REGISTERED COMPANY NUMBER: 03978765 (England and Wales) REGISTERED CHARITY NUMBER: 1085609 Re ort of the Trustees and Financial Statements for the Year Ended 30 June 2024 Emmau5 Sheffield Sutton McGrath Hartley 5 Westbrook Court Sharrowvale Road Sheffield South Yorkshire Sll 8YZ
Emmaus Sheffield Contents of the Financial Statements forthe Year Ended 30June 2024 Page Reference and Administrative Details Ito2 Report of the Trustees 3 to 14 Report of the Independent Auditors 15 to 18 ststement of Financial Activities 19 Balance Sheet 20 Cash Flow Statement 21 Notes to the Cash Flow Statement 22 Notes to the Financial Statements 23 to 37
Emmau5 Sheffield Reference and Administrative Oetails for the Year Ended 30June 2024 TRUSTEES C Dray Vice Chair J M Giles IresiEned 20131241 B G Harvey (resigned 271121231 L J Kerr (resigned IS/111231 L A Morgan D W Thomas Chairman TDGBrown A D W Shepherd J Keeton M W Murphy lappointed 21121241 J A M Morgan (appointed 021101241 COMPANY SEcRARy L A Morgan KEY MANAGEMENT G Bostock ICEOI L Bostock (General Manager) REGISTERED OFFICE Unit 5 Sipelia Works Cadman Street Sheffield $4 7ZG REGISTERED COMPANY NUMBER 03978765 (England and Wales) REGISTERED CHARITY NUMBER 1085609 AUDITORS Sutton McGrath Hartley 5 Westbrook Court Sharrowvale Road Sheffield South Yorkshire Sll 8YZ SOLICITORS Taylor & Emmet 20 Arundel Gate Sheffield 512PP Page I
BANKERS The Cooperative Bank PO Box 101 l Balloon Street Manchester M60 4EP Cambridge & Counties Bank Limited Charnwood Court 5B New Walk Leicester LEI 6TE Triodos Bank Deanery Road Bristal BSI SAS Unity trust Bank PO Box 7193 Planetary Road Willenhall WVI 9DG Page 2
Emmaus Sheffield Re rt of the Trustees for the Year Ended 30 June 2024 The Trustees, who are also Directors for the purpose5 of company law. present their annual report together with the financial statements for the year ended 30 June 2024 which are also prepared to meet the requirements for a director's report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Articles of Association and Accounting and Reporting by Charities= Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102 leffective l January 20191. OBJECTIVES AND ACTIVITIES Our goals and aims Our purpose is simple.. the provision of accommodation, or assistance in such provision, for homeless people in the Sheffield and South Yorkshire area. Those individuals who find accommodation with us are known as Companions. Our purpose embraces the rehabilitation, provision of education, training (including employment training) and work opportunities and satisfaction for Companions with the purpose of developing their skills to enable them to gain employment in the future and thereby develop a sense of self-worth and dignity through having a self-supporting life. We also support the work of other Emmaus Communities and Emmaus Groups or other agencies in the relief of poverty and homelessness whether in the United Kingdom or elsewhere in the world. Our aim is to provide in Sheffield a social opportunity. where people who were formerly homeless will find somewhere safe and welcoming to live: a place where they can rediscover their dignity and 5elf-pride through being part of a working Community geared towards becoming self-sufficient through social enterprise. Ultimately being able to regain a social and sustainable place in wider society. Objectives and Activities The objectives of the Charity are the alleviation and relief of poverty. hardship and distress arising there from, to those in need without distinction by the provision of accommodation. or assistance in such provision. for the poor and homeless in the Sheffield and South Yorkshire area and such other places that might seem appropriate from time to time. To ensure that our work delivers on our aims we review our objectives regularly. This review looks at what we have done and the benefits to Companions of outcomes achieved in the last 12 months. We bear in mind the guidance in the Charity Commissions general guidance on public benefit and in particular think about how our activities contribute to and support our aims and objectives. Page 3
Emmaus Sheffield Re rt of the Trustees for the Year Ended 30 June 2024 OBJECTIVES AND A1VITIEs Achievements and Perforrnance The year has been one of substantial improvement both from a financial perspective and the improved environment within the Community and the Companions. Through the diligent effort of the staff we have been able to maintain strong Companion numbers despite the inevitable leavers and joiner5 and we have always had around 90 percent of the rooms in use throughout the year. At the beginning of the reportinE period we had 18 Companions and at the close we had 17 Companions, with an average of 17.5 Companions over the period. Our Community has been full for the majority of the year with 34 referrals received= 26 from the Emmaus UK Gateway, 5 self-referrals and 3 from other partner agencies. We were only able to offer a space to 11 Companions from these referrals. We hold a waiting list so as a room becomes available, it is quickly filled. Of the 12 Companions that left the Community. 7 were assisted into onward accommodation and 5 leaving for other reasons. We have also seen substantial success in the social enterprise with an increase in the shop income of 23% over the previous year. Grant income has been a serious success with growth in the year of 159% over the previous year. We recognise however that as we write this report there is a significant pressure on the availability of grants and funds as potential donors tighten their belts and *unds become less accessible. We have developed a relationship with Baby Basics who care for struggling families within our area helping with item donation to help them achieve their aims. Community Staff meet with Companions on a regular basis and work with them to produce personal development plans and goals. We perform analysis of the data outputs from these plans, using this to standardise reporting, and provide graphical representation of the data as demonstrated in the following Eraphs. This allows the Community Team to see the trend across the primary outcomes throughout the Community, identifying any areas of concern, and subsequently work with the Companions to amend their individual support and training package as appropriate. From the analysis of the data over the reporting period. mental health has improved greatly. The Community is generally stable and coping, as is validated in the outcome graphs. When considering the graphs it should be borne in mind that the Companion body at anyone time does not exceed 18 and so just one Companion reporting an adverse change will significantly affect the percentages in the following graphs. Page 4
Given the profile of the Companions it is not unexpected that a significant minority report issues with wellbeing, mental and physical health. As individuals become integrated into the community they report improved outcomes but given the turnover in Companion numbers, consistent improvements across the whole community are not necessarily reflected in the short term. The increase in those struggling with their wellbeing in the final quarter is a reflertion of personal issues Companions were going through at the time. The Community Team continue to work with those Companions, offering both internal and external support opportunities. Wellbeing Outcomes 4% I I I I I Q2 2023 Q3 2023 Q42023 QI 2024 Q2 2024 Stru8811 • ImproMn8 Mental Health Outcomes 71 6% I 111 I Q2 2023 Q3 2023 Q42023 QI 2024 Q2 2024 StrugglitE w Impromng Page 5
Emmaus Sheffield Re rt of the Trustees for the Year Ended 30 June 2024 OBJECTIVES AND A1VITIEs Whilst the wellbeing and mental health outcomes have fluctuated over the period, adverse physical health outcome5 have increased in the last three quarters. with nearly 50% of Companions reporting they were struggling with their physical health by the end of the year. A number of those reporting problems had received new diagnosis or were dealing with pre-existing conditions that were flaring up. To help combat this the Community Team work with Companions medical advisers and offer various physical artivities including subsidised gym membership and weeklv walks in the surrounding countryside. Physical Health Outcomes 6% Q2 2023 Q3 2023 Q42023 QI 2024 Q2 2024 struggli ll Impromng The number of Companions struggling with drugs, alcohol or gamblinE problems has remained relatively stable and at low level, albeit with a slight increase in the third quarter of 2023. The Community Team work closely with Companions, ready to signpost them to the relevant agencies if they feel they are unable to manage their addictions. We operate a strict drugs and alcohol policy which in extremis can result in a Companion being excluded from the community for a short period or even asked to leave altogether. When this arises we work with the Companion to find suitable alternative accommodation and strive to prevent them becoming street homeless. In the reporting period we had 6 exclusions13 temporary and 3 permanentl. Alcohol, Drugs and Gambling Outcomes 72 121r! Q2 2023 Q32023 Q42023 Q12024 Q2 2024 Strnggli • Improving Page 6
Emmaus Sheffield Re rt of the Trustees for the Year Ended 30 June 2024 OBJECTIVES AND A1VITIEs Negative self-care outcomes reduced to (WA struggling throughout the reporting period. This is indicative of the positive work the team do with the Companions on their self-care and living skills. For example the Team have worked hard on a program aimed at improving dental hygiene, and one providing support to quit smoking. Self-care Outcomes .1iiri Q2 2023 Q3 2023 Q42023 QI 2024 Q2 2024 Stru88lir8 • Impro¥ing Training: We provide Companions with the specific training they need to develop their skills within the social enterprise and training they might want to do as part of their development and progression into employment. Last year, 6 places on accredited courses were provided with an additional 17 places on non-accredited courses. In total, 23 courses were completed with 4 still on-goinE. Examples of training provided include drivinE lessons, Tower Scaffolding and Manual Handling. Courses 40 35 35 30 25 23 20 15 io 22123 23124 Page 7
Emmaus Sheffield Re rt of the Trustees for the Year Ended 30 June 2024 OBJECTIVES AND A1VITIEs Companion Training Numbers / Year 36% 42% 58% 22123 23124 Had Training w No Training Over the course of the year, S8% of Companions attended at least one training course. This is down from last year, but a number of Companions left the Community within this period who had not undertaken trainin& and a handful joined within the last few months, and they have not yet had the opportunity to enEa8e in training. Page 8
Emmaus Sheffield Re rt of the Trustees for the Year Ended 30 June 2024 OBJECTIVES AND A1VITIEs Public Benefit The Trustees confirm that they take note of the Charity Commissions guidance on Public Benefit when considering the Charities aims and objectives. Those aims and objectives target the alleviation of poverty and homelessness in the Sheffield and wider South Yorkshire area. To achieve thi5, we continue to offer accommodation and work opportunities in the social enterprises we operate. It is well recognized that homelessness brings with it mental health issues and drug related crimes and anti-social behavior which place pressures and costs on the NHS and the Justice system. Additionally. the costs associated with providing accommodation and support in this Community are substantial, and which would otherwise fall more significantly on the public purse. It is well known that the cost to society of homelessness is substantial with estimates running between £20,000 and £30,000 per person and this does not take account of the costs and stresses caused in the NHS and the judicial system. As has also been documented the cost to local authorities is substantial and in the current climate any savings that can be made arevery welcome. The stresses of homelessness impact on both mental and physical health which leads to further long-term costs which it is impossible to assess. As well as providing immediate 5UPPOrt to alleviate homelessness on of the aims of our Charity is to help people move back into society in their own time and on their own terms. this adds value both to the individual and society as a whole. It is however difficult to fully assess that value, but it is clearly substantial, both emotionally and financial to the individuals concerned, and to society more widely. In addition, we take in many items of donated furniture. clothing. books and bric a brac that would otherwise be destined for landfill. We therefore have a significant positive impact on the environment. In the reporting period we handled 72,885 items. In the workshop we used reclaimed wood to make items for resale in the Community Shop further benefiting the environment in which we operate. Approximate 173.7 Tonnes of donated items were saved from Landfill through reuse, and 3.3 Tonnes through recycling. Equality Our policy dirtates that all people are treated equally regardless of race, creed, gender, sexual orientation or disability. Homelessness affects everyone and it is our role to ensure all are helped when in need. Premises Our premises are located close to the canal basin in Sheffield. Having been built in the late Victorian period the initial use wa5 that of a cutlery works and because of the history relating to the works the property is Grade 2 listed. Emmaus Sheffield is the owner of thi5 property known as Sipelia works. DurinE the tenure of the property the charity has made substantial improvements which include the creation of 18 self-contained en-suite bedrooms plus communal areas. We have also developed a substantial retail area for our social enterprise from which we sell items that have been donated to the public. We additionally have established a workshop and warehousing. In the workshop we refurbish donated items and make other items ranging from tables and chairs to benches, garden planters and various small household items from reclaimed wood. Inevitably due to the age of the property there are substantial maintenance and development costs required annually. We are currently involved in the substantial upgrade to the kitchen and laundry facilities required by the Community. We have also managed to create a garden space adjacent to the refurbished cafe area for Companions and visitors alike to take time in and to enjoy. Page 9
Emmaus Sheffield Re rt of the Trustees for the Year Ended 30 June 2024 OBJECTIVES AND A1VITIEs We continue to have the objective of expanding the number of Community rooms to help more people experiencing homelessness. Our goal as set out in our Strategic Plan '2022 and beyond" is to incrementally increase our Companion numbers to 24, to include move on accommodation for those who are starting their progress towards self-sufficient living. Our current plans which are under development will achieve this objective within the period of the Plan. Staff We have a talented and committed group of staff. the Trustees recognize and thank them for their energy and effort needed to ensure the Community and Companions are cared for We are conscious of the need for a strong safeguarding focus and this is under regular review forming an item within our risk register to ensure that all can be kept safe. The staff have been instrumental in the development of our social enterprise with great success in the sales areas being achieved by an excellent focus of the behind the scenes organisation which drives the success. Our workshop continues to develop providing an increasing supply of items which are sold through the shop. Our staff numbers have increased to ensure that all asperts of the Community and the social enterprise are delivered ettectively. We continue to monitor the effectiveness of the support we can offer as we move towards being able to offer accommodation to more Companions. We continue to invest in staff training and support. Specwfic traininE has been provided in fundraisinE, wellbeing, health and safety, data management and even self-defence! STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The information provided on page l of this report provides information on this matter. The Board meets once a month and the meetings are minuted and actions are tracked and reviewed. As well as the main Board we have established sub-committees dealing with Governance, Finance, Wellbeing and the Building. These sub-committees meet quarterly (the Finance sub-committee meets every two months) and report to the Board on salient matters and help develop policies and procedures to support better governance and management. Governing Document The organisation is a charitable company limited by guarantee, incorporated on 20 April 2000 and registered as a Charity no. 1085609. The Charity was established under a Memorandum of A550ciation which established the objects and powers of the Charity and is governed under its Articles of Association. Revised Memorandum and Articles were adopted at the Annual General Meeting on 28 March 2017. in line with current company law. In the event of the Charity being wound up members are required to contribute an amount not exteeding £1. The Charities Commission Euidance on the effertive governance of charities is also recognised as a necessary part of our operation. We review our governing document at least annually to ensure that it remains fit for purpose and update it as changes in the law of guidance dictate or as our charity develops. Page 10
Emmaus Sheffield Re rt of the Trustees for the Year Ended 30 June 2024 srRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and Appointment of Trustee Management Committee The Trustee board has seen a number of changes to personnel through the year due to resignations and new additions. We are aware of the need to recruit people with a diverse range of skills and there is in place a process of discussion and interview with prospective Trustees to establish how they will fill or expand the abilities of the board. All Trustees are aware of the need to be conscious of the involvement with vulnerable people and their responsibilities in that respect. We have a Safeguarding Policy that all Trustees are aware of and are familiar with. In addition to its regular meetings, the board has "away day meetings" with a view to ensuring the aims and objectives of the charity are both clear and are being fulfilled. The first of these took the form of a training day with roles and responsibilities being debated and established. This was facilitated externally and the learnings from that experience have been taken back into board meetings, have shaped the development of our policies and procedures and help guide us to attaining the objectives set out in our Strategic Plan. The recruitment and expansion of the board is a regular agenda item. this also includes space for a companion representative. This does not always happen due to reticence from the Companion group, but we definitely welcome and encourage their presence and input when it occurs. Trustees are elected for a period of three years as stated in the memorandum and articles with re-election required at the end of the period. In the reporting period 2 trustees were elected {1 being a new appointment and I being a reappointment). Risk Management This very important issue is an agenda item at the monthly board meeting. A risk register has been established and is regularly reviewed to ensure that there are clear priorities in place to protect the Community. As well as being reviewed at Board level relevant sections of the risk register are reviewed by the various sub-committees and updated as necessary. During the year we have reviewed the majority of our policies to cover management, data protection, financial controls, health and safety, well-being and property matters to ensure we are up to date on all the relevant needs of the Community and social enterprise. Organisational Structure The board is currently comprised of 7 Trustees with meetings held every third Wednesday of the month to review and discuss the performance and strategic direction of the Charity- In addition to the Trustees the CEO and Community Leader attends the meeting to ensure that the needs of the Community are Clearly understood and are being acted upon. There are sub-committees as outlined above that meet quarterly to review their areas of delegation and to make recommendations to the board as they see fit. A scheme of delegation has been agreed with the CEO and Chairman delegated financial and operational authority to ensure the smooth running of day to day matters. Page 11
Emmaus Sheffield Re rt of the Trustees for the Year Ended 30 June 2024 srRUCTURE, GOVERNANCE AND MANAGEMENT Fundraising Income raised through fundraising and general donations was £328,841 {2023= £126.9941. We are very grateful to all the trusts and foundations that have supported our charity over the year. We would also like to thank all those who support our charity through donations, both money and goods. and those who shop with us. Without the support of our local community. we would not be able to do what we do. and our Companions lives are all the better for it. While our aim is to become self-sufficient. we know we are many years away from this goal. With the continued support and resilience of our Companions and local community. and our bold plans for the future. this aim gets closer each year. Our approach to fundraising is to only to apply for grants where we align with the funders, priorities. We do not use third parties and we use techniques that are ethical, legal, do not inconvenience the public, and are not detrimental to our good name or standing in the local community- We do not use general solicitation techniques by telephone or door-to-door, and all fundraising activities undertaken follow the Fundraising Regulators Code of Fundraising Practice. We have received no complaints about fundraising during the year. Our fundraising techniques include: Bids to grant making charities, foundations and trusts Bid5 to commercial and public sector funders for defined grants Using leaflet distribution. social media and our website to promote our charity Crowdfunding opportunities to raise awareness, funds and donations Financial Review The Trustees are satisfied with the financial position of the charity at the end of this financial year. The overall income generated was £831,22212023= £567.2421 which was a 45% increase on the previous year. This increase was due to a strong retail performance which increased by 23% and a great year of fundraising. We received donations, grants and legacies of £328,84112023.. £126,994). Income from the social enterprise added £320,792 12023.. £254,222) to our finances. Housing Benefit for the Companions for the year was £181,58912023- £186,026). Expenditure for the year was £661,56512023: £571.5571, which is an increase of 14%. The net movement of funds for the year amounted to a gain of £169.657 compared to the £4,315 deficit reported in 2023. This significant improvement was a team effort from everyone at Emmaus Sheffield. The additional retail sales. legacies and major donor contributions helped to provide a substantial income this year. Page 12
Emmaus Sheffield Re rt of the Trustees for the Year Ended 30 June 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Reserves policy The Trustees have carried out a review of their reserves policy. considering the value of reserves required to be held in cash or cash equivalents that are not restricted to or designated for particular purposes. This includes any capital projects or major repairs to the building that are planned. We agree that reserves should be maintained to provide sufficient funds to enable the charity to respond to a sudden loss of income or unforeseen liability, and to cover major issues and risks to the property and social enterprise. It allows the charity to continue to provide. in the short-term. the types of services required by our Companions whilst considering the way in which additional funds may be raised. Our policy during the period was to hold a minimum level of cash reseNes equal to 3 months operating expenditure, providing sufficient funds to meet our obligations to staff and the relocation of Companions in case of wind-up. When we set the reserve figure at the beginning of the period we allocated £165,000 based on our then experience and expenditure. Based on the expenditure at the close of the year to 30 June 2024, this approach would lead us to reserve an amount up to £165,000. During the period we kept our reserves under review and chose not to increase the reserve figure based on our perception of the low risks of a total failure of the charity as opposed to a period of business interruption. At 30 lune 2024, total funds stand at £1.435,207 of which £764.211 are restricted funds Iconsisting of a combination of Sipelia Works and restricted grants). This leaves unrestrirted funds of £670,996, of which £250,698 are unrestricted tangible assets and £226,546 are designated funds. Actual free unrestricted reserves £193.752. We adopt a risk based approach to setting our reserves and in setting our reserve each year we bear in mind our predicted future expenditure, the level of any free reserves, the extent to which designated but unused funds may be available when any reserve has to be activated. the likely costs associated with any business interruption, the perceived risks of a total business failure and the wider risks that we will face over that period. We will report in future on any changes to our reserve figure and the rationale for it. STATEMENTOFTRUSTEES, RESPONSIBILrriES The trustees (who are also the directors of Emmaus Sheffield for the purposes of company lawl are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practicel- Company law requires the trustees to prepare financial statement5 for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resource5 and application of resources, including the income and expenditure. of the charitable company for that period. In preparing those financial statements, the trustees are required ta select suitable accounting policies and then apply them con51Stently- observe the methods and principles in the Charity SORP,. make judgements and estimates that are reasonable and prudent- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at anv time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: there is no relevant audit information of which the charitable compan5 auditors are unaware,. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. Page 13
Emmaus Sheffield Re rt of the Trustees for the Year Ended 30 June 2024 AUDITORS The auditors, Sutton McGrath Hartley. will be proposed for re-appointment at the forthcoming Annual General Meeting. 1610112025 Approved by order of the board of trustees on . and signed on its behalf by= D W Thomas- Trustee Page 14
Re rtof the Inde ndent Auditors to the Members of Emmaus Sheffield Opinion We have audited the financial statements of Emmaus Sheffield Ithe 'charitable company'l for the year ended 30 June 2024 which comprise the Statement of Financial Activities. the Balance sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements= give a true and fair view of the state of the charitable company's affairs as at 30 June 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI11SAs IUKII and applicable law. Our resporssibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusion5 relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation o* the financial statements Is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and. except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statement5 or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material incon51Stencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have performed. we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Art 2(M)6 In our opinion, based on the work undertaken in the course of the audit: the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Page 15
Re rt of the Inde ndent Auditors to the Members of Emmaus Sheffield Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion= adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us.. or the financial statements are not in agreement with the accounting records and returns,. or certain disclosures of trustees, remuneration specified by law are not made.. or we have not received all the information and explanations we require for our audit.. or the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilitie5, the trustees {who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, a5 applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations. or have no realistic alternative but to do so. Page 16
Re rt of the Inde ndent Auditors to the Members of Emmaus Sheffield Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue a Report of the Independent Auditors that includes our opiflion. Re350nable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financi31 statements. The extent to which our procedures are capable of deterting irregularities. including fraud is detailed below- Our assessment of the susceptibility to material misstatement, whether by fraud or error, is made in a risk based approach. In this approach, laws and regulations applicable to the entity, such as the Companies Act 2006, United Kingdom Generally Accepted Accounting Practice including Financial Reporting Standard 102, Charities SORP, employment law, and Health and Safety law is considered. The policies and controls the entity has in place to comply with these laws are reviewed, by discussion, reviews of correspondence and registrations monitored by external bodies. The engagement team remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. Policies and controls relating to the risk of material misstatement as a result of fraud, management override of ontrols, and revenue recognitions are also considered. These are assessed by obtaining an understanding of the charity's operations and control environment. The policies and controls have been reviewed by discussion, review and sample testing of accounting entries. including journals. challenging assumptions and judgements. reviewing and evaluating related parties transactions, and wider background searches. Testin8 of income recognition and fund accounting is also completed. We have ensured that the engagement team have appropriate levels of competence and experience to effectively monitor these risks and carry out work relevant to our assessment of each risk, including consideration of the sector the charity operates in and its size and complexity. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Other matters which we are required to addre55 The comparative figures have not been audited a5 the audit exemption was taken. As far as we are aware there is no material misstatement in those figures. Page 17
Re rtof the Inde ndent Auditors to the Members of Emmaus Sheffield Use of our report This report is made solely to the charitable company's members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work. for this report, or for the opinions we have formed. James Salim FCCA Isenior Statutory Auditor) for and on behalf of Sutton McGrath Hartley 5 Westbrook Court Sharrowvale Road Sheffield South Yorkshire 5118YZ Date: 1610112025 Page 18
Emmaus Sheffield Statement of Fin?ncial Artivities for the Year Ended 30June 2024 2024 Total fund5 2023 Total funds Unrestricted funds Restrirted funds Notes INCOME AND ENDOWMENTS FROM Donatiolls and legacies 193.326 879 194,205 32,734 Charitable artivities Grants.contracts and fees Shop Income 222.589 290.705 93,636 316,225 290,705 280,286 235,763 Other trading activities Investment income Other income 15.676 6.911 7.51)) 15.676 6.911 7.5LM) 15,022 3,437 Total 736.707 94,515 831,222 567,242 EXPENDITURE ON Raising funds 281,774 36,145 317,919 257,081 Charitable activities Grants,contracts and fees 259,833 83,813 343,646 314,476 Total 541,607 119,958 661,565 571,557 NET INCOMEI{EXPENDITUREI Transfers between funds 195.100 16,434 125A431 (16,434) 169.657 14,3151 16 Net movement in funds 211.534 (41077) 169,657 14.3151 RECONCILIATION OF FUNDS Total funds brought forward 459.462 806.088 1.265.550 1,269,865 TOTAL FUNDS CARRIED FORWARD 670,996 764,211 1,435,207 1,265,550 The notes form part of these financial statements Page 19
Emmaus Sheffield Balance Sheet 30 June 2024 2024 Total fund5 2023 Total funds Unrestricted funds Restrirted funds Notes FIXED ASSETS Tangible assets li 250.698 843,098 1,093,796 1,101,340 CURRENT ASSETS Debtors Cash at bank and in hand 12 17.753 439.197 17,753 446,849 23,284 268,281 7,652 456,950 7,652 464,602 291,565 CREDITORS Amounts falling due within one year 13 (36.652) 19,137) (45,7891 140,8901 NET CURRENT ASss 420,298 (1,4851 418,813 250,675 TOTAL ASSETS LESS CURRENT LIABIllEs 670.996 841.613 1.512.609 1,352,015 CREDoR$ Amounts falling due after more than one year 14 (77,402) (77,402} 186,4651 NET ASSETS 670.996 764.211 1,435,207 1,265,550 FUNDS Unrestricted funds Restricted funds 16 670,996 764,211 459,462 806,088 TOTAL FUNDS 1,435,207 1,265,550 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. t tements were approved by the Board of Trustees and authorised for issue on 1 è'ft)'It40>4 and were signed on its behalf by.. D W Thomas- Trustee The notes form part of these financial statements Page 20
Emmau5 Sheffield Cash Flow Statement forthe Year Ended 30June 2024 2024 2023 Notes Cash flows from operating artivities Cash generated from operations 210A08 40,037 Net cash provided by operating activities 210.408 40,037 Cash flows from investing actmties Purchase of tangible fixed assets Sale of tangible fixed assets Interest received 137.821} 7.5¢J) 6,911 142,9861 3,437 Net cash used in investing artivities 123,410) 139,5491 Cash flows from financing actNlties Loan repayments in year (8,4301 18.5211 Net cash used in financing activities 18.4301 18,5211 Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginnlng of the reporting period 178,568 18,0331 268,281 276,314 Cash and cash equivalents at the end of the reporting period 446,849 268,281 The notes form part of these financial statements Page 21
Emmau5 Sheffield Notes to the Cash Flow Statement for the Year Ended 30June 2024 RECONCILIATION OF INCOME/IEXPENDThURE} TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net incomel{expenditurel for the reporting period {as per the Statement of Financial Activities) Adjustments for: Depreciation charges Profit on disposal of fixed assets Interest received Decrease/lincreasel in debtors Increase in creditors 169,657 14,3151 45,365 {7,500) {6,911) 5.531 4.266 34,017 13,4371 19421 14,714 Net tash provided by operatlons 210,408 40,037 ANALYSIS OF CHANGES IN NET FUNDS At 117123 Cash flow At 3016124 Net cash Cash at bank and in hand 268,281 178,568 446,849 268,281 178,568 446,849 Debt Debts falling due within l year Debts falling due after l year {633) 9.063 19.137) {77,402) 186,4651 194.%9} 8A30 {86,539) Total 173,312 186,998 360,310 The notes form part of these financial statements Page 22
Emmaus Sheffield Notes to the Financial Statements for the Year Ended 30June 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The linancial statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Atcounting and ReportinE by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income Donations and shop income will be recognised in the period in which they are received. Housing benefit, grants and rental income are all recognised in the period in which they relate, on an accruals basis. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accrua15 basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful Freehold property Plant and machinery Motor vehicles Computer equipment 2% on cost 25% on cost 25% on cost 25% on cost Emmaus Sheffield only capitalises purchases of a capital nature. where the value of the purchase is equal to or exceeds £1,000. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. Stocks Stock is recognised at the lower of cost and net realisable value. In respert of donations, stock is logged. however due to the nature of donations there is no value recognised. Page 23 continued..-
Emmau5 Sheffield Notes to the Financial 5tatements- continued for the Year Ended 30June 2024 DONATIONS AND LEGACIES 2024 2023 D Gascoyne- Legacy Mr Hugh Facey Crowdfunder Ltd Facey Family Trust S J BolEer Emmaus UK GiftAid Just Giving Charities Aid Foundation Other 76,722 75,000 10,145 5,000 1,025 4,052 6,044 2,787 1,310 6,478 19.516 2.502 4,437 3.240 3,681 194,205 32,734 OTHER TRADING AcfiviTIES 2024 2023 Rental Income Outwork 15,022 654 15,022 15,676 15,022 INVESTMENT INCOME 2024 2023 Deposit account interest 6.911 3,437 Page 24 continued..-
Emmau5 Sheffield Notes to the Financial 5tatements- continued for the Year Ended 30June 2024 CHARITABLE AcfiviTIE5 Unrestricted funds Restricted funds 2024 Grants, contracts and fees Housing Benefit Skipton BS Charitable Foundation South Yorkshire PCC South Yorkshire's Community Foundation The Beatrice Laing Trust The Charles and Elsie Sykes Trust The Hobson Charity The Morrisons Foundation The National lottery Garfield Weston The James Neil Trust Fund The May Hearnshaw Charitable Trust Sheffield Town Trust Church Burgesses 181,589 181,589 2,500 5,000 1,000 s,000 4.000 5,000 9,000 62,136 30,000 2,000 3,000 3,000 3,000 2,500 5.000 5.000 4,000 5,(M)O 9,(M)O 62.136 30,(0 2,000 3,(XlO 3,000 222.589 93,636 316,225 Trading Income Shop Income 290,705 290,705 Total 513.294 93,636 606,930 Unre5trirted fvnds Restrirted fund5 2023 Grants, contracts and fees Housing Benefit Anton Jurgens Charitable Trust Company of Cutlers Combined Charitable Cooperative Bank JG Graves Charitable Trust B & Q Foundation Rank Foundation Sheffield Church Burgesses Trust Sheffield City Council Sheffield Town Trust South Yorkshire PCC The Albert Hunt Trust The Ashworth Charitable Trust The Freshgate Trust Foundation The Hedley Foundation The National Lottery West Riding Masonic Charities Limited Garfield Weston Charities Trust The Hugh Neil Charity Asda Foundation 186.026 186,026 4,000 1,000 1,000 2,500 4.680 1,450 3,000 750 7,680 5,000 7,000 5,000 1,000 2,700 9,000 4,500 30,000 1,0 1,000 2,000 4,OLKI I,o(KJ I,ocH) 2,5CN) 4.680 1,450 3.1)00 750 4,680 5,000 7,OCKJ 3,1)00 1,000 2,700 9,0(Kl 4,51X) 30,000 1.000 1.000 2.1KJO 226.026 54,260 280,286 Trading Income Shop Income 235.763 235,763 Total 461,789 54,260 516,049 Page 25 continued..-
Emmaus Sheffield Notes to the Financial 5tatements- continued for the Year Ended 30June 2024 CHARITABLE AcfiviTIES COSTS Unrestricted Funds Restricted Funds Allocation 2024 Total 2023 Total Cost of generating funds Salaries Insurance Depreciation Transport costs Equipment costs Publicity Office, finance and other Governance costs Direct Direct Usage Direct Direct Direct Direct Direct 172.653 16.278 14.096 13.426 4,260 7,506 38,233 15.322 172,653 16,278 45.365 13,426 7,416 8,181 39,278 15,322 130,173 16,090 34,017 17,485 5,013 8,238 33,603 12,462 31.269 3.156 675 1.045 281.774 36.145 317.919 211.422 Charitable activitie5 Salaries Occupancy Food Companions allowance Training Travel Direct Direct Direct Direct Direct Direct 30,321 141,202 16,636 65.890 5,657 127 68,136 14,666 98,457 155,868 16,636 66,901 5,657 127 92,527 131,204 15,739 68,826 6,125 55 i.oii 259,833 83.813 343,646 314,110 541,607 119,958 661,565 571,191 Governance Examiners fee- inspection Auditors Fees Non recoverable VAT Direct Direct Direct 3,150 10.250 5.072 10,250 5,072 9,312 15,322 15.322 12,462 NET INCOME/{EXPENDITUREI 2024 2023 Depreciation Auditors fee5 Fees payable to the independent examiner 45,365 10,250 34,017 3,150 Page 26 continued..-
Emmaus Sheffield Notes to the Financial 5tatements- continued for the Year Ended 30June 2024 TRUSTEES, REMUNERATION AND BENEF5 There were no trustees, remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023. STAFF COSTS 2024 2023 Salaries and wages Social security costs Pension costs 247.437 17.431 7,205 204.596 12.609 5,495 £272,073 £222,700 Average number ofemployees Members of key management personnel 77,423 76,947 io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 31,184 1,550 32,734 Charitable activities Grants,contracts and fees Shop Income 226,026 235.763 54,260 280,286 235,763 Other trading activities Investment income 15,022 3,437 15,022 3,437 Total 511,432 55,810 567,242 EXPENDITURE ON Raising funds 222,814 34,267 257,081 Charitable activities Grants,contractS and fees 279,638 34,838 314,476 Total 502,452 69,105 571,557 INCOMEIIEXPENDrruRE) 8,980 {13,2951 14,3151 RECONCILIATION OF FUNDS Total funds brought forward 450,482 819,383 1,269,865 Page 27 continued..-
Emmau5 Sheffield Notes to the Financial 5tatements- continued for the Year Ended 30June 2024 io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL A1VITIES - continued Unrestricted funds Restrirted funds Total funds TOTAL FUNDS CARRIED FORWARD 459,462 806,088 1,265,550 ii. TANGIBLE FIXED ASSETS Freehold property Plant and machinery Motor vehicles Computer equipment Totals COST At ljuly 2023 Additions Disposals 1.562,934 1,718 6.115 8.627 44.681 19.597 {19,087) 36,653 7,879 1,650,383 37,821 119,0871 At 30June 2024 1,564.652 14.742 45.191 44,532 1,669,117 DEPRECIATION At lJuly2023 Charge for year Eliminated on disposal 487.200 31,269 6,114 1,619 21,716 10,883 {19.087) 34,013 1,594 549,043 45,365 119.0871 At 30 lune 2024 518,469 7,733 13,512 35,607 575,321 NET BOOK VALUE At 30June 2024 1,1)46,183 7,009 31,679 8,925 1,093,796 At 30June 2023 1,075,734 22,965 2,640 1,101,340 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors VAT Prepayments and accrued income 96 3,822 19,366 2.895 14.858 17,753 23,284 Page 28 continued..-
Emmaus Sheffield Notes to the Financial 5tatements- continued for the Year Ended 30June 2024 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loans and overdrafts (see note 15) Trade creditors Social security and other taxes Accruals and deferred income 9,137 10,251 4,325 22,076 8,504 13,491 3,239 15,656 45,789 40,890 14. CREDITORS: AMOUNTS FALLING DUE AER MORE THAN ONE YEAR 2024 2023 Other loans (see note 151 77,402 86,465 15. LOANS An analysis of the maturity of loans is given below= 2024 2023 Amounts falling due within one year on demand.. Bank loans 9,137 8,504 Amounts falling between one and two years.. Other loans - 1-2 years 9,925 9,197 Amounts falling due between two and five years.. Other loans- 2-5 years 24.604 28,714 Amounts falling due in more than five years.. Repayable by instalments= Other loans more 5yrs instal 42.873 48,554 Bank loans include two mortgages which are secured by a charge over the property at Unit 5, Sipelia Works, Cadman Street, Sheffield, S4 7ZG. The first mortgage of £19,603 charges interest at a rate of base rate plus 5.6% and is repayable by instalments until November 2027. The second mortgage of £66,936 charges interest at a rate of base rate plus 1.35¥o and is repayable by instalments until August 2034. Page 29 continued..-
Emmau5 Sheffield Notes to the Financial 5tatements- continued for the Year Ended 30June 2024 16. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 117123 At 3016124 Unrestrirted funds General fund Reserve Property Development 402.462 57,(M)O 195.100 (153,1121 169,546 444.450 226.546 459,462 195,100 16,434 670,996 Restricted funds Building Fund Sheffield Town Trust Emmaus UK Anton Jurgen5 Charitable Trust Cooperative Bank Rank Foundation The Ashworth Charitable Trust The Freshgate Trust Foundation The Hedley Foundation The National lottery West Riding Masonic Charities Limited Skipton BS Charitable Foundation The Beatrice Laing Trust The Charles and Elsie Sykes Trust The Hobson Charity 787,828 663 326 4.1)00 1,000 1850 5,000 1.000 1.156 {31,269) 16631 11891 756,559 137 {4,0001 (1,0001 (1,4501 15,0001 11,0001 11,1561 (9841 2.681 11.6661 2,500 1.015 2,51JQ (5,0001 (5,OlXII 806.088 125.443) (16.4341 764.211 TOTAL FUNDS 1,265,550 169,657 1,435,207 Page 30 continued..-
Emmau5 Sheffield Notes to the Financial 5tatements- continued for the Year Ended 30June 2024 16. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 736,707 (541,6071 195,IIM) Restricted funds Building Fund Sheffield Town Trust Emmaus UK Cooperative Bank South Yorkshire PCC The Ashworth Charitable Trust The Freshgate Trust Foundation The Hedley Foundation The National lottery West Riding Masonic Charities Limited Skipton BS Charitable Foundation South Yorkshire's Community Foundation The Beatrice Laing Trust The Charles and Elsie Sykes Trust The Hobson Charity The Morrisons Foundation 131.2691 16631 {1.0681 (I,O(KJl (5,0001 (5,0(YJl (1,0) (1,1561 162,1361 (1,6661 131.2691 16631 11891 11,0001 879 (5.0001 11,0001 11,1561 62,136 11,6661 2,500 2,500 1,000 5,000 4,000 5.000 9.000 {I,0001 {9,0(M)I 94,515 (119,9581 {25,4431 TOTAL FUNDS 831,222 (661,5651 169,657 Page 31 continued..-
Emmau5 Sheffield Notes to the Financial 5tatements- continued for the Year Ended 30June 2024 16. MOVEMENT IN FUNDS- continued Cornparatives for rnovement in funds Net movement in funds Transfers between funds At 117122 At 3016/23 Unrestricted funds General fund Reserve Property Development 375.482 75,000 8,980 18.000 118,0001 402,462 57,000 450,482 8.980 459,462 Restricted funds Buildirbg Fund Sheffield Town Trust Emmaus UK Anton Jurgens Charitable Trust Cooperative Bank Rank Foundation The Ashworth Charitable Trust The Freshgate Trust Foundation The Hedley Foundation The National lottery West Riding Masonic Charities Limited 818,918 131.0901 663 11391 4,000 1,000 1,450 5.000 1,000 1.156 787,828 663 326 4,000 1,000 1,450 5,000 1,000 1,156 984 2,681 465 2,681 819,383 113,2951 806,088 TOTAL FUNDS 1,269,865 14,3151 1,265,550 Page 32 continued..-
Emmau5 Sheffield Notes to the Financial 5tatements- continued for the Year Ended 30June 2024 16. MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 511.432 1502.4521 8,980 Restricted funds Building Fund Sheffield Town Trust Emmaus UK Sheffield City Council Albert Hunt Trust Anton Jurgens Charitable Trust B & Q Foundation Ccct Cooperative Bank IG Graves Charitable Trust Rank Foundation South Yorkshire PCC The Ashworth Charitable Trust The Freshgate Trust Foundation The Hedley Foundation The National lottery West Riding Masonic Charities Limited 131,0901 14,0171 11,6891 17501 17,OtKJI 131,0901 663 11391 4.680 1,550 750 7.000 4.000 4.680 1.000 1.000 2.500 1.450 5.000 5.000 1,000 2,700 9,000 4,500 4,000 14,6801 11,0001 1,000 12,5001 1,450 15,0001 5,000 1,000 1,156 984 2,681 11,5441 18.0161 11,8191 55.810 169,1051 113,2951 TOTAL FUNDS 567,242 {571,5571 14,3151 Page 33 continued..-
Emmau5 Sheffield Notes to the Financial 5tatements- continued for the Year Ended 30June 2024 16. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position 15 as follow5: Net movement in funds Transfers between funds At 117122 At 3016/24 Unrestricted funds General fund Reserve Property Development 375.482 75,000 204.080 {135.1121 151,546 444,450 226,546 450,482 204,080 16,434 670,996 Restricted funds Buildirbg Fund Emmaus UK Anton JurBens Charitable Trust Rank Foundation The National lottery West Riding Masonic Charities Limited Skipton BS Charitable Foundation The Beatrice Laing Trust The Charles and Elsie Sykes Trust The Hobson Charity 818,918 465 162.3591 13281 4,000 1.450 756,559 137 14,0001 11,4501 19841 1,015 2,500 5,000 4.000 5.000 1,015 2,500 15,000 4,000 15,0001 819,383 138,7381 116,4341 764,211 TOTAL FUNDS 1,269,86S 165,342 1,435,207 Page 34 continued..-
Emmaus Sheffield Notes to the Financial 5tatements- continued for the Year Ended 30June 2024 16. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 1.248.139 11,044,059) 204,080 Restricted funds Building Fund Sheffield Town Trust Emmaus UK Shettield City Council Albert Hunt Trust Anton Jurgens Charitable Trust B & Q Foundation cc Cooperative Bank IG Graves Charitable Trust Rank Foundation South Yorkshire PCC The Ashworth Charitable Trust The Freshgate Trust Foundation The Hedley Foundation The National lottery West Riding Masonic Charities Limited Skipton BS Charitable Foundation South Yorkshire's Community Foundation The Beatrice Laing Trust The Charles and Elsie Sykes Trust The Hobson Charity The Morrisons Foundation 162,3591 14,6801 12,7571 17501 17,OtK)I 162,3591 4.680 2.429 750 7,000 4,000 4,680 1.000 1.000 2.500 1.450 10.000 5,000 1,000 2,700 71,136 4,500 2.500 1,000 5,000 4,000 5.000 9,000 13281 4,000 14,6801 11,0001 11,0001 12,5001 1,450 iio.0001 15,OlX)I 11,0001 12,7001 170,1521 13,4851 984 1,015 2,500 {I,ocH)I 5,000 4,000 5.000 19,0001 150,325 1189,0631 138,7381 TOTAL FUNDS 1.398,464 11,233,122) 165,342 Purpose of Designated fvnd5: The Trustees have designated funds of £226.546 towards property development of Unit 5. Sipelia Works, Cadman Street, Sheffield, S4 7ZG. Purpose of Restricted funds: Sheffield Town Tmst grant was used as part ofthe projectto refurbish the Companion rooms. The Ashworth Charitable Trust grant was used as part of the project to refurbish the Companion rooms. Emmaus UK grants were provided to help with training opportunities. IT equipment and counselling sessions. Page 35 continued..-
Emmaus Sheffield Notes to the Financial 5tatements- continued for the Year Ended 30June 2024 16. MOVEMENT IN FUNDS- continued The National Lottery grant was used a5 part of our courtyard garden project, funding the creation of a new garden area in the middle of our Community. Additional funding towards salary costs of the Community SupportTeam were also made. South Yorkshire PCC provided funding towards the salary costs of a full time Community support worker. Anton Jurgens Charitable Trust provided a Erant towards capital costs. The Hedley Foundation contributed towards out Clothing fund, providing a grant towards clothing for the Companions. The Freshgate Trust Foundation contributed towards out Clothing fund. providing a grant towards clothing for the Companions. Co-operative Bank contributed towards out Clothing fund. providing a grant towards clothing for the Companions. Rank Foundation provided a grant towards the cost of workshop equipment, specifically a CNC machine. West Ridings Masonic Charities Limited grant was used towards the refurbishment of our café. Skipton BS Charitable Foundation provided funding towards the relocation of our Community Laundry to inside the building. South Yorkshire's Community Foundation provided funding towards the salary costs of a part time Community support worker working on the health and wellbeing of our Companions. The Beatrice Laing Foundation contributed towards the cost of purchasing a new environmentally freindly delivery van. The Charles and Elsie Sykes Trust provided funding towards the relocation of our Community Laundry to inside the building. The Hobson Charity contributed towards the cost of purchasing a new environmentally friendly delivery van. The Morrisons Foundation provided funding towards the complete refurbishment of our new Training and Therapy Room. Funds Transfers: Unrestricted funds have been transferred into restrirted funds to prevent deficit's within individual funds, in the prior year designated funds had been transferred into unrestricted funds in line with the purpose of the designated funds disclosed above. Page 36 continued..-
Emmaus Sheffield Notes to the Financial 5tatements- continued for the Year Ended 30June 2024 17. CONTINGENT UABILITIES In previous years grant funding has been received from Emmaus UK to support development of the project IEmmaus Sheffieldl. The philosophy of Emmaus UK is that grant funding from them to any Emmaus community should be repaid when and if the receiving community is financially self-supporting. The Trustees position is that the grant does not give rise to a legal obligation for repayment. No provision for repayment of the grants has therefore been made. Emmaus Sheffield recognise the general philosophy of Emmaus UK though it is unlikely in the foreseeable future to be in a financially self-supporting position. 18. RELATED PARTY DISCLOSURES During the year the Charity received donations from other Emmaus companies as outlined in the the Report of the Trustees. There are no other related party transartions in this or the prior year. Page 37