emmaus EMMAUS CORNWALL ANNUAL REPORT AND ACCOUNTS For the year ended 30th June 2021 Reglstered Office: 63 Sea Road, Carlyon Bay. SL Au3tell. Cornvrall, England, PL25 3SG Registered Charity No. 1146102 A Company Limit by Guarantee No. 7926408 (England & Wales)
Emmaus Cornwall la company limtted by guarantee) Financial statements forthe year ended jUne 2021 Company infonnation Charity registration number: 1146102 Company registration number: 7926408 Regi8tsr•d office: 63 Sea Road Carlyon Bay SL Austell Cornwall PL25 3SG Patron8 J 8owen A M J Galsworthy Tru8to•sIDlrector8: AJAddo S J T Clagu• MJHeap T A Horrocks R l Richardson J Stanton S Trewella R A Wllllams Treasurer: S J T Clagua Bankers: HSBC Bank PLC 17 Boscawen Street Truro Comwall TR12QZ Independent examiner: E T Paseoe (FCA, BA {Econ.)) M•ssrs. Pryor, Begent & Fry. Chartered Accountants 13-15 Commercial Road HAYLE Comwall Page1 of1
Emmaus Cornwall la company limf(ed by guarantee) Financial statements for the year ended 3 June 2021 Index to the financial statements Report of the trust•es Independent examin6r'8 report Prln¢ipal accounting pollcles Statement of financlal activltl•s Balance 8hoet Notes to the financlal Statements 10 Page1of1
Emmau5 Cornwall la company limiied by guardnteel Financlal statements for the year ended 30 June 2021 Report of the trustees Backgrnund Emmaus Cornwall was incorporated under the Companies Act 2006 as a private company, limited by guarantee, and registered at Companies House on 2P January 2012. Emmaus ComwRII was established for exclusively charrtable purposes for the public benefft and was registered as a charity with the Charity Commission on 2P F8bruary 2012. The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as trustees. The twstees who served during the year Vre as follows'.- A.M. Coode {resigned 23101120211 A. J. Addo (appointed 1910512021) S. J. T. Clague (appointed 1910512021) M. J. Heap T. A. Hoffocks (appointed 1910512021) N. P. Ludgate (appointed 1811112020. resigned 3010612021) M. J. Norris (appointed 1811112020, resigned 2110412021) R. l. Richardson J. L. Riley (appointed 18111r2020, resigned 18108r2021) J. Stanton (appointed 1910512021) S. Trewella {Chair) R. A. Williams R. Winn (appointed 1811112020) Objectlves of the Compny Emmaus Comwall is working towards providing a residential Communtty that offers both a home and work for our Companions. Our Companions are fomierly homeless people who give up all benefits. except housing benefrts, and work as volunteers in our social enterprises,. they are paid a weekly allowanc8 and have free board and accomm¢)dation. We are developing social enter- prises that will allow us to be financially self-suffioent and to provide Companions with a route to re-enter the workplace as part of their rehabilFtation. Our Community will provide a home in a supportNe environment that will enable Companions to move on from homelessness. They will have been wrthout a home, Iwing on the streets and sle8ping rough. Our Communty will be concemed with the provision of education and training for Companions the purpose of developing skills to enable them to live independently and gain employment or remain in the Communty rf they so choose. Each person will have their own room, but meals will be eaten together, housework will be shared and social activities encouraged and supported. Emmaus Comwall is committed to working both with other Emmaus Communities in the UK and inlemationally and in partnership wtth other agencies as part of a joined up approach to meeting the needs of homeless people. Pa8e1 of1
Emmaus Cornwall {a company limited by guarantee) Financlal statements for the year ended 30 June 2021 As for th8 pmvious, this yeer has been one of"breakryeven" financially. With thé assbtance of the Project Manager progress was made across a range of opportunitses but was limited by the Coro- navirus epidemic. Progr8ss contlnuad to be made in strengthening the skill SeVexperien of the Board of Trustees. An audit of existing competencies showed some weaknesses which at the year end were being addr8ss8d. Reserves Poll¢y The trustees consider it appropriate, whilst they continues to work up business plan proposals not to pursue a fonnal Reserves Policy. This position will be reviewgd as and when neSsary in th8 Ilght of Emmaus ComvRII's progress. Rlsk Managem•nt Thè trustees havè and wlll maSntaln an orKJoing revlv4V of all rlsks to whlch the Charity Is exposed during its operations and thereaft8r and ftjndraising athities. Wh8re appropriatè, systèms or pr cedure8 will be established to mtyale the risks. ON BEHALF OF THE TRUSTEES Slgned: {Mrs Sue Trew8lla, Chair, Emmaus Comwall) Date: Page Sof 10
Emmaus Cornwall la company limited by guarantee) Financial statements for the year ended 30 June 2021 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES I report on the accounts for the year ended 30th June 2021 vthbch are set out on Pages &11. Respective responsibilities of the Tmstees and of the Independent Examinor The Trustees (who are 81s0 the Director5 of the Company for the purposes of company law) are re- sponsible for the preparation of the accounts. The Trustees COnder that an audit is nol required for this period under Section 144{2) and that an independent examinat'on is required. The charity is re- quired by company law to prepare accrued accounts and l am qualified to undertake the examination by being a qualffied member of the Inskntute of Chartered Arxountants in England and Wales. Havlng satisfied myself that the d)arity is not subject to audit under company law and is eligible for independent examination, rt is my ponsibIlIty..- to examine the accounts under Sects'on 145 of the 2011 Art to follow the procedures laid down in the General Direcb'ons given by the Charity Commissioners In Section 14515.b) of the 2011 Act,. and to state whether particular matters have come to my attention. Basis of the Independent Examinees Statement My examinatton vms card out in accordance th the General Directions given by the Charity Com- mission. An examination Includes a revie•V of the accounllng records kept by the charity and a comparison of the accounls presented wrth those records. It also includes considerab'on of any unusual items or disclosures in the accounts and seeking exFlanab"ons from the Trustees concerning any such matters. The procedures undertaken do not provide all the eviden that would be required in an audit and consequently I do not eXpsS an opinion as to whether the accounts present a Yrue and fair vie and the report is limf(ed to those matters sel out in the statement bdow. Independent Examiner's Statement In connection Yth my examination no mattets have come to my attention'.- which give me aSOnable cause to lIeVe that in any material reskwt the requirements - to keep accounting records in accordan with Section 386 of the Companies Act 2006,. and - to prepare accounts which accord with the accounb.ng records and comply with the accounling requirements of Section 396 of the Companies Act and wilh the methods and principles of the Statemenl of Recommended Practice.. Accounting and Reporting by Charitie5 have not been met,. or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reach&J. Signod: {E.T. PASCOE. FCA, BA (Econ.)) (Messrs. Pryor. Begent & Fry, Chartered Accountsnts. 1&15 Commercial Road, HAYLE, Comwall) Date: Page1 of1
Emmaus Cornwall la cornpany limited by guarantee) Financial statements for the year ended 31Y June 2021 Principal accounting policies Basi8 of prepardtion The financial ststements have been prepared in accordan with the special provisions of the Companies Act 2006 relating to small companies, applicable accounting standards and are consistent with the Statement of Recommended practi on Accounting and Re- porting by Charities {SORP 2015). The principal accounling policies are slated below.. Incoming resources All incoming reSoUrS are included in the statement of financial activities when the char- ity is entitled to the income and the aTnount can be quantified with reasonable accuracy. The following specific policies are applied to parts'cular categories of income.. Voluntary income is reIVed by way of grants and donations and is included in full in the Statement of Financial Activities when receivable. Grants are recognised when the charity becomes unconditionally entitled to the grant,. where related to perfoman and specific deliverables, grants a accounted for as the charty earns the right to consideration by its perfomiance The value of seniices provided by volunteers has not been included in these accounts. Incoming resources from charitable trading aclivity are accounted for when earned. Ro8ource8 expended Expenditure is recognised on an accruals basis: Costs of generating funds comprise the costs associated with attracting voluntary in- come and the costs of trading for fundraising purposes. All costs are allocated between the expenditure categories as set out in note 1 on a subjective basis designed to reflect the use of the resources. Page1 of1
Emmaus Cornwall la company limited by guarantee) Financial statements for the year ended 30, June 2021 Statement of financial activities (incorporating the income and expenditure account) Year ended 30th June 2021 Yearended 30th June 2020 Restrkted Unre¥trkted Total Totsl Income Incoming resourc•s Voluntary Irme.. Dork8b'ons grarts Prize Draw Subscripbors ar dorntior Fundraisir@ Actimb'es 26.232 26.232 8,165 3,116 3,116 545 Total Incomlng resources 29,348 9,670 endlturn Resources exponded Cost of gertsratirg fvrKIs 27,439 27,439 9,829 Totsl R•source• expend 27 39 27N39 9,629 Nèt (ROUrCeS Expended) I Incomlng R•8ourc•8 1.910 1,910 41 Otrtr Recognised GaiTh8 l Losses Nèt Movement In Fund• 1,910 1,910 41 Total Funds Brought Fomard al 1st JLfy 2020 Total Funds Carrled Fopmard at 30th June 2020 30,339 30,339 61.561 63A71 91.900 93.810 92,859 91,900 The accompanykng accounllng polcl¢$ and notos fonn an Integral part ofthese financial ststements. Page1 of1
Emmaus Cornwall la company limited by guarantee) Financial statements for the year ended 3 June 2021 Balance Sheet Year ended 30th June 2021 Year ended 30th June 2020 Note Flxed Assets Current Assets Cash at bank ard in har 93,810 91,970 Creditors: amounts falliryJ d wthin 0 year 70 Netcurrent assets 93,810 91,900 Totals assets less current liabilits'es 93,810 91,900 Creditors.. amounts fallir¥J due after more than one spar 93,810 91,900 Represented by: General Fund Restricted Furn 63,471 30,339 93,810 61,561 30,339 91,900 The financia ststements vrfere approved by the Trustees and authorised for issue on Signed.. (Stephen Clague, Treasurer) Date.. l?.u )oLI Company number. 7926408 Page1of1
Emmaus Cornwall la company limited by guarantee} Financial statements for the year ended 30 June 2021 Notes to the financial statements 1. Analysis of totsl re8ourc•s expended Yèar ènded 30th June 2021 Year ended 30th June 2020 Note Cost of gerEratiro flIS.. Salaries Professional fees Flnlraisirg costs Rent of laTh Office, finale aThl otsr costs Prize Draw.. Distributab wimirwJs 8,998 13.608 480 1,780 2,573 6,894 2,000 648 87 9,629 27,439 2. Staff costs and numbers The charty benefrted from the services of a Project Manager until their departure in early sum- mer 2021. They were employed by Emmaus UK and the charty contributed 25% of these costs. 3. Credltors: amounts falllng due wlthln on• year Year •nd•d 30th June 2021 Year ended 30th June 2020 Receipts in advance 70 70 4. Restricted Funds These are donations made on the basis that they can only be used towards a Communtty for Cornwall. Page1 of1