EMMAUS SOUTH LAMBETH COMMUNITY
(A company limited by guarantee)
ANNUAL REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024
Company Number: 03458828
Charity Number: 1069610

EMMAUS SOUTH LAMBETH COMMUNITY
(A company limited by guarantee)
FINANCIAL STATEMENTS FOR THE
TH
YEAR ENDED 30 JUNE 2024
Contents
Pages
Legal and administrative information
Report of the Trustees
3-13
Independent Auditor's Report
14-19
Statement of Financial Activities
20-21
Balan￿ Sheet
22
Statement of Cashflows
23
Notes to the Financial Statements
24-35

EMMAUS SOUTH LAMBETH COMMUNITY
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees and directors
Jonathan Pallas - Chair Resigned 31
De￿fflber 23
Rob8rt Lee- Resigned 16th May 24
Steven Harmer- Resigned 16th May 24
Tess Le- Resigned 21 st September 23
Jessica Worner
Ravi Rai - Resigned 21 st November 24
Simon Grainge- Resigned 19th Sep 24
Zoe Alexander
Amy Boland - Appointed 16th November 23
John Bozza - Chair from 1 st January 24
Alvin Jackson - Vice Chair from 1 Jan 24
Michael Hofman - Appointed 21st March 24
Paul Newman - Appointed 21 st March 24
Emily Pallas- Appointed 18th July 24
Chlef Executlve Officerl
Company Secretary
Jam8s Hayes
Reglstered Office
Bobby Vincent House
9 Knight's Hill
West Norwood
London
SE27 OHY
Charity reglstratlon number
1069610
Company registration number
03458828
Audltor
Baxter & Co.
Lynwood House
Crofton Road
Orpington
Kent
BR6 8QE
Bankers
Barclays Bank UK PLC
1 Churchill Place
London E14 5HP
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent ME19 4JQ
The Charity Bank Limited
Fosse House
82 High Street
Tonbridge
TN91BE

EMMAUS SOUTH LAMBETH COMMUNITY
TRUSTEES, REPORT
STRATEGIC REPORT
INCLUDING DifiECTORS REPORT AND
FOR THE YEAR ENDED 30 JUNE 2024
The Trustees, who also act as Non-Executive diredors of Emmaus South Lambelh
Community (Ihe Charity") for the purposes of company law, present their annual report
for the year ended 30 June 2024 together with the financial statements for that year.
The Trustees confirm that the annual report and financial statemenls of the Charity
comply with the current statutory requirements, the requirements of the Charity's
goveming document and the provisions of the Slatemenl of Recommended Practice
(SORP) "Accounting and Reporting by Charities. (FRS 102).
The Charity was incorporated as a company limited by guarantee (number 03458828)
and not having a share capital on 31 October 1997 and registered a8 a charity (number
1069610) on 19 May 1998.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Govarnlng document
The Company was constituted under a Memorandum, which eslablished the objects
and powers of the charitable company and is govemed by its Articles of Association.
Inductlon and trainlng of new Trustees
The Trustees are selected for their experience and ski118 relevant to the tasks required
of the Board at each stage.
Each new Trustee is interviewed and inducted into the Charity and its objectives and
mission. From time to time, appraisals are undertaken of Trustees, skills and
experience.
The training facilities for Trustees offered by Emmaus UK are available to our Trustees.
Oryanlsational structure
Board of Dlrectors
The Board of Directors is responsible for the overall governance of the company and
charty.
The management of the Charily is the responsibility of the Non-Executive Directors
who act as Trustees for purposes of Charity Law and are elected and co-opted under
the terms of the Articles of Association.
The Board of Trustees ('Ihe Board") meets every months to effect the strategic
management of the Charity's affairs with reports from the Board Committees
("Subcommittees°).
The Subcommittees are composed of Trustees appointed by the Board, staff of
Emmaus South Lambeth Community and volunteers approved by the respective
Subcommittee. They normally meet prior to each Board meeting, taking an active role
in their respective areas of competence and report back to the Board on matters within
their remit.

EMMAUS SOUTH LAMBETH COMMUNITY
TRUSTEES, REPORT
INCLUDING DIRECTORS REPORT AND
STRATEGIC REPORT) FOR THE YEAR ENDED 30 JUNE 2024-
continued
Finance & Audit Committee
This Subcommittee is tasked with the following responsibilities..
Reviewing the monthly Management Accounts;
Reviewing the Annual Report and Financial Statements prior to approval by the
Board;
Assisting in the preparation of the Annual Budget and presenting it lo the Board for
approval;
Reviewing internal financial controls and procedures"
Ensuring compliance in legal and ststutory matters in relation to Emmaus South
Lambeth Community,. and
Providing 8d-hoc financial reports as requested by the Board.
Business Development and Communicatlons Committ88
This Subcommittee is tasked with the following responsibilitie8.'
Ensuring and overseeing the development and implementation of policies and
activities affecting the businesslcommercial development and all communications
concerning Emmaus South Lambelh Community,.
Ensuring the development and implementats'on of sound business development
strategies that will ensure Emmaus South Lambeth Community has a sound financial
basis on which to further develop its work; and
Acting as a forum for Trustees, Emmaus South Lambeth Community's staff,
volunteers and Companions, empowering Companions to develop elements of
ownership and a stake in the future of the Emmaus South Lambeth Communty,
Human Resources and Companion Welfare Committee
This Subcommittee is tasked with the following responsibilities:
Staffing and welfare guidance to the Charity with regard to staff, volunteers and
Companions;
Oversee and monitor safeguarding policies and pro￿dureS
HR policies and processes, appraisals and training; and
Health and Safety matters.

EMMAUS SOUTH LAMBETH COMMUNITY
TRUSTEES, REPORT
STRATEGIC REPORT
INCLUDING DIRECTORS REPORT AND
FOR THE YEAR ENDED 30 JUNE 2024-
continued
Senior Leadershlp Taam
The Senior Leadership Team consists of a Chief Executive, Head of Finance and
Communities. Head of Business and Partnership Manager.
Related Partles
Emmaus South Lambeth Community is an independent charity, which belongs to the
international Emmaus movement, and is a member of the Emmaus Federation in the
UK. Emmaus South Lambeth Community is known locally as Emmaus SLC.
Risk Management
The Trustees have carried out an assessment of the risks facing the Charity and have
a Risk Register which is reviewed annually. They have established procedures for
minimising the risks associated with running the Community and risks associated with
the business side of the Community's activities to reflect the development of Ihe
Charity business and activities, and also to reflect the changing nature of the economic
climate.
OBJECTS AND ACTIVITIES
Objects and Aims
According to the Memorandum of Association, the Objects of the Charity are:
1. the alleviation and relief of poverty, hardship and distress arising therefrom to those
in n*d without distinction and in furtherance of those objects but not otheNise;
2. the provision of accommodation, or assistance in such provision, for the poor and
homeless in the Southbank area of London and such other places as may seem
appropriate from time to time",
3. the provision of education, training and employment training for such persons with
the purpose of developing skills to enable them to gain employment.
4. the support ofthe work of other Emmaus Communities or other agencies in the relief
of povety 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 Communities worldwide;
5. to educatethe public in the needs of poor and marginalised people through whatever
means of publicity or education the Charity deems fit, including electronically through
our media channels", and
6. to recruit and train workers to support the furtherance of the Objects.

EMMAUS SOUTH LAMBETH COMMUNITY
TRUSTEES, REPORT
STRATEGIC REPORT
INCLUDING DIRECTORS REPORT AND
FOR THE YEAR ENDED 30 JUNE 2024-
Gontinued
Significant Activities
Emmaus South Lambeth Communty aims to alleviate the distress and hardship of
those who have experienced the ravages and trauma of homelessness and other
forms of social exclusion in South London.
The Charity strives to achieve this through operating a successful Emmaus
Community, which provides not only a warm welcome and a safe home to those in
need, but also work, and through work, the chance to regain self-respect and hope.
Emmaus South Lambeth Community enjoys long-standing links with many
organisations in London and the surrounding areas through whom our offer of
welcome, help and opportunity can be extended to all who need it and are willing to
subscribe to the Emmaus Principles.
All Emmaus communities are non-religious and open to all who can ac￿P1 the simple
practical conditions of membership without regard to gender, race, creed, or sexual
orientation.
The main business for this, and indeed all Emmaus UK Communrties, is collecting,
recycling and then selling donated goods including furniture, bric-a-brac and some
white goods. From spring 2013 to December 2023 the supply of furniture and electrical
goods to the London Borough of Lambeth for residents who would previously have
been eligible for Crisis Loans and Community Care Grants was a signrficant part of the
business. This 'Emergency Support Scheme, work was mainly carried out by the
beneficiaries of the Charrty and fits with the core aim of the alleviation and relief of
poverty and hardship and distress.
Every Emmaus Communty operates a social enterprise in which all members of the
Comrnunity contribute to their mutual well-being and support, striving to generate
surpluses to benefit others.
The Charity's strategies for achieving these Objects are:
To provide a twenty-seven bed Community house in Lambeth that is
welcoming, friendly and secure.
To provide a ten bed Community in Croydon, SE25, for Companions to live
safely and securely, and an additional eight bed Communty in Croydon, SE19
for Companions wishing to move towards a semi-independent lrfestyle.
To provide a three bed 'move on, flat for companions who enter the world of
external work.
To provide training and operate sales outlets to carry on a successful soaal
enterprise;

EMMAUS SOUTH LAMBETH COMMUNITY
TRUSTEES, REPORT
STRATEGIC REPORT
INCLUDING DIRECTORS REPORT AND
FOR THE YEAR ENDED 30 JUNE 2024-
continued
To provide support, hope and encouragement to Companions, as those who live in
an Emmaus Community are known to address past and present problems and, if they
wish. to equip them for independent living within a timescale determined by the needs
and wishes of each individual. and
- To create and maintain appropriate management.
The following factors are relevant to the achiavement of the Charity's objectives:
Adherence to the 5 Year strategic plan which was updated in 2022 with a focus on
sustainability, growth, and awareness. This is reviewed periodically.
Development of the Charity's business activity so that trading becomes the major
source of income of the Charity.
Grant-making and Solidarity
In 2014 members of the Community organised a Solidarity Committee and have since
undertaken a number of fundraising events for other charities. All staff and companions
are granted two days off work each year to volunteer with other charities.
Staff, companions and friends of Emmaus South Lambeth Community volunteered
their time to support Crisis at Christmas in a hotel in Westminster. When the hotel
closed on 5th January 2024, three Crisis at Christmas guests were accommodated in
our Community buildings and supported with their move on plans.
In September 2023 companions, staff and trustees of Emmaus South Lamb8th
Communily participated in a Solidarity 24-hour Spin-a-thon, and a coffee and cake
sale. Over £3,000 was raised and split betN4een UK charity Street Storage and
Emmaus Ukraine.
In addition, Emmaus SLC has supported several ad-hoc requests for furniture and
goods in kind with an approximate value of £1,500 for local people in need.
Voluntsers
The Charity has over the year had the help of about forty part-time volunteers, some
of whom are former companions. Our volunteers assist in the shops, kitchen,
warehouse, and vans, working alongside our companions.
Charitsble Activity Beginnings
A site suitable for an Emmaus Community was identified and purchased by the Charily
in 2001. This included space for accommodation, a warehouse and two shops and a
major fundraising effort was undertaken to cover the cost of the accommodation block
and warehouse.

EMMAUS SOUTH LAMBETH COMMUNITY
TRUSTEES, REPORT
STRATEGIC REPORT
INCLUDING DIRECTORS REPORT AND
FOR THE YEAR ENDED 30 JUNE 2024-
continued
Shops and Warehouse
The Chaiity opened its first shop selling donated goods in November 2004. In April
2006 a second shop, adja￿nt to the first one, was opened to allow the Charity to
expand the range of goods offered. In November 2009 the Charity moved its furniture
sales and workshop into ils own building in Beadman Street, after a suc￿Ssful short
lease in a local warehouse.
In April 2012 Ihe Charity leased another shop at 88 Knights Hill for selling furniture and
other household items.
In spring 2013 the Charity agreed a lease with the London Borough of Lambeth on a
unit in Brixton which would be used lo supply furniture and electrical goods to the local
authority for residents who would previously have been eligible for Crisis Loans and
Community Care Grants. This 'Emergency Support Scheme, cornmenced in April 2013
and fits with the core aim of Ihe alleviation and relief of poverty and hardship and
distress. The work involved in the Emergency Support Scheme is mainly carried out
by the beneficiaries of the Charity. This agreement with LB Lambeth ended on 31.
De￿mber 2023 and our unit in Brixton was vacated in spring 2024.
In October 2016 the Charity took on a 66-year lease on a large retail property in
Stafford Road, Wallington. This unil had previously been trading as Wallington
Missionary Mart & Auctions before being transferred to Emmaus UK in 2014. In
November 2017, the freehold was purchased from London Borough of Sutton for
£25,000. As the buildings on thi8 Sfte are in a poor state of repair and not economically
viable to bring up to standard, we are considering the long-term future of the property
and potential sale of the freehold. 11 is expected that this property will be sold at some
point within Ihe next five years however there are legal issues around right of access
and easement over the driveway which we are aiming to resolve before we sell.
In March 2017, the Charity took on a lease for an antique shop in High Street,
Carshalton and then in July 2017, a 5-year lease on a furniture shop in Caterham. This
lease was extended for a further 10 years. In October 2018 a 10-year lease was taken
on a high street shop on Brighton Road, Purley. In March 2023 the lease expired on
the Carshalton shop and was not renewed due to a proposed increase in rent which
made the shop unviable financially. In February 2024 an 8 year lease on a shop at 275
Lower Addiscombe Road, Croydon was taken. We have also seen considerable
growth in our online sales and will look to invest and focus on this part of our business
in the future.
Accommodatlon
In 2006 agreement was reached with Ujima Housing Association (Ujima) whereby
Emmaus South Lambeth Community granted Ujima a 999-year lease over part of its
site in West NoThvood, enabling Ujima to access £1.67 million of funding from the
Housing Corporation to fund the construction of the accornmodation block.
Construction work was completed in early October 2007 and the first Companion
moved into the Community laterthat month. In January 2008 Ujima was taken over by
London and Quadrant Housing Association.

EMMAUS SOUTH LAMBETH COMMUNITY
TRUSTEES. REPORT
STRATEGIC REPORT
INCLUDING DIRECTORS REPORT AND
FOR THE YEAR ENDED 30 JUNE 2024-
continued
The West NoDNood Community consistently operates at tts capactty of twenty-seven
Companions.
In May 2014 the Charity entered into a three-year agreement with West London
Mission IWLM) to develop and manage a satellite residential Community in WLM
premises in Kennington. The project ran, as planned, until May 2017 and was
considered a success.
In January 2018 a bid was accepted for the freehold purchase of a 7-bed House of
Multiple Occupancy (HMO) in the London Borough of Croydon, owned by Croydon
Churches Housing Association, who have supported our Companions throughout the
year in accessing independent accommodation. This has since been reconfigured to
be an 8-bed home.
This purchase was completed in August 2018 and the capital cost of £700,000 was
very generously funded by The Leslie Aldridge Trust, to whom we are extremely
grateful.
In Oclober 2019 a freehold purchase was completed for another 7 bed HMO in
Croydon. from Croydon Churches Housing Association. This has since been re-
configured to be a 10-bed home. We are very grateful to The Leslie Aldridge Trust and
Emmaus UK for funding the capital cost of £693,000.
Through 2022 work took place to redevelop the Beadman Street site to include an
office complex on a mezzanine floor, and moving of the existing offices in Bobby
Vincent House to create a three bedroom 'move on flat, for companions entering
paid, external work. The offices in Bobby Vincent House were in an existing two bed
flat, so needed minimal reconfiguring in Bobby Vincent House. We are grateful to
both Emmaus UK and the Leslie Aldridge Trust for helping to fund this work.
Workshoplwarehouse
In March 2007 the Charily was successful in being awarded £250,000 from the
Department of Communities and Local Govemment, which, together with other
pledged funds and donations already received enabled the Charity to commence
construction of a workshoplwarehouse on a site purchased by the Charity at the rear
of the Accommodation Block in West Norwood.
The Charity modified its original plans forthe warehouse forwhich planning permission
had been granted as the cost of that warehouse design proved to be prohibitive and
the Charity obtained revised planning permission for a smaller warehouse. The
construction commenced in spring 2009 and was completed in November 2009.

EMMAUS SOUTH LAMBETH COMMUNITY
TRUSTEES, REPORT
STRATEGIC REPORT
INCLUDING DIRECTORS REPORT AND
FOR THE YEAR ENDED 30 JUNE 2024-
continued
Social Impact
The year 2023-24 saw a total of 18 new Companions join and we received 133
enquires and referrals for accommodation in the year. This reflects on the increase in
homelessness and cost of living more widely in society.
These enquiries and referrals come from a wide range of sources, induding homeless
hostels and day centres, rough sleeper outreach teams, the prison seniice, and self-
referrals.
Of the 15 Companions moving on from the Community 12 of Ihese were planned,
positive 'move ons,, moving into a cornbination of independenl accommodation in the
private rented sector. social housing, age-appropriate accommodation, and other
Emmaus Communities. We assisted companions in reconnecting to Poland, Romania,
and Portugal as well as helping facilitate moves to Norfolk, Cambridge. and
Bournemouth. One companion departed as they required 24 hour a day support
following a stroke, and another moved into specialist alcohol detox and rehabilitation
seroices.
All Companions were given monthly support plan meetings and Personal Development
Plans to assist them in achieving their aims and aspirations. Companions were
supported with their physical and mental health by way of therapeutic counselling,
dental and medical appointments. We have seen an increase in companions require
assistance with their physical and mental heatth. Companions were also offered, and
engaged with, a range of external services, including work experience placements, and
courses including food hygiene, PAT testing, art, literacy, numeracy, ESOL, SIA,
CSCS, and computer training. Companions found external employment in hospitality,
outreachlhomeless services, and warehousing.
We have successfully assisled all our Companions to have bank accounts and make
the transition to receiving their allowance monthly into the bank, rather than weekly in
cash. This enables them to prepare for life outside of the Emmaus Community,
whether Ihat be in paid employment or in receipt of Universal Credit. Companions
have also been supported to get identification such as Passports and Driving
Licences. Companions, staff and Trustees have b￿n supporting local rough
sleepers through volunteering activities with food distribution organisations and Crisis
at Christmas.
We have been pleased to employ the services of a Move-on Support Worker and a
Progression Coach. The Move-on Support Worker assists Companions in their goal
towards independent living and employment, including support with extemal training.
We have also been fortunate to employ an externally funded Support Worker to deliver
a 'Cooking with Confidence, course lo assist companions to not only cook, but to
budget and plan around kilchen and food activities.
The focus to engage Companions in social events remains high. however, with trips to
the Iheatre, cinema, various football and rugby matches, and group events such as 10
pin bowling, barbeques and our annual summer Bank Holiday trip to Brighton taking
place throughout the year, wherever possible.
10

EMMAUS SOUTH LAMBETH COMMUNITY
TRUSTEES, REPORT
STRATEGIC REPORT
INCLUDING DIRECTORS REPORT AND
FOR THE YEAR ENDED 30 JUNE 2024-
continued
We have had several companions join us who are looking to regularise their
immigration status and they do not have recourse to public funds, e.g. Universal Credit
and Housing Benefit. There has been lots of activity from our Community Managers
working with various law centres and specialists in immigration advice to assist
individuals in the lengthy and often complicated issues surrounding immigration and
welfare benefits,
FINANCIAL REVIEW
There was a deficit in the year of £151,064 (2023.. £127,976)
The balance sheet shows that the charity had net funds of £3,258,460 (2023
£3,409,524) at the year end.
Reserves Policy
The Trustees maintain a conservative Reserrfes Policy to ensure that all short term
and long tenn commitments can be met in the current economic environment.
Reserves constitute funds arising from income which becomes available to the
charity and 18 to be spent at the discrelion of the Trustees in furtherance of the
objects of the Charity and which is not yet spent, committed, restricted or designated.
ReseNes are held to finance all liabilities and future development of the charity.
The Trustees wish to maintain a sufficient level of liquid unrestricted reserves so that
there are adequate funds to meet all current and known liabilities ideally for a range
of between three and five months, revenue expenditures.
Emmaus South Lambeth Community is extremely grateful for all the generous
donations given throughout the year.
Investment Policy and Objectlves
The Charity's principal investment is in land and buildings in West Norwood, Croydon
and Surrey.
The Trustees, having regards to the liquidity of the Charity keep its funds on deposft
so that the funds are available when required and are satisfied with the return
achieved on cash deposits.
FUTURE DEVELOPMENTS
Both business and residential opportunities will continue to be explored and
developed with further new retail outlets being considered for the coming year. Retail
Support Workers will be employed for all new retail outlets to provide Companions
with additional support in the workplace as well as continuing support from staff by
way of monthly support plans and Personal Development Plans.
11

EMMAUS SOUTH LAMBETH COMMUNITY
TRUSTEES, REPORT
STRATEGIC REPORT
INCLUDING DIRECTORS REPORT AND
FOR THE YEAR ENDED 30 JUNE 2024-
continued
As financial self-sufficiency is maintained, the Trustees plan to use any surplus
generated in future years in line with the charity's 5 year strategic plan which includes
the development of new Emrnaus Communities and for charitable purposes
consistent with the aims and objectives of Emmaus South Lambeth Community.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees (who are also directors of Emmaus South Lambeth Community for the
purposes of company law) are responsible for preparing the Trustees, Annual Report
and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law in England and Wales requires the Trustees to prepare financial
statements for each financial year which give a true and fair view of the charitable
company and the incoming resources and application of the resources, including the
net income or expenditure, of the charitable company for the year. In preparing these
financial statements, the Trustees are required to:
a) select suitable accounting policies and apply them consistently.,
b) observe the methods and principles in the Charities SORP;
c) make judgements and estimates Ihat are reasonable and prudent,.
d) state whether applicable accounting standards and statements of
recommended practice have been followed, subject to any departures
disclosed and explained in the financial statements.,
e) prepare the financial Statements on the going concem basis unless it is
inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper 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 Charities Act 2011, the
Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust
deed. They are also responsible for safeguarding the assets of the charity and hen
for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
Disclosure of Informatlon to audltor
So far as the trustees are aware, there is no relevant audit inforrnation which has not
been disclosed to the charity's auditors. They have taken all the steps that they ought
to have taken as trustees in order to make themselves aware of any matters which
would be relevant for audit purposes, and to ensure that such information has been
communicated to the charity's auditors.
Risk Management
The major risks to which the chaiity is exposed, as identified by the Trustees, have
been reviewed and systems and procedures have been established to manage those
risks.
12

EMMAUS SOUTH LAMBETH COMMUNITY
INCLUDING DIRECTORS REPORT AND
FOR THE YEAR ENDED 30 JUNE 2024-
continued
TRUSTEES, REPORT
STRATEGIC REPORT
Going Concern
As described in the accounting policies on page 24, the accounts have been prepared
on a going con￿rn basis which assumes that the charitable company can continue to
operate.
Auditors
A resolution will be proposed at the next Annual General Meeting to re-appoint Baxter
& Co as the company's auditors.
Small Companies, Exemptions
This report has been prepared in accordance wlth the provisions applicable to
companies entitled to the small Gompanies, exemption.
Approved by the board on aoJonu￿fL
02g and signed on its behalf by..
Michael Hofman - Trustee
13

EMMAUS SOUTH LAMBETH COMMUNITY
INDEPENDENT AUDITORS, REPORT
TO THE MEMBERS OF EMMAUS SOUTH LAMBETH
COMMUNITY
Opinion
We have audited the financial statements of Emmaus South Lambeth Community (The
'Charitable Company,) for the year ended 30 June 2024 which comprise the Statement
of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the notes
to the accounts, including a summary of signrficant 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 accounts:
give a true and fair view of the stale of the charity's affairs as at 30 June 2024
and of its incoming resources and application of resources, 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 oplnion
We conducted our audit in accordance with International Standards on Auditing {UK)
(ISAS (UK)) and applicable law. Our responsibilities under those standards are further
described in the Auditorfs responsibilities for the audit of the accounts section of our
report. We are independent of the in accordance with Ihe ethical requirements that are
relevant to our audit of the accounts in the UK, including the FRC'S Ethical Standard,
and we have fulfilled our other ethical responsibilities in accordance with these
requirements. We believe that the audit evidence we have obtained is sufficient and
sppropriate to provide a basis for our opinion.
Conclusions relating to golng concern
In auditin9 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
Un￿rtaIntieS 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 ￿e1ve months from when the financial statements are authorised
for issue.
Our responsibilities and the responsibilities of the trustees with respect to going
concem are described in the relevant sections of this report.
14

EMMAUS SOUTH LAMBETH COMMUNITY
INDEPENDENT AUDITORS, REPORT
TO THE MEMBERS OF EMMAUS SOUTH LAMBETH
COMMUNITY- Continued
Other information
The other information comprises Ihe information included in the trustees, annual
report, other than the financial statements and our auditor's report thereon. The
trustees are responsible for the other information. Our opinion on the financial
statements does not cover the other information and, ex￿pt 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 Othe￿Ise 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
perfonTJed, we conclude that there is a material misstatement of this other
infomiation, we are required to report that fact.
We have nothing to report in this regard.
Opinlons 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, which includes the strategic report
and the directors, report prepared for the purposes of company law, for the
financial year for which the financial statements are prepared is consistent with
the financial statements., and
The strategic report and the directors, report included within the trustees, report
have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exceptlon
In the light of the 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 strategic report or the directors, report included within the
trustees, report.
We have nothing to report in respect of the following matters where the Companies
Act 2006 requires us to report to you if. in our opinion:
the charitable company has not kept adequate and sufficient accounting
records, or retums adequate for our audit have not been received from
branches not visited by us. or
the charitable company's financial statements are not in agreement with the
accounting records and returns. or
certain disclosures of trustees, remuneration specified by law are not made. or
we have not received all the information and explanations we require for our
audit
15

EMMAUS SOUTH LAMBETH COMMUNITY
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF EMMAUS SOUTH LAMBETH
COMMUNITY- Continued
Responsibilities of Trustses
As explained more fully in the Statement of Trustees Responsibilities as set out on
page 12, 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 detemiine is necessary to enable the preparation of the
financial statements that are free from material misstatement, whether due to fraud or
error.
In preparing the accounts, the trustees are responsible for assessing the charitable
company's ability to continue as a going concem, disclosing, as applicable, matters
related to going concern and using the going concern basis of accounting unless the
either intend to cease operations, or have no realistic altemative but to do so.
Auditor's responslblllties for the audft of the flnanclal ststements
Our objectives are to obtain reasonable assuran￿ about whether the financial
ststements as a whole are free from material misstatement, whether due to fraud or
error, and to issue an auditovs report that includes our opinion. Reasonable assurance
is a high level of assurance, but is not a guarantee that an audit conducted in
accordan￿ with ISAS (UK) will always detect a material misstatement when it exisls.
Misstatements can arise from fraud or error and are considered material if, individually
or in the aggregate, Ihey could reasonably be expected to influence the economic
decisions of users taken on the basis of these financial statements.
Capabllity of the audlt In detectlng irregularfties, includlng fraud
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
detsiled below.,
Based on our understanding of the charity and the sector as a whole, and through
discussions with the trustees and other management (as required by audrting
standards), we identified that the principal risks of non compliance with laws and
regulations, related to the Companies Act, the Charities Act, and safeguarding.
16

EMMAUS SOUTH LAMBETH COMMUNITY
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF EMMAUS SOUTH LAMBETH
COMMUNITY- Continued
Our approach was as follows:
We obtained an understanding of the legal and regulatory requirements
applicable to the chaiitable company and considered that the most significant
are the Companies Act 2006. the Charities Act 2011. the Charity SORP, and
UK financial reporting standards as issued by the Financial Reporting
Council.
We obtained an understanding of how the charity company complies with
these requirements by discu88ions with management and those charged with
governan￿.
We assessed the risk of material misstatement of the financial statements,
including the risk of material misstatement due to fraud and how it might
occur, by holding discussions with management and those charged with
governance.
We inquired of management and those charged with governance as to any
known instan￿5 of non-compliance or suspected non-compliance with laws
and regulations.
We evaluated trustees and managements incentives and opportunities for
fraudulent manipulation of the financial statements (including the risk of
override of conlrols) and delermined the principal risks related to posting
inappropriate journals to manipulate revenue or expenditure.
Based on this understanding, we designed specific appropriate audit
procedures to identify instances of non-compliance with laws and regulations.
This included making enquires of management and those charged with
govemance and obtaining additional corroborative evidence as required.
In addressing the risk of fraud due to management override of internal
controls we tested the approprialeness of joumal entries and assessed
whether the judgements made in making accounting estimates were
indicative of a potential bias.
Due to the inherent limitations of an audrt, there is an unavoidable risk that we may
not have detected some material misstatements in the fi'nancial statements, even
though we have properly planned and performed our audit in accordan￿ with
auditing standards. For example. as with any audit, there remained a higher risk of
non-detection of irregularities, as these may involve collusion, forgery, intentional
omissions. misrepresentations, or the override of internal controls. We are no
responsible for preventing fraud or non-complian￿ with laws and regulations and
cannot be expected to detect all fraud and non-compliance with laws and regulations.
17

EMMAUS SOUTH LAMBETH COMMUNITY
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF EMMAUS SOUTH LAMBETH
COMMUNITY- Continued
As part of an audit in accordan￿ with ISAS (UK) we exercise professional judgement
and maintain professional scepticism throughout the audit. We also:
Identify and assess the risks of material misstatement of the financial
statements, whether due to fraud or error, design and perform audit
Pro￿dureS responsive to those risks, and obtain audit eviden￿ that is
sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one
resulting from error, as fraud may involve collusion, forgery, intentional
omissions, misrepresentations, or the override of internal control,
Obtain an understanding of internal control relevant to the audit in order to
design audit procedures that are appropriate in the circumstances, but not for
the purposes of eXp￿$s]ng an opinion on the effectiveness of the group and
parent charitable company's internal control.
Evaluate the appropriateness of accounting policies used and the
reasonableness of accounting estimates and related disclosures made by the
trustees.
Conclude on the appropriateness of the trustees, use of the going concern
basis of accounting and, based on the audit evidence obtained, whether
material uncertainty exists related to events or conditions that may cast
significant doubt on the group and parent charitable company's ability to
continue as a going concern. If we condude that a material uncertainty
exists, we are required to draw attention in our auditor's report to the related
disdosures in the financial staterments or, if such disclosures are inadequate,
to modify our opinion. Our conclusions are based on the audit evidence
obtained up to the date of our auditorfs report. However, future events or
conditions may cause the group or parent charitable company to cease to
continue as a going concern.
Evaluate the overall presentation, structure and content of the financial
statements, including the disclosures, and whether the financial stalements
represent the underlying transactions and events in a manner that achieves
fair presentation (i.e. gives a true and fair view).
18

EMMAUS SOUTH LAMBETH COMMUNITY
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF EMMAUS SOUTH LAMBETH
COMMUNITY- Continued
We communicate with those charged with governance regarding, among other
matters, the planned scope and timing of the audit and significant audit findings,
including any significant deficiencies in internal control that we identify during our
audit.
Use of our report
This report is made solely to the charitable company's members, as a body, in
accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work
has been undertaken so that we might state to the charitable company's members
those matters which we are required to state to them in an auditor's report and for no
other purpose. To the fullest extent permitted by law, we do not accept or assume
responsibility to any party other than the charitable company and charitable
company's members as a body, for our audit work, for this report or for the opinions
we have formed.
L￿￿
Christopher Jones FCCA, Senior Statutory Auditor
For and on behalf of
Baxter & Co
Chartered Accountants
Statutory Auditor
Lynwood House
Crofton Road
Orpington
Kent
19

EMMAUS SOUTH LAMBETH COMMUNITY
STATEMENT OF FINANCIAL ACTIVITIES
includin
Income and
enditure Account
FOR THE YEAR ENDED 30TH JUNE 2024
Notes Unrestricted Restricted 3010612024 3010612023
funds
funds
Total funds Total funds
INCOME FROM:
onations and legacies
Activities for Generating Funds
vestments - Bank Interest
overnment Grants
37,426
1,779,669
15,307
39,887
77,313
108,327
1,779,669 1,803,555
15,307
7,311
otal incomlng resources
1,832 402
1,872.289 1919,193
EXPENDITURE ON:
haritable activities:
Community Developmenuoperations
rrading
Sovernance costs
369,417
1,567,468
43,731
42,737
412,154
473,045
1,567,468 1 ,523,274
43,731
50,850
otal Resources Expended
1,980,616
42,737 2,023,353 2,047,169
Net Incoming (Outgolng) Resources
lefore Transfers
(148,214)
(2,850) (151,064) (127,976)
ransfers between funds
VET MOVEMENT IN FUNDS
otal funds brought forward
148 214
2,850
151,064
127,976
3,397,974
11,550
3,409,524 3,537,500
-JOTAL FUNDS CARRIED FORWARD
3 249 760
3 258 460 3 409,524
The comparative figures for 2023 are analysed according to fund on the next page of these
financial statements.
The Statement of Financial Activities also complies with the requirements for an income and
expenditure account under the Companies Act 2006.
20

EMMAUS SOUTH LAMBETH COMMUNITY
STATEMENT OF FINANCIAL ACTIVITIES
includin
Income and
enditure Account
FOR THE YEAR ENDED 30TH JUNE 2024
Notes Unrestricted Restricted 3010612023 3010612022
funds
funds
Total funds Total funds
see over
- INCOME FROM:
onations and legacies
Bctivities for Generating Funds
investments - Bank Interest
Government Grants
55,796
1,803,555
7,311
52,531
108,327
276,417
1,803,555 1,562,998
7,311
1,783
107
otal incoming resources
1,866,662
52,531
1,919,193 1,841.305
XPENDITURE ON:
Charitable activities..
ommunity Developmenuoperations
rrading
Governance costs
425,064
1,523,274
50,850
47,981
473,045
437,889
1,523,274 1,410,067
50,850
35,309
otsl Resources Expended
1,999,188
47,981
2,047,169 1,883,265
et Incoming (Outgoing) Resources
efore Transfers
(132,526)
4,550
(127,976) (41,960)
ransfers between funds
ET MOVEMENT IN FUNDS
132,526
4,550
127,976
41,960
Totsl funds brought forward
3,530,500
7,000
3,537,500 3,579,460
-foTAL FUNDS CARRIED FORWARD
3.397.974
11,550
3,409,524 3,537,500
21

EMMAUS SOUTH LAMBETH COMMUNITY
BALANCE SHEET AS AT 30TH JUNE 2024
3010612024 3010612023
Notes
FIXED ASSETS
Tangible assets
11
2,593,596
2,672,099
CURRENT ASSETS
Debtors
Cash at bank and in hand
Stock
12
69,042
698,962
4,547
772,551
96,725
759,640
5,375
861,740
CREDITORS
amounts falling due within
one year
13
107,687
124,315
NET CURRENT ASSETS
664,864
737,425
TOTAL ASSETS LESS
CURRENT LIABILITIES
3,258,460
3 409,524
FUNDS
General unrestricted funds
Unrestricted funds
Restricted funds
3,249,760
8,700
3,397,974
11,550
TOTAL FUNDS
14
3,258,460
3,409,524
The accounts are prepared in accordance with the provisions of part 15
of the Companies Act 2006 relating to small companies.
Approved by the Trustees on 20 J lOI%
Michael Hofman - Trustee
22

EMMAUS SOUTH LAMBETH COMMUNITY
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30TH JUNE 2024
3010612024
3010612023
Notes
Cash Flows from operating
actlvities
Cash generated from operations
17
(34,4261
115,172
Net cash {oufflow)finflow from
operatlng actlvitles
(34,426)
115,172
Inv88tlng Actlvltl88
Purchase of tangible assets
Proceeds from disposal of
tangible fixed assets
Interest received
{54,559)
(48,765)
13,000
15,307
9,666
7,311
Net (decrease)lincr8ase in cash
and cash equivalents
(60,678)
83,384
Cash and cash aquiv81ents at
beginning of year
759,640
676,256
Cash and cash equlvalents at
end of year
698,962
759,640
23

EMMAUS SOUTH LAMBETH COMMUNITY
PRINCIPAL ACCOUNTING POLICIES
FOR THE YEAR ENDED 30TH JUNE 2024
Basis of Preparation
Emaus South Lambeth Community is company limtted by guarantee in England and
Wales. In the event of the charity being wound up, the liability in respect of the
guarantee is limited to £1 per member of the charity. The address of Ihe registered
office is given in the charity information on page 2 of these financial statements. The
nature of the charity's operations and principal activities are set out on page 6.
The charity constitutes a public benefrt entity as defined by FRS 102. The financial
statements have been prepared in accordance with Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Slandard applicable in the UK
and Republic of Ireland issued in October 2019, the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act
2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical
cost convention, modified to include certain items at fair value. The financial
statements are presented in sterling which is the functional currency of the charity.
The significant accounting policies applied in the preparation of these financial
statements are set out below. These policies have been consistently applied to all
years presented unless otherwise stated.
Golng 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 12 months from the
date of authorisation of the financial statements and have conclLJded that the charity
has adequate resources to continue in operational existence for the foreseeable
future, and there a￿ no material uncertainties about the charity's abilrty to continue
as a going COn￿rn, this they continue to adopt the going concern bases of accounting
in preparing the financial statements.
Fund Accounting
General Funds are unrestricted funds 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.
24

EMMAUS SOUTH LAMBETH COMMUNITY
PRINCIPAL ACCOUNTING POLICIES
FOR THE YEAR ENDED 30TH JUNE 2024- Continued
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 cost 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. Any capital gains or losses arising on
the investments form part of the fund. Investment management charges and
legal advice relating to the fund are charged against the fund,
Income
All incoming resources are included in the Statement of Financial Activities (SOFA)
when the charity is legally entitled to the income after any performance conditions
have been met, the amount can be measured reliably and it is probable that the
income will be received.
For donations to be recognised the charity will have been notified of the amounts and
the settlement date in writing. If the￿ are conditions attached to the donation and this
requires a level of performance before entitlement can be obtained then income 13
deferred until those conditions are fully met or the fulfilment of those conditions is
within the control of the charity and it is probable that they will be fulfilled.
Donated facilities and donated professional services are recognised in income at their
fair value when their economic benefit is probable, it can be measured reliably and
the charity has control overthe item. Fair value is determined on the basis of the value
of the gift to the charity. For example, the amount the charity would be willing to pay
in the open market for such faciltties and services. A corresponding amount is
recognised in expenditure.
No amount is included in the financial statements for volunteer time in line with the
SORP. Further detail is given in the Trustees, Annual Report.
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.
Fixed asset gifts in kind are recognised when receivable and are included at fair value.
They are not deferred over the lrfe of the asset.
For legacies, entitlement is the earlier of the charity being notified of an impending
distribution or the legacy being received. At this point income is recognised. On
occasion legacies will be notified to the charity however it is not possible to measure
the amount expected to be distribLrted. On these occasions, the legacy is Ireated as
contingent asset and disclosed.
25

EMMAUS SOUTH LAMBETH COMMUNITY
PRINCIPAL ACCOUNTING POLICIES
FOR THE YEAR ENDED 30THJuNE 2024 - Continued
Income from trading activities includes income eamed from fundraising events and
trading activities to raise funds for the charity. Income is received in exchange for
supplying goods and services in order to raise funds and is recognised when
entitlement has occurred.
Income from government and other grants are recognised at fair value when the
charity has entitlement after any performance conditions have been met, it is probable
that the income will be received and the amount can be measured reliably. If
entitlement is not met then these amounts are deferred.
Accommodation receipts are recognised for the period in which they are receivable.
Expenditure
All expenditure is accounted for on an accruals basis and has been classified under
headings that aggregate all costs related lo the category. Expenditure is recognised
where there is a legal or constructive obligation to make payments to third parties, it
is probable that the settlement will be required and the amount of the obligation can
be measured reliably.
Irrecoversble VAT is charged as an expense against the activity for which expenditure
arose.
Grants payable to third parties are within the charitable objectives. Where
unconditional grants are offered, this is accrued as soon as the recipient is notified of
the grant, as this gives rise to a reasonable expectation that the recipient will receive
the grants. Where grants are conditional relating to performance then the grant is only
accrued when any unfulfilled conditions are outside of the control of the charity.
Governance Costs
Governance costs are those associated with compliance with constitutional and
statutory requirements and are allocated, along with other support costs, to charilable
expenditure.
Tangible flxed assats
Tangible fixed assels are stated at cost (or deemed cost) or valuation less accumuli
depreciation and accumulated impairment losses. Cost includes costs dir(
attributable to making the asset capable of operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off
ost, less estimated residual value, of each asset on a systematic basis over its exp
useful life as follows:
26

EMMAUS SOUTH LAMBETH COMMUNITY
PRINCIPAL ACCOUNTING POLICIES
FOR THE YEAR ENDED 30TH JUNE 2024- Continued
Freehold propèrty - 20/0 on cost
Long leasehold - 1- 20 % on cost and reducing balan
Fixtures and fittings - 20 % and 33 % on cost
Motor vehicles _ 25 % on cost
Office equipment- 330/0 on cost
Investments
Current asset investments are short term highly liquid investments and are held at
fair value. These include cash on deposit and cash equivalents with a malurity of
less than one year.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs lo
cornplete and sell. Cost includes all costs of purchase. costs of conversion and
other costs incurred in bringing stock lo its presenl location and
condition. Provision is made for damaged, obsolete and slow-moving slock where
appropriate. Stock does not included donated assets for sale as it is impractical to
measure reliably the fair value of these donated assets.
Debtors
Debtors are recognised at the settlement amount. Prepayments are valued at the
amount prepaid.
Tax
The charity is an exempt charity within the meaning of schedule 3 of the Charities
Act 2011 and is considered to pass the lests set out in Paragraph 1 Schedule 6
Finan￿ Act 2010 and therefore it meets the defi'nition of a charitable company for
UK corporation tax purposes.
Liabilitles and provlsions
Liabilities are recognised when there is an obligation al 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 reliability
estimaled.
Liabilities are recognised at the amount that the charity anticipates it will pay to
settle the debl or the amount it has received as advanced payments for the goods
or services it must provide.
Provisions are measured at the best estimated of the amounts required to settle
the obligations. 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
discounl rate that reflect the risks specific to the liability. The unwinding of the
discount is recognised in the Statement of financial activities as a finance cost.
27

EMMAUS SOUTH LAMBETH COMMUNITY
PRINCIPAL ACCOUNTING POLICIES
FOR THE YEAR ENDED 30TH JUNE 2024- Continued
Financial instruments
The charity only has fi'nancial assets liabilities of a kind that qualrfy as basic
financial instruments. Basic financial instruments are initially recognised at
transaction value and subsequently measured out their settlement value with
the exception of bank loans which are subsequently measured at arnortised
cost using the effective interest method.
Operating leases
Rentals paid under operating leases or charged to the Statement of financial
activities on a straight line basis over the lease term.
Pensions
Charity operates A defined contribution pension scheme and the pension
charge represents the amounts payable by the charity to the fund in respect
of the year.
critical accountlng 8Stlmates and areas of Judgement
Estimates and judgments are Gontinually 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:
Charity makes estimates and assumptions conceming the future. The
resulting accounting estimates and assumptions will, by definition, seldom
equal the related actual results. The estimales and assumptions that have a
signrficant 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:
Charity has recognised tangible fixed assets with the carrying value of
£2,593,596 (see note 11 >. These assets are slated 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 ne￿SSary to reflect current estimates, based on
technological advancements, future investments, economic utilisation and the
physical condition of the assets.
28

EMMAUS SOUTH LAMBETH COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE
YEAR ENDED 30TH JUNE 2024
3010612024
3010612023
VOLUNTARY INCOME
Donations and Gift Aid claims
77,313
108,327
INCOMING RESOURCES
FROM CHARITABLE
ACTIVITIES
Trading income
Accommodation receipts
1,253,735
525,934
1,779,669
1,314,761
488.794
1,803,555
INVESTMENT INCOME
Interest receivable
15,307
7,311
GOVERNMENT GRANTS
Job Retention Scheme
Analysis of resources expended
Direct charitable costs
Staff costs
Premises Gosts
Companions costs
Depreciation (see note below)
Goods purchased for resale
Other charitable expenditure including reallocations
1,057,909 1,032,198
314,016
325,529
228,065
196,103
130,564
130,761
98,805
132,858
150,263
178,870
1,979,622 1,996,319
29

EMMAUS SOUTH LAMBETH COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE
YEAR ENDED 30TH JUNE 2024- continued
GOVERNANCE COSTS
3010612024
3010612023
Accountancy fees
Professional fees
Auditorfs remuneration
9,010
28,221
6,500
43,731
17,139
27,211
6,500
50,850
NET INCOMINGI(OUTGOING) RESOURCES
Net resources are stated after
chargingl(crediting):
Auditors. remuneration
Depreciation - owned assets
(Gain) Loss on disposal of fixed assets
6,500
130,564
8,500
130,761
8,296
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 30
June 2024 nor for the year ended 30 June 2023.
Trustees, Expenses
There were no expenses reimbursed to the trustees during the year
(2023 £nil),
10. STAFF COSTS
Wages and salaries
Social security costs
982,365
75,544
1,057 909
971,724
60,474
1032 198
The number of employees during the year was as follows:
45
49
No employee received remuneration amounting to more than £60,000 in erther
year.
30

EMMAUS SOUTH LAMBETH COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE
YEAR ENDED 30TH JUNE 2024- continued
Fixtures,
fittings
Freehold
Long
and office
property leasehold equipment
Motor
vehicles
Total
11. TANGIBLE FIXED
ASSETS
COST
At 1 July 2023
Additions
Disposals
At 30 June 2024
2,919,221
200,000
471,195
21,510
63,383 3,653,799
33,049
54.559
20,745
20,745
75.687 3,687,613
2,919,221
200,000
492 705
DEPRECIATION
At 1 July 2023
Charge for year
Disposals
At 30 June 2024
608,330
55,718
43.688
2,000
286,580
59,283
43,102
981.700
13,563
130,564
18,247
18,247
38,418 1,094,017
664,048
45.688
345.863
NET BOOK
VALUE
At 30 June 2024
2,255,173
154,312
146,842
37,269 2,593,596
At 30 June 2023
2,310,891
156,312
184,615
20,281 2,672,099
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
3010612024 3010612023
Other debtors
69,042
96,725
31

EMMAUS SOUTH LAMBETH COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE
YEAR ENDED 30TH JUNE 2024- continued
3010612024
3010612023
13. CREDITORS: AMOUNTS
FALLING DUE WITHIN ONE
YEAR
Trade creditors
Taxation and social security
Other creditors
29,131
17.223
61,333
23,919
100,396
107,687
124 315
14. ANALYSIS OF NET ASSETS
BETWEEN FUNDS
Unrestricted
funds
Restricted
funds
Total funds
2024
Total funds
2023
Fixed assets
Current assets
Current
liabilities
2,593,596
763.851
2,593,596
772,551
2,672,099
851,505
8,700
107,687
107,687
114,080
3,249,760
8,700
3,258,460
3,409,524
The designated Fixed Asset Fund represents fixed assets for the continuing use within
the Charity. These assets were, in part, purchased using donations restricted for such
use. As each restriction is discharged the Trustees have designated them as an
unrestricted fixed asset fund to emphasise that they are not funds available for spending.
PRIOR YEAR
Unrestricted
funds
Restricted
funds
Total funds Total funds
2023
2022
Fixed assets
Current assets
Current liabilities
2.672.099
839,955
114,080
2,672.099
851,505
114,080
2,755.465
851,023
68,988
11,550
3,397,974
11,550
3,409,524
3,537,500
32

EMMAUS SOUTH LAMBETH COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE
YEAR ENDED 30TH JUNE 2024- continued
15. CAPITAL COMMITMENTS
There were no capital commitments contracted prior to 30th June 2024.
16.
RELATED PARTIES
Emmaus South Lambelh Community is a member of the Emmaus UK Federation,
Emmaus Europe and Emmaus International.11 pays an annual subscription to all three
of these organisations which is variable according to its turnover. In the year ended 30°
June 2024 £23,771 (2023.. £23,737) was paid to the Emmaus UK Federation, Emmaus
Europe and Emmaus International.
17. CASH GENERATED FROM OPERATIONS
3010612024
3010612023
SurpluslDeficit for the year
Adjustmants for:
Depreciation
Interest
Gain on Disposal
(151.064)
(127,976)
130,564
(15,307)
(10,502)
130,761
(7,311)
(8,296)
Movement In worklng capltal:
lncrease1dec￿ase in stock
Increaseldecrease in debtors
Increaseldecrease in creditors
828
27,683
(16,628)
4,746
82,404
40,844
34,426
115,172
18. ANALYSIS OF CHANGES IN NET FUNDS
Balance at 1
July 2023
Cashflows
Balance at 30
June 2024
Cash at bank and in
hand
759,640
(60,678)
698,962
759,640
60,678
698,962
33

EMMAUS SOUTH LAMBETH COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE
YEAR ENDED 30TH JUNE 2024- continued
19. ANALYSIS OF FUNDS
Balance at
1 July
2023
Net
movement in
funds
Transfer
between
funds
Total funds
30 June
2024
Unrestricted Fund
General Fund
Designated Fund
Restricted Fund
Albert Hunt Trust
Alan Morton
Croydon Relief in Need
725,875
2,672,099
(69,711)
(78,503)
656,164
2,593,596
3,500
5,200
(11,550)
3.500
5,200
11,550
3 409 524
151,064
3 258.460
PRIOR YEAR
Balance at
1 July
2022
Net
movement in
funds
Transfer
between
funds
Total funds
30 June
2023
Unrestricted Fund
General Fund
Designated Fund
Restricted Fund
Croydon Relief in Need
Albert Hunt Trust
775,035
2,755,465
(49,160)
(83,366)
725,875
2,672,099
11,550
(7,000)
11,550
7,000
3,537,500
127,976
3.409.524
RESTRICTED FUNDS
During the year under review the charitable company received a donation of £5.200
from Alan Morton to fund a support worker from June 2024- May 2025 and a
donation of £7,000 from Albert Hunt Trust to fund a support worker from December
2023 - November 2024.
UNRESTRICTED FUNDS
The designated fund represents fixed assets for the continuing use within the Charity.
These assets were, in part, purchased using donations restricted for such use. As
each restriction is discharged the Trustees have designated them as an unrestricted
fixed asset fund to emphasise that they are not funds available for spending.
34

EMMAUS SOUTH LAMBETH COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE
YEAR ENDED 30TH JUNE 2024- continued
20. OPERATING LEASE COMMITMENTS
Lessee
At the reporting date the company had outstanding commitments forfuture minimum lease
payments under non-cancellable operating leases, which fall due as follows:
3010612024
3010612023
Within one year
Between two and five years
148,156
245,803
113,252
151,562
393,959
264,814
35