Compauy r¢si31rutiort rtumb•r. 10598051 chLty r¢gi8tration llumb¢r'. 1171570 Emmaus Staffordshiie {A company Ilmited by guar8nteel AJlluai Report gnd Fittartcid Stutem¢nts for th¢ Y¢arEnd¢d 30 Jwie 2023 Daryl Denson ACMA Dudgott Centr¢ Hope Street Stoke-on-Tr¢ttt STI 5DD
Sthrfordsknir¢ Contollts (conlinued) R&fEreoce and Administrative Details Tn]stees' RBport 2toS Irydepèttdertt ExamkfL•e$ R•port Statttt)ertt ef Financial A¢tiviti¢s 7t08 Bda[) Sh¢¢t 9tr$10 Staitment of Ca51LFIows Notes lo the FiL&n¢i81 St8lements 12to28
Emmaus Stafford3hlre Reference and Adminl$trative Detalls Trost¢ Dr C L Ashworth. Ch&ir Nlr S B Farrar. TrSrer Mr C W Harris Mr G HALmond MrRL Sp¢ar¢ Mr T M StepheJJson Mr P J M Mcshane MrA J Gilbertson I t*Adersbip John Webbt, Executive Ltad and G¢nerai Manag Alan COK Warehouse maager Natiskn Cooke, R¢tsil Manager T¢om Cb9rIty Regl9tvdtlo L¥umbeT 1171570 Company Reglgtr4tlon Number 10598054 The chity is uicorporatEd in Ellgl&rtd and Wales. Senate Hou8e losi#h W¢dgwwd Street Stoke ort TT¢rtt Staffs STI 5NT Re%fJtered Offloe lud¢pendeDt Exatsiner Daryl Denson ACMA Dudso]J Centre Htspe Stre£¢ Stoke-on-Tr¢nt STI 5DD Banke COpEr&I1Ve Bank Page I
Trustelsl Report The ttees, who are dir¢¢¢ors for the purp05¢s of CDmpaDy law, preyent the a]JThuAI r¢port log¢th¢r with the rinan¢ial 5tat¢m¢nts of the charitabl¢ ¢ompauy for the year ended 30 June 2023. Objectivu ad get1tieS OW¢cts and¢rln The prin¢ipal objectivg of the charity 18 th¢ advalle4fft¢nt of 4ll¢viation and r¢lief of p¥erty. kndsbip and distress to those iTh Eleed. Ejrmaus exists to provide hom¢less poople (knewn in Emmaus &% "Comp8ttions') with work, &cwmmodation and the ch&ncc to regwll their self-re8pe¢t and to pur8ue their liveB in the cots)munity or in tht outside world. Emmws Staffordshire 13 currendy WQTkillg toward5 thts objective through off¢rll tr&inillg employllL¢nt opportsJnitse8 forTrvhich it has obtained additiouaj funding this year. The trustees hay¢ paid due r¢gaTd to guidanc¢ issued by tile Charity Commissioll in d¢cidiThg wbat adivities th¢ harity sIUld undertske. Public beMeJ7È Emmaus Staffordshiro ¢ontinued our WO to addr th11¢ povety Ind yupport loc people lo mov¢ t)wards &mor¢ Sustable futu. Th¢ trLJSke8 Cotth that th¢y have compli¢d with the rWUir¢Nts of 8e¢tiott 17 of the Charities Act 2011 to have due r¢gard to the public b¢n¢fit guidance published by the Charity Commission for Eogland and Wales. Aehlevements And perforrn8n¢e Over the y¢4r WE have worked Iwd to devtlop OUT new war&ou5¢ and ietail pr¢mi$e¥ to enablc u3 tt> (tinUe OLW work to &ddreg8 ffiJrniturE poverty and support loGal people to move towards a mor¢ Sustsinable futtwe. ITh May 2Q23 our shop won th¢'su8tainability award" at the annual Potteries CeAtre tenants awards for our work in promoting recycling within die cetrtre. . Over the year we provided egsential furnilllre to over 600 famiiÉe& ov¢r 1,500 ind5vidu3. who w¢r¢ referred to us through lo¢al PAttrers. b We sayed over 400 tomcs of waste from landfill through the colle¢tion of nearly 9300 hoiisehold items for dollation and re$aEe. . We continued to provide employment and trainin8 OpponitieS within the organisatioll with the ¢T¢Atioll of Iwo new Warehouse Op¢ratiYe appretLtice roles and RetsiI Apprettt1 rolo. Our ¢Bay p)st, held by a pr¢Yious long-torm voluni¢er, w&8 made a pemanent P05t. . We obtained Lottery t[7g to ¢orttinue to riin wDodworking workshops to build skills alld ¢mployobility. We worked with a local ait¢rth•tive education providerto extcnd u¢¢ess to tbese to 14-18 year old stud¢Dts out8id6 of iIiLinstr¢am education. From Octob¢r ¢0 December 2022 w¢ und¢rtook a project with Keele Univ¢rsity in wbiGh physiotberapy stud¢ryts ran sessions in th¢ workplaff fi)r stsff gnd VDIuAte<rs to improye workfrjrce health and r¢duc¢ ii¢kn¢ss ab8erL¢e. FlllanciAI review Th¢ financial r¢sultS 2re Sho on pa8e3 7 to 28 of this rwrt. Page 2
Emmaus Starrordyhir Trustees, Report (continued) Policy r£wves Tbe i'estrves policy was reviewed durillg the year, and the board a8reed a tarset of £75,000 in free res¢Tves to aohieve the alTllS of enabling financial st8biTity, TlleEtin8 the requirem¢llts of workin8 capital. and prov5din8 a ¢usliiDn ag8lllSt fluctu&tioll$ in incon¢. The b)ard will revitw the level of free wervés &Ualty in Ilne with our a¢tivities ¢ommitments. Attht p¢riod ¢nd tkn Gharity had totrI fitnds of £176,396 (2022.'£161.858) Restii¢t¢d fund8 Wtre £29,41412022.'£60,942) Free re8crv¢s Df £145.678 (2022..£99.202) Prindp&lfundingSVMrce3 Wbilst th¢ majority ol income com¢5 from ye8 of donated goods pluy the butky wute servi¢e income and fimithrc r¢fetrn13 incomE, w¢ hav¢ had 8ome trxternAI grant5 during the yEar. Tre were mainly 0¢18d with supporting local f8111¢5.. £44.46712022:£40,070) from Steke on Tr¢nt City CounGil £1127512022:£6,l25) from Stathrd3hire CommultY Fouttdation £21.940(2022.. £14.63(Trl from Enjmaus UK nii12022..£22,8961 from Staffordsl)ire Chambers of G)mtneree nil(2022..£1250) from St Jul¢s Thotn Charitable Twt nil(2022..£ 5001 from Groundwork L nil{2022.'£ 400) from Neisbknurly £3,004){2022'. nil) from Dept of EducatLori £30,0fj0(2022'. nil) from Big Issu¢ ItLV¢3t Inveslmentpouey 8ndobJecrtv Under the Memr)randum ond Articles of Associ&tion. thc ¢hwity has th¢ power to iTLV¢St in any w&y tht trustees sh. The ttu5tees h2ving regard to liquidity roquirements of th¢ ¢harity and to the rerveS policy, hav¥ operdtcd apoli¢y of k¢¢ping available fi]ndy in att inter¢8t4)caring dep051t accoujt with th¢ aim to a¢1¢ve a rate of d¢posit interest at letstmat¢h¢$ or exceed8 inflation. The tsustee8 hav¢ sesSed the m8ior rigk5 to wbi¢h the ¢harity is •XPCp$¢d and are s8ti8fied that systent% ar¢ in place to Hjiitigate eyosur¢ to the Ma1 risks. Ptsn8for fvture periods ALTru tthdkey obJe¢¢lveslorfuthrepgrlodv A key aim for Emmaiis North Staffordshir¢ ¢ontinue3 to be the establiskment Df art Enllnaus community providing accotrtmodation and me8JJillgfvl work for people who have &%p¢ri¢n¢ed or ar¢ a¢ ri8k of hom¢le59n¢ss. In the early part of 2023 we W¢T¢ in conversAtion with a local hou8ing ass0¢iation regarding tw of th¢ir properti¢s but unfortunatcly d¢cid¢d we could 1 pwsue these due to finawitl con8ideTations. Wc a¢tiv¢ly exploring other opti0115 to ejble us to aGhieve this. Along5id¢ thi4 we are keen to increase aWfjT¢ne38 of tbc issu¢ of furniiur¢ poverty thtCh ig poorly 815¢d but ser10i1Y thcts tknusands of local people. A particular focus is on children have no bed to sleep i WLd wc are exploring links with o&ercharitl¢8 etigagcd with tbis issue around the country. In order to contittue our work to support local P¢Dpl¢ we also necd to continue to devtlop th¢ income-gen¢rAting 8$pts of th¢ organisatiots to provide resources and employment attd traillittg oppornitieS. Page 3
Emmaus Starrordsblre Trustees, Report (contillued) Use of volunleers As A ¢harity, arE very reliant on volunteers to help our ¢nt¢rprise op¢ration eaoiL day. Wtt haye a regular pool of oround 40 voluntgern from a whole variety of ba¢kwulld$ and need8 wh0 5UPPOrt every p1 of pur cbarity. ltt return, we not only ¢ov¢r bu$ trnvel, provide free lunches, deliver an exte]JBiV¢ range of free traitting for I volunt¢¢rs, we encourage atl vtslLfftt¢ers to supp)rt eacli other, to create au in¢lusive worksng environment for ¢vOlu[Ltt¢r to getuie most out of their time us. Trusteey and offlc•rs The tru5t¢r$ ond offic6ry servttsg dwittg the year and since the year end wer¢ &s follows,. Tru8t¢¢s'. Dr C L Ashworttl, CkniT Mr JB Fgtt&r. Tr¢osur¢r Mr C W H8rris Mr G H Aimolla fr R L Speart Mr T M Stephenso Mr F J M m¢S1e Mr A J Qilbert8on Mr P M Francis {r¢si8ned 118eptember 2023) S¢niorM8nagemellt l L£adership John Webb¢ BcUtiVe L¢ad attd GttrLeral Manager Alan Cox, Warehouse Manager Paul Moffat, Salt8 Supervisor (resigned 10 Novtmb6r 2022) Natisha Cuok¢, R&15 M&Ser lappoiuted 4 September 20231 S¢rncture> governancE aod malgeent Emniaus Staffordshirc is a Kgist¢r$d ¢barity ttnd a Cotthptttty limitsd by 8vllratttse ind is 8overned by tts M¢morondum and ArticlÉs of Association. As a r¢8i8wed charity th¢ wmpany is non-profil llng pmd its dir*torJ arLd tt¢S are Volunte5. Tkne ¢ompally was orpOrat¢d on 2 February 2017. without shar¢ capita] and it 19 IioLii¢d by 8uaralltee. to a m&¥imum £1 eatty payable by its members. TILe Memornndum Articles of As30¢ilOrI probibii distribution of surpluses otber tball to Emnthus UK. RecrAllmenl andé4JpolrtlMwn(oftrusle The trustees sto #ppolltted by the mernher.4 of the orgsnisation at tbe Annual General ettir18. Ditors1truSte£g v¢ the power ullder the gov¢ming documettts to CO-QPt Individ1$ who 8UPPOrt th¢ obj¢cts of the organisation to rdi Vat$1¢S on the Board of TrLt#s. Pag¢ 4
mmaus Stafford8hlre Trustees, Report (coDtiDued) amdtrulnlng of ¢ruste AS part of their induction, new mL%tees ar¢ provtded with infoTttLatiOU about th¢ Fharity, the anaerneDt tNctur¢, its history Aud working practices. Ill additioT4 th¢y ar¢ 41$0 provided with copies of the MemorAndwn And Articles of As8oci&tion plu5 I¢rLatiOn from th¢ Cbarity Conuntloll and CotllPAnie8 House tegarding th¢ duties and r¢spotL5ibilities of directo and trrjstees, Arrangementsforseftlrtg key managementpénonnelrentuneratlo All sdaries ar¢ reTriew¢d by the Board of Trustees on 8n annual b4sss ID April. Organtsotlonulstruelure Tbis iq a local ¢harity lch is th metnber of Emmau5 tttt•rna¢tDnal, & Worldwide organis&tion with ov¢r 425 ¢OnllllWLitj 30 of *tiich are in tiw UK. Diy to day mana8ement responsibility rests with th¢ m8na8em¢nt tsam. whith rep)rt8 to the Board of Tru8t¢es. The Board of Trustees m¢¢ts on are8Lar b&sis. SmaIl ¢ompallies pttyv181on statement This report bE¢n prepared 0¢dart¢e with thc 5rnall compallkeB r¢gim6 under the Co]Dpauie8 Act 2QO6, The Atinual reportwas approved by th¢ trustee f th¢ charity on................... and sigoed on its beha]f by. Dr C L Ayhwvrth ge5
Ejllmaus Stafford5hlre Independent Examiner's Report to the trustees of Emmaus Staffordshire {'the Company,) I rEPOrt to the Glwity trugtses Oll my examirtation of the K¢ounts of th¢ Company for th¢ Ye ended 30 June 2023. RupoDyibiliti ¥nd basts of rewjrt Ay the cjwity ll trutèè& tsf the forLpADy (Rna Alqtt 114 directaT.4 for the purposes of company lawl you u¢ responsible for the preparntion of the accouttts sn do¢Ord8n with th¢ requiremellts of the Compani¢9 Art 2006 IYb¢ 2006 A¢t'). Htsving satisfi¢d myself that the accoulits of the CoMpY are not wuired to be alldited under PArt 16 of the 2006 Ad and are eligible for iiid¢p¢ttdent examination, I report in respect of my examinatitsu of your clLarity' accounts carried out under 8ection 145 of th¢ Charities A¢t 2011 ('the 2011 Act'}. In caryitt8 Out my examittation I have followed the DirKtions given by th¢ Charity Comrnission under section 14515Xbl of tkn 2011 Aol. Indep¢lld•nt eJ*mlner's 8tAtem¢nt Slttce the COMP8 gross in¢one exceedcd £25U,()00 your exatniti¢r must be a m¢mber of a body listed i 8e¢tioll 145 of th¢ 2011 Act. I Confirm that l am qualified to undertake th¢ &xamination bttausc L am 4 member of ACNL4, which is Oll¢ of the listed bodies. I have ¢ompl¢ttd my eXAlDtiO I confimi tbat no matters hav¢ Come to my &ttelltion in cottne¢tion with the ¢xaD]ina¢ion giving m¢ C&USE to b¥likv¢'. l. aceoimting records were Dol kept in r¢spe¢t of ETllttEaUS Staffordshire 93 fEquired by section 386 of the 2006 A4 or 2. the aGrouDts do not accord with those records. or 3. th¢ a¢¢ourtts do ttot cotllply with tb¢ accounting requirements of s¢¢tien 396 of thE 2006 Act other thjn 8ny rcquirement that the accounts giv¢ a'tnw and fair view whiclL IS llot 8 matter ¢onsider¢d peri of 2n ind¢pendent ¢XinatiOn, or 4. the accouuls hive not been prepared in accordance with th¢ methods thd principles Df the Ststenient of Re¢ommended Pra¢eiG¢ for accountlLJg and r¢portillg by charities lJpplicAble to Gharrities preparing th¢ accounts in aCcordC Thith th¢ Fill¢191 Rewrting Stsndard applicable in tlie UK and Republic of Irel}d (FRS 102)]. I have no ¢on¢¢rn8 aud have come no other matterg in ¢oDnection wsth th¢ ¢xamination to which attention AhDuld be drawn in this report in order to enable a proper UertandIllg of ibe accounts to b¢ reached. Daryl Denson ACMA Dudson Centte Hope Street StOkrL-TrCrtt STI SDD Date.. ..4Ja12Q24..... Page 6
mmaus Staffordsbir Ststement of Fin•n¢lAI Activities for the Year Endod 30 June 2023 UDcludillg Incothe aDd Expenditure Accoupt StAtement of Total Reoognlsed GAlns and Losse5) Unre5tTicf¢d fun RtrACtd fun Totgl 2023 Note Incom¢ Lndowments Krom: Donations WEd I"gaci¢y Charitabl¢ a¢tivitl¢5 Investrnent Income 61,001 395,695 518 81782 143,783 395,695 518 Total ittcome 457,214 82,782 539,996 Exp¢ndafyre om: Raisin8 funds Charitable artiviticg {236,998) 174,150 (114.310) 1351,308) 174,150) Total expenditur6 Net 1neomel{¢edLtllre) Neg movement In Illd8 411,1481 Il14.310 525,458 46,066 31.528 l4,538 46.066 13l,528) 14,538 RegoneillatfoD of fund8 Total tllltds brougbt fottv8rd Totsi fullds trdryied forward 100.916 60942 16l,858 22 29.414 176,396 Th¢ lltst¢s ory pagcs 12 to 28 forni all int¢gral p8rt of thcse EJLanciai ststements. P88e 7
Emmaus Staffordshlre Statement of FlnAncial Activities for the Year Euded 30 June 2023 (Colltinued) (tncluding Income Ydnd Kxpenditure Accoullt P4lld Statement of Totsl Reeogllised Galns nd Loe8) UNrestrlotÈd fuDd5 REStrlcted fullds Total 2022 NotÈ roThe and n0MentS from: Donations and IGga¢i¢s Charitsble a¢tiviti¢s InStMent in(KJn¢ 4,654 328,985 49 83,721 88,375 328,985 49 Total income 333 688 417,409 ExpEtsdlture on: Roisittg funds Clwltable a¢tivitie8 (233.942) 164,249 (81.7811 1315,723) 164,2491 Total ¢xp¢llditUTe Net (expendÈtwryitLcoJne Net thov¢m¢nt in fimds 398, I9L) 81,781 479,972 64,503 1,940 62.563 (64,503) 1,940 (62,563) Total funds brought forward Total fvnds cattA¢d lorward 165,419 59,002 224.421 22 100,916 60,942 161,858 All of the charity'5 activities deriTr'c ¢Trnuttuing operdtiong durills the &bovE two prriuds. Th¢ fuDd8 breakdown for 2022 is 5hDWn itt tle 22. Th¢ ]Jot¢s oll pa8es 12 to 28 fDrm 2L integral Part of th¢3e fithanGiAI Statements. Pase 8
Emmaus StarrordJhlr¢ (Registration number: 10598054) Balanee Sheet As at 30 June 2023 2023 1022 Note Fixed att$ Tangibl¢ asy¢ts lttv¢strnents 14 15 9257 12,321 9,259 12.323 cllt •55ets Stock8 Drbtors C25h at b8llk ar>d Ill hand 16 17 18 19,139 73,837 175,172 lQ.698 71.111 156.070 268,148 237,879 136,108 Creditsr¥: ATnouknt$ l&UiThg du¢ within olle y¢4r 19 162.2941 Net currellt guets 205.854 201,071 Tot#1 set1 less current Ilabulties 215,113 213.394 Credltor8: AJDounts fal]iM¥ due after More thall one yeor 51,536 Net assets 176,396 161,858 Funds ofthe charity: Restricted ittLome funds Kestricted funds 22 29.414 60,942 Unrestricted Rncome fund8 UnTe8trided fLuS 146,982 100,916 Tot*1 tunth 22 176 396 161.858 For thE finanGial y¢ar endithg 30 Jull¢ 2023 the clwity Nvas ¢ntitId to ex¢mption from audit under sectiork 477 of tho Compani¢s Act 2006 r¢lating to sm811 cotuparies. DireGtorg' responsibilities: ThG mettthers tJave not required the eharity to Obta audit of its cOunts for the year in qu&4tion in a¢wrda]Lce with se¢tion 476. and The dlrcctorn a¢kllowledge thtir rE5ponsibslitie8 for complyiu8 with th¢ requiremertts of the Act with r¢spe¢t to A¢LOUlltillg r¢cords and the preparatiotl of accouDts. Th¢ notes onpages 12 to 28 forrd an int¢gral part of these fjD8Lwial statem¢rnts. Pagt 9
mmaus Staffordshlre (Registratioll number: 10598D54) Balanc¢ Sheet as at 30 June 2023 (contittlled) The fjn8ncial 5tatsm¢nts on pages 7 to 28 were approved by ¢b¢ tswtees, and iuthoriyed for i&gue o . alld 8i8ned on tknir behalf by.. Dr C L Ashworth TNst*e Th¢ notss ort pag¢s 12 ty 28 form inkgrnl part of these finan¢ial statements. Pag¢ 10
Emmaus Stafford5blr Statement of Cash Flows for th¢ Year Ended 30 June 2023 2023 21)22 Note Cash fiows frtsm operatillg i¢tivltl Net inc0e1(endity¢l AdjustsnetLts to ¢a8h nowy from nort-h Items Depr¢ciAtion Investellt L12GOlll¢ 14,538 (62.563) 3,574 518 5,021 49 17,594 (57,591) WorklDg upital Hdjustments 16 l7 19 20 18,441) (2.726) {I,827) 27,313 (3,552) {29,7671 14,122 In¢rease in debtor5 IDEGre&s¢yin¢re85e itt crcdtttir8 Increase ID deferred income Net cpsh floivs from operating aGtivLties CA8h nows from Invesllg a¢tlvltles lllt¢rEst r¢¢¢ivable and similar in¢ome Pur¢h4* of tallgibl¢ fixed assets Netcash flow5 from itivesting tiVItIe 31,913 76,788) Sl8 sio 49 14 49 Cash tl¢w& from funtIti8 a¢tiviti49 R£p4ymettt of loAns and borrowing8 Net inCr¢as&(decrefi) in ¢osh and cssh equivalents C&qh and casEL ¢quivaiettts at l July Cth cash equivvjents 30 JI 19 (12,A19) 568 19,102 156.070 176,171) 232.241 175,172 156,070 All of th¢ Et flow8 are dviv¢d frojn continuing op¢rations during th¢ above two periods. Thg notss on pag¢s 12 to 28 form att illte part of these fin8ucial statem¢nts. Pag¢ Ll
bmmaus >itat"lordshire P4otes to the Finall¢l#l Statements for the Ye4r Ended 30 June 2023 I Charity itiths The ch8rity is limited by Buarattte¢, in¢orpornted in ED8l&nd alld Wales, and WD5¢qu¢ntly does not hav¢ apital, Eacb of the kn8tee5 is liabl¢ to wDtrlbute an atttount llot ¢x£eeding £1 towards th¢ assets of tkn cEwity Sn tho ¢veTht of liquidation. Th¢ &ddress of its re8l5tsred officc is.. Sell&ts House Josiah Wed8wd Street Stoke Oll Trenl Staffs STI 5Wt 2 Af¢ouNthig policle5 SllmmoTV of slgnlt7can¢ aeeouDting policles and key aceountillg estim9te8 Thc principaL Ac¢ountiDg policie8 &ppli¢d in the prep8rntlon of these fin8Gla[ stat¢m¢n¢s gre set out below. These policies hav¢ k¢tt wnsistsntly 4ppli¢d to ail the years prcs¢ntci ukless Oth¢rwi8e stated. sthtemeD¢ of Compliance The fjnanciai stat¢m¢ttts hav¢ be¢D pr¢pared ill accordallcE WIIIL A¢¢ounting and Reptkrting by ChIti£'. Stat¢tllent of Re¢ommended Practice applicabl¢ to Gtwities pr¢paring their acwuttts in accordancc with the Finsncial Reportillg SlatLdard Applicabl¢ ID the UK alld Repub]i¢ of Ireland IFRS 102) (¢aective l January 2019)- {Charities SORP (FRS 102)). the Financi81 R¢poi'ling Standard p]I¢&ble itt tILe UK and R¢publiG of Ireland (FRS 1fr2). They also comply with the colnp1E ALt 2006 und cIlI1¢S Aot 2011. of prepiratio Ernmaus St&ffoTdshire meets the defulition of a publi¢ b¢nefit entity under FRS 102. Assets aDd liabilities are Initially recognised at histori¢&l wst or Lransaclion value unless oth¢rwi3e 8tsted in the r¢levant accountillg policy ttot¢s. Golng colloeiit The tsvytees conxidEr that there bre no material uncertaintits abo thr ¢knaritls ability to conliniie w • going coIicetn any 8AgrtificAllt art o(unG¢rtainty that aff¢¢t the ¢Ing vdu¢ of assets h¢ld by the ch4Tity. IDcome >d thdowments ALI income is recognised once t&e charity h$ ¢trtitlem¢nt lo the income, It i8 probtble that th¢ *ttcome will be reived arkd the atnoullt of the illcDme CeiVable can be measured reliably. Gropxv re¢avoble OT8nts are re¢tsBnised wheu the cllarity has an elltitlcmtnt to the fuThd8 aDd any condition8 linked to the have be¢n meL Wliero perfornwi¢¢ ¢onditions attached to the graTht 8JJd ar¢ yet to be Tllci th¢ iD¢om¢ is rKognised as a liability and included on the bBlarLce 8heet as d¢ferred income to be r¢leas¢ P88e 12
Emmaus Staffordjbirc 40ts to the Financial Statemellts for the Year Ended 30 Jvne 2023 (¢otttinued) Deferredh0Me Deferttd income represents amounts r¢ceiv¢d for future period5 attd is rel¢8$ to inc0mu r¢sour¢es in the perlod forwhich. it has been received. Such income is only d¢ferred Whe.. - The donor Sple6 that the grant or donation must ottly bo used in fvture accoulltitig p¢riods; or - The dotLQI inipoaa wndition& Jnu3t be met b¢focr thF ohtirity b uncondition41 OrrtitlttOllt. Expendlthre All ¢Ypenditure is recowused on¢¢ is A l¢gd or constructive obligation to expendsturA It is probdbl¢ settlern6tit is requid and the amount ¢8n be MeUred reliably. All ¢08ts are allocat¢d to the applicabl¢ exp¢nditure h¢aLling that agsr¢8ate sltllil costs to th&t GRt¢gory. Wh6r¢ costs c4rLnol b¢ directjy Attributed t particular h¢adings they hav¢ b¢¢n allocated on a basis COllSi8tsnt with the use of re5DurRs. witb central staff Costs a]loGated on the b&gis of tim¢ 8pcnt, and depreciation char8cs &llocat¢d on the portE(Fn of the ass¢t's us¢. Othot support COSLq are allted bgs¢d ou the 8pr¢8d of staff costs. These are costs itt¢urr¢d in attth8 voluntary income, th¢ management of invcsPJu¢nts and thos¢ illcurred in trading eGlivitiu that rrise funds. Chqrftoble ocllvEties Charitabl¢ expendikn comprises those costs iucurrgd by the cb8rity in the delivery of its activiti&% and $ervie¢8 for bencficirries. It includeA both cost5 tbllt tan be albc&ted directly to sllch aGtivitie5 and thos¢ ¢08ts of iodireGt nature n¢¢¢ssary to 3llPPOrtthem. Gov¢rnTrnce costs These include the costs attributabl¢ to the ch&rity's compliance with ¢onstitutioJ) and statutory rqllirement4 includittg audiL 5trakyc management and truste¢s nieetillgs and reimbursed expe. Government grants Govcmrnent grdnts ar¢ t¢¢)lI8ed based on the accnial model and are measured at th¢ fair vajue of the ttyset received or receivable. Grants &ro ¢1&85ifi¢d r¢latins ¢ither to revenue or to assets. GraDts relating to Teveou¢ recognised in ithcotne over the period in whÉ¢h the relatsd ¢osts ar¢ recogni8ed. Grallts r¢l&tillR to &55ets arr rewgDised ov¢r the expected use1 lifr of th¢ a88¢t. Wb¢re part of & grallt relating to &8sel is (kf¢rff<L it 15 re¢ogtsi3ed defrrred inconw. TAxatlon The clwity i8 nSIderEd to P&$8 the tests set out ill Paragraph I Schedule 6 of th¢ Finan¢¢ Act 2010 th¢refDr4 it meet8 thc definitioii of & chlbI¢ ¢ompany for UK corporation lax pllrposes. A¢eodJn8ly, th¢ ¢INiry 18 Potentially ¢xe]npt from tsxation in respect of irL¢OEnE or ¢apit818aitis rEc¢ived withith categori&8 coyersd by Ch4pt¢T 3 P8rt I l of the Corporntion TILX knt 2010 OT Section 256 of the Tstion of Chargeublt Gairts Act 1992, kn the extent tbat such inrome or gains ar¢ Applied exclusively to cbaritable purpose& Tanglbk fixed assets Individual Sxcd asscts Costing £500.00 or more are initially recorded at cosL les& any Subsequent awumulated d¢preGiatlon And 5ubsequert uMUlated Itnp&irment1055e8. Pag¢13
Eillwaus Slaffoi"dèliii"¢ Notes to the Fillan¢ial Statemellts for the Ye4r Ended 30 June 2023 (contittued) Depreciatlon amortlJAtlon Deprert&tion 18 provided on t8ngiblo fixod assets 80 as to lt0 off th¥ ¢ost or vuluatsoTh, less any e8tiffl4ted residud v8lue, llver their ¢xpgthd usEful DMi¢ lif¢ as followJ.' Asset class Computsrs Vehicles DtpreeiAtIoll method rats 20D/a strai8bt lint 2S% reducing bance Fli¢d Bjset inve%tmellts Fixed et Invegtment¥ other thatt progr2mrlle related investments, aT¢ includEd at market value at th¢ balan¢¢ sheet date. Realised gains 8nd losses oll iDvestmeDts &re ¢alculatEd as the di(f¢rence b?tweeJ sales profj¢¢ts and their mark¢t valuc at thc start of die yeot, or their subsequent ¢03L and are chaT8ed or ¢redited to the Statement of Financid A¢tivities itk the period of disposal. Unr¢alis¢d gains aud Ioss¢5 repr¢wit the mov¢rrtent ill tnErket %'alup$ durin8 the yeHT and aro ¢r¢dit¢d or charged to the Sratement of Financial Activitie8 b&sed Oll the mark¢t valu¢ At tlLe year end. Stock Stock is stated at th¢ lower of cost or'net realisjble vaIue' V) . Itstll5 held for distribiition at I or norm41 consideration are me&qurerd thc lower of replacement ¢ost and Cost. N¢1 r¢olisable value is tILe estimatsd $6llin8 pri¢¢ less ail estirllated costs of cottlpleuon ¢osts to be incurred In rttatk¢tin& s¢llill8 ond distribution. Trad¢ d¢btors Trade debtors are amounts due from ¢ugtom¢rs for merchandÈs¢ sold or services p¢rfomied in the ordinary ours¢ of business. Tradr d¢biots are recognised initilY at the transactioll pricE. Th¢y are subs¢queTrtly measured at amortised cost using the elTective illt6rt8t ethod, l¢ss provision fr>r impairmcllt. A proi'i5io0 fDr the iry?airnent of trnd¢ debtors ig ¢5t&blished when th¢re is objective evidenco titht the Charity Myll not be able tc> collect all mwits due rdillg to the Origin terms of the r¢ceivable8. C8$h gnd cash equlvalents C¥h alld cash equivaients comprise cayh on hand and call deposits, gnd other short-tern highlv liquid itivesttllent8 that are re8dily wnvertible to & ktEDWD amoullt of Gash and are subject to InsiglfiCl ri3k of ¢Iwi8e in Yalu¢. Page 14
mmau5 Srnffordshlre Notes to the Flnancl&L Statements for the Year EtLded 30 June 2023 (continlled) Tr&de Crl0 Trad¢ rr¢ditors are obli8ation$ to pay for 8ood8 or services that have b¢¢n acquired itt the ordiw ¢our5¢ of business from suppliers. A¢count8 payable are el&ssifi¢d a8 airrent liabilities if the charity do¢s oot have aft LillCDllditional right, at the end of th¢ r¢porting p¢riod, to defer settlem¢tit of thc creditor for at least twel mnnthg the teportittg d&te. If there is an LuiLx>nditional right to defer settictllent for at least tw¢lve months aller the reportitLg dRtE, they jre presented as noTh&¢urreth liabilities. Trnde creditors ar¢ recoblS¢d initially at the trgnsA¢tlon prioo wnd subsequetttly mM5UTed at 8mortis¢d wst usints th¢ ¢ff¢dive iDt¢rest nethod. Borrowings IntEt¢stJ)ring botTowings &r¢ Énitialty recorded at fAir Yu¢, net of trallsactiott ¢05ts. lThtsrest.be4ring bOaWingS are subsequ¢ntiy wried at amortised ¢osl with the differEn¢¢ betw¢en the pro¢eedy, net of trans110 ¢05ts, 8nd the amoiittt due on r¢d¢mptiou b¢in8 recognis¢d os a charge to tbc Stat¢tnent of Finmcia] Activities overthe perxod ofthe relevart botmwing. lrtt¢r¢8t expensc Is recoLs ou the bosis of tELe effectlve interest tllethod and 15 in¢luded in ishter¢8¢ payabl¢ and sith11 cbArge8. Borrowitw are Llajsified as current liabilities uules$ the cbgrity ILas all unwnditioll right to defer settl¢tn¢nt of the liability for at le&8t tt¥elvc months aft6rthe reporting date. Fulld 5tnicture Utw¢stricted income fynds are g¢n¢ral fulld$ that &vailabl¢ for use at the trll8te discretion irL furth¢r8nc¢ of th¢ objectives uf the Gharity. Rttl¢t¢d income fund8 those donated for in a particul are& or for 8pecifiG pwposes, the us¢ of whi¢h is rEStri¢ted tD that areaor purpo8e. Fionelal In5trument5 Clll&Flfic4rf0 Fill8ACiLI asscts alld fu(141 liabiliti¢8 are rewgnised whtn the charity bccom69 a p8rty to the Contractu provi8ioThs of th¢ instrument. Finan¢iai liabilities alld equity inbtrutllents ar¢ classified arGordinB to the substan¢¢ of the contractual alrnn8ements elltered illto. kn equity in8truThetLt j5 8ny GolltraGt that evidenc&% a residual inw&8t in the &ssets of the charity after dedtIng 211 of its liabibties. Page 15
Emmaus 5tatfordshlre Notes to the Flnancial Ststements for the Year Ended 30 June 2023 (eontinued) R¢cosAlrfoN qndmeusupem¢ht 11 fiDan¢ial a43ets and liabilitÉ¢s arE itlliialty measured tt transaction pri¢¢ lin¢ludin8 trSaction $ts), ex¢ept fDr th08¢ fiLtsttcial assets ¢lassifi¢d as at fair valu¢ throu8b profit or 1055, whicb are initially mea3UE¢d at fair value {which is normally th¢ transactioll price excluding trAllSfj¢tion ¢ostsl, ullIess th¢ aTran8em¢rtt Constitst & fin4n¢iug traLsaGtion. If arrangenient constitutes & fin8llcing tran$tIon, th6 finan¢iAi Set or fjnAn¢ial liability is mea5ur¢d at the present value ot th¢ paymettts diswullt¢d ai a llHrkEt vf tsL¥t¥¥L A 8imilu debt illstnynenL Fin8ncial assets and liabilttiey ar¢ only tsff8¢t in thc statemont of fjllallciaL position when, and only when there &xigts a legally enfore¢able rtght to set off the re¢ognised &mount8 and the ¢lwity irntendy ¢ith¢r to settle on a net basis, or to reaiise the asset Wld settle the li8bility slmultan¢ously. FI1&[ Sets are derecogni5ed when only when al tli¢ contrn¢tual right5 to th¢ cash flows from th¢ fiTr8ncilll asS¢t expirE or setti¢d, b) the charity tratt$fErs to another party substantially all of the risk5 8nd reward$ of OKerShip of the financi&l a5s¢1 or t) th¢ charity. despit¢ haNiDg r¢tainl some, but not all, st8nfiCt ri8ks and rewards of omttership. transferred control of the a55et to &llOth¢r party, Finallciaj liabllities arg derecognised oaty when the obligatio>tt spKifi¢d ill the etsnlract is di8clwrg¢d, cÉncelled or EXPiT¢S. 3 1n¢ome from donidoll8 legacies Unrertdctwj R¢strl¢¢ed fuDds Totsl 2023 Gellet&] Donatiorhs and logacios. I)onations frorn individua15 0[ts, includillg capital gr8nts' 8Yants GrAhts frorn other cb2rsties 24,354 24254 47,467 35,3 15 47,467 71,962 36,647 61,001 82,782 143.783 UDre5tricted ruDds Gtner91 Restrleted fullds Totsl 2022 Donotions and l¢gwie3' Dollations from individuRIs Grants, illcluding Capit 8rants,' Government grants Grants from oth¢r ChlU•S 1,554 1.554 40,070 40.070 46,751 88,375 3,100 4,654 83,721 Pa8¢ l6
Emmous StJf£otdshlv¢ Notes to the Financial StAtements for the Year Ended 30 Jutte 2023 (¢ontinued> 4 IncoThe from ¢haritabI£ g¢tiwitl&8 UllTe5tri¢ted runds General Totql 2023 Other tradlng 8¢tsvities 396,257 396,257 Unrestrlet¢d fundg Gener*1 2022 Other tr1ftg a¢tivitie4 328,98S 328,985 5 tDve5tnRnt IM¢om¢ Unr¢s¢rl¢ted funds G¢rnI Total 2023 Im¢rt8t receivthle gnd similgr iThcome,' lllt¢rttst receivable on batlk deposits 518 518 518 518 UDrestrl¢¢¢d nd8 GeDer81 Totsl 2022 Tnter¢st r¢¢¢ivable and similar income. Interest receivable oll b8nk deposits 49 49 49 49 Pase 17
Emmau5 Stsfford$hLre Notu to the Financial Statements for the Year Ended 30 Julle 2023 {eontinued} 6 Expendlthr¢ ory raisillg fulld8 4) cts of trading gctivs¢ies Unrestrlcted fuDd$ Ceneral Restrtcted fund5 Total 2023 Nots FundrdiSitLg trading costs. FUtr&I$]ng Co8ts of 8Dods Sold Legal fee5 MArketing atto publicity Depr¢¢iation. amortisati¢n othersinilar w$ts StAff Costs 08.678 68,841 4.663 8,656 108,678 108,341 9J26 8.656 39,500 4.663 2,652 67.495 2.652 113,655 46,160 236,998 Ik4310 351,308 urCrieted furlds General Restrltted fymds Total 2D22 Note Fundnisillg trading eosts,. Fundraisitig Costs of goods sold L¢gai fres Mtheting atsd publicity Deprcciation, amortisation and other sunilar costs Staff Costs 92,112 53,675 4.104 9,261 (47) 32,832 4,800 92.065 86.5Q? 9,261 3,536 40,660 3.536 114,750 74,090 233,942 8L,781 115,723 PaB¢ 18
I mmaw Stafford&hAr¢ Note8 to tbe FinattelAI Statements for the Yr Ended 30 June 2023 (continued) 7 Eipendlture tharhAble 9¢tivltleJ Artliity dettak¢n direttty 2023 Staff Depr¢¢iation Bank Charges Maintenallce, repain alld r¢tt¢w#is 107,455 Y22 1,450 14,813 2,086 16,805 7,410 5,820 3,673 4J41 2.984 4.677 898 193 393 107,455 922 1,450 14,813 2,086 16,805 7,410 5.820 3,6rJ 4,341 2,984 4.677 Rent ood rates Utilities attd Motoralld trdvcl ¢xpen5es Miscellatteous Markcting and publictty AoUnt1¢Y, bookk¢¢ping and payroll Legal 9J)d w)fessLOllal T¢l¢phone Loan Inter¢s¢ Di1¢$5 and Dffiee gupplie8 Computer runtting costs 193 393 - IJ 230 230 174,150 174,150 Page 19
MMAUS btattordshire Notes to the Financlal Statemtnts for the Year Ended 30 Jllne 2023 (colltlllued) A¢tlvlty undertaken dlrectty 2022 Siaff ¢0sts 105,079 1,4S5 1,818 11,884 1,777 14,523 5.753 5,750 2J83 4,045 2226 4,817 665 193 752 499 105,079 1,485 1,818 11,884 1,777 14,523 5,753 5.750 2,383 4,645 2,226 4,817 665 193 752 499 DweeiAtiDtL Bat)k Charges Mailltenattce, r¢pair5 8nd renewals tnsurance Rent attd Mtes utilities and wdsts Motor Attd travel upen8 Mi8c¢llaryeous Marketill8 8lld publicity Aw)wilancy. bookkc¢ping 8nd PV4>ToII L¢gal ond profe&8ional Telephone )an Interest Business And o£fi¢e suppli¢s CorApukr ¢osts 164,249 l64,249 £174,15012022 - £164,249) of the abov¢ expenditure ¥4ttributabl¢ to unrestricted fund$ and £Nil (2022- £Niil to re8tri¢ted fun¢ts. Page 20
Sthffordshire Not¢s to the Finallcial Staten)ents for the Yeir Ended 30 June 2023 (contlnued) S Governrn¢Dt Eronts The chlty rec¢ived £IO,00& (2022: £nil) from th¢ Natiott&i Lott¢ry. The charity reGeiYed 7,467{2022..£ 40,070} frorrL Stoke on Trcnt Ctty CouuGil. The amount of grallts recognised in the fJnatsGial 3tatemtllts was £47,467 (2022- £40.0701. Th¢tv sYvi¥ JJU uLLtiVL1b ai tli¢ y¢at ¢lld. 9 Net In¢omingloutgoiDg tesources Net M¢omin(OUtg0ill8j resourw for the yesr itt¢lude'. 2W23 2022 Deprc¢iatioll of fixed Ass¢ts 5.021 10 Tru5te¢s r¢mwieration and txpeDJey No trustee8, nor any penon8 connect¢d wlth thety have r¢¢¢iv¢d atty remuneration from th¢ ¢JJarity during the year. 11 Staff e05ts The ag8regate payroll (x)sts were 8$ follo.. 2023 2022 Stsff <osts durlng the year werE: Wag¢s alld 541arie8 Social security costs PensiaD costs 207.75 10,145 208,147 ,376 3.306 221,211 219,829 TtL¢ monthly ayerage Thurllber of persons lin¢luding senior management I leadetship team) etnployed by the clwity durin¥ y¢ur exprtS8¢d as full tinie equivalents follows-. 2023 L¥0 2022 No 10 Empioy¢¢s No employee r¢¢eiYed enwlwnonts of nor¢ £60,000 during thc ycar. The totsl employee bettcfits of the key ntho@geJnent personnel of thc ¢b4rtty were £65,857 (2022. £88,265). Page 21
Eu]illaus StaffoiY]shir¢ Not&8 to the Financi81 Statements for the Year Ended 30 June 2023 (continued) 12 Indep¢nd¢nt exitniller's remuneration 2023 21J22 Exatt)in4titM ofthè gtHteJnonly 2.148 2.047 13 T#Aati4 Th¢ charity is a regigtered rEIty and 15 th¢tOre exe4npt from i&xation. 14 Tanglble fixed ajsets Motor vehide5 Computer equipw¢ut Totsl C05t At l July 2022 Addttions 33,529 7.739 510 41268 510 At 30 Jutte 2023 8,249 41,778 Deprectsdo At l July 2022 Charg¢ for ih¢ year 22.921 2,652 6,026 28947 922 74 6,948 32,521 At 30 June 2023 25,573 rqet book vglue At 30 2023 7.956 iJoi 9.257 At 30 2022 10,608 1,713 12,321 Page 22
St*rroi'dsknii Notes to Ihe FinAn¢ial Stalemeuts for the Ye4r Ended 30 Jmtte 2023 (continued) 15 FL¥ed astret lttve8tllL•llts Othorinvertments InvtMentS TotAI Cwt or v£htiOn At l July 2022 At 30 June 2023 Net book value At 30 Jtsne 2023 At 30 lune 2022 The investttLeAt r¢pres¢uts lo of the ordin¥ry $har¢ capitsl of Ecostore {St&ffordshire) Ltd, a dormattt e<>mpany whose resistered office addre55 i5 S¢ttat¢ HLTrus¢. Josi&b Wedgwood Street, Stok¢ on Tr¢nl STI 5NS. The cotnpany pTrpares its own individual accounts wknch are not con501idat¢d irlto the accounts of Ewmav$ styffordshfft. 16 StDck 202) 2022 Finished goods 19.139 lQ.698 17 D¢btori 2023 2022 Tre debtor Pr¢p4ymenls VAT rewvcrable Other debtors 46967 23,651 3,219 31,608 26,674 12,8Q6 73,837 18 C8$h and ¢1sh equlyalellts 2023 2022 Ca81L on hand CHsh at bathk 2,803 172369 3,685 152,385 175,172 156 070 Pagt 23
Not¢8 to Éhe FinAncial Statemellts for th¢ Year Ended 30 Juno 21)23 (continued) 19 Crediton.. Amount$ fallirti due wlthltt one year 2023 1012 Trudo GreditDrg Oth¢r l(FaL5 Othcr tLY8tion atLd social security Other creditors Pension scheme creditor 22,349 6200 2,196 1.379 606 2,151 27,313 28,011 6,300 449 1048 Deferred incoitte 36,808 20 Creditors: 9mounts due after on¢ year 2023 2022 Other Ioolls 38,717 5l.536 21 ObllgAtitsM5 uuder le*sÈs hlre PUr¢h9 tQDtrA¢ts Thc total valu¢ of fufur¢ minimum1¢&8e p&yroents w&q ay follows.. 2023 21122 With1 on@ y¢ two to five years 43.750 43,750 43,750 43,750 87.500 Pase 24
Emmaus Stafford8hir¢ Notes to the Financial Statemellts for the Year Ended 30 June 2023 (comtinued) 22 Funds BAloJyce At I July 2022 ltteomlng resouTceJ Rource1 xpended B41qD¢e at 30 June 2023 Unreitriet¢d funds General G¢neAI 100,916 457.214 (411,148) 146,982 Restrieted David alld Ruth Lewis Ch1tble TnL9t Propety Fund Stoke otl Treknt City Coui¢il National Lottery Community Fund Stoke on Trtnt City Council Chambers of Commerc Staffs Community Foundation SOT CC Community Gran¢ Emm&us UK SOT CC Kecle Univ¢rgity 24,376 27,305 (22,724) 1,6S2 27,305 7.687 17.68T) 10,000 24,280 (10,0001 (24,2801 {8.8041 (11.2751 14,5001 (21940) {I,000) 2,100 8,804 11,275 4,500 21,940 i.000 2.100 457 457 Totsl Testrlcled fund¥ 60.942 82,782 114,310 29,414 Total fumdy 161,858 539.996 (525,4581 176,396 Page 25
Enhmau8 Stafford8hir¢ Notes to the Fiuancial Statements for the Year Ended 30 June 2023 (contillued) Bilftnce At I July 2021 Ine0Jllg resourc Re4oUt8 expended Bllauee gt JO June 2022 Uttrestrlcted tuuds Generni G¢nerai 165,4L9 333.688 (398,191) 100,916 Re8trlcted David and Rutb Ikwi8 aLaritable Tru8É Prop¢rty Fund Stafftsrd8hire CommuDity Fouod&tioll Stoke oh Treat City Council Ch2mbeT8 of Commcrc Staff8 Collunuttity FoundatiOD SOT CC ComtnuDity Gratlt Emmaus 1]K SOT CC 27,912 27.258 (3,536) 47 24,376 27,305 2.500 1,332 {2,5001 11,332) 114.092) (6,1251 (5,000) (14,173) (35,070 22.896 6.125 s,000 14,630 35,070 8.804 457 To¢AI rtstritted fllnd5 59,002 60,942 Total fwids 224,421 479,972 161,858 Page 26
mmaus 8tafford8hlr¢ Notes to the Financial Statements for the Year Ended 30 June 2023 (Colltinued) The specific purpos for thich tILe fidS or¢ to b¢ applied are follows.. The David Bj Ruth Lewi3 Charitabl¢ Trnst funding is 4 8Tallt l&%ued towards the purchase of three vans. The vehiGlrs in question ar6 d6pr¢¢iat¢d annu8lly and the fimd bu1 18 reduGed by atnount quivalent to the y8 cbarse. Tb¢ Property FurLd És Set up to raise money ts)wardy the pttrchL8e of a propetty suitabl¢ for a new Emmaus Comrttunity. It LUGlud donations from Emmau$ trrgani8atioos itt Si Alban8. Pr¢ston alld Mossl¢y, alotts with funding from The National L4)tt¢ry Corotnwty Fund. Stok¢ on Trollt City Council gave u8 4 wt for £4,500 to provide ¢m¢rgeLcy cases with ft¢w whitc go(xqs in 2Q22. Chatubrr8 of CommercE £22,896 to fund a kickstart saiaryl20221. qtaffs Community Foui)d&tioiL £6,125 ESF funding to Cover the yd8ry of woodwol< studio lead (202218nd 4 futth¢T £11,275 in 2Q2V23. Stok¢ on Trentcity Coiin¢il £5,000 to cover the 8a]ary of th¢ Volullte¢r Co.ordiThAtor from J2Th to Maroh 2022. Bmmau8 UK £14.629.92 fullding to cover the $8lary & &8so¢iat¢d co&ts of a new mle of eBay onlin¢ sales lead and a furth¢r £21,940 in 2022123. Stoke on Trejts Clty Council £35,070 grants towards Lte goods and packages and a fvrther £7,687 in Apnl 2023. TheNatiotLal Lott¢ry Community Fund gave us a grallt of £10,000 towrds our vvluttteer eost8. Stoke on fr¢ntCity CounGiI save £24,280 for A cbanging futures grant. Stoke fi¢nt City CoLmciI gave £1,000 for train¢¢ships. Keele University gav¢ £2,100 for 4 Th¢dirlll siud¢ll¢ plo¢ewetLts. Pa&¢ 27
Emmaua Slafford8hir¢ Notes to the Fillancial Statements tor.the Year Ended 30 June 2023 (contillued) 23 Analysis of net asset$ behvettt fund$ Unrejtiacted funds Gen¢r41 Totsl funth at 30 Jun¢ 2023 Restricted fund8 Tangible fixed Sets Fixed ass¢t illvwtmeuts 1,302 7,955 9257 246,689 162,294) 38.71 2l,4q9 268,148 162,2941 38,717 CuTre4rt liabiliti¢s Creditors ovEr l year TotaI ll¢t assets 146.982 176,396 Ullr¢8¢rl¢ted fuDdy CeTLeral TotAI funds at 30 Jllne 2022 R&8tricted fuELds Tallgible fixed fiss¢t8 Fixed as8et investsnents Cutmt setS Cutrcnt Jiabiliti¢s Cr>litDr5 over l y¢aT 1.712 10,609 12,321 187,546 (36,808) 51.536 50,353 237.879 136,808) 51,536 161,858 Total gts 100,916 60.942 24 RplAt¢d p*rty trgllS9etionB There w¢r¢ no r¢lat¢d paty traDsa¢tionB in the year. Page 28