Charity registration number 1073677
Company registration number 03643570 (England and Wales)
Emmaus Preston
Annual Report and Unaudited Financial Statements
For The Year Ended 30 June 2024
EMMAUS PRESTON
Emmaus Preston
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
John J R Dean
Nicholas N J Edwards
James J A Caldwell
Michael M G Conlon
Kathleen K C Derbyshire
Philip P R Leeming
Dorothy D J Mein
Simon S Parker
Jeremy J J Rawkins
John J Swindells
K H Widdicks
S Buchanan
Secretary
J R Dean
N J Edwards
Charity number
1073677
Company number
03643570
Registered office
The Birches
165 Ribbleton Lane
Preston
Lancashire
United Kingdom
PR1 5ST
Independent examiner
Azets
Floor 1, Capital House
8 Pittman Court, Pittman Way
Fulwood
Preston
Lancashire
United Kingdom
PR2 9ZG
EMMAUS PRESTON
Emmaus Preston
CONTENTS
Page
Trustees' report
1 - 4
Independent examiner's report
5
Statement of financial activities
6
Balance sheet
7 - 8
Statement of cash flows
9
Notes to the financial statements
10 - 20
EMMAUS PRESTON
Emmaus Preston
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 JUNE 2024
- 1 -

The trustees present their annual report and financial statements for the year ended 30 June 2024.

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

Objectives and aims

Emmaus Preston provides a home, work training and development for people who have been homeless or socially excluded.

 

People who become homeless do so for a variety of complex reasons. Many of the community members have slept rough. Emmaus offers stability, companionship, support and security for people to rebuild their lives. Accommodation is available for up to 50 people in the two Community Homes in Preston and Burnley.

 

The Community is fully inclusive. Companions are encouraged to play an active role in the day to day running of the Community.

 

Public benefit

Emmaus Preston works for the public benefit through its work delivering a range of education, enablement and support services for people who have been homeless or socially excluded.

 

The Trustees have complied with their duty to note and pay due regard to public benefit guidance published by The Charity Commission. The Trustees are committed to ensuring the Charity remains responsive to, and respectful of, the diverse needs of those they help and the local community, enabling Companions to pursue ordinary lives and achieve their full potential.

Achievements and performance

Emmaus in Lancashire

No two years in Emmaus are ever the same and this has been a year of highs, lows, change and lots and lots of hard work by the whole Community.

 

This was a year of Companion success with the most Companions we have moved on positively since we opened but coupled with five months of very high energy costs which we were already aware of in our contract and new shops and changing retail spaces not being able to generate the level of income of the previous shops and spaces, it has been a challenging year financially.

 

Companions

We have up to 50 ensuite rooms’ available in our two premises in Preston and Burnley for people who were formerly homeless. Companions sign off work-based benefits and support the community by selling items in our shops, collecting and delivering items on our vans, working within the community to keep the building functioning and answering our phones to customers. The income from the shops supports our communities directly and pays towards their support and training, food, energy bills and more. The roles Companions play give them a sense of belonging, training, work experience and most of all structure and a sense of achievement.

 

This year the Companions and staff have worked harder than ever, not just with the day to day running of their community and shops but moving shops – three times in under a year!

 

Training has continued to be a big part of daily life in our communities with Companions having driving lessons, gaining City and Guilds qualifications in house as well as external training and even attending College a few days weekly over the year and into the next to do an Electricians course. For some these are the first formal qualifications they have ever had and for others this is the pathway into employment and move on.

 

EMMAUS PRESTON
Emmaus Preston
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -

This year we have seen lots of positive Companion move on including people who had been with us over two years. Some of these were reunited with family members, or met a new partner, some into their own supported living, some into their own homes and many of those into paid employment. In fact in the twelve months seventeen Companions have moved on into employment and their own home which is fantastic and testament to the work done by the skilled support team in Preston and Burnley headed by Karen Wallis. We had over 200 hours per week of support with five paid staff which meant we could offer far more to our Companions. One Companion moving on who needed extra daily help was supported, in conjunction with Social Services, to get funding and employ a personal assistant to help with some daily tasks allowing her to live independently.

 

A big part of our support offer is basing our Companion Development Workers within our stores and seeing the work Companions do on a daily basis. Supporting them on the shop floor breaks down barriers and increases trust which can never be gained sat across a desk in an office typing at a computer. The downside, as we have mentioned previously, of moving so many people on is low Companion numbers within the two buildings. This impacts on running stores, income from housing benefit and indeed moral at times when people are covering others roles. The measure of success is not how full you are in your houses but how many you can support positively and see move on wherever possible. Our levels of support were high but at times we were so low on numbers, after moving people on, that we could almost offer seven to ten hours a week direct support to each Companion. Whilst this level support was fantastic and we made a conscious choice to use some financial reserves to sustain this level of support this year, our income levels with new shops not reaching the incomes of previous shops and low occupancy due to success of moving people on thus low housing benefit income, means this level of support will be unsustainable in the long term.

 

Business

We left our big 47,000 square foot Megastore, former B and Q, in Preston which had been our home since July 2016 at the end of June 2023 and began a new retail story in the former shoe store in Lowthian House Preston alongside Iceland. Unfortunately, as we knew last year it did not match our desires for size, location, and car parking. The issues with the store were compounded when the link alleyway between the main shopping area and Ringway, where the buses stop, was closed for safety reasons. This closure came in a week before we were due to open and meant no access to our side doors for customers and no footfall through the alleyway into town. This closure will be in place until November 2024 and has impacted both ourselves and Iceland’s trading. We had predicted trading to be two thirds of the old B and Q but in fact it has only been a third. We have searched hard for more suitable premises and met with Landlords and Agents but due to various factors we haven’t secured a better deal. We have seen a slight increase in trade in our two other stores in Preston town centre but nowhere near enough to meet the shortfall left from our Megastore.

 

In Rochdale we had even more work to do and genuinely the team performed miracles! In September we found out that the ground floor of our three floor 63,000 square foot Department Store had been sold and that the escalators between ground and first floor would need to be removed and we would have to vacate. Fortunately, our Landlords in Rochdale, The Martin Property Group, had kindly offered us a single floor former Boots and whilst not the same trading size space, still a very large single trading floor and large warehouse unit. The issue we had is we had just one week to move over and restart in the new store. This meant Companions from both Preston and Burnley getting stuck in daily and nightly till late on two shifts to move a gargantuan amount of furniture, white goods, small electricals, and lots of other items. The move was tough but the new store looked great and we started to trade ok into Christmas, albeit this is always our low trading point as people buy presents not furniture. On return after Christmas at the beginning January 2024, we knew the Rochdale Exchange had once again been sold and our new Landlord gave us notice on this former Boots store, we had just moved into a few months previous. We managed to negotiate a move back into the middle and upper floors of our old Department Store, but with ground floor, warehouse including vehicle access sold off it meant we had to use the upper floor for warehousing and to get our deliveries in and out, to make matters worse the only vehicle we could use was a medium high van which we didn’t have. So once again for the second time in four months and the third time in under a year we had to move an entire huge furniture and white goods store and once again within just a week and buy a suitable van.

 

Whilst we have lost trading weeks with moves, the largest issue is the reduction in floor trading space as we have moved from 122,000 square feet of trading floor space across all stores in Preston and Rochdale to just 42,000 square feet across all stores. Space means more stock, means more choice and the ability to match customer needs and more chance of a sale. We need to find additional or larger units, look at other income streams and ensure we manage our costs to meet our new level of income.

 

EMMAUS PRESTON
Emmaus Preston
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -

Finally

A challenging year but one where everyone has given even more to Emmaus. Thanks to my fellow Trustees, the Staff team, our Volunteers, and our Companions who make the two houses across Lancashire one Community.

 

Thanks to our supporters who support us weekly, as you make a huge difference from fundraising within businesses or individually, to donating food, donating furniture and indeed choosing to buy off us. I hope reading this will let you see just what a change you make to people who are formerly homeless and help to be part of giving people a home. I must especially mention Paul Clarke at Cadent Gas who has fundraised with Cadent in many ways including being on the Turf Sleepout but also brought his team out with us on our Outreach at night supporting rough sleepers and the team to tidy up the rooms and gardens at Emmaus House. We need Businesses to support us now more than ever.

 

The Companions ARE the community, and whilst we as a Board with the staff have made decisions to reduce our costs, we will always ensure they are at the forefront of our minds in all decision making.

Financial review

Financial position

Income from the retail outlets has decreased to £440,970 (2023: £687,155).

 

The furnishing scheme assisted a smaller number of companions, and income decreased to £114,399 (2023: £152,524).

 

Housing benefit payments increased to £262,490 (2023: £252,414) which reflects both the increase in Companion numbers and an increase in the level of housing benefit.

 

Grants received totalled £1,812 (2023: £7,160) and donations and gifts received totalled £30,890 (2023: £37,941).

 

The net movement in funds was a reduction of £188,547 (2023: £178,303), and total funds at 30 June 2024 were £964,689 (2023: £1,153,236).

Reserves policy

The reserve policy is kept under review by trustees.

 

In line with advice from Emmaus UK we hold at least the equivalent of three months costs in reserves to cover overheads in event of closure.

 

The free reserves of the charity are £474,402.

 

 

 

 

 

 

EMMAUS PRESTON
Emmaus Preston
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
Structure, governance and management

Governing document

The Charity was incorporated as a company limited by guarantee on 2 October 1998. The company's Memorandum of Association established its objectives and powers and it is governed under its Articles of Association. The directors of Emmaus Preston are also the Trustees for the purpose of Charity law. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.

 

Induction and training of new trustees

Each new Trustee is briefed about the Community, their legal responsibilities and ethical responsibilities and an induction programme is in place which includes visiting other communities and attending an Emmaus UK Federation induction day. Periodic appraisals are undertaken of trustee's skills and suitable training is offered.

 

Related parties

Emmaus Preston is a member of the Emmaus Federation in the UK. Emmaus UK is a federation of all the Emmaus Groups and Communities in the UK.

 

Emmaus Preston's Chair, a Director and the Community manager participate in Federation peer group meetings where best practice is shared. Emmaus Preston receives support from the Federation staff on recruitment, training, publicity, policy development, best practice and fund raising.

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:

 

John J R Dean
Nicholas N J Edwards
James J A Caldwell
Michael M G Conlon
Kathleen K C Derbyshire
Philip P R Leeming
Dorothy D J Mein
Simon S Parker
Jeremy J J Rawkins
John J Swindells
K H Widdicks
S Buchanan

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

John J R Dean
Trustee
23 January 2025
EMMAUS PRESTON
Emmaus Preston
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF EMMAUS PRESTON
- 5 -

I report to the trustees on my examination of the financial statements of Emmaus Preston (the charity) for the year ended 30 June 2024.

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.

Julie Flintoff BA (Hons) FCA
Floor 1, Capital House
8 Pittman Court, Pittman Way
Fulwood
Preston
Lancashire
PR2 9ZG
United Kingdom
Dated: 4 February 2025
EMMAUS PRESTON
Emmaus Preston
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
3
25,450
7,252
32,702
45,101
-
45,101
Charitable activities
4
262,490
-
262,490
252,414
-
252,414
Other trading activities
5
555,369
-
555,369
839,679
-
839,679
Investments
6
14,524
-
14,524
9,537
-
9,537
Total income
857,833
7,252
865,085
1,146,731
-
1,146,731
Expenditure on:
Raising funds
7
397,723
6,042
403,765
566,745
-
566,745
Charitable activities
8
675,415
-
675,415
728,891
28,692
757,583
Total expenditure
1,073,138
6,042
1,079,180
1,295,636
28,692
1,324,328
Net gains/(losses) on investments
11
25,548
-
25,548
(706)
-
(706)
Net movement in funds
(189,757)
1,210
(188,547)
(149,611)
(28,692)
(178,303)
Fund balances at 1 July 2023
800,187
353,049
1,153,236
949,798
381,741
1,331,539
Fund balances at 30 June 2024
610,430
354,259
964,689
800,187
353,049
1,153,236

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 PRESTON
Emmaus Preston
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 7 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
14
379,102
366,663
Investments
13
335,470
309,922
714,572
676,585
Current assets
Stocks
15
107,611
107,039
Debtors
16
130,686
98,450
Cash at bank and in hand
218,682
499,553
456,979
705,042
Creditors: amounts falling due within one year
17
(206,862)
(228,391)
Net current assets
250,117
476,651
Total assets less current liabilities
964,689
1,153,236
Income funds
Restricted funds
19
354,259
353,049
Unrestricted funds
Designated funds
20
100,000
-
General unrestricted funds
510,430
800,187
610,430
800,187
964,689
1,153,236
EMMAUS PRESTON
Emmaus Preston
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2024
30 June 2024
- 8 -

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 2024.

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 23 January 2025
John J R Dean
Trustee
Company registration number 03643570
EMMAUS PRESTON
Emmaus Preston
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2024
- 9 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash absorbed by operations
24
(265,626)
(15,917)
Investing activities
Purchase of tangible fixed assets
(29,770)
(15,282)
Proceeds from disposal of tangible fixed assets
-
8,501
Investment income received
14,525
9,537
Net cash (used in)/generated from investing activities
(15,245)
2,756
Net cash used in financing activities
-
-
Net decrease in cash and cash equivalents
(280,871)
(13,161)
Cash and cash equivalents at beginning of year
499,553
512,714
Cash and cash equivalents at end of year
218,682
499,553
EMMAUS PRESTON
Emmaus Preston
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 10 -
1
Accounting policies
Charity information

Emmaus Preston is a private company limited by guarantee incorporated in England and Wales. The registered office is The Birches, 165 Ribbleton Lane, Preston, Lancashire, PR1 5ST, 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 charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

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. 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.

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.
EMMAUS PRESTON
Emmaus Preston
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 11 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

 

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

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:

Freehold Land & Buildings
2% Straight Line
Plant & Equipment
25% Straight Line
Fixtures, Fittings & Equipment
25% Straight Line
Computer Equipment
25% Straight Line
Motor Vehicles
33% Straight Line

Freehold land is not depreciated.

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
Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible 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).

1.9
Stocks

Stocks are stated at the lower of cost and net realisable value.

 

Stocks are comprised of bought in goods. Donated goods are held at nil value.

1.10
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.

EMMAUS PRESTON
Emmaus Preston
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 12 -
1.11
Financial instruments

The charity only has financial assets (debtors, cash and bank balances) and liabilities (creditors and accruals) of a kind that qualify as basic financial instruments. They are initially recognised at transaction value and subsequently measured at their settlement value.

1.12
Taxation

The charity is exempt from corporation tax on its charitable activities.

1.13
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.

Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.
Depreciation and residual values

Property, plant and equipment are depreciated over their useful economic lives to their estimated residual values. Both the estimated useful life and the residual value are reviewed at least at each financial period end.

3
Donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Donations and gifts
25,450
5,440
30,890
37,941
-
37,941

Grants

-
1,812
1,812
7,160
-
7,160
25,450
7,252
32,702
45,101
-
45,101
EMMAUS PRESTON
Emmaus Preston
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 13 -
4
Charitable activities

Unrestricted funds

 

Unrestricted funds

 

2024
2023
£
£

Emmaus Community - Rents and housing benefits received

262,490
252,414
5
Other trading activities
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£

Shop and other sundry income

440,970
687,155

Furnishing scheme

114,399
152,524
555,369
839,679
6
Investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Interest receivable
14,524
9,537
7
Raising funds
Unrestricted
Restricted
Total
Unrestricted
funds
funds
funds
2024
2024
2024
2023
£
£
£
£
Fundraising and publicity

Operating costs

397,497
6,042
403,539
566,470

Bad debts

226
-
226
275
397,723
6,042
403,765
566,745
EMMAUS PRESTON
Emmaus Preston
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 14 -
8
Charitable activities

 

 

2024
2023
£
£
Staff costs
315,658
322,892

Companion housekeeping and sundries

57,887
63,160

Companion allowances

88,900
86,362

Companion move on funds

17,090
15,643

Maintenance and utility costs

135,973
194,528

Recruitment expenses

53
1,085

Other overheads

37,524
26,126

Friends of Fishwick & St Matthews costs

-
20,285

Free Street costs

-
8,407

Depreciation

13,513
8,736

Loss on disposal of tangible fixed assets

3,817
1,633
670,415
748,857
Governance costs
5,000
8,726
675,415
757,583
Analysis by fund
Unrestricted funds
675,415
728,891
Restricted funds
-
28,692

Included within governance costs are indepedent examiner fees of £5,000. In the previous year, governance costs of £8,726 related to auditors remuneration.

9
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
EMMAUS PRESTON
Emmaus Preston
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 15 -
10
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
12
14
Employment costs
2024
2023
£
£
Wages and salaries
315,658
322,892
There were no employees whose annual remuneration was more than £60,000.
11
Net gains/(losses) on investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Revaluation of investments
25,548
(706)
12
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 Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

13
Fixed asset investments
Listed investments
£
Cost or valuation
At 1 July 2023 & 30 June 2024
336,620
Impairment
At 1 July 2023
26,698
Revaluation
(25,548)
At 30 June 2024
1,150
Carrying amount
At 30 June 2024
335,470
At 30 June 2023
309,922
EMMAUS PRESTON
Emmaus Preston
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 16 -
14
Tangible fixed assets
Freehold Land & Buildings
Plant & Equipment
Fixtures, Fittings & Equipment
Computer Equipment
Motor Vehicles
Total
£
£
£
£
£
£
Cost
At 1 July 2023
1,761,574
5,223
70,947
14,598
51,275
1,903,617
Additions
-
900
-
320
28,550
29,770
Disposals
-
-
(70,947)
-
-
(70,947)
At 30 June 2024
1,761,574
6,123
-
14,918
79,825
1,862,440
Depreciation and impairment
At 1 July 2023
1,418,500
5,222
64,524
2,737
45,972
1,536,955
Depreciation charged in the year
-
150
2,606
3,683
7,074
13,513
Eliminated in respect of disposals
-
-
(67,130)
-
-
(67,130)
At 30 June 2024
1,418,500
5,372
-
6,420
53,046
1,483,338
Carrying amount
At 30 June 2024
343,074
751
-
8,498
26,779
379,102
At 30 June 2023
343,074
1
6,423
11,861
5,304
366,663
EMMAUS PRESTON
Emmaus Preston
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 17 -
15
Stocks
2024
2023
£
£
Stock
107,611
107,039
16
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
50,099
41,345
Other debtors
28,245
14,848
Prepayments and accrued income
52,342
42,257
130,686
98,450
17
Creditors: amounts falling due within one year
2024
2023
£
£
Other taxation and social security
11,234
5,641
Trade creditors
89,766
56,993
Other creditors
19,409
21,467
Accruals and deferred income
86,453
144,290
206,862
228,391
18
Retirement benefit schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

EMMAUS PRESTON
Emmaus Preston
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 18 -
19
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 2022
Incoming resources
Resources expended
Balance at
1 July 2023
Incoming resources
Resources expended
Balance at
30 June 2024
£
£
£
£
£
£
£
Preston Property
150,000
-
-
150,000
-
-
150,000
Burnley Property
193,074
-
-
193,074
-
-
193,074
Free Streets
18,382
-
(8,407)
9,975
-
-
9,975
Friends of Fishwick and St Matthews
20,285
-
(20,285)
-
-
-
-
Rochdale Store
-
-
-
-
5,440
(5,440)
-
Other Miscellaneous Grants
-
-
-
-
1,812
(602)
1,210
381,741
-
(28,692)
353,049
7,252
(6,042)
354,259

Preston Property - This relates to the purchase and development of The Birches property which was used to create an Emmaus community in Preston.

 

Burnley Property - This relates to the Burnley Emmaus House property which was used to create the Emmaus Community in Burnley.

 

Free Streets - This relates to the homeless outreach project in Burnley.

 

Rochdale Store - This relates to utility and repairs costs in Rochdale.

EMMAUS PRESTON
Emmaus Preston
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 19 -
20
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
Incoming resources
Balance at
1 July 2023
Transfers
Balance at
30 June 2024
£
£
£
£
Securing premises
-
-
100,000
100,000
-
-
100,000
100,000

Securing premises - This designated fund represents the amount set aside for securing future retail & commercial premises for trade.

21
Analysis of net assets between funds
Unrestricted funds
Restricted funds
Total
Unrestricted funds
Restricted funds
Total
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Fund balances at 30 June 2024 are represented by:
Tangible assets
36,028
343,074
379,102
23,589
343,074
366,663
Investments
335,470
-
335,470
309,922
-
309,922
Current assets/(liabilities)
238,932
11,185
250,117
466,676
9,975
476,651
610,430
354,259
964,689
800,187
353,049
1,153,236
22
Contingent liabilities

Grants received from the Emmaus UK Solidarity Fund between 2001 and 2021 totalled £295,000. These would become repayable in the event that Emmaus Preston ceased to be a member of the Emmaus UK Federation to the extent that donations to Emmaus UK Federation did not equal this sum.

 

On 30 April 2022 Emmaus Preston and Emmaus Burnley merged. The contingent liability from Burnley of £145,000 was added to the contingent liability of Emmaus Preston, along with the £224,000 loan from Emmaus UK to Burnley.

 

The total contingent liability in Emmaus Preston now stands at £664,000 (2023: £664,000).

23
Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

EMMAUS PRESTON
Emmaus Preston
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 20 -
24
Cash generated from operations
2024
2023
£
£
Deficit for the year
(188,547)
(178,303)
Adjustments for:
Investment income recognised in statement of financial activities
(14,524)
(9,537)
Loss on disposal of tangible fixed assets
3,817
1,633
Fair value gains and losses on investments
(25,548)
706
Depreciation and impairment of tangible fixed assets
13,513
8,736
Movements in working capital:
(Increase) in stocks
(572)
(39,300)
(Increase)/decrease in debtors
(32,236)
36,402
(Decrease)/increase in creditors
(21,529)
163,746
Cash absorbed by operations
(265,626)
(15,917)
25
Analysis of changes in net funds

The charity had no debt during the year.

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