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2021-06-30-accounts

Page
Trustees'
report		 1-13
Independent
examiner's		 report 14
Statement
offinancial		 activities 15
Balance sheet 16-17
Statement ofcash flows 18
Notes to the financial statements 19-35

Reference and administrative and administrative details
Registered charity name Emmaus South Wales
Charity number 1136010
Company registration number 07188459
Registered office 6 Caroline Street
Bridgend
CF31 1DQ
Trustees J Raikes (Chair)
E-W Francis (Treasurer)
CA Lowry (Hon Secretary)
LArcos
TV Eades
ES Hammonds
EVenables - Appointed 28th June 2021
P Knapp - Resigned November 2020
JA Noble - Resigned February 2021
BJackson - Resigned June 2021
M E Roberts - Resigned June 2021
Secretary CA Lowry
Chief Executive J Wray
Independent Examiners Azets Audit Services
Chartered Accountants and Statutory Auditors
Ty Derw, Lime Tree Court
Cardiff Business Park
Cardiff
CF23 8AB

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2021 2021 2021 2020 2020 2020
Notes 6 6
Income and e ants from
Donations
and		 legacies 34,394 34,394 24,953 24,953
Charitable
activities		 353,058 210,704 563,762 635,998 207,015 843,013
Other trading activities 33,116 33,116 56,493 56,493
Investments 404 404 282 282
Other income 154,990 154,990
Total income 575,962 210,704 786,666 717,726 207,015 924,741
Ezgatttf)tttt~n
Raising funds		 8 6,270 6,270 24,049 24,049
Charitable
activities		 9 351,048 318,222 669,270 659,617 182,478 842,095
Other 14 4,876 4,876 1,274 1,274
Total resources
expended 362,194 318,222 680,416 684,940 182,478 867,418
Net incomingl
(outgoing) resources
before transfers		 213,768 (107,518) 106,250 32,786 24,537 57,323
Gross transfers
between
funds		 36,063 (36,063)
Net income/(expenditure)
for the year/
Net movement In funds 249,831 (143,581) 106,250 32,786 24,537 57,323
Fund balances
2020		 at 1 July 66,530 1,115,387 1,181,917 33,744 1,090,850 1,124,594
Fund balances at 30
June 2021 316,361 971,806 1,288,167 66,530 1,115,387 1,181,917

2021 2020
Notes 6
Fixed assets
Tangible assets 983,782 1,038,750
Current assets
Stocks 16 2,257 2,968
Debtors 17 75,897 64,144
Cash at bank and in hand 493,478 295,796
571,632 362,908
Creditors: amounts falling due within
one year 18 (117,706) (126,416)
Net current assets 453,926 236,492
Total assets less current liabilities 1,437,708 1,275,242
Creditors: amounts falling due after
more than one year 20 (149,541) (93,325)
Net assets 1,288,167 1,181,917
Income funds
Restricted funds 22 971,806 1,115,387
Unrestricted funds
Designated funds 23 112,016
General unrestricted funds 204,345 66,530
316,361 66,530
1,288,167 1,181,917

2021 2020
Notes f
Cash flows from operating activities
Cash generated
from		 operations 27 137,945 136,471
Investing activities
Purchase oftangible fixed assets (3,167) (7,464)
Proceeds on disposal oftangible fixed
assets 417
Investment income received 404 282
Net cash used
in investing		 activities (2,763) (6,765)
Financing activities
Proceeds from borrowings 62,500
Net cash generated from/(used in)
financing activities 62,500
Net increase
in cash		 and cash equivalents 197,682 129,706
Cash and cash equivalents at beginning ofyear 295,796 166,090
Cash and cash equivalents at end of year 493,478 295,796

Donations and lega cies
Unrestricted Unrestricted
funds funds
2021 2020
f f
Donations and gifts 29,394 24,953
I egacies receivable 5,000
34,394 24,953
Charitable activities
2021 2020
f
Social Enterprise 267,885 476,939
Grants 295,877 366,074
563,762 843,013
Analysis
by fund
Unrestricted funds 353,058 635,998
Restricted funds 210,704 207,015
563,762 843,013
Grants
Lloyds Bank Foundation 24,000 23,000
Hodge Foundation 25,000 25,000
Welsh Council for Voluntary Action 37,500 106,607
Fareshare 3,809
Welsh Government 80,000 125,000
The Souter Charitable Trust 3,000
Charities
Aid Foundation		 10,000
HMRC Job Retention Scheme 32,904 26,034
Moondance Foundation 10,666
Waterloo Foundation 25,000
Homeless
Link		 91,300
The Albert Hunt Trust 5,000
Other 173 7,958
295,877 366,074

Unrestricted Unrestricted
funds funds
2021 2020
6
Shop income 8,876 34,196
Online shop 18,023 12,414
House clearance 1,917 3,383
Recycling income 4,300 6,500
Other trading activities 33,116 56,493
6 investments
Unrestricted Unrestricted
funds funds
2021 2020
6 F
Interest receivable 404 282
7 Other income
Unrestricted Unrestricted
funds funds
2021
6		 2020f
Insurance claims 154,990
8 Raising funds
Unrestricted Unrestricted
funds funds
2021 2020
E
Purchases 6,270 24,049
6,270 24,049

2021 2020
6
Staff costs 199,689 228,706
Depreciation
and impairment		 53,259 71,942
Other staff costs 4,100 10,333
Premises costs 116,717 167,258
Travel and subsistence 309 2,302
Motor expenses 17,500 18,599
Telephone 7,084 9,539
Bank charges 4,409 5,412
insurance 10,185 8,016
Repairs and renewals 49,836 75,004
Shop expenses 9,439 7,902
Companion
costs		 48,230 62,990
Computer
costs		 3,159 7,056
Advertising
and marketing		 130 785
Licences and subscdptions 1,460 552
Printing,
postage and		 stationery 6,157 3,410
Other costs 7,440 11,581
539,103 691,387
Share ofsupport costs (see note 10) 125,195 142,374
Share ofgovernance costs (see note 10) 4,972 8,334
669,270 842,095
Analysis
by fund
Unrestricted
funds		 351,048 659,617
Restricted
funds		 318,222 182,478
669,270 842,095

10 Support costs
Support Governance 2021 Support Governance 2020
costs costs costs costs
6 8 f 8 8
Staff costs 94,085 94,085 84,241 84,241
Other staff costs 1,636 1,636 15,565 15,565
Premises costs 8,577 8,577 18,896 18,896
Insurance 1,869 1,869 1,471 1,471
Printing,
postage and
stationery 481 481 1,440 1,440
Telephone 3,225 3,225 3,353 3,353
Travel and subsistence 434 434 3,234 3,234
Computer
costs		 1,507 1,507 5,894 5,894
Advertising
and
marketing 5,862 5,862 4,092 4,092
Licences and
subscriptions 6,837 6,837 1,459 1,459
Other costs 682 682 2,729 2,729
Independent
examination
fees		 3,000 3,000 5,041 5,041
Legal and professional 900 900 89 89
Accountancy fees 1,072 1,072 3,204 3,204
125,195 4,972 130,167 142,374 8,334 150,708
Analysed
between
Charitable
activities		 125,195 4,972 130,167 142,374 8,334 150,708

2021 2020
Number Number
15
Employment
costs		 2021 2020
Wages and salaries 269,907 290,842
Social security costs 17,001 15,830
Other pension costs 6,866 6,275
293,774 312,947

Unrestricted Unrestricted
funds funds
2021 2020
Net loss on disposal oftangible fixed assets 4,876 1,274
4,876 1,274

15 Tangible fixed asse ts
Freehold land Fixtures and ITEquipment Motor vehicles Total
and buildings
6		 fittings
E		 f 6
Cost
At 1 July 2020 1,254,757 148,786 9,917 23,079 1,436,539
Additions 775 2,392 3,167
Dieposals (16,688) (16,688)
At 30June 2021 1,254,757 132,873 12,309 23,079 1,423,018
Depreciation
and impairment
At 1 July 2020 242,312 130,443 5,144 19,890 397,789
Depreciation
charged		 in the year 42,774 5,947 4,340 198 53,259
Eliminated in respect ofdisposals (11,812) (11,812)
At 30June 2021 285,086 124,578 9,484 20,088 439,236
Carrying
amount
At 30June 2021 969,671 8,295 2,825 2,991 983,782
At 30June 2020 1,012,445 18,343 4,773 3,189 1,03B,750
16 Stocks
2021f 2020
E
Finished goods and goods for resale 2,257 2,968
17 Debtors
2021 2020
Amounts
falling due		 within one year: 6 6
Other debtors 18,080 30,587
Prepayments and accrued income 57,817 33,557
75,897 64,144

18 Creditors: am o unt s
f		 allin g due within one year
2021 2020
Notes 6
Borrowings 4,184
Other taxation and social security 5,000 2,570
Deferred income 19 25,000 13,000
Trade creditors 11,391 26,863
Other creditors 5,785 9,125
Accruals and deferred income 66,346 74,858
117,706 126,416
19 Deferred income
2021
6		 2020f
Arising
from grants		 25,000 13,000
Deferred income is included in the financial statements as follows:
2021f 2020
6
Balance brought forward 13,000 34,370
Income received 307,877 344,704
Income released (295,877) (366,074)
Balance carried forward 25,000 13,000
20 Creditors: amounts falling due after more than one year
2021 2020
9 6
Borrowings 101,566 43,250
Other creditors 47,975 50,075
149,541 93,325

21 Loans and overdrafts
2021 2020
6
Other loans 105,750 43,250
Payable within one year 4,184
Payable after one year 101,566 43,250
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Balance at Transfers Balance at
1 July 2020 30June 2021
Nant Lais Roof Improvements 44,016 44,016
Land Train 68,000 68,000
112,016 112,016
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2021f 2020
f.
Within one year 78,450 92,832
Between two and five years 96,453 178,708
174,903 271,540

There were no disclosable
related party		 There were no disclosable
related party		 There were no disclosable
related party		 transactions transactions during during the year (2020 - none). year (2020 - none).
27 Cash generated
from		 operations 2021
f		 2020f
Surplus
for the year		 106,250 57,323
Adjustments
for:
Investment
income recognised
in statement		 offinancial activities (404) (282)
Loss on disposal oftangible
fixed assets		 4,876 1,274
Depreciation
and impairment
of		 tangible fixed assets 53,259 71,942
Movements
in working		 capital:
Decrease
in stocks		 711 10,034
(Increase)/decrease
in		 debtors (11,753) 7,027
(Decrease)/increase
in		 creditors (26,994) 10,523
Increase/(decrease)
in		 deferred income 12,000 (21,370)
Cash generated
from		 operations 137,945 136,471
28 Analysis ofchanges in net funds
At 1 July 2020f Cash flows At 30June 2021f
Cash at bank and in hand 295,796 197,682 493,478
Loans falling due within one year (4,184) (4,184)
Loans falling due aRer more than one year (43,250) (58,316) (101,566)
252,546 135,182 387,728