Emmaus Bradford
Trustees' Report and Unaudited Accounts
30 June 2023
Emmaus Bradford Contents
||Pages|
|---|---|
|Trustees'AnnualReport|2|
|IndependentExaminer'sReport|7|
|Statement of FinancialActivities|8|
|SummaryIncomeandExpenditure Account|9|
|BalanceSheet|10|
|Notesto the Accounts|11 to 20|
|DetailedStatement of FinancialActivities|21 to 22|
Page 1
Emmaus Bradford Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 30 June 2023.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 07611104
Charity No. 1142210
Principal Office
Blakeley Solicitors 506 Thornton Road Thornton Bradford BD13 3JD Registered Office
Blakeley Solicitors 506 Thornton Road Thornton Bradford BD13 3JD
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
Sarah Dixon (Chair)
Rachel De Luca (Vice Chair)
Jan Andrew (Treasurer) Rachael Walsh (Secretary) Simon Blakeley Sofina Rafiq
Sam Larke Janette Ball Doug Hall Resigned 27 September 2022
Key Management Personnel
General Manager Fran Graham (upto Oct 22) CEO Darrell Tinsley (from Nov 22) Community Support Manager Graham Beattie (upto March 23) Retail Manager Elisa Rayner Operations Manager Jamie Rayner (upto Dec 22) Shop Manager Claire Pell
Accountants
I Hate Numbers Limited
Page 2
Emmaus Bradford Trustees Annual Report
Forester Building - 29 35 St Nicholas Place
Leicester LE1 4LD
## Bankers
CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Maling Kent ME19 4JQ
Solicitors
Schofield Sweeney Church Bank House Bradford BD1 4DY
Investment Advisors
Address Line 5
## OBJECTIVES AND ACTIVITIES
The Charity’s objects are specifically restricted to the alleviation and relief of poverty, hardship and distress arising therefrom, in accordance with the principles of the Emmaus Movement as published from time to time by Emmaus UK, to those in need without distinction by:
• the provision of accommodation, or assistance in such provision, for homeless people in the Bradford area and such other places as may seem appropriate from time to time.
• the rehabilitation of the beneficiaries as appropriate and the provision of education, training (including, without limitation, employment training) and work opportunities and satisfaction for the beneficiaries with the purpose of developing their skills to enable them to gain employment in the future and thereby develop - - a sense of self worth and dignity through having a self supporting life.
• the support of the work of other Emmaus Communities and Emmaus Groups or other agencies in the relief of poverty and homelessness whether in the United Kingdom or elsewhere in the world and in particular (without limitation) by the exchange of resources, information and expertise with other Emmaus Movement projects worldwide.
The ongoing activities of Emmaus Bradford involve the operation of two social enterprises – a charity shop in the Great Horton district of Bradford and a charity shop in the city centre. They have four main functions:
1) generate the funding required to finance the provision of accommodation for the homeless;
2) provide work experience for our companions;
3) support local people in need by providing low cost, and occasionally free of charge, furniture, household essential and appliances;
4) in the context of zero carbon and climate change provide the important function of recycling and reduction of landfill.
Page 3
Emmaus Bradford
Trustees Annual Report
This financial year our activities took a new turn with the acquisition and partial refurbishment of a property to provide accommodation for the homeless, thus providing a facility from which to meet the primary objects of our charity. Our first beneficiaries were able to move in from June 2022.
## ACHIEVEMENTS AND PERFORMANCE
- The listed plans from our 2021 22 report for this year were as follows:
Complete the refurbishment of Pollard House to create capacity for 24 companions, Provide a home and work for at least 15 companions, Ensure that the needs of our companions are met in terms of support and training, Build successful partnerships that support financial stability and add to our core offer, Develop skills and capacigty to support growth of our social enterprises, Secure a long term lease for the Bank Street shop, Secure a second van and driver to increase stock turnaround, Open a third shop as a rent free pop up to increase shop revenues, Collaborate with the Emmaus North West Partnership.
Whilst we did continue to refurbish the property, and with the help of many local corporate volunteering groups including EVRi, Probations Services, Maximus, local Rotary groups, we succeeded in increasing the capacity from the 4 completed rooms at that time to an encouraging total of 18 rooms available for occupation, due to a lack of funds; we were unable to proceed with the more costly provision of additional bathrooms which would have allowed us to reach full capacity. Furthermore, due to a failure to secure the necessary supported Housing Benefit from our local authority, we were only able to provide accommodation for 5 companions at any given time. This put considerable pressure on our financial resources.
On the social enterprise side of the charity, upon advice from Sharon Hall; Business Support Officer from Emmaus UK we took the decision to focus on maximising the revenue streams from our existing shops and online sales rather than the additional costs of running a 3rd shop as even if we secured a rent free lease, the costs incurred heating and staffing the shop would be substantial, due to the sharp increase in energy prices. As proposed in our plans, we arranged for a number of training sessions to develop the skills of our retails staff to support them in the growth of the social enterprises. We did succeed in securing funding from the West Riding Freemasons to purchase an additional van to enable us to increase stock turnaround, and secured £6k of funding towards a drivers salary from a Maximus grant. A large contingent of companions, staff, volunteers and trustees from Emmaus Bradford all attended the Emmaus North West Partnership Assembly in September 22 which gave everyone opportunities to network, share ideas and learn from their peers in other Emmaus’ and attend workshops to increase skills and knowledge. Although we did negotiate a long term lease for the Bank Street shop, this was not signed due to the uncertain nature of the refurbishments which the landlord was planning to carry out on the building; he had not provided us with any details or new floor plans other than an indication that the stairs and entrance would be relocated, and we had a great deal of concern about a reduction in retail space and potential disruption to our business whilst the work was carried out. As at the end of the year we were still waiting for further clarification. It was also felt that the proposed stepped terms were too expensive and not sustainable long term and we had begun to look around for alternate premises. Despite these concerns the position of the Bank Street shop did offer a considerable increase in footfall compared to the previous premises and we did see an increase in sales from this shop from, this was helped somewhat with the addition of the added income stream of £8383 from new beds and mattresses which we had begun to sell from this shop. One of our companions had some upholstery skills which enabled us to refurbish more items which saved more items from landfill and increased the amount of donated items we could sell.
Page 4
Emmaus Bradford
Trustees Annual Report
Our community and charitable impact on the wider issues of social exclusion and reducing poverty, has - increased through more donations of essential furniture to people being re housed due to crisis. We have continued to work with Accent Housing Association who offer a voucher system to their clients which can be exchanged for essential items in our shops.
The Queensbury Queens of the Mountain women’s cycling club arranged a sponsored cycle ride from Emmaus Leeds to Emmaus Bradford to raise funds and awareness for the great work that Emmaus does. Staff, trustees and companions (residents) provided an afternoon tea at Pollard House to thank all the participants.
Despite these wins, this financial year Emmaus Bradford has faced significant challenges. We have had a number of HR issues, loss of staff members, changeover of managers, a death of a much loved member of staff and one of our managers had 6 weeks of Jury service, all of which have contributed to added stress, low morale and capacity issues for those remaining members of personnel who have had to continue under difficult circumstances. The failure to achieve agreement with Bradford Council on the award of housing benefit meant that we were left without the financial means to cover the cost of housing our companions which does not bode well for the future.
## FINANCIAL REVIEW
Total Income for the year declined to £294,176 , a 36% reduction of 2022 (£461,897). Total expenditure for 2023 was £357,402, an increaese of more than 60% on 2022 (£222,723) . The main cost increases were due to energy costs increasing by 2.6 times, rates by 6 times, new companion costs of £15,000, rent increase of 1.5 times and depreciation expenses doubling resulting in a net loss of £63,226 (compared to a surplus of £239,174 in 2022.
The balance sheet shows reduction of total capital and reserves from £272,927 to £209,701, a 23% decrease.
Given a decline in our financial performance we retained our interim reserves policy specifying reserves of £10,000 in order to retain working capital.
## PLANS FOR FUTURE PERIODS
Despite a slight increase in sales revenue over the year, an increase incosts and the failure to secure supported housing benefit from the Local Authority with which to finance our beneficiaries,has put us into a difficult situation financially. We predicted that our reserves would only take us to the end of September before we would experience cash flow problems. Emmaus Bradford sought the help of Emmaus UK to advise us on the next course of action.
After much deliberation and after an intensive period of review, analysis and consultation, on the 9th October 2023 the trustees took thedecision to initiate the closure of Emmaus Bradford. This has been done in an orderly and managed way under the guidance of Emmaus UK. Notices were served on the shop and warehouse leases, staff were made redundant, companions were rehomed and Pollard House was put up for sale. We accepted an offer of £632000 on the house and the sale is progressing.
## STRUCTURE, GOVERNANCE AND MANAGEMENT
Page 5
Emmaus Bradford
Trustees Annual Report
Emmaus Bradford is a company limited by guarantee and it is governed by its Article of Association. It is constituted as a branch of Emmaus Uk Registered Charity No 1064470 and is bound by the Emmaus UK Constitution and its Membership Agreement.
Trustees are selected on the basis of their skills and expertise as well as their dedication to the charitable objects. In 2022-23 the charity had 8 trustees with a range of backgrounds that ensure that the board has professional oversight of operations. Howeverin the months afterthe financial yearend, both the Chair Sarah Dixon and the Treasurer Jan Andrew stepped down from their roles thus we are now down to 6 trustees. Rachel De Luca took up the role of Interim Chair. During this year the company replaced the outgoing General Manager with a CEO, there are 4 other full time employees.The CEO resigned early August and was replaced with an interim CEO; Donald Forrester, provided by Emmaus UK.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
R.L. Deluca Trustee 26 March 2024
Page 6
Emmaus Bradford
Independent Examiners Report
Independent Examiner's Report to the trustees of Emmaus Bradford
I report to the charity trustees on my examination of the financial statements of Emmaus Bradford for the year ended 30 June 2023 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.
## Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ' ( the 2006 Act.
Having satisfied myself that the financial statements 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 your charity's financial statements as 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
As 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 FCCA.
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the financial statements have not been prepared in accordance with the Charities SORP (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 financial statements to be reached.
Mahmood Reza
FCCA
I Hate Numbers Limited
Forester Building
- 29 35 St Nicholas Place
Leicester
## LE1 4LD
26 March 2024
Page 7
Emmaus Bradford
Statement of Financial Activities
for the year ended 30 June 2023
|for the year ended 30June 2023|||||
|---|---|---|---|---|
|Notes
Income and endowments
from:
Donationsandlegacies
4
Charitableactivities
5
Investments
6
Other
7
Total
Expenditure on:
Raisingfunds
8
Charitableactivities
9
Other
10
Total
Netgainsoninvestments
Net(expenditure)/income
11
Transfersbetweenfunds
Net(expenditure)/income
before othergains/(losses)
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward|Unrestricted
funds
2023
£
30,623
216,174
697
400|Restricted
funds
2023
£
-
46,282
-
-|Totalfunds
2023
£
30,623
262,456
697
400|Totalfunds
2022
£
239,778
215,603
33
6,483|
||247,894
1,750
272,793
24,194|46,282
-
52,989
5,677|294,176
1,750
325,782
29,871|461,897
3,500
206,382
12,841|
||298,737
-|58,666
-|357,403
-|222,723
-|
||(50,843)
-|(12,384)
-|(63,227)
-|239,174
-|
||(50,843)|(12,384)|(63,227)|239,174|
||(50,843)
109,353|(12,384)
163,574|(63,227)
272,927|239,174
33,753|
||58,510|151,190|209,700|272,927|
Page 8
Emmaus Bradford Summary Income and Expenditure Account
for the year ended 30 June 2023
|Income
Interestandinvestmentincome
Gross incomefor the year
Expenditure
Interest payable
Depreciationandchargesfor
impairment of fixedassets
Totalexpenditurefor the year
Net(expenditure)/income before tax
for the year
Net(expenditure)/incomefor the year|2023
£
293,479
697
294,176
329,321
5,253
22,829
357,403
(63,227)
(63,227)|2022
£
461,864
33|
|---|---|---|
|||461,897|
|||210,956
998
10,769|
|||222,723|
|||239,174|
|||239,174|
Page 9
Emmaus Bradford Balance Sheet
at 30 June 2023
|at 30June 2023||
|---|---|
|Company No.
07611104
Notes
2023
£
Fixed assets
Tangibleassets
13
611,635
611,635
Current assets
Debtors
14
27,985
Cashat bankandin hand
59,089
87,074
Creditors: Amountfallingdue within one year
15
(75,923)
Netcurrent assets
11,151
Totalassets lesscurrentliabilities
622,786
Creditors: Amountsfallingdueafter more than one year
16
(413,086)
Net assetsexcludingpension asset orliability
209,700
Totalnet assets
209,700
Thefundsofthecharity
Restrictedfunds
17
Restrictedincomefunds
151,190
151,190
Unrestrictedfunds
17
Generalfunds
58,510
58,510
Reserves
17
Totalfunds
209,700|2022
£
610,964|
||610,964
22,638
73,160|
||95,798
(26,529)|
||69,269
680,233
(407,306)|
||272,927|
||272,927|
||163,574|
||163,574
109,353|
||109,353|
||272,927|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 30 June 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 26 March 2024
And signed on its behalf by:
R.L. Deluca
Trustee
26 March 2024
Page 10
Emmaus Bradford Notes to the Accounts
for the year ended 30 June 2023
- 1 Accounting policies
## Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January - 2015) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## Fund accounting
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
- Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) where and facilities the benefit to the Charity is reasonably quantifiable, measurable and material.
- Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value at revaluation of fixed the end of the year.
## assets
Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 11
Emmaus Bradford Notes to the Accounts
## Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs.
- Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.
## Taxation
The charity is exempt from corporation tax on its charitable activities.
## Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Freehold property 2% Straight line Plant and Machinery 25% Reducing balance Motor Vehicles 25% Reducing balance
## Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other - short term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 12
Emmaus Bradford Notes to the Accounts
## Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## Research and development
Expenditure on research and development is written off in the year in which it is incurred.
## Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity
are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
## Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
- Operating lease payments are recognised as an expense on a straight line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense - on a straight line basis.
## Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
## Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 13
Emmaus Bradford Notes to the Accounts
- 2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
- 3 Statement of Financial Activities - prior year
|3
Statement ofFinancialActivities-prior year|||
|---|---|---|
|Income and endowmentsfrom:
Donationsandlegacies
Charitableactivities
Investments
Other
Total
Expenditure on:
Raisingfunds
Charitableactivities
Other
Total
Netincome
Netincome before other
gains/(losses)
Othergainsandlosses:
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward
4
Incomefrom donationsandlegacies
Grants
Donations
Gift Aid|Unrestricted
funds
2022
£
42,273
190,603
33
6,483
239,392
3,500
148,525
11,767
163,792
75,600
75,600
75,600
33,753
109,353
Unrestricted
£
6,388
22,781
1,454
30,623|Restricted
funds
2022
£
197,505
25,000
-
-|
|||222,505
-
58,931
-|
|||58,931|
|||163,574|
|||163,574|
|||163,574
-|
|||163,574|
|||Total
2023
£
6,388
22,781
1,454|
|||30,623|
Page 14
Emmaus Bradford
Notes to the Accounts
- 5 Income from charitable activities
|5
Incomefromcharitable activities||||
|---|---|---|---|
|Grants
ShopSales
HouseClearance
6
Incomefrominvestments
InterestIncome
7
Otherincome
VATrepayments
8
Expenditure on raising funds
Costsofgenerating voluntary
income
Grants|Unrestricted
£
4,900
206,864
4,410
216,174|Restricted
£
46,282
-
-
46,282
Unrestricted
£
697
697
Unrestricted
£
400
400|Total
2023
£
51,182
206,864
4,410
262,456
Total
2023
£
697
697
Total
2023
£
400
400|
|||||
|||Unrestricted
£
1,750
1,750|Total
2023
£
1,750
1,750|
Page 15
## Emmaus Bradford
Notes to the Accounts
|9|Expenditure oncharitable activities|Expenditure oncharitable activities||||
|---|---|---|---|---|---|
|||Unrestricted||Restricted|Total|
||||||2023|
||||£|£|£|
||Expenditureoncharitable|||||
||activities|||||
||Grants|28,173||1,667|29,840|
||ShopSales|109,482||41,424|150,906|
||HouseClearance|104,169||7,923|112,092|
||Motor &Travelcost|28,528||1,975|30,503|
||Governancecosts|||||
||Accounting&Independent
Examination|2,441||-|2,441|
|||272,793||52,989|325,782|
|10|Other expenditure|||||
|||Unrestricted||Restricted|Total|
||||||2023|
||||£|£|£|
||Otherinterest payable|181||5,072|5,253|
||Employeecosts|1,184||-|1,184|
||Premises costs||-|605|605|
||Amortisation,depreciation,|||||
||impairment,profit/losson|22,829||-|22,829|
||disposalof fixedassets|||||
||Legaland professionalcosts||-|-|-|
|||24,194||5,677|29,871|
|11|Net(expenditure)/income before transfers|||||
|||||2023||
||Thisis statedaftercharging:|||£||
||Depreciation ofownedfixedassets|||22,829||
||IndependentExaminer's fee|||1,200||
||Otherfeespaid to theauditor
independent examiner|or||1,241||
|12|Staffcosts|||||
||No employee received emolumentsin excessof£60,000.|||||
||Theaverage monthly number|of fulltime equivalent employees||duringthe year wasasfollows:||
|||||2023||
|||||Number||
|||||5||
|||||5||
Page 16
Emmaus Bradford Notes to the Accounts
13 Tangible fixed assets
|13 Tangiblefixed assets|||
|---|---|---|
|Land and
buildings
Plant and
Machinery
£
£
Cost or revaluation
At 1July 2022
579,014
37,769
Additions
-
-
At 30June 2023
579,014
37,769
Depreciation and
impairment
At 1July 2022
5,790
5,478
Depreciationchargefor the
year
11,580
4,011
At 30June 2023
17,370
9,489
Net bookvalues
At 30June 2023
561,644
28,280
At 30June 2022
573,224
32,291
14 Debtors
Trade debtors
VATrecoverable
Other debtors
Prepaymentsandaccruedincome
15 Creditors:
amountsfallingdue within one year
Loans
Otherloans
Tradecreditors
Other taxesandsocialsecurity
Othercreditors
Accruals
16 Creditors:
amountsfallingdueafter more than one year
Otherloans|Motor Vehicles
£
14,622
23,500
38,122
9,837
7,071
16,908
21,214
4,785
2023
£
390
5,595
22,000
-
27,985
2023
£
57,535
-
6,203
1,870
765
9,550
75,923
2023
£
413,086
413,086|Fixturesand
Fittings
£
885
-|
|||885|
|||221
167|
|||388|
|||497|
|||664|
||||
Page 17
Emmaus Bradford Notes to the Accounts
## 17 Movement in funds
|Restrictedfunds:
Restrictedincomefunds:
EmmausUK
Nationwide
PrivatePhilanthropy
Bradford Guild ofHelp
NeighbourlyB&Q
AwardsforallM NW
Other
Total
Unrestrictedfunds:
Generalfunds
Totalfunds|At 1July
2022
121,524
-
37,050
5,000
-
-
-
163,574
109,353
272,927|Incoming
resources
(including
other
gains/losses)
£
30,000
5,040
-
-
5,000
2,425
3,817
46,282
247,894
294,176|Resources
expended
£
(40,537)
(4,528)
-
-
(5,053)
(2,496)
(6,052)
(58,666)
(298,737)
(357,403)|
|---|---|---|---|
Purposes and restrictions in relation to the funds:
Restricted funds: Emmaus UK Purchase of PH, Feasibility/Surveyor Report, contribution to GM/CEO Salary Nationwide Companion wellbeing, Support worker salary, training etc Private Philanthropy Purchase Pollard House Bradford Guild of Help Fire Safety upgrades Neighbourly B&Q Refurbishment Awards for all M NW Core costs and office/mktg etc Other
18 Analysis of net assets between funds
|Bradford Guild ofHelp
FireSafety upgrades
NeighbourlyB&Q
Refurbishment
AwardsforallM NW
Corecostsand office/mktgetc
Other
Analysisofnet assetsbetweenfunds|||
|---|---|---|
|Fixedassets
Netcurrentassets
Creditorsduein more than one yearand
provisions|Unrestricted
funds
£
611,635
68,686
-
680,321|Restricted
funds
£
-
(57,535)
(413,086)|
|||(470,621)|
Page 18
Emmaus Bradford Notes to the Accounts
## 19 Reconciliation of net debt
|Cashandcash equivalents
Bankoverdrafts
Borrowings
Net debt|At 1July 2022
£|Cashflows
£|
|---|---|---|
||73,160|(14,071)|
||-|(57,535)|
||73,160
(419,706)
(419,706)
(346,546)|(71,606)
6,620
6,620
(64,986)|
## 20 Post balance sheet events
- - A decision to clsoe the charity was made on 9 Oct 23 and this affects the going concern assumption for the charity. The realisable value of the assets are estimated to be at least equivalent to the current carrying value as at 30-June-23. Consequently no adjustment has been made to those values.
## 21 Related party disclosures
## Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 19
Emmaus Bradlord
Notes to the Accounts
Page 20
Emmaus Bradford Notes to the Accounts
## Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs.
- Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.
## Taxation
The charity is exempt from corporation tax on its charitable activities.
## Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Freehold property 2% Straight line Plant and Machinery 25% Reducing balance Motor Vehicles 25% Reducing balance
## Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other - short term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 21
Emmaus Bradford Notes to the Accounts
## Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## Research and development
Expenditure on research and development is written off in the year in which it is incurred.
## Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity
are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
## Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
- Operating lease payments are recognised as an expense on a straight line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense - on a straight line basis.
## Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
## Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 22
Emmaus Bradford Notes to the Accounts
- 2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
- 3 Statement of Financial Activities - prior year
|3
Statement ofFinancialActivities-prior year|||
|---|---|---|
|Income and endowmentsfrom:
Donationsandlegacies
Charitableactivities
Investments
Other
Total
Expenditure on:
Raisingfunds
Charitableactivities
Other
Total
Netincome
Netincome before other
gains/(losses)
Othergainsandlosses:
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward
4
Incomefrom donationsandlegacies
Grants
Donations
Gift Aid|Unrestricted
funds
2022
£
42,273
190,603
33
6,483
239,392
3,500
148,525
11,767
163,792
75,600
75,600
75,600
33,753
109,353
Unrestricted
£
6,388
22,781
1,454
30,623|Restricted
funds
2022
£
197,505
25,000
-
-|
|||222,505
-
58,931
-|
|||58,931|
|||163,574|
|||163,574|
|||163,574
-|
|||163,574|
|||Total
2023
£
6,388
22,781
1,454|
|||30,623|
Page 23
Emmaus Bradford
Notes to the Accounts
- 5 Income from charitable activities
|5
Incomefromcharitable activities||||
|---|---|---|---|
|Grants
ShopSales
HouseClearance
6
Incomefrominvestments
InterestIncome
7
Otherincome
VATrepayments
8
Expenditure on raising funds
Costsofgenerating voluntary
income
Grants|Unrestricted
£
4,900
206,864
4,410
216,174|Restricted
£
46,282
-
-
46,282
Unrestricted
£
697
697
Unrestricted
£
400
400|Total
2023
£
51,182
206,864
4,410
262,456
Total
2023
£
697
697
Total
2023
£
400
400|
|||||
|||Unrestricted
£
1,750
1,750|Total
2023
£
1,750
1,750|
Page 24
## Emmaus Bradford
Notes to the Accounts
|9|Expenditure oncharitable activities|Expenditure oncharitable activities||||
|---|---|---|---|---|---|
|||Unrestricted||Restricted|Total|
||||||2023|
||||£|£|£|
||Expenditureoncharitable|||||
||activities|||||
||Grants|28,173||1,667|29,840|
||ShopSales|109,482||41,424|150,906|
||HouseClearance|104,169||7,923|112,092|
||Motor &Travelcost|28,528||1,975|30,503|
||Governancecosts|||||
||Accounting&Independent
Examination|2,441||-|2,441|
|||272,793||52,989|325,782|
|10|Other expenditure|||||
|||Unrestricted||Restricted|Total|
||||||2023|
||||£|£|£|
||Otherinterest payable|181||5,072|5,253|
||Employeecosts|1,184||-|1,184|
||Premises costs||-|605|605|
||Amortisation,depreciation,|||||
||impairment,profit/losson|22,829||-|22,829|
||disposalof fixedassets|||||
||Legaland professionalcosts||-|-|-|
|||24,194||5,677|29,871|
|11|Net(expenditure)/income before transfers|||||
|||||2023||
||Thisis statedaftercharging:|||£||
||Depreciation ofownedfixedassets|||22,829||
||IndependentExaminer's fee|||1,200||
||Otherfeespaid to theauditor
independent examiner|or||1,241||
|12|Staffcosts|||||
||No employee received emolumentsin excessof£60,000.|||||
||Theaverage monthly number|of fulltime equivalent employees||duringthe year wasasfollows:||
|||||2023||
|||||Number||
|||||5||
|||||5||
Page 25
Emmaus Bradford Notes to the Accounts
13 Tangible fixed assets
|13 Tangiblefixed assets|||
|---|---|---|
|Land and
buildings
Plant and
Machinery
£
£
Cost or revaluation
At 1July 2022
579,014
37,769
Additions
-
-
At 30June 2023
579,014
37,769
Depreciation and
impairment
At 1July 2022
5,790
5,478
Depreciationchargefor the
year
11,580
4,011
At 30June 2023
17,370
9,489
Net bookvalues
At 30June 2023
561,644
28,280
At 30June 2022
573,224
32,291
14 Debtors
Trade debtors
VATrecoverable
Other debtors
Prepaymentsandaccruedincome
15 Creditors:
amountsfallingdue within one year
Loans
Otherloans
Tradecreditors
Other taxesandsocialsecurity
Othercreditors
Accruals
16 Creditors:
amountsfallingdueafter more than one year
Otherloans|Motor Vehicles
£
14,622
23,500
38,122
9,837
7,071
16,908
21,214
4,785
2023
£
390
5,595
22,000
-
27,985
2023
£
57,535
-
6,203
1,870
765
9,550
75,923
2023
£
413,086
413,086|Fixturesand
Fittings
£
885
-|
|||885|
|||221
167|
|||388|
|||497|
|||664|
||||
Page 26
Emmaus Bradford Notes to the Accounts
## 17 Movement in funds
|Restrictedfunds:
Restrictedincomefunds:
EmmausUK
Nationwide
PrivatePhilanthropy
Bradford Guild ofHelp
NeighbourlyB&Q
AwardsforallM NW
Other
Total
Unrestrictedfunds:
Generalfunds
Totalfunds|At 1July
2022
121,524
-
37,050
5,000
-
-
-
163,574
109,353
272,927|Incoming
resources
(including
other
gains/losses)
£
30,000
5,040
-
-
5,000
2,425
3,817
46,282
247,894
294,176|Resources
expended
£
(40,537)
(4,528)
-
-
(5,053)
(2,496)
(6,052)
(58,666)
(298,737)
(357,403)|
|---|---|---|---|
Purposes and restrictions in relation to the funds:
Restricted funds: Emmaus UK Purchase of PH, Feasibility/Surveyor Report, contribution to GM/CEO Salary Nationwide Companion wellbeing, Support worker salary, training etc Private Philanthropy Purchase Pollard House Bradford Guild of Help Fire Safety upgrades Neighbourly B&Q Refurbishment Awards for all M NW Core costs and office/mktg etc Other
18 Analysis of net assets between funds
|Bradford Guild ofHelp
FireSafety upgrades
NeighbourlyB&Q
Refurbishment
AwardsforallM NW
Corecostsand office/mktgetc
Other
Analysisofnet assetsbetweenfunds|||
|---|---|---|
|Fixedassets
Netcurrentassets
Creditorsduein more than one yearand
provisions|Unrestricted
funds
£
611,635
68,686
-
680,321|Restricted
funds
£
-
(57,535)
(413,086)|
|||(470,621)|
Page 27
Emmaus Bradford Notes to the Accounts
## 19 Reconciliation of net debt
|Cashandcash equivalents
Bankoverdrafts
Borrowings
Net debt|At 1July 2022
£|Cashflows
£|
|---|---|---|
||73,160|(14,071)|
||-|(57,535)|
||73,160
(419,706)
(419,706)
(346,546)|(71,606)
6,620
6,620
(64,986)|
## 20 Post balance sheet events
- - A decision to clsoe the charity was made on 9 Oct 23 and this affects the going concern assumption for the charity. The realisable value of the assets are estimated to be at least equivalent to the current carrying value as at 30-June-23. Consequently no adjustment has been made to those values.
## 21 Related party disclosures
## Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 28
Emmaus Bradlord
Notes to the Accounts
Page 29
Emmaus Bradford Notes to the Accounts
## Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs.
- Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.
## Taxation
The charity is exempt from corporation tax on its charitable activities.
## Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Freehold property 2% Straight line Plant and Machinery 25% Reducing balance Motor Vehicles 25% Reducing balance
## Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other - short term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 30
Emmaus Bradford Notes to the Accounts
## Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## Research and development
Expenditure on research and development is written off in the year in which it is incurred.
## Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity
are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
## Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
- Operating lease payments are recognised as an expense on a straight line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense - on a straight line basis.
## Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
## Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 31
Emmaus Bradford Notes to the Accounts
- 2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
- 3 Statement of Financial Activities - prior year
|3
Statement ofFinancialActivities-prior year|||
|---|---|---|
|Income and endowmentsfrom:
Donationsandlegacies
Charitableactivities
Investments
Other
Total
Expenditure on:
Raisingfunds
Charitableactivities
Other
Total
Netincome
Netincome before other
gains/(losses)
Othergainsandlosses:
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward
4
Incomefrom donationsandlegacies
Grants
Donations
Gift Aid|Unrestricted
funds
2022
£
42,273
190,603
33
6,483
239,392
3,500
148,525
11,767
163,792
75,600
75,600
75,600
33,753
109,353
Unrestricted
£
6,388
22,781
1,454
30,623|Restricted
funds
2022
£
197,505
25,000
-
-|
|||222,505
-
58,931
-|
|||58,931|
|||163,574|
|||163,574|
|||163,574
-|
|||163,574|
|||Total
2023
£
6,388
22,781
1,454|
|||30,623|
Page 32
Emmaus Bradford
Notes to the Accounts
- 5 Income from charitable activities
|5
Incomefromcharitable activities||||
|---|---|---|---|
|Grants
ShopSales
HouseClearance
6
Incomefrominvestments
InterestIncome
7
Otherincome
VATrepayments
8
Expenditure on raising funds
Costsofgenerating voluntary
income
Grants|Unrestricted
£
4,900
206,864
4,410
216,174|Restricted
£
46,282
-
-
46,282
Unrestricted
£
697
697
Unrestricted
£
400
400|Total
2023
£
51,182
206,864
4,410
262,456
Total
2023
£
697
697
Total
2023
£
400
400|
|||||
|||Unrestricted
£
1,750
1,750|Total
2023
£
1,750
1,750|
Page 33
## Emmaus Bradford
Notes to the Accounts
|9|Expenditure oncharitable activities|Expenditure oncharitable activities||||
|---|---|---|---|---|---|
|||Unrestricted||Restricted|Total|
||||||2023|
||||£|£|£|
||Expenditureoncharitable|||||
||activities|||||
||Grants|28,173||1,667|29,840|
||ShopSales|109,482||41,424|150,906|
||HouseClearance|104,169||7,923|112,092|
||Motor &Travelcost|28,528||1,975|30,503|
||Governancecosts|||||
||Accounting&Independent
Examination|2,441||-|2,441|
|||272,793||52,989|325,782|
|10|Other expenditure|||||
|||Unrestricted||Restricted|Total|
||||||2023|
||||£|£|£|
||Otherinterest payable|181||5,072|5,253|
||Employeecosts|1,184||-|1,184|
||Premises costs||-|605|605|
||Amortisation,depreciation,|||||
||impairment,profit/losson|22,829||-|22,829|
||disposalof fixedassets|||||
||Legaland professionalcosts||-|-|-|
|||24,194||5,677|29,871|
|11|Net(expenditure)/income before transfers|||||
|||||2023||
||Thisis statedaftercharging:|||£||
||Depreciation ofownedfixedassets|||22,829||
||IndependentExaminer's fee|||1,200||
||Otherfeespaid to theauditor
independent examiner|or||1,241||
|12|Staffcosts|||||
||No employee received emolumentsin excessof£60,000.|||||
||Theaverage monthly number|of fulltime equivalent employees||duringthe year wasasfollows:||
|||||2023||
|||||Number||
|||||5||
|||||5||
Page 34
Emmaus Bradford Notes to the Accounts
13 Tangible fixed assets
|13 Tangiblefixed assets|||
|---|---|---|
|Land and
buildings
Plant and
Machinery
£
£
Cost or revaluation
At 1July 2022
579,014
37,769
Additions
-
-
At 30June 2023
579,014
37,769
Depreciation and
impairment
At 1July 2022
5,790
5,478
Depreciationchargefor the
year
11,580
4,011
At 30June 2023
17,370
9,489
Net bookvalues
At 30June 2023
561,644
28,280
At 30June 2022
573,224
32,291
14 Debtors
Trade debtors
VATrecoverable
Other debtors
Prepaymentsandaccruedincome
15 Creditors:
amountsfallingdue within one year
Loans
Otherloans
Tradecreditors
Other taxesandsocialsecurity
Othercreditors
Accruals
16 Creditors:
amountsfallingdueafter more than one year
Otherloans|Motor Vehicles
£
14,622
23,500
38,122
9,837
7,071
16,908
21,214
4,785
2023
£
390
5,595
22,000
-
27,985
2023
£
57,535
-
6,203
1,870
765
9,550
75,923
2023
£
413,086
413,086|Fixturesand
Fittings
£
885
-|
|||885|
|||221
167|
|||388|
|||497|
|||664|
||||
Page 35
Emmaus Bradford Notes to the Accounts
## 17 Movement in funds
|Restrictedfunds:
Restrictedincomefunds:
EmmausUK
Nationwide
PrivatePhilanthropy
Bradford Guild ofHelp
NeighbourlyB&Q
AwardsforallM NW
Other
Total
Unrestrictedfunds:
Generalfunds
Totalfunds|At 1July
2022
121,524
-
37,050
5,000
-
-
-
163,574
109,353
272,927|Incoming
resources
(including
other
gains/losses)
£
30,000
5,040
-
-
5,000
2,425
3,817
46,282
247,894
294,176|Resources
expended
£
(40,537)
(4,528)
-
-
(5,053)
(2,496)
(6,052)
(58,666)
(298,737)
(357,403)|
|---|---|---|---|
Purposes and restrictions in relation to the funds:
Restricted funds: Emmaus UK Purchase of PH, Feasibility/Surveyor Report, contribution to GM/CEO Salary Nationwide Companion wellbeing, Support worker salary, training etc Private Philanthropy Purchase Pollard House Bradford Guild of Help Fire Safety upgrades Neighbourly B&Q Refurbishment Awards for all M NW Core costs and office/mktg etc Other
18 Analysis of net assets between funds
|Bradford Guild ofHelp
FireSafety upgrades
NeighbourlyB&Q
Refurbishment
AwardsforallM NW
Corecostsand office/mktgetc
Other
Analysisofnet assetsbetweenfunds|||
|---|---|---|
|Fixedassets
Netcurrentassets
Creditorsduein more than one yearand
provisions|Unrestricted
funds
£
611,635
68,686
-
680,321|Restricted
funds
£
-
(57,535)
(413,086)|
|||(470,621)|
Page 36
Emmaus Bradford Notes to the Accounts
## 19 Reconciliation of net debt
|Cashandcash equivalents
Bankoverdrafts
Borrowings
Net debt|At 1July 2022
£|Cashflows
£|
|---|---|---|
||73,160|(14,071)|
||-|(57,535)|
||73,160
(419,706)
(419,706)
(346,546)|(71,606)
6,620
6,620
(64,986)|
## 20 Post balance sheet events
- - A decision to clsoe the charity was made on 9 Oct 23 and this affects the going concern assumption for the charity. The realisable value of the assets are estimated to be at least equivalent to the current carrying value as at 30-June-23. Consequently no adjustment has been made to those values.
## 21 Related party disclosures
## Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 37
Emmaus Bradlord
Notes to the Accounts
Page 38
Emmaus Bradford Notes to the Accounts
## Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs.
- Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.
## Taxation
The charity is exempt from corporation tax on its charitable activities.
## Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Freehold property 2% Straight line Plant and Machinery 25% Reducing balance Motor Vehicles 25% Reducing balance
## Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other - short term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 39
Emmaus Bradford
Detailed Statement of Financial Activities
for the year ended 30 June 2023
|for the year ended 30June 2023|||||
|---|---|---|---|---|
|Income and endowmentsfrom:
Donationsandlegacies
Grants
Donations
Gift Aid
Charitableactivities
Grants
ShopSales
HouseClearance
Investments
InterestIncome
Other
VATrepayments
Total income and endowments
Expenditure on:
Costsofgeneratingdonationsand
legacies
Grants
Totalofexpenditure on raising
funds
Charitableactivities
Grants
ShopSales
HouseClearance
Motor &Travelcost
Governancecosts
Accounting&Independent
Examination
Totalofexpenditure oncharitable
activities
Other expenditure|Unrestricted
funds
2023
£
6,388
22,781
1,454
30,623
4,900
206,864
4,410
216,174
697
697
400
400
247,894
1,750
1,750
1,750
28,173
109,482
104,169
28,528
270,352
2,441
2,441
272,793|Restricted
funds
2023
£
-
-
-
-
46,282
-
-
46,282
-
-
-
-
46,282
-
-
-
1,667
41,424
7,923
1,975
52,989
-
-
52,989|Total
funds
2023
£
6,388
22,781
1,454
30,623
51,182
206,864
4,410
262,456
697
697
400
400
294,176
1,750
1,750
1,750
29,840
150,906
112,092
30,503
323,341
2,441
2,441
325,782|Total
funds
2022
£
155,482
71,384
12,912|
|||||239,778|
|||||48,787
162,844
3,972|
|||||215,603|
|||||33|
|||||33|
|||||6,483|
|||||6,483|
|||||461,897
3,500|
|||||3,500|
|||||3,500
11,389
129,334
48,049
14,610|
|||||203,382|
|||||3,000|
|||||3,000|
|||||206,382|
Page 40
## Emmaus Bradford
## Detailed Statement of Financial Activities
|EmmausBradford
DetailedStatement ofFinancialActivities|||||
|---|---|---|---|---|
|Otherinterest payable
Employeecosts
Staffrecruitment
Stafftraining
Premises costs
Other premises costs
Generaladministrativecosts,
includingdepreciationand
amortisation
Depreciation of Plantand
Machinery
Depreciation ofMotor Vehicles
Depreciation of Fixturesand
Fittings
Legaland professionalcosts
Otherlegaland professional
costs
Totalofexpenditure ofothercosts
Totalexpenditure
Netgainsoninvestments
Net(expenditure)/income
Net(expenditure)/income before
othergains/(losses)
Other Gains
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward|181
181
734
450
1,184
-
-
-
22,829
-
22,829
-
-
24,194
298,737
-
(50,843)
(50,843)
-
(50,843)
109,353
58,510|5,072
5,072
-
-
-
605
605
-
-
-
-
-
-
5,677
58,666
-
(12,384)
(12,384)
-
(12,384)
163,574
151,190|5,253
5,253
734
450
1,184
605
605
-
22,829
-
22,829
-
-
29,871
357,403
-
(63,227)
(63,227)
-
(63,227)
272,927
209,700|998|
|||||998|
|||||-
-|
|||||-|
|||||-|
|||||-|
|||||-
10,769
-|
|||||10,769|
|||||1,074|
|||||1,074|
||||||
|||||12,841|
|||||222,723
-|
|||||239,174|
|||||239,174
-|
|||||239,174|
|||||33,753|
|||||272,927|
Page 41
Signed By
## Rachel De Luca
Date Signed 2024-03-27 09:09:56 Email Rachel@emmausbradford.org.uk Printed Name Rachel De Luca IP Address 151.229.203.218 Browser User Agent Mozilla/5.0 (iPhone; CPU iPhone OS 17_4_1 like Mac OS X) AppleWebKit/605.1.15 (KHTML, like Gecko) Version/17.4.1 Mobile/15E148 Safari/604.1 Name of signatory Rachel De Luca