**Registered number: 5075117 Charity number: 1110220**
## **EMMAUS MERSEYSIDE**
**(A company limited by guarantee)**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2023**
## **EMMAUS MERSEYSIDE**
## **(A company limited by guarantee)**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the company, its Trustees and advisers**|1|
|**Trustees' report**|2 - 4|
|**Independent examiner's report**|5 - 6|
|**Statement of financial activities**|7|
|**Balance sheet**|8 - 9|
|**Statement of cash flows**|10|
|**Notes to the financial statements**|11 - 28|
**(A company limited by guarantee)**
## **EMMAUS MERSEYSIDE**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023**
|**Trustees**|Ms Joanne Henney|
|---|---|
||Ms Neina Cave|
||Mr Phil Adams|
||Mr Nick Thompson|
||Mr Leon McCowan|
||Ms Debbie King|
||Mr Paul Carhart|
|**Company registered**
**number**
5075117
**Charity registered**
**number**
1110220
**Registered office**
C/O Langtons, The Plaza
100 Old Hall Street
Liverpool
L3 9QJ
**Company secretary**
Mr Phil Adams||
Page 1
**EMMAUS MERSEYSIDE**
**(A company limited by guarantee)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023**
The Trustees present their annual report together with the financial statements of the company for the 1 April 2022 to 31 March 2023. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
## **Objectives and activities**
## **a. Policies and objectives**
The charity was formed on 15 March 2004. The charity's objective is to establish an Emmaus Community in Merseyside. The charity is affiliated to the Emmaus movement in the UK.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **b. Review of Activities and Achievements**
Over the course of the reporting period, we have provided support to a total of 66 companions within our supported accommodation.
Our community garden continues to thrive, now having over 10 consistent volunteers who help to shape, grow & harvest within the garden, and a group of companions to support this effort. The infrastructure of the garden now includes three Commercial Polytunnels, over 20 raised beds, and a woodworking shop where a diverse range of high-quality wooden products, plants, and produce are crafted for sale, all of which are made using recycled pallet wood that would be otherwise destined for landfill.
In alignment with our commitment to social responsibility, we have extended acts of solidarity by donating over £5,000 in solidarity furniture, volunteering hours, and vehicle hours. Furthermore, our retail shop has experienced notable success, generating an impressive income exceeding £271,000, with Gift Aid sales amounting over £30,000, contributing £7,500 towards charitable income.
As an integral part of our sustainability initiatives, the sale of donated goods within our shop has not only been financially beneficial but has also resulted in the diversion of more than 115 tonnes of waste from landfills. We remain dedicated to exploring additional upcycling opportunities to further our ongoing efforts toward a greener future.
Within our community house, we have implemented environmentally conscious measures by installing solar panels on the roof, a project generously funded through the Emmaus UK Environment fund. This initiative has significantly reduced our energy consumption, leading to cost savings. Additionally, the strategic replacement of one of our vans with a more modern counterpart has enhanced our operational efficiency for deliveries and collections, concurrently minimizing repair expenses associated with older vehicles.
We express our gratitude to both individuals and organizations that have provided unwavering support throughout this period, as their contributions have been instrumental in our continued growth and success.
Page 2
## **EMMAUS MERSEYSIDE**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023**
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **b. Reserves policy**
The company's Reserves Policy requires it to maintain sufficient funds to meet 3-6 months of operating costs without income. In common with many other charities the company must generate significant income from their trading activities to sustain their ongoing operations. The cash surplus held by the company at the date of signing the accounts satisfies the policy's requirement of holding sufficient cash to cover at least 6 months' of operating costs.
## **Structure, governance and management**
## **a. Constitution**
Emmaus Merseyside is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.
## **b. Methods of appointment or election of Trustees**
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
## **c. Trustees' indemnities**
In accordance with normal commercial practice, the charity has suitable insurance in place to protect Trustees and officers from claims arising from negligent acts, errors or omissions occurring whilst on charity business.
## **Members' liability**
The Members of the company guarantee to contribute an amount not exceeding £1 to the assets of the company in the event of winding up.
Page 3
## **EMMAUS MERSEYSIDE**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023**
## **Statement of Trustees' responsibilities**
The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees' report and the financial 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 . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 11 December 2023 and signed on their behalf by:
**Mr Phil Adams**
**Ms Joanne Henney**
Page 4
## **EMMAUS MERSEYSIDE**
## **(A company limited by guarantee)**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023**
## **Independent Examiner's Report to the Trustees of Emmaus Merseyside ('the company')**
I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 March 2023.
## **Responsibilities and Basis of Report**
As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiner's Statement**
Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants of England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.
Page 5
## **EMMAUS MERSEYSIDE**
## **(A company limited by guarantee)**
**INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023**
Signed: Dated: Susan Buckley FCA
11 December 2023
SBA Accounting Limited
Gladstone House, 2 Church Road, Liverpool, L15 9EG
Page 6
## **EMMAUS MERSEYSIDE**
## **(A company limited by guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023**
|**Note**
**Income from:**
Donations and legacies
4
Charitable activities
Investments
5
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
6
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2023**
**£**
**273,663**
**-**
**170**
**273,833**
**543**
**235,532**
**236,075**
**37,758**
**26,278**
**37,758**
**64,036**|**Restricted**
**funds**
**2023**
**£**
**66,934**
**185,377**
**-**
**252,311**
**-**
**147,543**
**147,543**
**104,768**
**213,346**
**104,768**
**318,114**|**Total**
**funds**
**2023**
**£**
**340,597**
**185,377**
**170**
**526,144**
**543**
**383,075**
**383,618**
**142,526**
**239,624**
**142,526**
**382,150**|_Total_
_funds_
_2022_
_£_
_278,575_
_158,209_
_765_|
|---|---|---|---|---|
|||||_437,549_|
|||||_-_
_417,770_|
|||||_417,770_|
|||||_19,779_|
|||||_219,845_
_19,779_|
|||||_239,624_|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 11 to 28 form part of these financial statements.
Page 7
## **EMMAUS MERSEYSIDE (A company limited by guarantee) REGISTERED NUMBER: 5075117**
## **BALANCE SHEET AS AT 31 MARCH 2023**
|**Note**
**Fixed assets**
Tangible assets
11
**Current assets**
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within one
year
13
**Net current assets**
**Total assets less current liabilities**
Creditors: amounts falling due after more
than one year
14
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds:
Restricted funds
15
Restricted Fixed Asset Fund
15
Total restricted funds
15
Unrestricted funds
15
**Total funds**|**6,164**
**433,805**
**439,969**
**(47,896)**
**281,537**
**36,577**|**2023**
**£**
**36,577**
**36,577**
**392,073**
**428,650**
**(46,500)**
**382,150**
**382,150**
**318,114**
**64,036**
**382,150**|_3,205_
_416,919_
_420,124_
_(115,312)_
_199,429_
_13,917_|_2022_
_£_
_13,917_
_13,917_
_304,812_
_318,729_
_(79,105)_
_239,624_
_239,624_
_213,346_
_26,278_
_239,624_|
|---|---|---|---|---|
The company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
Page 8
## **EMMAUS MERSEYSIDE**
**(A company limited by guarantee) REGISTERED NUMBER: 5075117**
**BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2023**
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 11 December 2023 and signed on their behalf by:
Mr Phil Adams Ms Joanne Henney
The notes on pages 11 to 28 form part of these financial statements.
Page 9
## **EMMAUS MERSEYSIDE**
## **(A company limited by guarantee)**
## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023**
|**Cash flows from operating activities**
Net cash used in operating activities
**Cash flows from investing activities**
Dividends, interests and rents from investments
Purchase of tangible fixed assets
Rounding
**Net cash used in investing activities**
**Cash flows from financing activities**
**Net cash provided by financing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**
The notes on pages 11 to 28 form part of these financial statements|**2023**
**£**
**49,746**
**170**
**(33,031)**
**2**
**(32,859)**
**-**
**16,887**
**416,918**
**433,805**|_2022_
_£_
_(51,592)_
_765_
_(2,821)_
_(1)_
**(2,057)**
**-**
**(53,649)**
_470,567_
_416,918_|
|---|---|---|
Page 10
**(A company limited by guarantee)**
## **EMMAUS MERSEYSIDE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **1. General information**
The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.
Emmaus Merseyside is a registered charity.
The registered office is c/o Langtons, 11th Floor, The Plaza, 100 Old Hall Street, Liverpool, L3 9QJ.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Emmaus Merseyside meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
Page 11
**EMMAUS MERSEYSIDE**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **2. Accounting policies (continued)**
## **2.2 Income**
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the company, can be reliably measured.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees' report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
## **2.3 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 benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable 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 activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.
Page 12
**(A company limited by guarantee)**
## **EMMAUS MERSEYSIDE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **2. Accounting policies (continued)**
## **2.4 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **2.5 Tangible fixed assets and depreciation**
Tangible fixed assets costing £1000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following bases:
Motor vehicles - 25% straight-line - Fixtures and fittings between 20% and 33.3% straight-line
## **2.6 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.7 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2.8 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
Page 13
**(A company limited by guarantee)**
## **EMMAUS MERSEYSIDE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **2. Accounting policies (continued)**
## **2.9 Financial instruments**
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.10 Pensions**
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.
## **2.11 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
## **3. Critical accounting estimates and areas of judgment**
Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Critical accounting estimates and assumptions:
There are no accounting estimates that we deem to be critical.
Page 14
**(A company limited by guarantee)**
## **EMMAUS MERSEYSIDE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **4. Income from donations and legacies**
|**Donations**
The Steve Morgan Foundation
The National Lottery
Emmaus UK r.e. Solar Project
Garden grants
Other grants
**Subtotal detailed disclosure**
Donations
Sales of donated furniture
**Subtotal**
**Donations**
Emmaus UK
Kickstarter grants
Other donations
Albert Hunt
Other grant for garden
**Subtotal detailed disclosure**|**Unrestricte**
**d funds**
**2023**
**£**
-
-
-
-
-
-
7,239
266,424
273,663
273,663
_Unrestricted_
_funds_
_2022_
_£_
_-_
_-_
_-_
_-_
_-_|**Restricted**
**funds**
**2023**
**£**
4,000
10,000
35,000
17,934
-
66,934
-
-
-
66,934
_Restricted_
_funds_
_2022_
_£_
_13,925_
_3,032_
_3,843_
_5,000_
_2,000_
_27,800_|**Total**
**funds**
**2023**
**£**
**4,000**
**10,000**
**35,000**
**17,934**
**-**|
|---|---|---|---|
||||**66,934**|
||||**7,239**
**266,424**|
||||**273,663**|
|||||
||||**340,597**|
||||_Total_
_funds_
_2022_
_£_
_13,925_
_3,032_
_3,843_
_5,000_
_2,000_|
||||_27,800_|
Page 15
**(A company limited by guarantee)**
## **EMMAUS MERSEYSIDE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **4. Income from donations and legacies (continued)**
|Donations
Sales of donated furniture
Similar incoming resources
**Subtotal**
**5.**
**Investment income**
Investment income
Investment income - local cash|_Unrestricted_
_funds_
_2022_
_£_
_5,671_
_242,300_
_2,804_
_250,775_
_250,775_|_Restricted_
_funds_
_2022_
_£_
_-_
_-_
_-_
_-_
_27,800_
**Unrestricte**
**d funds**
**2023**
**£**
170
_Unrestricted_
_funds_
_2022_
_£_
_765_|_Total_
_funds_
_2022_
_£_
_5,671_
_242,300_
_2,804_|
|---|---|---|---|
||||_250,775_|
|||||
||||_278,575_|
||||**Total**
**funds**
**2023**
**£**
**170**|
||||_Total_
_funds_
_2022_
_£_
_765_|
Page 16
**(A company limited by guarantee)**
## **EMMAUS MERSEYSIDE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **6. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|Accommodation
Trading activities
Accommodation
Trading activities
Finance costs|**Unrestricte**
**d funds**
**2023**
**£**
141,019
94,513
235,532
_Unrestricted_
_funds_
_2022_
_£_
_66,805_
_166,132_
_901_
_233,838_|**Restricted**
**funds**
**2023**
**£**
139,450
8,093
147,543
_Restricted_
_funds_
_2022_
_£_
_183,932_
_-_
_-_
_183,932_|**Total**
**2023**
**£**
**280,469**
**102,606**|
|---|---|---|---|
||||**383,075**|
||||_Total_
_2022_
_£_
_250,737_
_166,132_
_901_|
||||_417,770_|
## **Summary by expenditure type**
|Accommodation
Trading activities|**Staff costs**
**2023**
**£**
140,077
5,159
145,236|**Depreciatio**
**n**
**2023**
**Other costs**
**2023**
**£**
**£**
-
140,391
10,370
87,078
10,370
227,469|**Total**
**2023**
**£**
**280,468**
**102,607**|
|---|---|---|---|
||||**383,075**|
Page 17
**(A company limited by guarantee)**
## **EMMAUS MERSEYSIDE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **6. Analysis of expenditure on charitable activities (continued)**
## **Summary by expenditure type (continued)**
|Accommodation
Trading activities
Finance costs|_Staff costs_
_2022_
_£_
_65,930_
_75,246_
_-_
_141,176_|_Depreciation_
_2022_
_£_
_-_
_7,704_
_-_
_7,704_|_Other costs_
_2022_
_£_
_184,806_
_83,183_
_901_
_268,890_|_Total_
_2022_
_£_
_250,736_
_166,133_
_901_|
|---|---|---|---|---|
|||||_417,770_|
## **7. Analysis of expenditure by activities**
|Accommodation
Trading activities
Accommodation
Trading activities
Finance costs|_Activities_
_undertaken_
_directly_
_2022_
_£_
_250,736_
_166,133_
_-_
_416,869_|**Activities**
**undertaken**
**directly**
**2023**
**£**
280,468
102,607
383,075
_Support_
_costs_
_2022_
_£_
_-_
_-_
_901_
_901_|**Total**
**funds**
**2023**
**£**
**280,468**
**102,607**|
|---|---|---|---|
||||**383,075**|
||||_Total_
_funds_
_2022_
_£_
_250,736_
_166,133_
_901_|
||||_417,770_|
Page 18
**(A company limited by guarantee)**
## **EMMAUS MERSEYSIDE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **7. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs**
|Staff costs
Depreciation
Rent and rates
Travel expenses
Bank charges
Computer and telephone
Repairs and renewals
Insurance
Heat and light
Volunteer expenses
Motor expenses
Sundry expenses
Companion allowances
Advertising and promotion
Food
Printing, postage and stationery
Training
Cost of sales
Gardening cost
Interest payable
Governance costs|**Accommod**
**ation**
**2023**
**£**
140,077
-
76,913
-
250
-
-
-
10,611
-
-
2,354
31,586
-
14,889
292
-
-
-
942
2,554
280,468|**Trading**
**activities**
**2023**
**£**
5,159
10,370
27,588
2,643
249
17,408
7,972
6,935
(11,341)
2,828
10,142
1,455
-
2,585
-
3,344
850
4,646
8,832
942
-
102,607|**Total**
**funds**
**2023**
**£**
**145,236**
**10,370**
**104,501**
**2,643**
**499**
**17,408**
**7,972**
**6,935**
**(730)**
**2,828**
**10,142**
**3,809**
**31,586**
**2,585**
**14,889**
**3,636**
**850**
**4,646**
**8,832**
**1,884**
**2,554**
**383,075**|
|---|---|---|---|
Page 19
**(A company limited by guarantee)**
## **EMMAUS MERSEYSIDE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **7. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs (continued)**
|Staff costs
Depreciation
Rent and rates
Bank charges
Computer and telephone
Repairs and renewals
Insurance
Heat and light
Volunteer expenses
Motor expenses
Sundry expenses
Companion allowances
Advertising and promotion
Food
Printing, postage and stationery
Training
Cost of sales
Gardening cost
Governance costs|_Accommodat_
_ion_
_2022_
_£_
_65,930_
_-_
_77,662_
_102_
_8,265_
_2,704_
_3,114_
_14,672_
_-_
_10,485_
_2,369_
_51,210_
_-_
_10,028_
_-_
_1,512_
_-_
_-_
_2,683_
_250,736_|_Trading_
_activities_
_2022_
_£_
_75,246_
_7,704_
_30,006_
_-_
_8,265_
_3,407_
_3,114_
_18,493_
_26_
_-_
_2,368_
_-_
_635_
_-_
_2,586_
_-_
_4,388_
_9,895_
_-_
_166,133_|_Total_
_funds_
_2022_
_£_
_141,176_
_7,704_
_107,668_
_102_
_16,530_
_6,111_
_6,228_
_33,165_
_26_
_10,485_
_4,737_
_51,210_
_635_
_10,028_
_2,586_
_1,512_
_4,388_
_9,895_
_2,683_|
|---|---|---|---|
||||_416,869_|
**8. Independent examiner's remuneration**
||**2023**|_2022_|
|---|---|---|
||**£**|_£_|
|Fees payable to the company's independent examiner for the independent|||
|examination of the company's annual accounts|**1,000**|_950_|
Page 20
**(A company limited by guarantee)**
## **EMMAUS MERSEYSIDE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **9. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**2023**
**£**
**135,345**
**7,973**
**1,917**
**145,236**|_2022_
_£_
_128,503_
_10,100_
_2,573_|
|---|---|---|
||||
|||_141,176_|
The average number of persons employed by the company during the year was as follows:
|Superstore
Residential|**2023**
**No.**
**3**
**2**
**5**|_2022_
_No._
_3_
_2_|
|---|---|---|
||||
|||_5_|
No employee received remuneration amounting to more than £60,000 in either year.
## **10. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2022 - £NIL)_ .
During the year ended 31 March 2023, no Trustee expenses have been incurred _(2022 - £NIL)_ .
Page 21
**(A company limited by guarantee)**
## **EMMAUS MERSEYSIDE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **11. Tangible fixed assets**
|**Cost or valuation**
At 1 April 2022
Additions
At 31 March 2023
**Depreciation**
At 1 April 2022
Charge for the year
At 31 March 2023
**Net book value**
At 31 March 2023
_At 31 March 2022_
**12.**
**Debtors**
**Due within one year**
Trade debtors
Prepayments and accrued income
VAT recoverable|**Motor**
**vehicles**
**£**
**26,595**
**25,833**
**52,428**
**26,595**
**3,229**
**29,824**
**22,604**
_-_|**Fixtures and**
**fittings**
**£**
**149,727**
**7,197**
**156,924**
**135,810**
**7,141**
**142,951**
**13,973**
_13,917_
**2023**
**£**
**-**
**3,099**
**3,065**
**6,164**|**Total**
**£**
**176,322**
**33,030**|
|---|---|---|---|
||||**209,352**|
||||**162,405**
**10,370**|
||||**172,775**|
||||**36,577**|
||||_13,917_|
||||_2022_
_£_
_427_
_638_
_2,140_
_3,205_|
Page 22
## **EMMAUS MERSEYSIDE**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **13. Creditors: Amounts falling due within one year**
|Bank loans
Other loans
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income|**2023**
**£**
**-**
**1,500**
**1,110**
**7**
**1,135**
**44,144**
**47,896**|_2022_
_£_
_9,422_
_1,500_
_467_
_-_
_1,150_
_102,773_|
|---|---|---|
||||
|||_115,312_|
## **14. Creditors: Amounts falling due after more than one year**
|Bank loans
Other loans|**2023**
**£**
**-**
**46,500**
**46,500**|_2022_
_£_
_32,605_
_46,500_|
|---|---|---|
||||
|||_79,105_|
The other loan is repayable in full in 2024.
Page 23
**(A company limited by guarantee)**
## **EMMAUS MERSEYSIDE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **15. Statement of funds**
## **Statement of funds - current year**
|**Balance at 1**
**April 2022**
**£**
**Unrestricted funds**
**8,576**
**-**
**17,702**
**-**
**-**
**26,278**
**199,429**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**199,429**
**13,917**
**213,346**
General Funds - all funds
Gift Aid income
Sales of donated items
Other revenue
Interest received
**Restricted funds**
Residential income
The Steve Morgan Foundation
The National Lottery
Residential income
Garden grants
Other grants
Kickstarter grant
Albert Hunt - garden project
Emmaus UK Solar Project
**Designated Fixed Asset Fund**
Designated Fixed Asset Fund
**Total Restricted funds**
**Total of funds**
**239,624**|**Income**
**£**
**-**
**7,239**
**266,424**
**-**
**170**
**273,833**
**4,000**
**10,000**
**185,377**
**17,934**
**-**
**-**
**-**
**35,000**
**252,311**
**-**
**252,311**
**526,144**|**Expenditure**
**£**
**-**
**(7,239)**
**(228,666)**
**-**
**(170)**
**(236,075)**
**-**
**(4,000)**
**-**
**(125,609)**
**(17,934)**
**-**
**-**
**-**
**-**
**(147,543)**
**-**
**(147,543)**
**(383,618)**|**Transfers**
**in/out**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**(15,463)**
**-**
**-**
**-**
**-**
**(7,197)**
**(22,660)**
**22,660**
**-**
**-**|**Balance at**
**31 March**
**2023**
**£**
**8,576**
**-**
**55,460**
**-**
**-**|
|---|---|---|---|---|
|||||**64,036**|
|||||**-**
**-**
**10,000**
**51,265**
**-**
**-**
**-**
**-**
**27,803**
**199,429**|
|||||**281,537**|
|||||**36,577**|
|||||**318,114**|
|||||**382,150**|
Page 24
## **EMMAUS MERSEYSIDE**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **15. Statement of funds (continued)**
Three grants were received in the year: two for the garden project and one for thea roof solar panel project. The residential and other income represents amounts received from Housing Benefit and sundry donors to fund the provision of the Emmaus Residential Community.
## **16. Summary of funds**
## **Summary of funds - current year**
|**Balance at 1**
**April 2022**
**£**
**26,278**
**199,429**
General funds
Restricted funds
Designated fixed asset
fund
**13,917**
**239,624**|**Income**
**£**
**273,833**
**252,311**
**-**
**526,144**|**Expenditure**
**£**
**(236,075)**
**(147,543)**
**-**
**(383,618)**|**Transfers**
**in/out**
**£**
**(22,660)**
**-**
**22,660**
**-**|**Balance at**
**31 March**
**2023**
**£**
**64,036**
**281,537**
**36,577**|
|---|---|---|---|---|
|||||**382,150**|
Page 25
**(A company limited by guarantee)**
## **EMMAUS MERSEYSIDE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **17. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
**Total**|**Unrestricte**
**d funds**
**2023**
**£**
-
64,035
-
-
64,036|**Restricted**
**funds**
**2023**
**£**
-
375,934
(47,897)
(46,500)
281,537|**Designated**
**Fixed Asset**
**fund**
**2023**
**£**
36,577
-
-
-
-
36,577|**Total**
**funds**
**2023**
**£**
**36,577**
**439,969**
**(47,897)**
**(46,500)**
**382,150**|
|---|---|---|---|---|
Page 26
**(A company limited by guarantee)**
## **EMMAUS MERSEYSIDE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
|**18.**
**Reconciliation of net movement in funds to net cash flow from operating activities**
**2023**
**£**
Net income for the year (as per Statement of Financial Activities)
**142,526**
**Adjustments for:**
Depreciation charges
**10,370**
Dividends, interests and rents from investments
**(170)**
Decrease/(increase) in debtors
**(2,959)**
Decrease in creditors
**(100,021)**
**Net cash provided by/(used in) operating activities**
**49,746**
**19.**
**Analysis of cash and cash equivalents**
**2023**
**£**
Cash in hand
**433,805**
**Total cash and cash equivalents**
**433,805**
**20.**
**Analysis of changes in net debt**
**At 1 April**
**2022**
**Cash flows**
**£**
**£**
Cash at bank and in hand
**416,919**
**16,886**
Debt due within 1 year
**(10,922)**
**9,422**
Debt due after 1 year
**(79,105)**
**32,605**
**326,892**
**58,913**|_2022_
_£_
_19,779_
_7,704_
_(765)_
_1,906_
_(80,216)_
_(51,592)_
_2022_
_£_
_416,918_
_416,918_
**At 31 March**
**2023**
**£**
**433,805**
**(1,500)**
**(46,500)**
**385,805**|
|---|---|
## **21. Pension commitments**
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,918 (2022 - £2,572)
Page 27
## **EMMAUS MERSEYSIDE**
**(A company limited by guarantee)**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **22. Related party transactions**
The company has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the company at 31 March 2023.
Page 28