Charfty Regl8tratlon No. 1058536
Company Regl8tratlon No. 3255850 (England and Wale8
THE NEHEMIAH PROJECT
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Nehemiah

THE NEHEMIAH PROJECT
CONTENTS
Page
Trustees, report
Independent auditovs report
9-11
Statement of financial activities
12-13
Balance sheet
14
ststement of cash flows
15
Notes to the financial statements
16-31

THE NEHEMIAH PROJECT
LEGAL AND ADMINISTRATIVE INFORMATION
Charlty number
1058536
Company numbor
3255850
Roglsterod offlcè
47 Tootlng B6c Gardens
London
SW16 1RF
Audltor
B8gbles
9 Bonhlll Street
London
EC2A4DJ
Bankers
Natwest plc
Natwest Bank PIC
145 Clapham Hlgh Street
London
SW4 7SN
Solicftorn
Bates Well8
10 Queen Street Place
London
EC4R 1 BE

THE NEHEMIAH PROJECT
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their report and accounts forlhe year ended 31 December 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 charitable company's Memorandum and Articles of Associalion, the
Companies Act 2006 and "Accounling and Reporting by Charilies.. Slatemenl of Recommended Practi
applicable to charilies preparing their accounts in accordan￿ with the Financial Reporting Slandard applicable in
the UK and Republic of Ireland {FRS 102)" (as amended for accounling periods commencing from 1 January
2019)
Objectives and actlvltles
The Nehemiah Project has over 30 years, experience of working with men with a history of addiction. Our clients
are arguabty some of the most marginalised and excluded indivlduals in society, with multiple and complex
needs.
Our high level objectives are..
To enable vulnerable men to break free from crime and addiction and to help them rebuild their lives
To offer men. once released from prison, the resources to set new goals and give them hope for the fvture
To assist in their reintegration into the community through the provision of supported housing immedialely
after release and beyond. as well as the provision of rehabilitalion programmes.
A key aim is to build resillence in our Residents so that when they move on, they can deal wilh unexpected and
challenging life events without resorting lo old behaviours, and to provide coping strategies to avoid relapse.
Vislon
To be a cenlre of excellence for rehabilitating men from crlme and addiction through the transformation of their
lives lo become fulfilled, valuable members of the community.
Mission
The Board and all Nehemiah staff believe that anyone can change their life, and this underpins all our work. Our
holistic, peer-group approach to recovery creates a safe place where men can go through the painful process of
reviewing their lives and estsblishing a new foundation on which to build their future. We support each man to
reach his potential, and we celebrate thelr success.
Values
Nehemlah has adopted the following values which will inform our best practice. We see these values applying to
everyone who engages with our seNice. whether staff, residents, volunteers, or external visitors..
Belief
Our driving force, we believe In each person's unique potential and the power of positive change.
Respect
Our commitment to valuing each other's choices, embracing differences and building a culture of
mutual acceptance.
Honesty
Our foundation for strong relationships- nurturing an environmenl of Irust and Irulhfulness.
Compasslon
At the cenlre of our approach, emphasising empathy, understandlng and patience through both positive
and challenging circumstances.
EmpovRrment
Our focus on giving Indlviduals the tools, support and freedom they need lo resolve their own issues,
explore option5, and recognise their self-worth.

THE NEHEMIAH PROJECT
TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
Key achlevem6nts 2024
In the past Iwelve rnonths..
We worked with 48 men, extending the average tlme that Resldents stayed al Nehemiah.
20 men joined A New Future, our 13-week Recovery programme, with 14 Graduating (700/0).
32 Residents were in employment. Iraining or regularfy volunteering, an increase of 450/0 on the previous
year.
29 Residents benefitled from our Family Support programme, with 12 Residenls rebuilding family
relationship5.
Less than 50/0 of those who have completed our programme in the past five years have returned to prison,
to our knowledge. Nationglly the Iglest figures show that 55 % of those released reoffend within 12 months
and this slatislic is even higher in London prisons.
We have contlnued our peer-mentoring progrgmme for new Residents, in partnership with The Forward
Trust, training all graduate Nehemiah Residents and some volunteers as Peer Mentors.
We continued to dellver 'A Brighter Future,
our second4tage programme, once a week in the evenlngs,.
thls is co-delivered by the men themselves and facilitated by our slaff.
We have continued to develop our volunleering programme with 65 volunteers regularly participating in a
range of actlvilies.
We have increased our connections with community partners. increasing our referral base in the community.
We successfully relocated from our two properties to three new properties In Croydon In partnership with
Croydon Churches Housing Association.
Ileoffendii
rntes within
700
55%F
en.graduatlng frv
Gur 13-week
gramme
12
onthiof
ving
IAen rebuilding family
relationships thanksto
our Family Support
pro8￿7
National
average
65
48
The numberof mèn
that we supported
. Ournumber Of
Ih li
volunteers

THE NEHEMIAH PROJECT
TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
Prioritles for 2025126
Our priorities are lo..
Successfully transition from our retiring CEO to our new CEO (see "strategic overview" below)
Strengthen the foundations of the Charity for the next decade.
Continue to expand and develop the support offered lo men as Ihey prepare to move on. This will have a
practical focus as we seek lo recognise the lifelong impact Ihal Adverse Childhood Condilions have on
behaviour, health, and the life-course of the majority of our Residents. Our aim is lo be more deliberale in
helping our Residents build relational and emotional support to enhance their resilience and longer-lerm
recovery.
Introduce new quality measures lo better assess how we refine our support.
Apply the research of our PhD student on the 'Good Lives Model, in partnership with the Centre for
Addictive Behaviours, London Soulhbank University.
Work with community partners to develop complimentary activities and opportunities for Nehemiah
Residents.
Focus on our finances, increaslng regular Sncome and our level of reserves.
1- Perfomlance Dellvèry
Nehernlah has an excellent record of both reducing reoffending and reduclng drug and alcohol dependency. In
2024 we endeavoured to continue to improve our services and our outcomes.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ol
esidents
ompletlng
Stage 1 01
stiii ￿th us
No. of men
orked wlth
of meri
remalnlng
abstinent
or one
ear
esldents Ini
ork,
vocational
ralnlng oi
oluntary
ork
14
26
31
27
28
28
31
29
31
37
39
64
74
75
71
71
Illli
52.
59
74
19
10
20
14
10
10
32
ol
esldents
eoffending
r recalledl
ithin
one,
ear
leaving
Nehemlah
verage
Dccupancy
rate
Income
'A Increase
11111111
00
72.751
25,496
10%
28,118
557,942
762,858
949,516
644,418.
921,754
1,064,938
1,094,574

THE NEHEMIAH PROJECT
TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
A New Future is a rolling programme which men can join at any point and complete the twelve modules. It is
13-week programme delivered each weekday moming al our first-slage houses, focusing on recovery and
reseltlemenl through process groups and education sesslons. We encourage the participating cohort to work
through issues logether, sharing experiences, challenging one another and learning to resolve conflict. This has
helped build resilience lo increase Ihe men's ability to cope with day-tO4Jay social, emotional and practical
pressures. In 2023 we Introduced a new move-on support role to stretch and extend the support we offer as men
prepare and move onto fully independent living.
We consider this decrease to be a direct result of Covid-19 and Ihe resulting limit8tions of face-to-face
contacl with men passing through the charity.
2- Flnanclal Prudence and Sustalnablllty
Maintaining financial prudence is a key element of the success of any charity=
We contlnued to build relationships with key funders in a very challenging environment, and successfully
secured some multiwyear grants.
We maintained tight financial control with regular reporting to Trustees.
In 2024, although our Income from Trusls and Foundations increased by 60/9, it was 17% below the budget we
had forecast due to a challenging fundraising environment. Income from individuals was consistent and Housing
Benefit payments only decreased by 10/0 Wlth occupancy rates at 81 %. 2024 the Charlty had a total Income of
£1,094,574 and a totsl expenditure of £1,087,413 showing a surplus of£7,347. Income increased 30/0 from 2023,
Expendilure also increased by 150/0 due to the Croydon house move, increased salary and utilily Costs.
Designated funds include the £810,198 propety capital fund, which is our investment in the freehold of the
Charity's main property in Streatham. It is anticipated that these funds wlll remaln Invested in the property for the
foreseeable future. Unless the property is sold or re-mortgaged, these funds are not direclly accessible.
Nehemiah's general unrestricted funds al the end of 2024 stand at £182,179 an increase of £25,714 from 2023.
Management will focus on building these reserves to meet the desired level of three months, operating cosls
whlch would be £290.000.
Reserves Pollcy
The majority of our fijndlng for operational Costs comes from grants and donations. for which we are gratefvl. For
liquidily purposes, the Trustees would like lo allain around £300,000 cash reserves (three months. operating
cosls). The Charity has a strategy to continue to bulld its reseNes to a point Ihal could allow additional propety
growih. The Charity's tangible fixed assels were £900,198 at 31 December 2024.

THE NEHEMIAH PROJECT
TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
Nehemiah 2024
Strategic Overview
John Patience has Se￿ed the charity as CEO since November 2011 and advised us of his plan lo retire during
2025. We thank him warmly for his great contribution. During 2024 we reflected on Ihe needs of the chariiy and
appointed Macaulay Search to assist in the search for a new CEO. A Ihorough process led lo the appointment of
a new CEO effeclive from September 2025.
In 2024 we continued to increase the level of support in our second slage programme with a dedicated Full-time
Move-on Coordinator working with Residents in second stage accommodation, delivering A Brighter Future and
supporting Residenls one-lo-one.
The needs of the men coming to Nehemiah are complex. and we wish to continue to offer an improved
programme with a variely of se￿iceS to give them the best recovery for themselves, their families and the wider
community.
1- Bulld on our Improved results for Residents, particularly those in our second stage programme.
In 2025, we wlll:
Contlnue to extend the breadth of support covered in our stage 2 programme, generally three lo nine
months; and stage 3, nine to twelve months. We will do this primarily through our own team but also through
Ihe delivery of support through exlernal agencies and volunteers.
Continue to offer Family Support to those Residenls who need to reconnecl with their families, and to
establish an external support group to offer to family members. We have increasingly linked with
disadvantaged communities to help our Residents reinlegrate and connect their lives to community
activities.
Further develop our relatlonships with releasing prisons to ensure that Nehemiah is clearly 'signposted' lo
those who can best benefit.
Endeavour to find funding and partnerships to deliver the wellbeing interventions that had worked well for
Residents over the last three years, such as counselling, personal granls and other wellbeing activities.
Continue peer-mentoring iraining so that all of our graduates have the opportunlty to train as peer-mentors,
ensuring new Nehemiah Residents receive additional support, especially al evenings and weekends.
Conlinue to develop a programme for slaff wellbeing Ihal will create resilience and effectiveness in our staff.
resulting in a positive, rewarding, and creative work environment.
Further integrate The Good Lives Model in our recovery programmes.
Ensure thal we continue to give Residents an opportunity to feedback through monthly surveys as part of
our existing assessment of Resident experience.
2 - Flnanclal Prudence and Sustainability
In 2024 we maintained our financial posilion, wilh a small surplus, although in a challenging fvndraising
environment. We increased our free reserves but these remain at 650/0 of what we need in order to achieve three
months running costs. Maintaining financial prudence and developing sustainability is a key element of the
success of Nehemiah. To achieve this in 2025 we will..
Closely monitor our quarterly revenue and expenditure targets through our Finan￿ & Fundraising
Committee.
Continue to collaborate wilh The British Association of the Sovereign Order of Malta to achieve our joint
objeclives.
Build longer-temi relationships with core funders, as well as recognising the contribution of our individual
donors.
Continue to develop the Donorfy Customer Relationshlp Management database to steward our donors more
effectivety and improve our communications.
Continue to raise Nehemiah's profile through a variety of channels in order to recruit fvrther supporters.

THE NEHEMIAH PROJECT
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
Grovrth - Improving quality in terms of service and positioning the charity in tenns of profile and
physical growth.
Our intention is to deliber21ely position Nehemiah 2S the ideal Slepping Stone into the community
through the ongoing refinement of our programmes.
Whilst we can never change the past, we increasingly understand the negative impact that it has
had throughoul someone's life course. We will deliberately introduce elements of support that the
evidence suggests may well counterbalance some of these factors. This we think will further
enhance recovery.
Continue to work with housing partners outside of London to explore options for gro￿.
Nehemlah's approach to fundraising
Our supporters enable us to help vulnerable men recover their lives. We are committed to being fully transparent
and accountable regarding how their gifts are used.
Our fundraising costs are kepl to a minimum, with 8 /0 of revenue being spent on the cost of raising funds. All
fundraising is done in-house with no third-party involvement.
We are members of the Fundraising Regulator and as members we follow the Code of Fundraising Practice and
the policy of dealing with vulnerable people.
In the financial year ending 31 December 2024 we did not receive any complaints about our fundraising.
We keep up lo date on changing regulation and ensure we comply with it by changing processes where
necessary.
Structure, governance and management
The Nehemiah Project is a Company Limited by Guarantee. govemed by its Memorandum as amended and
adopted by Spedal Resolution in 2009. and Articles of Association dated 4th September 2019. The new Articles
adopted in 2019 were drafted to streamline the procedural running of the Chariiy but had no effect on the
Charily's existing objects or purpose. The Nehemiah Project is a registered Charity Wlth the Chariiy Comrnission
of England and Wales. In the event of winding up, members, liabilities are limited to £1 each.

THE NEHEMIAH PROJECT
TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees, who are the Directors for the purposes of company law, and who served during the year were..
Mr. T. B. Aikens
Mr. W. Ansell
Mr. R. M. Atwater
Mr. G. S. Boyle
Mr. C. Matthews (Chairl
Mr. E. Bathgate O'oined 09-08-24)
Mr. P. Sieyes tioined 05-12-241
Mrs. K. P. Hunter Johnston
Mrs. O. Olayisade O'oined 18-04-241
Mr. A. P. Watson
Miss J. S. Whitaker
Miss M. B. Musolino
Mr. R. Clarke (J'oined 18-04-241
{resigned 24-10-24)
Trustees are appointed by resolution of the existing Trustees. Mosl new Trustees will be familiar with the practical
work of Nehemiah and all Trustees attend information events to keep up-to-dale. New Trustees undergo an
induction covering decision-making processes, key employees and future plans and objectives. They are also
advised aboul theii legal obligations as Truslees.
The Trustees meet quarterly and as ttmo separale Sub-committees, The FinanGe and Fundraising Subcommittee
chaired by Mr T Aikens, and the HR Subcommittee chaired by Mr T Watson. All board meetings have been 'in
person, with the option to also join by Zoom. Trustees have conlinued to receive regular financial reports and
updales on Nehemiah's activities and fundraislng. The Board of Trustees is responsible for the overall legal.
financial and strategic direction and development of Nehemiah.
Public Beneflt
The Trustees consider that they have complied with the duty to have due regard to publlc benefil guidance
published by the Charity Commission.
Management Team
Dr J. Patience, Chief Executive Officer
Mrs L. Ravenscroft, Development Dlrector
Miss A. Sissuh, Supported Housing Manager
Mr Josh Benfield, Operations Manager
Day-lo-day management, including finance, HR and operalions, is the responsibility of the CEO. He is supported
by the other members of the management team. who meet weekly, and who lake responsibility for the assets of
Nehemiah, supported housing, and fundraising.
Risks
The Trustees review Nehemiah's risk register quarterly. They are responsible for approving and overseeing the
implementation of any changes to procedures, Iraining or other actions to mitigate the risks Nehemiah faces. All
areas are RAG rated, with high priority areas separalely highlighted and reported.
A Risk Register is maintained and presented at each Directors, Meeting. The Risk Regisler is available upon
request.
Relationship with other charities
Two of the Charity's move-on homes, The Chase and Pountney Road, are owned by Sanctuary Housing. Since
2013 Nehemiah has been Managing Agent for these properties. This agreernent runs on a two-year agreement
and currently runs until 2026. As such the Residents are Sanctuary Housing Licensees. managed by Nehemiah.
The Charity's fourth, fifth houses and sixth houses, 51 Thornhill Road, 15 Thornhill Road and 38 Oakfield Road,
Croydon, are owned by Croydon Churches Housing Association ICCHAI. The Charity has a ten year lease with
CCHA for these properties, terminating in 2034.

THE NEHEMIAH PROJECT
TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
Statement of Trustees, rosponslbllltl•s
Tha TnJ8teès, who are also the dirèctors ofTho N¢hemiah Project for th8 purpose of wmpany law, are
reBpofisible for preparing Ihe Trustees, R8port and the financial ststements In accordan￿ with 8pp￿rable law
and United KingdomAccounting Standards (Uniled Klngdom GenerdSly Accepted Accounliw Prnclic8}.
Conwany Law requires the Trustees lo prepa￿ ffnandal slatemenls for èach financi81 year which give a Iw8 8nd
fair view of th& st8te of affairs of the Ch8rit8bl8 Company of the Incomlng feso¢Jrce$ and applIca￿On of
resources. including th8 income and ex￿ndIt￿re, of the Charitabl8 Company for thal year.
In preparing these finandal statgm8nts. the Tru8tees are required to..
Select suttablo accountln9 polldes and then apply them consistentty;
obseNe Ihe melhclls and prlndples In Ihe ChaTiUe5 SORP,.
make ludgemenls and esttmales that ere reasonable and pwden(8nd
prepar8 the flnanclal statemonts on the golr¥J concom basls unl858 tt Is knapproprfate to presume Ih8t the
tharitsbie company wdl contirMJe in operation.
The Tw$le&s are resrK)nsible for keeping adequate accounting Fecor(Is that disclose with rea$onable acLwracy al
any time th8 financial position of the Chatitable Company and enablè 1hem to ensuro th81 ihe financlal
stste￿nts comply with the Compar+les Act 2006. They are also responsible forsafEguarding the Èssels of the
Ch8rllable CDmpany and hence lor taking reasonable sleps forlhe preventith and detectron of fraud and olher
Irregularttles.
Audltor
In acco￿anCe Wrth Nehemlah's Artld&$. Ttyst&es wlll apw)Int sullably-quallfied Audltors.
01s¢10gurn of lfftfvrmatlon to audltor
Each of the Trustees has ￿nfirrned that there ts no Irrformauon of which they are 8W8rts whtch Is relevant lo Ihe
audit, bul of wh¢ch the auditor is unaware. Thay hav8 furth8r confimiad th* th•y ha￿ tsken approprfat8 steps to
identify sud) relevant Infomialion and to estsblish that tho audilor is aware ol Such information.
s. report WO5 approved by Ihe Board of Trns18&
rc.ma
l)ews (Chalmianl Truslee

THE NEHEMIAH PROJECT
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF THE NEHEMIAH PROJECT
Opinion
We have audited the financial statements of The Nehemiah Project (the 'charitable company,) for the year ended 31
December 2024 which comprise the statement of financial activities, the balance sheet, the ststement of cash flows
and notes to the financial ststements, including significant accounting policies. The financial reporting framework
that has been applied in their preparation Is appllcable law and United Kingdom Accounting Standards, including
Financial Reporting Slandard 102 The Financi81 Reporting St8ndard applicable in (he UK and Republic of Ireland
(Uniled Kingdom Generally Accepted Accountlng Practice).
In our opinion. the financial stalemenls:
give a true and fair view of the state of Ihe charitable company's affairs as at 31 December 2024 and of its
Incoming resources and appllcation of resources, including its income and expenditure, for the year then
ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Praclice,.
and
have been prepared in accordance with the requirements oflhe Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing {UK) {ISAs (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of
Ihe accounts section of our report. We are independent of the charitable company in accordance wilh Ihe ethical
requirements that are relevant to our audit of the accounts in the UK, including the FRC'S Ethical Standard, and we
have fulfilled our other ethlcal responslbillties in accordance with these requiremenls. We believe that the audit
eviden¢e we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of
accounting in the preparation of the financial statements Is approprlate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that. individually or collectively, may cast significant doubt on the charitable company's ability to continue
as a going concem for a period of al least ￿e1ve months from when Ihe financial statements are authorised for
Issue.
Our responslbilities and the responsibilities of Ihe Trustees with respect lo going concem are described in the
relevant sections of this report.
Othor infomiation
The other infomiation comprises the information included in the annual report other than the financial stalements
and our audito¢s report thereon. The Trustees are responslble for the other information contained within the annual
report. Our opinion on the financial stalements does not cover the other information and, except to the extent
othetwise explicltiy stated In our report, we do not express any form of assltrance conclusion thereon. Our
responsibility is lo read the other information and, in doing so, consider whether the other informalion is malerially
inconsistent with the financial statemenls or our knowledge obtsined in the course of the audit, or otherwise appears
to be materially misstated. If we identify such material inconsistencies or apparent material misstalemenls, we are
required to determine whether this gives rise to a material misstatement in the financial slatements themselves. If,
based on the work we have performed. we condude that there is a material misstatement of this other information,
we are required to report that fact.
We have nothing to report in this regard.

THE NEHEMIAH PROJECT
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THE NEHEMIAH PROJECT
Opinions on other matters prescribed by the Companies Act 2006
In our opinion. based on the work undertaken in the course of our audit..
the information given in the Trustees, report for the ffinancial year for which the financial statements are
prepared. which includes the directors, report prepared for the purposes of company12w, is consistent with the
financial statements., and
the direclors, report included within the Trustees, report has been prepared in accordance with applicable legal
requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understsnding of the charitable company and its environment obtained in the
course of the audit. we have not identified material misstatements in the directors, report included within the
Trustees. ieport.
We have nothing lo report in respect of the following matters in relation to which the Companies Act 2006 requires
us to report to you if. in our opinion=
adequate accounting records have not been kept, or returns adequate for our audit have not been received
from branches not visited by us,. or
the financial stalements are not in agreement with the a￿OUntIng records and returns,. or
certain dis¢losures of trustees, remuneration specified by law are not made,. or
we have not received all the infomiation and explanations we require for our audil., or
the Trustees were not entiued lo prepare the financial statements in accordance with the small companies
regime and lake advanlage of the small companies, exemptlons in preparing the Trustees, report and from the
requirement to prepare a strategic report.
Responsibilities of Trustees
As explained more fulty in the statement of Trustees, responslbllltles, the Trustees, who are also the directors of the
charitsble company for the purpose of company law, are responsible for the preparation of Ihe financial statements
and for being satisfied that they give a true and fair vlew, and for such internal conlrol as the Truslees detemiine is
necessary to enable the preparalion of financial statements that are free from malerial misstatement, whether due
to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charitable
company's ability lo continue as a going concern, disclosing, as applicable, malters related to going concern and
using the going concern basis of accounting unless the Trustees either intend to liquidale the charitable company or
to cease operations, or have no realistic alternative but to do so.
Audltor's responsibilities for the audit of thè flnanclal statements
Our objectives are to obtain reasonable assurance about whether thp. finxnr.iAI *tAlp.mp.ntq A8 A whr)Ip. arp. frp.p. from
material misstatement, whether due to fraud or error. and to issue an audito¢s report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance
with ISAS {UK) will always detect a material misstatement when li exists. Misstatements can arise from fraud or
error and are considered malemal if, individually or in the aggregate. they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
10-

THE NEHEMIAH PROJECT
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THE NEHEMIAH PROJECT
Extent to whlch the audlt was capable of detectlng iyregularlties, Includlng fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, outlined above. lo delect malerial misslalernenls in respect of irregularities. including
fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below..
Agreement of the financial statement disclosures lo underfying supporting documentation to assess compliance
with those laws and regulations having an Impact on the financlal statements and disclosure requirements.
particular, Accounting and Reporting by Charities.. Statement of Recommended Practice.,
Enquiries and confirmation of management and the trustees as to their identification of any nonwcompliance with
laws or regulations, or any actual or potentlal claims.,
Review of minutes of the Board meetings during the period.,
Incorporatlng unpredictability into the nature. timing andlor extent of testing.
Evaluatlon of Ihe selection and application of the accounting policies chosen by the charity.
In relation to the risk of management override of intemal controls, by undertaking procedures lo review joumal
entries and evaluating whether there was evidence of bias that represented a risk of material misstatement due to
fraud,. and
We assessed the sus¢eptibility of the charity's financial statements to material misstatement, inciuding how fraud
might occur by considering the key rlsks impacting the financial statements.
Our audit procedures were deslgned to respond to risks of materlal misstatement In the financial ststements,
recognislhg that the risk of not detecting a material misstatement due to fraud is higher than the risk of nol detecting
one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations
or through collusion.
There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws
and regulations is from the events and transactions reflected in the financial statements, the less likely we are to
become aware of it.
A fijrther descrfption of our responsibilities for the audit of the financial statements Is Ioc8ted on the Financial
Reportlng Council's website at.. http.'Ilww.frc.org.uklauditorsresponsibilities. This description fomis part of our
audito¢s report.
Use of our report
This report is made solely to the company's members, as a body, in accordance with section 391 of the Companies
Acl 2014. Our audit work has been undertaken so that we might state to the company's members those matters we
are required lo state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law,
we do nol accept or assume responslbillty to anyone other than the company and the company's members as a
body. for our audit work, for this report, or for the opinions we have formed.
Katherine Dee FCA (Senlor Statutory Audltor)
for and on behalf of Begbies
Chartered Accountants
statutory Auditor
9 Bonhill Street
London
EC2A 4DJ
11

THE NEHEMIAH PROJECT
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Current flnanclal year
Unrestricted Restricted
funds
funds
2024
2024
Total
Total
2024
2023
Notes
Income from:
Donations and legacies
ChaTrtable activities
Investments- bank interesl
357,651
478,582
6,658
251.683
609,334
478.582
6,658
576,736
486.286
1,916
Totsl income
842,891
251.683
1,094,574
1,064,938
Ex
endlture on..
Raising funds
78,018
78,018
61,973
Charitable activities
Supported Housing Programme
A New Future Online
734,044
275,165
1,009,209
881,990
1,000
Totsl charitable expenditure
734,044
275,165
1,009,209
882,990
Total resources expended
812,062
275,165
1,087,227
944,963
Net Incomel(expenditure> forthe yearl
Net movement In funds
30,829
(23,482)
7,347
119,975
Fund balances at 1 January 2024
961,548
27,88S
989,433
869,458
Fund balantes at 31 December 2024
992,377
4,403
996.780
989,433
The slatomcnt of financial activitie￿ includc•*J all gainoo and recognised in th8 yéar,
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 activilies also complies with the requirements tor an income and expenditure account
underthe CompaniesAcl 2006.
12

THE NEHEMIAH PROJECT
STATEMENT OF FINANCIALACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Prior financial year
Unrestricted Restricted
funds
funds
2023
2023
Tolal
2023
Notes
Income from:
Donalions and legacies
Charitable activities
Investmenls
284.357
486,286
1,916
292.379
576,736
486.286
1,916
Total income
772,559
292,379
1,064,938
eiidSture on,.
Raislng funds
61,973
61,973
Charilable activities
Supported Houslng Programme
A New Future Online
602,818
1,000
279,172
881,990
1,000
Total charltable expendlturè
603,818
279,172
882,990
Total resources expended
665,791
279,172
944,963
Net incomingl(outgoing) resources before transfers
106,768
13,207
119,975
Gross transfers be￿een funds
2.817
(2.8171
Net incomellexpenditurel for the yearl
Net incomingl(outgoing) resources
109,585
10,390
119,975
Fund balances at 1 January 2023
851.963
17.495
869,458
Fund balances at 31 Decembcr 2023
961,548
27,885
989,433
The statement of financial activities Includes all gains and losses recognised in the year.
The statement of financial activities includes all gains and losses recognised in the year. All income and
expenditure derive from contlnuing aGlivities.
The statement of financial actlvlties also complies wilh the requlrements for an Income and expendlture account
underlhe CompaniesAct 2006.
13-

THE NEHEMIAH PROJECT
BALANCE SHEET
ASAT31 DECEMBER 2024
2024
2023
Not•s
Flxed assets
Tangbla assets
11
899,384
895.083
Current a¥¥ets
Debtors
Cash al bank and in hand
12
43,215
354,642
64,088
423,166
397.857
487.234
Cr¢dltors: amounts falllng due wlthln
ono year
13
(156.708)
1189,8231
Nat current a$Eets
241,149
297.411
Totsl a3$ets It￿ ounpnt Ilabllltle¥
1.140,533
1,192,494
rodilors: amounts talllng due aftgr
fflore Ihan one year
14
143,753)
1203.0611
Not assets
996,780
989,433
In¢ome funds
Reslrlcted fund
19
4,403
27,885
liin
Designated fvnds
Garwal unr￿lI1￿d funds
18
810.198
182.179
805.083
156,465
992,377
961.548
996.780
989,433
ThB8e financial staternenls have t)een prepared in accordan￿ vthh the wovtsions appIl￿ble to rXjmp￿)Ies sjbject
to Ihe sfflall ￿MpanIeS r8gim&.
Company Rogl$tratlon No. 32558SO
14_

THE NEHEMIAH PROJECT
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Notes
Cash flows from operating activities
Cash (absort)ed byllgenerated from
operations
24
(51,9711
255,739
Investing activities
Purchase of tsngible fixed assets
Investment income received
113.093)
6,658
16,359)
1,916
Net cash used in investlng actlvltles
(6,4351
{4,443)
Flnancing activities
Repayment of bank loans
(10,118)
(9,870)
Net cash used In flnanclng actlvltles
(10,1181
(9,870)
Net (decreasalllncreas8 In cash and ca$h
equivalents
{68,5241
241,426
Cash and cash equlvalents at beginning of year
423,166
181,740
Cash and cash equivalent8 at end of year
354,642
423,168
15

THE NEHEMIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting pollcles
Charity information
The Nehemiah Project is a private company limited by guarantee incorporated in England and Wales. The
iegislered office is 47 Tooting Bec Gardens, London, SW16 IRF.
1.1 Accounting convention
The financial ststements have been prepared in accordance with the chaiitable company's Memorandum and
Articles of Association, the Companies Act 2006 and "Accounling 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
charitable company is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charitable company.
Monelary amounts in these financial statements are rounded to the nearest £.
The financial statemenls 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 accounts, the Trustees have a reasonable expectation that the charitable
company has adequate resources to continue in operational existence for the next 12 months. Thus the
Trustees, continue to adopt the going concern basis of accounting in preparing the accounts.
The free reseNes of the charity are very low. However the charSty has cash available lo meet day to day
activities due lo the struclure of long term borrowing. The charity also owns the freehold premises at 47
Tooting Bec Gardens which is stated in these accounls al cost. The trustees are of the opinion that were the
charity in need offunds, fvrther borrowing could be secured In the short term or the property could be sold.
1.3 Charftable funds
Unrestricled fvnds are available for use at the discretion of the Trustees in furtherance of their charitable
objectives.
Designated funds are a category of unrestricted fund set aside by the trustees for a specrfic purpose. The
designated funds of The Nehemiah Project reflect the funds invested in the fixed assets of the charity and not
available for day to day use, and the funds set aside by the trustees as detailed in the reserves policy.
Reslricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to Ihe financial slatements.
1.4 Incomlng resources
Income is recognised when the charitable company is legally entitled to it after any performance conditions
have been met, Ihe amount5 can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. other don21ions are recogni5ed once the charitable company has
been notified of the donation, unless performance conditions require deferral ol the amounl. Income lax
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 rf the charitable company has been nolified of an impending
distribution, the amount is known, and recelpt Is expected. If the amount is not known, the legacy is treated as
a contingent asset.
16

THE NEHEMIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting pollcles
(Continued)
Grants are recognised at the point when the charity is nolified of the grant and the charity is entilled to the
income. Grants shown as donations are only deferred if they relate lo a specific future time period as
identified by the donor or the charity has receFved the income, but there is no entitlement to spend the funds
at Ihe year end. If the charity is not entitled to the funds without first meeting criteria which are yet to be met
at the year end. and the funds have not been received, the funds will not be recognised in the accounts.
Grants are recognised as restricted if they are donated for a purpose more restrictive than the ongoing
activities of the chariiy.
Grants are recognised as unrestricted if the donor either does not stale any restriction on use or the restriction
is lo use funds for the supported housing projed, as this is the only activity undertaken by the charity-
Grants Ihal are received for the general operation of the charity. rather than on the basis of a contract for
seNices or for meeting a specified level of services, the grant is shown as a donation.
Were a grant to be received with performance conditions it would be shown as incorne from charitable
aclivilies and would be deferred to the extent the charity has yet lo fulfil Ihe perfonnance obligations.
Housing beneffts and other rental contributions are accounted for when receivable.
Income from fundraising activities includes ticket sales, receipis from charity auctions and other income which
is egmed in the course of events run by the charity. Sponsorships for marathons, fun runs and other events
are shown in donations as these are in effect gifts.
Income from events is included in the year in which the event has taken place.
1.5 Resources expended
Liabilities for costs are recognised in the statement of financial activities as they are incurred.
The charity has two charitable activities, being the operation of a supported housing programme and A New
Future Online. The administrative activities are run from one of the supported housing buildings which is
owned by the charity, and accordingty there is Ilttle general overhead cost.
The costs of fundraising actlvities and reporting to funders are separately identifiable and directty allocated.
General office costs are all allocated to the supported housing activity due to the immaterial size of those
attributable to fundraising and online activities.
1.6 Tangible fixed assets
Tangible fixed assets costing over £500 are initially measured at cost and subsequently measured at cost. 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..
Land and buildings
Leasehold improvements
Fixtures, fittings & equipment
Computers
Over the life of the lease
25 % straight line
330/0 Straight line
17-

THE NEHEMIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounling pollcles
(Contlnued)
Freehold land and buildings, representing one of the supported housing homes, is not depreciated as the
trustees consider the residual value to be higher than carrying value. The lancj and property is stated 31 cost
and at the year end the open markel value was considered lo exceed the carrying value. The value of the
home is reviewed annually for impairment.
The gain or loss arising on the disposal of an asset is determined a5 the difference belween the sale
proceeds and the carrying value of the asset, and is recognised in net incomel{expendilure) for the year.
1.7 Impairment of fixed assets
At each reporting end dale, the charitable company reviews the carrying amounts of its langible and
intsngible assets to determine whether there is any indication that Ihose assets have suffered an impairment
loss. If any SLJch indication exists, the recoverable amount of the asset is estimated in order to determine the
extent of the irnpairment loss lif any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash In hand, deposits held at call wlth banks, other short-term liquid
investmenls with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Flnanclal Instruments
The charitable company has elecled to apply the provisions of Section 11 'Basic Financial Instruments, and
Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charitable company's balance sheet when the chariiable company
becomes party to the contractual provisions of the Instrument.
Financial assets and liabilities are offsel, with the net amounts presenled in the financial statements, when
there Is a legally enforceable right to set off the recognlsed amounts and there is an intention to settle on a
net basis or lo realise the assel and settle the liability simuttaneously.
Basic financial assets
Basic financial a55ets, which Include debtors and cash and bank balances, are inttially measured at
transaction price including Iransaclion costs and are subsequently carried at amortised cost using the
effective interest method. Financial assets classified as ￿CeIVable within one year are nol amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price.
Financial liabilities classified as payable within one year are nol amortised.
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 dassified 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 cosl using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charitable company's contractual obligations expire or are
discharged or cancelled.
1.10 Employee beneflts
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Temiination benefits are recognised immediately as an expense when the Gharitable company is
demonstrably committed to terminate the employmenl of an employee or to provide termination benefits.
18

THE NEHEMIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Aceountlng pollcles
{Contlnued)
1.11 Rellrnment beneflts
Payments lo deflned contributlon retirement benefft scheme8 are tharged as an expense as they fall due.
19-

THE NEHEMIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Donations and legacles
Totsl
Totsl
2024
2023
Donations and gifts
Legacies receivable
Grants towards ongoing operations
Lessladd-. net deferred income
Olher including London Marathon sponsorships
101,289
85,187
1.000
589,513
1128,0521
29,088
424,167
73,780
10,098
09,334
576,736
Note 25 contains details of donations by related parties.
Total
Total
2024
2023
Albert Gubay Charitable Trust
Benefact Trust
British Association of the Order of Malta
Cicely Northcole
Childs Charitable Trust
Croydon Relief in Need
Drapers, Charilable Funds
Golden Bottle Trust
Lambeth Digital Inclusion Fund
Lloyds Bank Foundglion
Mauiice & Hilda Lang Charitable Trust
Sir Harold Hood Charitable Trust
The 29th May 1961 Charitable Trust
The AD CharitableTrust
The Garfield Weston Foundation
The Global Fund for Forgollen People
The Henry Smith Charity
The Jerusalem Trust
The J P Getty JR Charitable Trust
The Mackie Foundation
The Monday Trust
The Peter Slebbing Memorial Charity
The Shanley Foundation
The Society of the Holy Child Jesus
The Charity of Sir Richard Whittington
The Worshipful Company of Mercers
The Worshipful Company ofVintneTS
other £3,000 and below
50,000
14,667
30,000
30,000
10,000
5,000
15,000
20,000
5,000
13,500
25,000
10,000
4,000
5,000
20,000
50,000
5.000
20,000
192,622
40.000
52,000
40,000
40,000
5,000
30,000
100,000
30.000
50,000
5,000
4,000
10.000
29,000
25,000
8,000
20,890
424.167
589,512
-20-

THE NEHEMIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Charftsble actlvltle8
Supported
hou81ng
Income
2024
Supported
houslng
Income
2023
Houslng benefit and other rental income
478,582
486,286
Ralslng funds
2024
2023
Seeklng donatlons, grants 8nd lègacles
staglng fundraising events
staff costs
6,489
2,975
68,554
4,942
2,925
54,106
Costs of operatlng fundralslng 8v8nts
78,018
61,973
21

THE NEHEMIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Employees
Number of employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
17
17
Employment costs
2024
2023
Wages and salaries
Social security costs
Defined contribution pension costs
545,091
55.468
7,342
485.510
43,059
7,068
607,901
535,637
The number of employees whose annual remuneration, exduding employers, natlonal Insurance and
pension contributions, was £60,000 or more were..
2024
Number
2023
Number
£60,001-£70,000
£70,001-£80,000
Pension contributions for hlgher pald staff total £2,642 (2023.. £2,642). The total termination and redundancy
payments made during the yearwere £5,000 (2023.. nill.
Net movèment in funds
2024
2023
The net movement in fvnds is stated after chargingl(crediting)'.
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets
7,680
8,792
11,360
16.207
22-

THE NEHEMIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Charitable activitles
Supported Supported
Housing
Housing
Programme Programme
2024
2023
ANew
Future
Online
2023
Total
2023
Staff costs
Depreciation and impairment
Staff and volunteer expenses, recruitment and training
Rent and rates
Repairs and renewals
Light and heat
Motor and travel
Residents needs
Consultancy, clinical supervision and other
professional fees
Subscriptions and licences
Cleaning materials and refuse disposal
Food
New Croydon houses set up and moving costs
Insurance
Programme costs
Temporary & agency staff costs
475,140
8,792
615
144,402
23,461
53.812
1,008
8,505
419,189
16,207
3,110
131,107
19,401
46,466
862
8,183
1,000
420.189
16,207
3,110
131,107
19,401
46,466
862
8.183
36,22g
1,158
5,354
3,212
63.272
24,791
12,880
48,537
1,123
7,022
3,044
48,537
1,123
7,022
3,044
23,135
5,809
10,290
23,135
5,809
10,290
862,631
743,485
1,000
744,485
Share of support costs {see note 9)
Share of governance costs (see note 9)
136,004
10.574
125,075
13,430
125,075
13,430
1,009,209
881,990
1,000
882,990
Analysis by fund
Unrestricted funds
Restricted funds
734,044
275,165
602,818
279,172
1,000
603,818
279,172
1.009,209
881,990
1.000
882.990
2024 supported housing consultancy fees includes £15,989 for counselling. £1,167 wellbeing servlces and
£10,000 for Monitoring and evaluation. A New Future Online pilot project continued during the year using
exisling internal staff resources.
2023 supported housing Gonsultancy fees includes £14,625 for counselling, £580 clinical supervision. £10,000
for monltoring and evaluation and £12,219 for peer mentoring. A New Future Online pilot project contlnued
during the year using existing internal Staff resources.
-23-

THE NEHEMIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Descrlptlon of charltable activltles
Su
orted Housln
Pro
ramme
Residential supported housing services for those recovering from addiclion.
A New Future Online
In 2021, the Charity started to create a programme which can be delivered online, either directly or through
partner organisations. The programme is slill at pilot stage and no material direct cosls or general overheads
arise are applicable to this activity.
Support costs
Support Governance
Gosts
costs
2024
2023
Slaff costs
Printing. poslage and slationery
Telephone
staff recwitmenl
HR support and professlonal fees
Computer expenses
Loan interest
Sundry expenses
Training and staff subscrlption costs
64,207
15,631
9,608
2,404
12,244
28,102
566
1,193
2.049
64,207
15,631
9,608
2,404
12,244
28,102
566
1.193
2,049
61,342
14.634
8,677
2,788
12,680
19,608
778
1,148
3,420
Audit fees
Accountancy
Legal and professional
7,680
1,394
1,500
7,680
1,394
1,500
11,360
2,070
136,004
10,574
146,578
138,505
Analysed between
Charitable activities
136,004
10.574
146,578
138,505
Support costs are allocated to charitable activities in proportion to salary costs incurred. No material support
costs relate to fundraising.
Governance costs indudes payments to the auditors of £7,680 including VAT (2023- £7.680) for audit fees and
£2,070 including VAT {2023- £2,070) forthe provision of managemenl accounts during the year.
10 Taxation
The charity is exempt from tax on income and gains falling wilhin 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.
-24-

THE NEHEMIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
11 Tangible flxed assets
Land and
Leasehold
bulldlngs Improvements
Flxtures.
Ilttlngs &
oqulpmant
Computèrs
Total
Cost
At 1 January 2024
Additions
Disposals
884,094
15,845
11,039
(15,845)
161,878
2,054
63,425 1.125.242
13,093
115,845)
At 31 December 2024
884,094
11,039
163,932
63,425 1,122,490
Depreclation and impairment
At 1 January 2024
Depreciation charged in the year
Eliminated in respect of disposals
15,845
158,405
2,213
55,909
6,579
230,159
8.792
115,845)
(15,845)
At 31 December 2024
160,618
62,488
223,106
Carrying amount
At 310ecember 2024
884,094
11,039
3,314
937
899,384
At 31 December 2023
884,094
3,473
7,516
89J,083
12 Debtors
2024
2023
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
25,370
17,845
44.622
19,446
43,215
64,068
13 Credltors: amounts falllng due within one year
2024
2023
Notes
Bank loans
Other taxation and social security
Deferred income
Trade creditors
Accruals
15
10,390
14,025
99,184
16,152
16,957
9,700
12,137
124,464
28,112
15,410
16
156,708
189,823
-25-

THE NEHEMIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
14 Creditors: amounts falling due after more than one year
2024
2023
Notes
Bank loans
Deferred income
BriU8nd Charitable Trust loan
15
16
5.253
48,500
90,000
16,061
97,000
90,000
143.753
203,061
15 Loans and overdrafts
2024
2023
Bank and trust funding
105,643
115,761
Payable within one year
Payable after one year
10,39D
95,253
9,700
106.061
During the 2020 year the charity repaid its Charity Bank loan with a Natwesl Bounce Back loan. The loan has
a fixed interest rate of 2.5010 and is repayable over six years, with no interest or repayments for the first Iwelve
months. The Bounce Back loan is unsecured.
The £90,000 Brltland Trust loan is unsecured, non Interest bearing and has no fixed repayment date. No
amounts have been recognised In the accounts for Ihe donation in kind of Interest forgone or in respect of
discounting to net present value due to no agreed schedule of repayments.
16 Deferred income
2024
2023
Performance related grants
Grants for a fulure time period
13,108
208,356
147,684
147,684
221.464
Deferred income is includeLI in the financial statements as follows..
2024
2023
Current liabilities
Non-current liabilities
99,184
48,500
124,464
97,000
147,684
221,464
-26-

THE NEHEMIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
16 Deferred Income
(Continued)
Defe￿ed income include5 £97,000 from the Global Fund for Forgotten People which has been given to the
Charity for 2025 to 2026 on the closure of the organisation. with no entitlement to access the funding earlier.
17 Retirement benefit schemes
2024
2Q23
Defined contribution schemes
Charge to profit or loss In respect of defined contribution schemes
7,342
7.068
The charitable company operates a defined contribution pension scheme for all qualifying employees under
an auto enrolment pension scheme. The assets of the scheme are held separately from those of the
charitable company in an independently administered fund.
18 Unrestricted funds
The unrestricted income funds of the charity include the following designated funds which have been set aside
out of unrestricted funds by the trustees for specrfic purposes:
At 1 January
2024
Incomlng
resources
Resources
expended
Transfers
At31
December
2024
Property capitsl fund
General funds
805,083
156,465
13,093
829,798
(7,9781
(804,084)
810,198
182.179
961.548
842,891
1812.062)
992,377
Previous year:
At 1 January
2023
Incoming
resources
Resources
expended
Transfers
At31
December
2023
Property capital fund
General funds
814,931
37,032
3,542
769,017
116,2071
(649,5841
2,817
805.083
156,465
851,963
772,559
665,791
2,817
961,548
Property capital fund Income Invested in the charlty's resldential homes, furnlshlngs and equlpment. The
Britland Trust loan was made to the charity to fund the purthase of 47 Tooting Bec Gardens and has been
allocaled to this fund to identify where resources are used.
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THE NEHEMIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
21 Limited by guarantee
The charitable company's legal structure is that ot a company limited by guarantee. In the event of the
company winding-up each member is liable to contribute to any deficit lo a maximum of £1 per member.
22 Analysi5 of changes in net funds
At l January
2024
Cash flows At 31 DeG¢mber
2024
Cash at bank and in hand
423,166
168,5241
354,642
Loans falling due within one year
Loans falling due after more than one year
{9,7001
116,0611
1690)
10,808
(10,390)
{5,253)
397,405
158,406)
338,999
23 Operating lease commltments
Le9see
The 'Move On. house and Pountney Road are rented from Sanctuary Housing Trust under a management
agreement. The agreed prevailing rent is £41,341 and £18,498 respectively and requires that the Charity
provide support services to the residents. No adjustment to the rent is made in these accounts for the support
provided to the residents. The two year agreement runs to 31st March 2026. There is a 12 month notice
period to end the contract and so at the year end the charity was committed to a further 12 months rent.
Fredrick Gardens was occupied on a lease due to terminate in September 2025 with an annually reviewed
rent. The lease was ended within the year by mutual agreement. and no further liability exists 81 the year end.
98 Lodge Road was occupled on a lease due to terminate in September 2025 with an annually reviewed rent.
The lease was ended within the year by mutual agreement. and no further liability exists al the year end.
In exchange for leaving Fredrick Gardens and 98 Lodge Road. the landlord supplied three new properties. 38
Oakfield Road, 15 Thornhill Road and 51 Thornhill are occupied on len year leases until 3rd December 2034.
There Is a break clause on 4th December 2029 wrth a 12 month notice period. The below figure includes the
first 5 years of rent at the prevailing rents of £26,000, £24,500 and £24,500 respectively.
The total ofthe above payments is £444,909.
30-

THE NEHEMIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
24 Cash generated from operatlDns
2024
2023
Surplus for the year
7,347
119.975
Adjustments for..
Investment income recognised in statement of financial activities
Depreciation and impairment of langlble fixed assets
(6,658)
8,792
{1,916)
16,207
Movements in working capital..
Decrease in debtors
(Decrease) in creditors
(Decrease)fincrease in deferred income
20,853
18,5251
173,780)
36,827
(43,4061
128,052
Cash (absorbed by)Igenerated from operatlons
(51,971)
255,739
25 Related party transactlons
Mr R. Atwater, Mr G. Boyle and Miss J. Whitaker are all members of Ihe Sovereign Military Hospitaller Order
of St John of Jerusalem, of Rhodes and of Malta (the Order of Mallal. The Nehemiah Project has received
significant financial gSSlStance from The Global Fund for Forgotten People, a fund with close ties to the Order
of Malta, and the Order of Malta itself. The Global Fund for Forgotten People ceased UK operatlons during
the year, but continues activities from the Vatican. The Trustees Report contains detai15 of the work carried
out with this funding and the income is disclosed in note 2.
During the year the charity received £12,944 {2023- £20,022) in giving from Trustees. These funds were not
subject to any restrictions to activities beyond those normalty undertaken by the charity.
The charity purchased trustees liability insurance as part of a combined insurance package and accordingly
no cost has been attrlbuted to governance and support costs.
None of Ihe Trustees (or any persons connected with them) received any remuneration, travel expenses or
benefits from the charitable company during the year {202& nil).
Remuneration of key management personnel
The remuneration of key management personnel is as follows.
2024
2023
Aggregate compensation including pension and employers, national insurance
86,825
83,063
No financial guarantees have been given or received by related parties.
31