**Registered number: 06686196 Charity number: 1228051**
## **EMMAUS SUFFOLK LIMITED**
**(A company limited by guarantee)**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **EMMAUS SUFFOLK LIMITED**
## **(A company limited by guarantee)**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 8|
|**Independent examiner's report**|9 - 10|
|**Statement of financial activities**|11|
|**Balance sheet**|12 - 13|
|**Statement of cash flows**|14|
|**Notes to the financial statements**|15 - 30|
## **EMMAUS SUFFOLK LIMITED (A company limited by guarantee)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2024**
|**Trustees**|H Cadman, Chair (resigned 18 November 2024)|
|---|---|
||T L Pinter (resigned 14 May 2024)|
||A Ruia|
||W E Quantrill|
||J W Fahie, Vice Chair|
||L J A Balaam|
||H S Wolley, Treasurer (appointed 31 October 2023)|
||G Dodds (appointed 14 May 2024)|
||G Gallant (appointed 14 May 2024)|
||S Raychaudhuri (resigned 31 October 2023)|
||C Staddon, Secretary|
|**Company registered**
**number**
06686196
**Charity registered**
**number**
1228051
**Registered office**
216 Dales Road
Ipswich
Suffolk
IP1 4JY
**Chief executive officer**
Claire Staddon
**Accountants**
Larking Gowen LLP
Chartered Accountants
1 Claydon Business Park
Great Blakenham
Ipswich
IP6 0NL
**Bankers**
HSBC UK
12 Tavern Street
Ipswich
IP1 3AZ
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
Suffolk Building Society
Free House
6-8 The Havens
Ransomes Europark
Ipswich
IP3 9SJ||
Page 1
## **EMMAUS SUFFOLK LIMITED**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024**
The Trustees present their annual report together with the financial statements of the Charity for the 1 October 2023 to 30 September 2024. 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 Charity 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.
## **Chair's Report**
## **Review of activities (October 23 - September 24)**
This year has seen a continuation of the impact from the cost of living crisis both for us organisationally as well as for those in the local community we serve. Our basic costs and bills have increased, combined with the 10% increase to the Real Living Wage. The Board agreed to carry this increase across all roles within the organisation from April 2023, as our staff are the organisation’s most valuable asset. Utility contracts have increased at a much greater rate than anticipated despite all the diligent work of our administrator.
Our new retail site at Carr Street has been a success as forecasted by our Area Retail Manager, this has been complimented by the move of our town centre Wellbeing service into the same site. Putting our Wellbeing service within our social enterprise has helped remove the barriers and stigma of accessing help for those in need of our support. This model was first developed at the Dales and repeated at our Royal Oak Community café.
Our two modular homes at the Royal Oak have proved to be invaluable. One of our first tenants moved on after seven months following a promotion at work and has successfully moved into a social housing tenancy. Both of the current tenants have been in work for nearly a year and are actively looking for their next home. The lack of good quality affordable housing is becoming an increasing issue, and we are looking for landlords to partner with us, to enable our tenants to move into the commercial rental market.
Our Wellbeing Community Hubs are now a cornerstone of our local solidarity offer. All Hubs are free to access and funded through our income generation or through local fundraising and grants. The core work of offering a wider variety of meaningful activities for the homeless, those socially-isolated, and other vulnerable people has increased due to the pressure from the cost of living crisis.
## Our sucesses
- During the year 326 individuals worked directly with us.
- There was 5,415 separate attendances to our Community Hubs.
- 7 of our volunteers have moved into work.
- 13 companions have been living in our supported housing.
- 356 people contacted ranging from attending a hub to asking for supported housing.
- We diverted over 4.5 tons of food from being wasted.
- We served 828 actively sponsored One Pot Wonder hot nutritional meals.
- We served 4,742 main meals at a subsidised price.
- We ensured that 1,068 items of furniture items weighing 96.8 tons were diverted from landfill.
Page 2
## **EMMAUS SUFFOLK LIMITED (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024**
We are developing a retail training programme to provide meaningful activities for our companions and volunteers at the Royal Oak.
The Royal Oak Community Café has a clear social value around food poverty, and its outreach service has cemented its place as a recognised safe space in the local community. The service struggled this year, but following a swift review by a sub-committee that identified certain staffing issues and the business controls that were needed. All of the remedial actions have been implemented and we hope for a more financially successful year ahead.
The charity has been working extremely hard to navigate the persistent financial challenges in a most difficult operating environment. The dedication of our staff is to be applauded, as their hard work, commitment, and their innovative approach have helped us pivot services and our enterprises. I am immensely proud and grateful to them all for their speed and flexibility in addressing situations in a sensitive manner, as well as going above and beyond in their duty of care. They are a real credit to the organisation.
Whilst surplus income from our social enterprises has been very limited over the year, gaining corporate partnerships has been significant to our service delivery. We are deeply grateful to all the local businesses and organisations, which have provided support, enabling us to help more people, broadened our offer, and strengthen our financial position. In particular, we would like to thank those entities that offer long term support, which is key to delivering strategic growth. Thank you to the Suffolk Building Society, Seema Lease and Butterworths.
Strategically, our ambition is to open social enterprises complimented by free to access Wellbeing services along the coast of East Suffolk starting in Woodbridge during 2025.
............................................. **J W Fahie Chair of Trustees**
Date:
Page 3
## **EMMAUS SUFFOLK LIMITED (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **Objectives and activities**
## **a. Policies and objectives**
The objects of the charity as set out in the company's memorandum and articles of association are the alleviation and relief of poverty, hardship and distress, in conformance with the Emmaus movement. The principal activity of the company is the establishment of social enterprises to offer a work framework for meaningful activities to support vulnerable people and the most poor. It continued to receive some donations for this aim during the year.
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. Our vision:**
A world in which everyone has a home and a sense of belonging.
## **Our Mission:**
Emmaus Suffolk is committed to working as a community, sharing a life where everyone is treated equally, and living in harmony with dignity by helping those less fortunate than ourselves.
Our Strategic Priorities (which are set in line with the Emmaus UK Federation Plan) are to:
## **Priority Area 1: Beneficiary enrichment:**
- Grow our support offer though Hub outreach and volunteering opportunities in the East of Suffolk
- Develop a sister offer in the West of Suffolk
- Increase our housing portfolio to offer a range of solutions to vulnerable people
- Own our own properties to increase tenancy options
## **Priority Area 2: Income Generation:**
- Continue to scale up our current social enterprises to increase cash surplus
- Develop and deliver a new social enterprise that focuses on offering supported employment for current service users
- Deploy a fundraising strategy to increase free reserves
## **Priority Area 3: Reputation and Reach**
- Build robust working partnerships with other service providers to increase choices for service users and reducing financial risks
- Secure corporate partnerships with ethical, local business through our ESG value
- By 2027 have a turnover of £1MIL and be recognised as one of the top three charities in the county.
## **c. Policies and objectives**
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)'. The objects of the Charity are the alleviation of homelessness and relief of poverty, hardship and the distress they cause to those in need. Our current Strategic Plan for period 2022 – 2027 is consolidating and the next iteration will be developed with companions and staff in the coming year.
This variety offers choice and control to individuals with the purpose of developing their skills to enable them to gain employment in the future and a sense of self-worth and dignity through having a self-supporting life.
Page 4
## **EMMAUS SUFFOLK LIMITED (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **Objectives and activities (continued)**
Through offering volunteering roles within our social enterprises, we provide business opportunities and experience to give people the chance to rebuild their lives in a supportive enduring environment with related tasks through a work framework.
Over 50% of our workforce has been recruited from our service users. We work in partnership with other local service providers working in the sector; we tend to operate at the “prevention” end of the homelessness spectrum, in that we aim to make interventions to prevent people becoming homeless in the first instance.
## **Wider Emmaus:**
We are an independent local charity and a member of the national Emmaus UK Federation. We work closely with other Emmaus communities, particularly Emmaus Cambridge, whom have helped us with a van load of donated goods for them to sell and by supporting them with house clearances. Our CEO, Claire Staddon, chairs the quarterly Chief Executives meeting for all Emmaus Communities. The staff and companions are encouraged to attend all Emmaus UK peer support groups.
Helping other organisations (solidarity)
- Worked directly with other partner organisations to support individuals in areas ranging from wellbeing to housing - Suffolk Refugee Support, CTEA, Suffolk Soul Singers, Chapter 42, NHS, Get Set UK.
- Companions volunteered their time with other organisations, The Hive, Mens Sheds & Suffolk Dog Rescue.
## **Achievements and performance**
## **a. PR activity**
Our social media presence has increased over the year, we are working closely with the EUK PR service, and we have a member of staff dedicated to PR, promotion and getting our message out. This year has seen an increase in our coverage:
- 36,256 visitors to the website a 28% increase from last year
- 18,642 of these from social media
- 3,146 followers on Facebook
- 1,417 Instagram followers
- 90 pieces of print coverage
- Where data is available, media coverage had a reach of 19,080,360
We would like to thank all our principal funders for all their support this year:
- Big Lottery Reaching Communities
- IBC Resilient Communities Fund
- EUK Capacity Building
- East Suffolk Council
- Rope Trust
- Health Inequalities Fund – Wellbeing Hubs
- 29th May 1961 Charitable Trust
- Attwells Solicitors – In kind funding
- Dave Chapman Motors – In kind funding
- John Gross Ford – In kind funding
Page 5
## **EMMAUS SUFFOLK LIMITED**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the ongoing concern basis in preparing the financial statements.
## **b. Reserves policy**
The Trustees have carried out their annual review of their reserves policy in the year. As part of this process they have considered both the financial impact of risks facing the Charity as well as reserves required for future planned capital projects, commitments and contingent events.
As a charity we have an ambition for a reserves policy of 3 months expenditure, and we have grown over rapidly over the last couple of years. Our current reserves target is £132k and this now needs to increase to £166k. Our current total reserves are £345k, of which £146k are restricted reserves and £199k unrestricted, of which £142k of the unrestricted is set aside for the housing pods.
We are approaching the gap in funds in two ways. Firstly through an Audit Committee that runs concurrently with the full Board to review expenditures and advise on cost effectiveness, reshaping the organisation to maximise efficiencies. Secondly through increased income generation by expansion of the social enterprises to increase free reserves. The Board working with the CEO are committed to increasing both designated and free reserves in the next financial year.
## **c. Financial overview**
The results of the year are set out in the attached financial statements. Emmaus Suffolk receives no core funding and £306,628 (2024 – 40% 2023 – 33%) of income is generated through social enterprises, the remainder coming from general donations, grants and fundraising activities. During the year the charity income from social enterprises grew by 25% to £306,628 (2023 - £245,182). Income from donations and grants decreased to £373,666 (2023 - £433,069). Housing income increased to £81,801 (2023 - £61,153).
There has been a modest decrease in cash funds £31,117 (2023 decrease of £10,702). The Trustees have agreed that the charity should hold 3 months operating expenses in cash reserve.
Inevitably, the largest cost is for the dedicated staff (2024 - £376,514; 2023 - £280,250) who deliver the support and run the social enterprises which deliver some of the funds required. Subscribing to the Real Living Wage for all employees and ensuring the high calibre staff are retained and valued is a central tenant to our long term business aims.
## **d. Risk management**
The Trustees regularly review their policy and procedures to minimise the risks which the Charitable company, its employees, all types of Companions, volunteers and customers might encounter. Where appropriate systems or procedures have been established to mitigate such risks.
We use a Risk Register with a scoring matrix to identify financial, reputational, operational and compliance risks to the organisation that is reviewed and updated by the Board on a quarterly bases. The Audit committee feeds into this register along with the Safeguarding lead.
Page 6
## **EMMAUS SUFFOLK LIMITED**
## **(A company limited by guarantee)**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **Structure, governance and management**
## **a. Methods of appointment or election of Trustees**
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. Trustee nominations either come from other Trustees within the Charity and its supporters or via open advertisement and must be approved by existing Trustees, in accordance with the Articles of Association. When specific skills are required, approaches are made to people with relevant expertise who are sympathetic to the ethos of the Charity. If necessary, a Trustee would be co-opted specifically to cover the required function. The current Trustees and those who served during the year are shown on page 1.
## **b. Policies adopted for the induction and training of Trustees**
Each new Trustee is required to undertake an induction programme which includes briefings on their legal and ethical responsibilities as Trustees, the ethos and values of the Emmaus movement together with the governance, history and operation of Emmaus Suffolk.
Annual appraisals of Trustees are undertaken to measure their collective and individual performance and suitable training is offered in line with the NCVO Code of Good Governance.
## **c. Organisational structure and decision-making policies**
In order to work effectively towards the alleviation of homelessness and relief of poverty and hardship and the distress they cause to those in need, the board of Trustees and the leadership team believe that companions must be at the centre of the organisation, and this is reflected in the structure of the Charity. Full consultations with companions are undertaken on strategic issues and major projects. Feedback and reviews with Companions are delivered by an independent assessor quarterly.
## **d. Related party relationships**
Emmaus Suffolk is a member of the Emmaus UK Federation, working alongside other communities and groups.
## **e. Financial risk management**
Trustees have introduced risk management policies and a risk register which aim to manage and mitigate risks that the Charity might face. These are both reviewed regularly. A nominated Leadership Team member oversees health and safety issues throughout the community with nominated personnel having day to day responsibility for ensuring compliance.
## **Plans for future periods**
We will be reviewing the current strategic plan which is drawing to an end and developing a new Strategic Plan 2027 – 2032. Our focus is on ensuring the sustainability and financial viability of the community. Our vision and mission remain the same, with an emphasis in the new strategic plan of consolidation and improvement in all areas of the Charity and development of new social enterprises.
## **Members' liability**
The Members of the Charity guarantee to contribute an amount not exceeding £1 to the assets of the Charity in the event of winding up.
Page 7
## **EMMAUS SUFFOLK LIMITED (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **Statement of Trustees' responsibilities**
The Trustees (who are also the directors of the Charity 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 Charity 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 Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity 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 Charity 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 and signed on their behalf by:
................................................ ................................................ **H S Wolley J W Fahie** Trustee Trustee Date:
Page 8
## **EMMAUS SUFFOLK LIMITED (A company limited by guarantee)**
**INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **Independent examiner's report to the Trustees of Emmaus Suffolk Limited ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 September 2024.
## **Responsibilities and basis of report**
As the Trustees of the Charity (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 Charity 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 Charity'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 Charity'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 in England & Wales (ICAEW), 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 Charity 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.
Page 9
## **EMMAUS SUFFOLK LIMITED**
## **(A company limited by guarantee)**
## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024**
This report is made solely to the Charity'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 Charity'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 Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: 8 May 2025
Giles Kerkham FCA DChA
Larking Gowen LLP Chartered Accountants 1 Claydon Business Park Great Blakenham Ipswich IP6 0NL
Page 10
## **EMMAUS SUFFOLK LIMITED**
## **(A company limited by guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2024**
|**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
Investments
5
**Total income**
**Expenditure on:**
Raising funds
6
Charitable activities
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2024**
**£**
**64,433**
**384,429**
**2,319**
**451,181**
**58,595**
**455,477**
**514,072**
**(62,891)**
**262,078**
**(62,891)**
**199,187**|**Restricted**
**funds**
**2024**
**£**
**309,233**
**-**
**-**
**309,233**
**-**
**281,998**
**281,998**
**27,235**
**119,165**
**27,235**
**146,400**|**Total**
**funds**
**2024**
**£**
**373,666**
**384,429**
**2,319**
**760,414**
**58,595**
**737,475**
**796,070**
**(35,656)**
**381,243**
**(35,656)**
**345,587**|_Total_
_funds_
_2023_
_£_
_433,069_
_306,335_
_1,370_
_740,774_|
|---|---|---|---|---|
|||||_62,470_
_530,225_
_592,695_|
|||||_148,079_|
|||||_233,164_
_148,079_
_381,243_|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 15 to 30 form part of these financial statements.
Page 11
## **EMMAUS SUFFOLK LIMITED (A company limited by guarantee) REGISTERED NUMBER: 06686196**
## **BALANCE SHEET AS AT 30 SEPTEMBER 2024**
|**Note**
**Fixed assets**
Tangible assets
11
**Current assets**
Stocks
12
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within one
year
14
**Net current assets**
**Total assets less current liabilities**
**Total net assets**
**Charity funds**
Restricted funds
15
Unrestricted funds
15
**Total funds**|**2,370**
**33,086**
**170,032**
**205,488**
**(53,829)**|**2024**
**£**
**193,928**
**151,659**
**345,587**
**345,587**
**146,400**
**199,187**
**345,587**|_2,370_
_26,992_
_201,149_
_230,511_
_(41,647)_|_2023_
_£_
_192,379_
_188,864_|
|---|---|---|---|---|
|||||_381,243_|
|||||_381,243_|
|||||_119,165_
_262,078_|
|||||_381,243_|
Page 12
## **EMMAUS SUFFOLK LIMITED (A company limited by guarantee) REGISTERED NUMBER: 06686196**
## **BALANCE SHEET (CONTINUED) AS AT 30 SEPTEMBER 2024**
The Charity 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.
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 and signed on their behalf by:
................................................ **H S Wolley** Trustee
................................................ **J W Fahie** Trustee
Date:
The notes on pages 15 to 30 form part of these financial statements.
Page 13
## **EMMAUS SUFFOLK LIMITED**
## **(A company limited by guarantee)**
## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2024**
|**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
**Net cash used in investing 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 15 to 30 form part of these financial statements|**2024**
**£**
**(17,174)**
**2,319**
**(16,262)**
**(13,943)**
**(31,117)**
**201,149**
**170,032**|_2023_
_£_
_138,745_
_1,370_
_(150,817)_
**(149,447)**
**(10,702)**
_211,851_
_201,149_|
|---|---|---|
Page 14
## **EMMAUS SUFFOLK LIMITED (A company limited by guarantee)**
# **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **1. General information**
The company is a company limited by guarantee (company no. 06686196, registered England & Wales). The members of the company are the Trustees named on page 1.
The registered office is 216 Dales Road, Ipswich, Suffolk, IP1 4JY.
## **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 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The financial statements are presented in Sterling (£) and rounded to the nearest £.
Emmaus Suffolk Limited 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.
## **2.2 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
## **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 raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Page 15
**(A company limited by guarantee)**
## **EMMAUS SUFFOLK LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **2. Accounting policies (continued)**
## **2.3 Expenditure (continued)**
All expenditure is inclusive of irrecoverable VAT.
## **2.4 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; 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 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:
|Plant, machinery and motor|- 25% reducing balance|
|---|---|
|vehicles||
|Assets in the course of|- Not depreciated|
|construction||
|Fixtures, fittings and equipment|- 5-33% straight line|
|Leasehold improvements|- 10% straight line|
## **2.6 Stocks**
Stock is donated to the charity and as such it is not practical to provide a realistic estimation of its value.
Stock purchased for resale are valued at the lower of cost and net realisable value.
## **2.7 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.
## **2.8 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.
Page 16
**(A company limited by guarantee)**
## **EMMAUS SUFFOLK LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **2. Accounting policies (continued)**
## **2.9 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 Charity 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.
## **2.10 Financial instruments**
The Charity 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.
## **2.11 Pensions**
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
## **2.12 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 Charity 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 Charity 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.
Page 17
## **EMMAUS SUFFOLK LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **3. Income from donations and legacies**
|**Unrestricted**
**funds**
**2024**
**£**
Donations
64,433
Grants
-
64,433
_Total 2023_
_58,652_|**Restricted**
**funds**
**2024**
**£**
5,000
304,233
309,233
_374,417_|**Total**
**funds**
**2024**
**£**
**69,433**
**304,233**
**373,666**
_433,069_|_Total_
_funds_
_2023_
_£_
_48,055_
_385,014_
_433,069_|
|---|---|---|---|
|||||
## **4. Income from charitable activities**
|**Unrestricted**
**funds**
**2024**
**£**
Retail charity shop
249,153
Cafe income
53,475
Housing benefit received
81,801
384,429
_Total 2023_
_306,335_
**5.**
**Investment income**
**Unrestricted**
**funds**
**2024**
**£**
Interest receivable
2,319
_Total 2023_
_1,370_|**Total**
**funds**
**2024**
**£**
**249,153**
**53,475**
**81,801**
**384,429**
_306,335_
**Total**
**funds**
**2024**
**£**
**2,319**
_1,370_|_Total_
_funds_
_2023_
_£_
_213,596_
_31,586_
_61,153_
_306,335_|
|---|---|---|
|||_Total_
_funds_
_2023_
_£_
_1,370_|
||||
Page 18
## **EMMAUS SUFFOLK LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **6. Expenditure on raising funds**
## **Costs of raising voluntary income**
|**Unrestricted**
**funds**
**2024**
**£**
Advertising, marketing, direct mail and publicity
1,860
_Total 2023_
_6,472_
**Fundraising trading expenses**
**Unrestricted**
**funds**
**2024**
**£**
Warehouse
371
Insurance
5,926
Subscriptions
1,361
Companion expenses
6,037
Wages and salaries
37,800
Employer NI
4,275
Pension costs
965
56,735
_Total 2023_
_55,998_|**Total**
**funds**
**2024**
**£**
**1,860**
_6,472_
**Total**
**funds**
**2024**
**£**
**371**
**5,926**
**1,361**
**6,037**
**37,800**
**4,275**
**965**
**56,735**
_55,998_|_Total_
_funds_
_2023_
_£_
_6,472_|
|---|---|---|
|||_Total_
_funds_
_2023_
_£_
_339_
_7,138_
_1,521_
_14,678_
_28,575_
_3,030_
_717_
_55,998_|
||||
Page 19
## **EMMAUS SUFFOLK LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **7. Analysis of expenditure by activities**
|Retail charity shop
Cafe
Head office
_Total 2023_
**Analysis of direct costs**
Staff costs
Rent, rates and insurance
Direct running costs
Motor expenses
Property running expenses
IT, printing and stationery
Repairs and maintenance
General expenses
Cafe running expenses
The Royal Oak Building Expenses
Therapeutic offers
Stipends|**Activities**
**undertaken**
**directly**
**2024**
**£**
551,587
39,390
51,369
642,346
_454,853_|**Support**
**costs**
**2024**
**£**
44,732
-
50,397
95,129
_75,372_|**Total**
**funds**
**2024**
**£**
**596,319**
**39,390**
**101,766**
**737,475**
_530,225_
**Total**
**funds**
**2024**
**£**
**376,514**
**120,610**
**12,238**
**8,073**
**18,979**
**6,322**
**29,368**
**5,703**
**45,155**
**16,366**
**-**
**3,018**
**642,346**|_Total_
_funds_
_2023_
_£_
_439,398_
_33,504_
_57,323_
_530,225_|
|---|---|---|---|---|
|||||_Total_
_funds_
_2023_
_£_
_280,250_
_68,174_
_11,323_
_4,902_
_19,495_
_14,519_
_15,710_
_1,716_
_23,126_
_9,745_
_1,104_
_4,789_
_454,853_|
Page 20
**EMMAUS SUFFOLK LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **7. Analysis of expenditure by activities (continued)**
## **Analysis of support costs**
|Staff costs
Depreciation
Staff training
Telephone and internet
Office expenses
Accountancy fees
Legal and professional fees|**Total**
**funds**
**2024**
**£**
**50,397**
**13,617**
**4,208**
**9,729**
**1,474**
**4,580**
**11,124**
**95,129**|_Total_
_funds_
_2023_
_£_
_44,852_
_8,898_
_6,749_
_5,423_
_640_
_5,418_
_3,392_
_75,372_|
|---|---|---|
## **8. Independent examiner's remuneration**
The independent examiner's remuneration amounts to an independent examiner fee of £4,400 ( _2023_ - _£3,800_ ).
## **9. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**2024**
**£**
**430,101**
**31,869**
**7,981**
**469,951**|_2023_
_£_
_330,807_
_21,235_
_5,382_|
|---|---|---|
|||_357,424_|
The average number of persons employed by the Charity during the year was as follows:
|Charitable activities
Governance|**2024**
**No.**
**22**
**1**
**23**|_2023_
_No._
_18_
_1_|
|---|---|---|
|||_19_|
Page 21
## **EMMAUS SUFFOLK LIMITED (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **9. Staff costs (continued)**
No employee received remuneration amounting to more than £60,000 in either year.
The remuneration of key management personnel for the year totalled £123,411 (2023 - £137,450)
## **10. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2023 - £NIL)_ .
During the year ended 30 September 2024, no Trustee expenses have been incurred _(2023 - £NIL)_ .
## **11. Tangible fixed assets**
|**Cost**
At 1 October 2023
Additions
Transfers between classes
At 30 September 2024
**Depreciation**
At 1 October 2023
Charge for the year
At 30 September 2024
**Net book value**
At 30 September 2024
_At 30 September 2023_|**Plant,**
**machinery**
**and motor**
**vehicles**
**£**
**30,252**
**-**
**-**
**30,252**
**22,423**
**1,957**
**24,380**
**5,872**
_7,829_|**Fixtures,**
**fittings and**
**equipment**
**£**
**9,337**
**16,262**
**149,335**
**174,934**
**4,750**
**8,981**
**13,731**
**161,203**
_4,587_|**Leasehold**
**improvements**
**Assets in**
**the course**
**of**
**construction**
**£**
**£**
**37,750**
**149,335**
**-**
**-**
**-**
**(149,335)**
**37,750**
**-**
**7,122**
**-**
**3,775**
**-**
**10,897**
**-**
**26,853**
**-**
_30,628_
_149,335_|**Total**
**£**
**226,674**
**16,262**
**-**
**242,936**|
|---|---|---|---|---|
|||||**34,295**
**14,713**
**49,008**|
|||||**193,928**|
|||||_192,379_|
Page 22
## **EMMAUS SUFFOLK LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **12. Stocks**
|Cafe stock
Goods for resale
**Debtors**
**Due within one year**
Trade debtors
Other debtors
Prepayments and accrued income
Tax recoverable|**2024**
**£**
**870**
**1,500**
**2,370**
**2024**
**£**
**14,234**
**6,866**
**9,721**
**2,265**
**33,086**|_2023_
_£_
_870_
_1,500_|
|---|---|---|
|||_2,370_|
|||_2023_
_£_
_1,052_
_6,962_
_16,535_
_2,443_|
|||_26,992_|
## **13. Debtors**
## **14. Creditors: Amounts falling due within one year**
|Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income|**2024**
**£**
**23,204**
**7,491**
**5,401**
**17,733**
**53,829**|_2023_
_£_
_28,516_
_5,632_
_3,699_
_3,800_|
|---|---|---|
|||_41,647_|
Page 23
## **EMMAUS SUFFOLK LIMITED (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024**
|**15.**
**Statement of funds**
**Statement of funds - current year**
**Balance at 1**
**October**
**2023**
**£**
**Unrestricted funds**
General Funds
**112,743**
Housing pods
**149,335**
**262,078**|**Income**
**£**
**Expenditure**
**£**
**Balance at 30**
**September**
**2024**
**£**
**451,181**
**(506,605)**
**57,319**
**-**
**(7,467)**
**141,868**
**451,181**
**(514,072)**
**199,187**|
|---|---|
Page 24
## **EMMAUS SUFFOLK LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **15. Statement of funds (continued)**
|**Balance at 1**
**October**
**2023**
**£**
**Restricted funds**
Cadent Boiler fund & Corporate fundraising
**-**
Awards for all
**-**
Warehouse
**5,832**
Carpet project
**-**
IBS Town Fund
**-**
Reaching communities
**11,516**
Male Cave
**21,378**
Pathways to success
**-**
SFX Fund
**-**
TSIB Royal Oak
**-**
Felixstowe Hub
**-**
SSE
**9,587**
Cook club
**144**
Garfield Weston
**4,786**
Hopestead
**58,018**
One Pot Wonder (Axter)
**1,300**
Community Cafe
**668**
EUK (Environmental)
**5,936**
**119,165**
**Total of funds**
**381,243**|**Income**
**£**
**Expenditure**
**£**
**Balance at 30**
**September**
**2024**
**£**
**4,975**
**(4,975)**
**-**
**50,000**
**(3,454)**
**46,546**
**-**
**(86)**
**5,746**
**15,000**
**(930)**
**14,070**
**24,702**
**(12,803)**
**11,899**
**93,941**
**(105,457)**
**-**
**5,000**
**(1,756)**
**24,622**
**51,484**
**(25,742)**
**25,742**
**5,000**
**(5,000)**
**-**
**25,000**
**(25,000)**
**-**
**6,667**
**(6,667)**
**-**
**-**
**-**
**9,587**
**-**
**(144)**
**-**
**10,000**
**(9,363)**
**5,423**
**(9,300)**
**(48,718)**
**-**
**-**
**(1,300)**
**-**
**-**
**(668)**
**-**
**26,764**
**(29,935)**
**2,765**
**309,233**
**(281,998)**
**146,400**
**760,414**
**(796,070)**
**345,587**|**Income**
**£**
**Expenditure**
**£**
**Balance at 30**
**September**
**2024**
**£**
**4,975**
**(4,975)**
**-**
**50,000**
**(3,454)**
**46,546**
**-**
**(86)**
**5,746**
**15,000**
**(930)**
**14,070**
**24,702**
**(12,803)**
**11,899**
**93,941**
**(105,457)**
**-**
**5,000**
**(1,756)**
**24,622**
**51,484**
**(25,742)**
**25,742**
**5,000**
**(5,000)**
**-**
**25,000**
**(25,000)**
**-**
**6,667**
**(6,667)**
**-**
**-**
**-**
**9,587**
**-**
**(144)**
**-**
**10,000**
**(9,363)**
**5,423**
**(9,300)**
**(48,718)**
**-**
**-**
**(1,300)**
**-**
**-**
**(668)**
**-**
**26,764**
**(29,935)**
**2,765**
**309,233**
**(281,998)**
**146,400**
**760,414**
**(796,070)**
**345,587**|
|---|---|---|
|||**345,587**|
Page 25
**EMMAUS SUFFOLK LIMITED (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **15. Statement of funds (continued)**
The purpose of each restricted fund is as follows:
Cadent Boiler fund and Corporate fundraising - Funding from Cadent Fundings for Boiler update.
Awards for all - Delivery of a Wellbeing offer in Felixstowe.
Warehouse - To fund rent and business rates for the Warehouse.
Carpet project - Research funding for costs incurred with developing a carpet entreprise.
IBS Town fund - Funding for building and ground renovations to improve the high street.
Reaching Communities - To fund a third hub and a second community house, this is funding for three years.
Male Cave - Royal Oak - breakfast bap offer and support for well-being club.
Pathway to success - 5 year funding for increasing options for volunteeers, companions and wellbeing services.
SFX fund - Screwfix funding to replace dilapidated front door to Community Cafe to disability friendly automated one.
TSIB Royal Oak - core costs of Community cafe to increase revenue generation over 8 months.
Felixstowe Hub - To help fund staffing and activities at the Felixstowe hub.
SSE - Assistance towards core costs at Royal Oak.
Cook Club - To provide a cooking club at the community cafe.
Garfield Weston - Funding towards the hubs and co-ordinators.
Hopestead - Funding for core costs of the community cafe project.
One pot wonder - Royal Oak - meal offer and well being.
Community Cafe - To cover core costs of the community cafe project.
EUK Environment - Royal Oak working efficiencies.
Page 26
## **EMMAUS SUFFOLK LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **15. Statement of funds (continued) Statement of funds - prior year**
|_Balance at_
_1 October 2022_
_£_
**Unrestricted funds**
General Funds
_180,667_
Housing pods
_-_
_180,667_
_Balance at_
_1 October 2022_
_£_
**Restricted funds**
Warehouse
_5,832_
IBS Town Fund
_462_
Reaching communities
_-_
Male Cave
_-_
Pathways to success
_-_
SFX Fund
_2_
TSIB Royal Oak
_10,508_
Felixstowe Hub
_-_
SSE
_9,587_
Royal Oak
_3,972_
Health Inequalities
_-_
Cook club
_4,643_
Garfield Weston
_13,607_
Hopestead
_2,584_
One Pot Wonder (Axter)
_1,300_
Community Cafe
_-_
EUK (Environmental)
_-_
_52,497_
**Total of funds**
_233,164_|_Income_
_£_
_Expenditure_
_£_
_366,357_
_(434,281)_
_-_
_-_
_366,357_
_(434,281)_
_Income_
_£_
_Expenditure_
_£_
_-_
_-_
_-_
_(462)_
_79,500_
_(67,984)_
_25,000_
_(3,622)_
_1,030_
_(1,030)_
_-_
_(2)_
_-_
_(10,508)_
_4,000_
_(4,000)_
_-_
_-_
_-_
_(3,972)_
_2,000_
_(2,000)_
_-_
_(4,499)_
_19,615_
_(28,436)_
_210,000_
_(5,231)_
_-_
_-_
_16,975_
_(16,307)_
_16,297_
_(10,361)_
_374,417_
_(158,414)_
_740,774_
_(592,695)_||_Transfers_
_in/out_
_£_
_Balance at_
_30 September 2023_
_£_
_-_
_112,743_
_149,335_
_149,335_
_149,335_
_262,078_
_Transfers_
_in/out_
_£_
_Balance at_
_30 September_
_2023_
_£_
_-_
_5,832_
_-_
_-_
_-_
_11,516_
_-_
_21,378_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_9,587_
_-_
_-_
_-_
_-_
_-_
_144_
_-_
_4,786_
_(149,335)_
_58,018_
_-_
_1,300_
_-_
_668_
_-_
_5,936_
_(149,335)_
_119,165_
_-_
_381,243_|_Transfers_
_in/out_
_£_
_Balance at_
_30 September 2023_
_£_
_-_
_112,743_
_149,335_
_149,335_
_149,335_
_262,078_
_Transfers_
_in/out_
_£_
_Balance at_
_30 September_
_2023_
_£_
_-_
_5,832_
_-_
_-_
_-_
_11,516_
_-_
_21,378_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_9,587_
_-_
_-_
_-_
_-_
_-_
_144_
_-_
_4,786_
_(149,335)_
_58,018_
_-_
_1,300_
_-_
_668_
_-_
_5,936_
_(149,335)_
_119,165_
_-_
_381,243_|_Transfers_
_in/out_
_£_
_Balance at_
_30 September 2023_
_£_
_-_
_112,743_
_149,335_
_149,335_
_149,335_
_262,078_
_Transfers_
_in/out_
_£_
_Balance at_
_30 September_
_2023_
_£_
_-_
_5,832_
_-_
_-_
_-_
_11,516_
_-_
_21,378_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_9,587_
_-_
_-_
_-_
_-_
_-_
_144_
_-_
_4,786_
_(149,335)_
_58,018_
_-_
_1,300_
_-_
_668_
_-_
_5,936_
_(149,335)_
_119,165_
_-_
_381,243_|
|---|---|---|---|---|---|
|||||||
|||||||
||||||_Balance at_
_30 September_
_2023_
_£_
_5,832_
_-_
_11,516_
_21,378_
_-_
_-_
_-_
_-_
_9,587_
_-_
_-_
_144_
_4,786_
_58,018_
_1,300_
_668_
_5,936_
_119,165_|
|||||||
||||||_381,243_|
||||_-_|||
Page 27
## **EMMAUS SUFFOLK LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **16. Summary of funds**
## **Summary of funds - current year**
|**Balance at 1**
**October**
**2023**
**£**
General funds
**262,078**
Restricted funds
**119,165**
**381,243**
**Summary of funds - prior year**
_Balance at_
_1 October_
_2022_
_£_
_Income_
_£_
General funds
_180,667_
_366,357_
Restricted funds
_52,497_
_374,417_
_233,164_
_740,774_||**Income**
**£**
**Expenditure**
**£**
**451,181**
**(514,072)**
**309,233**
**(281,998)**
**760,414**
**(796,070)**
_Expenditure_
_£_
_Transfers_
_in/out_
_£_
_(434,281)_
_149,335_
_(158,414)_
_(149,335)_
_(592,695)_
_-_|**Balance at 30**
**September**
**2024**
**£**
**199,187**
**146,400**
**345,587**|**Balance at 30**
**September**
**2024**
**£**
**199,187**
**146,400**
**345,587**|
|---|---|---|---|---|
||||||
|||||_Balance at_
_30 September_
_2023_
_£_
_262,078_
_119,165_
_381,243_|
|General funds
Restricted funds|||||
## **17. Analysis of net assets between funds**
## **Analysis of net assets between funds - current period**
|**Unrestricted**
**funds**
**2024**
**£**
Tangible fixed assets
193,928
Current assets
42,863
Creditors due within one year
(37,604)
**Total**
199,187|**Restricted**
**funds**
**2024**
**£**
-
162,625
(16,225)
146,400|**Total**
**funds**
**2024**
**£**
**193,928**
**205,488**
**(53,829)**
**345,587**|
|---|---|---|
Page 28
## **EMMAUS SUFFOLK LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **17. Analysis of net assets between funds (continued)**
## **Analysis of net assets between funds - prior period**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2023_
_£_
_192,379_
_111,346_
_(41,647)_
_262,078_|_Restricted_
_funds_
_2023_
_£_
_-_
_119,165_
_-_
_119,165_|_Total_
_funds_
_2023_
_£_
_192,379_
_230,511_
_(41,647)_
_381,243_|
|---|---|---|---|
## **18. Reconciliation of net movement in funds to net cash flow from operating activities**
## **19.**
|Net income/expenditure for the period (as per Statement of Financial
Activities)
**Adjustments for:**
Depreciation charges
Dividends, interests and rents from investments
Increase in debtors
Increase/(decrease) in creditors
**Net cash provided by/(used in) operating activities**
**Analysis of cash and cash equivalents**
Cash in hand
**Total cash and cash equivalents**|**2024**
**£**
**(35,656)**
**14,713**
**(2,319)**
**(6,094)**
**12,182**
**(17,174)**
**2024**
**£**
**170,032**
**170,032**|_2023_
_£_
_148,079_
_7,974_
_(1,370)_
_(5,181)_
_(10,757)_
_138,745_
_2023_
_£_
_201,149_
_201,149_|
|---|---|---|
Page 29
## **EMMAUS SUFFOLK LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **20. Analysis of changes in net debt**
|Cash at bank and in hand|**At 1**
**October**
**2023**
**£**
**201,149**
**201,149**|**Cash flows**
**£**
**(31,117)**
**(31,117)**|**At 30**
**September**
**2024**
**£**
**170,032**
**170,032**|
|---|---|---|---|
## **21. Pension commitments**
The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £7,981 (2023 - £4,655). £1,430 (2023: £1,072) was payable to the fund at the balance sheet date and is included in creditors.
## **22. Operating lease commitments**
At 30 September 2024 the Charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows:
|Not later than 1 year
Later than 1 year and not later than 5 years|**2024**
**£**
**73,941**
**120,625**
**194,566**|_2023_
_£_
_64,670_
_128,941_|
|---|---|---|
|||_193,611_|
## **23. Related party transactions**
The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 30 September 2024.
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