Charity registration number 1136584
Company registration number 07276977 (England and Wales)
EMMAUS NORFOLK AND WAVENEY
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
EMMAUS NORFOLK AND WAVENEY
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs Paula Boyce
Mr Christopher Brown
Mr Peter Coe
Mr David Daynes
Mr Godfrey Kaye
Mr Alfred Pinnington
Mr Simon Theobald
Mr N Watts
(Appointed 29 July 2023)
M Cubitt
(Appointed 16 November 2023)
J Foster
(Appointed 16 November 2023)
S Johnson
(Appointed 8 November 2023)
Charity number
1136584
Company number
07276977
Registered office
Belsey Bridge Road
Ditchingham
BUNGAY
Suffolk
United Kingdom
NR35 2DT
Independent examiner
Argents Accountants Limited
15 Palace Street
NORWICH
Norfolk
United Kingdom
NR3 1RT
EMMAUS NORFOLK AND WAVENEY
CONTENTS
Page
Trustees' report
1 - 3
Independent examiner's report
4
Statement of financial activities
5
Balance sheet
6 - 7
Statement of cash flows
8
Notes to the financial statements
9 - 21
EMMAUS NORFOLK AND WAVENEY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 JUNE 2023
- 1 -

The trustees present their annual report and financial statements for the year ended 30 June 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

The charity's objects are specifically restricted to the alleviation and relief of poverty, hardship and distress arising there from in conformance with the principles of the Emmaus movement.

 

In achieving those objectives during the year, the charity has continued to develop and improve the community accommodation and develop the social enterprise activity to generate income to support that community. The charity leases a significant property from the Community of All Hallows which it has continued to develop in order to increase the number of companions who may be housed in the community and allow the social enterprise to be expanded to make the community self-sufficient.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Future Plans

Our plans for the next stage of the community’s development are both impactful and ambitious. At the time of writing this report, we are just starting the building work to renovate and refurbish the old refectory. This will be transformed into a shared dining room where our Companions can dine with the local community and our customers who have travelled from further afield and which we can make available to other groups who would benefit from having somewhere to meet. This is part of our strategy to make the Ditchingham site into a destination centre. This work is scheduled to be completed by Spring 2024.

 

We are also continuing with our plans to turn the upstairs of Abbe Pierre house, which in the past provided the convent bedrooms (cells), into a unique 23-bedroom B&B. This will serve the many walkers and cyclists who are undertaking the walking and cycling trails that are adjacent to the site including the pilgrims trail, the Via Beata. We hope to be able to complete this work by the end of 2025.

 

We also intend to extend the community accommodation to provide for companions with a wide range of support needs including a women’s only facility and intermediate accommodation for those companions who wish to progress their lives outside of the community and fulfil their aspirations and ambitions for the future. We look forward to making tangible steps towards this in 2024.

 

These plans represent a huge undertaking and will require a concerted effort from our team of staff and trustees, whilst working closely with the Community of All Hallows and other partners. We are continuing to actively fundraise towards these projects through a variety of means and are planning a major fundraising event with Emmaus UK and other Emmaus Communities late summer 2024 that will highlight the causes and reasons for homelessness across the UK and what we can all do about it.

 

These projects will also allow us to extend our social enterprises to support us to offer a home, for as long as it is needed, to a broader range and greater number of formerly homeless people, as well as increasing the breadth and range of work skills and experience we can offer our companions and, at the same time,increasing the level and depth of individualised support we can provide.

EMMAUS NORFOLK AND WAVENEY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -

Threats & Future

The greatest threat to our future is the continuing economic uncertainty, as we continue to adjust to the new realities of life following the COVID pandemic and the turmoil caused by other events, both domestically and around the world that have increased our costs significantly across all our activities. The charity has therefore focused on tight cost controls and working smarter without compromising our charitable objectives.

 

The last year has been one of re-assessment as to how quickly we can move forward and the effectiveness of our capital commitments. We have also worked hard to ensure that our social enterprises are operating as effectively and efficiently as possible to support the charity’s ongoing financial needs,whilst developing a solid platform for the future and setting in motion plans to diversify into related social enterprises.

 

Financial review

Overall, the charity planned a balanced budget to rebuild the business and prepare for investment inrefurbished buildings and diversifying our social enterprises which we have achieved. Unrestricted fundsincreased by £11,123 for the year.

 

Income

This was a busy, but successful year, with unrestricted income rising to £891,914 which included charitable income of £350,347 reflecting the occupancy of the community. The income from our social enterprises was £489,483. Donations and grants were £65,183 and other income £24,665.

 

Expenditure

Trading costs decreased to £292,425 continuing to reflect the need to purchase white goods and some furniture to supplement donated goods in meeting NAS requirements. Charitable activities expenditure was £589,715 reflecting increased companion numbers and support. The cost of generating voluntary income rose to £22,747 reflecting the effort to raise funds for investment in future projects and the buildings.

Reserves Policy

The Board have agreed that the minimum level of reserves that must be maintained is the equivalent of three month’s operating expenditure. This is reviewed annually to ensure it remains appropriate.

In addition, the Board may designate funds where there is a particular risk or cost.

Donations and grants for specific items, expenses or activities are treated as restricted funds and used only for the specific purposes for which they were received.

Reserves

 

Our reserves stand at £893287 at the 30th June 2023. Within this our balance sheet shows that we had£566637 of net current assets of which £428258 was deferred income made up of Garfield Weston grant restricted for work on Abbe Pierre House (APH) and £53070 restricted for work on completion of rooms for B&B in APH. The balance of reserves represents fixed assets.

Risk Management

The charity acknowledges the Charity Commission’s recommendation for them to undertake a review of the major risks to which the charity is exposed. The Trustees recognise their duty and the risks faced by the charity are reviewed on an ongoing basis and they will continue to do so in the future.

EMMAUS NORFOLK AND WAVENEY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
Structure, governance and management

The organisation is a charitable company limited by guarantee, incorporated in 8 June 2010 and registered as a charity on 24 June 2010.

The charity is directed by the Board of Trustees and governed by its Memorandum and Articles of Association. The trustees are directors for the purposes of company law and serve terms of three years, after which they may offer themselves for re-election, subject to approval at the charity’s annual general meeting.

Trustees are appointed from the membership of the charity which, in accordance with the Articles of Association, is open to any individual who is interested in furthering the charity’s work.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

 

Mrs Paula Boyce
Mr Christopher Brown
Mr Peter Coe
Mr David Daynes
Mr Selwyn Image
(Resigned 24 September 2023)
Mr Godfrey Kaye
Mr Alfred Pinnington
Mr Simon Theobald
Mr J Hamill
(Resigned 6 September 2022)
Mrs A Stekly
(Resigned 26 August 2023)
Ms H Cheshire
(Resigned 26 September 2023)
Mr N Watts
(Appointed 29 July 2023)
M Cubitt
(Appointed 16 November 2023)
J Foster
(Appointed 16 November 2023)
S Johnson
(Appointed 8 November 2023)

Organisational structure

The charity is led by the Board of Trustees, supported by separate sub groups within the Board structure, each of which focuses on specific areas of the overall operation of the organisation. Each one of these Working Groups is made up of Board members, a key member or members of staff and one or more companions. There are four Working Groups: Community, Finance, Business, and Development and Property.

Emmaus UK

The charity is a member of Emmaus UK, a federation of Emmaus communities within the UK, who are also a member of the charity. The charity is also a member of Emmaus International which links the Emmaus communities across the globe.

The trustees' report was approved by the Board of Trustees.

Mr Simon Theobald
Chair of Trustees
Dated: 15 December 2023
EMMAUS NORFOLK AND WAVENEY
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF EMMAUS NORFOLK AND WAVENEY
- 4 -

I report to the trustees on my examination of the financial statements of Emmaus Norfolk and Waveney (the charity) for the year ended 30 June 2023.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Mark Johnstone FCA

Argents Accountants Limited
15 Palace Street
NORWICH
Norfolk
NR3 1RT
United Kingdom
Dated: 22 December 2023
EMMAUS NORFOLK AND WAVENEY
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2023
- 5 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2023
2023
2023
2022
2022
2022
Notes
£
£
£
£
£
£
Income and endowments from:
Donations and legacies
3
27,419
37,764
65,183
28,550
15,396
43,946
Charitable activities
4
350,347
6,024
356,371
287,022
-
287,022
Other trading activities
5
489,483
-
489,483
470,383
-
470,383
Other income
6
24,665
-
24,665
-
-
-
Total income
891,914
43,788
935,702
785,955
15,396
801,351
Expenditure on:
Raising funds
Fundraising and publicity
7
22,747
-
22,747
14,979
-
14,979
Trading costs
7
292,425
-
292,425
332,802
-
332,802
315,172
-
315,172
347,781
-
347,781
Charitable activities
8
564,555
25,160
589,715
520,973
24,426
545,399
Other
12
1,064
-
1,064
-
-
-
Total resources expended
880,791
25,160
905,951
868,754
24,426
893,180
Gross transfers between funds
-
-
-
10,124
(10,124)
-
Net income/(expenditure) for the year/
Net movement in funds
11,123
18,628
29,751
(72,675)
(19,154)
(91,829)
Fund balances at 1 July 2022
840,347
23,189
863,536
913,022
42,343
955,365
Fund balances at 30 June 2023
851,470
41,817
893,287
840,347
23,189
863,536

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
EMMAUS NORFOLK AND WAVENEY
BALANCE SHEET
AS AT
30 JUNE 2023
30 June 2023
- 6 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
14
754,908
733,755
Current assets
Stocks
15
18,363
18,410
Debtors
16
97,676
37,860
Cash at bank and in hand
483,950
257,556
599,989
313,826
Creditors: amounts falling due within one year
17
(33,352)
(24,711)
Net current assets
566,637
289,115
Total assets less current liabilities
1,321,545
1,022,870
Creditors: amounts falling due after more than one year
18
(428,258)
(159,334)
Net assets
893,287
863,536
Income funds
Restricted funds
20
41,817
23,189
Unrestricted funds
Designated funds
21
65,373
143,643
General unrestricted funds
786,097
696,704
851,470
840,347
893,287
863,536
EMMAUS NORFOLK AND WAVENEY
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2023
30 June 2023
- 7 -

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 15 December 2023
Mr Simon Theobald
Chair of Trustees
Company registration number 07276977
EMMAUS NORFOLK AND WAVENEY
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2023
- 8 -
2023
2022
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
24
317,100
11,538
Investing activities
Purchase of tangible fixed assets
(90,706)
(89,214)
Net cash used in investing activities
(90,706)
(89,214)
Net cash used in financing activities
-
-
Net increase/(decrease) in cash and cash equivalents
226,394
(77,676)
Cash and cash equivalents at beginning of year
257,556
335,232
Cash and cash equivalents at end of year
483,950
257,556
EMMAUS NORFOLK AND WAVENEY
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 9 -
1
Accounting policies
Charity information

Emmaus Norfolk and Waveney is a private company limited by guarantee incorporated in England and Wales. The registered office is Belsey Bridge Road, Ditchingham, BUNGAY, Suffolk, NR35 2DT, United Kingdom.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.5
Expenditure

Expenditure is accounted for on an accruals basis and has been classified under headings that

aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

EMMAUS NORFOLK AND WAVENEY
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 10 -
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
over the period of the lease
Plant and equipment
20% on cost
Motor vehicles
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

EMMAUS NORFOLK AND WAVENEY
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 11 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

EMMAUS NORFOLK AND WAVENEY
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 12 -
3
Donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2023
2023
2023
2022
2022
2022
£
£
£
£
£
£
Donations and gifts
27,419
15,000
42,419
28,550
2,310
30,860

Grants

-
22,764
22,764
-
13,086
13,086
27,419
37,764
65,183
28,550
15,396
43,946
Grants receivable for core activities
Empty Homes Grant
-
22,764
22,764
-
-
-
Abbe Pierre House Grants
-
-
-
-
10,000
10,000
Other
-
-
-
-
3,086
3,086
-
22,764
22,764
-
13,086
13,086
EMMAUS NORFOLK AND WAVENEY
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 13 -
4
Charitable activities

Community project

Community project

2023
2022
£
£

Community companion support

356,371
287,022
Analysis by fund
Unrestricted funds
350,347
287,022
Restricted funds
6,024
-
356,371
287,022
5
Other trading activities
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Shop income
441,705
451,339

Café income

47,778
19,044
Other trading activities
489,483
470,383
6
Other income
Unrestricted
Total
funds
2023
2022
£
£

Insurance claim

24,665
-
7
Raising funds
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Fundraising and publicity
Other fundraising costs
22,747
14,979
EMMAUS NORFOLK AND WAVENEY
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
7
Raising funds
(Continued)
- 14 -
Trading costs

Shop operating costs

156,249
203,181

Café operating costs

30,805
28,913
Staff costs
89,885
89,234
Support costs
15,486
11,474
Trading costs
292,425
332,802
315,172
347,781
8
Charitable activities

Community project

Community project

2023
2022
£
£
Staff costs
213,820
187,748

Companion allowances

151,094
145,091

Property costs

113,218
91,162

Forge running costs

-
3,009

Vehicle and travel costs

13,940
9,822
492,072
436,832
Share of support costs (see note 9)
92,290
101,266
Share of governance costs (see note 9)
5,353
7,301
589,715
545,399
Analysis by fund
Unrestricted funds
564,555
520,973
Restricted funds
25,160
24,426
589,715
545,399
EMMAUS NORFOLK AND WAVENEY
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 15 -
9
Support costs
Support costs
Governance costs
2023
Support costs
Governance costs
2022
£
£
£
£
£
£
Depreciation
68,486
-
68,486
63,691
-
63,691

Office costs

20,759
-
20,759
30,964
-
30,964

Advertising and PR

10,504
-
10,504
4,869
-
4,869

Sundry

7,525
-
7,525
8,086
-
8,086
Accountancy
-
2,825
2,825
-
2,688
2,688
Legal and professional
-
3,030
3,030
-
9,743
9,743
107,274
5,855
113,129
107,610
12,431
120,041
Analysed between
Trading
14,984
502
15,486
6,344
5,130
11,474
Charitable activities
92,290
5,353
97,643
101,266
7,301
108,567
107,274
5,855
113,129
107,610
12,431
120,041
10
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
11
Employees

The average monthly number of employees during the year was:

2023
2022
Number
Number
General
4
6
Trading
6
6
Total
10
12
Employment costs
2023
2022
£
£
Wages and salaries
303,705
276,982
There were no employees whose annual remuneration was more than £60,000.
EMMAUS NORFOLK AND WAVENEY
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 16 -
12
Other
Unrestricted
Total
funds
2023
2022
£
£
Net loss on disposal of tangible fixed assets
1,064
-
1,064
-
13
Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

14
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 July 2022
934,276
60,290
40,099
1,034,665
Additions
80,040
6,399
4,267
90,706
Disposals
-
(1,400)
-
(1,400)
At 30 June 2023
1,014,316
65,289
44,366
1,123,971
Depreciation and impairment
At 1 July 2022
246,025
22,646
32,242
300,913
Depreciation charged in the year
50,717
12,249
5,520
68,486
Eliminated in respect of disposals
-
(336)
-
(336)
At 30 June 2023
296,742
34,559
37,762
369,063
Carrying amount
At 30 June 2023
717,574
30,730
6,604
754,908
At 30 June 2022
688,251
37,647
7,857
733,755
15
Stocks
2023
2022
£
£
Finished goods and goods for resale
18,363
18,410
EMMAUS NORFOLK AND WAVENEY
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 17 -
16
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
31,724
14,160
Other debtors
30,229
23,700
Prepayments and accrued income
35,723
-
97,676
37,860
17
Creditors: amounts falling due within one year
2023
2022
Notes
£
£
Other taxation and social security
-
4,911
Deferred income
19
11,382
-
Trade creditors
3,301
1,599
Other creditors
13,400
15,275
Accruals
5,269
2,926
33,352
24,711
18
Creditors: amounts falling due after more than one year
2023
2022
Notes
£
£
Deferred income
19
428,258
159,334
19
Deferred income
2023
2022
£
£
Arising from government grants
136,570
159,334
Other deferred income
303,070
-
439,640
159,334

The deferred government grant is the balance of the Empty Homes Grant received by the Charity and still to be released over the terms of the lease of the property to which it relates.

Other deferred income is included in the financial statements as follows:

EMMAUS NORFOLK AND WAVENEY
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
19
Deferred income
(Continued)
- 18 -
2023
2022
£
£
Deferred income is included within:
Current liabilities
11,382
-
Non-current liabilities
428,258
159,334
439,640
159,334
Movements in the year:
Deferred income at 1 July 2022
159,334
159,334
Released from previous periods
(22,764)
-
Resources deferred in the year
303,070
-
Deferred income at 30 June 2023
439,640
159,334
EMMAUS NORFOLK AND WAVENEY
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 19 -
20
Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
Movement in funds
Movement in funds
Balance at
1 July 2021
Incoming resources
Resources expended
Transfers
Balance at
1 July 2022
Incoming resources
Resources expended
Balance at
30 June 2023
£
£
£
£
£
£
£
£
Capital Grant Fund
-
-
-
-
-
22,764
(22,764)
-
Emmaus House Building Fund
15,000
-
(15,616)
616
-
-
-
-
Old Orchard Forge Fund
2,000
1,173
(3,008)
1,835
-
-
-
-
Other Restricted Fund
25,343
4,223
(5,802)
(12,575)
10,380
10,000
-
20,380
APH Development Fund
-
10,000
-
-
10,000
5,000
-
15,000
PIP funds
-
-
-
-
2,809
6,024
(2,396)
6,437
42,343
15,396
(24,426)
(10,124)
23,189
43,788
(25,160)
41,817
EMMAUS NORFOLK AND WAVENEY
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 20 -
21
Designated funds
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
Movement in funds
Balance at
1 July 2021
Transfers
Balance at
1 July 2022
Incoming resources
Resources expended
Transfers
Balance at
30 June 2023
£
£
£
£
£
£
£
Community Car Fund
13,985
-
13,985
-
-
(4,267)
9,718
Community Fund
6,640
-
6,640
-
-
-
6,640
Development Fund
124,349
(59,331)
65,018
-
-
(80,040)
(15,022)
Sinking Fund
58,000
-
58,000
-
-
-
58,000
Burglary insurance claim
-
-
-
8,772
(4,455)
(4,153)
164
Fire insurance claim
-
-
-
15,894
(8,714)
(1,307)
5,873
202,974
(59,331)
143,643
24,666
(13,169)
(89,767)
65,373
22
Analysis of net assets between funds
Unrestricted funds
Restricted funds
Total
Unrestricted funds
Restricted funds
Total
2023
2023
2023
2022
2022
2022
£
£
£
£
£
£
Fund balances at 30 June 2023 are represented by:
Tangible assets
754,908
-
754,908
733,755
-
733,755
Current assets/(liabilities)
96,562
470,075
566,637
289,115
-
289,115
Long term liabilities
-
(428,258)
(428,258)
(159,334)
-
(159,334)
851,470
41,817
893,287
863,536
-
863,536
23
Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

EMMAUS NORFOLK AND WAVENEY
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 21 -
24
Cash generated from operations
2023
2022
£
£
Surplus/(deficit) for the year
29,751
(91,829)
Adjustments for:
Loss on disposal of tangible fixed assets
1,067
-
Depreciation and impairment of tangible fixed assets
68,486
63,691
Movements in working capital:
Decrease in stocks
47
3,707
(Increase)/decrease in debtors
(59,816)
28,936
(Decrease)/increase in creditors
(2,741)
7,033
Increase in deferred income
280,306
-
Cash generated from operations
317,100
11,538
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