Colwy te8istration nwnber. 10598054 Charity registratiott ouJJJb¢r'. 1171570 Emmaus Staffordshire (A CoMpY limited by 8ii&faAttt) Annual Report Fir131 St8rements for the Yew Ended 30 Jutte 2022 Daryl Denson Dudson C¢ntr¢ Hope Streei Sktn-Trellt STI 5DD
Emmaus Staffordshir¢ Contents {CODtlnued) RefenCe and Admittistraiive Detsils TnL$t¢es' Ret 2to5 Independent Examin&5 Report SratenMt of Fit)an¢iai Activities 7108 Balance Shett 9tolO Notes to the FinaDcial StatellKn 11 to27
Emmau5 Staffordshlr¢ Referenee and Administrative Details Truste Dr C L Ashworth, Thair MT C W Harris Mr G H AIDJ)nd Mr R L Speare Mr T M Stephetwn Mr P J M Mcshane Mr A J Gilbettso Mr P M Francis Senior MangemeDt l Le¥der5blp John Wcbbe. Executive Lead attd Genernl Mana8er Tearn Alan Co& w¢hOuse Man8g¢r Paul Moffat, Supervisor Ch8rlty R¢glJtr#tlon Nunther 1171570 CompDy ReKlitr*don Nunther 10598054 The chlty is incorporated in En8land and Wal¢& Senate House Josiah We48 Stree¢ Stoke on Trenl Statrs STI 5NS R¢gls¢ered om¢e Indep¢ndent Ex#mlner Dudson Centre Hope Stre¢t StokeaOts.Trent STI 5DD BAmkerg Cwperntive B¥nk PaEe L
Enunaus Staffordshire Trustees, Report The trkn8, who are director5 for the PUEP05eS of cotwy law. preseTLt the aDnual report together with th¢ finattcial staiejnents of the cbaritable cotwy for thc year ended 30 June 2022. Objectives and ctivitles Objécts ond #ims The prillcipal objective of the cbarity is the advallcemetrt of alleviation and relief of pov¢ty. hardsbip and di$tress to those need. ErMa4 exists to provide homeless people (known in EEYllt)aw as "Companions") with WOTk accommodation 8nd the chance to regain their self-Tespe¢t and to pursue their lives iti the ¢oJnmunity or in the outside world. E[llma Stsffoidshir¢ is ¢urrentiy workith8 towards thi5 Obje1ve. Thc trustees are saiisfied that in carrying Out its activities Emmws Staffor(Lthir¢ is providiDg a clear public benefit and i5 meeting its objectives. The tswte¢s have paid due 80rd to guida¢ issued by the ChJTity Comrnis$ion in decidin8 wh&t tiVitieS charity should undertake. Public b•neJ71 Despite the ch&llett8es brought Ab)ut by the pandemic, Emnjaus Sffordshire Iw continued our WOTk to iddress fiLrnitur¢ poveTty and supw)rt locol people to rtk)ve thwards a more susminable tt¢.. The tNsiees confirm that they hav¢ complied with the requirem¢n of s¢ction 17 01 the ChleS Act 2011 to have due re8ard the public benefii guidwKe published by the Cbarity Commission for England and Wale$. Achlevement$ and p¢rforrnaDce Emma5 Siaffordshl'rc has conlinued our work to address furniture i)ovety and support local people to mov¢ towards a mor¢ sustainable future.. . Over the year we provided tssential fiirnitur¢ to ov¢r 2.000 indiyithuls fnIlle$ wbo wcre referred to US through housing associ8tions and the City Coyn¢il's housing depanm¢nl. Addiiiollal fundins for thi$ was secured frotn the council in March 2022 due to the kn'gh level of need in our loul ¢ommullity. . W¢ ¢ODtinued to provide emplonent trnining opportunitits Within the or8anisation, with a fiuther three "ckstart fimded posts at¢d atKI appoini¢d io during th¢ year.. an oniiD¢ retail trainee. driver and warehouse operatsve. We $0 secured fuThding from UK (or a full time eBay sales Post and appointed a previous lons-tclln voluntcer to thi.s role. . We used a Eun)pcan Social Fund srant and donated tools to run woodworknns workshops for unemployed adults LA th¢ ciry to build skills and enwloyability. • Towards the end of the period we nVed oui of our previous pren)ises and into a new Wareho in & better lo¢ation to iDJprove our ability io generate income to supw>rt our c1w1b]e work We also opened a new store in th¢ Potteries Centrc in Hanley in a rcnt-frcc 5pacc wbich is seciD8 good foorfall and providirt8 fillther income generauon opportunities. Thes¢ w¢re v¢ry si8wfic8nr ¢h8nges for the charity and t¢x)k con5idcr&blc timc aDd effort to accomplish, a huge a¢hieYemeni ftir a sma]I team. We are hugely ¢0 our s¢aff and volurLleeTS for th¢ work they put in to enable thi5 to happcrL and to Em[DaS UK for thcir 5upporL FinaDCia] reylt The fjrtancial results are shown in th¢ Stat¢uM)t of Fina141 Activities and Balance Slw¢t in this report. It has been a challenging year financially but there are plaDs ID place iettTrn ¢0 a suplw positio Page 2
Enlln2u$ Stafford$e TTh5tee5' Report (eontinued) Pollcy reserves The reserves policy was review¢d dwing the year, and the EA)ard a¢d a thrget of £75.000 in fre¢ r¢s¢rv¢s io achicve the All8 of enabling financial $tsbility. rneetin8 the requirements of Working capital. and providing CuS.0n agdill5t fluctU8tioLs ID Ir0¢. The IK)ard re*i¢w the l¢vel of free reserves annually in line with our tivities and commitments. Ai the period end the charity had free Tes¢Tves of £99.202 {2021..£162.219). PrincipÈTlfvnding sourceJ Whi15t Ihc majority of our income coll froTll sales of dotwled plu5 the "bulky wastc" service income and fvrniturc rcferrals income. we bave ljad 50tne external grants durÈng the year. I"he5e were maujly a5SOCiated with supporting local fgmijies.. £40,07012021'.£24,0(X)l from Stoke on Treni City CowKil £nil {2021..£19,1051 from HMRC Job retention 5chellx. £nil(2021£10.0001 frotn Lottery for All lor volunteer 5upFK)rL £6.125 (2021£12.5001 frorn Scaffordsbire CoTDmurrity Foundation £nil {2021£ 2.0001 from Severn Tr¢nt Commuwty Fund £14,630 from Emmaus UK £22.896 from Stafford5hire Chambers of Comrnerc¢ £ 1.500 from Siaffordshire Chamber of CODMn¢C. £ 1.250 from Si Jules Thorn Charitabl¢ Tnjst £ 500 from Groundwork UK £ 400 from Neighbourly Inv¢$lmentpollcy and obJecrfve5 Under the Memorandum and ArtJ"cles of Assoctatioty the charity the powet to invest itt any Y the ttwtees wish. The tru5teeJ havin8 rewd liquidity r¢quiTements of the ¢h3Tity aad to thc r¢rVeS policy. hav¢ operated a poli¢y of ke¢ping avdiiabl¢ funds ID an inr¢S¢4)earln8 dep05i¢ a¢ullt with the aim to hl¢ve a Tate of deposii interest wthich 8¢ legs1 maiches or exceeds I[a0. The trS have aesSed the major risks to vlbich the chzrity is exposed and Are s&ts'sfied that systems are in pla¢e io miitigat¢ exposure to the major risks. Plans for future perlods A¢tiviti¢s pl4nnedrf¢ 47chieve Our primary foc in the cottLiD8 year i% to achi¢v¢ our aim of estsblishiug an Ernmau5 Cotnmunity in North Staffordslu're. We ljad hoped to &¢hi¢ve thi$ last year but the work involved in moving premises prevenied this. tnitially w¢ plan to eswblish a stnail group of ¢onwatiiotL8 in a residential property located within easy reach of our business sites. Our Ion8er-ierm to identify a suitable property to ho both the incotn¢ 8eneratin8 &spects of the chan'ty and residential a¢¢ommoda(ion for a Dumber of Companions. We 8T¢ 8]so ¢xplorin8 Ways to ¢ontinue to proyide training ftir local people io build skills and employability, Ltt¢luditi8 providing woodworktllg training in partncrslu'p local training and cducational e5tabli5hments. li is a150 tallY inportant for to th&Kimi5e the irwme-8en¢ration we ¢3n a¢hiev¢ from our two new premises, as w¢ll &8 our onlin¢ 5&1es. This will provi(k th¢ Tesoutces we need to suppon local people to move Qui of poverty and towards a nwr¢ swtsinable futtwe. Page 3
Enllnaus St8ffordshlr¢ Trustees, Report (eontinued) Trujtttj and officers The trustce5 and offi¢ers serving during the yw and $iJ)ce the year ¢nd wete as follows.. Trustees.. Dr C L Ashworth, CThair Mr J B Farrnr. Trcasurcr Mr C W Hatris Mr R L Spcare MT T M SteplM8on Mr P J M MeShe Mr A J Gilbertson (appointrd 4 November 2021) MT P M Fr¢1$ (apinted 21 January 2022) SeJior Malla8¢tnent l Leader51llp Team: Jo]m Webbe. Executive Lead &ttd GeJer81 Mana8er Alan Co& Warehouse MaDageT Paul Moffat. Sales Sup¢rvi50r struttu govern#ll¢e *Dd thMllagemeTrt No14r¢ of8ov¢rnimg dD¢umeMI Emma8 Staffordshire is a [Cstered charity a eomptty limited by 8U8rante¢ •nd is governed by its Memorandum and Anicl¢$ of A590tiation. As & re8isrered ehariry the conwany is nonvprofii making aDd its d1CtorS and trust¢¢s ar¢ voluntcers. The ¢ODwany Wds )[Pted on 2 Febru 2017, without share capital and ir is limited by guarant¢¢, to a maximum £1 each, pable by its memb¢TS. Th¢ Memor8ndum Arti¢l¢$ of A&so¢iition prohibit distribution of any surpluses other than ro En)tnaus UK. Recruitmertt ond4ppoinlmeR¢ The trustee5 arc appoiDted by the ¢inbS of the organisation at the AJJnual General meeung. DIrKtOrtLSt¢¢s hAV¢ th¢ pow¢r under the 8overnin8 docutncnts to c¢wt iDdividuals stsprt the objects of the organisation io fill VAcancies on the Board of Tnte¢s. IAduclion training As part of their itiduction, new wtees are prowded wtth infomution aboui th¢ charity. the n]allagement 8truclle, its history and worknng PT8¢tices. ID w1ditio they arc also provided with ¢opies of the Memoralldum and th¢l¢s of A$Sl2t10n plus iDfornution from the Charity Cornmi5sion and Compallics House r¢gardin8 the duts.es ond r¢sp)nsibilities of dirwtors and trst¢¢$, Pag¢ 4
Emmaus StalTordshire Trustees, Report (continued) Thi¥ is a local ¢hJrity whi¢h is a n)ember of Emmaus Intmtton. a w'orldwide organisa¢ion with over 350 ¢onJmullities, 29 of which aTe in the UK. Day to day rnanagement rebnsIbIlity rests with the nJanageo)ent t¢an). whi¥h r¢port5 to th¢ Board of TnLStees. Th¢ Board of TnL8te¢s m¢¢ts on a regular basis. The antlual report WAS approved by the trust¢es of the clwity on. . and sigDed on its bchaif by.. Dr C L A$hworth Tnle¢ Page 5
EDullaus Staffordshire Independent Exauthner'5 Report to the trustees of Emmaus SLgffordshire ('th¢ Company,) I report to the charity tsWttts on tny ex8miDatson of the accounts of thc Company for the year ended 30 Jutso 2022. Re5POD3lbiliti¢J nd bwiy of report As the ¢hAriry'$ Inte¢S of the Company {and th its director5 for the PUTposes of company lawl you ore reSpO51ble for the preparation of tbe accounts ith ¥¢ordJwe the requirements of the CompaDie5 Act 2006 ('the 2006 A¢t'). Having satisfied myself that the aceourtts of the Cowy are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examinlon, I r¢port in reSpt of my ¢xaTDillation of your charity'8 accounts carried out under wtion 145 of th¢ Ch8Tiues Act 2011 1'th¢ 2011 A¢t'). lu caIng out niy examination I hav¢ follow¢d the Directions given by the Charity Conllnissiots undei sec¢ion 145{5llbl of the 2011 Aci. Independent exAmiDer 5 Statement Sin¢e the Compan$ Bross iucume exceeded £250.(Kl) your exatniner must be a njember of a body liSd i scction 145 of thc 2011 Act. I confirm that l am qualifi¢d kn undertake the examinaiion because l am a member of ACMA, which is one of th¢ listed bodies. I hove completed my examinatiotL I confirm tht no hvt eome my •ttettuon in cotmecuon with the examsnation 8ivillg me U$¢ to believe.. l. accourttin8 record8 were I1 kept in rupxt of ETllmaUS Staffotdthir¢ as r¢quir¢d by 5eetion 386 of the 2Q06 Act: or 2. the accounts do llol ac¢ord with those records.. or 3. the ?Onts do Dot COD]ply with the COUntin8 requiremeJJts of stttion 396 of the 2006 Aci other tha Any requiremeni thai the accounts give a.e and flit vtew wbiclx is not a matter eonsidered as paft ofall independent examinaiion; or 4. the accounis have not been PTeP8red in accordance with the methods and principles of the Statemellt of Recommettded Practice for accounting and re)rtIng by ¢barities lapplicable to ebarities preparing their accoutlts in accordancc with tbe Financial R¢pOrt8 Standard applicable in th¢ UK and Rcpublic of Ireland (FRS 102)]. I hayc no concerL8 aDd have corne actoss no other mattets in conn¢ction with the examination to whi¢b att¢ntion should be drawTr in this rwrt in order to ¢Dable a proper undersMDdiDg of tbe 4¢¢oullts to be re&cbed. Daryl Den50n ACMA Dudson Centre Hope Street Stoke-on-Trent STI 5DD 0810212023 Pa8e 6
Emmaus Slaffordsbire Statement of Financial Activities for the Year Ended 30 June 2022 ncluding Income aEJd Expendithre Account and Statement of Tot Reeognised Gain5 and Losses) Unrestricted nds Restrl¢t¢d Total 2022 Note ltt¢ome #nd Endowments from: Dottaiions and leg1¢8 Charitable actiNitie$ tnvestD)ent incorne 4,654 328,985 49 83.721 88,375 328.985 49 Total income 333.6¥8 83,721 417,409 Exp¢nditure on: Rai5in8 funds Chariwbl¢ a¢tiviti¢$ (233,9421 164,249 (81,781) (315.7231 164.249 Total expenditure 398.191 81.781 479,972 Net lexpenditureyincon Net movement in fimds 64,503 62,5631 (fA.503} 162,5631 Reconciilatlon offuDdJ Total funds brou8hi forward 165.419 59.002 224,421 Total wried forward 22 100.916 60.942 161.858 The notes on pages l I to 27 forni an integral part oftbcse finallcial statements. Pa8e 7
Emmaus Staffordshir¢ Statement of Financial Activities for the Year Ended 30 June 2022 (continued) Dcluding Income and Expenditure Account and Statement of Total Recognised Gains And Losses) UDrestri¢ted R¢$tritted fulld$ Totsl 2021 Note Income and Endowmeots from: Donations 8nd legacies Charitable activities InvestnKnt incoo 53.947 306.393 101 I8.0) 71.947 306,393 ioi Total iDCOt 360,441 18.OIN) 378,441 Expendlture om: Raising fijnds Charitable activities (152,878) 116.394 (95.198) (248,076) 116,394 Totsl exp¢ndiiur¢ 269.272 95.198 364,470 Nel iOMe/(CXpendLtr¢) 13,971 Nel movement in fiJnd5 91,169 (77.1981 13,971 Re¢on¢Ulatloth of funds Total funds brou8ht forward Tot fut$ carried forward 74,250 I36.2) 210,450 22 165.419 59.002 224,421 All of th¢ charity's liVI¢¥ d¢riv¢ from Continuing operations duri08 th¢ above two periods. The fi]n&4 breakdowu for 2021 is Sho in MJt¢ 22. Tr notes on paBes I I to 27 forni an integrnl part of these [an¢tl ststrllrtts. Page 8
stsfford$hire (Reglstration number: 10598054) Balance Sheet as at 30 June 2022 2022 2021 Nots Fixed asset Tangible ass¢ts Investtnenis l4 15 12.321 17,343 12.323 17,345 Currtnt tsets Stocks Debtors Cosh at b8nk and in hand 16 17 18 10.698 7,146 41,344 232,240 156,070 237.879 280,730 Cr¢dltor5: Amollnts f#lllttg due t•lthltt otte yer 19 (36,808 22.686 Net currmt asjets 201,071 258,044 TotAI $sets Itss curreDt IlftbUI¢S 213,394 275,389 Credltors: Ajnounts faUiDg due aft¢r more tbn one y¢r 20 51,536 50.968 L¥¢t a)t5 161,858 224421 Futtd$ of the charlty: Restrl¢ted In¢orne funds Restricted lunds 22 60,942 59,1)02 Unrejtrlrted IDcome funds 100.916 165.419 Totgl fvDdi 22 161.858 224.421 For thc fncIlI year etiditig 30 Jutte 2022 the cbarity was etitided to exemptioa fmm audit under sectioD 477 of the Coropanies Act 2006 rclating to small companies. Directors, responsibilities: The mctnbcr5 have lloi required the ¢blty to obtsill a111 of its Kcounts for th¢ ye4r in question ia accordance section 476: and The dircctor5 knOwledg¢ their r¢spoTtsibilitie5 for ttlYing with rhe requirements of the Act with rcspect to accountin8 records attd the Preparatio0[ a¢coun Tr notrs On P38es I I to 27 forth an inte8fdl part of these fiTwi¢ial ststem¢nts. Page 9
Emmaus Staffordshire (Registration number: 10598054) Balance Sheet as at 30 June 2022 (contjDued) The financial staterneTJts on pages 7 to 28 were approved by the t¥u$iees, awl authori5ed for issue on . and Si8Ded OD their behalf by.. Dr C L Ashworth Truste¢ The notes on pag&s l2 to 28 forn an integrnl part of thesc financial 51atcnients. Pa8e 10
Emmaus Staffordshire Notes to the Flnaucial Statements for the Year Ended 30 June 2022 I Chgrlty staths The charity 15 limited by guaTaniee. iDCorra[ed in England ftlld Wales. consequently does not have sh8 capit. Each of the trteeS is liable to contribute an anK>Ullt not exceeding £1 tQW8rds the assets of the charity in the ev¢nl of liquidation. The address of its regist¢r¢d office is.. Senate HoLLS¢ J05iah WedBwood Street Stoke on Trent Sialh STI 5NS 2 A¢¢ouThtlng polldes Summary olilgttlfl¢nt tcounting poll¢lu rtd key atcountthg utimates The principal a¢¢ounling poliLies applied in the preparalion of thes¢ fuwLial sthlemell. are set out b¢low. Thes¢ policies have been consistently applied ty all tbe years PTes¢Dd unless otherwi5C Stated. Sttement ofcompll4nte Th¢ finan¢iai s¢aierllents have been prepared in ac¢ordan¢e with A¢countin8 and Reporting by Charities.. Statement of Reeornmended Practice Applicable to ¢lwiues PTeparitig their &counts in accordance with the Financial Reporting Standd applicable in the UK And Republie of Ir¢land {FRS 1021 (effective l January 20191- IarItieS SORP {FRS 10211, the Financial Reporting StatKlard applicable in the UK R¢public of Ireland {FRS 102). They also wmply with the Cotllpanies A¢t 2¢X)6 and Ch&ntic5 Act 2011. Ba815 ofprepttr8tlo Emmaus Stsffordshire meets the d¢fJnition of a publi¢ ben¢fit entiry Ut)der FI 102. Ass¢ts li8biliiies Are initially reCOlSed at b15tori1 ¢051 or Irwou vatue unless Othe75e stat•1 in the relev1 &¢eouiLting policy notes. Golttg toncerD The ttuste¢s ¢onsider that there are no material unccrtainti¢s about the ¢barity5 ability to Continue as a going concem tlor any si8nificant are&s of unccrtainty that atTe¢L the canytt8 vu¢ of assets held by the chLty. ID¢ome and eodowmtttts Ail incollK is r¢coguis¢d ooce the clwity b&s ¢ntitlemeot to the ineome, it is probable that the iDcome vrill be re¢eiv¢d and the amounr of the incotDe r¢c¢ivable ¢aD bc rneasU T¢liabty. Grants rcceiwble GTants are recognised *lLen th¢ tharity an entitletn¢nt to the fimds and any eonditions linked to the grants have been met. Where perfornwice conditioLs are attached to the grant and ar¢ y¢1 be meL the ineome 18 reco8Di5ed as a liability and inrluded OD the bala¢ sheet a5 deferd inwme to be relcascd. Page 11
stafford$t Notes to the FIDincial Statements for the Year Ended 30 June 2022 {contlnued) Expendlturt Ail expenditure is reeo8Thi5cd once therc is a lewdl or toL%tTU¢tive obligation to that experlditure. Lt is probable s¢ttlemeni is requiT¢d ond the atnouDt carl be rne&sured reliably. All costs are all0¢d io the applicable expenditure heading thai aggregak similar costs to that category. Where costs caDnot be direcY attribuied to particular headin8s they havc been ailoc¢d oll a bsis ¢onsisteni with the ofresourc¢4 with Central $taff ¢¢Jsts allocated on the basi5 of timc spent. and depreciation charges allc&¢¢d oti th¢ portion of the asset'$ use. Other support costs 8r¢ that¢d bas¢d ¢)0 the SPTead of staff cosL8. These are costs incurred in 8ttyJrtin8 Volunt inc¢)me, th¢ maDa8ernent of itiyeslllts and th¢)s¢ iDcurre4J in trading tI¥ltieS that raise fimds. Ch4rlt4ble ÈTdlV1e Charitable expenditure comprises those costs incurred by the ¢h8rity in the delivery of its actEvi¢ies and s¢rvi¢es for ils benefieiarie5. It includes both costs that can be allocated directly to such o¢1ivities those costs of an indirect nAture neces8Nry to 511PPQrt th¢uL Governance eoits These include the costs attributable to the ¢harity's compliance with constiDJuonal atid sta¢utory requiremeuts. ineludin8 audJ"L straie8i¢ QW8¢¢nt 8nd trusw meetings and r¢imburs¢d expenses. Governllxnt grxptj Govornment grants are re¢o8nised based on the ac¢nJal model ond are measwed at the fair value of the asset r¢¢¢iv¢d or receivable. Grnnts are classified as rtlatin8 either to revenue or to assets. Orants relating to revenue RTe re¢ogniscd in incorne over the period in whhch the related costs are recols¢d. GranL5 relating ¢0 assets are re¢o8nised over the ¢xp¢£l¢d w5j1 lif¢ of th¢ 25S¢t. Wb¢r¢ part of a w relatu]8 to an 9s5ei is d¢ferred, it is recolSed as deferred income. TaxAtIoffj Thc charity is cotLsidtted to Poss the tests set out iti Para8rapb I Sclkedul¢ 6 of the Finance Act 2010 8nd therefore it m¢et5 thc dcfinition ol a eharitablc cornpany for UK cOrtIon tax purpos¢5. Accordingly. the charity is pOntilY ¢K¢mpt frottl t&ution in r¢5pect of incothe or capitsl gains received within eate8orie$ over¢d by thap¢er 3 Part I l of the Corporation Tax Aci 2010 OT Section 256 of the Taxatson of Chargeabl¢ Gains Act 1992, to the extent that such iticotne or gaitts are applied exclusively to charitablc purposes. T#n8ibl¢ fixed •s$ets tndividual fix¢d assets c¢)sting £5.00 QT mor¢ ar¢ initially reeorded at ¢osL less any subsequent ac¢umulated depreciation attd subsequent a¢cunwlated w8irDMt losses. Depr¢¢latlon and amorti5tio Dcprcciation 15 prowded on thble fixrd aets so as to WTi off the cost or valuation, less any estimated re$ithd YaLue, over their expectcd usctul econotnic life a5 follows: Asset class Computers Vehicles DepreciatlDJ method alld rte 20 /• Sttaighf line 25•A rUCing balance Page 12
Emmaus Staffordshire Note5 to the Fln4n¢l#l Stalem¢nts for the Y¢r Ended 30 June 2022 (continued) Flxed se¢ InveStnllts Fixed &et investments. other thaD pro8fdullne related investrnents. ue included * market value at the balance sheet date. Realised gains and losses on investmenrs are calwlated th¢ difference betweets sales proceeds and their market value at the statt of the year, or their subsequenl Cosi and are charged or credited to 1C Ststemertt of Financial Actiyitics in the PEriod oldi5P05tt1. UJtre81ised gaiJL8 and losses Tepr¢s¢nt the in nwkei valu¢s duTin8 the yetr thre credittyl or charged io the Staiejnent of Firla1 Ac¢iviii¢s based on th¢ mark¢t valu¢ w the y¢ar end. Stock Stock i5 Stated at the lower of eosi or 'net realisable vatue. INRV) . Items held for distribution at no or llorm&l consid¢rd¢ion ar¢ m¢asurerd tbe lower of replacement cost and COSL Net rcalisablc valuc is the estimated sellin8 price less all estim8d costs of w)wl¢tion and costs to be incurred in mukelin8. sellin¥ and distribuiion. TrAde debtors Trade debtors are amounts due from Customers for merclJandi5e sold or 5eTVi¢¢S perfornkd in th¢ ordinary etsurse of business. TTad¢ debtors are recols¢d initially it the tr8n58Ction prite. They ire 8ubsequen(ly me&sured at Amortlsed cost using the effective interest mcthrf I¢ss Provision for impRinnent. A provLSLon for the impwmieni of trade debtors is established when there is objeciive evidence that the charity will no¢ be abl¢ to ¢olleet all amounts due accgrdin8 10 the 0ri8Lnal temts of the irceivables. Cash cagb equlvilents Ca$h and cash equivalents comprise cash on hand call deposits, and other short-tenn highly liquid invests)Knts that ar¢ readily convertible to a knovrn amount of cash and tre subject io an insignific8nt risk of change ill value. TrAd¢ ¢r¢dttori Tradc crcditor5 are obli8aiioos to pay for goods or services thAt have been a¢quued in th¢ ordinary course of bwqin¢ss from suppliers. Accounts Paydble arc clSrIed current liabilitLCS Lf the charity does not have an uncondiiion81 righ4 at the erMI of th¢ reportin8 p¢riod tsTr defer 5¢tt1etnetLt of the creditor for at least Nelve tnonths after the reporting dale. If there is an unconditional righi defer s¢ttl¢m¢nt (or at It twelve tnonths after the rew)rtill8 datc. they ptesentd nonur[cllt liabilities. Trade creditors are re¢ognis¢d initially at the tratLwiion price and subseqwtly U$llred at amortised cost using the effe¢tiYe interest method. P*8c 13
StaffordshRre Noles to the FlnAnclal Statements for the Year Ended 30 June 2022 (continued) Borrowlngs Interesl-bearing borrowings arc initially (rd¢d at fair va]ue, oet of transaction costs. Intere$t-be8ring borrowinss are subsequently carried at amortised c05L with the difference between the procceds, of trdnsaction costs, and the amount due on redetDPUOll bein8 recoLsed as a charge to the Statement of Fllwicial Activitie$ over the pcriod of the reltvant bormwing. Ittterest expense is To819¢d on the b&sis of effcctiyc intcrest method and is in¢lud¢d in interest payable and similar clwges. Borrowin are classified a5 current liabilities unicss thc charity has all uwonditioDal right to d¢fer settlem¢nt of the liability for at l¢&st twelve months after the rcportiD8 date. Fund itrntture Unrestricted income fimds ar¢ gen¢T•i fimds that 3T¢ •Tr7ilable for use at the ¢ntstees di$eon in fiJrther4Dce of the objecliv¢8 of the chm"ty. Restricted iticome fuTth Ire th08¢ dOted for use in a PArticul&r are8 or for sp1¢ PUTp¢xse5, the use of which 15 restricted to that area or purpo$¢. Flnanclal Instrumetsts ClassificOll Financial ass¢l$ Jnd financial liabilities are reeow'seAI when the Clwity bKomes a party to the contracttl provisions of th¢ instrum¢nL. Financial 12abilities and equity instnunents are ¢lwifi¢d accordin8 to the substhnce of th¢ coDtr&Ctual 8TranBenwnts entered into. An equity instrument is any conlwt that ¢vid¢nces a residual interesl in the ass¢ts of the charity aft¢r deductin8 all ofits liabilitses. Reco8nrfltJn andm¢osuremtnt All fm8n¢ial w¢ts and liabilities are initially measured ai transaction price lilUdIng transaetion costs), except for those fittan¢iAI assets ¢lassifJ¢d as at fair valuc through profit or loss. which gre initially me&surcd at fair Yalue (which is normally the tTansa¢tion PTiC¢ ¢x¢ludiDg tra[¢t10n costs). urtless the 8rran8emenl constitutes a financing transaction. If an arrattgettmt ¢onsriDJtes a financing tr8twtiot4 tbc fillclaI asset or finllncial liabiliry is m¢&5ur¢d at the prt%eDt value of the future paymeDts dcOUnted at 8 market rate of interest for similar debt insttumenL Financial 8&qcts and liabilities ¢ ooly offsei in the sthm¢nt of financial position when. and ot)ly wh¢n th¢r¢ exists a legally ¢nfO¢able rigbt Io set off the reCoLCd amouots and the Clwity int¢nds either to settle on a net b&8is. or to re&lise the asset and s¢ttl¢ th¢ liabiIity simultaneously. FitwKi81 as3¢t$ are dercco8wsed vAwi attd only whett a) the contra¢nL rights to the cash flows from the financia] asset expire or are settle(L b) the ¢lwity transfers to athothei pw subsraniiA]ly all of thc risks and rcwards of ownership of the financial ass¢4 or ¢1 thc cbarity. de5pitr having reuined some, but not all. Si8nificaat r25ks and reward5 of ownerthip, has transferT¢d control of th¢ &sset to another party. Fitianci liabilitie$ ar¢ d¢re819¢d only when the obli8ation specificd in the coDtraci is dischar8cd, canttlled or expires. Page 14
Emmaus Staffordshire Notes to the Financlal Statements for the Y¢2r Ended 30 June 2022 (contlnued) 3 Illeome from don*tiODS and legaeles UDre5tritted funds General Restrlcted fund$ Totsl 2022 Donatio% leg1¢$. Donation5 from individuals Grants, including capital 8rnnts: Goverrtmeni grants Grants frottl other clwities 1.554 1,554 40.070 43,651 40,070 46.751 3.100 4.654 83.721 88.375 Unrestrl¢fed Restrlcted Total 2021 Cenerlll Donations and leg?¢i¢s- Donatiorts from indiiiduals Grants, in¢ludin8 capita] 8Tts. Govetiynent grants Grallts from other Gbariti¢S 692 692 37.005 15.650 15.500 2.500 53,105 18.150 53.947 18,000 71.947 Page 15
Emmaus Staffordshire Notes to the Financial Statements for the Year Ended 30 June 2022 (contlnued) 4 IDcoD from charitable 8etivitl¢s Unrestrl¢tEd funds Gener] Totsl 2022 Other trading activities 328,985 328,985 Unre5trltted funds General Total 2021 Other truding activities 306.393 306.393 5 Investment Income Uortitri¢ted fuDdi GeDerl Total 2022 Interest receivable and similar income.. Interest receivable on bank deposils 49 49 49 49 Llnrtgtrlcted Totsl 2021 Gener#1 Ini¢r¢st re¢eivAble and $imilor iD¢ome; Interest receivAble on bank deposits 101 101 Page 16
EDnaS Staffordshire Note$ to the Financial Statements for the Year Ended 30 June 2022 (continued) 6 Exptlldi¢ure on r•lslTrg funds A) Costs of trad1 iedvltles Unrestrltted funds Cenerl R¢5tr1cted funds Total 2022 Fundraising tTadin8 Costs. Fundraising Costs ofgoods sold Ixgal fees Marketiti8 Ind publicity Depreciaiioty amortisation gud other similar ¢ostS 92,112 53,675 4.804 9261 (47) 32.832 4.8 92,065 86,507 9.604 9261 3.536 40.660 3.536 114,750 Staff Costs 74.090 233.942 81.781 315.723 Unreslriried funds GenerAI RtrIcted fund Totsl 2021 Fundraising tradiDg costs: Fundraisirtg Costs of goods sold Legal fee5 Marketllw and publicity Dcpreciatio Amortlsatioll and other similar cosis 37.618 61,805 7,319 9,475 40,136 10,668 77.754 72,473 7,319 9,475 4.715 39.679 4,715 76,340 Staff Costs 36.661 152.878 95,198 248,076 Pa8e 17
Emmaus Staffordshire Notes to the Financial Statements for Ihe Year Ended 30 Jun¢ 2022 {continued) 7 Expendlture OD ¢hrStbl¢ #¢tlvitl Attlvlty undertaken dlrectly 2022 Staff costs Depreciaiion Bank Charges Maintenance. repairs al r¢newats Insurww¢ Reni and rates Utilities and waste Motor and travel expeDses Miscellaneous Markeiing and publicity Aceountartcy. bookkeeping ond payroll L¢8al professiotwl Telephone Logn Int¢¢ Busittess and office supplies Computer rutming costs 105.079 1,485 1,818 11.884 1.777 14.323 5.753 5.750 2.383 4,645 2,226 4.817 105,079 1.485 1.818 11,884 1,777 14,523 5,753 5.750 2,383 4.645 2.226 4,817 IJ 665 193 752 499 665 193 752 499 164.249 164,249 Page 18
Emmaus StalTordshire Notes to the Finaucial Statements for the Year Ended 30 June 2022 (continued) Aetlllty ndertakell directly 2021 Staff ¢osts DqXIatl0t} Bank Charges 69.906 1.548 1.596 4.316 2.344 15.391 2.871 4,282 69.906 I,S48 1,596 4.316 2.344 15,391 2,871 4.282 Inswance Rent and rates Utilities and Vdste Motor and travel ¢XP¢Dses Miscellaneous Marketing and publicity Accountancy. bookkeeping and payyoll Le4] and professional Telephone Loan Interest Businw and office supplies Computer nmning costs 4.751 2.197 3.671 681 193 464 4.751 2.197 3.671 681 193 464 ij 739 739 116.394 116,394 £164.959 (2021- £116,394) of the above expenditure was •¢tributhble to unrestricted funds gnd £Nil (2021- £Nil) to $trIcI¢d fid5. Page 19
Emmaus Stsfford5hire Notes to the Financlal S¢atemeDts for the Year Ended 30 June 2022 (Continued) 8 GovtrnmeTht grants The cbaTiry received £Nil (2021.. £19.105) from HMRC in respert of th¢ Job Reteution S¢bem¢. Th¢ clJaTity received £Nil {2021: £10.000) from the Naiiolla] Lottery. The charity received £40.070 (2021..£ 25,0001 fro Stoke on Trcnt Cily Council. The amount of grants re¢ogllis¢d in the financial statements Vds £40.070 (2021- £53,105). Th¢r¢ we no unfulfilled cottdiiions ai the year end. 9 Net incom1nOutgDIng resoure Net (outgoin8yincomÉng resourtts for th¢ year incl. 2022 2021 D¢pre¢iAtion of fixed &4sets 5.021 6.263 10 Trnytees remun¢rtloD nd e4>enseJ No ttee$. nor p¢rsoos connecred with the ve rerxived remuDeNion fmm th¢ ¢knity durin8 th¢ year. 11 St*ff cojty The a88regate PY4yToII costs w¢r¢ &5 (ollows.. 2022 2021 Stthff tosts durfng Ibe yeir were: Wa8cs 2nd salaries Social Curity Costs PensioD Costs 208.147 .376 3.306 139.815 3.785 2.646 219.829 146.240 Th¢ monthly &verage of persork8 {incIlng Mior nwH¥¢m¢nt I le&dersbip t¢8m) ¢mployed by the charity during the year expressed as filll time equivalents was as follow7.. 2022 No 10 2021 No Employe No employee received emolum¢nts of more than £60.0 durin8 the year. The total employee benefits of the key personnel of the charity were £88.265 (2021- £82,850). Page 20
Emmau$ Staffordshire Notes to the Fkn#nelal Statements for the Year Ended 30 June 2022 (continued) 12 llldepeDd¢Dt ¢XaJDiner's remuDeratioD 2022 2021 ExamiDation of the financial ststements 2.047 1.950 13 T4xatloD The charity is a regisi¢red ¢hority and is tberefore exernpt from tsmtion. 14 Tangible llxed issets Motor veblcl Computer ¢qulpment Totsl Cost A¢ l July 2021 33.529 7,739 41.268 At 30 June 2022 33,529 41,268 DepreclAtlon At l July 2021 Charby for the y At 30 June 2022 19,385 3.536 4.541 1,485 23,926 5,021 22.921 6.026 28,947 Net book value At 30 June 2022 10.608 1.713 12.321 At 30 Jurte 2021 14.144 3,198 17.342 Page 21
Emmaus Staffordshire Notes to the Financial Statements for the Year Ended 30 June 2022 (continued) 15 Fhed asset Investments Other Investmettts Unllsted Invethnellts Total Cojt or Valu8tlfj At l July 2021 At 30 Juue 2022 Net book vxlue AI 30 J¢ 2022 At 30 Jull¢ 2021 The investment represents I¢W/o of the orditwy share copitsl of Ecostore (Staffordshtre) Ltd, V4 dorn)t ompany whos¢ registered offiee hddress is Senile House. Josiah Wedgwood Streei, Stoke on Trettt. STI 5NS. Th¢ Company pr¢paTes its individual accounts which are ttot collsolidaled into the a¢¢ounts of Emm&us Staffordshir¢. 16 Stock 2022 2021 Finished good5 10,698 7,146 17 Debtors 2022 2021 Trade debtors Prepaym¢nts VAT recoverable Other debtor5 31,608 26.674 12,806 23 22.245 13,496 3,410 2,193 41,344 18 Cash and ¢h equlv•l¢Dts 2022 2021 Cash on hand C&8h at baDk 3,685 152.385 1,739 230.501 156,070 232,240 Pag¢ 22
Emmu$ Staffordshire Notes to the Finan¢l41 S¢atem¢nts for the Year Ended 30 June 2022 (contlnued) 19 Crtdltors: JlDiouDts falling dve Y4ithin One ytr 2022 2021 Trnde creditors Other loans Other taxation and SOCI 5ccurity Other creditors Accruals 28.011 6.300 11.614 6.3 1,445 .377 1,950 449 2.048 36,808 22,686 20 Credltors: amounts fallitig due #fter year 2022 2021 Other lootts 51.536 50,968 21 ObllgtloDS under le$es ind hlre pur¢h*se ¢ontrAtts The total v4lue of future n)In1 It yrneAts was as followJ: 2022 2021 Within otte year In Iwo to five ye 43,750 43,750 37.898 87.500 87.500 125.398 Page 23
Emm2u$ Staffordshire Notes to the Financial Statements for the Year Ended 30 June 2022 (continued) 22 Fund B¢ t I Juty 2011 Incojlling resource5 Resoure expended BAl8nce at30 June 2022 Unrestricted funds General General 165,419 333.688 (398.1911 100.916 Reitrleted funds David and Ruth L*wis C11b]e TNst Property Fund Staffordshire Comnllty Foundation Stoke on Tr¢nt City Council ChaEnbers of Ctsmmerce Staffs Commutiity Foundation SOT CC Conjmurtity Grathi Emmaus UK SOT CC 27,912 27.258 (3.536) 47 24,376 27.305 2.5( 1.332 (2,500) (1.332) (14,092) (6.1251 (5.000) (14,1731 35,070 22.896 6,125 8,804 14,630 35.070 457 Tot•1 reytrld¢d 59.(M)2 83.721 81.7811 60,942 Tot81 fuDd$ 224.421 417,409 479.972 161,858 Page 24
EMnllS Stalrordshire Notes to the Financial Statements for the Year Ended 30 June 2022 (conllnued) Blante at I July 2020 Incoming resources ResoDrces expendtd Bal#¢¢ •t 30 June 2021 UnrestTlCted fundy General General 74250 360.441 {269,272) 165.419 Restricted David and Ruth Lwis Clwitsble Tnjst Propety Fund National Lotiery Community Fund Staffordsbire Cornmunity Foundation Stoke on Trent City Council NatiorM] Lottery Commtstiity Fund Sioke on Trent City COU11 32,627 32,205 (4,715) (4.947) 27.912 27,258 71,368 (71,3681 2,51K) 2,500 1,332 (1,668) 10,0 2.5 (10.0001 2.5001 Tot81 r¢strlrted fund$ 136200 95.198 59,002 Total fuDdi 210.450 378,441 364.4701 224,421 Page 25
Emmaus StalTordshire Notes to the Financial Statements for the Year Ended 30 June 2022 (continued) The specific purw)5cs for wbich the funds Ire to be Applied follo. The David aDd Ruth l£wis ChaTitsble Tn1 fi]ng is 8 O issued towar&% the p¢1 of ¢bree vans. Th¢ vclu'cle5 in question are d¢pre¢iated annually atknl th¢ fijnd b8lanc¢ is T¢du¢ed by aD arnount equivalent to the yeavs char8e. The Prop¢ty Futhd 15 set up to raise money towards the purchase of a property suitsble for a new Emma% CollJTnunily. It donatioos from EDJm8us organisations in St Aibans, Preston and M0551ey, alollg with fi]ndin8 from The National Lottery Comnllmllty Fund. The National Lottery CoDJmunity FuDd rnon¢y 15 to be to deliver activitie5 specifically atmed to support com]nutsities throu8h the cov119 CTiSiS aTKI wll be spent over a 12 month period. Staffor(L8hire Cornmunity Foundati(trn 8•ve us a wt for £2.51)O for Yolunteer supwL Stoke ort Trent City Council 88V¢ W 8 8rani for £3,(K)O to provide emergeY c8s¢s with new vthite 8oods. The NatioThal Lottery Community Fund 8ave us a wi of£lO.I))O wwd$ our volun¢e¢T costs. Stoke on Trent City Council pve w 3 of £2,500 for new ¥pplian¢¢s. Chambers of COMnce £22,896 to fimd a kickstart salary. Staffs Community Foundation £6.125 ESF to Ver th¢ ¥lary ofwoodwork srudio le. Stoke otl Trent City Council £5.000 to cover the sthry of the Volunteer Cowordinator from Jan to Mardl 2022. Emmaus UK £14.629.92 fundin8 to eov¢r the lary & ass0¢iated eosts of a new role of eBay online sales lead. ske ott Trelli City Council £35,070 grants WardS goods and packages. Page 26
Emmaus Staffordshire Notes to the Flnan¢lal Stotem¢nts for ihe Y¢Ar Ended 30 June 2022 (continued) 13 Anglysls ofnet Assets between fllDds nrejtrlrted funds Gener Tot funds at 31b June 2022 Restrlcttd fund5 Tallgible red assets Fixed asset illvestllwnts Currettt auets Current liabilities Cr¢ditors over l y¢pr 1,712 10,609 12.321 187,546 (36.8081 51,536 50,333 237.879 (36.8081 (51.536) Total net a&4ets 100.916 60.942 161.858 Lnrestrlcted Totsl funds Bl 30 Re5trlcted fvnds Gener*1 2021 Tangible fued &95ets Fixed asset investhxnts Current assets Current liabilittes Cr¢ditor5 over l year 3.198 14,145 17.343 235,873 (22.686) {50.968} 44.857 280.730 {22,6861 50,9681 Total net a&sets 165,419 S9.(2 224,421 24 Related party tranJ#ctlotti There were tKJ rel8t¢d party tralls¥tio in th¢ ye4r. Page 27