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← Emmaus Gloucestershire

2025-06-30-accounts

Company registration number 03489376 (England and Wales) Charity registration number 1067483 (England and Wales)

EMMAUS GLOUCESTERSHIRE

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

EMMAUS GLOUCESTERSHIRE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr N. Mantle
Mr C. Thomas
Mrs A. Halliday
Mr M. Watson
Mrs I. Fraser (Appointed 1 March 2025)
Mr D. Knight (Appointed 1 March 2025)
Secretary Ms L. Watson
Country of incorporation United Kingdom 03489376
(England and Wales)
Charity registration England and Wales 1067483
Principal address Chequers Road
Gloucester
GL4 6PN
Auditor Pitt Godden & Taylor LLP
Unit 3 Ambrose House
Meteor Court
Barnett Way
Barnwood
Gloucester
GL4 3GG
Bankers Lloyds TSB Bank plc
High Street
Cheltenham
GL50 1EW
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ

EMMAUS GLOUCESTERSHIRE

CONTENTS

Page
Trustees' report 1 - 3
Statement of trustees' responsibilities 4
Independent auditor's report 5 - 7
Statement of financial activities 8
Balance sheet 9
Statement of cash flows 10
Notes to the financial statements 11 - 20

EMMAUS GLOUCESTERSHIRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 JUNE 2025

The trustees present their annual report and financial statements for the year ended 30 June 2025.

The Trustees confirm the annual report and financial statements of the charity comply with current statutory 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).

Our Vision and Mission

Our Vision is a world in which everyone has a home and a sense of belonging.

Our Mission is to work together to overcome homelessness and social exclusion while using our voice to achieve social change.

Objectives and activities

In setting objectives and planning for activities, the Trustees have given due consideration to guidance published by the Charity Commission relating to public benefit, and in particular to its supplementary public benefit guidance.

The objects of the charity are the alleviation of homelessness and relief of poverty, hardship and the distress they cause to those in need. The objects are specifically restricted to the alleviation and relief of poverty, hardship and distress arising therefrom, in conformance with the principles of the Emmaus Movement as published from time to time by Emmaus UK, to those in need without distinction 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 time to time (the beneficiaries).

• The rehabilitation of the beneficiaries 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 of 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 recognised 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 resident. Companions work together with volunteers and employees collecting, upcycling and selling donated goods in our five retail outlets. All companions have the opportunity to gain new skills 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 accommodation, 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 achieve 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 2025

Achievements and performance

The 2024-2025 financial year was exceptional in many ways, with good levels of quality donations, very healthy demand and sales in our shops. The opening of our new shop in Cheltenham made a good contribution to these results.

Financially, our strategic aim is to diversify our income streams over time and, where possible, increase the range of skills and activities available to companions.

The development of ‘Frenchic’ upcycling of furniture in the People Shed is a good example of this.

Operational Performance

Emmaus Gloucestershire generated 74% of its income through its social enterprise business in 2024-2025. The remainder 15% came from Housing benefit and nearly 8% from general donations.

During the year 6,935 daily bed spaces were provided, 821 daily bed spaces were allocated on a solidarity basis (for which no housing benefit was granted).

We also donated £8,188 of furniture, shop items and sleeping bags, etc., to individuals and other charities on a solidarity basis.

Solidarity

The Emmaus Movement was founded on the concept of ‘Solidarity’ this means helping and working for others who are less fortunate than ourselves. Solidarity works at three levels: local, national, and international. Emmaus Gloucestershire 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.

Financial review

The total income for the year ending 30 June 2025 was £1,172,463, which was £125,615 more than for the previous year.

The total expenditure for the year ending 30 June 2025 was £849,198, which was £88,695 more than the previous year.

The net surplus for the year ending 30 June 2025 was £323,265, which was £58,549 more than the previous year. The surplus represents a 27.6% of total income.

Reserves

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a minimum of three months' expenditure. (At current levels, this equates to £205,000).

Following the withdrawal of business continuity insurance (which included pandemic insurance up to £250,000) we were advised that this was withdrawn. The trustees took the decision to self-insure and set aside £250,000 designated for this purpose.

Risk management

Trustees have in place risk management procedures, policies and a risk register which aims to manage and mitigate 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 executive 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 2025

Future Plans

We purchased a property in Bath Road Cheltenham and have completed phase one in turning the Ground floor into a Charity Shop, with phase two in the future being office accommodation.

Structure, 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 committee structure. The Business and Finance Committee, HR Committee, Policy and Practice Committee and External Affairs Committee met at least quarterly to review performance and to agree priorities for the quarter ahead.

The Board of Trustees has adopted the NCVO Code of Good Governance, and reviews the structures and workings accordingly.

The HR Committee meets annually to agree the remuneration 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 charity resting with the Chief Executive. The Chief Executive is responsible for ensuring that the 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 the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr N. Mantle Mr C. Thomas Mrs A. Halliday Mr M. Watson Mrs I. Fraser (Appointed 1 March 2025) Mr D. Knight (Appointed 1 March 2025)

None of the trustees has any beneficial interest 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 process for new Trustees takes place. This involves advertisement on Emmaus websites, and through specialist volunteering websites such as Volunteering Glos, Trustees Unlimited and REACH. An application and interview process takes place. Proposed appointments of new trustees must be approved by the Board of Trustees; following a successful application references and a DBS check are taken up.

The trustees' report was approved by the Board of Trustees and signed on their behalf by:

Mr C. Thomas

Trustee Dated: 28 January 2026

EMMAUS GLOUCESTERSHIRE

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 30 JUNE 2025

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 charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that 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.

EMMAUS GLOUCESTERSHIRE

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF EMMAUS GLOUCESTERSHIRE

Opinion

We have audited the financial statements of Emmaus Gloucestershire (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 notes to the financial statements, including 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:

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 Auditor's responsibilities for the audit of the financial statements 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 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 charity’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.

Other information

The other 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 the other information and 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.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

EMMAUS GLOUCESTERSHIRE

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF EMMAUS GLOUCESTERSHIRE

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose 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 charity’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.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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 auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when 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.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities including fraud and non-compliance with laws and regulations was as follows:

We assess the susceptibility of the charity financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To assess the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

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 transactions, the less likely it 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 to enquiry of the directors and other management and the inspection of any relevant regulatory correspondence.

Material misstatements that arise due to fraud can be harder to detect 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:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the Charityʼs 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 that we might state to the Charityʼs trustees those matters we are required to state to them in an auditorʼs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charityʼs trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Nicholas Bishop FCCA ACA (Senior Statutory Auditor)

For and on behalf of Pitt Godden & Taylor LLP, Statutory Auditor Chartered Accountants Unit 3 Ambrose House Meteor Court Barnett Way Barnwood Gloucester GL4 3GG 28 January 2026

Pitt Godden & Taylor LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

EMMAUS GLOUCESTERSHIRE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2025

Current financial year Unrestricted Restricted Endowment Total Total
funds funds funds
2025 2025 2025 2025 2024
Notes £ £ £ £ £
Income and endowments from:
Donations and legacies 3 91,216 - - 91,216 66,968
Charitable activities 4 178,096 - - 178,096 168,599
Other trading activities 5 875,064 - - 875,064 790,534
Investments 6 16,481 - - 16,481 20,747
Other income 7 11,606 - - 11,606 -
Total income 1,172,463 - - 1,172,463 1,046,848
Charitable activities 8 849,198 - - 849,198 782,132
Net income and movement in
funds 323,265 - - 323,265 264,716
Reconciliation of funds:
Fund balances at 1 July 2024 2,687,129 40,700 202,500 2,930,329 2,665,613
Fund balances at 30 June 2025 3,010,394 40,700 202,500 3,253,594 2,930,329
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
Prior financial year Unrestricted Restricted Endowment Total
funds funds funds
2024 2024 2024 2024
Notes £ £ £ £
Income and endowments from:
Donations and legacies 3 66,968 - - 66,968
Charitable activities 4 168,599 - - 168,599
Other trading activities 5 790,534 - - 790,534
Investments 6 20,747 - - 20,747
Total income 1,046,848 - - 1,046,848
Charitable activities 8 782,132 - - 782,132
Net income and movement in funds 264,716 - - 264,716
Reconciliation of funds:
Fund balances at 1 July 2023 2,422,413 40,700 202,500 2,665,613
Fund balances at 30 June 2024 2,687,129 40,700 202,500 2,930,329

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

EMMAUS GLOUCESTERSHIRE

BALANCE SHEET

AS AT 30 JUNE 2025

Notes
Fixed assets
Tangible assets
13
Investment property
14
Current assets
Debtors
16
Cash at bank and in hand
Creditors: amounts falling due within
one year
17
Net current assets
Total assets less current liabilities
The funds of the charity
Endowment funds
18
Restricted income funds
19
Unrestricted funds
20		 2025
£
£
2,260,023
280,000
2,540,023
61,991
696,344
758,335
(44,764)
713,571
3,253,594
202,500
40,700
3,010,394
3,253,594		 2024
£
£
1,968,373
280,000
2,248,373
90,806
678,785
769,591
(87,635)
681,956
2,930,329
202,500
40,700
2,687,129
2,930,329		 2024
£
£
1,968,373
280,000
2,248,373
90,806
678,785
769,591
(87,635)
681,956
2,930,329
202,500
40,700
2,687,129
2,930,329
2,248,373
681,956
2,930,329
202,500
40,700
2,687,129
2,930,329

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 28 January 2026

Mr C. Thomas Trustee

EMMAUS GLOUCESTERSHIRE

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2025

Notes
Cash flows from operating activities
Cash generated from operations
23
Investing activities
Purchase of tangible fixed assets
Proceeds on disposal of tangible fixed
assets
Interest received
Net cash used in investing activities
Net cash used in financing activities
Net increase/(decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
£
(315,684)
3,418
16,481		 £
313,344
(295,785)
-
17,559
678,785
696,344		 2024
£
(740,636)
953
20,747		 £
280,788
(718,936)
-
(438,148)
1,116,933
678,785

EMMAUS GLOUCESTERSHIRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

Charity information

Emmaus Gloucestershire is a private company limited by guarantee incorporated in England and Wales. The registered office is Chequers Warehouse, Chequers Road, Gloucester, 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 the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Expenditure

Resources expended are accounted for on an accruals basis.

EMMAUS GLOUCESTERSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

(Continued)

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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 expense as acquired.

Tangible fixed assets are included in the Balance Sheet at cost less accumulated depreciation, or at estimated value at the 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, at the following rates :-

Land and buildings Freehold is depreciated by nil. Leasehold is depreciated over the term of the lease. Plant and machinery 25% straight line Fixtures, fittings & equipment 10/20% straight line Motor vehicles 25% straight line

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 properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Stocks

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, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

EMMAUS GLOUCESTERSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

(Continued)

1.11 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ 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 liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net 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 price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at 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 of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial 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 entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

EMMAUS GLOUCESTERSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Donations and gifts 91,216 66,968
4 Income from charitable activities
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Housing benefit 178,096 168,599
5 Other trading activities
2025 2024
£ £
Shop income 872,242 790,534
Fundraising events 2,822 -
Other trading activities 875,064 790,534
6 Investment income
2025 2024
£ £
Rental income 10,771 10,180
Interest receivable 5,710 10,567
16,481 20,747

EMMAUS GLOUCESTERSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

7 Other income

Net gain on disposal of tangible fixed assets
Other income
Solidarity donations
Insurance received		 2025
£
3,418
-
8,188
-
11,606		 2024
£
-
316
-
46,992
47,308

Donations above of £8,188 relate to items (e.g. tents, sleeping bags etc) that were donated to the charity for sale, that were then donated onwards to those in greater need of them.

8 Expenditure on charitable activities

Direct costs
Staff costs
Depreciation and impairment
Other costs
Audit and bookkeeping fees
Analysis by fund
Unrestricted funds
9
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets
Profit on disposal of tangible fixed assets		 2025
£
452,365
24,034
366,949
5,850
849,198
849,198
2025
£
5,850
24,034
(3,418)		 2024
£
387,050
17,389
372,539
5,154
782,132
782,132
2024
£
5,000
17,389
-

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

Trustees travel expenses of £25 (2024- £645) have been met by the charity.

EMMAUS GLOUCESTERSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

11 Employees

Number of employees

The average monthly number of employees during the year was:

Shop/warehouse
Office/admin
Companion support
Employment costs
Wages and salaries		 2025
Number
7
5
2
14
2025
£
452,365		 2024
Number
6
5
2
13
2024
£
387,050

There were no employees whose annual remuneration was £60,000 or more.

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

13 Tangible fixed assets

Cost
At 1 July 2024
Additions
Disposals
At 30 June 2025
Depreciation and impairment
At 1 July 2024
Depreciation charged in the year
Eliminated in respect of disposals
At 30 June 2025
Carrying amount
At 30 June 2025
At 30 June 2024		 Land and
buildings
£
1,974,755
252,951
-
2,227,706
31,297
1,804
-
33,101
2,194,605
1,943,458		 Plant and
machinery
£
7,081
5,660
-
12,741
7,081
849
-
7,930
4,811
-		 Fixtures,
fittings &
equipment
£
94,304
1,278
-
95,582
70,745
10,186
-
80,931
14,651
23,559		 Motor
vehicles
£
91,190
55,795
(48,675)
98,310
89,834
11,195
(48,675)
52,354
45,956
1,356		 Total
£
2,167,330
315,684
(48,675)
2,434,339
198,957
24,034
(48,675)
174,316
2,260,023
1,968,373

EMMAUS GLOUCESTERSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

13 Tangible fixed assets (Continued)

The Nailsworth leasehold included in land and buildings is depreciated over its lease term which expires in 2115.

14 Investment property

Investment property
2025
£
Fair value
At 1 July 2024 and 30 June 2025 280,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out in June 2024 by the trustees. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties in the area.

2025 2024
£ £
Freehold 280,000 280,000

EMMAUS GLOUCESTERSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

15
Financial instruments
Carrying amount of financial assets
Debt instruments measured at amortised cost
Carrying amount of financial liabilities
Measured at amortised cost
16
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
17
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Accruals and deferred income		 2025
£
21,283
35,665
2025
£
21,283
4,276
36,432
61,991
2025
£
9,099
20,060
15,605
44,764		 2024
£
20,595
80,569
2024
£
20,595
13,364
56,847
90,806
2024
£
7,066
65,366
15,203
87,635

18 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 2024
At
£
Permanent endowments
48 Lower Street, Stroud
202,500
Previous year:
At 1 July 2023
At
£
Permanent endowments
48 Lower Street, Stroud
202,500		 30 June
2025
£
202,500
30 June
2024
£
202,500

EMMAUS GLOUCESTERSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

19 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Movement in funds
Balance at 1 Incoming Resources Balance at 30
July 2024 resources expended June 2025
£ £ £ £
The Peoples Shed 40,700 - - 40,700
40,700 - - 40,700

20 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and 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
Continuity Fund
Hucclecote Renovation Fund
General funds
Previous year:
At 1
Continuity Fund
Hucclecote Renovation Fund
General funds		 July 2024
Incoming
resources
Resources
expended
£
£
£
250,000
-
-
600
-
-
2,436,529
1,172,463
(849,198)
2,687,129
1,172,463
(849,198)
July 2023
Incoming
resources
Resources
expended
£
£
£
250,000
-
-
120
-
-
2,172,293
1,046,848
(782,132)
2,422,413
1,046,848
(782,132)		 Transfers
At 30 June
2025
£
£
-
250,000
480
1,080
(480)
2,759,314
-
3,010,394
Transfers
At 30 June
2024
£
£
-
250,000
480
600
(480)
2,436,529
-
2,687,129

EMMAUS GLOUCESTERSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

21 Analysis of net assets between funds

Unrestricted
Restricted
Endowment
funds
funds
funds
2025
2025
2025
£
£
£
At 30 June 2025:
Tangible assets
2,016,823
40,700
202,500
Investment properties
280,000
-
-
Current assets/(liabilities)
713,571
-
-
3,010,394
40,700
202,500
Unrestricted
Restricted
Endowment
funds
funds
funds
2024
2024
2024
£
£
£
At 30 June 2024:
Tangible assets
1,725,173
40,700
202,500
Investment properties
280,000
-
-
Current assets/(liabilities)
681,956
-
-
2,687,129
40,700
202,500		 Total
2025
£
2,260,023
280,000
713,571
3,253,594
Total
2024
£
1,968,373
280,000
681,956
2,930,329

22 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

23
Cash generated from operations
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Gain on disposal of tangible fixed assets
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Cash generated from operations		 2025
£
323,265
(16,481)
(3,418)
24,034
28,815
(42,871)
313,344		 2024
£
264,716
(20,747)
-
17,389
(23,368)
42,798
280,788