Charity Registration No. 1077790 Company RÈgistsaiion No. 03785564 IEn9land and Wales) Emmaus Leeds IA Company Limited By Guarantee Trustees, Annual Report and Financial Statement8 For The Year Ended 30 June 2023 8-0￿ Bthier Chariered Accounlants Leeds Emmaus Leeds IA Company Lim￿e￿ By Guaraftteel Legal and PAJrninistrative Infortn*ion TruslÈe5 Glenn Milei (Chair lo Se￿ember 20221 IRebre(f 6 DeceM￿r 20231 ar& Uster (Chair from Seprernber2022 and Treasurerl Simon. Cron ArKlrew Srriih Hu90 Groves (Resigned 30 Septernber 20231 Dr NKh(4a5 Gru￿ing5 Anne Charnt*rs ary Oiwju John Drxan Amanda Beresford Christina Tan Iw)pfynted opi 14 June 20231 Mthael Devaney I￿pOinted on 20 July 20231 (Resigned 17 October 20231 Tracey j￿reS I￿[￿)nted on 14 July ?0231 Senior staff Don9￿ Forie5:er (Chief Execubve oifwl IRetired 30 September 20231 Gina mcrriX￿ {Ge￿ra1 Managgrl S•crelary Amanda Berestrd Ch8rity Number 1077790 Company Narnber 03785564 R8g15tered Offi Si Mary'5 Street Leeds LS9 7L)P Auditor Brown Buiief Chaierècj Accwnlants Lei9tr House 2&22 Sl Paul'$ Street Leeds LSI 2JT Banker3 HSBC Bar.k Wc P08ox 105 Pork Row Leeds LSI 1LD Emmaus Leeds IA Company Limrtecj By Guarantee) Contents Pa9e Trustees. report I,ndudirg Dirottor5' reporti Independent audrtor's report Slaiernent of fin8nrJ81 xtbvits•S 8Iarts sh8el 10 Slalement DI cash lknvs Nol85 to Ihe Iinants31 Statements 12-24 Emmaus Lee(Js IA Company Limrted By Guarantee) Trustees, Report Iin-luding DirerAors' ReKX)rtI For'..4e year ended 3C June 2023 Tru51ees. who are also D,re¢t¢ws lor Ihe pwposes of Company Law. afe pleased lo present their anriual report t2geiher wth Ihe finarrjai stalernents DI the ¢h)rity for the year ernded 30 Jun& 2023 wtr.ich are also prepared to meet tne reqb.rements for a Directors. repoi and accounts for Cornpanies Acl purposes. The financial statements wth lie Ctrarities Ad 2011. the CorDpanies Act 21th the Articles ol A$sociabon. and Accounting anty Reporting by Cnarilies Statemern of Recomrnended Practice applicable 10 charitie5 preparng ltr￿￿r accounts In &t)rda[￿ with tr.e Finanoal Reporting Stsn4aro$ appIl￿ble ip Ihe UK and Republic ol Ireland IFRS 102lICharites SORP FRS102 Ireviged 201911. The legal and adminislralive Informatyor. corbslrtutes part of this rep)rL Oblo¢tlv•8 ind aclbvltles Ovgrall Purpose Thc ch8rily s overJl purpose 15 ID provth* lpdivi￿Ots. m81• ènd ferna￿, witn a home. companionship ar.d the opportunlry lo d8vek)p Impiowed Ille and sknlls wihl In Ihe securty of a s¢lf-5VPPQrting comrr.unty wiin Ine aim of rDo¥ing on Irom homelessness. Th8 obj￿1$ defingd In our conslilulion aro a6 lolSDWS "The alleviation and rdièl of po¥erty. hartlship and d151r8ss arisirg therefrom to those in need wrthout &sknnElion by- 1. The provision of accommodahon Dr as>stance Ir. such provislon for tho poor and horne1e68 In the Leeds area and 5UCn Other places as way seem ap￿opriate liom time to bme. 2. The provis.on ol e(lucaiiW.. Iraining aryd ernployrneni training for such WlSDn5 Wth the wrp08o ol developiry Skills lo en•ble Inem lo 98in employrrwt. 3. The support ot Ine wort 01 Olher Emmaus commonrtie5 or 0lneT agenc￿$ In tte relief ol kK)verly and horpele5sress whetner In lh• Uniled Ki￿*yOM or 4sewnere In ine wtsrld and In parliGular 'wlhoui Iimitalionl by the exthange of resource$. Information and expertise Other Emmau6 communitie5 workywide. 4. Th& fullilling ot other purposes as may fro￿. lime ￿ line be recogni$ed by En9159h Law 05 being Charitab￿ which If* Charity shall ￿"m8 lo time delerrn.'re" Wnen reV￿￿1r￿j our 8¥ns owbves and in p18rning our fLrture activities. the Trustees have complied w th the duty In SecliDn 17 01 the Chailts￿ Act 2011 tc have due regard lo public tsenelit gu',dan¢e published by tho Charit￿$ Corrmisgor In partiC￿ar. :he Trw$lees ¢￿SIder how planned activities wll C￿InbU1e to t￿ Ains and Ol'etrJves Ihey have set. Th8 Trustees have pa￿ due regard lo guid8nc* ¢S8U￿ by Ihe Ch8niie$ Commi$gion In deciding what auivilies and Chanty ShoL￿d undertèko. AchiÈv•m*nts and p•rformance October 2023 marks th& 20f. Annivefswy Ot Ihe Erimaus Leeds CorrmLnily opening for business and l am pleased to rEPOrt Emrnaus Leed5 Is In gc(M1 be811h as a Cornmunily and an Enter￿lse The year Ic 30 June 2023 has seen a numt*r ol p%itive develop￿￿1$ both in the tradirng operations and the run*ing olthe CoTmun.ty. Throughout the pastyear Em￿laUS Leeds has tr,elped 47 previou5ty hotnele5s people by providing Ihem with 5JPPOrt. accommocation and a Durpose ty Invibrg lil effl lo becorne Coff panions of tho Emmaus Leeds commur, ly. We have had a 51gnificar.ly greater tumover cf comp3Plgn5 In part 35 3 Oel3yed consequence of Ihe l0crf(kY￿ perio¥Js and. i? part a reflection DI ..he greèiar challenges facing Cotnpanions referre(J to us. 01 tre 14 Indi￿dda[S Ytho lel us Ouong ihe year, 10 ￿0Ve￿ on 10 olher accomffjottalion and 4 Into full-lime empk>yrrept There have been 9 diverenl training courses offered lo Companion5 and a total of 43 atten(Jed those courses as o, the time ol writhffj. Enmaus Laeds IA Cornpany Limited By Guaranleel Trustees, Report Iincluding Diredors. Report) For year ended 30 June 2023 Achlevements and performance Icontinu¢d ThroL9houl the year covered by these accoun15. occupanw has averaged 86% ofrAJravailaoi& rooms. A5 of the b.me of ￿rtIng that fyure Is 79%. We have 4 Companions havo ￿1￿ Ihe posilicffj ol Companion Assistant They take responsibiliiy for the secJrity ol the buildiNJ 6a¢h evening and al weekwQ5. We 81so have a weekly meet ng for Companions to exchange wews. Ideas atid ir.lorTn8iior As as on Dur ¢vm account we have wr¥ked wlh other Ernrnaus Communit￿9 and wilh Ernrnaus UK. We have also sel up a Solidarty Committee wlh "ewesenlalives f.'om Ihe Companions membors ol Slalf and tre Boarol of TFusiees wh th las tyeer aore io kelp several local char1tes. Including oiner homeless Charit*s. Our rnove on properties have been occupiea Ihrou9hout the year and prov*J Iheir worth In assisbng CompanKins ￿0Ve low8rds indep￿d￿re. The Trustees ¥iew ihe provision of move on assistancè as a key 51ialegy lor Emmaus Leeds going fTrMaré anLI. subsequent to the year enLI. a furthèr single oG-upancy property bas been acqbirefj The trad￿n9 oper01￿n5 ol the CommuThty bave been p8rtioJlarfy stror¥J aunng the year wlh Income exceedirYJ the L500,000 levd for ihe filsi time ar,d a $19nifiwt trading Sufrlus afisng Whi15t this 15 lo yome exient. a fUnCt￿)n of the C￿￿ent cosi o! living cn515 It also reflects the efforts ol bDlh Ihe $:aV ncj companitsns the Trustees woula like to lthe Ihi$ 0p[￿u￿11Y lo than* them. Fundr•l$lng actl¥hl We strive ',0 achieve Ine iigwt IL"ndr8ising s'.8ndards and we value our sJpportNe Idndeis We are ¥i#ying up io awe win aeveiopmerig In cnariiy reguiauon aaia protect￿Tr ana Ihe PunUra151ng Pielerence se￿ICe IFPSI with Ilie help ofEmmaus UK to en$ura we ale le9ally cofflplianl and adhwing lo all guideliney No cwplain13 hwe l)een recewea thiiry Ihe year Ir. conneciien with funOr8ising. Flnancial Revl¢w The siaiemen.. ol Financial ActMlrC$ shows Total IncoTre forlhe year 01£875,9e212022 £7￿ 3931 and Surplus ol £99 93312022 Delioi £?4 3c41. The most theasing feature of lttese resulls IS the lawel of Traoing Incomè which was F8% ahewj ol the pror year As Wilh mos: bu51n8$ses costs Pave been Increasing. pa.rticul3rfy with regards 10 Uiilibes aw Food but Ihese Pave been well controled rèsulting In the sUr￿Lts rècordèd. Dunng the year the mair slore ha5 performed s',:ongly and beEn bdslered by Intemel sales and House C￿arance iicome. The dec1510n 5*85 tak￿ to dose our second outlet In Leeds markei during t￿.e yéar bu: Ihi$ nao no advtrse Impau on the overall Ira¢Yiro ￿ve1$. The Nel Assels stood In total at E1.562. 158 on 30 J￿e 20231202 £1.462.2251. Ernmaus Leeds is In sound financial po$rt￿ry and Il o%wns rts freehol(J property In Sl s Street. an¢ It has no significant borrowng5. Prfncipal Fundln9 Sources The lolal income for the year was £875.962. Ent8rpr158 Income forni￿ the rnaiorty of tIHs at £519,054 159.191 ¥Wile Q36.049127PAI was Hcu%rg Benefit. The remaind¥of ow wasmade up of grants. donations and investment income. Ernmaus Leeds IA Coln￿nY Limrted B y Guarantee) Trusiee5' Re￿rt Iincluding Dire£#ors' Rep(￿1 For the year ended 30 June 2023 Resetves Pollcy Our reseTrÈs pohcy Is rewewed each year. Our wlicy is lo 4pproxim*ely £1fjo,(￿ to cover bus.n86s Interruption or exceptional premises maintenance Costs. This rep'esenis our best esbtnale of three monirys. Current operabng costs and Iikdy ￿ntenance expenditure We feel It prud&n', to add £40.000 10 that SLtrn for exceplK)nal windin*w cO￿S is shown a5 3 designated reserwe The tree cash reservès ofthe Charity a* 30 June 2023 were £339 894whith exceed the reserves policy figures The Trusloes are cunenly reviwng this possib￿ Investment Induding various capital projects ancl cther rtems of revenfft expEndittJre in wth Ino main ot4eclJves cf the Cttarily. Volunteers Unlortunal&ly our voluni8er numb¥s have fallen sirre ￿$1 rerM)rt due to death 8nd Illness. In PilrticuK4f. we wruld like to remember Peter Tal￿.. who 98￿ years o. service as a volunteef n the Communrty bul unfortunat&ty passed away Ihis yeai. We had a:elal Df 6 Ind1¥A¢￿al5 volunteer in the year lo 30 June 2023. They gave a toi3101 2.548 hours of t*ir ;Ime The Trustees, as ever are Immensely giaieful for ;he.r Iirne. commiimwi an(J treir oveiall co*tnwtion to the SUC￿$$ ol Ihe Charrty. Ri8k management The Tru51ees have out assessments of the ChBrity'5 actrii'.ies. opportunrties availatsle to il ar.a the risks 10 which Il Is exposed. These risks are Mjenlified In Ihe risk ￿gIster. fne Trusiees have Cons￿ere# i.ieii resron$ib",Iibes unde.. leg151aii¢N) Including treallh and safety. employmeyi law ancl safeguaiding. Systems and p'oceoJre5 have oeen IMpl￿ente0 lo manage &pecifTc r￿Sk& that have been ittentif..e¢. Induding Irainiw for 911 approyiaie ptsrsons as neces8wy. The Trustees are speufirally reviewing tha Iikety Impatt ol dimale thange on our future operalior Plan¥ for the lulure The Trustees have an anpu81 $lraiew day. alongside key étr.r4oyees The lopcs of tradiry reV￿ue and opFortunlli•S. T.. usiee Y￿￿te*r staff ¥vellare and recruiimeni and felention 8$ appiopnaie., aiid local and ¢?ntral govemrneni wlioes are stana￿9 Items Tw$'.ees ala also ky)king lo build on the sJcces5 01 their'move-on nous•" yojed wV.h a purchase perhaps of fvth1her properties If appropriaie. Trusioes gre also looking at wcp8rty m8fftlenanc* 18sues and the vthlKle fie* we run as ￿11 as it5 enviror.rnentBI Impact. In the longer term the Trustees wll continue to knok to addre¥8 its kty aim of ubliziry the Emmav5 model In prov.'ding A roult out of homelessness In Leeds. whilst tr￿nn9 the strong ¢Qfnmuni'.y already buill up is not al r15k. TP.Is TrMII Invdve the aD￿lca￿On of any hjlure surplus funds to projects fneelirg th85e aims. Structur¥, gover4)ance and managem•nt Governlng Document The Charity Is 8￿MpanY Iimrted tyguaranlee. Incorroraled 9June 1939 and re9lStered as a charity The Company ¥YdS establishe¢ under a Mem￿andU￿ of A$s(Ew1￿ whith eslaLli$hes the objects ane powsrs of ttre charitable ￿mpa￿Y anLI Is goverre¢ under Ils Artide5 of AssoGalion. The members of the company guara.Ilee to ¢¢y)tribule £1 each In Ihe event of a wnding up. Con5trtution Under the requirement of the Memoranthjm and Ajtides of A5sooation the Truytee$ are elected to 5eN,ce for a period ol three years anei %thich they musl be revele¢ied al the nexl knnual General Meeting. Emmaus Leeds A Cornpany L mited By Guaranleel Trustee5 Report IiTK4udin9 thredors. Ryrt) the year eNled 30 JL￿e 2023 Recrultment ol Trusteeu Three new Trustees have been recruited since the last re￿r and have taken an active rDfe in the governgnce of Ernm￿s Leeds As rewrted In the 13*. report Glenn M'.Iler retirecl as Chairman In Sepiernber 2022 but remairÈd as a Trustee He is"elinn9 as a Trustee a Ihe December Board meeting and the 8oard of Trust￿ would like to thank hin for his masswe contribubon lor over 15 years. Ttr.e Board reuuits Dew Trustees Ilro￿h a number of routes h)cluding P&TSonal relationship or recommendabon. through GovernTneil ager.cy REACH and pnvate agefKies If requiw ￿1 are required to be lawiliarwth and comrnitted lo the work ol Emmaus Leeds and ￿teNe an Induction pack prepared and updated by Emmaus UK detailing bcth ltye gbbal and IcGql aspects of the ChsFity's work as w811 as dear 9￿dance a5 Ic the responsiixlilies ol a Trusiee. This s ￿rgelY based on the Clanlie5 Comrnissitin pubk'caiion 'The Es5er,Iial Trustee. TPweafter opportunitses are offered lor Tfusiees 10 engage in specific aspects of relevantirainir¥J and v.$,Is lo other ccthmunities lo experien￿$ and ideas. Organlsliional Structu The 8oafd of TiusieÈ5 neets quanerfy lo review actwrty and is fespwsl￿0 for determining required governance ano lh& selling ol sliategy. The Trustee$ also annual strategy discus510ns to sei the ILrture progfarnmo for Emmau5 Leeas. The Genèral Manager Is charyed wtb the irnplementaiion or policy a5 direcioa by the BoaFd. Ihrou9h stamand vdun'.eers The Communty Leader and 5UPPOrt leam are tocused on Companion iecrurtment wellbèing ana onward ¢ryre$sion. The General Manager Is re5PDnsible for.he bU1￿1n5. Ihe bvgnes$ onathe SUFPOrted by 8 tearn ol manag8rs coveiir,9 a8Ch ol the58 areas There are curreNiy three sL&committ8es ol the Board Fin8Ye and 8usine58 Human Resources. and Propoty. Managoment Stru¢tur8 In %epieniber 2023 the CEO. D￿81￿ Forresier ￿(re¢ as CEO of Emmaus Leed5 after 6 yea18 in the role. The stron9 po&lion w• find tsjiselves in 81 Ihe moment Is prmarily dtse to the 5t8bllitY Lyealeo by Oonald dbring hi$ ieF)ure. Glna Ma'nson, Ihe Genèr¥1 Manager. has.aken over the ¢)veraU reswnsibiliry foi tbe fxganisalion and the managemeni * .e8m w88 restruciure¥ '.0 -re* a stc0￿j trer of manugers reponin9 to her. rnè cornrnLnity Is manwJed by the Commuiily Manager and the bJ$inès$ Side Is mana9pd by a Finance and Building8 Manager and a Rel*1 and Operations Managw. There are ewrenlly 12 members ol staff This tr8nsilion wa5 planned in and rt 13 to ts¢ttt Gina and Dcfia&J'S ryedrt that It hgs woceeded 5rn001hly. Tle pay of the $18ft Is reviewed ￿UauY and nomially Increaserf In line ￿th Inflation. Ajso Il Is reviewed th referenco lo rnanagemeii respon&bilities. Remuielaiion is berTrch-markea wth charrties of similar size and acbvilies, and the Other Ery)Tnaus COMMUn￿e5. Th's aim5 to ensbre thai the remunoralion sei Is fair and not out o* line wlh thai generally pai¢.iy similar rde5. Extornal Rel•tlonshlp• Emryiaus Leeds 1$ one 01 33 Errmaus Commurlties and Grovps wthn the UK which form UK Federation a5 part ol Ibe InteFnaiK>nal ErTrmau5 Movement. Emmaus UK tyowile5 valuable support In the form ol national represental.'on rt E a cu5tcdiar of good pr￿tICe fundr81sirg and guidan particularly for emer9ing groups. L￿allY Etnmaus Leeos wrk5 wlh a ran9e ol referral a9encies and chariiies which arÈ also epgaged ir tr.e prov151￿ of support for the homeless 35 %vell as.he Fumilure Reuse Group whicn WOlK5 to ennance Ihis aspect of envwMTrert.al Impact Emmaus Leeds IA CLKnpany Limited By Gu8ranteel TfUStees' Report (including Direclor5' Reporti For the yoar ended 30 June 2023 Statwnenl of Tru5t985' R￿PonSIbIl[lI Th8 Trustees. whD we also directots of Emrnau5 Leeds for Ihe purposes of Company Law. a resrx)nslb￿ for preparin9 th& Trnsl88s' Reporl anrl tho fmanckal s¢atfjwnents ￿ accorda1￿8 with appl￿ble Jaw and United ￿ngdorn A(wunbng Standards IUK Genarally Accepted Accounting Practice). Company Law requires th8 TTU51ees to Pfepare financial 5tatemevts for each finan¢01 ￿ar which gl Iruo and fair vsew of the stste of 8ff8ws ol the Charity and incomiThJ resources and applicath)n of resources. Incluttiw IhE iTKom8 arky expendituty of lh8 charitable company for that y8ar. In pr8paring these finardal slatemfrrns the Truste95 are wuired lo.. Select ￿lIable account￿9 PDlie48s and then apply them fX)nS￿l8ntty Obse￿6 Ihe rneihods aNJ wirK4ples in the Charrties SORP. Make judgemènts and estyrnates that are reasoMbl8 and prudent. and Prepare the financial 51ateffjenls on the going concem b851s unless it is inappropriato lo resume that the Chadty wll continue In opera11￿. ALTrditor In accordance wilh the company's aMic18s. a resolution (KoposiTrJ Brown 8utlw bè re-appointèd 85 auditor of the Company will bg approvod al thg Annual Genoral Meeting. DlscSo•ur• of Inlomiation ¢0 th• •uditor The Board ol Trustees who are Dlrtetors for lh8 piJrw)s8 ol company law 8n¢ Trusiees lor th& purpr)58 of ch8rily law, who stsrv8(J during ihe year and up to tho date ol Ihis rèport. are s81 out in thv Charity 1nforniab.on sedion ol thls ¥eFQrt In accordanc• wlh company law. a$ Iho Cory>any'5 Directors, wa cortify th81 So 18r as we aro 8warts. thore 1$ no relevant kntomaiion otwnich the (x)rnpany'5 8udrfor5 arg unawaro As Ihe dlrectL¥S of Ihe Cl￿panY ￿ lsava takon all thÈ sleps Ih8t we ought lo have taken in order to rnakc oursclve5 aware of any relevanl audit in1￿Mal￿n to establish that tho charty's audSlor8 are aware of Ih8t Inlorrn8tK*n. The Trustees are r•Sp￿SIble ke&ping •dequ8t& 8¢counting records Ihat 4Ji5do$e wSth ra850nable accuracy at any tho financial posillon ol the Charity and enaNe thom to ensu￿ thot th8 finarnJal siat6m8nis comply thlh Ihe Companios Act 2006. They s￿ also respon￿ble lor safeguarding the a6sel$ of the Cheity and hence for taking reasonable $teps fLY the ptyvenlion and deloctson ol traud and other krngulanttes. Small Comp•ny Rul•* Thi5 report has be￿ preparad In accordan￿ wth the special prow$lons relaling to small companle5 within Part 15 of Ihe C(¥npan￿$ Act 2006. The Truslees. Rewrt was a￿rOVed by the eoard of Trustees. Mr J Ustor Chair of Tru$t•os Dated: 6 Oecember 2023 Emm2us Lee(Is IA Company LirDrted By Guarantee) Indepervjent ALKSitor'5 Report to the MÈmbers of Emm4us Leeds We have audiied tie fina￿181 statements of Emrnaus Le&as IthÈ'Chari'.y I for the year en(kd 30 JurE 023 ￿1th cllmpr15e Ihe Stat￿ent of fjnanctal activities, the balance sheel. the staternent of G8SP, ows and the notes to the finarcial stalemenls. Indullirg a summary of signifit2nt acwntin9 poli¢ie5. The financial reporting fr2mew¢rkth* ha5 beep. applied ntheir preparatson Is a￿￿1¢O￿le law ar.d Unrted Kingdom Accour,ting Slan(Jard5, Induoing F..n8nual ReporDng star.aard 102 The Financial Repjrting Standafd8pplicableinlhe UKandRepublK oflielandlunrted ￿ng4W G•￿raIlY Accepted Accounbng Praclicel. In our opiiyvn, financJ815tat￿ents. give a true and lair view of the slate ol Ihe chaniatAe company's affairs as 8130 June 2023 8nd of Ils Income resources and application ol resourrks. lor Ihe yeai then ended." Mave been properly Drepared ,n accordarts ¥Mlh United Kingdom Ganeralty kn8Pted Accowling Practice. and - Mave been prepared In accordanc¢ wth th? requiremen15 Otthe Companies Ac1 20CE. Bièis for opinion We conducted our aud t In accordance w￿..h Inlemaiional Slandard5 on AudiliTrJ IUg(I IISAS IUKII and applicable law. Our responsibililies under Lf105e slanoar(Js are turther desuibed In the A￿lIOr'S reswnsitrililies for the auait of the fip.anoa statements $edLon DI obr [￿Ort We gre independent of Ihe charitable wmpany In accordwK& the ethical req￿Irements fftal are ￿want to our auoil of ltte financial sialemeni$ In the UK. Including 'he FRC'S ElttIG4 Stanoara, anol we have lulfilled our other el￿.1¢81 rE5PDnsiblilies in accordance %Mth these requirements We belI￿e tttgl the audit evidence we have obtair￿d 15 sJffic*rn 9pprow￿t• to ￿0¥*1? 8 >8svJ for cwr wnicn. Conclu810n relatln9 to 9olng ¢on¢orn In 8uarting the Iinancial sl&lemeryls, we haveconclu¢Jed that ihetru5iee5' use ofthe gryng ¢oncerr basis of 8¢covnling in the preporolion ol Ihtt fin8nc481 ¥tst¢momis ts upwopriale. Bas8tt on th8 Wolk have perlormed. ￿ have nol Identified any maien•Jl unTrrtainb'e5 rdaling lo events or condits0￿$ Ihat Individuèlly Of colkciively. may cast significanl doubt on the charlia￿e ¢ompany's apility to conbnue a$ a gory concern lor a Fenod of at lea$1 twelve months from when :he flnanaèl slaiernenis are aLrthorised for issue. Our responslbililies and tr.è r•spffisibilibes ofthe Iruslees respect10 going concèrn ai8 dèsuibed in the r81evant S￿￿10n¥ of thas report. Other Infomiatlon The Other Inlorm8'.ion compris•s the .'nfom8tiog iiduded ir Ihe Trustees. Annual Rèport other Ihar the financial sl8temen15 an# Q¥f aJd.ior s reporf '.hereon The TrL'slees are responsible for the other information. Our opinion on the finarKial stsiemenry ooes Th)1 covef the other Inforrnatson and 8xcepl to the exle?l other%wse ex￿1ClIty S￿led i) OUT wepor.. we do not expre$5 any lom) of assu.. ance condusion thereon In conneclion our audit of the finar(ial stslernents. our respon$ibilily IS to read ffte other inform?liDn and. in doing so. coils der bYhekTrr the olher Infcymalion Is ￿laterIallY Irconsistent with th& financial statements 01 our knowleage ob'.ained In the aud..t or olhew5e appears to bo rnaienally misstated If we Idenlity s￿￿ malenal irthi&s'.eraes ￿ apparefjt tnatenal m15slateTeit5 are required to deter￿IDe whelhei theie is a ma:enal mi55".alernenl in Ihe financial 51a4ement5 or a rnaterlal misstatement of Ihe other Inforffjabov I., basee on the work we have perforrned. wo conclude Ihat there Is a material mk$5taternenl of Ih s rAher informai'on we a￿ require¢ lo ￿pOrt that fau. We have nothing lo reFLVt In th'.$ ￿98rd. Continued on next page Emmau5 Leeds IA Company Limrted By Guaranteel Ir.dependen: A￿llIOr'S Report D the Membèrs of ErTbrnaJS Leeds Continued frorn preV￿u5 page Oplnions on other matters prescrfb8d by Ihe Companle5 Acl 2(M In our opinion, ba5ecl the undertaken n the course ol our avdit. the Information given In the TnJste8s' Report which Includes the directors. report prepared for the purposes o,. cornpany law. lor the fiYanc.al year for which the finanoal statement$ are prèpared is fQn51slenl wth the financial 5tat8rn*nts. aThJ - t￿ alre￿or5 report i￿lUde01 %Mthin the Trustee8 Report ha5 been prepared In acccfdance wi applicable legal requireryenis. Matters on wthl¢h we •r¢ rèquired to report ty •xcoptlon In Ihe loht ofthe knowledge unaersianding o. Ihe cnaniabiècornpany arid Ils envir￿￿ent ob18in8d In the COUfSe of the audrt. we have not Idenlified mateiial rnl55takeMen￿ In the directors, report Inclu*Ye thw the Truslees. RepDrt. We have polhing lo repon in resrecl of ttre follwiry matter5 in relati¢Ji tts %*hich th8 Companies Act 20[￿ requires us 10 repo.rt to yw Il. In our Opirmon - a#equate aTrJ proper accounlin9 reccwds have not been kept. or returns adequate fix wr aLJdit have not beert received Irom branches not vi%'.ed by us. or the financigr sralemenis we r*1 In agreement vlilh the 8c¢ounliThJ wrds 8n¢ feturn$. ci c*ain ijisclosures of truste￿, TernU.ryer81l¢￿ specified by law are not made We have noi re￿Ived all Ihe Inlorm8lion aNJ explanations we reouirè for our audit. R•spon¥lbllltle• ol Tru•t••s As exDlained more fully In ¢h* Slaiwrl￿I ol TrUEt￿8. R•sP￿#1b11rt￿S G•t out on p•9• 6 ￿tt)In th• Trusiees. Report, the Trustees 'wno are also the diiect¢ys of Ihtscharilable mmpany foi the ourFose of company lawl 8re resFW8't4e for the preparaiion gf the finanoal statements aid for b8ing satisfied thai they give a true and fair view. and sbth Internal as Iho Trustee5 determine Is nocèssary to enaDie preparation ol finD￿al staiemeNs:ha¢ are fre8 from rnaierial mis$iaiemenl, whelhef Que 10 Ir3ud Of error In preparing the finarK?al statement$. tie Tru5tee3 8￿ ￿pc￿$1bl¢ tsr assessing the Cttarrty's ability IQ coniin'Je as a 9oin9 concern disdDs1ry. 8$ 8prAicaDle. matters related to going concern and using the goin9 concern b8s15 01 ac￿nI1￿ unless the TrJ$lees elmér Intend lo Iioui¢aie thè chaiitable cornpaTIy or10 cease cperaiion5. (K have no realtsiic attern?tive but lo cb so. Audiitsr's r&5ponBlblliti¢$ Ivr the audit of the Iln•n¢lal st4tements Our obiectsves are lo obtain reasonable asWr8r￿e about whetlw the finanoal $lalernents as a whole are l*ee from material m1551al6Ynenl. whelher oue lo Irajd or error and 10 Issue an auditorfs report that Incluées our tsFNnion. Reasonable assurance ts a level of Jssurance. bui Is not a gLiara4iee Ihai an audit conducted In accordar.ce'Mlh ISAS IUKI Will a￿ayS deiea a malen81 mi551alemenl Il eKisis. Misstatements ¢a.q anse trom traLd creryor and are considered material If. Individually or in the aggregate. they cotsl(J rea5DnaLly be exped￿ to influence the ecoTr)mi¢ dE¢isiDn5 of user5 tskcn on the ba*s ol these fnanoal S1*e￿ntS. A further descnoion ol rxjr resp￿￿A￿Allyès lor the of the fipanoal statement5 Is IDca:ed on the Finarcial Reporting Council swebsite at .￿￿jaUdit0f lorms part of our auditor's report. This descriptson CDntinued on rext Pa9e Emtnaus L£8ds IA Cornpany Limited By Guar8ntptrl In(Jependent AudrtDrfs Rewt kn the PAemb8rs of Emmaus Leed$ Corrtinuèd from previ(MJs page Capability of the al￿111 in delectirKJ irregularilie8. Induding fraud Irregularrti8s, v)dudw fraud. are inslan(xs ol non-comp1￿9n¢e with laws and wu&lion8. We dèsign pr￿d￿r&S in line vAth our r8¥K)nsitrAI￿"e5, ¢Xrtlined above. to deler rnalerial mEst8tern8nts in rèspect of irregularitie5. I￿lUdIng Irdud. The key laws ar*J wulations we have tonsidered In this context nduded Ihe CcMnpani8s Act 2006. the Charrt￿$ Act 2011. pen￿On al￿ tax legi￿allon toggther ￿th the Charities SORP FRS102 IRev&8d 20191. In addilion, wa hav0 Considered prowisK)ns of other laws an¢Y regulat￿￿5 that do not hB¥• a direct 81fe¢t on the financi￿ stalernen¢s but complianc8 with which rnay be fundamental to the charilable company's atrxlity to operate or lo avohl a mat8nal penalty Tha 8Xtenl to which our procedurfrs are capatle ol del8Gts"NJ irregularits8s. ncltsth.ng fraud is del8Slbd below.. Usin9 our g8ner81 comrnerdal and soctDr exp8rlènce and Ihiough dISc￿$s13n$ wilh the trusl8es an(J other managomer¢l, we Id8nlified areas of laws and revulati￿S thai could r888onably be expect to ha￿ a mai81ial offecl on the financiol stal•ments as well as th050 arising from m&na90rn8nt'8 own a5S8bsrnenl ol the risks th81 Irregularitios rnay occur either as a rewti of fraud or ¢rror. We examined the cherit8bk cnmpany'8 rogulatory and 18981 cor￿PondenCe and discus58(J with the trustees and other managernonl any known ￿ stsspècted in¥lanc85 of Iraud or non.eompliance wllh laws and regula¢￿￿. We commurtrirAlèd kY8nlrf*d ￿w$ and re9uI8tI¢Y15 and pjlentlal fraud rlsks of ah 8ngagem8nl learn mBrnbers and rttrnalned alert to any indicatlcns ol Iraud or noTrcompliance with laws ano rt9ulations ihroughout the au¢il. In addressing tho risk of management override of conlrols, we 18sled the appropriateness ofloum81 8ntrye5. We also chalkiw 8$SUrnPtions ano its¢gèm¢m5 m8(10 by m8nagomeni in their SKJnificgnt ac¢oLsnts'ng esltmaies and iudgements. Ir8n8actKJn$ involwng thom. Wo dtseLtssed relat•d party relationships and Thgre arg Inheront limit8t￿n$ in lh• a4wJit vocedu￿S describod above and the further remove(I non- eornpliance with and rywulalions is from the avents an(1 trar￿a￿l0￿5 refle¢l•d in th8 finarjcial statornenls, the 1058 Iik$ly we would becorno aware ol it. Also. the risk of not dglecting a m8l¥rial n%55tatoment duè to fraud is h*2her Ihan thè rLsk of noi detecting one trom orror. as fraud may Involvo eliberalo con¢•8lmeNI by. for example. forgery or lnient￿)￿al rnI$represantatl￿s, IY Ihrough ee41uwon. U•¢ of our r•port ThL8 rerx)n is made solety to the Charitab￿companyS mombws. as a boty. In accordance with Chaptèr 3 01 P8rf 16 of the Compan￿5 AGt 2006. Our audrf WO￿ has boen undèrt8ken so Ihat wè might stale to Ihp ch8rilabbe cornpany 5 ffembers those tTiatters we ar? ￿qui￿ to stsle to them In an al￿110￿9 report and for no other purrx)se. To Ihe fullest extent permitted by 18w. we ¢0 not accept or ossum8 sponsibilty to anyme other than the tharilable company and the charrtable company'5 members as a body, OUT 8utht work, fo¥ th￿ repor( or for the oFxnKJns we have loimed. Linda Ccw (Senior Statutory Audttor Brown 8uller Chartered Accounlants Leigh Hw5e 28.32 Sl Paul's st￿et L8ed$ LS7 2JT . Z023 Emmau$ Leeds IA Company Lirnited 8y Guaramo•l Sietement of Finanoal ActbVf,es Induding Incoffle and Expenditure Account For the year ended 30 June 2023 unrestr￿ed Re51ncted Total 2023 Tot 2022 Notss 2023 2023 Income Irom.. Donation5 and legaoes 33.714 33,714 23,784 Chafilable actNrtie8" Gran15. fees, GDrr.rad$ Trading income Investment iricome Other Income 286.436 519.054 1.￿8 420 35.Cd)0 321.436 519054 1.35B 420 239,315 441 244 212 838 Total Income 840.982 35. 875.982 705.393 Expondlture on.. 770.049 776.049 719,697 Net Incom•ll•xpendlturel Wor• ¢ransf*rg 64.933 99.933 114 3041 Gross transfers be￿en funds 35.000 135.0001 Net incorn(tlloxpendlturg1 ond net movement In lunds 99,933 g9,933 114,3041 Fund blarKR5 at l 2022 1462,047 178 14162.225 1.478.529 Fund balance8 at 30 Jun¢ 2023 1561.980 178 1.562.158 1462.225 Tho 5tat•m?nt ol financial athvrties I￿l￿deS 819ains K)sses re￿nise0 In the year. l income and expenditure derbve from mntiiuiThJ acbviDe5. The 5tsternent of finanu81 activ￿e$ also ¢rM￿leswrtrn tn• réquirèménts for an Income *)0 8xpènditur8 xe¢unl under ihe Companies Ad 20C6. The notes on pages 12 to 24 lom part ol these financ4al s'atements. Emrnaus Leeds IA Cornpany Limrted By Guawte¢l R•9iEterÈd nurn￿r 03785564 Balance Sheet As al 30 June 2023 2023 2022 Not•$ Flx•d a•$ets Tanglble a$58ts 1.179,477 l.(X8.384 Currgnt Debtor8 Cash 8t bartk aNI in hand 25,417 379.894 40.811 382.064 405.311 422.87S Crodltorn.. amounts f•lllng du• wltt*ln ono ygar 10 122.630 129,0341 Ngt cvrrenl asMts 382,681 393,841 Net A•••ts 1,￿2.158 1,462.225 Fun£ts.. Unreslricted fu￿1$.. Gonor81 Daslgnalod Oe$ignated Capital 559.932 40.OCQ 962.048 465.778 40,0 9%.289 1,561.980 178 Restrtcted fvnds 1,482,047 178 1.562.158 1,462,225 Thg financial $￿teMents, which have b8en weparod In accordance wlth tho spgc4al wovisions relating 10 small companies wrt￿n Part 15 of Iho Companiès A¢t 20(6. We￿ approvod by the board of Tru51ges and aulhons&J for1s5ue on E Oecernber 2023 and are swjrtèd on 'ts b8h8W by. M LL8ter uslee The note5 on pages 12 to 24 fomi part of th•58 finan(ial 5ts1ements_ 10 Emmau¥ Leeds IA Company Limited By Guar8ntEel statetnent ol Cash Flows For the year en.ded 30 June 2023 2022 2022 Cash yeneratEd from operatlon8 Surplus I IDefirJll for Ilie year 99.933 114 3081 Aoiustm8nts lor Inwesimeni ineowe O&prerJalio Decrease I Ilr¢rea$o1 in debtors (Detreasel I IKiease In ¢roobiof5 11 3S81 49.983 15.394 16 4041 51,586 13 4251 5.069 57,61S 53,019 Ca8h flov4B from optratlng actl¥ltle• 157.548 38.111 Inve8ting actlvltle$ PuTchasÈ ol IèDg10le fixed assets Interest rec¥ivt 1161.0781 1.358 13.3771 212 Net ¢••h ui•d In In¥•sting a¢tlvl¢l 1159.7181 13,1851 Net Idecrea8el I In¢rea$e In ¢ash and c¥¥h equlvalent• 12.1701 35.546 Cash and cash equiv8lenis at Degirnirg of y 346518 C4¥h and rABh equlvalents al end of year 379.894 382. The cnanty no éebl durin9 Ihis ¢x Ihe prior yeai. The notes on page5 12 10 24 lorm part ol these finanoal ststements. 11 Emm8u5 Leeds IA Company Limite¥e beep. sei asid8 ar tThe diSCre￿n ol the TfUSte¢s fof specif.c purrrt)ses. purpose5 and uses of Ihe deslgnated I￿￿$ are sa out In the notes lo the finanoal staieTents Restr1¢te4 lunds are subject to speafic corydrtions by doncrs as 10 how they may be used. Th8 pwwses and use5 01 the restrthd fvnds are sei out In tho notes 10 the finanryal $lalwngnl$. In accordanet wth the Charities SORP IFRS102 remsee 20.91 h¥ed assets xquired using r851ricleo Incoming iÈsoui¢e$ are d¥S￿ried a5 Jnresliaed when Ih15 Is consisieni with Ihe5r use The designated capilal ILnds reflect the book value ol Such assets. whith will be re(lu¢ed over ble useful life of the assets in line with their depr¢uaiioA. 1.6 Income Income Is recognis￿l when the Charity is le9aUy eniitkd 10 It after 8ny pertormaneè conditic￿& have been mel. the amoJN$ can be measured reliabty. Bnd it L8 probable *at Income will be received. Cash don81 ons are recogniseo on re￿ipl. o'.w donat￿n$ are rectyni$¢¢ wce the Chafity has been notified of the dona:Icr. unless pertor￿a￿e condiiDn$ requi￿ defeFral ol IhQ affjoiIDI. Incorne lax recoverable ￿ rdation10 donathons r￿￿1¥￿￿ und8r Gift Aid is recognised al Ibe liffle ol the donallon Income fvom 900(Js dcfiaied fof sale by the ch¥ity are reco9nised at point of s*. As a re$ull of Ihts ligh volune of donated g￿￿5 received by the charity. Ihe cost of rewjnising these Ilem5 31 foir volue on re¢eipl wo.Jld wtwe￿jh the benèfii ol rècogr.i5.ng thern ￿ the finan¢ial $talemeni$, Legacies are recc8niseO on receipt or otherwse If the ChaThty ha6 been nolif1ed of an impending d151ribJlion, the Brount 1$ KntMI. receipi is expected. Ifthe amount Is not known, the legacy is I'ealed as a contirsent assel Grants, wheie enirtlement is not condibonal onlhe ¢JelNery ofa speofic perftsrmancè by charity, are iecognised when the charity becwes urK￿dI￿On¥ty enirtled 10 Ihe 9rant 1.8 Expenditure Eypep,dilure is recrwised oncs Ihorè 1$ a ￿81 or conslruclive Obliga￿.￿ to make payrnenl to third party. 11 Is p"ob8ble Ihai setyerneni wll be requ..ieo ar¢J the amwni of the obligation (an be measureo reliably Experditure Irdude5 èttnbaIa￿e VAT which be."8cover8d. Expen(Jrtvre Is clasgfied bnder Ihe fdlwtvJ adivity heaL*r,95 Charitable actNIty conprises tlY)se cost5 Incurred by charty in the deliverance of it5 activities a*d seM¢es fcr i'.5 LEnefiGaries It includes both c0515 that can be directly alkncated to such acbvrties and those rx)sts ofan Indiect natJie necessary to support them Support CQSIS Iwlude IPose costs which carin￿l be direcuy attributed 10 a particJ18r heading. and Include Ihe governawe cosis al the charty. Tnese are alkncsted lo the relevafji activity based an usage and Slaff brne as5cu*d vrfth eath acbvty. Emmaus Leeds IA Company Limii¢d By Guarantee) Notes to the Finawial Statemerts For the year ended 30 Jurie 2023 Accountlng pol1c￿$. tonllnuÈd 1.7 Tangible flxed assets Tangible Iixed assets are I￿￿￿lY meawieLI at cost and subsequendy measwed at cost or Valuation. nel ol depieoation and any irnpairment losses_ Deprecialiot) Is recognisea so as tOWTI'.e ottihe cosl orvaluation of assets lesstlEir res￿￿81 value5 over their uselul Iiv&s on the lollwng bases Freehdd buildings Fixtures and ftttings Cornputer5 Motor vehrles 2% slrasht line 33% s'.ra.'9ht line 13% s'J819ht line 25% Slraigm Iir Frtehokl land Is not depreciated The gain or los$ ariS1ry on Ihe dispos* ol an asset Is deiennined as differeKe between the $018 proceeds ané Ihe cairying value of the asset. and is recognised In nei Inccthellexpendilurei for wear. 1.8 Impalm)•nt of flxfrd assets Al each reportiro end dale lh8 Chanty wews the rarrying arnow15 of its tangl￿e 8ssets lo detemiine wW+hèr Ih•ra Is aw Indrabon Ihai lTrose assels have suftered an Impaifmeni10s6 If any such in4ica'.i¢)n exists. the iecoveraye arncup.i o., the asset 15 eslirnated In ordw lo delermi Iho extont of the impainr.ent105s lif any). 1.9 Co•h •nd ¢••h •gulv•l•nt• Cash ana cash equivalen15 IrKludO ea$h In hand de￿$118 held at ￿11 ￿1￿ tyanks. other $hort-term IiqL'd nvesimen'.$ with originAI malurit*s of tr,",ee months ty less. ard ev•rdrafts Bank overdraly are 5nown within borrowngs In curienl lthil ties. 1.10Flnon¢lo1 Instruments Th¢ Charity plerted lo zppty the yowsicffi5 01 Seuiw 11 'Basic FMaT￿la1 InslrLJrnenls' gnd Section 12 '01her Finar.cial Inslrumen',$ Issues. c4 FRS 102 10 all of rts inslrumanls. 88slc fin8nci818ssets Bas,c financial as5e15 which incjude debtois and cash apd bank b318nces, are Initi8lly rneasured at Iransaclicn price IndL*liro Iraqsxiion costs ard afe subseoJer.tly carfieJ al amortised CDSt In9 the effective Inleresl ￿11￿)4 dnles5 Ihe arrwgemenl constslutes a financing Iransadion, where t￿tranSaCtIon Is measured al Ihe p'esentvalueollhe lulure re￿Ipt$dIs£ounte0 ai a market rate of Interest. Finanual as5els cla5sithed as ieceivabie w1￿1n one yet>1 are rK)l amortised. Imp•lrm•n¢ olfin4nci•l as59ts Financial assets are assessed lor lnalcalo￿ ol iry.pa rm￿1 a., each reporting dale. Financial assets are Irnpaired wh6re'.*ere Is olethve ey￿enCe I￿al a5 a resull of one or rn￿e evenls Ihal occurr8d after the Initsal re¢￿￿￿On of me fmanc.:J asseL the esbmatea fvrtuTr cash nave beon affeLted. Ifan a$srf Is irnpaired. the Impaimienl k)ss Ks the diffe",enc8 betéleen lh8 carrying amount and I present valLe of the e5tirnated cash flow5 drscounted at the asw.'s original effecDve Interest rate. The ImpairmÈnt1055 1$ recogniwj Iri net IncorrEllexpendilbrel for the year. If there 18 a deuease in Ihe Impaiment loss arisiryJ Irom an eveni ttcumng after tne Impairment was re￿nIsed. the ImrAirment IS reverseo. Tle mersal 1$ such Ihai the Cu￿nt carry'ryg 8mount doE5 not exceed what the carryiv J awunt woulLI have beeg had itnpaiiTent ty)t previously been ￿cOgnised. The impairment ￿versal ts recognised in net I￿re1{eX[￿nditUrej foi the year. 14 Emmaus Leeds IA Cgfflpany LiTnited By Guardnteel Notes to Ihe Finan¢01 Statements For the year eided 30 Jure 2023 Accountin9 pollcies- ¢ontlnued DeretO9nitlott of finantlal assots Financial a$seis are derecogn15e¢ o.-ty whenthe cow.ractual rHJhtsto the cash flows from the a55et expire or are settled. or when the Cnarily trans+ers the hnar￿4al as$ei antl substant ally all the.isks and rewards of ownership lo another en)ty. or I some significanl nsks and re4vards of rmnership are retained bul con¥d of the asset ha$'.ran$ferred 10 arK):hei paTty tnai 15 atyie to sell the a5sel In 118 entsrety io an unrebied".hird party. Ba51¢ finonci*pI li4bslitS•S Basic financial Iiabililies. Induding crethteis anc bath loans are Inilially rewni$ea at transaction price vnloss Ine arrangemeri cwstiithes a fin8￿Ing transaction. where the debt In5trurrcnl 15 measured al Ihe p￿Sent value of the lulure payrY8pis thscounled 31 a market rale of intere51 Fina￿￿1 l ab4ilie5 dasylied as payable Yalhin one yew are ￿ am0[￿se￿ O•bl Msirumenis are subsequènty carried at amonised cost using the effective Interest rale methcé. Trade creditors are O￿lgalIc￿5to pay lor gocpjs or s8fyicesihat have teen a¢quiied Iii the oidinary ourse o, operaiions Irom supplier$ Amounts payaue are dassified as cur"eni1i*ililies If payment Is ¢Jue wthin one year or ￿s5 If not they are presented as non.curren: Iiatslilies. Tfaae creaiiors re r8cr)gnised Inilialty at traisaciiw pri(* ar¥J $L*5equenly ￿￿￿red al arnortlsed cost U51ro the effective ifflere$l meihod. Derecognltlon of fln•n¢lo111oblllUes Financial Iiabililles are derecowised when tho Chanty's contractual Obli9at.,ons exprè or are dischoiged or caneti￿d. 1.11 T•xatlon Ewnwaus Leeds is & rtgislered ch8r.ty and85 5UC* 15 a tharty within the me8ning of schedule 8 of the Finance Act 2010. Accordingty the Chatdiy Is polenl'ally enlilled lo 141X exernption uii Notes to the Financial Statement5 For the year ￿￿Ed 30 June 2023 11 Funds CurTvni year 8alwce at 1 JJY 2022 IncDme Balance at Transfers 30 June 2023 EX￿ortUre Unrestri¢i¢d lunds.. General lur.ds D&sigp,aied lun¢ Desigpaled caprtal funds - Sl Klary s Street IT i Cybenill - moVe￿n xcomMod81￿n 46S.778 840.982 40.f 1776.0491 29.221 559.922 40.000 9)5.798 1.767 48 704 128.7981 17541 33.331 879.000 1.013 82,035 To￿1 unwslnded lunos 1462.047 840.Sfj2 1776.0491 35,0ts) 1 561,980 R•s1￿Cted lunds: [m￿8U$ UK Cvpiial purchases . Other rEslllCted lunds 135.0001 178 178 TobAI resirKteil lunds 178 135,OCQI 178 Total funds 1 462.225 875.982 1776.0491 1,562.158 Re8trlcted lunds.. The chaiily has received restricred grart lunding In Ihe year frrm Emmaus FouThJabon of £25.OC(J for the wrthase of a property (r￿le 81 De8ignatod lund•'. The openin9 de51gnateo fund cl £40 Cm had been ¢ksignate¢ to ertab￿ an ordemy dosure of the chadty Il owralions eve. needed to cease Oesignated caytal lurKI8 iefiett the net book value ol asset$ acqk*red I￿￿￿9h reslri¢ted caixtal funding. 21 Emrnau8 Leeds IA Company Limited By Guarantee) Note5 to the Finanual Staternv,Ils For Ihe year e￿Ie￿ 30 June 2023 12 Funds. contsnuèd Balance at Exper.drture Transfers 30 June 2022 Prlor ye•r Balance at 1 JLIY 2021 Irccffje Unre8trlct•d lund¥'. General lunds De51gnated fund Desi9ndted capilal funds .Si Mary s Street -Move-on at￿lDMOdatl0n -IT I Cybertill 485 778 40,0 447 947 40 Q)0 1717.9201 32,313 932.598 5.858 .126 126 8001 14 0911 11,4221 905,798 1 767 48.704 Tot81 unrestiicted lunds 1.47e,529 703.438 17179201 1 462,a47 R￿trIcted lund*'. Emmaus UK Capiial purtha$e$ - Othe.. restr,aed funds 1.955 {1.7771 178 Total iestncted luTrols 1.955 11 7771 178 Tot•l funds 1476.529 705.393 1719.6971 1,462.225 Emmaus Leeds IA Company Llmlted By Guarantee) Notes lo the Financial Statements For the year Ended 30 June 2023 12 Analy818 of net assets bet4b*¢n lund$ Unrestncted nds Restrthd funds Total Current year Tangible assets Oe51gna'.ea cgrNtal funds. - Move-on accommodati IT I CyberDII - St Mary s Slreel Gener81 Funds Troininy Courses 82.035 1.013 879.CrfXJ 21 7,251 82.035 1.013 879.LY)O 217.251 178 178 1.179,299 382 681 178 1,179477 382,681 Net cunenl as881S 111l8ty1￿'e$l 1.561.980 178 1,562,158 Prfor yo•r Tangl￿￿ asyts Desi9naied capital tsnd5 - accommodaii IT I CyWbH - St Mary's Streel General Funds Training Cou16e5 48.704 1.767 .796 112.115 48.7N 1 761 905,798 112.115 178 178 1.C68 384 393.e63 178 1.1)68.562 393.883 Net current assels I Iligbilitl8sI 178 1428.225 13 Operatlng lease ¢ornmiim¢nt¥ At Ihe rcporting eryj dale the Chanty had £nil ￿tsland￿vj comrnitrnenls for future minirnum lease payments under Th)woncdIa￿¢ cpe'.ating lease$ 14 Re￿Ied party transactions Remungration of kvy man•gement pernonnel Tne (emuneralion of Key managernenl Fer50MpI IS as f(Alows. 2023 2022 Total employee beneffts 93.￿7 70.783 None of the Trustees .'ecwved any remweraliw ￿ Denefrts dvnng the year12022. nope). There were no other relateo party transacti￿$ In this or the prior year 23 Emrnaus Leeds IA Company Limited By Guarante¢l Notes to the Fifjanoal Slatetnent5 For the year ended 30 June 2023 15 C4pltal commitments Adeosion tèrten by 44e Board pre year end ro acquire a pro￿rtY ar.d an ?fferw85 acr£ptad In June 2023 The legal compIeL1￿ Jf the pioperty look p051 Ye￿ eDd 01 21 Seotember 2023 when the piopety was acquired for a purchase pncfj 01 £75.LYXI. 24 Charity Registration No. 1077790 Company RÈgistsaiion No. 03785564 IEn9land and Wales) Emmaus Leeds IA Company Limited By Guarantee Trustees, Annual Report and Financial Statement8 For The Year Ended 30 June 2023 8-0￿ Bthier Chariered Accounlants Leeds Emmaus Leeds IA Company Lim￿e￿ By Guaraftteel Legal and PAJrninistrative Infortn*ion TruslÈe5 Glenn Milei (Chair lo Se￿ember 20221 IRebre(f 6 DeceM￿r 20231 ar& Uster (Chair from Seprernber2022 and Treasurerl Simon. Cron ArKlrew Srriih Hu90 Groves (Resigned 30 Septernber 20231 Dr NKh(4a5 Gru￿ing5 Anne Charnt*rs ary Oiwju John Drxan Amanda Beresford Christina Tan Iw)pfynted opi 14 June 20231 Mthael Devaney I￿pOinted on 20 July 20231 (Resigned 17 October 20231 Tracey j￿reS I￿[￿)nted on 14 July ?0231 Senior staff Don9￿ Forie5:er (Chief Execubve oifwl IRetired 30 September 20231 Gina mcrriX￿ {Ge￿ra1 Managgrl S•crelary Amanda Berestrd Ch8rity Number 1077790 Company Narnber 03785564 R8g15tered Offi Si Mary'5 Street Leeds LS9 7L)P Auditor Brown Buiief Chaierècj Accwnlants Lei9tr House 2&22 Sl Paul'$ Street Leeds LSI 2JT Banker3 HSBC Bar.k Wc P08ox 105 Pork Row Leeds LSI 1LD Emmaus Leeds IA Company Limrtecj By Guarantee) Contents Pa9e Trustees. report I,ndudirg Dirottor5' reporti Independent audrtor's report Slaiernent of fin8nrJ81 xtbvits•S 8Iarts sh8el 10 Slalement DI cash lknvs Nol85 to Ihe Iinants31 Statements 12-24 Emmaus Lee(Js IA Company Limrted By Guarantee) Trustees, Report Iin-luding DirerAors' ReKX)rtI For'..4e year ended 3C June 2023 Tru51ees. who are also D,re¢t¢ws lor Ihe pwposes of Company Law. afe pleased lo present their anriual report t2geiher wth Ihe finarrjai stalernents DI the ¢h)rity for the year ernded 30 Jun& 2023 wtr.ich are also prepared to meet tne reqb.rements for a Directors. repoi and accounts for Cornpanies Acl purposes. The financial statements wth lie Ctrarities Ad 2011. the CorDpanies Act 21th the Articles ol A$sociabon. and Accounting anty Reporting by Cnarilies Statemern of Recomrnended Practice applicable 10 charitie5 preparng ltr￿￿r accounts In &t)rda[￿ with tr.e Finanoal Reporting Stsn4aro$ appIl￿ble ip Ihe UK and Republic ol Ireland IFRS 102lICharites SORP FRS102 Ireviged 201911. The legal and adminislralive Informatyor. corbslrtutes part of this rep)rL Oblo¢tlv•8 ind aclbvltles Ovgrall Purpose Thc ch8rily s overJl purpose 15 ID provth* lpdivi￿Ots. m81• ènd ferna￿, witn a home. companionship ar.d the opportunlry lo d8vek)p Impiowed Ille and sknlls wihl In Ihe securty of a s¢lf-5VPPQrting comrr.unty wiin Ine aim of rDo¥ing on Irom homelessness. Th8 obj￿1$ defingd In our conslilulion aro a6 lolSDWS "The alleviation and rdièl of po¥erty. hartlship and d151r8ss arisirg therefrom to those in need wrthout &sknnElion by- 1. The provision of accommodahon Dr as>stance Ir. such provislon for tho poor and horne1e68 In the Leeds area and 5UCn Other places as way seem ap￿opriate liom time to bme. 2. The provis.on ol e(lucaiiW.. Iraining aryd ernployrneni training for such WlSDn5 Wth the wrp08o ol developiry Skills lo en•ble Inem lo 98in employrrwt. 3. The support ot Ine wort 01 Olher Emmaus commonrtie5 or 0lneT agenc￿$ In tte relief ol kK)verly and horpele5sress whetner In lh• Uniled Ki￿*yOM or 4sewnere In ine wtsrld and In parliGular 'wlhoui Iimitalionl by the exthange of resource$. Information and expertise Other Emmau6 communitie5 workywide. 4. Th& fullilling ot other purposes as may fro￿. lime ￿ line be recogni$ed by En9159h Law 05 being Charitab￿ which If* Charity shall ￿"m8 lo time delerrn.'re" Wnen reV￿￿1r￿j our 8¥ns owbves and in p18rning our fLrture activities. the Trustees have complied w th the duty In SecliDn 17 01 the Chailts￿ Act 2011 tc have due regard lo public tsenelit gu',dan¢e published by tho Charit￿$ Corrmisgor In partiC￿ar. :he Trw$lees ¢￿SIder how planned activities wll C￿InbU1e to t￿ Ains and Ol'etrJves Ihey have set. Th8 Trustees have pa￿ due regard lo guid8nc* ¢S8U￿ by Ihe Ch8niie$ Commi$gion In deciding what auivilies and Chanty ShoL￿d undertèko. AchiÈv•m*nts and p•rformance October 2023 marks th& 20f. Annivefswy Ot Ihe Erimaus Leeds CorrmLnily opening for business and l am pleased to rEPOrt Emrnaus Leed5 Is In gc(M1 be811h as a Cornmunily and an Enter￿lse The year Ic 30 June 2023 has seen a numt*r ol p%itive develop￿￿1$ both in the tradirng operations and the run*ing olthe CoTmun.ty. Throughout the pastyear Em￿laUS Leeds has tr,elped 47 previou5ty hotnele5s people by providing Ihem with 5JPPOrt. accommocation and a Durpose ty Invibrg lil effl lo becorne Coff panions of tho Emmaus Leeds commur, ly. We have had a 51gnificar.ly greater tumover cf comp3Plgn5 In part 35 3 Oel3yed consequence of Ihe l0crf(kY￿ perio¥Js and. i? part a reflection DI ..he greèiar challenges facing Cotnpanions referre(J to us. 01 tre 14 Indi￿dda[S Ytho lel us Ouong ihe year, 10 ￿0Ve￿ on 10 olher accomffjottalion and 4 Into full-lime empk>yrrept There have been 9 diverenl training courses offered lo Companion5 and a total of 43 atten(Jed those courses as o, the time ol writhffj. Enmaus Laeds IA Cornpany Limited By Guaranleel Trustees, Report Iincluding Diredors. Report) For year ended 30 June 2023 Achlevements and performance Icontinu¢d ThroL9houl the year covered by these accoun15. occupanw has averaged 86% ofrAJravailaoi& rooms. A5 of the b.me of ￿rtIng that fyure Is 79%. We have 4 Companions havo ￿1￿ Ihe posilicffj ol Companion Assistant They take responsibiliiy for the secJrity ol the buildiNJ 6a¢h evening and al weekwQ5. We 81so have a weekly meet ng for Companions to exchange wews. Ideas atid ir.lorTn8iior As as on Dur ¢vm account we have wr¥ked wlh other Ernrnaus Communit￿9 and wilh Ernrnaus UK. We have also sel up a Solidarty Committee wlh "ewesenlalives f.'om Ihe Companions membors ol Slalf and tre Boarol of TFusiees wh th las tyeer aore io kelp several local char1tes. Including oiner homeless Charit*s. Our rnove on properties have been occupiea Ihrou9hout the year and prov*J Iheir worth In assisbng CompanKins ￿0Ve low8rds indep￿d￿re. The Trustees ¥iew ihe provision of move on assistancè as a key 51ialegy lor Emmaus Leeds going fTrMaré anLI. subsequent to the year enLI. a furthèr single oG-upancy property bas been acqbirefj The trad￿n9 oper01￿n5 ol the CommuThty bave been p8rtioJlarfy stror¥J aunng the year wlh Income exceedirYJ the L500,000 levd for ihe filsi time ar,d a $19nifiwt trading Sufrlus afisng Whi15t this 15 lo yome exient. a fUnCt￿)n of the C￿￿ent cosi o! living cn515 It also reflects the efforts ol bDlh Ihe $:aV ncj companitsns the Trustees woula like to lthe Ihi$ 0p[￿u￿11Y lo than* them. Fundr•l$lng actl¥hl We strive ',0 achieve Ine iigwt IL"ndr8ising s'.8ndards and we value our sJpportNe Idndeis We are ¥i#ying up io awe win aeveiopmerig In cnariiy reguiauon aaia protect￿Tr ana Ihe PunUra151ng Pielerence se￿ICe IFPSI with Ilie help ofEmmaus UK to en$ura we ale le9ally cofflplianl and adhwing lo all guideliney No cwplain13 hwe l)een recewea thiiry Ihe year Ir. conneciien with funOr8ising. Flnancial Revl¢w The siaiemen.. ol Financial ActMlrC$ shows Total IncoTre forlhe year 01£875,9e212022 £7￿ 3931 and Surplus ol £99 93312022 Delioi £?4 3c41. The most theasing feature of lttese resulls IS the lawel of Traoing Incomè which was F8% ahewj ol the pror year As Wilh mos: bu51n8$ses costs Pave been Increasing. pa.rticul3rfy with regards 10 Uiilibes aw Food but Ihese Pave been well controled rèsulting In the sUr￿Lts rècordèd. Dunng the year the mair slore ha5 performed s',:ongly and beEn bdslered by Intemel sales and House C￿arance iicome. The dec1510n 5*85 tak￿ to dose our second outlet In Leeds markei during t￿.e yéar bu: Ihi$ nao no advtrse Impau on the overall Ira¢Yiro ￿ve1$. The Nel Assels stood In total at E1.562. 158 on 30 J￿e 20231202 £1.462.2251. Ernmaus Leeds is In sound financial po$rt￿ry and Il o%wns rts freehol(J property In Sl s Street. an¢ It has no significant borrowng5. Prfncipal Fundln9 Sources The lolal income for the year was £875.962. Ent8rpr158 Income forni￿ the rnaiorty of tIHs at £519,054 159.191 ¥Wile Q36.049127PAI was Hcu%rg Benefit. The remaind¥of ow wasmade up of grants. donations and investment income. Ernmaus Leeds IA Coln￿nY Limrted B y Guarantee) Trusiee5' Re￿rt Iincluding Dire£#ors' Rep(￿1 For the year ended 30 June 2023 Resetves Pollcy Our reseTrÈs pohcy Is rewewed each year. Our wlicy is lo 4pproxim*ely £1fjo,(￿ to cover bus.n86s Interruption or exceptional premises maintenance Costs. This rep'esenis our best esbtnale of three monirys. Current operabng costs and Iikdy ￿ntenance expenditure We feel It prud&n', to add £40.000 10 that SLtrn for exceplK)nal windin*w cO￿S is shown a5 3 designated reserwe The tree cash reservès ofthe Charity a* 30 June 2023 were £339 894whith exceed the reserves policy figures The Trusloes are cunenly reviwng this possib￿ Investment Induding various capital projects ancl cther rtems of revenfft expEndittJre in wth Ino main ot4eclJves cf the Cttarily. Volunteers Unlortunal&ly our voluni8er numb¥s have fallen sirre ￿$1 rerM)rt due to death 8nd Illness. In PilrticuK4f. we wruld like to remember Peter Tal￿.. who 98￿ years o. service as a volunteef n the Communrty bul unfortunat&ty passed away Ihis yeai. We had a:elal Df 6 Ind1¥A¢￿al5 volunteer in the year lo 30 June 2023. They gave a toi3101 2.548 hours of t*ir ;Ime The Trustees, as ever are Immensely giaieful for ;he.r Iirne. commiimwi an(J treir oveiall co*tnwtion to the SUC￿$$ ol Ihe Charrty. Ri8k management The Tru51ees have out assessments of the ChBrity'5 actrii'.ies. opportunrties availatsle to il ar.a the risks 10 which Il Is exposed. These risks are Mjenlified In Ihe risk ￿gIster. fne Trusiees have Cons￿ere# i.ieii resron$ib",Iibes unde.. leg151aii¢N) Including treallh and safety. employmeyi law ancl safeguaiding. Systems and p'oceoJre5 have oeen IMpl￿ente0 lo manage &pecifTc r￿Sk& that have been ittentif..e¢. Induding Irainiw for 911 approyiaie ptsrsons as neces8wy. The Trustees are speufirally reviewing tha Iikety Impatt ol dimale thange on our future operalior Plan¥ for the lulure The Trustees have an anpu81 $lraiew day. alongside key étr.r4oyees The lopcs of tradiry reV￿ue and opFortunlli•S. T.. usiee Y￿￿te*r staff ¥vellare and recruiimeni and felention 8$ appiopnaie., aiid local and ¢?ntral govemrneni wlioes are stana￿9 Items Tw$'.ees ala also ky)king lo build on the sJcces5 01 their'move-on nous•" yojed wV.h a purchase perhaps of fvth1her properties If appropriaie. Trusioes gre also looking at wcp8rty m8fftlenanc* 18sues and the vthlKle fie* we run as ￿11 as it5 enviror.rnentBI Impact. In the longer term the Trustees wll continue to knok to addre¥8 its kty aim of ubliziry the Emmav5 model In prov.'ding A roult out of homelessness In Leeds. whilst tr￿nn9 the strong ¢Qfnmuni'.y already buill up is not al r15k. TP.Is TrMII Invdve the aD￿lca￿On of any hjlure surplus funds to projects fneelirg th85e aims. Structur¥, gover4)ance and managem•nt Governlng Document The Charity Is 8￿MpanY Iimrted tyguaranlee. Incorroraled 9June 1939 and re9lStered as a charity The Company ¥YdS establishe¢ under a Mem￿andU￿ of A$s(Ew1￿ whith eslaLli$hes the objects ane powsrs of ttre charitable ￿mpa￿Y anLI Is goverre¢ under Ils Artide5 of AssoGalion. The members of the company guara.Ilee to ¢¢y)tribule £1 each In Ihe event of a wnding up. Con5trtution Under the requirement of the Memoranthjm and Ajtides of A5sooation the Truytee$ are elected to 5eN,ce for a period ol three years anei %thich they musl be revele¢ied al the nexl knnual General Meeting. Emmaus Leeds A Cornpany L mited By Guaranleel Trustee5 Report IiTK4udin9 thredors. Ryrt) the year eNled 30 JL￿e 2023 Recrultment ol Trusteeu Three new Trustees have been recruited since the last re￿r and have taken an active rDfe in the governgnce of Ernm￿s Leeds As rewrted In the 13*. report Glenn M'.Iler retirecl as Chairman In Sepiernber 2022 but remairÈd as a Trustee He is"elinn9 as a Trustee a Ihe December Board meeting and the 8oard of Trust￿ would like to thank hin for his masswe contribubon lor over 15 years. Ttr.e Board reuuits Dew Trustees Ilro￿h a number of routes h)cluding P&TSonal relationship or recommendabon. through GovernTneil ager.cy REACH and pnvate agefKies If requiw ￿1 are required to be lawiliarwth and comrnitted lo the work ol Emmaus Leeds and ￿teNe an Induction pack prepared and updated by Emmaus UK detailing bcth ltye gbbal and IcGql aspects of the ChsFity's work as w811 as dear 9￿dance a5 Ic the responsiixlilies ol a Trusiee. This s ￿rgelY based on the Clanlie5 Comrnissitin pubk'caiion 'The Es5er,Iial Trustee. TPweafter opportunitses are offered lor Tfusiees 10 engage in specific aspects of relevantirainir¥J and v.$,Is lo other ccthmunities lo experien￿$ and ideas. Organlsliional Structu The 8oafd of TiusieÈ5 neets quanerfy lo review actwrty and is fespwsl￿0 for determining required governance ano lh& selling ol sliategy. The Trustee$ also annual strategy discus510ns to sei the ILrture progfarnmo for Emmau5 Leeas. The Genèral Manager Is charyed wtb the irnplementaiion or policy a5 direcioa by the BoaFd. Ihrou9h stamand vdun'.eers The Communty Leader and 5UPPOrt leam are tocused on Companion iecrurtment wellbèing ana onward ¢ryre$sion. The General Manager Is re5PDnsible for.he bU1￿1n5. Ihe bvgnes$ onathe SUFPOrted by 8 tearn ol manag8rs coveiir,9 a8Ch ol the58 areas There are curreNiy three sL&committ8es ol the Board Fin8Ye and 8usine58 Human Resources. and Propoty. Managoment Stru¢tur8 In %epieniber 2023 the CEO. D￿81￿ Forresier ￿(re¢ as CEO of Emmaus Leed5 after 6 yea18 in the role. The stron9 po&lion w• find tsjiselves in 81 Ihe moment Is prmarily dtse to the 5t8bllitY Lyealeo by Oonald dbring hi$ ieF)ure. Glna Ma'nson, Ihe Genèr¥1 Manager. has.aken over the ¢)veraU reswnsibiliry foi tbe fxganisalion and the managemeni * .e8m w88 restruciure¥ '.0 -re* a stc0￿j trer of manugers reponin9 to her. rnè cornrnLnity Is manwJed by the Commuiily Manager and the bJ$inès$ Side Is mana9pd by a Finance and Building8 Manager and a Rel*1 and Operations Managw. There are ewrenlly 12 members ol staff This tr8nsilion wa5 planned in and rt 13 to ts¢ttt Gina and Dcfia&J'S ryedrt that It hgs woceeded 5rn001hly. Tle pay of the $18ft Is reviewed ￿UauY and nomially Increaserf In line ￿th Inflation. Ajso Il Is reviewed th referenco lo rnanagemeii respon&bilities. Remuielaiion is berTrch-markea wth charrties of similar size and acbvilies, and the Other Ery)Tnaus COMMUn￿e5. Th's aim5 to ensbre thai the remunoralion sei Is fair and not out o* line wlh thai generally pai¢.iy similar rde5. Extornal Rel•tlonshlp• Emryiaus Leeds 1$ one 01 33 Errmaus Commurlties and Grovps wthn the UK which form UK Federation a5 part ol Ibe InteFnaiK>nal ErTrmau5 Movement. Emmaus UK tyowile5 valuable support In the form ol national represental.'on rt E a cu5tcdiar of good pr￿tICe fundr81sirg and guidan particularly for emer9ing groups. L￿allY Etnmaus Leeos wrk5 wlh a ran9e ol referral a9encies and chariiies which arÈ also epgaged ir tr.e prov151￿ of support for the homeless 35 %vell as.he Fumilure Reuse Group whicn WOlK5 to ennance Ihis aspect of envwMTrert.al Impact Emmaus Leeds IA CLKnpany Limited By Gu8ranteel TfUStees' Report (including Direclor5' Reporti For the yoar ended 30 June 2023 Statwnenl of Tru5t985' R￿PonSIbIl[lI Th8 Trustees. whD we also directots of Emrnau5 Leeds for Ihe purposes of Company Law. a resrx)nslb￿ for preparin9 th& Trnsl88s' Reporl anrl tho fmanckal s¢atfjwnents ￿ accorda1￿8 with appl￿ble Jaw and United ￿ngdorn A(wunbng Standards IUK Genarally Accepted Accounting Practice). Company Law requires th8 TTU51ees to Pfepare financial 5tatemevts for each finan¢01 ￿ar which gl Iruo and fair vsew of the stste of 8ff8ws ol the Charity and incomiThJ resources and applicath)n of resources. Incluttiw IhE iTKom8 arky expendituty of lh8 charitable company for that y8ar. In pr8paring these finardal slatemfrrns the Truste95 are wuired lo.. Select ￿lIable account￿9 PDlie48s and then apply them fX)nS￿l8ntty Obse￿6 Ihe rneihods aNJ wirK4ples in the Charrties SORP. Make judgemènts and estyrnates that are reasoMbl8 and prudent. and Prepare the financial 51ateffjenls on the going concem b851s unless it is inappropriato lo resume that the Chadty wll continue In opera11￿. ALTrditor In accordance wilh the company's aMic18s. a resolution (KoposiTrJ Brown 8utlw bè re-appointèd 85 auditor of the Company will bg approvod al thg Annual Genoral Meeting. DlscSo•ur• of Inlomiation ¢0 th• •uditor The Board ol Trustees who are Dlrtetors for lh8 piJrw)s8 ol company law 8n¢ Trusiees lor th& purpr)58 of ch8rily law, who stsrv8(J during ihe year and up to tho date ol Ihis rèport. are s81 out in thv Charity 1nforniab.on sedion ol thls ¥eFQrt In accordanc• wlh company law. a$ Iho Cory>any'5 Directors, wa cortify th81 So 18r as we aro 8warts. thore 1$ no relevant kntomaiion otwnich the (x)rnpany'5 8udrfor5 arg unawaro As Ihe dlrectL¥S of Ihe Cl￿panY ￿ lsava takon all thÈ sleps Ih8t we ought lo have taken in order to rnakc oursclve5 aware of any relevanl audit in1￿Mal￿n to establish that tho charty's audSlor8 are aware of Ih8t Inlorrn8tK*n. The Trustees are r•Sp￿SIble ke&ping •dequ8t& 8¢counting records Ihat 4Ji5do$e wSth ra850nable accuracy at any tho financial posillon ol the Charity and enaNe thom to ensu￿ thot th8 finarnJal siat6m8nis comply thlh Ihe Companios Act 2006. They s￿ also respon￿ble lor safeguarding the a6sel$ of the Cheity and hence for taking reasonable $teps fLY the ptyvenlion and deloctson ol traud and other krngulanttes. Small Comp•ny Rul•* Thi5 report has be￿ preparad In accordan￿ wth the special prow$lons relaling to small companle5 within Part 15 of Ihe C(¥npan￿$ Act 2006. The Truslees. Rewrt was a￿rOVed by the eoard of Trustees. Mr J Ustor Chair of Tru$t•os Dated: 6 Oecember 2023 Emm2us Lee(Is IA Company LirDrted By Guarantee) Indepervjent ALKSitor'5 Report to the MÈmbers of Emm4us Leeds We have audiied tie fina￿181 statements of Emrnaus Le&as IthÈ'Chari'.y I for the year en(kd 30 JurE 023 ￿1th cllmpr15e Ihe Stat￿ent of fjnanctal activities, the balance sheel. the staternent of G8SP, ows and the notes to the finarcial stalemenls. Indullirg a summary of signifit2nt acwntin9 poli¢ie5. The financial reporting fr2mew¢rkth* ha5 beep. applied ntheir preparatson Is a￿￿1¢O￿le law ar.d Unrted Kingdom Accour,ting Slan(Jard5, Induoing F..n8nual ReporDng star.aard 102 The Financial Repjrting Standafd8pplicableinlhe UKandRepublK oflielandlunrted ￿ng4W G•￿raIlY Accepted Accounbng Praclicel. In our opiiyvn, financJ815tat￿ents. give a true and lair view of the slate ol Ihe chaniatAe company's affairs as 8130 June 2023 8nd of Ils Income resources and application ol resourrks. lor Ihe yeai then ended." Mave been properly Drepared ,n accordarts ¥Mlh United Kingdom Ganeralty kn8Pted Accowling Practice. and - Mave been prepared In accordanc¢ wth th? requiremen15 Otthe Companies Ac1 20CE. Bièis for opinion We conducted our aud t In accordance w￿..h Inlemaiional Slandard5 on AudiliTrJ IUg(I IISAS IUKII and applicable law. Our responsibililies under Lf105e slanoar(Js are turther desuibed In the A￿lIOr'S reswnsitrililies for the auait of the fip.anoa statements $edLon DI obr [￿Ort We gre independent of Ihe charitable wmpany In accordwK& the ethical req￿Irements fftal are ￿want to our auoil of ltte financial sialemeni$ In the UK. Including 'he FRC'S ElttIG4 Stanoara, anol we have lulfilled our other el￿.1¢81 rE5PDnsiblilies in accordance %Mth these requirements We belI￿e tttgl the audit evidence we have obtair￿d 15 sJffic*rn 9pprow￿t• to ￿0¥*1? 8 >8svJ for cwr wnicn. Conclu810n relatln9 to 9olng ¢on¢orn In 8uarting the Iinancial sl&lemeryls, we haveconclu¢Jed that ihetru5iee5' use ofthe gryng ¢oncerr basis of 8¢covnling in the preporolion ol Ihtt fin8nc481 ¥tst¢momis ts upwopriale. Bas8tt on th8 Wolk have perlormed. ￿ have nol Identified any maien•Jl unTrrtainb'e5 rdaling lo events or condits0￿$ Ihat Individuèlly Of colkciively. may cast significanl doubt on the charlia￿e ¢ompany's apility to conbnue a$ a gory concern lor a Fenod of at lea$1 twelve months from when :he flnanaèl slaiernenis are aLrthorised for issue. Our responslbililies and tr.è r•spffisibilibes ofthe Iruslees respect10 going concèrn ai8 dèsuibed in the r81evant S￿￿10n¥ of thas report. Other Infomiatlon The Other Inlorm8'.ion compris•s the .'nfom8tiog iiduded ir Ihe Trustees. Annual Rèport other Ihar the financial sl8temen15 an# Q¥f aJd.ior s reporf '.hereon The TrL'slees are responsible for the other information. Our opinion on the finarKial stsiemenry ooes Th)1 covef the other Inforrnatson and 8xcepl to the exle?l other%wse ex￿1ClIty S￿led i) OUT wepor.. we do not expre$5 any lom) of assu.. ance condusion thereon In conneclion our audit of the finar(ial stslernents. our respon$ibilily IS to read ffte other inform?liDn and. in doing so. coils der bYhekTrr the olher Infcymalion Is ￿laterIallY Irconsistent with th& financial statements 01 our knowleage ob'.ained In the aud..t or olhew5e appears to bo rnaienally misstated If we Idenlity s￿￿ malenal irthi&s'.eraes ￿ apparefjt tnatenal m15slateTeit5 are required to deter￿IDe whelhei theie is a ma:enal mi55".alernenl in Ihe financial 51a4ement5 or a rnaterlal misstatement of Ihe other Inforffjabov I., basee on the work we have perforrned. wo conclude Ihat there Is a material mk$5taternenl of Ih s rAher informai'on we a￿ require¢ lo ￿pOrt that fau. We have nothing lo reFLVt In th'.$ ￿98rd. Continued on next page Emmau5 Leeds IA Company Limrted By Guaranteel Ir.dependen: A￿llIOr'S Report D the Membèrs of ErTbrnaJS Leeds Continued frorn preV￿u5 page Oplnions on other matters prescrfb8d by Ihe Companle5 Acl 2(M In our opinion, ba5ecl the undertaken n the course ol our avdit. the Information given In the TnJste8s' Report which Includes the directors. report prepared for the purposes o,. cornpany law. lor the fiYanc.al year for which the finanoal statement$ are prèpared is fQn51slenl wth the financial 5tat8rn*nts. aThJ - t￿ alre￿or5 report i￿lUde01 %Mthin the Trustee8 Report ha5 been prepared In acccfdance wi applicable legal requireryenis. Matters on wthl¢h we •r¢ rèquired to report ty •xcoptlon In Ihe loht ofthe knowledge unaersianding o. Ihe cnaniabiècornpany arid Ils envir￿￿ent ob18in8d In the COUfSe of the audrt. we have not Idenlified mateiial rnl55takeMen￿ In the directors, report Inclu*Ye thw the Truslees. RepDrt. We have polhing lo repon in resrecl of ttre follwiry matter5 in relati¢Ji tts %*hich th8 Companies Act 20[￿ requires us 10 repo.rt to yw Il. In our Opirmon - a#equate aTrJ proper accounlin9 reccwds have not been kept. or returns adequate fix wr aLJdit have not beert received Irom branches not vi%'.ed by us. or the financigr sralemenis we r*1 In agreement vlilh the 8c¢ounliThJ wrds 8n¢ feturn$. ci c*ain ijisclosures of truste￿, TernU.ryer81l¢￿ specified by law are not made We have noi re￿Ived all Ihe Inlorm8lion aNJ explanations we reouirè for our audit. R•spon¥lbllltle• ol Tru•t••s As exDlained more fully In ¢h* Slaiwrl￿I ol TrUEt￿8. R•sP￿#1b11rt￿S G•t out on p•9• 6 ￿tt)In th• Trusiees. Report, the Trustees 'wno are also the diiect¢ys of Ihtscharilable mmpany foi the ourFose of company lawl 8re resFW8't4e for the preparaiion gf the finanoal statements aid for b8ing satisfied thai they give a true and fair view. and sbth Internal as Iho Trustee5 determine Is nocèssary to enaDie preparation ol finD￿al staiemeNs:ha¢ are fre8 from rnaierial mis$iaiemenl, whelhef Que 10 Ir3ud Of error In preparing the finarK?al statement$. tie Tru5tee3 8￿ ￿pc￿$1bl¢ tsr assessing the Cttarrty's ability IQ coniin'Je as a 9oin9 concern disdDs1ry. 8$ 8prAicaDle. matters related to going concern and using the goin9 concern b8s15 01 ac￿nI1￿ unless the TrJ$lees elmér Intend lo Iioui¢aie thè chaiitable cornpaTIy or10 cease cperaiion5. (K have no realtsiic attern?tive but lo cb so. Audiitsr's r&5ponBlblliti¢$ Ivr the audit of the Iln•n¢lal st4tements Our obiectsves are lo obtain reasonable asWr8r￿e about whetlw the finanoal $lalernents as a whole are l*ee from material m1551al6Ynenl. whelher oue lo Irajd or error and 10 Issue an auditorfs report that Incluées our tsFNnion. Reasonable assurance ts a level of Jssurance. bui Is not a gLiara4iee Ihai an audit conducted In accordar.ce'Mlh ISAS IUKI Will a￿ayS deiea a malen81 mi551alemenl Il eKisis. Misstatements ¢a.q anse trom traLd creryor and are considered material If. Individually or in the aggregate. they cotsl(J rea5DnaLly be exped￿ to influence the ecoTr)mi¢ dE¢isiDn5 of user5 tskcn on the ba*s ol these fnanoal S1*e￿ntS. A further descnoion ol rxjr resp￿￿A￿Allyès lor the of the fipanoal statement5 Is IDca:ed on the Finarcial Reporting Council swebsite at .￿￿jaUdit0f lorms part of our auditor's report. This descriptson CDntinued on rext Pa9e Emtnaus L£8ds IA Cornpany Limited By Guar8ntptrl In(Jependent AudrtDrfs Rewt kn the PAemb8rs of Emmaus Leed$ Corrtinuèd from previ(MJs page Capability of the al￿111 in delectirKJ irregularilie8. Induding fraud Irregularrti8s, v)dudw fraud. are inslan(xs ol non-comp1￿9n¢e with laws and wu&lion8. We dèsign pr￿d￿r&S in line vAth our r8¥K)nsitrAI￿"e5, ¢Xrtlined above. to deler rnalerial mEst8tern8nts in rèspect of irregularitie5. I￿lUdIng Irdud. The key laws ar*J wulations we have tonsidered In this context nduded Ihe CcMnpani8s Act 2006. the Charrt￿$ Act 2011. pen￿On al￿ tax legi￿allon toggther ￿th the Charities SORP FRS102 IRev&8d 20191. In addilion, wa hav0 Considered prowisK)ns of other laws an¢Y regulat￿￿5 that do not hB¥• a direct 81fe¢t on the financi￿ stalernen¢s but complianc8 with which rnay be fundamental to the charilable company's atrxlity to operate or lo avohl a mat8nal penalty Tha 8Xtenl to which our procedurfrs are capatle ol del8Gts"NJ irregularits8s. ncltsth.ng fraud is del8Slbd below.. Usin9 our g8ner81 comrnerdal and soctDr exp8rlènce and Ihiough dISc￿$s13n$ wilh the trusl8es an(J other managomer¢l, we Id8nlified areas of laws and revulati￿S thai could r888onably be expect to ha￿ a mai81ial offecl on the financiol stal•ments as well as th050 arising from m&na90rn8nt'8 own a5S8bsrnenl ol the risks th81 Irregularitios rnay occur either as a rewti of fraud or ¢rror. We examined the cherit8bk cnmpany'8 rogulatory and 18981 cor￿PondenCe and discus58(J with the trustees and other managernonl any known ￿ stsspècted in¥lanc85 of Iraud or non.eompliance wllh laws and regula¢￿￿. We commurtrirAlèd kY8nlrf*d ￿w$ and re9uI8tI¢Y15 and pjlentlal fraud rlsks of ah 8ngagem8nl learn mBrnbers and rttrnalned alert to any indicatlcns ol Iraud or noTrcompliance with laws ano rt9ulations ihroughout the au¢il. In addressing tho risk of management override of conlrols, we 18sled the appropriateness ofloum81 8ntrye5. We also chalkiw 8$SUrnPtions ano its¢gèm¢m5 m8(10 by m8nagomeni in their SKJnificgnt ac¢oLsnts'ng esltmaies and iudgements. Ir8n8actKJn$ involwng thom. Wo dtseLtssed relat•d party relationships and Thgre arg Inheront limit8t￿n$ in lh• a4wJit vocedu￿S describod above and the further remove(I non- eornpliance with and rywulalions is from the avents an(1 trar￿a￿l0￿5 refle¢l•d in th8 finarjcial statornenls, the 1058 Iik$ly we would becorno aware ol it. Also. the risk of not dglecting a m8l¥rial n%55tatoment duè to fraud is h*2her Ihan thè rLsk of noi detecting one trom orror. as fraud may Involvo eliberalo con¢•8lmeNI by. for example. forgery or lnient￿)￿al rnI$represantatl￿s, IY Ihrough ee41uwon. U•¢ of our r•port ThL8 rerx)n is made solety to the Charitab￿companyS mombws. as a boty. In accordance with Chaptèr 3 01 P8rf 16 of the Compan￿5 AGt 2006. Our audrf WO￿ has boen undèrt8ken so Ihat wè might stale to Ihp ch8rilabbe cornpany 5 ffembers those tTiatters we ar? ￿qui￿ to stsle to them In an al￿110￿9 report and for no other purrx)se. To Ihe fullest extent permitted by 18w. we ¢0 not accept or ossum8 sponsibilty to anyme other than the tharilable company and the charrtable company'5 members as a body, OUT 8utht work, fo¥ th￿ repor( or for the oFxnKJns we have loimed. Linda Ccw (Senior Statutory Audttor Brown 8uller Chartered Accounlants Leigh Hw5e 28.32 Sl Paul's st￿et L8ed$ LS7 2JT . Z023 Emmau$ Leeds IA Company Lirnited 8y Guaramo•l Sietement of Finanoal ActbVf,es Induding Incoffle and Expenditure Account For the year ended 30 June 2023 unrestr￿ed Re51ncted Total 2023 Tot 2022 Notss 2023 2023 Income Irom.. Donation5 and legaoes 33.714 33,714 23,784 Chafilable actNrtie8" Gran15. fees, GDrr.rad$ Trading income Investment iricome Other Income 286.436 519.054 1.￿8 420 35.Cd)0 321.436 519054 1.35B 420 239,315 441 244 212 838 Total Income 840.982 35. 875.982 705.393 Expondlture on.. 770.049 776.049 719,697 Net Incom•ll•xpendlturel Wor• ¢ransf*rg 64.933 99.933 114 3041 Gross transfers be￿en funds 35.000 135.0001 Net incorn(tlloxpendlturg1 ond net movement In lunds 99,933 g9,933 114,3041 Fund blarKR5 at l 2022 1462,047 178 14162.225 1.478.529 Fund balance8 at 30 Jun¢ 2023 1561.980 178 1.562.158 1462.225 Tho 5tat•m?nt ol financial athvrties I￿l￿deS 819ains K)sses re￿nise0 In the year. l income and expenditure derbve from mntiiuiThJ acbviDe5. The 5tsternent of finanu81 activ￿e$ also ¢rM￿leswrtrn tn• réquirèménts for an Income *)0 8xpènditur8 xe¢unl under ihe Companies Ad 20C6. The notes on pages 12 to 24 lom part ol these financ4al s'atements. Emrnaus Leeds IA Cornpany Limrted By Guawte¢l R•9iEterÈd nurn￿r 03785564 Balance Sheet As al 30 June 2023 2023 2022 Not•$ Flx•d a•$ets Tanglble a$58ts 1.179,477 l.(X8.384 Currgnt Debtor8 Cash 8t bartk aNI in hand 25,417 379.894 40.811 382.064 405.311 422.87S Crodltorn.. amounts f•lllng du• wltt*ln ono ygar 10 122.630 129,0341 Ngt cvrrenl asMts 382,681 393,841 Net A•••ts 1,￿2.158 1,462.225 Fun£ts.. Unreslricted fu￿1$.. Gonor81 Daslgnalod Oe$ignated Capital 559.932 40.OCQ 962.048 465.778 40,0 9%.289 1,561.980 178 Restrtcted fvnds 1,482,047 178 1.562.158 1,462,225 Thg financial $￿teMents, which have b8en weparod In accordance wlth tho spgc4al wovisions relating 10 small companies wrt￿n Part 15 of Iho Companiès A¢t 20(6. We￿ approvod by the board of Tru51ges and aulhons&J for1s5ue on E Oecernber 2023 and are swjrtèd on 'ts b8h8W by. M LL8ter uslee The note5 on pages 12 to 24 fomi part of th•58 finan(ial 5ts1ements_ 10 Emmau¥ Leeds IA Company Limited By Guar8ntEel statetnent ol Cash Flows For the year en.ded 30 June 2023 2022 2022 Cash yeneratEd from operatlon8 Surplus I IDefirJll for Ilie year 99.933 114 3081 Aoiustm8nts lor Inwesimeni ineowe O&prerJalio Decrease I Ilr¢rea$o1 in debtors (Detreasel I IKiease In ¢roobiof5 11 3S81 49.983 15.394 16 4041 51,586 13 4251 5.069 57,61S 53,019 Ca8h flov4B from optratlng actl¥ltle• 157.548 38.111 Inve8ting actlvltle$ PuTchasÈ ol IèDg10le fixed assets Interest rec¥ivt 1161.0781 1.358 13.3771 212 Net ¢••h ui•d In In¥•sting a¢tlvl¢l 1159.7181 13,1851 Net Idecrea8el I In¢rea$e In ¢ash and c¥¥h equlvalent• 12.1701 35.546 Cash and cash equiv8lenis at Degirnirg of y 346518 C4¥h and rABh equlvalents al end of year 379.894 382. The cnanty no éebl durin9 Ihis ¢x Ihe prior yeai. The notes on page5 12 10 24 lorm part ol these finanoal ststements. 11 Emm8u5 Leeds IA Company Limite¥e beep. sei asid8 ar tThe diSCre￿n ol the TfUSte¢s fof specif.c purrrt)ses. purpose5 and uses of Ihe deslgnated I￿￿$ are sa out In the notes lo the finanoal staieTents Restr1¢te4 lunds are subject to speafic corydrtions by doncrs as 10 how they may be used. Th8 pwwses and use5 01 the restrthd fvnds are sei out In tho notes 10 the finanryal $lalwngnl$. In accordanet wth the Charities SORP IFRS102 remsee 20.91 h¥ed assets xquired using r851ricleo Incoming iÈsoui¢e$ are d¥S￿ried a5 Jnresliaed when Ih15 Is consisieni with Ihe5r use The designated capilal ILnds reflect the book value ol Such assets. whith will be re(lu¢ed over ble useful life of the assets in line with their depr¢uaiioA. 1.6 Income Income Is recognis￿l when the Charity is le9aUy eniitkd 10 It after 8ny pertormaneè conditic￿& have been mel. the amoJN$ can be measured reliabty. Bnd it L8 probable *at Income will be received. Cash don81 ons are recogniseo on re￿ipl. o'.w donat￿n$ are rectyni$¢¢ wce the Chafity has been notified of the dona:Icr. unless pertor￿a￿e condiiDn$ requi￿ defeFral ol IhQ affjoiIDI. Incorne lax recoverable ￿ rdation10 donathons r￿￿1¥￿￿ und8r Gift Aid is recognised al Ibe liffle ol the donallon Income fvom 900(Js dcfiaied fof sale by the ch¥ity are reco9nised at point of s*. As a re$ull of Ihts ligh volune of donated g￿￿5 received by the charity. Ihe cost of rewjnising these Ilem5 31 foir volue on re¢eipl wo.Jld wtwe￿jh the benèfii ol rècogr.i5.ng thern ￿ the finan¢ial $talemeni$, Legacies are recc8niseO on receipt or otherwse If the ChaThty ha6 been nolif1ed of an impending d151ribJlion, the Brount 1$ KntMI. receipi is expected. Ifthe amount Is not known, the legacy is I'ealed as a contirsent assel Grants, wheie enirtlement is not condibonal onlhe ¢JelNery ofa speofic perftsrmancè by charity, are iecognised when the charity becwes urK￿dI￿On¥ty enirtled 10 Ihe 9rant 1.8 Expenditure Eypep,dilure is recrwised oncs Ihorè 1$ a ￿81 or conslruclive Obliga￿.￿ to make payrnenl to third party. 11 Is p"ob8ble Ihai setyerneni wll be requ..ieo ar¢J the amwni of the obligation (an be measureo reliably Experditure Irdude5 èttnbaIa￿e VAT which be."8cover8d. Expen(Jrtvre Is clasgfied bnder Ihe fdlwtvJ adivity heaL*r,95 Charitable actNIty conprises tlY)se cost5 Incurred by charty in the deliverance of it5 activities a*d seM¢es fcr i'.5 LEnefiGaries It includes both c0515 that can be directly alkncated to such acbvrties and those rx)sts ofan Indiect natJie necessary to support them Support CQSIS Iwlude IPose costs which carin￿l be direcuy attributed 10 a particJ18r heading. and Include Ihe governawe cosis al the charty. Tnese are alkncsted lo the relevafji activity based an usage and Slaff brne as5cu*d vrfth eath acbvty. Emmaus Leeds IA Company Limii¢d By Guarantee) Notes to the Finawial Statemerts For the year ended 30 Jurie 2023 Accountlng pol1c￿$. tonllnuÈd 1.7 Tangible flxed assets Tangible Iixed assets are I￿￿￿lY meawieLI at cost and subsequendy measwed at cost or Valuation. nel ol depieoation and any irnpairment losses_ Deprecialiot) Is recognisea so as tOWTI'.e ottihe cosl orvaluation of assets lesstlEir res￿￿81 value5 over their uselul Iiv&s on the lollwng bases Freehdd buildings Fixtures and ftttings Cornputer5 Motor vehrles 2% slrasht line 33% s'.ra.'9ht line 13% s'J819ht line 25% Slraigm Iir Frtehokl land Is not depreciated The gain or los$ ariS1ry on Ihe dispos* ol an asset Is deiennined as differeKe between the $018 proceeds ané Ihe cairying value of the asset. and is recognised In nei Inccthellexpendilurei for wear. 1.8 Impalm)•nt of flxfrd assets Al each reportiro end dale lh8 Chanty wews the rarrying arnow15 of its tangl￿e 8ssets lo detemiine wW+hèr Ih•ra Is aw Indrabon Ihai lTrose assels have suftered an Impaifmeni10s6 If any such in4ica'.i¢)n exists. the iecoveraye arncup.i o., the asset 15 eslirnated In ordw lo delermi Iho extont of the impainr.ent105s lif any). 1.9 Co•h •nd ¢••h •gulv•l•nt• Cash ana cash equivalen15 IrKludO ea$h In hand de￿$118 held at ￿11 ￿1￿ tyanks. other $hort-term IiqL'd nvesimen'.$ with originAI malurit*s of tr,",ee months ty less. ard ev•rdrafts Bank overdraly are 5nown within borrowngs In curienl lthil ties. 1.10Flnon¢lo1 Instruments Th¢ Charity plerted lo zppty the yowsicffi5 01 Seuiw 11 'Basic FMaT￿la1 InslrLJrnenls' gnd Section 12 '01her Finar.cial Inslrumen',$ Issues. c4 FRS 102 10 all of rts inslrumanls. 88slc fin8nci818ssets Bas,c financial as5e15 which incjude debtois and cash apd bank b318nces, are Initi8lly rneasured at Iransaclicn price IndL*liro Iraqsxiion costs ard afe subseoJer.tly carfieJ al amortised CDSt In9 the effective Inleresl ￿11￿)4 dnles5 Ihe arrwgemenl constslutes a financing Iransadion, where t￿tranSaCtIon Is measured al Ihe p'esentvalueollhe lulure re￿Ipt$dIs£ounte0 ai a market rate of Interest. Finanual as5els cla5sithed as ieceivabie w1￿1n one yet>1 are rK)l amortised. Imp•lrm•n¢ olfin4nci•l as59ts Financial assets are assessed lor lnalcalo￿ ol iry.pa rm￿1 a., each reporting dale. Financial assets are Irnpaired wh6re'.*ere Is olethve ey￿enCe I￿al a5 a resull of one or rn￿e evenls Ihal occurr8d after the Initsal re¢￿￿￿On of me fmanc.:J asseL the esbmatea fvrtuTr cash nave beon affeLted. Ifan a$srf Is irnpaired. the Impaimienl k)ss Ks the diffe",enc8 betéleen lh8 carrying amount and I present valLe of the e5tirnated cash flow5 drscounted at the asw.'s original effecDve Interest rate. The ImpairmÈnt1055 1$ recogniwj Iri net IncorrEllexpendilbrel for the year. If there 18 a deuease in Ihe Impaiment loss arisiryJ Irom an eveni ttcumng after tne Impairment was re￿nIsed. the ImrAirment IS reverseo. Tle mersal 1$ such Ihai the Cu￿nt carry'ryg 8mount doE5 not exceed what the carryiv J awunt woulLI have beeg had itnpaiiTent ty)t previously been ￿cOgnised. The impairment ￿versal ts recognised in net I￿re1{eX[￿nditUrej foi the year. 14 Emmaus Leeds IA Cgfflpany LiTnited By Guardnteel Notes to Ihe Finan¢01 Statements For the year eided 30 Jure 2023 Accountin9 pollcies- ¢ontlnued DeretO9nitlott of finantlal assots Financial a$seis are derecogn15e¢ o.-ty whenthe cow.ractual rHJhtsto the cash flows from the a55et expire or are settled. or when the Cnarily trans+ers the hnar￿4al as$ei antl substant ally all the.isks and rewards of ownership lo another en)ty. or I some significanl nsks and re4vards of rmnership are retained bul con¥d of the asset ha$'.ran$ferred 10 arK):hei paTty tnai 15 atyie to sell the a5sel In 118 entsrety io an unrebied".hird party. Ba51¢ finonci*pI li4bslitS•S Basic financial Iiabililies. Induding crethteis anc bath loans are Inilially rewni$ea at transaction price vnloss Ine arrangemeri cwstiithes a fin8￿Ing transaction. where the debt In5trurrcnl 15 measured al Ihe p￿Sent value of the lulure payrY8pis thscounled 31 a market rale of intere51 Fina￿￿1 l ab4ilie5 dasylied as payable Yalhin one yew are ￿ am0[￿se￿ O•bl Msirumenis are subsequènty carried at amonised cost using the effective Interest rale methcé. Trade creditors are O￿lgalIc￿5to pay lor gocpjs or s8fyicesihat have teen a¢quiied Iii the oidinary ourse o, operaiions Irom supplier$ Amounts payaue are dassified as cur"eni1i*ililies If payment Is ¢Jue wthin one year or ￿s5 If not they are presented as non.curren: Iiatslilies. Tfaae creaiiors re r8cr)gnised Inilialty at traisaciiw pri(* ar¥J $L*5equenly ￿￿￿red al arnortlsed cost U51ro the effective ifflere$l meihod. Derecognltlon of fln•n¢lo111oblllUes Financial Iiabililles are derecowised when tho Chanty's contractual Obli9at.,ons exprè or are dischoiged or caneti￿d. 1.11 T•xatlon Ewnwaus Leeds is & rtgislered ch8r.ty and85 5UC* 15 a tharty within the me8ning of schedule 8 of the Finance Act 2010. Accordingty the Chatdiy Is polenl'ally enlilled lo 141X exernption uii Notes to the Financial Statement5 For the year ￿￿Ed 30 June 2023 11 Funds CurTvni year 8alwce at 1 JJY 2022 IncDme Balance at Transfers 30 June 2023 EX￿ortUre Unrestri¢i¢d lunds.. General lur.ds D&sigp,aied lun¢ Desigpaled caprtal funds - Sl Klary s Street IT i Cybenill - moVe￿n xcomMod81￿n 46S.778 840.982 40.f 1776.0491 29.221 559.922 40.000 9)5.798 1.767 48 704 128.7981 17541 33.331 879.000 1.013 82,035 To￿1 unwslnded lunos 1462.047 840.Sfj2 1776.0491 35,0ts) 1 561,980 R•s1￿Cted lunds: [m￿8U$ UK Cvpiial purchases . Other rEslllCted lunds 135.0001 178 178 TobAI resirKteil lunds 178 135,OCQI 178 Total funds 1 462.225 875.982 1776.0491 1,562.158 Re8trlcted lunds.. The chaiily has received restricred grart lunding In Ihe year frrm Emmaus FouThJabon of £25.OC(J for the wrthase of a property (r￿le 81 De8ignatod lund•'. The openin9 de51gnateo fund cl £40 Cm had been ¢ksignate¢ to ertab￿ an ordemy dosure of the chadty Il owralions eve. needed to cease Oesignated caytal lurKI8 iefiett the net book value ol asset$ acqk*red I￿￿￿9h reslri¢ted caixtal funding. 21 Emrnau8 Leeds IA Company Limited By Guarantee) Note5 to the Finanual Staternv,Ils For Ihe year e￿Ie￿ 30 June 2023 12 Funds. contsnuèd Balance at Exper.drture Transfers 30 June 2022 Prlor ye•r Balance at 1 JLIY 2021 Irccffje Unre8trlct•d lund¥'. General lunds De51gnated fund Desi9ndted capilal funds .Si Mary s Street -Move-on at￿lDMOdatl0n -IT I Cybertill 485 778 40,0 447 947 40 Q)0 1717.9201 32,313 932.598 5.858 .126 126 8001 14 0911 11,4221 905,798 1 767 48.704 Tot81 unrestiicted lunds 1.47e,529 703.438 17179201 1 462,a47 R￿trIcted lund*'. Emmaus UK Capiial purtha$e$ - Othe.. restr,aed funds 1.955 {1.7771 178 Total iestncted luTrols 1.955 11 7771 178 Tot•l funds 1476.529 705.393 1719.6971 1,462.225 Emmaus Leeds IA Company Llmlted By Guarantee) Notes lo the Financial Statements For the year Ended 30 June 2023 12 Analy818 of net assets bet4b*¢n lund$ Unrestncted nds Restrthd funds Total Current year Tangible assets Oe51gna'.ea cgrNtal funds. - Move-on accommodati IT I CyberDII - St Mary s Slreel Gener81 Funds Troininy Courses 82.035 1.013 879.CrfXJ 21 7,251 82.035 1.013 879.LY)O 217.251 178 178 1.179,299 382 681 178 1,179477 382,681 Net cunenl as881S 111l8ty1￿'e$l 1.561.980 178 1,562,158 Prfor yo•r Tangl￿￿ asyts Desi9naied capital tsnd5 - accommodaii IT I CyWbH - St Mary's Streel General Funds Training Cou16e5 48.704 1.767 .796 112.115 48.7N 1 761 905,798 112.115 178 178 1.C68 384 393.e63 178 1.1)68.562 393.883 Net current assels I Iligbilitl8sI 178 1428.225 13 Operatlng lease ¢ornmiim¢nt¥ At Ihe rcporting eryj dale the Chanty had £nil ￿tsland￿vj comrnitrnenls for future minirnum lease payments under Th)woncdIa￿¢ cpe'.ating lease$ 14 Re￿Ied party transactions Remungration of kvy man•gement pernonnel Tne (emuneralion of Key managernenl Fer50MpI IS as f(Alows. 2023 2022 Total employee beneffts 93.￿7 70.783 None of the Trustees .'ecwved any remweraliw ￿ Denefrts dvnng the year12022. nope). There were no other relateo party transacti￿$ In this or the prior year 23 Emrnaus Leeds IA Company Limited By Guarante¢l Notes to the Fifjanoal Slatetnent5 For the year ended 30 June 2023 15 C4pltal commitments Adeosion tèrten by 44e Board pre year end ro acquire a pro￿rtY ar.d an ?fferw85 acr£ptad In June 2023 The legal compIeL1￿ Jf the pioperty look p051 Ye￿ eDd 01 21 Seotember 2023 when the piopety was acquired for a purchase pncfj 01 £75.LYXI. 24 **Audit Highlights Report for the year ended 30 June 2023 Date of issue: 20 November 2023** Year ended 30 June 2023 Emmaus Leeds Audit Highlights Report ## **CONTENTS AND INTRODUCTION** The contacts at Brown Butler in connection with this report are: **CONTENTS** with this report are: **Linda Cooper 1** AUDIT SCOPE AND OBJECTIVES Audit Director Tel: 0113 394 0743 **2** AUDIT OPINION lindacooper@brownbutler.com **3** MANAGEMENT LETTER **Zoe Fildes 4** SIGNIFICANT AUDIT RISKS AND OTHER PARTICULAR Audit Manager AREAS OF AUDIT FOCUS Tel: 0113 394 0708 zoefildes@brownbutler.com **APPENDICES A1** MATERIAL MISSTATEMENTS **A2** UNCORRECTED MISSTATEMENTS **A3** AUDIT ADJUSTMENTS **A4** INDEPENDENCE **A5** MATERIALITY **A6** DRAFT REPRESENTATION LETTER We present our report to the directors of Emmaus Leeds which details the key findings arising from the audit that we believe will be relevant as required by International Standard on Auditing (UK) 260. It forms a key part of our communication strategy with you, a strategy which is designed to promote effective two-way communication throughout the audit process. Its content has been discussed with management. The appendices also include other important information that we are required to communicate to those charged with governance. As auditors we are responsible for performing our audit in accordance with International Standards on Auditing (UK) which are directed towards forming and expressing an opinion on the financial statements that have been prepared by management with the oversight of those charged with governance. The audit of the financial statements does not relieve management nor those charged with governance of their responsibilities for the preparation of the financial statements. As the purpose of the audit is for us to express an opinion on the financial statements, you will appreciate that our audit cannot necessarily be expected to disclose all matters that may be of interest to you and, as a result, the matters reported may not be the only ones which exist. As part of our work, we considered internal control relevant to the preparation of the financial statements such that we were able to design appropriate audit procedures. This work was not for the purpose of expressing an opinion on the effectiveness of internal control. The matters raised in our report, prepared in connection with the audit, are those we believe should be brought to your attention. They do not purport to be a complete record of all matters arising. This report is prepared solely for the use of the Emmaus Leeds and may not be quoted nor copied without our prior written consent. No responsibility to any third party is accepted. 2 Year ended 30 June 2023 Emmaus Leeds Audit Highlights Report ## **1. AUDIT SCOPE AND OBJECTIVES** The scope of our work as agreed in our engagement letter dated 20 July 2021 is to carry out an audit in accordance with International Standards on Auditing (UK), and to provide assistance in preparing the financial statements in appropriate statutory format. Emmaus Leeds is required to prepare financial statements for the year ended 30 June 2023. The charity prepares its financial statements in accordance with Charities SORP applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. ## **Our audit scope covers an audit in accordance with International Standards on Auditing (UK) of the statutory financial statements, to form an opinion on whether:** - **1** The financial statements give a true and fair view of the state of the charities affairs as at 30 June 2023 and surplus for the year then ended. - **2** The financial statements have been properly prepared in accordance with Charities SORP and UK and Republic of Ireland (FRS 102). - **3** The financial statements have been prepared in accordance with Companies Act 2006. - **4** The information given in the Trustees’ Report is consistent with the financial statements. - We are required to make a positive statement that there are no material uncertainties giving rise to the - **5** charity not being a going concern for a period of at least twelve months from the date of approval of the financial statements. - **6** - We give an assessment of the capability of the audit in detecting irregularities, including fraud. ## **The legislation under which we report also requires us to consider by exception whether:** - **1** Adequate accounting records have not been kept by the charity, or returns adequate for our audit have not been received from branches not visited by us. - **2** The charity’s financial statements are not in agreement with the accounting records and returns. - **3** Certain disclosures of trustees’ remuneration specified by law are not made. - **4** We have not received all the information and explanations we require for an audit. 3 Year ended 30 June 2023 Emmaus Leeds Audit Highlights Report ## **2. AUDIT OPINION** **We have substantially completed our audit work in respect of the financial statements for the year ended 30 June 2023 and anticipate issuing an unqualified opinion on the financial statements.** ## **Summary of outcomes** - We have completed our audit procedures in accordance with the planned scope and our objectives have been achieved. - There were no significant changes to our planned audit approach nor were any restrictions placed on our work. - No additional significant audit risks were identified during the course of our audit procedures subsequent to our audit planning report to you. We report our findings in the key areas we previously identified in section 4 of our report. ## **Outstanding matters** The following matters are outstanding at the date of this report. **1** Final assessment of subsequent events to date of approval of financial statements. - **2** Final assessment of going concern to the date of approval of financial statements, reflecting any post year end developments. - **3** Management representation letter, draft as attached in Appendix A6, to be approved and signed. - **4** Formal approval and signature of the financial statements on behalf of the board, and our subsequent formal approval and signature of our audit report. 4 Year ended 30 June 2023 Emmaus Leeds Audit Highlights Report ## **3. MANAGEMENT LETTER** We are required to report to you, in writing, significant deficiencies in internal control that we have identified during the audit. These matters are limited to those which we have concluded are of sufficient importance to merit being reported to you. As the purpose of the audit is for us to express an opinion on the charities financial statements, you will appreciate that our audit cannot necessarily be expected to disclose all matters that may be of interest to you and, as a result, the matters reported may not be the only ones which exist. As part of our work, we considered internal control relevant to the preparation of the financial statements such that we were able to design appropriate audit procedures. This work was not for the purpose of expressing an opinion on the effectiveness of internal control. We have noted the following minor deficiencies in internal controls, which addressing would strengthen the charities controls 1. Reconciliation of eBay Sales The audit identified a gap in the reconciling of eBay sales reports with corresponding bank receipts, which could result in a significant risk of misstatement. It is recommended a monthly, at minimum, reconciliation is performed between eBay sales reports, QuickBooks and bank receipts to resolve the risk of misstated financial statements. Where we have identified minor accounting or calculation errors, we have discussed these with your finance team and have made reference to them in section 4, but do not consider there to be any matters of sufficient importance to specifically bring these to your attention. 5 Year ended 30 June 2023 Emmaus Leeds Audit Highlights Report ## **4. SIGNIFICANT AUDIT RISKS AND OTHER PARTICULAR AREAS OF AUDIT FOCUS** The significant risks and other particular areas of audit focus identified at the planning stage of the audit, as communicated to you in our ‘Audit Approach’ letter of 27[th] September 2023, are set our below together with an overview of the work undertaken and audit outcome. No additional risks have been identified through our audit procedures. |RISK AND AREA OF WORK|WORK UNDERTAKEN AND CONCLUSIONS REACHED| |---|---| |**Management override of controls**|The ISAs presume that a risk of management override of controls is| ||present in all entities.| ||We respond to this risk by reviewing and testing the appropriateness| ||of journal entries recorded in the nominal ledger and other| ||adjustments made in the preparation of the financial statements,| ||reviewing accounting estimates for possible bias and where| ||necessary obtaining an understanding of the business rationale of| ||significant transactions outside the normal course of the business.| ||We identified no issues in the course of our work which suggest the| ||inappropriate management override of controls.| |**Revenue recognition**|The correct recognition of income in line with FR102 was considered| ||in detail.| ||Our testing of income included detailed transactional testing of a| ||sample of sales, fees and donation with comparison of income and| ||assessment of sales completeness. We also reviewed cut-off around| ||the year end and the recoverability of trade debtors. Grant income| ||had increased in the current year due to a grant received to purchase| ||property.| ||Fees income recognised in Quick-books was confirmed to grant| ||funding agreements and to the claims made in the year, calculations| ||of fees applied for has also been verified and audited.| |**Compliance with Laws & Regulations**|We are satisfied that income has been properly recognised in the| ||financial statements. The debtors ledger has also been reviewed.| ||This was identified as an area of particular focus given that the charity| ||operates in such a heavily regulated sector.| ||We
discussed
compliance
matters
with
management
and| ||documented how potential compliance exposure is controlled and| ||mitigated within the organisation.| ||We read minutes of board meetings in the year, and reviewed legal| ||and professional expenditure to identify any potential compliance| ||issues. We noted the agreement to purchase a further property in the| ||minutes of the meeting held June 2023, due for completion in FY 23-| ||24 as disclosed in the Financial Statements note 15.| We identified no matters of concern in respect of compliance with Laws and Regulation in the course of our audit work. 6 Year ended 30 June 2023 Emmaus Leeds Audit Highlights Report **4. SIGNIFICANT AUDIT RISKS AND OTHER PARTICULAR AREAS OF AUDIT FOCUS continued** RISK AND AREA OF WORK WORK UNDERTAKEN AND CONCLUSION **Going concern** Under the revised ISA700 we now also need to make a positive statement within our audit report, rather than just confirming managements’ assessment, that going concern is appropriate. As part of our work, we considered the financial position of the charity at the balance sheet date. We reviewed the budget for the forthcoming year, and will be producing management accounts for the first quarter of the year before the financial statements are signed. We are satisfied from our work that the financial statements have been properly prepared on a going concern basis, with appropriate disclosures made in the financial statements. ||Our testing of overheads, invoices and payments, included detailed| |---|---| |**Charity overheads and controls**|transactional testing, across various charity costs and overheads.| ||Our testing included reviewing payment authorisation and| ||documentation through to processing within the finance function.| ||We are satisfied that the overheads and expenses have been| ||recognised within the financial statements to give a true and fair view.| ||We performed a physical verification of assets from the fixed asset| |**Fixed Assets**|register (selected on a haphazard sample basis) during our site visit| ||in September 2023.| ||Reviewed the register for any potential disposals.| ||Fixed asset register was cross cast and agreed to the| ||management accounts, to make sure they agreed.| ||We acquired all title deeds relating to properties held by the charity,| ||and agreed to previously audited financial statements.| ||We had also found some assets within the expenditure of the| ||charity for which we have capitalised. See A3 for details.| ||We selected three employees at random from payroll information to| |**Wages & Pensions**|make sure appropriate documentation was being maintained on file.| ||We have found appropriate documents on each employee on file and| ||historic records as required.| ||Payroll summaries were reconciled back to the financial statements.| ||Payroll expense bank transfers made to the bureau were checked| ||via the bank account to the payroll bureau summaries supplied by| ||them.| ||Checks on calculations for deductions made for taxation purpose and| ||pension contributions, were carried out and found to be correct.| 7 Year ended 30 June 2023 Emmaus Leeds Audit Highlights Report ## **Bank & Cash Account** We found that the charity now has control checks, through monthly reconciliations with NEST and HMRC gov gateway to ensure liabilities due to be paid on behalf of the employer and employees and pension contributions have been made, and all on a timely basis. We have checked reconciliations of all bank accounts to statements received from the appropriate financial institutions and confirmed reconciliations to the Quick-books software used when the reconciliation process took place - bank accounts have been reconciled on a frequent basis. Unusual bank transactions checked to appropriate documentation. Cash account review - we have noted that the cashing up sheets are correctly done on a weekly basis, however, we have found that cash is being banked at irregular periods which do not align with the cashing up sheets. We would recommend regular periodic banking of cash e.g every 2 weeks to mitigate any risk of fraud/error. 8 I"1 ,it1':41:, -ir.-ari Kill￿,*￿. APPENDICES Year ended 30 June 2023 Emmaus Leeds Audit Highlights Report ## **A1. MATERIAL MISSTATEMENTS** We are required to bring to your attention details of all material misstatements, whether caused by fraud or error, and ensure these are corrected in the final financial statements. We confirm that no material misstatements were identified during the course of our audit work. ## **A2. UNCORRECTED MISSTATEMENTS** We are required to bring to your attention details of all uncorrected errors, other than those considered as clearly trivial, and obtain your explanations for not adjusting for these items within the financial statements. The following was identified, but has not been adjusted on the basis of materiality: - We noted a difference of £1,099.80 between the E-Bay Sales Report total for the period and the E- Commerce nominal per 4096 – E-Commerce Income. **----- Start of picture text -----**
Misstatement Account Debit Credit P&L Effect
Name
E-Commerce Income Enterprise 1,099.80 -1,099.80
Error Income
Brown Butler noted an Trade 1,099.80 -
error on the E-Commerce debtors
Testing (Test2) in which
the eBay Sales Report
differed from the E-
Commerce amount per TB
Nominal 4096. The
difference is £1,099.80
which is below PM.
Totals Totals -1,099.80
**----- End of picture text -----**
We confirm that the other uncorrected misstatements identified during the course of our audit work have been trivial in nature, and that we therefore consider there to be no further items to bring to your attention. ## **A3. ADJUSTED AUDIT ITEMS** As noted below, on the charities fixed asset register we noted expenditure which was required to be capitalised. This was discussed with management and an appropriate adjustment has been made in the value of £10,000. We also made journal adjustments to remove a vehicle which has been donated to Emmaus Bradford. We also noted incorrect accounting treatment of Grant Income where an employee’s salary was being netted off against Grant Income, which resulted in an audit adjustment of £20,955.22. Year ended 30 June 2023 Emmaus Leeds Audit Highlights Report **----- Start of picture text -----**
Nature of misstatement & Account Adjusted Adjusted
circumstances of its Debit Credit
occurrence
Adjustment for Vehicle DL12 Vehicle Cost
15,750
MXT
Vehicle
Depreciation 15,750
Vehicle was donated to Emmaus
Bradford on 02/03/2023.
Depreciation Journal - Motor Vehicle 13,629.44
Depreciation
Vehicles
Motor Vehicles Depreciation Depreciation 13,629.44
Property Depreciation Building 32,249.27
Depreciation
Property/Building Depreciation
Depreciation 32,249.27
Fixtures & Fittings FFE
Depreciation 3,518.84
Depreciation Adjustment
Depreciation of FFE Depreciation 3,518.84
Computer Equipment Computer 585.56
Depreciation
Depreciation
Computer Equipment 585.56
Depreciation
Depreciation
Bradford Lifts Fixed Asset FFE Cost 10,000
Amendment
Premises Costs 10,000
QuickBooks Nominals
Adjustments Dr FFE Costs Cr
6625 Premises: Building
Maintenance: Lift Maintenance
Grant Income Journal Grant income 20,955.22
Adjustment
Staff Costs 20,955.22
Unrestricted Grant Income
Adjustment due to incorrect
Accounting by netting of the
Salary against the Grant
Nominal.
Totals 96,688.33 96,688.33
**----- End of picture text -----**
Year ended 30 June 2023 Emmaus Leeds Audit Highlights Report ## **A4. INDEPENDENCE** Under Auditing and Ethical Standards, we are required as auditors to confirm our independence to ‘those charged with governance’. In our opinion, and as confirmed by you, we consider that for these purposes it is appropriate to designate the board of trustees as those charged with governance. Our internal procedures are designed to ensure that all trustees and professional staff are aware of relationships that may be considered to bear on our objectivity and independence as auditors. The principal statements of policies are set out in our firm guidance. In addition, we have embedded the requirements of the Standards in our methodologies, tools and internal training programmes. The procedures require that audit engagement directors are made aware of any matters which may reasonably be thought to bear on the firm’s independence and the objectivity of the audit engagement director and the audit staff. This document considers such matters in the context of our audit for the year ended 30 June 2023. We have assisted management in the preparation of the statutory financial statements, which have been prepared on the basis of the management accounts and information required to complete the notes to the accounts which were prepared by the Emmaus Leeds management team. We consider this non-audit service to be purely of a technical and mechanical nature, not involving the exercise of judgement, and with all relevant matters discussed and agreed by management. We have been engaged previously to provide VAT advice to the charity, however we have assessed there is no potential threat to our independence arising from the level of fees charged for non-audit services. We confirm that the firm complies with the Financial Reporting Council’s Ethical Standards for Auditors and, in our professional judgement, is independent and objective within the meaning of those Standards. In our professional judgement the policies and safeguards in place ensure that we are independent within the meanings of all regulatory and professional requirements and that the objectivity of the audit engagement director and audit staff is not impaired. Should you have any comments or queries regarding this confirmation we would welcome their discussion in more detail. Year ended 30 June 2023 Emmaus Leeds Audit Highlights Report ## **A5. MATERIALITY** We set out below the levels of materiality that we have set for the purposes of our audit: |ENTITY||BASIS OF|||| |---|---|---|---|---|---| |||CALCULATION|||CLEARLY| |||FOR FINANCIAL|OVERALL|PERFORMANCE|
TRIVIAL| |||STATEMENT|MATERIALITY|
MATERIALITY|THRESHOLD| |||MATERIALITY|£’000|£’000|£| ||||17|12.75|850| Emmaus Leeds The materiality levels were set at the planning stage and no change to materiality levels was considered to be necessary for the purposes of our audit. ## CONCEPT AND DEFINITION - The concept of materiality is fundamental to the preparation of the financial statements and the audit process and applies not only to monetary misstatements but also to disclosure requirements and adherence to appropriate accounting principles and statutory requirements. - International Standard on Auditing (UK) 320 ‘Audit Materiality’ addresses the concept of materiality and explains it as ‘misstatements, including omissions that could influence the economic decisions of users taken on the basis of the financial statements. Materiality depends on the size of the item or error judged in the particular circumstances of its own omission or misstatement. Materiality provides a threshold or benchmark against which any errors or differences of opinion between management and ourselves can be evaluated.’ - It is important to understand that an item may be considered material for reasons other than size, if for example, it had an impact on: - Narrative disclosure e.g. accounting policies, going concern. - Compliance with loan covenants. - Instances when greater precision is required (e.g. trustee’ emoluments). - Materiality for Emmaus Leeds has been set on the basis of income, as this is considered the most appropriate indicator for a performance to meet the needs of the charity. Year ended 30 June 2023 Emmaus Leeds Audit Highlights Report ## **A5. MATERIALITY continued** ## CALCULATION AND DETERMINATION - We have determined materiality based on professional judgement in the context of our knowledge of the charity, and reporting requirements for the financial statements. - We determine materiality in order to: - Assist in establishing the scope of our audit engagement and audit tests. - Calculate sample sizes. - Assist in evaluating the effect of known and likely misstatements on the group financial statements. - Performance materiality is calculated as a percentage of overall materiality and is used to calculate our sample sizes to enable any material misstatements to be more easily identified. The usual percentages applied are between 75% (low risk) to 50% (high risk). We have considered 75% of overall materiality to be an appropriate level of performance materiality on the basis of our initial risk assessment. ## REASSESSMENT OF MATERIALITY - We reconsider materiality, during the course of our audit engagement if we become aware of facts and circumstances that caused us to make a different determination of planning materiality. - Further, when we have performed all our tests and are ready to evaluate the results of those tests (including any misstatements we detected) we will consider whether materially combined with the nature, timing and extent of our auditing procedures, provided a sufficient audit scope. If we conclude that our audit scope was sufficient, we will use materiality to evaluate whether uncorrected misstatements (individually or in aggregate) are material. ## ‘CLEARLY TRIVIAL’ AND UNADJUSTED ERRORS - In accordance with auditing standards, we will communicate to board all uncorrected misstatements identified during our audit, other than those which we believe are ‘clearly trivial’. - Clearly trivial is defined as matters which will be of a wholly different (smaller) order by magnitude than the materiality thresholds used in the audit, and will be matters that are clearly inconsequential, whether taken individually or in aggregate. We have set this level at 5% of total materiality. - There are a number of areas where we would strongly recommend/request any misstatements identified during the audit process being adjusted. These include: - Clear cut errors whose correction would cause non-compliance with loan covenants, management compensation agreements, other contractual obligations or governmental regulations that we consider are significant. - Other misstatements that we believe are material or clearly wrong. Year ended 30 June 2023 Emmaus Leeds Audit Highlights Report ## **A6. DRAFT REPRESENTATION LETTER** ## Dear Sirs ## **LETTER OF REPRESENTATION FOR THE YEAR ENDED 30 JUNE 2023** This representation letter is provided in connection with your statutory audit of the financial statements of Emmaus Leeds for the year ended 30 June 2023 for the purpose of expressing an opinion as to whether the financial statements give a true and fair view of the results and financial position of the charity in accordance with the Companies Act 2006 and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice- Charities SORP FRS102). ## Financial Statements 1. We have fulfilled our responsibilities as directors under the Companies Act 2006 for preparing financial statements in accordance with the Companies Act 2006 and United Kingdom Accounting Standards, including Financial Reporting Standard 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice) and the Charities SORP-FRS102 (updated 2019) which give a true and fair view of the financial position of the charity as at 30 June 2023 and of the results of its operation for the year then ended and for making accurate representations to you. 2. Significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable. 3. There are no plans or intentions that may materially alter the carrying value and where relevant the fair value measurements or classification of assets and liabilities reflected in the financial statements. 4. We have disclosed all known actual or possible litigation and claims whose effects should be considered when preparing the financial statements and these have been disclosed in accordance with the requirements of accounting standards. 5. Related party relationships and transactions have been appropriately accounted for and disclosed in accordance with accounting standards. 6. All events since the balance sheet date which require disclosure or which would materially affect the amounts in the financial statements have been adjusted or disclosed in the financial statements. 7. We confirm the financial statements are free of material misstatements, including omissions. We believe that the uncorrected misstatements identified during the audit are immaterial both individually and in aggregate to the financial statements as a whole. 8. We confirm that, having considered our expectations and intentions for the next twelve months, and the availability of working capital, the charity is a going concern. We confirm that the disclosures in the accounting policies are an accurate reflection of the reasons for our consideration that the financial statements should be drawn up on a going concern basis. Year ended 30 June 2023 Emmaus Leeds Audit Highlights Report ## **A6. DRAFT REPRESENTATION LETTER continued** ## Information Provided 9. All accounting records and relevant information have been made available to you for the purpose of your audit. We have provided to you all other information requested and given unrestricted access to persons within the entity from whom you have deemed it necessary to request information. All other records and related information, including minutes of all management and shareholders meetings, have been made available to you. 10. All transactions undertaken by the charity have been properly reflected in the accounting records and are reflected in the financial statements. 11. We acknowledge responsibility for the design, implementation and maintenance of controls to prevent and detect fraud. We have disclosed to you the results of our assessment of the risk that the financial statements may be materially misstated as a result of fraud. 12. We have disclosed to you all information in relation to fraud or suspected fraud that we are aware of and that affects the entity and involves management, employees who have a significant role in internal control, or others, where fraud could have a material effect on the financial statements. 13. We have disclosed to you all information in relation to allegations of fraud, or suspected fraud affecting the entity’s financial statements communicated by employees, former employees, analysts, regulators or others. 14. We confirm that we are not aware of any possible or actual instance of non-compliance with those laws and regulations which provide a legal framework within which the company conducts its business and which could affect the financial statements. The company has complied with all aspects of contractual agreements that could have a material effect on the financial statements in the event of non-compliance. 15. We confirm that we have disclosed to you the identity of the entity’s related parties and all related party relationships and transactions relevant to the company that we are aware of. 16. The company has satisfactory title to all assets, and there are no liens or encumbrances on the assets except for those disclosed in the financial statements. 17. There are no liabilities, contingent liabilities or guarantees to third parties other than those disclosed in the financial statements. 18. The charity has at no time during the year entered into any agreement, transaction or agreement to provide credit facilities (including loans, quasi loans or credit transactions) for trustees, nor to guarantee or provide security for such matters, except as disclosed in the financial statements. 19. We acknowledge our legal responsibilities regarding disclosure of information to you as auditors and confirm that so far as we aware, there is no relevant audit information needed by you in connection with preparing your audit report of which you are unaware. We have taken all the steps that we ought to have taken as trustees in order to make ourself aware of any relevant audit information and to establish that you are aware of that information. Year ended 30 June 2023 Emmaus Leeds Audit Highlights Report ## **A6. DRAFT REPRESENTATION LETTER continued** We confirm to the best of our knowledge and belief that the above representations are made on the basis of enquiries of management and staff with relevant knowledge and experience and, where appropriate, of inspection of supporting documentation sufficient to satisfy ourself that we can properly make each of the above representations to you. Yours faithfully …………………………………………. Trustee Date:…………………………………… Charity names: Emmaus Leeds Charity number 1077790 Registered offices St Mary’s Street Leeds LS9 7DP **The matters raised in our report prepared in connection with the audit are those we believe should be brought to your attention. They do not purport to be a complete record of all matters arising. This report is prepared solely for the use of the association and may not be quoted nor copied without our prior written consent. No responsibility to any third party is accepted.** **Brown Butler Limited is a corporate entity.** **Copyright@2019 Brown Butler Limited. All rights reserved.**