Charlty registration number 1067483 {England and Wales)
Company registratlon number 03489376
EMMAUS GLOUCESTERSHIRE
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

EMMAUS GLOUCESTERSHIRE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr N. Mantle
Mr C. Thomas
Mrs A. Halliday
Mr M. Watson
(Appointed 1 February 20241
(Appointed 1 March 2024)
Secretary
Ms L. Watson
Charity number (England and Wales
1067483
Company number
03489376
Principal address
Chequers Road
Gloucester
GL4 6PN
Auditor
Pitl Godden & Taylor LLP
Unit 3 Ambros8 House
Meteor Court
Barnelt Way
Barnwood
Gloucester
GL4 3GG
Bankers
Lloyds TSB Bank plc
High Street
Chellenham
GL50 1EW
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ

EMMAUS GLOUCESTERSHIRE
CONTENTS
Page
Trustees, report
Statement of trustees, responsibilities
Independent auditor's report
Statement of financial activities
Balance sheet
Statement of cash flows
10
Note5 to the financial statements

EMMAUS GLOUCESTERSHIRE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 30 JUNE 2024
The trustees present their annual report 8nd fin8nc181 st8tements for the year ended 30 June 2024.
The Trustees confirm the annual report and financial statements of the charity comply with current ststutory
requirements, the requirements of the charity's governing document, the Companies Act 2006 and "Accounting
and Reporting by Charities.. Statement of Recommended Practice" applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS102) (effective 1 January 2019).
Ourvislon and Mission
Our Vision is a world in which everyone has a home and a sense of belonglng.
Our Mission is to work together to overcome homelessness and social exclusion while using our voice to achleve
social change.
Objectives and activities
In selting objectives and planning for aclivilies, the Trustees have given due consideration to guidance published
by the Charily Commission relating to public benefit, and in particular to its supplementary public benefit
guidance.
The objects of Ihe charity are the alleviation of homelessness and relief of poverty, hardship and Ihe distress they
cause to those in need. The objects are specifically restricted to the alleviation and relief of poverty, hardship and
distress arisin9 therefrom, in conformance with the principles of the Emmaus Movement as published from time
to time by Emmaus UK, to those in need without dislinction by-.
The provision of accommodation, or assistance in such provision, for homeless people in the Gloucestershire
area and such other places as may seem appropriate from lime to time (the beneficiaries).
Th8 rehabilitation of th8 ben8ficiaries as appropriate and the provision of education, training (including, without
limitation, employment training) and work opportunities and satisfaction for the beneficiaries with the purpose of
developing their skills to enable them to gain employment in the future and thereby develop a sense of Self
worth and dignity through having a self-supporting life.
The support of the work of other Emmaus Communities and Emmaus Groups or other agencies in the relief ol
poverty and homelessness whether in the United Kingdom or elsewhere in the world and in particular (without
limitation) by the exchange of resources, information and expertise with other Emmaus
Movement projects worldwide.
The fulfilling of such other purposes as may from time to time be recognlsed by English Law as being charitable
and which the Charity shall from time to time determine.
Approach to achieving Charitable objects
Emmaus Gloucestershire provides a home, 40 hours of meaningful activity in our social enterprise each week,
training and support for previously homeless or socially excluded individuals, known as 'Emmaus companions,.
An unemployed, homeless or vulnerably housed person becomes a companion upon joining Emmaus
Gloucestershire as a residenl. Companions work together with volunteers and employees collecting, upcycling
and Selling donated goods in our five retail outlets. All companions have the opportunity lo gain new ski115 and
experiences in a working enterprise and, most importantly, regain self-respect, esteem and purpose whilst
working to support others in greater need than themselves.
Emmaus Gloucestershire currently offers 26 bed spaces for companions. Companions sign off primary benefits
and receive accommodalion, food, clothing, a weekly allowance, resettlement support and access to structured
support and personal development.
Opportunities are provided to gain new skills, undergo training and work as part of a team to aCh￿ve personal
goals, contribute to the success of the business activities and provide assistance to others who are in need.

EMMAUS GLOUCESTERSHIRE
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Achievements and performance
The 2023-2024 financial year continued its upturn in sales. Charity shops enjoyed the combination of good levels
of items being donated and healthy demand and sales.
Our strategic aim is to continue to diversify our income slreams over time and increase the range of skills and
activities to companions.
Operatlonal Performance
Emmaus Gloucestershire generated 760/0 of its income through its social enterprise business in 2023-2024. The
remainder 16 % came from Housing benefit and 60/0 from general donations, grants and legacies and 20A from
investfflents.
During the year 6,670 daily bed spaces were provided 1,095 daily bed spaces were set aside on a solidarity
basis (for which no housing benefit wa5 granted)
Solidarity
The Emmaus Movement established by Abbe Pierre was founded on the concept of 'Solidarily' this means
helping and working for others who are less fortunate than ourselves. Solidarity works at three levels.. local,
national, and inlernalional. Emmaus Glouc8sler8hire contributes at each of these levels with companions,
volunteers, staff and trustees all being involved. These contributions are not only financial but also include
sharing. expertise, experience, moral support and encouragement
Flnanclal revlew
The total income for the year ending 30 Jun8 2024 was £1,Q46,848 which was £133,494 more than th8 income
for the prevjous year.
The lolal expenditure for the year ending 30 June 2024 was £782,132 which was £21,62g more than tF
expenditure of the previous year.
The net surplus for the year to 30 June 2024 was £264,716 which was £111.865 more than the previous year.
The surplus represents 25.20kn of total income.
Reserves
It is the policy of the charity that unrestricted funds which have not been designated for a specrfic use should be
maintained at a minimum of three months expenditure (at current expenditure levels this equates to £180,500).
At the renewal of our business conlinuily insurance (which included pandemic insurance up to £250,000) we
were advised this was withdrawn. Trustees took a decision to self-insure and set aside £250,000 designated for
this purpose.
While the level of reserves held currently exceeds this leve5 the purchase of new retail premises at Chellenham
and ongoing maintenance on one property will reduce this amount over Ihe next financial year.
Risk management
Trustees have in place risk management procedures, policies and a risk register which airns to manage and
miligale foreseeable risks that the charity might face.
The risk register is used as a dynamic tool by the management team. It is reviewed regularly by all Committees
and the Board of Trustees. The chief execulive has overall responsibility for monitoring the risks and ensuring
appropriate and timely mitigations are put in place.
Good risk management is not about paperwork and expansive risk registers it is about a contemporary thorough
knowledge of the business and wider environment it operates in. Early identification of the threats and timely
responses are crucial to mitigating or avoiding threats.

EMMAUS GLOUCESTERSHIRE
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Plans for future perlods
Emmaus Gloucestershire's ten-year strategy is to diversify sources of income and improve the accommodation
offered to companions.
The board completed the purchase of a freehold retail premises in Bath Road Cheltenham.
The property will be upgraded and adapted to provide a new charity shop in an excellent location in Cheltenham
and in the future, office accommodation above.
Structurei governance and management
The Board is responsible for the strategic direction and policy of the charity. The board meets at least quarterly
and is underpinned by a commiltee structure. The Business and Finance Committee, HR Committee, Policy and
Practice Committee and External Affairs Committee met at least quarterly to review pèrformance and to agree
priorities for the quarter ahead.
The Board of Trustees has adopled the NCVO Code of Good Governance. and reviews the structures and
workings accordingly.
The HR Committee meets annually to agree the remuneralion of the Chief Executive and all employees, so as to
reward and motivate employees to an affordable extent.
A delegation framework is in place, with the day to day responsibility for the operations of the tharity resting with
the Chief Executive. The Chief Executive is responsible for ensuring that Ihe charity delivers the activities
specified in an annual operational plan and hat key performance indicators are met.
The trustees. who are also the directors for Ihe purpose of company law, and who $8lV8d during the year and up
to the date of signature of the financial statements were=
Mr M. Heap
{Resigned 1 August 2023)
Mr M. Hudson
(Resigned 7 March 2024)
Ms A. Beddoes
(Resigned 1 August 2023)
Mr N. Mantle
Mr C. Thomas
Mrs M. Cheeseman
MrsA. Halliday
Mr M. Walson
(Resigned 11 April 2024)
(Appointed 1 February 2024)
(Appointed 1 March 2024)
None of the trustees has any beneficial inleresl in the company. All of the trustees are members of the company
and guarantee to contribute £1 in the event of a winding up.
An annual skills audit of the Board of Trustees identifies gaps, and an open recruitment prO￿sS for new Trustees
tskes place. This involves advertisement on Emmaus websites, and through specialist volunteering websltes
such as V
un
ering Glos, Trustees Unlimited and REACH. An application and interview process takes place.
Proposed
app
Iments of new trustees musl be approved by the Board of Trustee5-, following a successful
applicali
ref
ces and a DBS check are taken up.
re
The trust
es'r
was approved by the Board ofTrustee5 and signed on their behalf by..
Mr C. Thoma
Trustee
Dated.. 28 Janua.ry 2025

EMMAUS GLOUCESTERSHIRE
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 30 JUNE 2024
The trustees, who are also the directors of Emmaus Gloucestershire for the purpose 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 which give a true and fair
view of the state of affairs of the charity and of the incoming resources and application of resources, including the
income and expenditure, of the charilable company for that year.
In preparing these financial statements, the trustees are required to..
select suitable accounting policies and then apply them con51Stently;
observe the methods and principles in Ihe Charities SORP,
make judgement5 and estimates that are reasonable and prudent.,
stale whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements., and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity
will continue in operation.
The Iwstees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al
any time the financial position of Ihe charily and enable them to ensure that the financial stat&m8n Is 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.

EMMAUS GLOUCESTERSHIRE
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF EMMAUS GLOUCESTERSHIRE
Oplnlon
We have audited the financial statements of Emmaus Gloucestershire (the 'charity') for the year ended 30 June
2024 which comprise the statement of financial adivities. the balance sheet, the statement of cash flows and notes
to the financial statements, including significant accounting policies. The financial reporting framework that ha5 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 Gharitable company's affairs as at 30 June 2024 and of ils incoming
resources and application of resources, for the year then ended,
have been properly prepared In accordance with United Kingdom Generally Accepted Accounting Practic8',
and
have been prepared in accordance with the requiremenls of the CompaniesAct 2006.
Basis for opinion
We conducted cur audit in accordance wilh International Standards on Auditing (UK) IISAS (UK)) and applicable
law. Our responsibilities under those slandards are further described in the Aiiditoffs rasponsibilities for the audit of
the financial stalgm9nls section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We b81ieve
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to golng concern
In audiling the financial statements, we have concluded that the trustees. use of the going concem basis ol
accounting in the preparation of the financial statements is appropriate.
Base(J 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 charity's ability to continue as a going
concern for a p8riod of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with r&spect to going con￿rn are described in the
relevant sections of this report.
Other information
The olher information comprises the information included in the annual report other than the financial statements
and our auditor's report thereon. The trustees are responsible for the other information contained within the annual
report. Our opinion on the financial statements does not cover Ihe other information and we do nol expres5 any form
of assurance conclusion thereon. Our responsibility is lo 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 olhetwise 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 misstatetnent
in the financial statements themselves. If, based on the work we have performed, we conclude Ihat there is
material misslatemenl of Ihis other information, we are required to report that fact.
We have nothing tD report in this regard.
Matters on which we are requlred to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and
Reports) Regulalions 2008 requires us to report to you if, in our opinion.
the information given in the financial statemenls is inconsistenl in any material respect wilh the trustees.
report., or
sufficient accounling records have not been kept,, or
the financial statements are not in agreement with the accounting records; or
we have not received all the information and explanations we require for our audit.

EMMAUS GLOUCESTERSHIRE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF EMMAUS GLOUCESTERSHIRE
Responslbllitles of trustees
As explained more fully in the statement of trustees, responsibilities. the Iruslees, who are also the directors of the
charity for the purpose of company law, are responsible for the preparalion 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 charity's ability to
continue as a going concern, disclosing, as applicable, matters relaled to going concern and using the going
concern basis of accounting unless the trustees either intend lo liquidate the charitable company or to cease
operations, or have no realistic alternative but to do so.
Auditor's responslbilities for the audit of the financial statements
We have been appointed as audiloi under section 144 of the Charilies Act 2011 and report in accordance with the
Act and relevanl regulalions made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material mlsstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance
with ISAS (UK) will always detect a material misstalement when 11 exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could r8asonably be expected to influence
the economic decisions of users taken on the basis of these financia5 statements.
The 8xtenl to which our procedures are capable of detecling irregularities, including fraud, is detailed below,
Our approach to identifying and assessing the risks of material misstatement in r8spect of irregularities including
fraud and non-compliance wilh18ws and regulations was as follows..
The engagement partner ensured that the engagement team Collectively has the appropriate competence,
skills and ability to identify any non-compliance with laws and regulations.
We identified the laws and regulations applicable lo the academy via discussions with the management and
from our own knowledge of the sector in which the client operates. We focused on the laws which we
considered were of particular significance to the charity operations, which included the Companies Act
2006, the Charities Act 2011, health & safety regulations. safeguarding, employment law and data
protection.
We assessed the extent of the compliance with the laws and regulalions identified through enquiries with
management and also detailed testing of the systems and conlrols.
We assess the susceplibility of the charity financial statements to material misstatement, including obtaining an
understanding of how fraud mighl occur, by..
making enquiries of management as to where they considered there was susceptibility to fraud and
whether they has any knowledge of any actual, suspected or alleged fraud; and
we documented, assessed anci tested the internal controls in place to reduce the likelihood of any
incidences of fraud or non-compliance.
To a3se65 the risk of fraud through management bias and override of controls, we..
performed analytical review procedures.,
• reviewed and sample tested journal entries to confirm that they were genuine transaclions-,
assessed whether judgemenls and assumptions made in determining the accounting estimates were
indicative of potenlial bias., and
reviewed a sample of expenditure transactions from the charily records for appropriate aulhorisation.
In response la the risk of irregularilies and non-complian￿ with laws and regulations, we designed procedures
which included, but were not limited to..
agreeing the disclosures in the financial statements to underlying documentation,
reviewing the minutes of those charged with governance.,
enquiring of management as to actual potential claims and liabilities., and
reviewing legal and professional cosls incurred in the period.

EMMAUS GLOUCESTERSHIRE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF EMMAUS GLOUCESTERSHIRE
There are inherent limitations in our audit procedures described above. The more removed that laws and
regulations are from financial Iransaclions, the less likely il is that we would become aware of non-compliance.
Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations lo
enquiry of the directors and other management and the inspection of any relevant regulatory correspondence.
Material misstatements that arise due lo fraud can be harder to delect than those that arise from error as they may
involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council's website at.. https'.11
www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report
Use of our report
This report is made solely to the Charity's trustees, as a body, in accordance with section 144. of the Charities Act
2011 and the regulations made under section 154 of that Act. Our audit work has been undertaken so Ihal we might
stale to the Charity's Iruslees those matters we are required to stale lo them in an auditor's report and for no other
purpose. To the fullest exlenl permitted by law, we do not accept or assume responsibility lo anyone other than the
Charity's trustees as
body. for our audit work, for this report, or for the opinions we have formed.
Ni
Nlcholas Bls
FCCA ACA (Se
lor Statutory Auditor)
For and on behalf of Pitt Godden & Taylor LLP, Statutory Auditor
Chartered Accountants
Unil 3 Ambrose House
Meteor Court
Barnell Way
Barnwood
Gloucester
GL4 3GG
28 January 2025
Pitt Godden & Taylor LLP is eligible for appointment as auditor of the charity by virtue of ils el igibilily for appointment
as auditor of a company under section 1212 of the Companies Act 2006,

EMMAUS GLOUCESTERSHIRE
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2024
Current flnancial year
Unrestricted
funds
2024
Restrlcted Endowment
funds
funds
2024
2024
Total
Total
2024
2023
Notes
Income from:
Donations and legacies
Charitable activities
other trading activities
Investments
66,968
168,599
79D,534
20,747
66,968
168,599
790.534
20,747
61,324
106,126
731,329
14,575
Total income
1,046,848
1,046,848
913.354
Charitable activities
782,132
782,132
760,503
Net income and movement in
funds
264,718
264,716
152,851
Reconclllation of funds:
Fund balances 811 July 2D23
2,422,413
40,700
202,500
2,665,613
2,512,762
Fund balances at 30 June 2024
2,687,129
40,700
202,500
2,930,329
2,665,613
The slat@ment of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
Prior financial year
Unrestricted
funds
2023
Restricted Endowment
funds
funds
2023
2023
Total
2023
Notes
Income from:
Donations and legacles
Charitable activities
Other trading adivities
Investments
61,324
106,126
731,329
14,575
61,324
106,126
731,329
14,575
Total income
913,354
913,354
Charitable activities
760,503
760,503
Net income and movement in funds
152,851
152,851
Reconciliation of funds:
Fund balances at 1 July 2022
2,269,562
40,700
202,500
2,512,762
Fund balances at 30 June 2023
2,422,413
40.700
202,500
2,665,613

EMMAUS GLOUCESTERSHIRE
BALANCE SHEET
ASAT 30 JUNE 2024
2024
2023
Notes
Flxed assets
Tangible assets
Investment property
12
13
1,968,373
280,000
1,246,079
280,000
2,248,373
1,526,079
Current assets
Debtors
Cash at bank and in hand
15
90,806
678,785
67,438
1,116,933
769,591
1,184,371
Creditors". amounts falling due within
one year
16
(87,635)
(44,8371
Net current assets
681,956
1,139,534
Total assets less cu rrent Ilabllltles
2,930,329
2,665,613
The funds of the charity
Endowment funds
Reslricled income funds
Unr8Stricled funds
17
18
19
202,500
40,700
2,687,129
202,500
40,700
2,422,413
2,930,329
2,685,613
The company is entilled to the exemption from the audil requirement contained in section 477 of the Companies Act
2006, for the year ended 30 June 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
Them
mbers have not required the company to obtain an audit of ils financial statements under the requirements
ofth
Co
panies Act 2006, for the year in question in accordance with section 478.
The
tot
cial statements have been prepared in accordance with the provisions applicable to companies subject
'Gompanies regime.
esm
The financial
tatements were approved by the trustees on 28 January 2025
Mrc.
Trustee
om
Company registration numbei 03489376 (England and Wales)

EMMAUS GLOUCESTERSHIRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Accountlng policles
Charlty Infomatlon
Emmaus Gloucestershire is a private company limited by guarantee inGorporaled in England and Wales. The
registered office is Chequers Warehouse, Chequers Road, GIOu￿$ter, GL4 6PN.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the
Companies Act 2006 and 'Accounting and Reporting by Charities. Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in Ihe UK and Republic of Ireland (FRS 1021 leffeclive 1 January 2019) The charity is a Public
Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charily. Monetary
amounts in these financial statements are rounded to thè nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the
revaluation of freehold properties and to include investment properties and certain financial instrumenls at fair
value. The principal accounting policies adopted are set out below.
1.2 Golng concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existen￿ for the foreseeable future. Thus the trustees
continue to adopt the going concern basis of accounting in preparing the financial Statements.
1.3 Charitable funds
Unrestricted fund5 are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subjecl to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are sel out in Ihe notes to the financial statements.
Endowment funds are subject to specific conditions by donors Ihat the capital must be maintained by the
charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any perf0rrnan￿ conditions have been mel,
Ihe amounts can be measured reliably, and il is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless performance conditions require deferral of Ihe amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or othetwise if the charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
1.5 Expenditure
Resources expended are accounted for on an accruals basis.
11

EMMAUS GLOUCESTERSHIRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Accounting policies
(Contlnued)
1.6 Tangible fixed assets
Tangible fixed assets are initially measured al cost and subsequenlly measured at cost or valuation, net of
depreciation and any impairment losses.
Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low
value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the
statement of financial activities. Items costing less than £1,000 are written off as an exp8nse as acquired.
Tangible fixed assets are included in the Balance Sheet at cost less accumulated depreciation, or at estimated
value at Ihe date of donation less the associated accumulated depreciation.
Depreciation is calculated to write off the cost or valuation of fixed assts, less their estimated residual values,
over their estimated useful economic lives, al the following rates
Land and buildings
Freehold is depreciated by nil. Leasehold is depreciated over
the lerm of the lease.
250/0 Straight line
101200/0 straighl line
250/0 Straight line
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset. and is recognised in the statement of financial activities.
1.7 Investment propertles
Investment property, which is property held to earn rentals andlor for capital appreciation, is initially
recognised at cost, which includes the purchase cost and any direclly attributable expenditure. Subsequently
it is measured at fair value al the reporting end date. The surplus or deficit on revaluation is recognised in
profit or loss.
1.8 Impairment of flxed assets
At each reporting end date, the chaTily reviews the carrying amounts of its tangible assets to determine
whether there is any indication that those assels have suffered an impairment Iosg. If any such indication
exists, the recoverable amount of the asset is eslimated in order lo determine the extent of Ihe impairment
Ios5 (if any).
1.9 Stocks
Shop stock comprises of donated items, some of which have been refurbished for sale by companions. As
these items are donated, they are not held at any value on the financial statements,
1.10 Cash and cash equivalents
Cash and cash equivalents include cash in hand, depo8115 held at call with banks. other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
12

EMMAUS GLOUCESTERSHIRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Accounting policies
(Continued)
1.11 Financial instruments
The charity has elected to apply the provisiDns of Section 11 'Basic Financial Instrumenls, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabililies are offset, with the net amounts presented in the financial slatemenls, when
there is a legally enforceable right to set off the recognised amounts and there is an intention lo settle on a nel
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction PT1￿ including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless Ihe arrangement constitutes a financing Iransaclion, where the transaction is
measured at the present value of the future receipt5 discounted at a market rale of interest. Financial a58ets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank108ns are Initially recognlsed at transaction pri￿ unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the fulure payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried al amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course ol
operations from suppliers Amounts payable are classified as current liabilities if payment is due within one
year or lèss. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognltlon of financlal liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.12 Employee benefits
The cost of any unused holiday enlillement is recognised in the period in which the employee's ServI￿S are
received.
Termination benefits are recognised immediately as an expense when the charily is demonstrably committed
to terminate the employment of an employee or to provide termination benefits.

EMMAUS GLOUCESTERSHIRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED}
FOR THE YEAR ENDED 30 JUNE 2024
crftlcal accountlng estlmates and Judgements
In the application of the charity's accounting policies, the trustees are required lo make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experien￿ and other factors that
are considered to be relevant. Actual result5 may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and fulure periods where the revision affects both current and future
periods.
Income from donations and legacies
Unrestricted
funds
2024
Unrestricted
funds
2023
Donations and gifts
68.968
61,324
Income from charitable activltles
U nrestrlcted Unrestrlcted
funds
fund8
2024
2023
Sale of goods
168,599
106,126
Other trading activities
2024
2023
Shop income
790.534
731,329
Investment income
2024
2023
Rental income
Interest receivable
10.180
10,567
9,525
5,050
20,747
14,575
14-

EMMAUS GLOUCESTERSHIRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Expenditu re on charitable actlvltles
Headlng
#ac982
2024
Heading
#ac982
2023
DireGt costs
Staff costs
Depreciation and impairment
Other costs
Audit and bookkeeping fees
387,050
17,389
372,539
5,154
364,449
22,893
366,862
6,299
782,132
760.503
Analysis by fund
Unrestricted funds
782,132
780,503
Net movement in funds
2024
2023
The net mov8menl in funds is stated after chargingl(crediting)'.
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets
5,000
17,389
4,000
22,893
Trustees
None of the trustees lor any persons connected with them) received any remuneration or benefits from the
charity during the year.
Trustees travel expenses of £645 {2023- £661 have been met by the charity.
15

EMMAUS GLOUCESTERSHIRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
10 Employees
Number of employees
The average monthly number of employees during the year was=
2024
Number
2023
Number
Shoplwarehouse
Officeladmin
Companion support
13
Employment costs
2024
2023
Wages and salaries
387,050
364,449
There were no employees whose annual remuneration was £60,000 or more.
11 Taxation
The charity 18 8X8mpt from laxation on its activities because all its income is applied for charitable purposes.
12 Tanglble flxed assets
Land and
buildings
Planl and
machinery
Fixtures,
fltlings &
equipment
Motor
vehicl•$
Total
Cost
At 1 July 2023
Additions
Disposals
1,241,628
733,127
7,081
86,795
7,509
93,367 1,428,871
740,636
(2,177)
12,177)
At 30 June 2024
1.974.755
7,081
94,304
91,190 2,167,330
Depreciation and impairment
At 1 July 2023
Depreciation charged in the year
Eliminated in respecl of disposals
29,493
1,804
7,081
59,590
11,155
86,628
4.430
(1,2241
182,792
17,389
(1,224>
AI 30 June 2024
31,297
7,081
70,745
89,834
198.957
Carrying amount
At 30 June 2024
1,943,458
23,559
1,356 1,968,373
At 30 June 2023
1,212,135
27,205
6,739 1,246,079
16-

EMMAUS GLOUCESTERSHIRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
12 Tangible fixed assets
Icontlnued)
The Nailsworth leasehold included in land and buildings is deprecialed over its lease term which expires in
2115.
13 Investment property
2024
Fair value
At 1 July 2023 and 30 June 2024
280,000
The fair value of the investment property has been arrived at on the basis of a valuation carried out in June 24
by the trustees. The valuation was made on an open market value basis by reference to markel eviden￿ of
transaction prices for similar properties in the area.
2024
2023
Freehold
280,000
280,000
17-

EMMAUS GLOUCESTERSHIRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
14 Financial instruments
2024
2023
Carrying amount of financial assets
Debt instruments measured at amortised cost
2CI,595
27,667
Carrying amount of financial Ilabllltles
Measured at amortised cost
80,589
37,870
15 Debtors
2024
2023
Amounts falling due within one year:
Trade debtors
Olher debtors
Prepayments and accrued income
20,595
13,364
56,847
27,342
9,849
30.247
90,80e
67,438
16 Credltors: amounts falling due wlthln one year
2024
2023
Other taxation and social security
Trade creditors
Accruals and deferred income
7,066
65,366
15,203
6,967
18,007
19,863
87.635
44,837
17 Endowment funds
Endowment funds represent assets which must be held permanently by the charity. Income arising on the
endowment funds can be used in accordance with the objects of the charity and is included as unrestricted
income. Any capital gains or losses arising on the assets form part of the fund.
At 1 July 2023
At30June
2024
Permanent endowments
48 Lower Street, Stroud
202,500
202,500
Previous year:
At 1 July 2022
At 30 June
2023
Permanent endowments
48 Lower Street, stroud
202,500
202,500

EMMAUS GLOUCESTERSHIRE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
18 Restricted fu nds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject lo specific conditions by donors as to how they may be used.
Movement In funds
Incoming Resources Balance at 30
resources
expended
June 2024
Balance at 1
July 2023
The Peoples Shed
40,700
40,700
40.700
40,700
19 Unrestricted funds
The unrestricted funds of Ihe charity comprise the unexpended balances of donations 8nd grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 July 2023
Incoming
resources
Resou rces
expended
Transfers
At 30 Jun8
2024
Continuity Fund
Hucclecote Renovation Fund
General funds
250,000
120
2,172,293
250,000
600
2,436,529
480
(480)
1,046,848
{782,1321
2,422,413
1,046,848
1782.132}
2,687,129
Previous year:
At 1 July 2022
Incoming
resources
Resources
expended
Transfers
At 30 June
2023
Continuity Fund
Hucclecote Renovation Fund
General funds
250,DOO
250,000
120
2,172,293
12Q
(120}
2,019,562
913,354
(760,5031
2,269,562
913.354
{760,5031
2,422,413
During the previou5 year the board decided the the Property and Development Fund was no longer required.
Instead, in light of the pandemic, a Continuity Fund was been deemed more appropriate.
19-

EMMAUS GLOUCESTERSHIRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
20 Analysls of net assets between funds
Unrestrlcted
funds
2024
Restrlcted Endowment
funds
funds
2024
2024
Total
2024
At 30 June 2024:
Tangible assets
Investment properties
Current assetsl(liabilities}
1,725,173
280,000
681,956
40,700
202,500
1,968.373
280,000
681,956
2,687,129
40,700
202,500
2,930,329
Unrestricted
funds
2023
Restrlcted Endowment
funds
funds
2023
2023
Total
2023
At 30 June 2023:
Tangible assets
Investment properties
Current assetsllliabilities)
1,002,879
280,000
1,139,534
40,700
202,500
1,246,079
280,000
1,139,534
2,422,413
40,700
202,500
2,685,813
21 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
22 Cash generatod from operations
2024
2023
Surplus for the year
264,716
152,851
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
120,7471
17,389
{14,575)
22,893
Movements in working capital,.
Ilncreasel in debtors
Increase in creditors
(23,3681
42,798
(3,251)
12,578
Cash generated from operations
280,788
170,496
-20-

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