Charity registration number 1080391 Company registration number 03924322 (England and Wales) EMMAUS BOLTON ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMEKrs FOR THE YEAR ENDED 30 JUNE 2024
EMMAUS BOLTON LEGALAND ADMINISTRATIVE INFORMATION Trustses Mrs J Blunsdon Mr J R Webbe Mr D Gornall Mr G H Almond Mr C Kelly Mrs C A Whewell Mrs C Seaborn (Appointed 10 Augusl 2023) (Appointed 1 February 2024) Chlef Executive Officer Mr A Stephenson Charlty number 1080391 Company number 03924322 Registered office Derby Barracks Fletcher Street Botton BL3 6NF
EMMAUS BOLTON CONTENTS Page Trustees, report Statement of trustees, responsibilities Independent examinerfs report Statement of financial activities Balance sheet Statement of cash flows Notes to the financial ststements 9-20
EMMAUS BOLTON TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 JUNE 2024 The trustees present their annual report and financial statements for the year ended 30 June 2024. The financial statemenls have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, Ihe Companies Act 2006 and "Accounting and Reporting by Charities-. Statement of Recommended Practice applicable to charitiès preparing their accounls in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102} (effective 1 January 20191" Objectives and activities The principal objective of the Charity is the advancement of alleviation and relief of poverty, hardship and distress to Ihose in need. Emmaus exisls to provide homeless people (known in Emmaus as 'Companions") with an opportunity lo participale in the social enterprise on site, gain new qualifications, a0MmOdation and the chance to regain their self-respect and to pursue their lives in the community or in Ihe outside world. The truslees are satisfied that in carrying out its activities Emmaus Bolton is providing a clear public benefit and is meeting its objectives. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activilies the charity should undertake. Achievements and perfomiance This has been a year of change for Emmaus Bolton, with long-serving Chair, Roger Speare, stepping down in March and incoming Chair, Chantelle Seaborn taking the helm in April. Grateful thanks are e*(ended to Roger for his service, support, and dedicalion to Emmaus Bollon and the Emmaus movemenl over many years. We were pleased thal companion numbers were fairly stable during the year, and satisfaction levels high with the accommodation and support provided at Emmaus Bolton. Volunteer numbers increased to 32 duryng the year, many volunteering regularly, again wilh high satisfaction levels evident in our 2024 survey. Lucie's Pantry was run by companions and volunteers, providing vital ffee-of-charge food for up to 3400 local people in these difficult times as many struggle Ihrough the cost of living crisis. The café and retail outlets continue to attract visitors to our sile, encouraged by the warm welcome from companions, volunteers and staff alike. It was also a year that saw us achieve increased sales revenue of 11 % to a new record of £436,882, and successfully raise £300.000+ funding to replace and repair our ageing roof, which had resulted in numerous leaks and water damage to the building over the last couple of years. July saw the start of works on site, to the relief of staff, companions and volunteersl We are very gratefLtI to the donors who enabled thi5 essential work lo take place, not only protecting the building's fabric. companion rooms and meeting rooms. but increasing the roof insulation making the place noticeably warmer. Following this Iriumph, we made a successful application for funding for Solar Panels which will reduce both our carbon footprint and energy bills in the future. We Continue to enjoy playing a role in the wider world of Emmaus, proactive in our support for the Emmaus North West Partnership and involvement in the National Federation of Emmaus.
EMMAUS BOLTON TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Financial review The results of the individual charity's activities are shown in the Statement of Financial Acttvities on page 7 of the accounts, showing net expenditure of £80,089 across all funds. However, taking into acwunt the surplus for that year of its operating subsidiary. Ecostore Limited, the consolidated net expenditure for the group was much lower, at £19,300 across all funds. The consolidated total fvnds of the group at year end were just over £568,000. The reserves poliw is under regular review as the activities of the charity develop and the scale of the operation grows. The aim is to build up sufficient free reseeS to cover 3 to 6 months of operating costs, in the unlikely event that our income streams should cease. At the year end the consolidated free reserves of the charity and its operating subsidiary stood at £119,421. Although this remains below target, we are nfident that the charity can achieve a level of free reserves within the target range over the next few years. Our funding comes from a variety of sources including accommodation charges, sales of donated goods, grants and donations from other charities. Under the Memorandum and Articles of Association, the charity has the power to invest in any way the trustees wish. The trustees, hawng regard to liquidity requirements of the charity and to the reserves policy, have operated a policy of keeping available funds in an interest bearing deposit aGwunt with the aim to achieve a rate of deposit interest which at least matches or exceeds inflation. The trustees assess on an ongoing basis the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Such systems include Risk Shield, which went live towards the end of the financial year. Also. the Finance Sub-Group looks at issues specifically relating to our business and propety, meeting regularly and reporting to the full Board. The state of our ageing roof system was identified as a major risk and work on repairing and renewing it was begun after the year end (see 'Achievements and performance.). The future Facilitated by the incoming Chair, the trustees held a Strategy Day in June 2024 to stsrt to set out our priorities for the future, infomied by SUeY$ of wmpanions, volunteers, staff and tnjstees. Survey results were upbeat and on the whole consistent across the groups surveyed, with companions feeling safe and supported, volunteers positive aboLrt companion and communrty involvement, staff and trustees confident about our support for Companions and in how the business is run. This day helped us to stsrt to form a vision for the fvture. towards which we have made some progress bLrt have more to do. Our actions will focus on regular communications- getting more involved in the wider Bolton area- providing training and personal development opportunities for all. supporting companion move on options; maintaining our buildings and improwng their 'kerb appeal,. Trustees recruitment and training will be a priority, with the aim of diversifying the board to be more representative of the local communty. and attract new trustees with different skills that will stand us in good stead for the future. We also need to increase our reserves which took a hit during the Covid-19 pandemic when we had to close our doors, trustees will be working with stsff to maximise income and reduce outgoings to achieve this. As we look forward to the future, we also look back with pride at our considerable achievements in the last financial year. Thanks go to our companions. volunteers and staff for their commitment without whi¢h this would not have been possible.
EMMAUS BOLTON TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Structure, governance and management Emmaus Bolton is a registered charity and a company limited by guarantee and is governed by its Memorandum and Arti¢les of Association. As a registered charity Ihe company is non-profit-making and its directors and Iruslees are volunteers. The company has been incorporated without share capital and it is limited by guarantee, to a maximum £1 each, payable by its members. The Memorandum and Articles of Association prohibil distribulion of any surpluses other than lo Emmaus UK. The company has a wholly owned SLtbsidiary, Ecostore Limtted, which is in¢orporated in England and Wales. The subsidiary operates commercial activilies relaled lo the charity and any profrt will be gifted to the parent company. The trustees, who are also the direclors for the purpose of company law. and who served during the year and up to the date of signature of the financial statements were.. Mr R L Speare (Resigned 31 July 2024) Mr P M Glanvill (Resigned 1 October 2024) Mrs J Blunsdon Ms N Richardson Mr J R Webbe Mr D Gornall Mr G H Almond Mr C Kelly Mrs C Awhewell Mrs C Seaborn Mrs S J Green (Resigned 31 December 2024} (Appointed 10 August 2023) (Appointed 1 February 2024) (Appointed 25 January 2024 and resigned 31 December 2024) The trustees are appointed by the members of the organisation at the Annual General Meeting. Directorsl trustees have the power under the governing documents lo co-opt individuals who support the objects of Ihe organisation to fill vacancies on the Board of Management. As part of their induction, new trustees are provided with information about the charity, the management structure, its history and working practices. In addition, they are also provided wilh copies of the Memorandum and Articles of Association plus information from the Charity Commission and Companies House regarding the duties and responsibilities of directors and trustees. This is a local charity which is a member of Emmaus International, a worldwide organisation with over 350 communities, 30 ofwhich are in the UK. Day to day management responsibilily rests wilh the management team, led by our CEO, Tony Stephenson. which reports to the Board of Trustees. The Board of Trustees meets on a regular basis. The truslees, report was approved by the Board of Trustees. Chantelle Seaborn Mrs C Seabom Truslee Dated.. 23 January 2025
EMMAUS BOLTON INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EMMAUS BOLTON I report to the trustees on my examination of the financial ststements of Emmaus Bolton (the charity) for the year ended 30 June 2024. Responsibilities and basis of report As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the charity are not required to be audtted under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carying out my examinalion I have followed all the applicable Directions givèn by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examinerfs statement Since the charity's gross income exeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of ICAEW, which is one of the listed bodies. I have cornpleted my examination. I confim that no matters have come to my attention in connection with the examination gNing me cause to believe that in any material respect= accounting records were not kept in resped of the charity as required by section 386 of the 2006 Act. or the financial statements do not accord with those records., or the financial ststements do not comply with the accounting requirements of sedion 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter Considered as part of an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appli(2ble in the UK and Republic of Ireland (FRS 102). I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. David Kay FCA Barlow Andrews LLP Chartered Accountants Carlyle House, 78 Chorley New Road. Bolton Dated: 23 January 2025
EMMAUS BOLTON STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 30 JUNE 2024 The trustees, who are also the directors of Emmaus Bolton for the purpose of company law, are responsible for preparing the Trustees, Report and the finanoial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure. of the charitable company for that year. In preparing these financial statements, the trustees are required to= select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP.. make judgements and estimates that are reasonable and prudent., stale whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in Ihe financial statements., and prepare the financial slalements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accoLtnting records Ihat disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure thal the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assels of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
EMMAUS BOLTON STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2024 Unrestricted Restrictsd funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and legacies Charitable a¢tivities Investments 75,457 509,762 6,607 52,870 128,327 509,762 6,607 104,032 464,121 1,874 70,001 174,033 464,121 1,874 Total income 591,826 52,870 644,696 570,027 70,001 640,028 enditure on: Costs of raising funds 325,579 27,570 353.149 301,221 5,741 306,962 Costs of charitable activities 371,636 371,636 314,952 24,251 339,203 Totsl expenditure 697,215 27,570 724,785 616,173 29,992 646.165 Net (outgoing)fincoming resources before transfers {105,389} 25,300 (80,089) (46,146) 40,009 {6,13n Gross transfers between funds 34,147 (34,147) Net movement in funds (105,389) 25,300 (80,089) (11,999) 5,862 (6,137) Fund balanS at 1 July 2023 508,702 50,000 558,702 520,701 44.138 564,839 Fund balances at 30 June 2024 403,313 75,300 478,613 508,702 50,000 558,702 The ststement of finanual a¢tivities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also ¢omplies with the requirements for an income and expenditure account under the Companies Act 2006. The figures shown above are those of the charity as an individual entty. However, it also has an operating subsidiary which had a profit for the year. The consolidated net expenditure ofthe 2 entities as a group was £19.300 for the year across all fvnds.
EMMAUS BOLTON BALANCE SHEET AS AT 30 JUNE 2024 2024 2023 Notes Flxed assets Tangible assets Investments 10 11 373,445 422,389 373,447 422,391 Current assets Slocks Debtors Cash at bank and in hand 12 13 19,723 23,719 205,706 14,080 60,495 132,455 249,148 207,030 Creditors: amounts falling due within one year 14 1143,982} (70.719) Net current assets 105.166 136,311 Total assets less Current liabilities 478,613 558,702 Income funds Restricled funds Unrestricted funds 15 75,300 403,313 50,000 508,702 478,613 558,702 The company is entitled to the exemplion from the audit requirement contained in section 477 of the Companies Act 2006, forthe year ended 30 June 2024. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with seclion 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial slatemenls were approved by the Trustees on 23 January 2025 Chantelle Seaborn Mrs C Seabom Trustee Company Registration No. 03924322
EMMAUS BOLTON STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2024 2024 2023 Notes Cash flows from operating activities Cash generated froml(absorbed by) operations 20 68,799 (21.340) Investing activities Purchase of tangible fixed assets Investment income received (2,155) 6,607 (3,933) 1,874 Net cash generated froml(used in) investing activities 4,452 (2,059) Net cash used in financing activities Net increasel(decrease) in Cash and cash equivalents 73,251 (23.399) Cash and cash equivalents at beginning of year 132,455 155,854 Cash and cash equivalents at end of year 205,7( 132,455
EMMAUS BOLTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Accounting poll¢ies Charity infomiation Emmaus Bolton is a private company limited by guarantee incorporaled in England and Wales. The reglstered office is Derby Barracks, Fletcher Street, Bolton. 1.1 Accountlng convention The financial statements have been prepared in accordance with the charily's goveming document. the Companies Act 2006 and 'Accounting and Reporting by Charities.. Slatement of Recommended Praclice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) {effective 1 January 2019)" The charity is a Public Benefit Entily as defined by FRS 102. The financial statements are prepared in slerling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded lo the nearest £. The financial statements have been prepared under the historical cost convention, the principal accounting policies adopted are set out below. 1.2 Going concem At the time of approving the financial statemenls, the trustees have a reasonable expectation Ihat the charty has adequate resources lo continue in operational existence for the foreseeable future. Thus the Irustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discrelion of the trustees in furtherance of their charitable objectives. Restricted funds are subject lo specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Where such funds are used to acquire fixed assets, the expenditure is capitalised and depreciation is charged annually against the fund balance in accordance with the rates noted below. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable Ihat income will be received. Cash donalions are recognised on receipt. Other donations arè recognised once the charity has béen notffjied of the donation, unless perfomance conditions require deferral of the amount. Income lax recoverable in relation to donations received under Gift Aid or deeds of ¢ovenanl is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is Ireated as a contingent asset. It would be impractical to try to value donated items when they are received, in order to recognise the value of the donation as both income from donations and a malching cost of goods for resale. Therefore. donated goods are only accounted for when they are sold, the sales income being recognised at that point.
EMMAUS BOLTON NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic beneffts will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by a¢tivity. The costs of each aGtivity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributsble to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activty are apportioned befween those activities on a basis consistent with the use of resources. Central stsff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category. Expenditure is recognised once there is a legal or constructtve obligation to make a payment to a third party, it is probable that setdement will be required and the amount of the obligation can be measured reliabty. Costs of raising funds comprise the costs of trading and similar activities and the associated support costs of those activities. Charitable expenditure comprises those costs dIre[Y incurred by the charity in the deltvery to beneficiaries of its core activities and ServiS. The support costs associated with delivery of these activities and servi$ is also induded. All costs are allocated beeen the expenditure categories on bases designed to reflect the use of the resource. Costs relating to a particular activty are allocated directly. whilst others are apportioned on an appropriate basis. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequendy measured at cost or valuation, net of depreciation and any impaimient losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and buildings Leasehold improvements Fixtures and ffttings Vehicles Office equipment 20/0 Straight line 50/0 straight line 10 % straight line 25 % reducing balance 33Oh reduang balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statemenl of financial activities. 1.7 Fixed asset investments The fed asset investment in the subsidiary company. Ecostore Limtted. is measured at cost less any accumulated impairment losses. should they arise. The investment is assessed for impaimient at each reporting date and any impairment losses or reversals of impaimient losses applicable would be recognised in the Statement of Financial Activities for the relevant year. A subsidiary is an entty controlled by the chartty- Control is the power to govem the financial and operating policies of the entity so as to obtain benefits from its activities. 1.8 Stocks Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to its present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. 10-
EMMAUS BOLTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accountlng policies (Continued) 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand. 1.10 Flnancial instruments The charity has elected to apply the provisions of Seclion 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments IssL¢es' of FRS 102 to all of its financial instruments. Financial inslruments are recognised in the charity's balance sheet when the charily becomes party to the contractual provisions of the instrument. Financial assels and liabilities are offset, with Ihe net amounts presented in Ihe financial statements, when Ihere is a legally enforceable right to sel off the recognised amounts and there is an intention lo settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financlal assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at Iransaction price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of inlerest. Financial assets classified as receivable wilhin one year are not amortised. Basi¢ linancial Ilabilities Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured al the present value of the future payments, discounted al a market rate of interest. Financial liabilities classified as payable within one year are not amotised. 1.11 Taxation The company has charitable status and is thus exempt from taxation of its income and gains falling within section 505 of The Taxes Act 1988 or section 256 of the Taxalion of Chargeable Gains Act 1992 to the extent Ihal they are applied to its charitable objeclives. 1.12 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's seNices are received. Termination benefils are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.13 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 1.14 Government grants Government grants are recognised when there is reasonable assurance that the grant conditions will be met and the grants will be received. 11
EMMAUS BOLTON NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Donations and legacies Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds funds 2024 2023 2023 Total funds 2023 Donations and grants 75.457 52,870 128.327 104,032 70,001 174,033 Donations and grants analysis: Ecostore Ltd Emmaus UK The Peter Kershaw Trust The 29th May 1961 Charitable Trust Duchy of Lancaster The Albert Hunt Trust Manchester Guardian Society The National Lottery W O Street Charitable Foundation Bolton CVS The Dowager Countess Peel Phil Gibbs Trust Other 28.766 28,766 51,842 51,842 9,871 9.871 3.000 3,000 15.000 5,000 10,000 15,000 5,000 10,000 5.000 9,870 5,000 9.870 5.000 5.000 130 130 10,000 50.000 10,000 50,000 52,190 46,691 46,691 52,190 75,457 52,870 128,327 104,032 70,001 174,033 Charitable activities Total 2024 Total 2023 Sale of goods Charitable rental income 436,882 72.880 391,241 72,880 509,762 464,121 12-
EMMAUS BOLTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 30 JUNE 2024 Costs of raislng funds 2024 2023 Bank charges Office and business supplies Stock and other trading purchases Advertising Staff costs Depreciation Utilities and waste Insurance Motor and travel expenses Accountancy, bookkeeping and payroll Maintenance, repairs and renewals Telephone Miscellaneous 2,454 6,066 80,604 14,925 140,942 27,207 8,023 5,141 19,385 2,956 35,034 1,432 8,980 2,088 5,730 80,533 11,347 110,091 29,017 9,170 4,953 19,390 2,540 22,454 1,225 8,424 353,149 306,962 Analysis by fund type Unrestricled funds Restricted funds 325,579 27,570 301,221 5,741 353.149 306,962 Expenditure in notes 4 and 5 is allocated directly io the relevant operational activities as far as possible. Those costs which are not capable of being directly allocated are split between the categories of shop and other trading activities and companions and their accommodation on a 50.50 basis, with the exptIOn of charges for utilities and waste, and costs of maintenance, repairs and renewals, which are allocated based on approximate usage 13-
EMMAUS BOLTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Costs of charitable activities 2024 2023 Stsff costs Depreciation and impaimient Bank charges Companion expenses Office and business supplies Council tax Utilities and waste Maintenance, repairs and renewals Telephone Accountancy, bookkeeping and payroll Miscellaneous Insurance 140,940 23,892 2.454 148,010 6,066 4.373 24.069 3,322 1,432 2,956 8.980 5,142 120,090 25,118 2,089 121.260 5,730 4,171 27.511 16,091 1,225 2,540 8,425 4,953 371,636 339,203 Analysis by fund type Unrestricted funds Restricted funds 371,636 314.952 24,251 Inciuded in expenditure in noles 4 and 5 are govemance costs of £3,707 (2023: £3,187) in relation to the preparation and examination of the annual statutory accounts. Expenditure in notes 4 and 5 is allocated directly to the relevant operational activibes as far as possible. Those costs which are not capable of being directly allocated are split belween the categories of shop and other trading activities and companions and their accommodation on a 50'.50 basis, with the expIlon of charges for utilities and waste, and StS of maintenance, repairs and renewals, which are allocated based on approximate usage. Net movement in funds 2024 2023 The net movement in funds is ststed after chargingl(crediting): Depreciation of owned tangible fixed assets 51,099 54,135 Trnstees None of the trustees (or any persons connected wtth them) received any remuneration or beneffts from the charity during the year. Expenses relating to the trustees are generally met by the charity directly. 14-
EMMAUS BOLTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Employees 2024 2023 Wages and salaries Social securily cosls Other pension costs 254,251 19,236 8,395 210,590 15,245 4,346 281,882 230,181 The average number of employees during the year, excluding trustees and volunteers, was 9 (2023.. 8). No employee received salary and benefits (excluding employer pension costs) of more than £60,000. The charity considers ils key management personnel to include its board of Irustees (all unpaid) and 3 of its employees. The total employment benefits of key management personnel (including employer's pension contributions and employe¢s national insurance cost) was £131.293 (2023.. £117,303). Taxation The charity is exempt from tsxation on ils activities because all its income is applied for charitable purposes, 10 Tangible flxed assets Fwhold land LSehold Flxtures and and bulldlngs improv•monts flttlngs Vehi¢l¢s Total Cost At 1 July 2023 Additions 339,697 626,930 139,934 2,155 72,414 1,178,975 2.155 AI 30 June 2024 339,697 626,930 142,089 72,414 1,181,130 Depreciation and impaimient At 1 July 2023 Depreciation charged in the year 114,578 6,294 482,212 33,068 109,480 8,422 50,316 3,315 756,586 51,099 At 30 June 2024 120,872 515,280 117,902 53,631 807,685 Carrying amount AI 30 June 2024 218.825 111.650 24,187 18,783 373,445 At 30 June 2023 225,119 144,718 30,454 22.098 422,389 15-
EMMAUS BOLTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 11 Fixed asset investments other investments Cost or valuation At 1 July 2023 & 30 June 2024 Carying amount At 30 June 2024 At 30 June 2023 The investment represents 1000A of the issued ordinary share capital of Ewstore Limited. registered office address Derby Barracks, Fletcher Street. Bolton. Ecostore Limited prepares its own individual company accounts and consolidated accounts are not prepared for the group. It had a profft of £60,789 for year ended 30 June 2024 and had capital and reseNes of £89,557 at that date. 12 Stocks 2024 2023 Finished good5 and goods for resale 19.723 14,080 13 Debtors 2024 2023 Amounts falling due within one year. Trade debtors Other debtors Prepayments and accwed income 10,280 9.615 3.824 210 4,750 55,535 23.719 60,495 14 Creditors: amounts falling due within one year 2024 2023 Other taxation and social security Trade creditors Amounts owed to Ecostore Limited Other credttors Accruals and deferred income 4,555 25,555 97,246 1.517 15,109 3,211 16,738 34,309 857 15,604 143,982 70,719 16-
EMMAUS BOLTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 15 R06trf¢ted funds Movent in funds In¢tym* Exp•nsE Mov6m8nt In funds Exp•n B#l•n¢•4t 30 Juno 2024 l July 2012 1 July 2032 The P&ier KershawTrust The 29th Moy 1961 Charitabk Twst Duchy of L8n¢ast¢r ManthesttrGuardian SoGiety The National Lottery Re¢y¢ling Cantre W O Street Ch8t4tabl& Foundation Suez R4GM Community Fund Great Place5 Housing Group TheAlbert Hunt TNst B¢Ron CVS Emmaus UK Environrnental Fund The D¢%vager Covntess Peel Phil Gibbs Estate 3.000 15.000 3,LK)O 15.000 5.000 5.000 9,870 9,870 38.638 14.4911 134,1471 5.000 s.frjo 2,500 3,000 12,50DI 13.0001 10,Lh>) 10.OLh) 120 9.871 10,C¥ 50.000 19,8711 110.OCIJI ,ooo 127,5701 22,430 U,138 70.001 129,9921 134.1471 50,orJJ 52.870 127,5701 75.3Qk) 17-
EMMAUS BOLTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 1S Restrieted funds l¢ontlnuedl Fund9 towards the ReLyding Centre project was from a combtriabon of Emmaus UK. Bottons Furjd. Landmark UK. Benefwx Trust. The Beiee Lain9 Trust and hlnwell Trtjst in prevths years. This has been fuJ¥i utslised on qualfyng rtems, n Ine funding SlatiOnS and IherefoTe a tr8nsfer to unrestrfcted ld$ was made in the prforyear. Money recelved Emmau$ UK Environment Fund h 2W23 VRS to lund the reptacemerrt of %trfndows to upgrade 5rn9 to double gjaang. Tht D¢M7ger Cwntess Peel gr8nt w05 to fund the tX)5t of empkiwng an addrfional drivw. Funding from the estate of the Lgte Phil Gbi bs Is tOdrds the cost of empbying an corMree stair member. Funding recenied frcth The Peter Kershaw Tru< The 29th May 1961 charitab TNst, Duthy of Lancaster, Manchester Guardian Socty, W O Street Charitabk Foundation andTheAlbert Hunt Trustwa5 provTrJ8d to fvnd roofing repanwhich are planned to begh in the 24125finanoJ year. FUnd1g towardsthe ¢05t of running the panty was re¢ewed from The National Lottery. FwaN re¢enied ab)ve, althe perfc*Thantx obfi9ations have been met andlhe full incclwd amwnl has been receNed', therefore Ihe Charity is allY entrfkd tothe Énd has recognised it in fvll. 18-
EMMAUS BOLTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 16 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. Transfers At 30 June 2024 Currentyear: At 1 July 2023 Incoming resources Resources expended General funds 508,702 591,826 (697,215) 403,313 Prevlous year: At 1 July 2022 Incoming resources Resources expended Transfers At 30 June 2023 General funds 520,701 570.027 {616,173) 34,147 508,702 17 Contingent liabilitles A grant of £140,000 was received from EmmaL¢S UK la national charity which provides guidance and support for individual Emmaus communities such as Emmaus Bolton) in 2004 and has been used to help purchase Derby Barracks, Fletcher Street, Bolton as the community accommodation. This grant becomes repayable if the building is sold or if Emmaus Bolton ceases to be a member of Emmaus UK. At the year end the balance was £49,976 (2023.. £58,656). 18 Analysis of net assets between funds Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Fund balances are represented by: Tangible assets Investments Net current assets 373,445 373,445 422,389 422,389 29,866 75,300 105,166 86.311 50.000 136,311 403,313 75.300 478.613 508.702 50,000 558,702 19 Relatsd party transactlons The charity has taken advantage of the exemption available in FRS8 °Related party disclosures" whereby it has not disclosed Iransactions with any wholly owned subsidiary undertaking. 19-
EMMAUS BOLTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 20 Cash generated from operations 2024 2023 Deficit for the year (80.089) (6,13n Adjustments for.. Investment income recognised in ststemènt of financial activities Depreciation and impaiment of tangible fixed assets (6.607) 51,099 (1,874) 54,135 Movements in working capital: (Increase) in stocks Decreasel(increasè) in debtors Increasel(de¢rease) in creditors (5,643) 36,776 73,263 (564) (46,613) (20,28n Cash generated froml{absorf)ed by) operations 68,799 (21,340) -20-