Reglstered number: 03422357
Charity number: 1064472
Emmaus Greenwich
{A company limited by guarantee)
Trustees. report and financial statements
For the year ended 30 June 2024

Emmaus Greenwich
(A company limited by guarantee)
Contents
Page
Reference and administrative detalls of the Charity, Its Trustees and advisers
Trustees, report
Independent auditor's report on the financial statements
Statement of financlal activitles
10-13
14
Balance sheet
15
statement of cash flows
16
Notes to the financial statements
17-34

Emmaus Greenwich
(A company limited by guarantee)
Reference and administrative details of the Charity, its Trustees and advisers
For the year ended 30 June 2024
Trustees
E Britton
N Georgis
D Hayes
A Maddison
D Portelli
T Rowe
G Stevenson
T Dzgoeva
Company reglstered
number
03422357
Charity registered
number
1064472
Registered office
226 Elmley Street
Plumstead
London
SE18 7NN
Company secretary
S Barbosa
Chief executlve officer
S Barbosa
Independent auditor
Kreston Reeves LLP
Chartered Accountants
Maritime Place
Quayside
Gillingham
Chatham
Kent
ME44QZ
Bankers
CAF Bank Limited
25 Kings Hill Avenue
West Malling
Kent
ME19 4JQ
HSBC Bank plc
15 Wellington Street
Woolwich
London
SE18 6PH
Page 1

Emmaus Greenwich
(A company limited by guarantee)
Trustees. report
For the year ended 30 June 2024
The Trustees present their annual report together with the audited financial statements of the charity for the year
1 July 2023 to 30 June 2024. The Trustees confirm that the Annual Report and financial statements of the charity
comply with the current slatutory requirements, the requirements of the chariws governing document and the
provisions of the Statement of Recommended Practice {SORP). 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) as amended by Update Bulletin 1 (effective 1 January 2019).
Since the Charity qualifies as small und8r section 383, the Strategic report required of medium and large
companies under The Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 is not
required.
Objectives and activities
a. Policies and objectives
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefrt and in particular to its supp5ementary public
benefit guidance.
The principal object of the charity is to provide homeless and unemployed people with a home. meaningful work.
Companionship and a chance to regain self-respect. Each Emmaus Community combines residential
accommodation with a business based on the collection and sale of donated goods, as well as refurbishment
and recycling. Companions (as residents, and the beneficiaries of the charity, are knowny have the opportunity.
regardless of ability or skills, to help themselves through work. and thereby rediscover their self-worth and take
steps towards their own personal development and reintegration into society at large.
b. Strategies for achieving objectives
Mainly. this will be through the continuing development of Emmaus Greenwich as an effective social enterprise,
where our trading activities move us closer to becoming financially self-supporting. The charity expects that this
will facilitate our ability to consistently-
provide quality programmes to support previously homeless people-
improve significantly on the quality of life and service the charity provides to Companions.
support other people in greater need (known within the Emmaus movement as 'solidariW')"
widen our role as a valuable resource in the local Community.
In addition, the charity will continue to utilise the funding available to Emmaus Greenwich via governmental
agencies and supportive organisations.
c. Activities undertaken to achieve objectives
Emmaus Greenwich, which was officially opened in 1994 by HRH The Prince of Wales, subscribes to the values
of the Emmaus International manifesto which all Emmaus Communities accept when they join the Emmaus
movement.
The Emmaus movement was founded in France just after the Second World War. Emmaus provides a solution
to the cycle of homelessness by addressing the complex needs of homeless people in a holistic way. Through
working and engaging in solidarity, ex-homeless people are able to regain self-esteem and dignity the neGessary
ingredients required for their recovery and development.
Every Companion contributes to the life of the Community to the best of their abilities. Companions are not
permitted to use illegal drugs whilst living in the Community and drinking alcohol is prohibited in the Community.
Each Companion receives food, basic clolhing, shelter and spending money. at present £43 per week plus
further £9, which is saved for when they leave.
Page 2

Emmaus Greenwich
(A company limited by guarantee)
Trustees. report (continued)
For the year ended 30 June 2024
Objectives and activities (continued)
The charity offers a wide variety of work opportunities and work experience, which enables the Companions to
learn skills required for various professions (e.g. catering, electrical, retail. transport and warehousing, data entry
etc.)
Set out below is a profile of the programmes and features offered to Companions:
Non-judgmental and welcoming to all, provided that the risk to Community is manageable
Establishment of identity through assistance wÈth application and payment for birth certificates, passports
and driving licences
Community life and Companionship
Companions stay for as long as they need to. The average length of stay in in 2023124 was 1 years and 9
months (2 years and 6 months in 2022123)
On the job training
Access to a qualified Counsellor. Catering Coach and Training and Development Coach
Access to health care
Citizenship through concem for others and working with the local Community
Integrating into local homeless provision
A road back from welfare to self-respect by being self-supporting
A pathway back into the world of work and job skills
As well as helping companions, Emmaus Greenwich also provides benefits to the Wider Community as follows:
The charity is a source of afft)rdable goods for the less well-off members of society. In addition, the charity
works in partnership with Social Services and Mental Health agencies and will, in Cases of special need.
provide items of furniture free of charge to members of the public.
Emmaus provides a service to the better-off members of society by collecting their unwanted goods,
which avoids them having to otherwise dispose of the goods. and also enables them to play a key part in
helping to alleviate the problem of homelessness.
As a local Community resource, the charity is active in building networks with other local organisations and
training providers. The charity is continually exploring ways in which the resources of the Commuriity
might be shared in creative ways for the future. and for the benefit of other organisations in the wider
Community. In particular this year staff and Companions have supported the Woolwich Service User
Project, wsup
As net contributors to local recyding targets, the charity helps to reduce the amount of material that ends
up in landfill sites by collecting unwanted goods from households and selling them in our shops, thereby
giving them a new and useful life.
Achievements and performance
a. Revlew of actlvities
Community
In the year to June 2024. Emmaus Greenwich continued to provide quality support and assistance to
Companions, creating a safe and happy home for 211 to live and work. During the year the Community supported
64 homeless people (45 in the previous year). Many of the Companions, after spending some time in the
Community, felt able to move on into independent accommodation. employment. reconnecting wtth and going to
live with family and friends, or moving on for other reasons.
We continued upgrading our main building. which has been renamed Coombe House in recognition of the work
of Don Coombe and the funds received by Emmaus Greenwich from the Coombe Trust. This includes new
windows throughout the building and improvements to the retail and back-office space. We again are grateful to
volunteer Peter Robinson for the support in co-ordinating building works and helping us optimise our building
spaces.
The Trustees would like to thank all the Companions, staff and volunteers, for their support and contribution to
Page 3

Emmaus Greenwich
(A company Ilmlted by guarantee)
Trust8es' report (continued)
For the year ended 30 June 2024
Achievements and perfomiance (continued)
Ihe stability of the Community over the course of the year.
Companion Support
All our Companions continue to receive one-to-one support sessions every four to six weeks, carried out by our
Community Support Worker. A weekly professional counselling service is also offered to Companions to deal
with more personal issues and goals.
The charitys strategy is to encourage Companions to move out of the Community once they have regained their
Confiden￿ and found an external job, but without pressurising the more vulnerable Companions who may want
to stay in the Community for extended periods. This year we have focussed on the ways we can support
Companions who wish to move on with their lives. Companions are given time off to find work and attend job
interviews. They have continued to be supported by an in-house employability coach. who comes weekly and
works with interested Companions on a one-to-one basis. Our Support team has worked with Companions on
the practical domestic and money management skills needed when moving out.
We have consulted on, reviewed and enhanced the Companion move on policy as we recognise the challenges
Companions face when they look to move to private accommodation to the surrounding area. Companions may
now live in Community for 12 weeks after starting a job. They may then move to an EmmHomes on 8 tapering
subsidised rent for up to a year. The extended move on allows us to maintain contact and support with
Companions as they take the next steps. This year 2 Companions have secured jobs and taken up the extended
move on policy and we expect take up to increase in the coming year.
We have also worked with local agencies to support older Companions. This year we have had 5 Companions
moving into retirement accommodation in the local area. 3 of these ex-companions return as volunteers and
friends. We are very pleased to maintain contact with former Companions as they move on and act as infomal
mentors to the Community.
The Gharity continues to provide training courses in Food Hygiene, First Aid, Health & Safety, Manual Handling.
Fire Marshalling and PAT testing for Companions and staff. Companions are also encouraged to attend
eveninglweekend training courses provided by extemal training providers to learn or improve their skills.
Emmaus UK and Emmaus International
As a member of Emmaus UK, the national organisation, the chariiy continues to benefit from advice and
assistan￿ on a number of matters including. marketing, recruitment and training. The charity is grateful to the
Emmaus UK staff for their readily available assistance.
The charity continues to play a role in the development and growth of Emmaus in the UK by welcoming visitors
and potential funders from other Emmaus Communities and Groups, including Emmaus Intemational. The
charity also actively participates in the Emmaus UK debates on the future direction of the Emmaus Federation.
In November we were delighted to host a lunch reception for Sir Terry Waite after he had received his
knighthood.
Page 4

Emmaus Greenwlch
(A company limited by guarantee)
Trustees. report (continued)
For the year 8nded 30 June 2024
Achlevements and perfomiance (Contlnued)
Solidarity
An important aspect of th@ charity's work is 8 term referred to as 'Solidarity'. which is working to help other
people or causes in greater need. We are conscious that working with other organisations and sharing expertise
and resources can have enhan￿d impact in the wider Community.
We continued with the Str88t Souls food and Companionship runs to support the street homeless in
Westminster and Greenwich. We have started working with local agencies supporting vulnerable families, this
has included the Warm Spaces initiative offering food and practical advice. We will be building on and refining
these Solidarity initiatives in the coming year, trying to target them to areas of greatest need.
We invested conslderable efforts in developing a Home for Now offering to support those who have been
granted refugee status. 4 residents have moved in.
In the year-.
The charity continued to support various solidarity causes, spending £14.634.
Tolal Solidarity payments to Emmaus UK, Emmaus Europe and Emmaus International were £14,321, and
includes proceeds from the Annual Solidarity Sale which raised a total of £764.
Discounts and goods given away to people on low income in our local Community.
The Community provided subsidised solidarity spaces.
Financial revlew
a. Going concern
After making appropriale enquiries, the trustees have a reasonable expectation that the charity has adequate
resourGes to continue in operational existenGe for the foreseeabl@ future. For this reason, they continue to adopt
the going concern basis in preparing the financial statements.
b. Grants, donations and other Income
The charity received a total of £104,857, which included grants of £55.716 and donations of £49.141.
Amongst the grants and donations were:
Anonymous - £19
Arlene Beare - £50
Boston Consulting Group Ltd - £19
Bruce Selby Bennett- £3,000
Cash Donation on the till - £130
Charities Trust- £374
CITI Group- £617
Claridge's Hotels - £8,595
Ebay & Paypal Charity Giving - £418
Emmaus UK Office - £7,681
J Gibbs - £300
Jane S Walker & Nazar H Georgis- £1,500
JAR Charitable Trust- £3,000
John Lewis- £1,583
Led by Donkeys - £1,000
Lloyds Art Group - £4.675
Matthew Hamett- £50
Mr Phillip Tither- £100
Mrs Eve Templeton - £180
Page 5

Emmaus Greenwich
(A company limited by guarantee)
Trustees, report {continuod)
For the year ended 30 June 2024
St John Church Plumstead - £500
stephen Rimmer LLP- £15.000
The Oddfellows (Lord Byron Lodge)- £350
Individual Donations
The charity received cash donations outside of the Retail Gift Aid scheme. We are very grateful to all our loyal
supporters and want to extend our thanks to donors who wish to remain anonymous.
c. Reserves Pollcy
The majority of the charills funds are invested in the Communitys fixed assets, including the premises,
vehicles, furniture and fittings, with a cost, after depreciation, of £1,382,462 at the year end. Net current assets
totalled approximately £1,298,777, which is more than enough to meet the trustees. goal of holding sufficient
contingency reserves to cover four months operating expenditure (being approximately £377,748, based on
average monthly expenses of £94,437).
d. Trading Performance
In the year, business and other income (excluding grants and donations) covered 91.90A of the charity's total
expenses (2022123: 105.3 /0). Shop revenues were again up, by 8.50/0 this year.
Income was down compared to last year due mainly to lower donations and lower Housing Benefit. Expenditure
increased, mainly to higher repairs and maintenance costs. The two combined. and other results, led to a decline
in net income for the financial year.
structure, governance and management
a. Constitution
The charity is registered as a company limitad by guarantee and was set up by a Memorandum of Association on
20 August 1997.
The charity is constituted under a Memorandum of Association and is a registered charity number 1064472.
b. Methods of appointment or election of Trustees
Trustees are elected and re-elected in aGGordance with the terms of the Memorandum of Association. The Board
appoints new trustees based on the recommendation of the chair of trustees and one other trustee who are
together responsible for interviewing potential trustees. Appointments are made on a consideration of the
requirements of the charity and an assessment of the skills, specialist knowledge and expertise offered by the
prospective trustee and the needs of the charity.
Trustees give their time freely as volunteers and receive no benefits from the charity. The current Trustees are
shown on page 1.
c. Policies adopted for the Induction and training of Trustees
New Trustees are given an infomiation pack about the charity and an existing Trustee meets with them
individually to acquaint them with matters Gon￿rnIng the charity. Where appropriate, the charity will find suitable
training courses for Trustees to attend.
One key issue for new Trustees is gaining an und8rstsnding of how Emmaus Communities work. They are
therefore encouraged to Vistt the chariws premises and other Communities and meet with other members of the
Emmaus movement. There is a comprehensive range of trustee online training provided by Emmaus UK which
truslees are encouraged to attend.
Page 6

Emmaus Greenwich
{A company limited by guarantee)
Trustees. report (continued)
For the year ended 30 June 2024
Structure> governance and management (contlnued)
d. Management Structure and decision making
The govemance of the charity is the responsibility of the board of Trustees. The board delegates certain day-
today management responsibilities to the Chief Executive.
The board of Trustees meets once every two months and more frequently if required. There are sub-committees
meeting between trustees meetings focusing on Finance, Human Resources and Welfare and Property. The
FinanGe sub-committee, consisting of the Chief Executive and two Trustees including the treasurer, oversees all
financial matters. The Human Resources and Welfare sub-committee meets lo Consider people related issues.
The Human Resources and Welfare committee has had a busy year supporting staff recruitment. The Property
sub-committee meets as necessary to discuss refurbishment, maintenance and expansion plans. Trustee
Companion forums are held on an ad hoc basis. which enables the Companions to m88t with and provid8
feedback and suggestions direGtly to the board.
The Chief Executive is responsible for putting the Emmaus Greenwich Communitys vision and strategy into
effect, including day-to-day responsibility for fundraising, risk management, marketing, external relations and
management of the other members of the management team. comprising the Community Manager, Logistics &
Audit Manager, Retail Manager and Solidarity Development Manager.
The Community Manager is responsible for the recruitment, welfare and support of the Companions and the
day-to-day operation of the Community. This includes running Community meetings to discuss and agree the
management of the Community with Companions. Our long seNing Community Manager moved at the end of
the year to a role at Emmaus UK.
The Logistics and Audil Manager is responsible for managing the logistics operations including line managing
the Logistics Co-ordinator and the van crew. Ensuring Health & Safety compliance across the back of house
areas, and audit compliance across the business.
The Retail Manager is responsible for the performance of the social enterprise retail and online sales outlets.
We appointed an agency, Accountancy Aid to prepare the management reports, and VAT for the organisation.
The Finance Officer is responsible for maintaining the financial records within the organisation and payroll.
Solidarity Development Manager is responsible for managing Emmaus Greenwich's solidarity activities, including
running of Street Souls our outreach service; Undertaking outreach work to increase Emmaus Greenwich's
profile locally and in th8 wider Community., Establishing links with relevant agencies and organisations to.
broaden our social impact; Fundraising to successfully fund the cost of running the solidarity activities and
projects.
The charity encourages Companions to develop their personal responsibility and skills by taking part in a wide
variety of roles within the Community. This enables Companions to regain their self-respect, with some moving
on to gain employment in other organisations.
Most decisions are taken by the Chief Executive and the senior management team. with certain decisions,
including in respect of policies and strategy, taken by the board of Trustees or one its sub-committees.
Page 7

Emmaus Greenwich
(A company limited by guarantee)
Trustees. report {continued}
For the year ended 30 June 2024
Structure J governance and management (continued)
8. Risk Management
The board of Trustees is responsible for assessing the risks faced by the charity and for ensuring that
appropriate systems and procedures have been eslablished lo mitigate such risks. The Chief Executive and the
senior management team are responsible for ensuring thal risk related policies and procedures are complied
with on a daily basis and a Trustee signs off monthly. Key risks are discussed by the Board of Trustees at the
regular Trustee meetings.
As part of the charity's risk management, the Health and Safety policy and procedures are reviewed regularly,
including a weekly test of the fire alarm and. periodically, a fire drill. Also, financial controls have been
established and are monitored according to Charity Commission guidelines and Disclosure and Barring Service
(DBSI checks have been completed for all staff and volunteers whose duties include working with Companions.
Plans for future periods
Broaden Our Social Impact
Our Solidarity team will work with local partners to address social exclusion. We will enhance our Street Souls
offering to increase the numbers supported by developing Solidarity Points which serves as an entry point to
early intervention support network in the Greenwich area. The aim of early intervention support network is to
help, offer resources and guidance to individuals before their challenges escalate, and promote a sense of
solidarity and collaboration within the local Community. We will work alongside other agencies including
Greenwich Council pn)viding access to e.g. health services, family mediation. legal advice, training courses, debt
advice. We will develop a Home for Now offering to support homelessness charities and advice service providers
assisting people with limited entitlements. Asylum Support Accommodalion service providers and support groups
working with refugees. Local aulhorities and their commissioned services, i.e., outreach- and also Individuals
experiencing homelessness and in need of legal advice.
Maximising Business Profitability
Our current business is profitable although there is increased competition on the high street and online. We
ontinue to focus on improving profitability. particularly by increasing our marketing efforts and by improving our
operational efficiency.
Enabling Companions to Move On
We Gontinue to support Companions who wish to enhance their employability skills and move on with a training
coach. The coach works with Companions both on their employability skills and how they can support a tenancy.
We wll assist Companions to re-build their confidence and skills to live independently.
Page 8

Emmaus Greenwich
(A company limited by guarantee)
Trustees, report (continued)
For the year ended 30 June 2024
Statement of Trustees. responsibilities
The Trustees (who are also the Directors of the Charity for the purposes of company law) are responsible for
preparing the Trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Actspted Accounting Practi￿).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law,
the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair
view of the state of affairs of the Charity and of its income and application of resources, including its income and
expenditure, fof that period. In preparing these financial statements, the Trustees are required to-
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 102)"
make judgem8nts and accounting estimates that are reasonable and prudent-
state whether applicable UK Accounting Standards (FRS 102) have been followed. subject to any material
departures disclosed and explained in the financial statements-
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charitys transactions and disclose with reasonable accuracy at any time the financial position of the Charity
and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
The Trustees are responsible for the rna1ntenan￿ and integrity of the corporate and financial infomiation
included on the charitable companls website. Legislation in the United Kingdom goveming the preparation and
dissemination of financial statements may differ from18gislation in other jurisdictions.
Dlsclosure of informatlon to auditor
Each of the persons who are Trustees at the time when this Trustees, report is approved has confimied that:
so far as that Trustee is aware, there is no relevant audit infomiation of which the charitys auditor is
unaware, and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of
any relevant audit information and to establish that the chariws auditor is aware of that information.
Approved by orde
of the members of the board of Trustees on
J31
and signed on their behalf by.
ritton
Page 9

Emmaus Greenwich
(A company limited by guarantee)
Independent auditorfs report to the Members of Emmaus Greenwich
Opinion
We have audited the financial statements of Emmaus Greenwich (the 'charity') for the year ended 30 June 2024
which comprise the Statement of financial activities, the Balants sheet, the Statement of cash flows and the
related notes, including a summary of significant accounting policies. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements-
give a true and fair view of the state of the charitable companys affairs as at 30 June 2024 and of its
incoming resources and application of resources, including its income and expenditure for the year then
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice- and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
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 Auditorfs responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom.
including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance wilh these requirements. We believe that the audil evidence we have obtained is
sufficienl and appropriate to provide a basis for our opinion.
Conclusions relating to going conc8m
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 appropriate.
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 companls ability to
Gontinue as a going concern for a period of at least twelve months from when the financial statements are
authorised for issue.
Our responsibilities and the regponsibilities of the Trustees with respect to going concern are described in the
relevant sections of this report.
Page 10

Emmaus Greenwlch
(A company limited by guarantee)
Independent auditor's report to the Members of Emmaus Greenwich (continued)
Other infomiation
The other infomiation comprises the information included in the Annual report other than the financial statements
and our Audito¢s report thereon. The Trustees are responsible for the other infomiation contained within the
Annual report. Our opinion on the financial statements does not cover the other information and, except to the
extent otherwise explicitly stated our report, we do not express any form of assurance conclusion thereon. Our
responsibility is to read the other infomiation and. in doing so. consider whether the other infomiation is
materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or
otherwlse appears to be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to detemiine whether this gives rise to a material misstatement in the financial
statements themselves. If. based on the work we have performed, we Conclude 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.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit."
the information given in the Trustees, report for the financial year for which the financial statements are
prepared is consistent with the financial statements.
th8 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 our knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misstatements in the Trustees, report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires
us to report to you if. in our opinion:
adequate accounting records have not been kept, or retums adequate for our audit have not been
received from branches not visited by us" or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of Trustees. remuneration specified by law are not made. or
we have not received all the information and explanations we require for our audit., or
the Trustees were not entitled to pr8par8 th8 financial statements in accordan￿ with the small companies
regime and take advantage of the small companies. exemptions in preparing the Trustees, report and
from the requirement to prepare a Strategic report.
Responsibilities of trustees
As explained more fully in the Trustees, responsibilities statement. the Trustees (who are also the directors of the
charitable company for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such intemal control as the
Trustees detemiine is necessary to enable the preparation of financial statements that are free from material
misstatement. whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable companvs abilÉty
to continue as a going concern. disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease
operations, or have no realistic alternative but to do so.
Page11

Emmaus Greenwich
(A company Ilmited by guarantee)
Independent audltors report to the Members of Emmaus Greenwich (contlnu8d)
Auditor's responsibilities for the audit of the financial ststements
Our objectives are to obtain reasonable assuran￿ about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an Auditovs 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 misststement when it exists. Misstatements can arise
from fraud or error and are considered material if. individually or in the aggregate, th8y could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, to delect material misstatements in respect of irregularities,
including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is
detailed below:
Based on our understanding of the charity and the sector as a whole, and through discussion with the Trustees
and other management (as required by auditing standards), we identified the principal risks of non-compliance
wilh laws and regulations. We considered the extent to which non-compliance might have a material effeGt on
Ihe financial statements. We also considered those laws and regulations that have a direct impact on th8
preparation of the financial statements such as the Charities SORP (FRS 102) Second Edition (released October
2019), the Companies AGt 2006 and other relevant charity legislation. We communicated identtfied laws and
regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.
We evaluated Trustees. and management's incentives and opportunities for fraudulent manipulation of the
financial statements (including the risk of override of controls). Audtt prO￿dureS performed by the engagement
team included=
Discussions with management and assessment of known or suspected instances of non-compliance with
laws and regulations (including health and safety) and fraud. and review of the reports made by
management and
Assessment of identified fraud risk factors; and
Performing analytical procedures to identify any unusual or unexpected relationships, including related
party transactions, that may indicate risks of material misstatement due to fraud,. and
Confimiation of related parties with management. and review of transactions throughout the period to
identify any previously undisclosed transactions with related parties outside the normal course of
business., and
Performing analyiical procedures with automated data analytics tools to identify any unusual or
unexpected relationships, including related party transactions, that may indicate risks of material
misstatement due to fraud-, and
Reading minutes of meelings of those charged with govemance, and reviewing correspondence with
relevant tax and regulatory authorities., and
Review of significant and unusual transactions and evaluation of the underlying financial rationale
supporting the transactions- and
Identify'ng and testing journal entries, in particular any manual entries made at the year end for financial
statement preparation.
Because of the inherent limilations of an audit, there is a risk that we will not detect all irregularities. including
those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional cOn￿alMent, forgery, collusion, omission or misrepresentation.
As part of an audit in accordance with ISAS (UK), we exercise professional judgement and maintain professional
scepticism throughout the audit. We also-
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or
error. design and perform audit procedures responsive to those risks. and obtain audit evidence that is
sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material
Page 12

Emmaus Greenwich
(A company limited by guarantee)
Independent auditor's report to the Members of Emmaus Greenwich (continued)
misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve
collusion, forgery, intentional omissions, misrepresentations. or the override of internal control.
Obtain an understanding of intemal control relevant to the audit in order to design audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness
of the charitable company's internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the Trustees.
Conclude on the appropriateness of the Trustees, use of the going concern basis of accounting and,
based on the audit evidence obtained, whether a tnaterial unGertainty exists related to events or conditions
that may cast significant doubt on the charitable companrfs ability to continue as a going concern. If we
conclude that a material uncertainty exists, we are required to draw attention in my Auditor's report to the
related disclosures in the financial statements or. if such disclosures are inadequate, to modify Ouf
opinion. Our conclusions are based on the audit eviden￿ obtained up to the date of my Auditorfs report.
However, future events or conditions may cause the charitable company to cease to continue as a going
concern.
Evaluate the overall presentation, structure and content of the financial statements, induding the
disclosures, and whelher the financial statements represent the underlying transactions and events in a
manner that achieves fair presentation.
We communicate with those charged with governance regarding. among other matters, the planned scope and
timing of the audit and significant audit findings, including any significant deficiencies in internal control that we
identify during our audit.
Use of our report
This report is made solely to the charitable companys members. as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable
companvs members those matters we are required to state to them in an Auditor's report and for no other
purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than
the charitable company and its members, as a body. for our audit work, for this report, or for the opinions we
have formed.
Lucy Hammond Bsc FCA (Senior statutory auditor)
for and on behalf of
Kreston Reeves LLP
Chartered Accountants
statutory Auditor
Chatham Office
Date:
Page 13

Emmaus Greenwlch
(A company limited by guarantee)
Statement of flnanclal aGtivities (Incorporating Income and exp8nditur8 account)
For the year ended 30 June 2024
Restrict8d Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Charitable activities
Investments
$4,301
49.805
974,039
63,372
104,106
974.039
63,372
391,109
957,240
35,706
Total income
54,301
1,087,216
1,141,517
1.384,055
Expendlture on:
Charitsble activities
48,493
1.097,386
1,145,879
943,009
Total expenditure
48,493
1,097.386
1.145,879
943,009
Net in¢omel{expenditure) before net
(losses)Igains on investments
Net (losses}Igains on investments
5,808
(10,170)
{70,000)
{4,362)
{70,000)
441,046
125,000
Net movement in funds
5,808
(80,170)
{74.362)
566,046
Reconciliation of funds:
Total funds brought forward
Net movement in funds
9,235
5,808
2,661,537
(80,170)
2,670,772
(74,362)
2,104.726
566,046
Total funds carried forward
15,043
2,581,367
2,596,410
2,670,772
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 17 to 34 form part of these financial statements.
Page 14

Emmaus Greenwich
{A company limited by guarantee}
Registered number: 03422357
Balance sheet
As at 30 June 2024
2024
2023
Note
Fixed assets
Tangible assets
Investment property
11
12
1,033,354
1,070,703
360,000
1,033,354
1,430,703
Current assets
Stocks
Debtors
Investments
Fixed assets held for sale
13
14
15
6,049
59,084
1,060,664
290,000
235,516
5,149
57,072
952,554
Cash at bank and in hand
352.119
1,651.313
1.366,894
Creditors: amounts falling due within one
year
16
(88,257}
(126,825)
Net current assets
1,563,056
1.240,069
Total net assets
2,596.410
2.670,772
Charity funds
Restricted funds
Unrestricted funds
17
15,043
9.235
18
Designated funds
General funds
17
1,033,354
1,548,013
2,660,042
1.495
17
Total unrestricted funds
17
2,581.367
2,661.537
Total funds
2,S96,410
2,670,772
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordan￿ with the provisions applicable to entities subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on l o
their behalf b
?sJis
and signed on
E Britton
The notes on pages 17 to 34 form part of these financial statements.
Page15

Emmaus Greenwich
(A company Ilmited by guarantee)
Statement of cash flows
For the year ended 30 June 2024
2023
(Restated)
2024
Cash flows from operating activities
Net cash used in operating activities (Note 20)
(2,214)
569,529
Cash flows from investing activities
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
15,350
(52,727)
(6,279)
Net cash used in investing activities
{6,279)
{37,377)
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
(8,493)
1,304,673
532,152
772.521
Cash and cash equivalonts at tho end of the year
1,296.180
1.304,673
The notes on pages 17 to 34 form part of these financial statements
Page 16

Emmaus Greenwlch
(A company limlted by guarantee)
Notes to the financial statements
For the year ended 30 June 2024
General infomiatlon
The Charity is a private company limited by guarantee and is incorporated in England and Wales. The
address of the registered office is 226 Elmley Street, Plumstead, London, SE18 7NN. The principal activity
of the charity is to provide homeless and unemployed people with a home, meaningful work,
companionship and a chance to regain self-respect.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)
Accounting and Reporting by Charities: Statement of Recommended Practi￿ 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 Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Emmaus Greenwich meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless othe￿iSe stated in the
relevant accounting policy.
The financial statemtns have been prepared in pound sterfing rounded to the nearest £.
2.2 Going concern
The Trustees assess whether the use of going concern is appropriate i.e. whether there are any
material uncertainties related to events or conditions that may cast significant doubt on the ability of
the Charity to continue as a going concem. The Trustees make this assessment in respect of a
period of al least one year from the date of authorisation for issue of the financial statements and
have concluded that the Charity has adequate resources to continue in operational existence for the
foreseeable future and there are no material uncertainties about the Charity's ability to continue as a
going concem. thus they continue to adopt the going concern basis of accounting in preparing the
financial statements.
Page 17

Emmaus Greenwlch
(A company limited by guarantee)
Notes to the financial statements
For the year ended 30 June 2024
Accounting policies (continued)
2.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a re￿1vable basis. The balance of
income received for specific purposes but not expended during the period is shown in the relevant
funds on the Balance sheet. Where income is received in advance of entitlement of receipt. its
recognition is deferred and included in creditors as deferred income. Where entitlement occurs
before income is received, the income is accrued.
Gifts in kind donated for distribution are included at valuation and recognised as income when they
are distrrbuted to the projects. Gifts donated for resale are included as income when they are sold.
Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to
measure this reliably, in which case the cost of the item to the donor should be used. The gain is
recognised as income from donations and a corresponding amount is included in the approprtate
fixed asset class and depreciated over the useful economic life in accordance with the Charitys
accounting policies.
On receipt. donated professional services and facilities are recognised on the basis of the value of
the gift to the Charity which is the amount it would have been willing to pay to obtsin seNices or
facilities of equivalent economic benefit on the open mark&t', a corresponding amount is then
reGognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
Accomodation receipts are recognised for the period in which they are receivable.
2.4 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 benefils will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is Glassified by aclivity. 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 be￿een those activities on a basis consistent with
the use of resources. Central staff Gosts are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charitrfs objectives. as well as any associated support costs.
Grants payable are charged in the year when the offer is made ex￿pt in those cases where the offer
s conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a
commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
Page 18

Emmaus Greenwich
(A company Ilmited by guarantee)
Notes to the financial Statements
For the year ended 30 June 2024
Accounting policies (continued)
2.5 Government Grants
Govemment grants are credited to the Statement of financial activities as the related expenditure is
incurred.
2.6 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity,. this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
2.7 Taxatlon
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act
2010 and therefore it meets the definition of a charitable company for UK corporation lax purposes.
Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are
applied exclusively to charitable purposes.
2.8 Tangible fixed assets and depreciation
Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially racognised at cost. After recognition, under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impaimient
losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
At each reporting date the Charity assesses whether there is any indication of impairment. If such
indication exists, the recoverable amount of the asset is determined to be the higher of its fair value
less costs to sell and its value in use. An impairment loss is recognised where the carying amount
exceeds the recoverable amount.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives. using the straight-line method.
Depreciation is provided on the following bases-
Freehold property
Motor vehicles
Fixtures and fittings
25 /0 Straight line
20 % - 300/0 straight line
Page 19

Emmaus Greenwich
(A company limited by guarantee)
Notes to the financial statements
For the year ended 30 June 2024
Accounting policies (continued)
2.9 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value
cannot be measured reliably in which case it is measured at Gost less impairment. Investment gains
and losses. whether realised or unrealised, are combined and presented as 'Gains/(Losses) on
investments, in the Statement of financial activities.
The Trustees policy is to revalue the charitvs investment property at each reporting date.
No depreciation is provided in respect of investment properties in accordance with section 16 of FRS
102 "Investment Propert
2.10 Stocks
Stocks are valued at the lower of cost and net realisable value and net realisable value after making
due allowance for obsolete and slow-moving stocks. Stock does not included donated assets for sale
as it is impractical to measure reliably the fair value of these donated assets.
2.11 Debtors
Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the
amount prepaid.
2.12 Cash at bank and Sn hand
Cash at bank and in hand indudes cash and short-temi highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
2.13 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the
amount it has re￿iVed as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rale that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.14 Financial instruments
The Charity only has financial assets and financial liabilFties of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
2.15 Operatlng leases
Rentals paid under operating leases are charged to the Statement of financial adivities on a straight-
line basis over the lease term.
Page 20

Emmaus Greenwich
(A company Ilmited by guarantee)
Notes to the financial statements
For the year ended 30 June 2024
Accountlng pollcles (contlnued)
2.16 Pensions
The Charity operates a defjned contribution pension scheme and the pension charge represents the
amounts payable by the Charity to the fund in respect of the year.
2.17 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is set out in the notes to the financial
statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the Charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restriGted
fund is set out in the notes to the financial ststements.
Investment income. gains and losses are allocated to the appropriate fund.
Critical accounting estimates and areas of Judgement
Estimates and judgements are continually evaluated and are based on historical experience and other
factors, including expectations of future events that are believed to be reasonable under the
circuMstan￿s.
Critical accounting estimates and assumptions:
The Charity makes estimates and assumptions conceming the future. The resulting accounting estimates
and assumptions will, by definition, seldom equal the related actual results. The estimates and
assumptions that have a significant risk of causing a material adjustment to the carrying amounts of
assets and liabilities within the next financial year are discussed below.
Critical areas of judgement-.
The charity has recognised tangible fixed assets with a carrying value of £1,033,354 (see note 10). These
assets are stated at their cost less provision for depreciation and impaimient.
The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful
lives and the residual values of the assets. The useful economic lives and residual values are reassessed
annually. They ar8 amended when necessary to reflect current 8Stimates, based on technological
advancement, future investments , economic utilisation and the physical condition of the assets.
Page 21

Emmaus Greenwich
(A company limited by guarantee)
Notes to the financlal statements
For the year ended 30 June 2024
Income from donations and legacies
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Donations
Grants
48.390
1,415
48.390
55.716
371,480
19.629
54,301
54.301
49,805
104,106
391,109
Total 2023
19.260
371,849
391,109
Income from charitable activities
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Trading income
Accomodation receipts
Other income
583,637
383,760
6,642
583,637
383,760
6,642
539,191
417,885
974,039
974,039
957,240
Total 2023
957,240
957.240
Investmgnt incomo
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Rental income
Bank interest
33.617
29,755
33,617
29,755
21,117
14,589
63,372
63,372
35,706
Total 2023
35,706
35,706
Page 22

Emmaus Greenwich
(A company limited by guarantee)
Notes to the financial statements
For the year ended 30 June 2024
Analysis of expendlture on charitable activitles
Summary by fund type
Restricted Unrestricted
funds
funds
2024
2024
Total
2024
Total
2023
Charity shops and provision of
accommodation
48,493
1.097.386
1,145,879
943,009
Totsl 2023
12,329
930.680
943,009
Analysis of expenditure by activities
Activities
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Charity shops and provision of
accommodation
341,666
804.213
1,145,879
943,009
Total 2023
298,223
644.786
943,009
Page 23

Emmaus Greenwich
(A company limited by guarantee)
Notes to the financial statements
For the year ended 30 June 2024
Analysis of expenditure by activities (continued)
Analysis of direct costs
Charity shops and
provision of
acGommodation
2024
Total
funds
2024
Total
funds
2023
Weekly allowances
Food and Sundries
Direct companion expenses
Counselling
Rent, rates and water
Direct shop costs
63,534
39,974
28,524
3.255
59,938
146,441
63,534
39,974
28,524
3,255
59,938
146,441
73,409
30,180
31,819
2,340
60,662
99,813
341,666
341.666
298,223
Total 2023
298.223
298,223
Analysis of support costs
Charity shops and
provision of
accommodation
2024
Total
funds
2024
Total
funds
2023
Staff costs
317,460
43,628
114,984
112,144
(5.314)
11,505
8,350
35
201,421
317,460
43,628
114,984
112.144
(5.314)
11,505
8,350
35
294,178
48,212
129,417
85.109
9,038
13,582
7.875
{30)
57,405
Depreciation
Management and administration
Premises expenses
Solidarity
Accounting fees
Auditors, remuneration
Legal and professional fees
Repairs and maintenan
201,421
804,213
804,213
644,786
Total 2023
644,786
644,786
Page 24

Emmaus Greenwich
(A company limited by guarantee)
Notes to the financial statements
For the year ended 30 June 2024
Staff costs
2024
2023
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
272,448
32,011
13.001
260,638
23,103
10,437
317,460
294.178
The average number of persons employed by the Charity during the year was as follows:
2024
2023
Chaitable activities and administration
12
10
No employee re￿iVed remuneration amounting to more than £60,000 in either year.
During the financial year, remuneration and benefits totalling to £121.656 (2023: £90.194) were paid to
the Chariws key management personnel.
10. Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 30 June 2024, no Trustee expenses have been incurred (2023 - £NIL).
11.
Tangible fixed assets
Freehold
property
Molor Flxtures and
vehicles
fittings
Total
Cost or valuation
At 1 July 2023
Additions
Disposals
1,355,508
6,279
72,965
44.407
1,472,880
6,279
(7,660)
{7,660)
At 30 June 2024
1,361,787
65,305
44,407
1,471,499
Depreciation
At 1 July 2023
Charge for the year
On disposals
343,748
26,054
19,426
16,326
{7,660)
39,003
1.248
402,177
43.628
(7,660)
At 30 June 2024
369,802
28,092
40,251
438,145
Page 25

Emmaus Greenwich
(A company limited by guarantee)
Notes to the financial statements
For the year ended 30 June 2024
11. Tangible fixed assets {contlnued)
Freehold
property
Motor Flxtures and
vehlcles
rittings
Total
Net book value
At 30 June 2024
991,985
37,213
4,156
1,033,354
At 30 June 2023
1,011,760
53,539
5,404
1.070,703
12.
Investment property
F￿ehOld
investment
property
At 1 July 2023
Deficit on revaluation
Transfers be￿een classes
360,000
(70,000)
(290,000)
At 30 June 2024
The Trustees have made the decision to sell the investment property and it has therefore been
reclassified as a Fixed assot held for sale and included within current assets at its open market value.
13. Stocks
2024
2023
stock
6,049
5,149
14. Debtors
2024
2023
Due within one year
Trade debtors
Other debtors
Prepayments and accrued income
5,868
5,529
47,687
3,878
15,382
37,812
59,084
57,072
Page 26

Emmaus Greenwlch
(A company Ilmlted by guarantee)
Notes to the financial statements
For the year ended 30 June 2024
15.
Current asset Investments
2024
2023
Flagstone account
1.060,664
952,554
16.
Creditors". Amounts falling due within one year
2024
2023
Trade creditors
11.537
8.430
17.036
51,254
40,276
7,330
28,503
50.716
Other taxation and social security
Other creditors
Accruals and deferred income
88,257
126,825
Page 27

Emmaus Greenwich
(A company limited by guarantee)
Notes to the financial statements
For the year ended 30 June 2024
17.
Statement of funds
Statement of funds - current year
Balance at
30 June
2024
Balance at 1
July 2023
Transfers
inlout
Galnsl
(Losses)
Income Expenditure
Unrestricted
funds
Designated
funds
Fixed Asset
Fund
Solidarity
Activities
1,430.702
(43.628)
(283,720)
{70,000)
1,033,354
516,817
485,000
159,402)
(457,415)
(485,000)
New propety
Refurb Elmley
Street
New vehicles
Contingency
reserve (
Previously..
Energy crisis)
85,523
42.000
(85.523)
(42,000)
100,000
(100,000)
2,660.042
(188.553) (1.368,135)
{70,000) 1,033,354
General funds
General Funds
1,495
1,087.216
(908,833)
1.368,135
1,548,013
Total
Unrestricted
funds
2,661,537
1,087,216 {1,097.386)
(70,000) 2.581,367
Page 28

Emmaus Greenwlch
(A company limited by guarantee)
Notes to the financial statements
For the year ended 30 June 2024
17. Statement of funds (contlnued)
Restricted
funds
Emmaus UK
Companion
Training Fund
Emmaus UK IT
Support
RBG Warm
Spaces
RBG Small
Funds
The Albert Hunt
The National
Lottery CF
1,330
1,508
(2,538)
300
861
{356)
505
588
2.734
(2,399)
923
7,317
9,538
7,000
(7,067)
(3,473)
9,788
3,527
32,660
{32.660}
9,235
54,301
{48.493}
15.IM3
Total of funds
2,670,772
1,141,517 (1,145.879}
{70,000) 2,596,410
Statement of funds - prior year
Balance at
30 June
2023
Balance at
1 July 2022
Transfers
inlout
Gainsl
(Losses)
Income Expenditure
Unrestricted
funds
Designated
funds
Fixed Asset
Fund
Solidarity
Activities
New property
Refurb Elmley
Street
New vehides
Contingency
reserve {
Previously..
Energy crisis)
(76.689)
1.382,391
125,000
1.430,702
(25.183}
542,000
485,000
516,817
485,000
(14.477)
100,000
42,000
85,523
42,000
100,000
100,000
{116,349) 2,651,391
125.000
2.660,042
Page 29

Emmaus Greenwich
{A company limited by guarantee)
Notes to the flnanclal statements
For the year ended 30 June 2024
17. Statement of funds (continued)
General funds
Fixed Asset
Fund
General Funds
1,094,664
1,007,758
(1.094,664)
(814,331) (1.556.727)
1,364.795
1,495
2,102,422
1,364,795
(814,331) (2,651,391)
1,495
Total
Unrestricted
funds
2.102,422
1,364.795
(930,680)
125,000
2.661,537
Restricted
funds
Emmaus UK
Companion
Training Fund
Emmaus UK IT
Support
RBG Warm
Spaces
RBG Small
Funds
2,304
2.502
(3,476)
1,330
4,044
(4.044)
2.814
(2,226)
588
9.900
(2,583)
7.317
2,304
19,260
(12,329)
9,235
Total of funds
2,104,726
1.384,055
(943,009)
125,000
2,670,772
Page 30

Emmaus Greenwich
(A company limited by guarantee)
Notes to the financial statements
For the year ended 30 June 2024
Restricted Funds Comprise:
a). Emmaus UK- IT Support Grant
Represents donations from Emmaus UK towards the costs of IT support.
b). RBG Wami Spaces and RBG Small Spaces
Street Souls
Emmaus Greenwich Oulreach Services. delivery of a weekly service iming to support
people in the local area who are struggling due to the cost of living crisis, feelng isolated andlor seeking
somehwere warm and welcoming during the winter months.
c}.National Lottery Grant
Funding to continue providing and expanding the Street Souls offer.
Designated Funds Comprise:
a) Fixed Asset Fund
Funds tied up within fixed assets on the balance sheet.
During the year Emmaus Greenwich have decided to transfer out all other designated funds to general
funds, as they plan to review designations against plans in 2025. For comparative purposes the
designated funds were as follows..
bl. Contingency Reserve
Provision for increases in costs such as energy. gas and maintenance, amount sel aside by the Trustees
based on worst case scenario increases, principally in energy costs.
c). Solidarity Activities including Streel Souls
To broaden our social impact to address social exclusion through our Outreach serVi￿S, over a three
year period, amount set aside by Trustees.
d). New propety
Set aside for planned expansion of the services offered, based upon a 2023 estimated cost for a property
similar to the one already owned.
e). Refurb Elmly Street
Work to improve and upgrade both Ihe provision of companion spaces and offices, based on project
budgeled costs
. New Vehicles
Vehicles required for the day to day op8rations, based on estimated cost of two vehicles.
Page 31

Emmaus Greenwich
(A company limlted by guarantee)
Notes to the financlal statements
For the year ended 30 June 2024
18.
Summary offunds
Summary of funds - Current year
Balance at 1
July 2023
Balance at
30 June
2024
Transfers
inlout
Gainsl
(Losses)
Income Expenditure
Designated
funds
General funds
Restricted funds
2,660.042
1.495
9,235
{188,553) (1,368,135)
(908,833) 1,368.135
(48,493)
(70,000)
1,033,354
1,548,013
15,043
1.087,216
54,301
2.670,772
1,141,517 {1,145,879)
(70,000) 2,596,410
Summary offunds - prior year
Balance at
1 July 2022
Balance at
30 June
2023
Transfers
inlout
Gainsl
(Losses)
Income Expenditure
Designated
funds
General funds
Restricted funds
(116,349)
2,651.391
(814,331) (2,651,391)
{12.329}
125,000
2,660.042
1,495
9,235
2.102,422
2,304
1,364,795
19,260
2.104,726
1,384,055
(943,009)
125,000
2,670,772
19.
Anatysis of net assets between funds
Analysis of net assets between funds - current period
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
1.033,354
1,636.270
(88,257)
1,033,354
1,651,313
{88.257)
15,043
Total
15,043
2,581,367
2,596,410
Page 32

Emmaus Greenwlch
(A company limited by guarantee)
Notss to the financlal statements
For the year ended 30 June 2024
19. Analysis of net assets between funds {continued)
Analysis of net assets between funds - prior period
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Tangible fixed assets
Investment property
Current assets
Creditors due within one year
1,070,703
360,000
1,357,659
(126,825)
1,070,703
360.000
1,366,894
(126,825)
9.235
Total
9,235
2.661,537
2,670,772
20. Reconciliation of net movement in funds to net cash flow from operating activitFes
2023
(Restated)
2024
Net incomelexpenditure for the period (as per Statement of Financial
Activities)
(74,362)
566,046
Adjustments for..
Depreciation charges
Loss on the sale of fixed assets
Decreasel{increase) in stocks
Decreasel(increase) in debtors
Increasel{decrease) in creditors
Movements relating to investment property
43,628
48,211
13,127
7,506
260,892
33.747
(360,000)
(900)
(2,012)
{38,568)
70,000
Net cash provided byl(u$ed In) operating activities
(2,214)
569,529
21. Analysis of cash and cash equivalents
2024
2023
Cash in hand
1,296.180
1,304,673
Total cash and cash equivalents
1,296,180
1,304,673
Page 33

Emmaus Greenwich
(A company limited by guarantee)
Notes to the flnanclal statements
For the year ended 30 June 2024
22. Analysis of changes in net debt
At 1 July
2023 Cash flows
At 30 June
2024
Cash at bank and in hand
Liquid investments
352,119
952,554
(116,603)
108,110
235,516
1,060.664
1,304.673
(8,493)
1,296,180
23.
Pension commitments
The Charty operates a defined contribution pension scheme. The assets of the scheme are held
separately from those of the Charity in an independently administered fund. The pension cost charge
represents contribution5 payable by the Charity to the fund and amounted to £13,001 (2023 £10,437).
Contributions of £1,874 (2023 - £1.737) were payable to the fund at the Balance sheet date and are
included in creditors.
24.
Operating lease commitments
At 30 June 2024 the Charity had commitments to make future minimum lease payments under non-
cancellable operating leases as follows-
2024
2023
Not later than 1 year
Later than 1 year and not later than 5 years
32,558
33,817
25,000
32,558
58,817
25.
Related party transactions
During the year Nazar Georgis (Trustee) undertook a fundraiser on behalf of Emmaus Greenwich with a
group of associates and, donated £1,500 to Emmaus Greenwich. {2023: £0)
26.
Post balance sheet events
Since the year end the Charity has entered into a lease for the property of Ground Floor Retail Unit and
Basemenl, 197 Lewisham High Street SE13 6AA. this was signed on 24th Februaury 2025.
Page 34