2025-06-30-accounts

Registered number: 03422357 Charity number: 1064472

Emmaus Greenwich

(A company limited by guarantee)

Trustees' report and financial statements

For the year ended 30 June 2025

Emmaus Greenwich

(A company limited by guarantee)

Contents

		Page
Reference and administrative details ofthe Charity, its Trustees and advisers		1
Trustees’ report	'	2-10
Independent auditors' report on the financial statements		11-14
Statement offinancial activities		15
Balance sheet		16
Statement ofcash flows		17
Notestothefinancialstatements		18-35

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Emmaus Greenwich

(A company limited by guarantee)

Reference and administrative details of the Charity, its Trustees and advisers For the year ended 30 June 2025

Trustees	E Britton
	S Brooks (appointed 27 March 2025)
	T Dzgoeva
	N Georgis
	D Hayes
	A Maddison (resigned 1 September 2025)
	D Portelli (resigned 18 June 2025)
	T Rowe
	G Stevenson
Company registered
number	03422357
Charity registered
number	1064472
Registered office	226 Elmley Street
	Plumstead
	London
	SE18 7NN
Companysecretary	S Barbosa	,
Chief executive officer	S Barbosa
Independent auditors	Kreston Reeves Audit LLP
	StatutoryAuditor
	Maritime Place
	Quayside
	Chatham Maritime
	Chatham
	Kent
	ME4 4QZ
Bankers	CAF Bank Limited
	25 Kings Hill Avenue
	West Malling
	Kent
	ME19 4JQ
	HSBC Bank plc
	15 Wellington Street
	Woolwich
	London
	SE186PH

Page 1

Emmaus Greenwich

.

(A company limited by guarantee)

Trustees’ report

For the year ended 30 June 2025

The Trustees present their annual report together with the audited financial statements of the charity for the year 1 July 2024 to 30 June 2025. The Trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's 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 under 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 benefit and in particular to its supplementary 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 known) 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 theEmmaus movement as "solidarity"); . 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 necessary 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 clothing, shelter and spending money, at present £44 per week plus a further £9, which is saved for when they leave.

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Emmaus Greenwich

(A company limited by guarantee)

Trustees’ report (continued) For the year ended 30 June 2025

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 with 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 2024/25 was 2 years and 11 months (1 year and 9 months in 2023/24).

• ; On the job training e Access to a qualified Counsellor, Catering Coach and Training and Development Coach ° Access to health care ; ° Citizenship through concern 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 affordable 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 Community might be shared in creative ways for the future, and for the benefit of other organisations in the wider Community. The staff and Companions continue to support the Woolwich Service User Project, WSUP.

• ° As net contributors to local recycling 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. Review of activities

Community

In the year to June 2025, Emmaus Greenwich continued to provide quality support and assistance to Companions, creating a safe and happy home for all to live and work. During the year the Community supported 57 homeless people (53 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 with and going to live with family and friends, or moving on for other reasons.

We continued upgrading our main building, Coombe House and the annexes. This includes electrical updates to all residential and commercial buildings, new fire doors, installation of fire detection systems, windows replacement, shopfront shutters and completion of garden house building work. The garden has also been tidied up in anticipation of the arrival of a large memorial plaque and base from a Coombe Trust site in Westgate-onSea.

Page 3

Emmaus Greenwich

(A company limited by guarantee)

Trustees’ report (continued) For the year ended 30 June 2025

Achievements and performance (continued)

We reviewed staff structure and actively sought to recruit in key areas. The principal success in this regard was the appointment of a COO. Staff structure remains under review.

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, if required.

The charity's strategy is to encourage Companions to move out of the Community once they have regained their confidence and found an external job, but without pressurising the more vulnerable Companions who may want to stay in the Community for extended periods. Upon joining the community, each Companion will work with their support worker to create an individual support plan. They will be registered with a GP and referred to any appropriate external services where support cannot be provided in-house. 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. 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 the Community for 12 weeks after starting a job. They may then move to an EmmHomes on a 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, two Companions have secured jobs, one has moved into shared accommodation, and one has taken up the extended move-on policy.

We have also worked with local agencies to support older Companions. Some ex-Companions return as volunteers and friends. We are very pleased to maintain contact with former Companions as they move on and act as informal mentors to the Community.

The charity 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 evening/weekend training courses provided by external training providers to learn or improve their skills.

Outreach

An important aspect of the charity's work is Outreach 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 enhanced impact in the wider Community. We have adopted a new initiative to make grants and build partnerships with other local charities to build on their work and to leverage our impact. We made a commitment to two such charities right at the end of our financial year which are detailed below, and we will make further commitments this year.

We continued with the Street Souls food and Companionship runs to support the street homeless in 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.

The Home for Now programme was developed to support newly recognised refugees, with placements starting at Coombe House in December 2024 and expanding at Lakedale from March 2025, reaching up to five residents per month. Move-on into private renting began in March 2025, with 1-3 moving on per month throughout the year. No employment outcomes were achieved, largely due to limited English skills. Introducing in-house ESOL lessons is a priority for next year.

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Emmaus Greenwich

(A company limited by guarantee)

Trustees’ report (continued)

For the year ended 30 June 2025

Achievements and performance (continued)

In the year:

• : The charity continued to support various solidarity causes, allocating £50,000 to grants to Greenwich Food Bank and local charity the SuperKidz Community Trust (a charity which provides free, accessible community services to children, young people and families in Greenwich)

• ° In addition, total Solidarity payments to Emmaus UK, Emmaus Europe and Emmaus International were £14,080.

• . Discounts and goods given away to people on low income in our local Community. ° The Community provided subsidised solidarity spaces.

Emmaus UK and Emmaus International

As a member of Emmaus UK, the national organisation, the charity continues to benefit from advice and assistance 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 International. The charity also actively participates in the Emmaus UK debates on the future direction of the Emmaus Federation.

Peter Robinson

Peter was a long-term supporter of the community and was involved in many of our building projects. We honoured his recent passing with a plaque unveiling event at Coombe House attended by family members, friends, volunteers, community members and trustees. He will be greatly missed.

The Trustees would like to thank all the Companions, staff and volunteers, for their support and contribution to the stability of the Community over the course of the year.

Financial review

a. Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

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b. Grants, donations and other income

The charity received a total of £68,574 which included grants of £47,852 and donations of £20,772.

Amongst the grants and donations were:

Anonymous Donation	£249
CFA Sainsburys	£158.97
Charities Trust	£476.97
Emmaus UK Office	£8,907.44
In Kind Direct	£500
J Gibbs	£300
Jane S Walker& NazarH Georgis	£1,400
JAR Charitable Trust	£3,000
Mr Philip Tither	£250
Rev M MCPAKE	£40
The Estate ofJohn Richard Pilger	£5,064.70
TheOddfellows(LordByronLodge)	£350

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Emmaus Greenwich

:

(A company limited by guarantee)

Trustees’ report (continued) For the year ended 30 June 2025

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 Policy

The charity’s funds are invested in the Community's fixed assets, including the premises, vehicles, furniture and fittings, with a cost, after depreciation, of £1,045,397 (2024: £1,033,354) at the year end. Net current assets totalled approximately £1,552,481 (2024: £1,563,056), which is more than enough to meet the trustees' goal of holding sufficient contingency reserves to cover four months operating expenditure (being approximately £393,091, based on average monthly expenses of £98,273).

d. Trading Performance

In the first quarter of 2025/2026 we plan to open a new retail shop, our third, on Lewisham High Street selling quality second hand furniture, household goods and clothing.

In the year, business and other income (excluding grants and donations) covered 93% of the charity's total expenses (for 2023/24 the figure was 91.9.%). Shop revenues were down this year by 3.5% compared to prior year where they had increased by 8.5% this year.

Total Income increased by 3.4% compared to last year, despite a decline in donations. Income was up compared to last year due mainly to higher interest received and higher Housing Benefit. Expenditure increased, mainly to higher wages costs. The two combined, and other results, led to a increase in net income for the financial year.

e. New Pathways

The trustees have looked at expanding the charity's model to allow us to help a broader range of homeless people. This involves retaining our existing model where Companions work in the community and do not seek active employment but also allow a different pathway for residents claiming Universal Credit who need to be actively seeking work for much of their daily time. We invited Emmaus North East to talk to the trustees about their experience of implementation of this pathwa

Structure, governance and management

a. Constitution

The charity is registered as a company limited 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 accordance 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.

Page 6

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Emmaus Greenwich

(A company limited by guarantee)

Trustees’ report (continued) For the year ended 30 June 2025

Structure, governance and management (continued)

c. Policies adopted for the induction and training of Trustees

New Trustees are given an information pack about the charity and an existing Trustee meets with them individually to acquaint them with matters concerning the charity. Where appropriate, the charity will find suitable training courses for Trustees to attend.

One key issue for new Trustees is gaining an understanding of how Emmaus Communities work. They are therefore encouraged to visit the charity's 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 trustees are encouraged to attend.

d. Management Structure and decision making

The governance of the charity is the responsibility of the board of Trustees. The board delegates certain daytoday 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 Finance 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 to 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 meet with and provide feedback and suggestions directly to the board.

The Chief Executive is responsible for putting the Emmaus Greenwich Community's 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 Chief Operating Officer, Community Manager, Retail Manager, Multi-Site Property and Facilities Manager and Outreach and Partnerships Manager. ;

The Chief Operating Officer drives operational efficiency by leading and supporting the Retail, Property & Facilities, and Community 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.

The Retail Manager oversees all day-to-day retail operations, including the Emergency Support Scheme, account customers, Gift Aid and online sales.

The Multi-Site Property and Facilities Manager ensures all buildings and services meet required standards, overseeing maintenance, contractors, soft services, and statutory compliance, including Health & Safety responsibilities, ensuring full compliance for the vehicle fleet (tax, MOT, insurance, tolls). The Outreach and Partnerships 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 the 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

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.

Page 7

Emmaus Greenwich

(A company limited by guarantee)

:

Trustees’ report (continued) For the year ended 30 June 2025

Structure, governance and management (continued)

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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.

e. 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 established to mitigate such risks. The Chief Executive and the senior management team are responsible for ensuring that 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 (DBS) checks have been completed for all staff and volunteers whose duties include working with Companions. We have moved onto an on-line risk management platform which was established by Emmaus UK.

Plans for future periods

1. Broaden Our Social Impact

The objectives of our Solidarity Outreach Strategy are

• Expand outreach efforts to support a larger number of homeless and vulnerable individuals. - Strengthen community partnerships to enhance service delivery. - Increase public awareness and engagement with Emmaus Greenwich. - Develop sustainable initiatives that create long-term impact.

We have developed a Home for Now offering to support homelessness charities and advice service providers assisting people with limited entitlements. We will work alongside other agencies including Greenwich Council providing access to e.g. health services, family mediation, legal advice, training courses, debt advice.

2. Maximising Business Profitability

Our current business is profitable although there is increased competition on the high street and online. We continue to focus on improving profitability, particularly by increasing our marketing efforts and by improving our operational efficiency.

3: Enabling Companions to Move On

We continue 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 will 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 2025

Structure, governance and management (continued)

f. Subsequent Events

The charity completed the sale of its investment property, previously classified as held for sale at year-end, for £295,000. The transaction occurred after the reporting date and will not affect the financial position at year-end. .

The charity entered into a lease agreement for premises at 75-179 East India Dock Road, London E14 6AH, commencing 19 March. Annual rent is £27,000, with rental charges starting in September 2025. The commitment has been included within operating lease disclosures. For more detail please see our subsequent events note.

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 Accepted Accounting Practice).

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 incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

• ° select suitable accounting policies and then apply them consistently; e observe the methods and principles of the Charities SORP (FRS 102);

• e make judgements and accounting estimates that are reasonable and prudent;

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• e state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;

• e prepare the financial statements on the going concern 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 Charity's 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.

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees’ report is approved has confirmed that:

• ° so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are unaware, and

• ° that Trustee has taken ail 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 charity's auditors are aware of that information.

Auditors

The audit registration of Kreston Reeves LLP was transferred to Kreston Reeves Audit LLP on 17th November 2025. Kreston Reeves Audit LLP were formally appointed as auditor to the Charity on 17th November 2025.

The auditors, Kreston Reeves Audit LLP, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.

Approved by order of the members of the board of Trustees on

on [Lr i \ ab and signed on their behalf by: Page 9

Emmaus Greenwich

(A company limited by guarantee)

Trustees’ report (continued) For the year ended 30 June 2025

G Stevenson

Page 10

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Emmaus Greenwich

(A company limited by guarantee)

Independent auditors’ 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 2025 which comprise the Statement of financial activities, the Balance 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 company's affairs as at 30 June 2025 and of its incoming resources and application of resources, including its income and expenditure for the year then ended;

• ° 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 Auditors’ 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 with these requirements. We believe that the audit evidence 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 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 company's ability to continue 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 responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

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Page 11

Emmaus Greenwich (A company limited by guarantee)

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Independent auditors' report to the Members of Emmaus Greenwich (continued)

Other information

The other information comprises the information included in the Annual report other than the financial statements and our Auditors’ report thereon. The Trustees are responsible for the other information 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 in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine 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.

• ° 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 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 returns 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

• e we have not received all the information and explanations we require for our audit; or

• ° the Trustees were not entitled to prepare the financial statements in accordance 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 internal control as the Trustees determine 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 company's ability 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.

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Emmaus Greenwich (A company limited by guarantee)

Independent auditors’ report to the Members of Emmaus Greenwich (continued)

Auditors’ responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors’ 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 it exists. Misstatements can arise from fraud or error and are considered material 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Capability of the audit in detecting irregularities, including fraud

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 with laws and regulations related to health and safety and employment law. We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statemenis such as the Charities SORP (FRS 102) Second Edition (released October 2019), the Companies Act 2006 and other relevant charity legislation. We communicated identified 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).

Audit procedures 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 . Identifying and assessing the design effectiveness of controls that management has in place to prevent and detect fraud; 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

• : Confirmation 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 analytical 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 meetings of those charged with governance, reviewing internal audit reports 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

• ° Identifying and testing journal entries, in particular any manual entries made at the year end for financial statement preparation.

Because of the inherent limitations 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 concealment, forgery, collusion, omission or misrepresentation.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional

Page 13

26 January 2026

:

Emmaus Greenwich

(A company limited by guarantee)

Statement of financial activities (incorporating income and expenditure account) For the year ended 30 June 2025

		Unrestricted		Restricted	Total	Total
		funds		funds	funds	funds
		2025		2025	2025	2024
	Note	£		£	£	£
Income from:
Donations and legacies	4	52,598		15,976	68,574	104,106
Charitable activities	5	1,019,861		=	1,019,861	974,039
Investments	6	92,583		=	92,583	63,372
Total income		1,165,042		15,976	1,181,018	1,141,517
Expenditure on:
Charitable activities	8	1,147,942		31,608	1,179,550	1,145,879
Total expenditure		1,147,942		31,608	1,179,550	1,145,879
Net income/(expenditure) before net
losses on investments		17,100		(15,632)	1,468	(4,362)
Net losses on investments		-		-	-	(70,000)
Net income/(expenditure)		17,100		(15,632)	1,468	(74,362)
Transfers between funds	17	(4,380)		4,380	-	-
Net movement in funds		12,720		(11,252)	1,468	(74,362)
Reconciliation offunds:
Total funds brought forward		2,581,367		15,043	2,596,410	2,670,772
Net movement in funds		12,720		(11,252)	1,468	(74,362)
			)
Totalfundscarriedforward		2,594,087		3,791	2,597,878	2,596,410

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

The notes on pages 18 to 35 form part of these financial statements.

Page 15

Emmaus Greenwich

(A company limited by guarantee) Registered number: 03422357

.

Balance sheet As at 30 June 2025

			2025		2024
	Note		£		a
Fixed assets
Tangible assets	12		1,045,397		1,033,354
			1,045,397		1,033,354
Current assets
Stocks	13	7,538		6,049
Debtors	14	~——-55,906		59,084
Investments	15	1,110,344		1,060,664
Fixed assets held for sale		290,000		290,000
Cash atbankand in hand		244,236		235,516
		1,708,024		1,651,313
Current liabilities
Creditors: amounts falling due within one
year	16	(155,543)		(88,257)
Netcurrent assets			1,552,481		1,563,056
Total net assets			2,597,878		2,596,410
Charity funds
Restricted funds	17		3,791		15,043
Unrestricted funds
Designated funds	17	1,045,397		1,033,354
General funds	17	1,548,690		1,548,013
Total unrestricted funds	17		2,594,087		2,581,367
Totalfunds			2,597,878		2,596,410

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 accordance 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 OO \ | ot and signed on their behalf by: c iansied G Stevenson

The notes on pages 18 to 35 form part of these financial statements.

Page 16

Emmaus Greenwich

(A company limited by guarantee)

Statement of cash flows For the year ended 30 June 2025

==> picture [460 x 242] intentionally omitted <==

----- Start of picture text -----
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Cash|flows|from|operating|activities| |Net cash|used|in|operating|activities|(Note 20)|114,072|(2,214)| |Cash|flows|from|investing|activities| |Movement|in|current|investments|held|on|deposit|(49,680)|(108,110)| |Purchase|of tangible fixed|assets|(55,672)|(6,279)| |Net cash|used|in|investing|activities|(105,352)|(114,389)| |Change|in|cash and|cash|equivalents|in the year|8,720|(116,603)| |Cash|and|cash|equivalents|at the|beginning|of the year|235,516|352,119| |Cash and cash|equivalents|at the end|of the year|244,236|235,516| |The|notes|on|pages|18|to|35|form|part|of these|financial|statements|

----- End of picture text -----

Page 17

Emmaus Greenwich

.

(A company limited by guarantee)

Notes to the financial statements

For the year ended 30 June 2025

1. Generai information

.

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.

2. 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 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 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 otherwise stated in the relevant accounting policy.

The financial statements have been prepared in pound sterling 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 concern. The Trustees make this assessment in respect of a period of at 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 concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

|

Page 18

Emmaus Greenwich

(A company limited by guarantee)

Notes to the financial statements For the year ended 30 June 2025

1. 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 receivable 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 distributed 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 appropriate fixed asset class and depreciated over the useful economic life in accordance with the Charity's 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 obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised 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.

Accommodation receipts are recognised for the period in which they are receivable.

==> picture [2 x 1] intentionally omitted <==

----- Start of picture text -----
.
----- End of picture text -----

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

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is 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 19

Emmaus Greenwich

(A company limited by guarantee)

Notes to the financial statements For the year ended 30 June 2025

2. Accounting policies (continued)

2.5 Government Grants

Government 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 Taxation

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 tax 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 recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment 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 carrying 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. No depreciation is charged in the year of addition.

Depreciation is provided on the following bases:

Freehold property - 2% - 10% straight line Motor vehicles - 25% straight line Fixtures and fittings - 20% - 30% straight line

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 cost 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.

No depreciation is provided in respect of investment properties in accordance with section 16 of FRS 102 "Investment Property"

Page 20

.

Emmaus Greenwich

(A company limited by guarantee)

Notes to the financial statements

For the year ended 30 June 2025

2. Accounting policies (continued)

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 ‘gs 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 in hand

Cash at bank and in hand includes cash and short-term 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 received 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 rate 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 liabilities 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 Operating leases

Rentals paid under operating leases are charged to the Statement of financial activities on a straightline basis over the lease term.

2.16 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents ihe amounts payable by the Charity to the fund in respect of the year.

Page 21

Emmaus Greenwich

Notes to the financial statements For the year ended 30 June 2025

(A company limited by guarantee)

1. Accounting policies (continued)

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 restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

1. 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 circumstances.

Critical accounting estimates and assumptions:

The Charity makes estimates and assumptions concerning 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 £1,045,397 (see note 12). These assets are stated at their cost less provision for depreciation and impairment.

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 are amended when.necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

Page 22

Emmaus Greenwich

(A company limited by guarantee)

Notes to the financial statements For the year ended 30 June 2025

4. Income from donations and legacies

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2025	2025	2025	2024
		£	£	£	£
	Donations	20,722	-	20,722	48,390
	Grants	31,876	15,976	47,852	55,716
		52,598	15,976	68,574	104,106
	Total 2024	49,805	54,301	104,106
5.	Income from charitable activities
			Unrestricted	Total	Total
			funds	funds	funds
			2025	2025	2024
			£	£	£
	Trading income		563,323	563,323	583,637
	Accommodation receipts		452,478	452,478	383,760
	Other income		4,060	4,060	6,642
			1,019,861	1,019,861	974,039
	Total 2024		974,039	974,039
6.	Investment income
			Unrestricted	Total	Total
			funds	funds	funds
			2025	2025	2024
			£	£	£
	Rental income		39,891	39,891	33,617
	Bank interest		52,692	52,692	29,755
			92,583	92,583	63,372
	Total2024		63,372	63,372

Page 23

Emmaus Greenwich

(A company limited by guarantee)

Notes to the financial statements For the year ended 30 June 2025

7. Analysis of grants

			Grants to	Total	Total
			Institutions	funds	funds
			2025	2025	2024
			£	£	£
Grants	to	Institutions	50,000	50,000	-

Included in the above are two grants, one for a total of £30k that has been granted to SuperKidz (2024 - £Nil) and the other for a total of £20k that has been granted to Greenwich Foodbank (2024 - £Nil).

8. Analysis of expenditure on charitable activities

Summary by fund type

		Unrestricted	Restricted
		funds	funds	Total	Total
		2025	2025	2025	2024
		£	£	£	£
Charity shops and provision of
accommodation		1,097,942	31,608	1,129,550	1,145,879
Grants to Institutions		50,000	-	50,000	-
		1,147,942	31,608	1,179,550	1,145,879
Total 2024		1,097,386	48,493	1,145,879
Analysis ofexpenditure by activities
	Activities	Grant
	undertaken directly	_funding of activities	Support costs	Total funds	Total funds
	2025	2025	2025	2025	2024
	£	£	£	£	£
Charityshops and provision of
accommodation	338,908	-	790,642	1,129,550	1,145,879
Grants to Institutions	-	50,000	-	50,000	-
	338,908	50,000	790,642	1,179,550	1,145,879
Total2024	341,666	-	804,213	1,145,879

1. Analysis of expenditure by activities

Page 24

.

Emmaus Greenwich

(A company limited by guarantee)

Notes to the financial statements

For the year ended 30 June 2025

9. Analysis of expenditure by activities (continued)

Analysis of direct costs

	Charity shops and
	provision of	Total	Total
	accommodation	funds	funds
	2025	2025	2024
	£	£	£
Weekly allowances	72,811	72,811	63,534
Food and Sundries	35,268	35,268	39,974
Direct companion expenses	22,003	22,003	28,524
Counselling	-	-	3,255
Rent, rates and water	61,967	61,967	59,938
Direct shop costs	146,859	146,859	146,441
	338,908	338,908	341,666
Total 2024	341,666	341,666
Analysis ofsupport costs
	Charityshops and
	provision of	Total	Total
	accommodation	funds	funds
	2025	2025	2024
	£	£	£
Staff costs	446,497	446,497	392,747
Depreciation	43,629	43,629	43,628
Management and administration	118,042	118,042	72,605
Premises expenses	46,668	46,668	112,144
Solidarity	17,009	17,009	(5,314)
Accounting fees	8,642	8,642	11,505
Auditors' remuneration	16,500	16,500	8,350
Legal and professional fees	-	-	35
Repairs and maintenance	93,655	93,655	168,513
	790,642	790,642	804,213
Total2024	804,213	804,213

Page 25

Emmaus Greenwich

(A company limited by guarantee)

Notes to the financial statements

For the year ended 30 June 2025

10. Staff costs

	2025	2024
	£	£
Wages and salaries	405,973	347,735
Social securitycosts	25,825	32,011
Contribution to defined contribution pension schemes	14,699	13,001
	446,497	392,747

The average number of persons employed by the Charity during the year was as follows:

				2025	2024
				No.	No.
Charitable	activities	and	administration	14	12

No employee received remuneration amounting to more than £60,000 in either year.

During the financial year, remuneration and benefits totalling to £93,931 (2024: £121,656) were paid to the Charity's key management personnel.

11. Trustees’ remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).

During the year ended 30 June 2025, no Trustee expenses have been incurred (2024 - £NIL).

Page 26

Emmaus Greenwich

(A company limited by guarantee)

Notes to the financial statements For the year ended 30 June 2025

12. Tangible fixed assets

		Freehold	Motor	Fixtures and
		property	vehicles	fittings	Total
		£	£	£	£
	Cost or valuation
	At 1 July2024	1,361,787	65,305	44,407	1,471,499
	Additions	31,644	-	24,028	55,672
	At 30 June 2025	1,393,431	65,305	68,435	1,527,171
	Depreciation
	At 1 July2024	369,802	28,092	40,251	438,145
	Charge forthe year	26,054	16,327	1,248	43,629
	At 30 June 2025	395,856	44,419	41,499	481,774
	Net book value
	At30 June 2025	997,575	20,886	26,936	1,045,397
	At 30 June 2024	991,985	37,213	4,156	1,033,354
13.	Stocks
				2025	2024
				£	£
	Stock			7,538	6,049
14.	Debtors
				2025	2024
				£	£
	Due within one year
	Trade debtors			8,031	5,868
	Otherdebtors			-	5,529
	Prepayments and accrued income			47,875	47,687
				55,906	59,084

Page 27

Emmaus Greenwich

(A company limited by guarantee)

Notes to the financial statements For the year ended 30 June 2025

15. Current asset investments

		2025	2024
		£	£
Flagstone	account	1,110,344	1,060,664

16. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	22,994	11,537
Othertaxation and social security	17,524	8,430
Other creditors	9,020	17,036
Accruals and deferred income	106,005	51,254
	155,543	88,257

Page 28

Emmaus Greenwich

(A company limited by guarantee)

Notes to the financial statements For the year ended 30 June 2025

17. Statement of funds

Statement of funds - current year

==> picture [431 x 377] intentionally omitted <==

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Balance|at| |Balance|at|1|Transfers|30|June| |July|2024|Income|Expenditure|in/out|2025| |£|£|£|£|£| |Unrestricted|funds| |Designated|funds| |Fixed|Asset|Fund|1,033,354|-|(43,629)|55,672|1,045,397| |General|funds| |General|Funds|1,548,013|1,165,042|(1,104,313)|(60,052)|1,548,690| |Total|Unrestricted|funds|2,581,367|1,165,042|(1,147,942)|(4,380)|2,594,087| |Restricted|funds| |Emmaus|UK|Companion| |Training|Fund|300|2,069|(2,110)|-|259| |Emmaus|UK|IT|Support|505|-|(500)|-|5| |RBG Warm|Spaces|923|-|(923)|-|-| |RBG|Small|Funds|9,788|-|(14,168)|4,380|-| |The|Albert|Hunt|3,527|-|-|-|3,527| |Emmaus|UK|-|13,907|(13,907)|-|-| |15,043|15,976|(31,608)|4,380|3,791| |Total|of funds|2,596,410|1,181,018|(1,179,550)|-|2,597,878|

----- End of picture text -----

Page 29

Emmaus Greenwich

(A company limited by guarantee)

Notes to the financial statements

For the year ended 30 June 2025

17. Statement of funds (continued)

.

Statement of funds - prior year

							Balance	at
		Balance at			Transfers	Gains/	30June
		1 July2023	Income	Expenditure	in/out	(Losses)	2024
		£	£	£	£	£		£
	Unrestricted
»	funds
	Designated
	funds
	Fixed Asset
	Fund	1,430,702	-	(43,628)	(283,720)	(70,000)	1,033,354
	Solidarity
	Activities	516,817	-	(59,402)	(457,415)	-	-
	New property	485,000	-	-	(485,000)	-	-
	Refurb Elmley
	Street	85,523	-	(85,523)	-	-	-
	Newvehicles	42,000	-	-	(42,000)	-	-
	Contingency
	reserve (
	Previously:
	Energy crisis)	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 30

:

Emmaus Greenwich

(A company limited by guarantee)

Notes to the financial statements For the year ended 30 June 2025

17. Statement of funds (continued)

==> picture [430 x 238] intentionally omitted <==

----- Start of picture text -----
Restricted
funds
Emmaus UK
Companion
Training Fund 1,330 1,508 (2,538) - - 300
Emmaus UK IT
Support - 861 (356) - - 505
RBG Warm
Spaces 588 2,734 (2,399) - - 923
RBG Small
Funds 7,317 9,538 (7,067) - - 9,788
The Albert Hunt - 7,000 (3,473) - - 3,527
RBG Grant - 32,660 (32,660) - - -
9,235 54,301 (48,493) - - 15,043
Total of funds 2,670,772 1,141,517 (1,145,879) - (70,000) 2,596,410
----- End of picture text -----

Restricted Funds Comprise:

a). Emmaus UK - IT Support Grant Represents donations from Emmaus UK towards the costs of IT support.

b). RBG Warm Spaces and RBG Small Spaces Street Souls - Emmaus Greenwich Outreach Services, delivery of a weekly service aiming to support people in the local area who are struggling due to the cost of living crisis, feeling isolated and/or seeking somewhere warm and welcoming during the winter months.

c). The Albert Hunt Trust grant To cover employability coach costs

d). Emmaus UK Training & Development Coach & Community Chef (Catering Coach) Grant

Designated funds

a). Fixed asset fund - represents the net book value of fixed assets as of the year end

Page 31

Emmaus Greenwich

(A company limited by guarantee)

Notes to the financial statements For the year ended 30 June 2025

18. Summary of funds

.

Summary of funds - current year

					Balance at
	Balance at 1			Transfers	30 June
	July2024	Income	Expenditure	in/out	2025
	£	£	£	£	£
Designated funds	1,033,354	-	(43,629)	55,672	1,045,397
General funds	1,548,013	1,165,042	(1,104,313)	(60,052)	1,548,690
Restricted funds	15,043	15,976	(31,608)	4,380	3,791
	2,596,410	1,181,018	(1,179,550)	-	2,597,878

Summary of funds- prior year

						Balance at
	Balance at 1 July2023 £	Income £	Expenditure £	Transfers in/out £	Gains/ (Losses) £	30June 2024 £
Designated
funds	2,660,042	-	(188,553)	(1,368,135)	(70,000)	1,033,354
General funds	1,495	1,087,216	(908,833)	1,368,135	-	1,548,013
Restricted funds	9,235	54,301	(48,493)	-	-	15,043
	2,670,772	1,141,517	(1,145,879)	-	(70,000)	2,596,410

19. Analysis of net assets between funds

Analysis of net assets between funds - current year

	Unrestricted	Restricted	Total
	funds	funds	funds
	2025	2025	2025
	£	£	£
Tangible fixed assets	1,045,397	-	1,045,397
Current assets	1,704,233	3,791	1,708,024
Creditors due within one year	(155,543)	-	(155,543)
Total	2,594,087	3,791	2,597,878

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Emmaus Greenwich

(A company limited by guarantee)

Notes to the financial statements

For the year ended 30 June 2025

19. Analysis of net assets between funds (continued)

Analysis of net assets between funds- prior year

			Unrestricted	Unrestricted	Restricted	Unrestricted	Total
				funds	funds	funds	funds
				2024	2024	2024	2024
			:	£	£	£	£
	Tangible fixed assets			-	-	1,033,354	1,033,354
	Current assets			-	15,043	1,636,270	1,651,313
	Creditors due within one year			-	-	(88,257)	(88,257)
	Total			-	15,043	2,581,367	2,596,410
20.	Reconciliation ofnetmovement in funds to		netcash flowfrom operating			activities
						2025	2024
						£	£
	Net income/expenditure for the year	(as	per Statement of		Financial
	Activities)					1,468	(74,362)
	Adjustments for:
	Depreciation charges					43,629	43,628
	Increase in stocks					(1,489)	(900)
	Decrease/(increase) in debtors					3,178	(2,012)
	Increase/(decrease) in creditors					67,286	(38,568)
	Movements relating to investment property					-	70,000
	Net cash provided by/(used in) operating activities					114,072	(2,214)
21.	Analysis ofcash and cash equivalents
						2025	2024
						£	£
	Cashinhand					244,236	235,516

Page 33

Emmaus Greenwich {A company limited by guarantee)

.

Notes to the financial statements

For the year ended 30 June 2025

1. Analysis of changes in net debt

		At 1 July		At 30 June
		2024	Cash flows	2025
		e	£	£
Cash	at bank and in hand	235,516	8,720	244,236
Liquid	investments	1,060,664	49,680	1,110,344
		1,296,180	58,400	1,354,580

23. Pension commitments

The Charity 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 contributions payable by the Charity to the fund and amounted to £14,699 (2024 - £13,001). Contributions of £1,628 (2024 - £1,874) were payabie to the fund at the Balance sheet date and are included in creditors.

24. Operating lease commitments

At 30 June 2025 the Charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:

	2025	2024
	a	£
Not laterthan 1 year	44,150	32,558
Laterthan 1 yearand not laterthan 5 years	212,500	-
Later than 5 years	170,000	-
	426,650	32,558

25. Related party transactions

During the year ended 30th June 2025, Trustees have donated £1,400 to the charity. (2024: £1,500). There were no conditions attached to these donations.

House clearance services were purchased by N Gerogis from the charity. The total amount paid for these services was £870. (2024: £0).

The services were provided at the charity's standard market rates, and the trustee did not receive any preferential terms.

No other trustees, or persons connected with them, received remuneration or other benefits from the charity during the year.

Page 34

Emmaus Greenwich

(A company limited by guarantee)

Notes to the financial statements For the year ended 30 June 2025

26. Post balance sheet events

Subsequent to the year end, the charity completed the sale of its investment property, which had been classified as held for sale at the reporting date, for £295,000 The transaction occurred after the balance sheet date and does not affect the financial position as at year end. The gain or loss on disposal will be recognised in the next reporting period.

Subsequent to the year-end, the company officically signed and entered into a lease agreement for premises at 175-179 East India Dock Road, London E14 6AH. The lease commencement date was the 19 March 2025 and this is when occupation began. The annual rent is £27,000. Rental charges did not begin until September 2025, and have been recognised within the operating lease commitment at note 24 above.

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