Company registration number: 6429969 Charity giStratiOn number: 1123493 Emmaus Hastings and Rother (A compAny limiied by 8uarantee) Annual Report and Financial Statements for the Yw Ended 30 June 2024 Mannirtgtons Chartered Accountants 39 Hish Street BaEtle Eas¢ Sussex TN33 OEE
Emmalls Hastlngs and Rother Contents Rcfercnce and AdminIstr1Ve Details Tttees, Report 2to6 Sla¢emethl of Tnlets, Re5p)nsibilitles Independent Examin&s Report Stsiemcnt of Financial A¢VitieS 91010 Balance She¢¢ Ilto 12 Notes to the Financial Statemults 13to25
Emmaus Hastings and Rother Reference and Admlni5trative Details Trustees A J Calton D J Cooper M V Brooke T R W GritTIths G Adamson G D Williams ADPink P A Syk&% S Sheridan M M Charlesworth (resigned 6 November 2023) 2 Whitworth Road St Leonards on Sea East Sussex Prln¢ipal Office TN37 7PZ Thc charity is incorpornied An England and Wale5. 6429969 Company RegLstratlon Number Charity RegL%tr•tioD Nunjber 1123493 Bankers Lloyds Bank plc Terniinus Road Eastboume Eas( Sussex BN213AH Independent Examlner mannInonS Chartercd Accountants 39 High Street Battle East sU¢X TN33 OEE Page I
Enus Hastings and Rother Trtee5, Report The trustees prent their rqyort and the financial Statem for thc yegr ended 30 June 2024. Thc trustees th¢ dale of these accounts. WIKS are also directors of Emmaus Hastings and Rother (EHR) for the purp05¢s of ompany law. arc set out on page l. Structsre. Iwerttnee and nMDagem¢nt EHR is govemed ty its board of trslee$ undcr its articl&% of associion. The tharity is also constinrted as a ompany limited by guarantee and h&s no share capitsl. None of the trusiees held any burficial interest in the company at any timc during the year or Tettiv¢d any Ttsnunerion for their servicc5. EHR is a membcr of Emm8us UL the feduion of Fmmaus communiti¢s and grouF6 in the UK, and is a fi1 memtr of Emmaus IntMti011. Tnulees Tnts¢ees are proposed for clcaioD by m4>nber5 of thc LK)ard atMI aPinted by res011 of the iK)8rd 8nd EHR has always ien fornmate ID attrading a high 5thnd oftrus¢s with awide range of professional skills. The arlicles of a&sociion state that the numbtr of thLStccs shall not be less than five iArt not subject to any maximum. At exh AGM any tru&ees ap]nted by the iThrd since the last AGM must Ix reapwintrd and tl longest serving third ot. the In¢¢5 5tsnd down bui may off¢r th¢mselves for re-clection. Michael Edwards, a longstanding trnstee of Ihe charity. reslgned from the iM)ard in June 2024 and w¢ thank him for his eontriljuuon ov¢r many years. In January 2025, outside th¢ period fornialty covued by this rewL we were pleased welcome Siobhan Sheridan to the EKJar(L Membersliip Th¢ current mcmixthip of the chariry compriscs the tnmees kn£¢th with Maurcen Charlesworth (a retired trustees) and Emmaus UK. Organisalionalslruclure Sthff report io the trustees through the Community Manager ond are assist in the operntion ofthe ¢harity by mpanions - the residents of thc community - kngether with the trusiee5 and volunteers. During the period covered by this rep)rt our SUprt Worker reSIgd and w&s replaced and w¢ accepted our Busin&ss Manager's wish tt) reduce his working h(MTh These led to a revicw of other roles & responsibiliti and the recrniuncnt of a fiwther prt-tim¢ 5thff mcmiKr for the trading iw1. sthifing structure now comprises the Community MaTer Suped by a Dyty Community Manager. one fijlkiime & four part-lime members of stsff working al<8S1d¢ companions in the trading business together with a Support Worker and a Bookkeeper (iK)th part4ime). With six of our tM)w nine stsff working rArt-lime. tothl staffing at June 2024 equatrd 6.6 FTE. Rlsk managemenl The EHR Ixtsincss plan identifies spccTfic risks to Ihe SUCC of the woject idernified by the trustees and the id¢n¢ified countenneesurcs those risk& The busirthess plan and risks are regularty reviewed. Pa8e 2
Emmau8 Hastlngs and Rother Trustees, Report Objedfves and activities AiRns apklwinciples The primary aim of the charity is to provide homeless and socially excluded people with iK)th a horne end meaningful work and to assist others in greater nee(L in accordance with thc principi&s of Ihe Emrnaus MovemenL The trustees of EHR subscribe Ihe fijndamental principles of the inm&ional Emmaus movemenl enshrined in the Universal Manifesto of Ihe Emmaus movem¢nL the Emmous International Prin¢ipl¢s and MemiKrship Charter and the Emrnaus Iniemational solidarity commitments. Publi¢ hnefil Emmaus is a secular and nonylitical charity providing a successfiil model for the alleviation of homelessness and social exclusion and welcomes both men and women over the age of 18. The UK federation currently includes 29 communities with the capacity to support more than 850 fornierly hom¢le55 people and with fiwther three groups workin8 to establish new communitie& All are ind¢FMdent chartiies. The residenttal ommunities provide a home. sh¢ltcr and meaningful work for their residents. known as 'companions', many of whom come to Emmaus as a result of homelessness, relaiionship breakdown, uftemploymenl deb4 and alcohol or drug abuse. Work is provided by each community's social enterprise business, which typically trade in donated fiThiture and household goods and provide the basis for the community's largel of financial self-sustsinability. By providing a home and work within a supportive community environmeni those joining Emmaus communiiies are helped lo regain their self-esteem and gain the personal resouwes and skills to enable them move on lo independenc living &$ and when they wish io do so. The Government's 2019 English Indices of Deprivation (the mosl rccent availabl4 and for which 8n update is awailed) continued to identify H&siings &s one of thc 20 rnost deprived English LA are&8 and the most deprivcd in the SE outside London. Within this context EHR makes a unique contribuiion to the provision for homeless and socially VAcluded people in Has¢ings and Rother. Referrnls to the communiry Come frorn a range of sotwccs including local authorilies, statutory agencies, other local Charities and local health professionals and parthership working with these is soughi wherever possible. Beyond th¢ provision of a homc and work Emmaus wmmunities also benefit their ii'ider local communities by offering for sale Sond-hand donated goods at re&8onable pric and deliver an environmen1 benefit by eocouraging the reUSe and recycling of univanted household goo(Ls, saving hundreds of tons of Was from landfill each year. Many of our customers are people on very low incomes and, following the Emrnaus prtnciplc of helping thos¢ in the greatest need, we offer additional discounts to people in this situation. particularly those referred by other ¢horitics and agencies. Thes¢ dongtion5 in ki together with other solidarity aclivities, wer¢ valued at £4k for the year. Page 3
Emmaus Hastlngs And Rother Trnstees, Report A¢hlevemeDts and p¢rforniAn¢e Previous rerts. cov¢rin8 the years June 2023. describc thc founding of EHR supported by the established community of Emmaus Brighton & Hove: the 2009 purch&8c of the Whiiworth Road sile and opening of our social enlcrpri5e, construction of the first pht of the ¢0mmodatIOn block and ihe opening of the community in July 2011 with Capacity for nine companions. constrnction and opening of the second and third phases of the block which by June 2014 brought the cornmuniry its design capacity of 23; Ihe 2015 and 2017 openings of further shops in Battle (lease relinquished in 2021) and Bexhill: the impact in 2020 and 2021 of the Covid pandemi¢ and r¢Very from thaL While resolution in 2019 of th¢ lontrrunning dispule with Hasiin8s Borough Council over the level of h¢)using benefit paid to our companions and thc Ihcn 8overnmcnt's decision to shclvc plans for reforni ofthe ndIng of supported housing improved our financial posilion, i¢ h&s remained ihe view of the trustees that. to 5Ure the long-terni sustainability of the charity, w¢ should contlnue to tar8et r¢duced dependence on the bcncfil System throu8h 8rowth of our social cntcrprise lJusines5. Key feaiures of the year June 2024 are sumrnarid below and, as always, the Irustees notc their thanks to thc companions, staff icam, volunteers and donors who made ihese possible and io the wider EMMAUS movement in th¢ UK for its conlinuln8 SUPPOrt. . The number of mPanIonS livin8 in the community during th¢ year was just over 17 (74Vts), very cloK the figure for 2022123 and 88ain well bclow our tar8et of 90tA+ Four Companions joincd and four left th¢ community durin8 the year. two considered lo be positive 'mov¢ryons'. Noticeable amon8 reterrnls Ive in¢reasin8 numbcrs of p¢ople with higher support needs, a trend also seen elsewhere across the f¢d¢ralion. During the ycar roll-out began across the fvderation of the common rewd-keeping system for companion 5UPPOrt (CRM), r¢f¢rred to in last year's report and developed io meth the r¢quirements of the Supported Housing (Rcgulalory Over5i8h() Act 2023. . For th¢ social ¢nterpris< a 9% rise in turnover w £354k was tar8clcd for 2023124. mad¢ up of forcc&st sales of £295k al Whiiworth Road, £36k at Bcxhill and other tradin8 income of £23k. In the event tumovcr for ih¢ year w&$ £351k, mad¢ up of shop sales of £284k at Whilworth Road (b¢low foreca5tX £43k ai Bexhill (above forec&st) and other tyadin8 income of £24k. During the year covcred by this report there a1n no progress lowards ¢ompletion of th¢ long-await link road becen Scdle5comb¢ Road and Queensway that will follow the line of Whiiworth Road and pass immediately in front of our site. giving us much improved visibility and hopcfully footfall. At the date of this report. COnscli0n of this 600m slrelch of road w&s in its eighth ycar. However. in May 2024 East Sussex County Council announced Ih&¢ fundin8 had been secured to allow completion of the road by the ¢nd of the calcndur year. While this date may slip by a month or No, progress is at Icast now ¢learly visible. The community, including staff and uwtecs conltnues to play an active role in the UK fedcrnlion and will seek to contribute lo thc fcderdtion's dcvelopment plans, Locally. alongside the solidarity donations in kind referred to aEr*ve, hav¢ beeft pleased 10 8iv¢ material support lo a numkr ofother local chariti¢s working in similar area5 ¢0 ourselves, including the Haslings Foodbank, the Seavi¢w Dropin Centre and Warniing up the Homeless (Bexhill). Pagc 4
Emmaus Hastlngs and Rother Trustees, Report Flnantial revl¢w The year to 30 June 2024 saw a continuation of the overall gromryh in sales income that has been a feature or recent years. being up by just ov¢r 7 % on the prcvious year. On the other hand. receipis from th)natii)ns and legacies. which are of course an elcmcnt of our income which cannot be bUdged for: showed a maTked decrease despite some very generous grants and don&ions that were received and include thosc acknoiYled8ed below. The overall result was a small deficii of cxptnditur¢ over income. despite M'hich the charity continues (o show 4 sÉron8 balance sheet. The liquidity posilion is satisfactory. and will enable us to mov¢ foTward with mllnber of important capitsl projects including rationalisaiion of the main building and the replacemeni of our ageing fleet of vehicles. Grdnts or help in kind were received in thc year from the following: . Emmaus UK . The Foreshore Tnl . The Francis and Eric Ford Chariry Trust . Halton Baplisi Church . Marshall Tufflex . The Queen Mother's Clothing Guild • The &siate of David Sansbury deceased Tn athlition to the abovc, wc express our thanks for the donations given by privat¢ ¢TU5ts and individuals and for the widc rdnge ot'support we receive from odier corporaie and wmmunity orBanisations. Manningtons, Chart¢rcd Accountanis, remain the charitys accounts examiners. Reservespolicy The charitys financial objectives indude that we should retain a minimum reserve of free (unrestricted) funds ¢quival¢nt lo three months. opernting costs. This wsltion has bccn kcpt under review. and il is considered appropriate io retain this thTe¢-month criterion at the present time. Page 5
Emmaus Hastings and Rother Trustees, Report Plalls for futuwt wiods As identified in W¢Vio rep)rts, the ovuall financi obie¢tive of the in is to secure the long-terni sustainability of the charity by reducin8 deFaence on the benefii system through gromh and diversific1on of social ¢nierprise Ixjsine4 wimarily at Whitworth R08d As described earlicr in this reporl it ha5 proved unexpcctcdly difficult to grow cornpanion numbcrs back wity and doing so remains a prime objective for 2024125. Alongside thi5 is the need to comple the io ensure companion records meet the rquirements of the Supwrted Hou%ing (Regulatory Oversight) ACL The key objcctive5 for the year to June 2025 then as follows: . To conlinue to re4uild comF4niM numbers back towards our capaciry of 23, providing a home and meaningful work to anmmd 30 people over ts year and fithhcr improve companion trainin8 znd dcvelopmcnl opwrtunities. . To complete intrrylueiion of the common ¢ompanion record system developed by EUK in reswnse to the requirements of the sUprted Housing (Rcgulaw Oversi8ht) Act 2023. . A 5% rise in (urrK>ver to £371k is targrAed for our social enwise business. made up of shop sales of £295k Whitworth RoL £48k at Bcxhill and other trading inwme of£28L These figures includ¢ the negative impact of road closures &ssociatcd with compldion of the new link road on footfall at Whitworth Road through Autumn 2024 but make allowance for the anticiE*d posi¢ive IMP of its ¢p110 which should be becmiing apparent by thc cnd of the finala1 year. • To improvc the layoui of the trading building shop aTrJ office spKe and kn seck further fimdin8 to impyove energy efficiency in the face of L))ntinuing rixs in cncr&v costs. * To continue w seek new ¢nle¢S with the skills needcd help mainlain and grow the charity over coming Page 6
Emmans Hastlngs and Rother Statement of Trustees, Responsfibilllles Thc ¢rus1tt5 (wlb) arc also the directors of ErnM H&stings and Rothcr for the purpM of qjfflpany law) ere responsible for preparin8 the trustecs. rep)rt and the financial stslancnts in accordance with applicablc law and Uniied Kingdom Accounting Swthrds (United Kingdom Gen¢raily Accepied Accounting Praai¢e), includin8 FRS 102"The Financial Reporting Standard applicable in the UK aftd Republic of Ireland.. Company law rcquircs the trustres prepare financial Sthluncnts for each financial year. Under company law the trusiees must nol appTOVC the fjnancial st8trments Unle they are satisfied thai they give a truc and fair view of the sthre of affairs of thc charitable company and of the incoming r¢sourccs and application of r¢source& including its income and expendilure. of th¢ charitsblc CoMpY for thal period In preparing th¢sc fjnancial Slatcments. the truslees ore required to: s¢le¢( suithble accountin8 p)licies and apply thcm co1$1y. obscrye the methods and principles in the Charilies SORP: m&ke judgements and tlMateS thai are re&sonable 8nd pnthL' slate whether applicable a¢¢ountin8 Standard& comwisin8 FRS 102 have been followed. subject to any rn&eriat departu disclos•J and uplained in th¢ financial ststrm¢nts; and prepare the financial slalcmcnts on the 8oin8 concern bBsis unless it is inappropriaic lo presume th&¢ the charitsble company will coniinue in business. The IntteS are r¢S51b1¢ for kccpin8 proper accounting rccords can disclose with reasonable accuracy at any lime the financi posilion of the dwithble company and cnable them lo ensure thai th¢ financial stat¢m¢nts comply with the Companies Act 2006. They gre also responsible for safeguarding the 1C1S of the charitable company and henc¢ for tskin8 reasonable steps for the prev¢nlion and detection of fraud and other irregularilics. The trustees ore responsible for the maintenance and inie8rity of the corpornie and financial inforni81ion included on the clwithblc componv's websi. Le8isl&ion govemin8 the preparation and dissemirnlion of rinancial s(aiem¢nts may diffcr fmm Ic8islation in othcriurisdictions. Approved by the Irus¢tts of th¢ charity on 24 3. 1.s.. and si8Kd on its behalf by: ADPink Tn¢ P4¢7
Emmaw Hastings and Rother Independent ELqminer's Report to the trustees of Emmans Haslings and Rotber ('tbe Company,) I report the tharity tnjstees on my cxaminion of the 0)unts of the Cornpwny for the year ended 30 June 2024. RespoNslbllitles and b#sls Of rqrt As the charity's Irustee5 of th¢ Company (and also its directors for the PUTPW of company law) y(w are resFnsiblc for the prepardtion of the accoun in accor with the rw4uiranenLS of the compani Ad 2006 ('the 201)6 Ath.). Having salisficd mysdf that the accounts of the Cc%npzny are nol requird to b¢ autht¢d under Part 16 of the 2006 Act and are cligible f(x indepthdent examinatio I rewrt in respeci of my cxaminl of your chariry's accounts as wi¢d out und¢r seaion 145 of the Charities Act 2011 ('the 2011 Aa.). In carrying oui my lamination I havc followcd the Dircclions giv by the Charity Commission undcr section 145{5Xb) of thc 2011 Act. Independent eLqmiRw'3 ststement SirK¢ the Company's gross incomc exceeded £250.000 your examiner MU bc a of a body listed in 5edion 145 of the 2011 AL£ I confirni that l am qualifial rtde¢ the examination b¢awe l am a memb ot". which is one of the listed Edies. I have complded my examinalion. I confirm that tnallus Imvc (xMne KI my tention in conneclion with the xamination giving me to believe: l. accounting records were not kw in Tespccl ofErnmau5 Ha18$ Rother &$ required by section 386 of the 21x16 A¢ or 2. the accounts do not aceord with those records. or 3. the acwunts do not compfy with the )Unting ryiiremcnts of se1n 396 Of the 2006 Ac¢ other than any requircment that the &counts giv¢ a 'truc aTKI faiT view whith is T1 a maitCT considered as part of an indewdcni Cxwnlnatio or 4. the accounts have not be¢n prq)ared in accordance with the methods and principles of the Sthtement of Recommended Praclice for accounung and rep)rting by charities [appliL7ble to charilies weparing their accounts in accordance with the Financial Rewrting Stsndard applicable in the UK and Republic of Ircland (FRS 102)]. I have concerns and have come across oth< mAtlrJs in Conne with the examination to which attention should drawn in this rcport in order io cnable a proFr undustanding of the accounts to be reached. Rowena Walsh FCCA Chartcrcd Accounlants 39 High Street Baitle TN33 OEE
Emmaus Hastings And Rother St21ement of Financi21 Acliviti&q for the Year Ended 30 June 2024 (Ineludlng Income And Expenditure Aecount And Statement of Tot21 Recognised Gains and Loss) Total 2024 Unresti7cted Restrfeted Note Incomt •nd Endowments from: Donations and Icgaci¢s Charitable a1vIlle$ Invutsnent income Other income 17.429 468521 27,878 45,307 468.521 6,066 520 520 Totsl In¢ome 492 536 27.878 520.414 ExpeDditsre on: Charitsble activiti Govemanee sts (487.108) 4.150) (36.332) (523.440) 4,150 Totsl Exp¢ndilUTe 491.258) 30 332) 1.278 {8,454) 22.837 (22,837) 527.590) Nd incomeJ(exp¢nditure) Transfers between funds (7.176) Nel Mov¢nI in funds 24,115 (31,291) (7,176) Rttonc1112don of fuad¥ Totsl fimds brough¢ forward Tolal funds ¢arried forward 784.337 418.912 1.203249 21 808.452 387.621 1 196.073 The rxites on pa8cs 13 to 25 forni an in*graJ ofthese financial sthments. Page 9
Emmaus Hastings and Rother Statement of Flnancial Aclivities for tbe Year Ended 30 June 2024 (Including Ineome and Expendilure Account and Statement of Total Reeognised Gains and tAbsses) Total 2023 Unrestrlcted Restrfcted Note Income 4nd Endovrfments from: Don*ions and legacies ChaTithl¢ aclivities lftv&stmeni income Other income 57.284 420.450 2.693 27.485 29,941 87.225 420.450 2,693 27.485 Total Income 507,912 29,941 537.853 Expenditsr¢ on: Charitablc activiti Govemance costs {464.355) (50,071) {514.426) (4,800 Totsl Expenditure 469,155 (50,071 519226 Net incomel{expenditure) Transfers between ndS 38,757 {20.130) 3,129 18.627 Net movement in funds 35,628 (17.001) 18.627 Recotttlllatlon of funds Total fijnds brou8ht forward Total funds carried forward 748.709 435.913 1,184.622 21 784,337 418912 1203.249 All of the charity's acliviii¢s derivc from continuing opcraiions during the two periods: 2022123 (shown above) and 2023124 (shown on the previous page). The funds breakdown for 202Y23 and 2023124 is shown in n¢Xe 21. The notes on pages 13 25 forn] an inie8ral part of th<se financial slemenL$. Page 10
Emmaus Htill%5 and Rother IReglstration number: 6429969) BAlsnce Sheet as at 30 June 2024 2024 2023 Note Flxed w¢ts Tangible assets 14 869.580 861,022 Curr¢Jt asxts Stocks tkbtors C&th at bank and in hand 15 16 17 2.819 30,789 352.589 -3,044 32.626 356.246 386.197 391.916 Cr¢dlton: Amounts flllng due vAthln om¢ yur Net current w¢ts 154.371) 43.022 331.826 348.894 Total assets less current Ilbllltl•s 1.201.406 1.209.916 Credhors: Amounts hnlng due after mor¢ than •ne year Net as•ets 19 5,333 6.667) 1,190,073 .203,249 Funds of the charlty: Rostrlcted 387,621 418.912 Unrestrlcted In¢om¢ funds Unrestricwl 808,452 784JJ7 Total tsnds 21 1196073 1203.249 For the financial ycv ending 30 June 2024 the charity w&8 eniided to exemption from audit under 110 477 of ¢k Companics Ad 2006 relailng io small companie& Directors, reSkyyibIlltlCS. The members have nol required the charity ¢0 obtain an audit of its accounts for the year in question in accordancc with x¢lion 476. and Th¢ directors acknowledge their SEIbIlI1•eS for complying with the requirNnen¢S of the Ath with resix¢¢ a¢¢ounling records and the preparalion of a¢¢ounts. These accounts have been prepared in accordance with the wovisions applicablc to companies subjrft to the small companies regim¢. The ThX¢S on pagcs 13 25 r(Ym an Inleal part of these finantial $wernts.
Emmaus Hastings and Rother (RegistraÉfion number: 6429969) Balance Sheet as At 30 June 2024 Thc financlal statements on p88es 9 to 25 were approved by the trustee3, and authorised for issu¢ on %+.I.%S wid sign¢d on th¢ir b¢half by: ADPink Trnslee The notes on pascs 13 to 25 forni an integral part of these financial slatements. Pagc 12
Emmaus Hastlngs and Rother Noles to the Financlal Statements for tbe Year Ended 30 June 2024 I Charlty status The chRrity is limiied by guarantce. incorporated in En8land 8nd Wales, and nSeqUen11Y docs noi have share capital. Each of the trustees is liable io contributr an gmount not cxcceding £1 toii'ards the assets of the charity in the ¢v¢nt ofiiquidation. The address of its registered office is: 2 Whitworth Road Si LconArds on Sea EL8t seX TN37 7PZ 2 Aeeountlng pollele8 Summary of Jlgnlflc4nt attoontlng polltles and k¢y accountlng esdmit¢s The principal accouniin8 p)licies 8pplied in the preparalion of these financial sleMents are set out below. These policies have bccn consistcnily applied to all the years prcscnkd. unless otherwise sthied. Statement of eompll#nc¢ The finan¢iat slalements have been prepared in accordance with A¢wunling and Reportin8 by Charities: Statement of Recomrnendcd Practice (applicabl¢ to chariti¢5 prewin8 their accounts in a¢¢ordance with the Financial Reporting Swidard 4ppli¢ablc in the UK Rcpublic of Ireland (FRS 102)) (issued in October 2019) (Cherities SORP (FRS 102)), the Financial Rep)rtin8 Sthndard applicable in th¢ UK and R¢public of Irelend (FRS 102) and the Companies A¢12006. Basts of prepAfAtlon Emmaus HaslinBS and Rothcr meets the definition of a public benefit ¢niity under FRS 102. Asscls and liabilities are inilially rcco8niscd at historical cost or transaclion value unless otherwise 5thtcd in the r¢l¢v4nl 8ccounlin8 poli¢y notC5. Golng Concern The trustees consider that there are no material uncertalnlies aboui the Charitys ability to conilnue as a going concem nor any si8nifi¢ant ar¢as ofunccrlainry that affeci the carying valuc of asscts held by th¢ charity. Intomt •nd tDdowments Donallons andlegacles Donations are re¢o8nised where there is entitlemenL certainty of receipt and the amount ean be rnwured with sufficient reliability. Grnnts receivable Grants ue recognised when the charity has an cntitlement to the funds and any condition5 linked to th¢ gran¢S have been met. Where pcrforniance conditions are attached to the 8rant and arc ye( to b¢ met, the income is recognised as a liability and included on the balance sheet as d¢ferrcd income to be released. Jnvttthwiilneome Inv¢stmcn( income is recognised on a receivable bLsis. Pa8¢ 13
Emmaus Hastlngs and Rother Notes to the Financial Statements for the Year Ended 30 June 2024 Charilable odiviil Income from charitsble activities includes income recognised as earned (as the related 8ooILs or s¢rvices are provided) under conlracL Expenditsre Liabiliti arc rewgnised &$ soon &$ there is a Iwi or constructive obligation committing the charity to the expenditurc. All expenditure is accounted for on an a¢cnthls basis and has been cl&ssified under h¢pdings that aggregatr ail costs related to the category. Chariioble aedvlilex Charitable expenditure comprises those costs incurred by the charity in the delivcry of its activities end services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nathre necessary io support them. Grant wdiiure Grants payabl¢ ar¢ payments rnade to third parties in the furtherance of the ¢haritable objectives. Wher¢ th¢ ¢harity gives a grdnt with condilion5 for its payment being a specific level of service or output lo bc PTovided. such grants arc only rccogni5¢d in the SOFA once the rccipicnl orth¢ 11 has provided the specific service or outPUL Grants payable withoth p¢rfomiance conditions are only re¢o8nised in thc accounts wh¢n a commitment has been rnade and th¢re 8re no Lx)nditions to iK relating to the grant which remain in th¢ control of the dwity. Grdntproplslons Provisions for 8rants made when the intcntioD lo make a 8rant has been communicated to the recipient but ther¢ is uncertainty about either the timing of the grant or the amounl of grant payable. Govern4n¢e costs Gov¢rnance costs includc costs of the prepardtion and examination of the ststsjtory accoun the costs of trustcc meetings and the cost of any legal advice to ttiistee5 on govcrnancc or constitutional matlers. T4xatlon The charity is considered to pass the tests sct out in Paraaph I Schedule 6 of the Finanee Act 2010 and therefore it meets ihe definition of a charitable company for UK corporation lax purposes. Accordingly, the dwity is potentially exempt from wation in respect of income or Capital gains received within calegories covered by Chapter 3 Part I l of the Cory)ornfion Tax Aci 2010 or S¢ciion 256 of the Tation of Chargeable Gains Act 1992. to the cxteni that such income or 8ain5 are applied exclusively charithle purposes. T•ngible fixed assets Individual fixed assets costing £500 or more ar¢ initially recorded * cosL less any subsequent accumulatcd dcpreciation and subsequent cMUld1cd impairnient losse& Pag¢ 14
Emmgus Hgstings and Rother Notes to the FiD2ncial Ststements for tbe Year EDded 30 June 2024 DeprttiitioD and 2m•rttstlon Depre¢iation is provided on tangible fixed assets so &$ write off the cost or valuation. Icss any eslimaied residual valuc. over their expeCd uscful ccoN)mic life a5 ftillows: Asset cl Depreeiation method and Tate Buildings alone arc dewe¢iatcd ovcr 10. 25 and 50 years I Wo- 33% Slrnight line b&sis 25¥0 straight Ilne basis Land and buildings Fixtures and fittings Motor vehicles Stoek Stock is valued at the lower of COA 8nd ne( realis&ble valu< after due reyd for obsole and slow moving SCk. Net realisable value is based on selling price Icss anucipakd costs to ¢ornpldion and selling costs. Items donated for resale or distrib•( are not included tn the financial sthtanents until they sold or distril)uta. Cash Ind cash equfvilents Cash and equivalcnts comprise c&sh M hand ond call depisits. ond other SIM)rt-mi highly liquid invcstments that 4Te rc&dily convertible w a known &nouM of cash and arc subject lo an insignificanl risk of chon8¢ in val Trad¢ eredlto Trade credilors avc obli8alions lo pay for 8ts)ds or services have becn acquired in Ihe ordinary course or business from Suppliers. Accounts pJy8blc are cIlfied as ¢UTrent liabiliiies if the ¢harity does not have an unconditional ri8hL the end of thc rep)rting period, lo defer se¢il¢mcnt of the creditor for Iwt twelve months after the rertIng date. If there is an un¢ondiiional right d¢fv scttlemcnt for 81 leasi hvelve months afttt the rertIn8 d. they prcscntcd 4s liabilities. Borrowlngs Interest-bearin8 borrowinp are inilialjy recorded at fair valu¢ of transaaion costs. InteKs¢-b¢arin8 borrowings are subsequently carried at amortised cosL with thc difference bdween the proceeds. net of transaciion costs. and the amount due on redemmion Ing re¢o8nil as a char8c the Stsment ofFinancial Aclivi(i¢s over the period of the relevart borrowin8 Borrowin are classified as curreni liabililics unless the charity an Uncolonl ri8h¢ to defer settlrJnent or the liability for at Iwi nvelve monttK% after the rep)rtin8 da*. P4e 15
Emnthus Hastlngs and Rother Notes to the Financial Statements for the Year Ended 30 June 2024 Forelgn exchange Transactions in foreign currencies are rccordcd al the rate ofcxchmg¢ at th¢ da¢e of the transaclion. Monciary sscts and liabiliiies denominated in foreign currencies at the balance sheet dale are rep)rtcd at thc rates of exclwige prevailing ai that date. The results of ovcrseas opcrntions are translatcd at the average rates of exchange during the period and their balance sheets at the ratcs ruling al ihe balance sheet date. Exchange differences arising on tr8A%l8lion of the opening nel asscls and results of overseas operations are reported in other ¢omprehensive incomc and accumulad in equity (altribut to nonwcontrollin8 inlerests as appropriate). Other exclwige differcnces are reco8nised in thc Statement of Financlai A¢tiviiies in the pcriod in which they arise except for: l ) exchan8c differen¢es on transa¢tions enred into to hed8e ¢ertain foreign ¢urr¢ncy risks (Sce aknvc); 2) exchange differenc¢s wisin8 on gains or losses on non4none(ary items which are reco11Sed in other comprehensive income; atMI 3) in thc cas¢ of the consolldated financial ststrmen¢S, exchange dilTerences on monelary ilems rKcivabl¢ from or payablc to a foreign opera¢ion for which settlement is nciihcr planned nor likely to occur (therefo forn)ing pftrt of the net investsnent in the foreign operntion). which arc re¢ognis¢d in oiher comprchensivc income and reported under equity. Fund stru¢ture Unrcslricied income funds art general funds Ihat available for use at the truslces discretion in furtherance of the objeciives ofthe chariry. Restricted income fwids are those donated for in • parti¢u14r area or for specific purw)sc4 thc of whith Is rcstri¢l¢d lo tha¢ area or prM)se. Penslons ind other post retlr¢ment obllgatlons The charity operales a defined conlribution pcnsion sch¢me. Coniributions arc charged in the stslement of financial actlvities as they become payable in a¢eordonce with the rules of the scheme. Page 16
Emmaus Hastlngs and Rother Notes to the Financial Statements for the Year Ended 30 June 2024 3 Income from dongtlons and legacl Unrestrirted runds GenerAI Restrltted funds Total 2024 Totsl 2023 Donations and legacies. Donati0Trs from individuals Grant4 including capitsl grants. Grants from other charities Grants from companics 17,429 25,000 42.429 56.934 28,365 1.926 2.878 2.878 17,429 27.878 45,307 87.225 4 In¢om¢ from charltible gctlvltlu Unwlrl¢t¢d Total 2024 Totsl 2023 General Sale of se¢on&hand doned 8oods Accommodation for homeless pcople 352.607 115.914 352,607 115,914 328,635 91.815 468.521 468,521 420,450 S Investment In¢ome Unrestrlct¢d nds General Total 2024 Totsl 2023 Other incomc from current assth investments 6,066 6,066 2,693 Page 17
Emmaus Hastlngs and Rother F4o¢es to the FlnaDclal StsÉements for the Year Ended 30 June 2024 6 Other Income Unrestri¢ted Dds Gtserl Total 2024 Total 2023 R¢ntal income Other incomc 270 250 270 250 2.145 25.340 520 520 27.485 The insurance claim of £25.340 in th¢ year 30 Junc 2023 rela to swm dama8e kn thc accommodaiion block. Th¢ ¢¢rr¢sponding repAir cApditUre amounted to £26,832 and is tncluded in th¢ exp¢ndi(Iire on clwithble a¢iivi¢ies for the year within the ladin8-A¢c4)mmodation for thc homeless- (sx notc 7 below). 7 Expendlture on charltsbl• actlvltles Uorestrleted To¢1 2024 Total 2023 General Restvlrted Note Sale of second-hand donated 8d$ Accomodalion for the homeless Gr1 fundin8 of activilics SialTcosts 121.937 10,974 132,911 146,093 150,406 2S.358 175,764 184,251 628 183454 214.765 214 765 487 108 36,332 523 440 514 426 In addilion the pendire analysed thue aTg also govfflwe costs of £4.150 (2023 - £4.800) which relale dir¢c¢ly ¢harltsble adiviiies. Sce noie 8 for firthtt detail Pa8¢ 18
Ernrna Hastings and Rother Notes to the Financial Slalements for the Year Ended 30 June 2024 Sale Trf s¢eond-hand d•n¥ied goods Aceommodatio rorthe homeless Total Cost of gL%JJ sold Employment costs Subcontraci costs 13.700 13.700 214.765 5,831 110,810 297 214.765 5.831 476 Companions, costs Training costs Establishmeni Costs 110.334 255 42 41761 17,509 10.9il 6.669 16.480 3215 132 25.877 7.557 25 68,638 Repairs and rnaintenance Office eAP* Sundry and other costs 10,976 6.669 17.239 3,577 132 759 Travel and subsistyKc 362 Advertising and pr(Nnotion Legal and professional fees Bank charges Interest payable Depreci&ion of tsngiblc fixa Profit on disTX)sal of tsn8ibl¢ fjxa &ssd 1.797 1,797 3.690 13 3.690 13 11.279 28.798 40.077 164 347,677 175,764 523,440 8 Analysls of governamce •Dd support costs Gwernanee Costs Umrtstritted funds Getteral Total 1024 Total 2023 Indedent examiner fces Examinalion of the finarKial sthtcments 4.150 4,150 4.800 4.150 4.150 4.800 Pag¢ 19
Ern5 Hastlngs and Rother Notes to the Flnanelal Statements for the Year Ended 30 June 2024 9 N¢t Ineomlngloutgolng r¢sourees Net (oul8oin8yincomin8 resources for th¢ yo Includ¢: 2024 2023 Loss on dlsposal of tangible fixed assets Depreciation of fixed assets 42.495 10 Tru$ttts remunerailon and expenses No trustees, nor any persons connecied with them, have reccived any remunerntion frorn the charity during the I I Staff costs The aggregate payroll ¢osts were as folloivs: 2024 2023 Staff costs durlng the year were: Wages and salaries Social security $ts Pension costs 197,347 163,776 11.764 214,765 183,454 The monthly avern8e nurnkr of pcrsons employed by the charity durin8 the year was as follows: 2024 2023 No Community Managers Business and sUp)rt MaerS Finan¢¢ Mana8ers Retsil Assisthnts No crnployee receiv ¢moluments of more than £60,OIX) durin8 the yew. 12 Pension and other sthem¢s D¢fined contribution pettslon scheme The charity 0rnteS a defined contribulion pension scheme. The pension cost charge for the year repre5¢nts ontributions payable by the charity kn the scheme and amounted to £5.578 (2023 - £5,914). Pa8e 20
Emmaus Hastings and Rother 1¥4otes to the Financial Statements for the Year Ended 30 June 2024 13 Tax2tl• Th¢ ¢harity is a registered charity and is therefore exempt from Corporafion lax. 14 Tanglblt fixed assets Land and buildings Furniture and equipment Molor vehicl¢$ Total Cost AL l July 2023 Additions Disposa15 1,286,175 45.490 33,774 3.307 4.698 47.621 1,367.570 48.797 (4.698) At 30 June 2024 .331,665 32.383 .411.669 Depreciation At l July 2023 Charge for the year Eliminated on disposals At 30 June 2024 426.544 38.334 32.384 1.742 4.536 47.621 506.549 40,076 (4,536) 464.878 29.590 47.621 542.089 Net book value AI 30 June 2024 866 787 2,793 869.580 At 30 June 2023 859.631 1.390 861.021 15 Stk 2024 2023 Stocks 2.819 3,044 Page21
Emmaus Hastings and Rother
Notes to the FiDaDcfial Statements for the Year Ended 30 June 2024
16 Debton
2024
2023
Pwayments
Other debiors
1.179
29.610
8,281
24,345
32.626
30.789
17 Cash and ¢h equiv#lents
2024
2023
Cash on hand
Cash ai bank
575
352 014
575
355.671
356,246
352.589
18 Credl¢•rs: AmouDts falllni due vAthln one yur
2024
2023
Trade credilors
Oth¢r loa
Other xation end social Security
Other Creditors
Acctwals
11,067
6J33
2,568
5.845
28.558
6.333
2,439
737
22.400
54.371
19 Crediton: amouthts f4lHD8 due after one year
2024
2023
(Xher baThs
SJ33
6.667
20 Comdnient IIAbllltles
Since the charity's inccryion, grants totsjling £269,015 have been re
Emmaus Hastfings and Rother Notes to the Flnanclal Statements for the YeAr Ended 30 June 2024 21 Fuods BAIAn¢e at 30 June 2024 Balxn¢¢ at I July 2023 Ineomlng resourees Resoun expended TrAnsfers UDrestr&c¢ed fundi Genernl General funds 774,337 492,536 (491.258) 22,837 798,452 Deslgnaled Second retail outlet fund 10,000 Totsl unrutrlcted funds 784 337 492.536 491.258) 22.837 8D8.452 Restrleted funds Accommod&ion block building fund Trading building Improvements fund Lloyds Foundalion Grant CRASH Grant Emmaus UK Grani Companion Specillc Cfrop Community Foundation PosteA)de Lottery SESF Companion Trninin8 l Move on Support Gym Projeci Sain5burys Eat Better Grnnt Scrcwfix Foundation Foresure Trust Emmaus UK Solar Grnnt 351,608 (24,274) (224) 327,110 4.848 3,275 9,619 4.486 (500) (1,638) (368) (286) (1,927) (3.140) 1.208 1,637 9.251 2,133 370 (2,067) (581) 2,878 1.382 4.873 1.712 (1.382) (1.948) (1.216) 2,925 1,712 1,216 2,079 4,511 933 1,221 4,365 24.000 (2.079) (4,511) (933) (1,221) (2.265) 5.650 (2.100) TotAI restrlrt¢d funds 418.912 387,621 Totsl 1,203,249 520414 527,590 1 196,073 Page 23
Emmaus Hastfings and Rother Notes to the Fln2Dclal Statements for the Year Ended 30 June 2024 Balance at 30 June 2023 Balance at I Juty 2022 In¢omlng resources Resou¢1 expended Trnnifers UnTe5trlrted funds General General funds 738.709 507.912 (469.155) (3.129) 774337 De5i8nated Second rdail ouilet fund 10.000 10,000 Total uDreJtrtfted fundj 748.709 507.912 469.155 3.129 784,337 Restrleted A¢eommodaiion block building fund Trading building improvcmcnts fund Lloyds Foundation Granl CRASH Grant Emmaus UK Grant C(wp Communiry Foundation Pojtcode Lottery SESF Companion Training l Movc on Supwrt Gym Project Sainsburys Eat Bcticr Grant Swtwfix Foundalion Foresurc Trusl Emmaus UK Solar Grant 375,657 (24.274) 225 351,608 5.200 4,913 9,987 2,227 (3,492) (1,638) {368) (47) 3.140 4.848 3,275 9,619 4,486 1,326 980 4,236 6,821 4,144 (2,854) (1,948) (1,216) 1,382 4,873 1,712 (1,216) 2,079 15,131 933 4,585 2,079 4,511 933 1.221 4.365 24.IXIO 250 (10,870) (3,364) 4.365 24,000 Totsl reJtTlcted funds 435.913 50.0711 418,912 Total funds 1184,622 537.853 519226 1203 249 Page 24
Emmaw Hastings and Rother F4otes to the Financlal Statements for Ibe Year Ended 30 June 2024 22 Anatysis of net assets between fu•ds Total fullds at 30 June 2024 fiJnd5 Gujeral ftsnds Tangibl¢ &ts 481328 385.828 {54J71) 387.252 369 869.580 386.197 (54,371) 5.333) Curreni liabililics Credi(ors over l year Total nd &ets 808.452 387.621 1.196.073 Total funds it 30June 2023 nds Genenl Restricted d$ Tangible fixed assets Currcnl assets Current liabilities Crcditor5 over l year 485.054 348.972 (43,022) (6.667) 375.968 42.9U 861,022 391.916 (43.022) (6.667) Total net assets 784337 418.912 1203,249 23 R¢lated party traDsvd¢tions Trnst¢e loan In a prior year an infoTmal intrrest free loan of £5,000 had been mad¢ to the chariry by a ITu*c. This r¢mained outstsnding at the year ensi At the balanc¢ sh¢¢¢ da the amouni duc w the Tr1¢¢ loan was £5,oc (2023 - £5.000). Page 25