Chwlty wbtriiion numIr 1146326 r•O•tlon Nmb•rOn71WI (Ed and Walej) EMMAUS LEICESTERSHIRE AND RLrrLAND ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
EMMAUS LEICESTERSHIRE AND RUTLAND LEGAL AND ADMINisfRATIVE INFORMATION Emmaus UK Peter Savaqe Slmon Stscev Emlty Smfth CIKt P UThdy Orton Anthory Bro* Sardh Johnson J•n• Grfce Nlchola Gascal8ne {Aprnd 13 Aurt 2024) 5•ry•tsry Clhm Pftt S•nlor M•nyMrt DIMI Wrf8ht Charlty Nmbqr 1146326 Compary nun 07871687 Pthcw •ddru• The ErnUm Stockwell Head Hlnckley Lekestershlre LEIO IRG Rollsterqd offl The Emwlum Stockwell Head Hlnckley iAkestershlre LEIO IRG Ind•p•nd•nt ew•mlner Thomas Mayfteld BA FCA Mayft•ld & Co 2 Merus Court M•rfdl•n Buslne55 Park Lekest•r LE19 IKI B•nknr• Uoyds TSB Bank 54-56 Chestnut Drlv• Oadby Lekester LE2 5JG Heidlffjs Scllcltors IS Si3tlon Rgad Hlnckl•y Lekestershlre LEIO IAW
EMMAUS LEICESTERSHIRE.AND RLrrLAND coKrENTS P•p Tnrytees report Independert wmlner's report Statement of flninclal ittt¥Mes nce sheet Notej to the ftnandal st•tsm•nts 12-24
EMMAUS LEICEsfERSHIRE AND RiJfLAND TRUSTEES REPORT (INCWDING DIRECTORS, REpom FOR THE YEAR ENDED JOJUNE2024 The trustees wesent the[rannl report and flnan¢lal ststsm•ntsforthe aT ended June 2024. The accounts have been pwepar•d In accordan¢e wlth th• •L%ountlni pollcles s•t out In note i to the accounts and comply wfth the charftys govemlni documert the Companles Act 2006 and "Accwntln8 and Reportlns ty CharltleB: Ststsment of Recommended Practlce appllcable to chirltles preparlng their a(unts In accordance wlth the Flnandal Reportlni 5tsndard 4ppIIc4ble In the UK and Republk of Ireland (FR5 102r (•9 •mended forac(ountln8 perlo(ts c(Knmencln8 from l January 2019) Pollcles and obJe¢tfv¥' In 5•tt1nK obJ•ctlv¢s and p&nnlni fijr actl¥ltles, the Truste•s hm SI4 due ¢onslder•tlon to general Buldance publlsh•d the Charlty Commlsn relatln8 to publk b•n•fft and In paffjcular to Its supplementary publlc b8nefft iuld•nce. Th• objects of t ch•rty •re. wlthout d15tlnct1¢j the allevlatlon of hom•lessness and rellef of poty. hardshlp and the (15tre8s tly cause to tpwa In n••d. In addltlon to tts work k>cally, Emmau5 Lelc•staTrhlre •nd Rutland Is 8 m•mber of both Emmaw Europe and Emmaus Intem•tlon•l and ¢ontrfbuks to th• work of thes¢ or8anlsatlons materfally to Qstsbllsh and malntsln Emmaus comrnunltles thrnithoutthe restof the l%t>rld. Strthilmfor obl•th Emmius Lekestetshlrn & Rutl•nd iytyldes o hom4 worl educatlon and tralnlns far praUs homeles5 orvulnerable peop In and around Lelcertershlre and Rutl•nd. It also Welcom pwple are lrterthd In the way of Ilfe and apportunltles offered by bgln8 an Emmau5 Conwanlon. Emmaus Lekqst•rshlr• & Rutland compqn1$ eath have a room of th•lr and topth•r collett1 refu[shIng and sellln8 donated 8oods. Tly have the OPPOnIty to pln new skill$ and repln thelr selF4espert whlle workln8 to sup other people In greatrr need. Emmaus Lelcestershlre and Rutland aLqo helps local dlsaOMnta8ed people to Set up ho at a SOnable co< workl closetytogether wlth Socl•l Servlces. other charftles. l¢xal churcPKs and other voluntaryoryan15atlons. Emrf•US Internatlonal's rk h•s been sUPPQrt•d by donatlons followln8 SolldarftySale& We would Ilkn to thank evoryan• who supports our wort the 8enerou5 peopl• who donate tterns to Ug for ¥le In our shops together wlth those who coff Ind them. the members of the publlq ¢hurche5 and 8fOUPS who mntlnue to donate Thne¥ to us ind support our aclmtles practlcilly wRh us. We would also Illn ta think those peopk who h•v• come forward to vduntear In our Communliy. dDlnB thffj• support and encaurnp companlons wtth thelr knowledge and experfence. A * feature of the WO we dp conslsts of sollthrlty betwoen oursel1 and the communlty •nd bulldln8 on the work do wlth our companlonl. We look to v*rk wlth vulnernble people and thos• membets Df soclety m•y hi¥e hlt rd tlmes, and look to brfn8 Structure tD thr Il¥es. provlde them wh resM)nslblllty and hap• to see a rtse In thelr s•lf4steem as a consequence cf the oppDrtunltle5 ir• pmlded wlth. Our approqch Is $18nlftcarrtly Irrflu•nced ty the orlilnal cortw•nlon G•orges and alpn8 wlth the other Emmaus VDUPS a debt of thanks to Father Henrf Marfe Gr(K - Ixtter known M the'Abbe Plerrf.
EMMAUS LEICEsfERSHIRE AND RLrfLAND TRUSTEES REPORT IINCWDING DIRECTORS, REPORn (CONTINUED) FOR THE YEAR ENDED 30JUWE 2024 Emmaui actmtles are all deJlwd to meet the neeth of vulnerable peopl• who miy hlt on hard tlmos. The ¢harlty'5 obJects are to help wlth the rellef of FKWrty. hardshlp and dlstress •rllng to thoje In n••d wlthwt dlstlnctlon. Our Jctmtles re In confomiance wlth the prlnclples of th• Emmaus movement as wknllshed from tlffo to tlme Ernrn UK. We seek to prThld• accommodatlon or asslstance In such pro0 for homeless people In th• ir•• and such other phces 1$ m•y s••m approprlate from Ilme to tlme (the benoftcthrles). We seek to provld• the rehabllltaJDn of th• benefftlarles as approprfate and the provbkn of UCatIOn. tr•lTrlni (Indudln& wlthoLrt Ilmltatlon, employment trdlninil Ind work opportunltfes and Mtlsfattlon for the ben•ndarles wlth thq purpow of de¥elopln8 thelr to enable them to yln emplwrnent In thefutur• and thereby dlOP a 5onie of lf-WOrth and dlinltythrouth ha¥ln8 a s•lfw8UpFdnq Ilfe. We b•llove we ha achleved our tharltsble obJecttv•s and thereforp proded a publk benefiL We hm upaclty to ho slxteen cOmn10n$ In ac¢t)MnNtr0n and they are recafvlng the relevant supFx>rt and trnlnlrq that tly rnqulre. whllst hwln8the opportunlty to fjrk and contrlbut• to the future success of the charlty. The lJuste•s hm pald due re84rd to Kulthnce1$5ued by thq Charlty Commlsslon In decldlng wh•t actmtles the charlty should undertakn. hle¥•nwrt5 and p•rlorm•nc• Revlew of actlvltle4 Th15 report coverl the arSInCe th• AGM In No%ner 2023. It sets out actlvltles •rKI changes wlthln the oryanlsatfon forthat perlod and Indud•s the accounts forthe p•rlod l July 2023 to 30Jun• 2024. As e¥erThe Ch•rtty h&s been very busy wtth the team M>rklng t(her to StreOn the role the tharlty plays In 5UPPOrtln8 fmwanlons and •xplorln£ opportunltles for ImprrNln8 opeTrtk>n& Th• staff tea compan1 jnd wluThteer5 ha ntrfbuted trendOus to th• Charftys performanc• thls year. W0[nI a5 a colhctlve to ensure that the key prh)rltles are •thleved. Communlty has been rel•tl¥ety stsbl• wln thts iar with new 10$. The m•Jorlty of the group hm be•n wlth Emmaw fora numbèr of years and alowld• our minagement tearn form th• nudeus of the Charlty We seek to Inryease th• 51ze of th• 8rriJp to the m•xlmum 16 who we can acc(xnmodate at Elm Lea but th Ls iThlng challen11 for a number of reason& In addltlon we ilm to dfverslfy th• wp to refiect the of hoffeless people fDr whom the Emwus offer m•y sultable. Th• 4reneSS of Emmau$ contlnue5 to Br(yw arKI our rel)tlonshlp5 wlth local Juthorltles and other apncles remaln pos5tl¥e. We hm dvnloped a number cf r•l•tlonshlps wlth comm•r¢lal or8anlsatlon5 hav• contrlbuted to our effDrt$ thls ar. In rtlcul•r Hlnckley and Ru8ty Bulldlng Soclety. CadenL Dunelm and Coventry Bulld1 Soclety ha¥e made practlcal contrlbutlons whkh ha r•ally helped us and are rno# 8rateful forth•t. We mntlnue to lease the Companlon house Elm Lea In Hlnckley and have now owned The ErnFvrlum bulldln8 on Stsckwell Head, Hlnckl•y for almost 5 Both of these wopertles th•ln the eneryy and rex>urc•s of the dwrlty dua ts th•lr a8e and condltlon and thls •r have mide slgnmcant Investnnts to Improve the fabrk of the bulldlnz& Our plarffj for th• r Or10pment of stock11 Hwd are curren und2r dllcusslon as we hm been ihocknd at the cost of bu11n ne puw• made facllltks. In the COMI monthi •nd •s the lease on Elm Le• enters Its flnjl phas• wlll flm up Qur optlons to ensure the best solutlon for Emmaus. Our Soclal Enterpr1 cortlnue5 to thrtv• In a ch•llen8ln8 envlronment supported by the kny attrlbutes of the town cerTrtr• [tknn. ease of pa1n8 and quallty of 8c&5. The 2023124 par saw 0rd sales •nd It wlll be no small fert to contlnue to Irow the buslne35 vAth the operatM)nal constrnlnts whlth we fa
EMMAUS LEICEsfERSHIRE AND RUTLAND TRusfEES REPORT (INCWDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR £NDa> 30 JUWE2024 Flnan¢lal r•¥l•w The Charlty contlnues to opeThte ln ¢hallen8lni condltlon4 wlth conslder•ble pressure on both Ino)rne pnerntknn and c03t% All Income Ilnes arn under wesswe and th• uTrtt costof alrrnxt e¥erythln8 hos Inrmsed In theiwr. Our charlty wa$ estsbllshed wlth Inltlal fundln8 suppll•d from the Perd Foundatlon whlth flnanc•d our early yoaTh. The arnourt remalnln8 from that fund has now bwn desiqnated to Juppart futurq Irowth or help man•8• our Journay to sujtalnablltty. It th wfth re8ret thjt contlnu• to outskndlng Trwnles from our yrtklpathn In the 8rlBhter Futurns Project whlth concluded actlvttl•s In March 2022. Ther• remiln5 £93,636 of fimdln8 for cests Incurred the proJrt that arn du• to us, whlch arn currently belns rntalned tythe ld wrtner Buslne5s 2 8uslnes$ {82B Llmltedl. Trustees have r&•ntly apprLwed the use of external l•gal advlsoys to attampt to br1 thls rnitterto a conduslon. As before we h•v• not added this Income to our accourrts In the to June 2024 nor haw4 we made a provlslon for It a5 there remalns uncertalnty as to the and tem50f piyment of thls fundln8. Our Str•ts8lc Plin alms to ftll the pp In fun07 wlth Incrtdsod shop Incom4 Increaslrw the number of Q)mp•nlon$ In the Communlty and by dwdDpln8 our fundrnlsln8 approach. contlnue to b• gUPPOrted tythe 8enero4ty of other donors and 8rnnt maklng dIe& as 11 as other memb•roroups wtthin th• wlder Emrnaus famr Durln8 the Itar we hod totsl Income of £502,120 and &pEndlture of £561274. Thls resulted In a d•ficlt for th• of £59.15412023'. defidt & £30,140). Whllst havlni • deficlt is always dlsapontlng ther• Is conslderdble PlIlty TAlthln the r•sultsgl¥en the stron8 heatslnds vthlch have affected Income and costs thls 1r. Our flftanclal results enable w to ach1 our chrftabl• objertlve of pr(wldln8 a communlty for people who hJve been homel•sg, where they can IIN CeIve support and develop sklllj and dnlty throu8h the community Ih and wlthln the socfal erterprfse buslne$5. As a ffAtt•r of pollry. th8 Trustees re8ularly re¥low the lthl OF r•ser¥es reqred tD be held ITr ¢rdgr thit the charRy can malntsin Its operauons lrto thefutur•. rewnua and c•pttsl reser¥o8 ir• rwled wlarty throu8hoirt th• r. Our reserve5 pollry Is tt> hm at least three months of nomMI ewndlture In free (cash) r•s•rves at any ¢)n• tlme. Our expenses totalled £561A74 for the year whlch VKJuld rnqulre r•s•Nes of •t l&qst £140.318. Our totsl rnerS at the yeard re £523,356. Ourcash balanc• at thearnd wis £2986. Our joy flnanclal rlsk Pln8 forwjrd ts from our plans to 8enerats extrn Income eKh from all our prf1P1J re%nue erntlN4 areas. Costs In all areas ar• Increaslni and our ocujpauon two •gelng bjndlrqs mwns that malntemnce costs wlll corrtlnue to Inuuse untll re¢10Trt takns pfa¢e. As uplalned abLWe ther• Is also a rtsk that we do not recth? the £93.636 fundln8 to us cUrnty rttrthed by the l••d p•rtner the Brlghtsr Furures project. Pr1 nd1 The re5uIt5 of the Itaes owatlons are set out In the attached ftn•ndal statennt& Ple•M refer to our Statem•nt of FInancl Athft*s whlch L7n be fOd on p•Ke 9 and our Balance on page io. W• reol¥•d fundlng from donatlons •nd lepde4 whkh Includes grdrt fundln& and totslkd £5W6 durfn8the par whlch15 a dqcrNse on 20231£6¥638}. We r•cel¥ed £143M56 from houslw benefft12023: £115,4231 and ralsed £295.556 offvnds throu8h our SPW sales and other actl¥ltles (2023: £261.028) Flnally. wetake th15 OPPOrtunlty to think all our donon for thelr muth-need•d contrfbjtloni.
EMMAUS LEICEsfERSHIRE AND RUTLAND TRusfEES REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR END£0 30JUNE2024 Rl M•nwm•nt The Tnotses re8ularty r•vknvthelr strawic and op•rntlonal rfskn. also r•vlewln8 on a Trgular b•Jh pollcyand prLudur•s wtth re8ard to mlnlmlsln8 Ilsks whlch the charfty, tts employe4 COmn10n1, volunteevs and custorrnrs ml8ht enwuntsr. He•lth and 5•f•ty Ind spodffc prodUr• notes ex1# for any areas of concern. Speclftc nomlnated personnel have cNeTrll rnSP(Mbslblllty for ensurlng compllance. These cover. but not exdusfv•ly. workshoN misuse c druas and ilcohDI, flnance. manual handlln& safe8uardJn8 and COSHH. Pknn• fOrth•fure Emmqw wlll contlnue to prfm•rlty fttus8•d on Its c4mmunlty rf Qjrnwnlong ensurfns that they recelve supporL encour4ement and OPrtunIty In thelr Il¥e& Support wlll be tsllored to the specmc needs of the Companlon where 50m 11 se&k opportunlty elsewhere but otheTh WNI seek to remaln wlthln the communlty for the long Nn. Thls prlm•ry focus Is central tD the reason for our balng and must ag swh b• the thln8we smkto achleve. There ar• flnan¢lal pressures on the Charfty nC[llY beuuse w2 op•rat• from old bullalnls In1•sJ than perfert condmon. Qulte often thls year Trustees ha hid Ilttle or no cholce to apprcwe s18nlficant expendlbjrn In malntenano or rep8lr It•msto enable conunulty of operatk)n. Thls places QnyhaS on IMpTh1 pwfominc• and our nm•nttelrn are nlsod to Imprm efflclency In all •rea$ of op8latlon. As stated prwloujly oursoclal Entsrprfse Is • perfert example of thls lppnth dellb•rlngtsngibie Imprth•Thirt on year but It must be antklp•t•d th•t the (gree of Improwment15 11mlf. The woject to consolldate all artfvlty at Stockwell Head hai been a substanual effort and Investment th15 lf. As repprtad •rller we have been shocknd at the costi lssoclated wlth suth a redevelopment pmlrnmme and th1$ as requlred some further work ta estsbllsh the bost way forward. Our lease at Elm108 explrns In • relatl¥ely short wrlod and as such the de¢lslon al)out h¢ to move forwardls becomln8 urynt. L•st year I raWd on the formathfft dlxusslons Thh Emm•u5 Cthrtry and W•rwlckshlre about tho polblty of mewni our two or8anlsatlon& Those dlscu4fon8 ccncluded at the ond of 2023 wlth Emmaus C&W unll•terdlly dacldlry not to proceed wlth the proposal. No further dlscusslons are plinned at the curr•nt tlm. Ufe thIn Emmaus wlll always bo challerylng because of the natrjre of th• challew fad IV Incre•sln8 numbeTr of homelessne55 wlthln ¢)ur soclety, Ixrt we ire canfident that T wlll contlnue to acwt thallery5 wlth anthl1$M and (MMItment and b•caus• our e¥£ellent man•8•rnent team cOntIn to perform •t at éx•ptlon•l le1 In support of the Qlrnwnlonx. Stru¢tur•• •i¥•rn•no and lknnlsatlon On the 5th December 2011 Emrn•us Lelctttershlrn and Rutl•nd was IncorpDrted under the C¢7mp•nl•s' Act 2Q)6 as a prl¥•te compary Ilrnlted ty iuarnnte4 rqisternd n4hnber07871687. comp•ryYdS granted charltsble status on the 9th Marth 2012 under charlty nufflber 1146326. The charlty Is constituted undera Memornndum of Assodatlon doted 5th December 2011 and15 a re8knred dwrlty The MemoTrndum of Apcl•tlon has been aWded In accordance wlth th• vAsls of Effrfnaug UK ind a new Constltutlon s agreed on 8th Dttember 2014.
EMMAUS LEICEsfERSHIRE AND RLrriAND TRUSTEES REPORT (INCWDING DIRECTORS, REPORT) (coNnNUED) FOR ThE YEAR ENDED 30JUNE2024 The trustee4 who •re also the dlrectors forthe pwpase of compry law, and WI served durfrythe re. Emmaus UK Peter Sava SIrtn Stscey Emlly Smlth afve Pttt Llndsay Orton Anthony Brown Sarah Johnxan Jane Grlce Dr Huther Hollln$ Mlchola Gascn]6ne {PaInted 12 tY•ceffthr 2023 and re51wwd 4 Ortober 2024) ppolnted 13 August 2024) Ilefflknentand oppdrtmert oftnntees tt was generally felt that the Board Uld b•nefft not only from addltlon•l TrLryt¢e4 to shiré the load, but •lso from a wlder Trnge of sklll, expertlse and d181 We wlll contlnue to encour•p peopl• wlth approprtate sklll4 fr•e tlme and a passlon to 5UPPt)rt our th ta applytojdn us. Method of •ppolrtment or•l•ttlon af Tnes The management of the charltyls th• rwwlblllty of the Tru#ees who are.elected and cfropted under th• tsmi$ of the Artlcles of Assoclatlon. Trustee nC3t1{s usualty c¢me from other Trust¢e5 wlthln the th•rfty.1ts 5UPPOrt•r8 and throu8h ad¥ertblry In the local nwdla and county wlde n•trk& Th•se nomlii•tlons must be apprmd ty $tIn£ Trustees, In •ccorthnc• wlth the Artlcl•s of knoclitlon. Whan specM¢ skllls ar• requlred, approachw would be made to p•ople wlth releRrt expertl8e who are sympathetlc to th• •thos of the Chrfty. If necessa a Trurtee Wjuld be COwOPt•d spedfkally tu co¥er the requlred funct10 the rrert Trusteos arn those shown on 8el. Poldes •dopt•d forthe Indu¢iion and trdnlryof TnMta•J Each new Tru5toe Is brl•fed about the Comrnunlty and thelr lepl and ethlul respon91bllltl•s •s Trtee Any Fxasptttht Truste• needs ttj attend one bo•rd meetlrffj to observ• the requlremerts and r•sponslbllJtle5 to h und•rtak£n. TP*n when in Indmdual Is to loln the board •n Inductlon pick to each new to supportthe bMofln8 prfor to thdr IP[ntmenL In athlltk>n, there Is an cpportunltytr attend a fvll dry Inductlon sesslon by Emmaw UK. In order to work effectlvely I0rdS the allethlpn and Mllaf of In and arourKI Lelcesterjhlre •nd Ruti•n4 Trust•es •nd the Leadarshlp Trn belle¥e that th• Companlons are c•ntrnl to the lStenCe of th• oryantsatlon and thls Is refiected In the structure of the charlty. Each week • rneetI of the wholo communlty tskn place In orderto dIsaS and aSe declsfons whl¢h affettthe communlty as a whole.
EMMAUS LEICESTERSHIRE AND RUTLAND TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUEDJ FOR THE YEAR EIVDED 30JUNE 2024 Relotedpartyrdouonsh Emmau5 Lelcestet3hlre and Rutland Is memberof the Federatlon of Emmaus In the UK ar cortlnuos to M>rk clos•ly wlth C¢rnmunttle4 Groups and staff In the Federatlon. IndependertEwml A resolutlon wlll be prop05ed at the Annual General MeetlnithatThonws Mayfteld of Miylleld and QJ IAccountsntsl Ltd wlll be re4ppointed as Independent Ejoffllnerto th• crltyf0rthe en5ulr48year. The Trttee$ of the ¢harfty Ite• to cantriixrte an amount not &edIng £1 t¢ the amets of th• chrfty In the event of wlndlnB up. Dlsdowrnollrfarmrtknn Eich of the trustee$ has ¢onflrm•d that there Is no Irrfomiatlon of whlch they are aware whlch Is rnlevant to the ffAmlnatlcn of the attourt4 but of whlth the rnIner Is unaware. They hve further confimied that ty have tsken •pproprlats steps to Identlfy relevant Inforffatlon and tt¥ establlsh th•tthe audltor Is awarn of surh Informat1. Th• tru5 s port 45 4pwMI ty the Board tTrustees. arve P Truite• 17 Decemb•r 2024
EMMAUS LEICESTERSHIRE AND RLrrLAND INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF EMMAUS LEICESTERSHIRE AND RUTLAND I report to the trustms on my wmln•tkJn of the flnanclal Statements of Emmaus Lelcartershlrn Jnd Rutland (the charlty) for the y•arended 30June 2024. R•¥ondblllll•s and ol report As th• trustees of the (rfty (and also Its dlrnLt(X5 for the purp05qs of compary law) yw are re5ponslble forthe prnparatlon of th• fJn•nclal slatements In •c£ordance wlth the rnqulrwrnnts of the Cgmp8nlesAct 200S (the 21)06Actl. Hwlng satlsfted myself that the flnand?1 st4tern•nts of the ch•rfty are not requlred to be auditad under Part 16 the 2006 kt and arn ell8lble for In¢kpend•nt wmlnatlon, I report In respect of my •Mmlnatlon of the dwrlty's fin•nclal statennts Caffled out under sectlon 145 of the Chirftles Art 20111the 2011 Actl. In catyn8 out my onmliiitlon I have follMd all the appll¢abie Dlre¢tlong 8kni tythe Charlty Commlgslon under son 1445Kb) af the 2011 Act. Ind•pend•rt •umln•ts tem Slnce the charrty's Inco exceeded £250O00 Jur ex•mlnqr must be a member of 4 b(xty11gted In sectlon 145 of the 2011 Act. I confinn that l am quallfted to undertakn the examlnatknn becawe l am a mÈmber of ICAEW, whlch fs one of the Ilsted bpdl I compkned ry emamlnrtlon. I confirni that no mitters have come to ny attantlon In connecthn wlth the eyamlrwtlon 8fvln& cause to belle¥e tkn In any mtsrfal respttt: ccountlni r•cords ware not kept In rnsp•rt of the tharltya5 requlr•d by sectlon 386of the 2aJ6 A¢. or th• flnanclal statem•nts do not accord wlth th(M r•cords; or the flnanclal st•tsments do not cornply wlth the accountln8 requlrements of 8e£tknn 396 of the 20l Act oth•r than any requlrement that tha accounts 8fve a tru• and farr vlew whlch Is not a m•tter con51dered as part of an Independent eamlnatlon: Dr the flnand•l statements have not prepared In accarthnce vAth the method% and wlr¢lples of the ststen Recomnded Prnctlce for account1 and reportln8 by charttles appllcable to ¢harfities prnparfn8 their accounts In accordance wlth the FIMncl•l Repon¥ Stanthrd •ppllcable In the UK and R•publlc of Iretsnd IFRS 102). I have no concerns and have come acr055 no oth8r matters In ¢onnecUan wlth the examlTratlon tu whtth attenuon should be drawn In thls report In ¢xderto enable a proper understandlng of the flncIlI Itnert$ to be reachod. Mayfteld & Co 2 Merus Court Merldl•n Buslr*ss hrk Lel¢est•r LE19 IRJ Dated: 17 Dec•mber 2024
1111" 43 i]Ii" 11811-
EMMAUS LEICEsfERSHIRE AND RLrrLAND ALANCE SHEEr ASAT30JUNE2024 Fbmd •#•ts Tanglbl• Issets 14 767.929 770,856 Debtors Cash at hnk •nd In hand 58.680 298066 .351 345,1 356.746 {44,798} 4UA70 (37.092) Cr•dlton: •mlirti h111 du• wfthln on• ymr 17 311948 377,378 Total •ssqts Il•blllEIu I079,877 1,148234 Crnd1o •mo1tsI•ll1N afttt mor• th•n One•r 18 1565.7241 l¥•t issats •ckKlln8 p•nilon Il•blky 521356 582.510 523356 58L510 Th•fvndi olth• dwrlty Restrlrted Incom• funds UTrrestrlrted funds- pneral Unr•strl¢t•d funds- deslgnated 1Tr).952 224.859 184545 104.C07 289.878 181545 523,356 582.510 The company Is entitl•d tothe eyjjmptlon from the audlt requlrement contslned In S•Ltlon 477 ofthe Companles Art 2c. for th• y••r ended 30 June 2024. No member of the mrnpny has deposlted a notlw pursuant to 5ecUon 474 rnqulrlry an auth ofthese flnandal stat•m•nts. Tho dlr•ctm •cknowledge thelr vesponslbllttf•s for complyln8 wlth the requlrements of the Companles Act 20[ wlth r•spert to a¢unnI record5 and th• pr•p3ratlon fInanal statements. The ffmb•rs ha not r•qulred the compary to obtsln In •udlt of Its flnind•l st•ternnts for the year In que5tlon In accordirKe wlth se¢tlon 476. These flnan¢hl statements h•b* b••n prepared In actordance wlth the prulglons •pplkabl•to cofflppnles subJertto the smoll coMnIeS reglme.
EMMAUS LEICESTERSHIRE AND RUTLAND BALANCE SHEET (coKfiNUED) ASAT3OJUNE2024 e flnan¢lal statements were apyTh*d ty the trurt•eJ on 17 December2024 Compary re0styatll number 078n687 (England and Wales) 10-
EMMAUS LEICEsfERSHIRE AND RLrrLAND STATEMEMf OF CASH FLOWS FOR THE YEAR ENDED 30JUWE2024 CAth lknwjfrom Op•r•t acthlU•5 Cash ab50rfoed op•rntlo 139,113) (1663> In¥*#iry arthlll Pur(Se of tanBlble fixed assets Pr(ad$froM dlsposal of tsn8lbk ftxad assets IrNestment Incoma rnCeld 18.OIKI) 4327 N•t c•th w•rt•d from In¥esth¥ acthltl•s 781 Flnandryacd¥ftleJ Repayment of bank loan$ (8 721) IIL882) Nat umd In flnandn8 #imttog {8.7211 111,882) N•t do¢mse In Ind •whrnl•rt• (47,0531 P8,8441 Cash and cash ¢qulbilents at beglnnln8 of year 34Si 3T3,963 C¥h •nd c•th •4ulv•lwrt• rt •nd al•r 291066 345.1 11
EMMAUS LEICESTERSHIRE AND RUTLAND
N¢yfES TO THE FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 30JUNE2024
Accwrniry polld
Chrfty Informthn
Emmaus LelLYSter5hlr• and Rutland15 8 prfvate compary Ilmlted ty guarantee Incryrdted In Ewland ind Wales. The
re8lstered offlce1sThe Emporlum. Stockwell Head HlvKklw. Lelcester5hlr•, LEIO IRG.
Ll A¢¢owrtlni carnyntlon
The flnanclal smements have bwn prepared In accordano wlth the chirlty's twrnln8 documert]. the Comp•nle5
Act 2006. FRS 102 The Flnan¢lal Reportlnz Stsndard appiftable In the UK •nd Repubik of Irel•nd" (-FkS Iof) and the
Ch•rttlw 50RP 'Accountln8 and Reportlrq by Ch•rftf•s: Stst•m•nt of ReMmended Praclk• 4ppllc•bl• to charltles
' preparfng thelr accounts In accordanc• wlth the Flmndal Roportln8 Stsndard appllcable In the UK and Republlc of
Ireland (FRS 102)" Itffectlve l January 20191. The th•rlty Is a Publk Berfft Ertltyas defined by FR5 102.
The charlty ha$ taken advarrta8• of the lIOnS In the SORP forcharltl•s natto prnpare a Slatement of Cash FlovA.
The flnandal statemerrt5 •r• prepared In sterflTr& vthlch Is the functk>nil cmncy of the charfty. Mon•tsry In
th•se flnin¢lal 5ktement5 are rounded tothe nearest £.
The flnondal statements have been prepared under the hIstorf1 cost Imodffled to Indude the rev4lu•tlon
of fr••hold propertles and to Include lrnwestm•nt propertles and certaln flnancknl Instrumlnts at f41r valuej. The
Inclpal •cc(wntln8 pollcles adopted are set out belo
12 6olns£onc•m
At the tlme Of apPrAna tha fln•ndal statements. tnthes have i r••8onable expectatlDTh that the charfty h•s
•daq rosowces to contlnug In operatlon•l exlstence for the foreseeable future. Th$ th• trustees contlnue to adopt
the lo1 conc•rn basls of a¢¢ountln8 In FYeparfn8 the financlal stateThnts.
la Ch•rtt•bl•thn
Unrestrltted funds ar• Mllablefor use at the d15crathn of th• trugtees In furtrance of thelr charftable obJ•ctlves.
Rertrlct•d funds are subjert to $ffiC condltlDns by donors or 8rantars a$ to hcwthey may bo uwd. The punx>ses and
Uses of thg rnstrfcted funds are set out In the notes to the ftnancl•l statements.
End¥mOnt funds are sul4ect to 5pqcfflc condltlor4 ty donorn that the capltal must milntsln•d tythe tharlty.
Income Is r•crynlsed when the tharlty is legally •ntltled to •fter ary performance condlucns h•¥e been meL the
amount$ can h mSUr•d rellabl% •nd It Is Proble that Incom• wlll rncel¥d.
Cash donatk>ns are reColSed oft recelpL Other (bnatlons are rec¢8nlsed the chArfty has b••n notlNed of the
donatlon. Unl perfrnnce condltlons requ1 dqferral of th• •ThUnt. Income tax rff
EMMAUS LEICEsfERSHIRE AND RUTLAND NiyfES TO THE FINANCIAL STATEMENfs (CONTINUED) FOR THE YEAR ENDED 30JUNE2024 polld {Contlnu•d) L5 ENlEUr• Expenthure Is reco8nls•d oKe there Is a legal or constrti obllaatlon to trnnsfer economk benefft to • thlrd par Is prebabk that a trdnsf•r of ttonomlc beneffts wlll be requlred In settl•men¢ and th• imount of the obll8atlM ¢•n bg mu5ur•d rellabl Expendlturelg cla551flod ty iLtfvlty. The c03ts of each actl¥lty are rnde up (rfth• tot•l of dlrect Costs and Shar costs, Includlni support Costs Involbed In undertaklng Mch •ctMty. Dlrert costs atrrllxrtakl• to a slnglo actfvlty arn allocated dIrett to thrt •ctlvlty. Shared cost5 whl¢h contrlkne to mcr• th•n one actlvlty and support cots whkh ir• not attrlbutable to a slnile artlblty arn •pportloned between those acuvltles on a hslx conslstent wfth the use of resou$. Centrnl staff costs are allo(ed on the bath of tlmo spert and depreclatlon thary•s are •lkKat•d on the portkn of the a55et's us•. Eyp•ndfture ts rxcenlsed on an accrual iwsls 1$ • Ilablllty Is Incurred. Expendlture Incl10& iThy VAT whlch unnot be fvlty recovered, indls reped as part of the exp•ndlture to whlch tt relates. Costs of generatln8 funds ¢r)mprlse the cortq •ssoclated vAth attrartlw bwluntary Incon and th• costs of tradlng for fundrnlsj purpows Indudlngthe chartty's shop. Chirlt•ble expendltwe comprlse5 those costs Incurred by the charlty In the dellvery of Its •cthiFths and servlces for 5ts ben•ficlarle& It Includes both costs tlwt ¢an be allocated dlr•cty to sh actlvltles and those (rfan Indlr•tt nIre necessary to Support th•m. All costs aTa •llcx4t•d between the expendRure cat4orl•s af the SOFA on a basls deslined to refi&t th• us• of the resource. Costs relatln8 to a partkuiar acttvtty are allocated dlrecty, Othe ar• •pportloned an an approprle basls. Support costs are thoge costs Incurred dlftctly In support of upendltuve on the obJects of the ch•rlty and Include project manJ8RmonL GLryern•nce Gosts Include those costs assodated wlth rneetln8 the constltLrtlonal and statutory rnqulrem2nts of the charfty and [lUde the Indep•nd•nt •Affdnatlon fees and cost5 Ilnlffjd to th• JtiJte8lc rnanapment of the thartty. IS T•nl•fth•d aH•ti Tanolble fty£d assets are Inttlally rnuswed at cost and SubSeqn11Y measured it ffjst or valuatlw net of depre¢latlon and ary Im1rnientI0S1e D•pr•datlon Is rttogntsed so a5 to vfflte off th• cogt or Ydlulon of asgets less thalr rIdUal Hluos cwr thelr usefi Il¥e5 on th• fDllowlni se$. Land and bulldlr Motor ¥ehlde5 4% Ilne (bulldlng only) 25% reducin8 baknnc• Thq pln or lom arlslre on the dlsposal of an as50t ts detsrmln•d as the dlfference between the sale proc••ds and the ¢arryrfngvalue of the assal and Is roccylsed In the statemen¢ of flnanclal actlvltl89. L7 IMp•Irn olfdffjd At wch reportlng end date. the charlty revlaws the carryln8 amounts of Its tan&lble 855ets to d8termlne whether there Is any IndlcatlDn that those a55ets suffered an Imp•lrm•nt los& If •ny such Indfcatlon exlst4 th• rnco¥erable amount of the a55•t Is,•sUrrwtsd In orderto determlne the &xtent of th• IM1rnieTrt loss lff any). 13-
EMMAUS LEICEsfERSHIRE AND RUTLAND NufES TO THE FINANCIAL STATEMEKrs IcoNriNUED) FOR THE YEAR ENDED 30JUNE2024 Arawntlry polk1•5 Icontknuedl 14 C•ih ind ryP4•lpJ Cash and cash equh7lent5 Inclthde cash In hnd, depcslts Ikqld at c•ll wlth bank4 other short4erni Ilqufd In¥tstments wlth orfglnal m•turtUes of three month$ LY le. and bank (Mnlrafts. Bank (werdrnfts a shown wTthln borruwlws In current Ilabllltl•s. IS Flrnncl•l Inmnts The chartty only hag flnanthl 15sots and flnond•l Ilabllftles of a klnd that quallfy a5 bask flnanclal instrumnt& Bask fln•nd•l Instruments are Inltlally re¢Lynlged at tran¢tIon valu• and Jubg•qu•th mo•wred it thelr settlement Wdlue wlth th• •x•ptlon of nk loans whlch are SubseqtIY measured at amortl8ed cost u8ln8 tha eff•ctt¥• Int•r• nthod. Flnanclal Ilabllttles are (krwilged when th• charws contractual oblwlons •xplr• or are dlsch•W or cancelkd. LIO Enwlope bene Th• cost of any unused hollday entltlement Is reco8nlsed In the perlod In vknlch th• empioyeel r¥lces irn r•cal¥ed. Termlnatlon beneffts are reco8nlsed immtdlately is an •xp•n$• when the chartty Is demonstrably commttted to t•rnilnate the employmnt of an empl¢we or to prnlde temilnatlon benefits. Qftk•l ertlmths andJudwrnThts In the appllc•tlon of the charlty's ac£ountln8 polldes the trustees are requlred to mal% jUdgenty estlThHte% ind assumpthns about the carrylw amount of assets and Ilabllltles th•t •r2 not readlly •prart from other sources. The esUrnat•s ind •ssoclatsd assumptknn$ •re based on hlstorfcal experlence and other factors that arn consld•r•d to b• relevart. Actual results rny dffferfrom estlmates. Th• •stlmit•s and undertyln8 assumptlons are revk¥wd on in onTrln8 515. Rv41slong to aco)untlni •rtlm•tu ir• recOls¢d In the perlod In whkh th •stlnwts Is revlsed whern the revlslon affect5 only that rtod, or In the perlod Df rwlslon and futuR perlods where the rnvlsknn affects both current Ind futurn p•rlods. InNn•from donqtlom •nd l•pt fvnth fvnds ldI 2024 Don•tlDns •nd 8fft8 Gr4nt5 recefvable Donated 8oods and servkes 25J86 1170 20.780 8,OLKI 27.656 10,305 37.583 250 13,5(10 10,555 51.083 25,486 30950 56,436 47A88 13.750 61.638 -14-
EMMAUS LEICESTERSHIRE AND RUTLAND NOTES TO THE FIt4ANCIAL sfATEMENfs (CONTINUED) FOR TIIE YEAR EMXD 30JUNE2024 Inm from don•Uons Ind l•84de• ICortlnu•d) Total Unr•rtd•d R•rtrfcted funds nth nth 1029 2029 0&110 •nd zlts Ganernl donjtlons GIftAld Two Way5 ac Vera Outhwalte FlorenceTurnerTrust J R Cornh Foundatlon NFU Mutual J Balor Ragthle Hall Cardert Wdn WRAP 7,914 250 8.164 7,719 1836 250 &836 5000 SMO 750 3,222 750 750 500 420 420 25A86 1170 27,656 250 10.555 arrt% reuh•bl• for corn i¢lMII Th• Natbnal Lottery Emmaus UK HSBC T•sco Gmundworks Henrysmlth Charlty Llnk Laads Bulldlrysoclety Uoyds Foundatlon Other io.oc 1.630 750 i.0 7,5CO 750 6.000 6AYO i.0 35W3 3S583 I,0) 20,780 20.780 37,583 13.500 51.083 offl• from £hrft•bl• Unr•Rrlrted UM•lrt¢d nd• 2024 awrflabje •¢il¥lt Houslni Benefft 143,456 115,423 15-
EMMAUS LEICEsfERSHIRE AND RUTLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30JUNE2024 fiinth nds 5P Incorne 295.556 26&028 Incomefrom lrnvtm•rtS Unrnl¢t•d Unr•rlthd fundi Interert r•c•hbl• 4,327 Othw Incom• Unr•*lct•d Urrtstrfcted fvndj fundj 2024 Oth•r Income 1345 16.
EMMAUS LEICESTERSHIRE AND RUTLAND NOTE5 TO THE FINANCIALSTATEMENTS (CONTINUEDI FOR THE YEAR EI¥DED 30JUfiIE 2024 Chrltrabl• irtl¥llles Umglrfct•d R•l¢t•d Chirftsble Chwlknbl• EMp•ndAure Exp•ndlW 187,493 1754 3,818 58,563 683 3638 187A93 6A73 3,818 66J04 157271 D•prncl•tlon and Impalmnt Staff traInIand expenses Companion and fundAlnI•¥nses R•n( rates •nd water Lltht and h••t Repalr4 m•lntenanc• and ajmwrter equlpn*nt Lwl and profe551onal fees In5urnnce Sundry expenses T•l•phon4 Internet and tele¥151on Prfntin& p• •nd statlonery A(fvertlslni Motor and tr•vel expense$ Othorch•rlt•bl• ayndltwe 4719 7.741 49,251 26A69 37,14D 1.500 9.705 41373 15.007 10,514 17J75 7A16 15.crfn 14375 7A16 IL312 5.589 821 19.660 61J77 420 20.C 613TI 14308 50.749 526.182 25, 55L267 459,T20 Share of nIn¢1 costs note 9) 10,007 lo7 536,189 2%085 56¥274 469.370 fr Unre5trficted funds. 8enernl Restrkled fund5 534189 25085 444J32 25,038 53fj189 25.085 561374 469.370 Forth• yMr •nded >) June 2023 Unrestrlctqd funds-ynernl Restrltted funds 444J32 444J32 25.038 25,038 469,370 17-
EMMAUS LEICESTERSHIRE AND RUTLAND NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED FOR THE YEAR ENDED 30JUNE 2024 pporta4ts Support will GvMnabK• 202J BMIS of allo¢•lknn Independent examlners fee5 Ac¢ourrtancyfeas nk charsai Gmrnance 3,720 2A20 3N67 3,720 181MJ Go4•mince 3,IYYI G(wernanc• 10,007 10.1x17 9,650 Analysed betwn thartkble xthltl• ioA GMrnanc• costs Indudes payrnnts to tho Indep•ndent •omln•rs £3.720 (201> £3.660) foreoMlnatn f•es. 10 Ilet mmm•nt In lundi 2024 The not moNYrnnt In fundsls Stated after¢1/(r•dttIrff): Foes pblo forthe Independent eumln•tlon of the charltVsflnarrtl•l statements Dewecktlon OF ownod tsnglble flxed assets 3,720 6A73 3A60 5Mg0 li Trusm Nane OF the trustee5 lor •ny connected wlth them) re[Vod ary remun•rntlon dwln8 the ar. but m•etln (x$ totsllln8 £94 {2023: £2841 were relmburwd. 12 Empkny• The overnp rrnnthly number ofeMplo dunIthe Or wai: 2024 Nun*Mr 10 Numb•r G•nl charltsbl• acthfftles Waps and salarlei 187,493 157,271 There no •mployees annual remunernt]on more than £60,CK#Y. 18-
EMMAUS LEICEsfERSHIRE AND RufLAND NOTES TO THE FINANCIAL sfATEMEpifs (CONTINUED) FOR THE YEAR EIVDED 30 JUNE 2024 12 Empl(Thw• (ContlThJed) The remuner•tlon of key man¥8ement pernonnd as foll¢yK: arew• compensatlon 58.906 57,128 Tauiion Th• tharftvs attltIeS fall wfthln the mpon9 afforded by th• prcwlslons Inconx and Corporntlon Taxes Act 1988. Acccrdlntri, there Is no tayafion char8e In these account& 14 Tan*l•lW amats At l July 1023 AddRlon$ Dlsposals 767380 805.989 BA0 P2.299 8.000 122,299) At 30June 2014 7679 23.710 79&6 Dwred•tlon and Inwlmi•nt At l July 2023 Dewe¢latlon chary In the ar Ellmlnated In respect of dlspo41$ 5.438 2,719 29.695 3,754 117,845) 35.133 6.473 (17.845) At 30June 2024 8,157 15,604 23.761 Carryknw •mourt At 30June 2024 75923 8,Ilk 767J29 At30June 2023 762,542 8.314 19-
EMMAUS LEICEsfERSHIRE AND RUTLAND NiyfES TO THE FINANCIAL sfATEMENTS (COKfiNUED) FOR TH£ YEAR ENDED 30JUNE2024 15 D•bt•rJ nts f4lllrydu• Tllhln . de debt¢rs Other thbto prIYnts?nd accrued Inty)me 4194 20.5110 33986 2.621 28.056 38ffi4 69.351 Lolns owrdrnftl Bank knns 574,653 payab wlthln one •r Pwble after ane year 9811 556,521 929 565,724 Amounts Included above whkh fall due aft•r IK•years: PblO by Instrlment$ 501687 511 The lon8-term In8 are secured by fiYAd charys over the property Tha EMP(Um, Sto¢kwll H•14 Hlnckl•y• Lelcesternhlre. LEIO IR6. 17 Cr•dtm: •iMirts du•vAthln one ye Bank In$ Othwtmtlon and soctal secur Trad• crndltors Otheruedltor5 AccnlS •nd defenEd Income 16 9.411 1641 4181 11689 lo76 829 1967 11267 7.952 37,052 Q•thrn: •Tr?urti hllr¥du• •fter morn on• ymr 2014 B•nk loans 16 556.521 555,724 -20-
EMMAUS LEICESTERSHIRE AND RLrrLAND NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR EPIDED gOJUNE 2024 R•rtrf¢t•d The restrirted funds of the Char comprlm th• unexpended balaKas of donatlons and yants held on tnist subJect to speclfk condltlons don0 as to howthey mry be used. In fvnds Il•l•n(• rt Jun•1024 The Van Fund Bulldlng aettsr Opportunltles (BBO The Natlonal Lottery Emmau5 UK Emmau5 UK2 Ch•rlty Unk Tesco Ground Work Lekest•rshlr• CouThty Coun¢ll The B•lkyWII Trust- Cank)n trnlnlng & 420 (420) 111.702) (IL702) (11,7021 io.c 4CQ) 48 11,630) 9&200 {7,5001 1630 (319) 7.625 1319) 7,306 4.352 IlJ19) The Balley Wlll TnJt. Il348) Purchase Shlr•s Communlty Grnnt Leeth Bulldln8 SD¢kty R•8thle H•ll Henrysmlth Ilotsryaub HSBC M•klw a Drenc4 9.681 9.681 ,681) 7310 (7,51Ml) 1,000 500 (24) 976 6.OOD 250 I6.(> 15,763} 12501 237 250 250 750 (7501 Donat•d Van I,o(M) 6000 8,000 LXV) 115,375 13.750 125,038) 104,087 30,950 109.952 -21
EMMAUS LEICEsfERSHIRE AND RLrrLAND NOTES TO THE FINANCIAL STATEMEhrrs (CONTINUED) FOR THE YEAR ENDED 30 JUfiIE 2024 Unr•rtrfrted fundJ- dwnited These ar• unr•strlcted fiinds whlch arn mot•rlal to the thartivs acthiltles. At ljuly 1023 At )Jun• 2024 D•s1d funds 188,545 Prev18 y••r. At IlY 2022 At IOJM 1029 Deslwatsd funds 188,545 188,545 21 UnrnArf¢t•d funth The unrestrkted funds of the charlty comwtse the uwxnded lInee$ of donatlans •nd grnnts whlch are not 8ubJect to spe¢lftc condltlons by donors and yantor5 as to howthey may bo used. These Include (k$18nat funds whlch hwe bmn s•t aslde out of unrnstrlct•d fund5 tythe trusteas forspedfic purposes. At I1¥ 21129 lThroml Rewurw At Jojune 2024 G•n•rnl funds 289.878 471,170 (536.1891 224,859 *2 i July2022 Inr4ml At 30 June 2025 General fiinds 308.730 425A80 {4441 289A78 ol nqtao6ts ldi nds fun •rnl ¢Wqratsd nds •X 30 Jun• lox. Tary¥ble asgets Current •ssetsl(IlabNltles) LOten Il•bllftles 661.823 119.557 iQ6.M6 767.929 311,9qa 1556 521 188,545 224,859 109,952 523.356
EMMAUS LEICEsfERSHIRE AND RLrrLAND NOTES TO THE FINANCIAL STATEMErifs (CONTINUED) FOR THE YEAR ENDED 3OJUNE2024 AnYS dn•t amats htw••n fvnds (Cortlrn•d) Unr•#rkt•d Unr•lct•d Re#rkt•d nth gOJuM 202J: Trryglble assets Currnnt assetsAll•bllltl•g1 Lterrn Ilibllltles 104,562 1475) 770.856 3TI.378 (565,724) 189,3( 1565724} 188y5 289078 184545 104,CI7 S82 FINnEW aMnmltmeAty iwrnTht•Qg bd condi lknbNld•s A grnnt of £IOO,000 w reIved from Emmaus UK la natl¢)nal charlty whlch provh125 8uldance and 5UPPWt for Indlvldual Emmau5 ¢ommunltl•s sh as Emm•us L•lcestetshlre and Rutknndl In 2021 and has been used to help pUhase The Emporfuffj stockwell H••d. Hlncklry L•lcert•rshlre, LEIO IRG as th• comnwnlty a¢commJd•tlon. Thls ant becomes repayable ff the bulldln8 Is sold vAthln 10 #r5 of the •8fftffnt dated 12 October 2020 or If Emm•us Lqlce5tershlre and Rutland ce•s•s to be a member of Emmaus UK wlthln th• rne tlrneframe. The potentlal contlns•nt Ilablllty Is £lOoJ tse1 the full 8rant pro¥lde(L op111¥ l•u• cammltmts At th• r•portln8 end date th• charfty had outstsndlng c(xnmltments fDr future mlnlmurn knse vyments under non cancelkble operatln8 leases 1th hll due as follxs: Wfthln one Betwean tsvo and 52.000 65,000 117.lx 117.( 169,000
EMMAUS LEICEsfERSHIRE AND RUTLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED gOJUNE2024 25 Clih yn•rnt•d from aptr•tknn% Deftdt for tho year 159.154) (30,NO) AdJuknMrrts for. Inrnent Incom• reco8nlsed In statemert of flnancl•l actmtles DeprKlatlon and Impalrnwnt of tsn8lble fId assets 14,3171 6,473 5,490 Molyments In upttal: Dec?9• In d•btors IncreaWldecroasel In credltors 10.6n 7224 27A83 (19.795} Cath by op•r•llo (39,1ts} 116,963)