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← Emmaus Transformation Trust

2025-03-31-accounts

EMMAUS TRANSFORMATION TRUST

(A COMPANY LIMITED BY GUARANTEE)

TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

CHARITY REGISTRATION No: 1069902

COMPANY REGISTRATION No: 03549934

EMMAUS TRANSFORMATION TRUST (A COMPANY LIMITED BY GUARANTEE)

CONTENTS

Page 1 Reference and administrative details of the charity, its trustees and advisors
Pages 2 to 6 Trustees' report
Pages 7 to 9 Independent auditor's report
Page 10 Statement of financial activities
Page 11 Balance sheet
Page 12 Cash flow statement
Pages 13 to 22 Notes to the financial statements

EMMAUS TRANSFORMATION TRUST (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 MARCH 2025

REFERENCE AND ADMINISTRATIVE

INFORMATION

CHARITY NAME Emmaus Transformation Trust

WORKING NAMES The Lighthouse CHARITY NUMBER 1069902 COMPANY REGISTRATION NUMBER 3549934 TRUSTEES Mr Peter Keynes Chair, Company Secretary Mr Ian Nicholson (resigned 26 Nov 2024) Mrs Emma Harewood Mr Richard Grove Mrs Paz Redondo (resigned 8 August 25) Mr Colin Wheeler (joined 8 August 2025) Ms Emily Heenan (joined 8 August 2025)

COMPANY SECRETARY Mr Peter Keynes REGISTERED ADDRESS The Lighthouse 8-10 High Street Woking Surrey GU21 6BG

DATE OF INCORPORATION 21st April 1998

GOVERNING DOCUMENT Memorandum and Articles of Association

BANKERS HSBC Bank Plc 6 Commercial Road Woking Surrey GU21 6EZ

AUDITOR

Xeinadin Audit Limited 5 Robin Hood Lane Sutton SM1 2SW

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EMMAUS TRANSFORMATION TRUST (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE DIRECTORS (cont.)

FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their report and financial statements for the year ended 31 March 2025.

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 Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Objectives and activities

Emmaus Transformation Trust Limited objects are, for the public benefit and in accordance with Christian principles, to:

(a) promote social inclusion by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society.

(b) advance such other charitable purposes as the trustees see fit from time to time.

Socially excluded means being excluded from society, or parts of society, as a result of one of more of the following factors: unemployment; financial hardship; youth or old age; ill health (physical or mental); substance abuse or dependency including alcohol and drugs; discrimination on the grounds of sex, race, disability, ethnic origin, religion, belief, creed, sexual orientation or gender re-assignment; poor educational or skills attainment; relationship and family breakdown; poor housing (that is housing that does not meet basic habitable standards); crime (either as a victim of crime or as an offender rehabilitating into society).

The activities undertaken during the year in pursuit of these objects are detailed in the following section.

Achievements and Performance Summary

Emmaus Transformation Trust primarily operates through its collection of vibrant community hubs, known as The Lighthouse, serving as a beacon of hope and a place of belonging in our community. Over the past year, thousands of people have come through our doors across Woking, Barnsbury, Guildford and Aldershot, receiving practical support, kindness, compassion, and friendship. From community lunch and clothing provision to creative programmes, recovery support and children’s activities, The Lighthouse continues to walk alongside individuals and families during some of their most challenging moments. Between April 2024 and March 2025, we recorded over 14,000 visits to The Lighthouse Woking alone, with many more engaging through our other centre in Barnsbury and our pop-up activities in Guildford and Aldershot. Our work was only possible thanks to the generosity of volunteers, schools, churches, and local businesses who gave their time, skills, donations and resources.

A few examples of the support provided this year across the 40+ projects:

Essential Resources

2

EMMAUS TRANSFORMATION TRUST (A COMPANY LIMITED BY GUARANTEE)

Mental Health and Wellbeing Projects

Seasonal Projects

Partnerships and Volunteers

The Lighthouse thrives through collaboration with local partners, schools and businesses. Donations from Fullbrook School, Colgate, Asahi, Gallagher and other community groups kept projects well supplied. Hundreds of volunteers offered time, creativity and compassion – from cooking meals and cutting hair, to teaching, fundraising, and packing hygiene kits. Their contribution has been invaluable in extending our reach and deepening impact.

New Lighthouses

In this year, we acquired the lease on premises in Tices Meadow, Aldershot, renovating and decorating it with volunteers, and opening with a soft launch at Christmas 2024.

In February 2024 we also acquired a High Street premises in Guildford, with volunteer-powered renovations and decorating happening through the Spring, aiming to launch in early Summer.

These new spaces enable the reach to extend and more consistent support to be provided in towns where the charity has already been active through pop-ups and remote support for a number of years.

Looking Ahead

As we look forward, our priority remains to walk alongside those most in need – offering hope, dignity, and practical support. With growing demand for our services, we aim to strengthen our volunteer base, expand food and clothing provision, and continue depending creative and wellbeing projects that build resilience in our community.

3

EMMAUS TRANSFORMATION TRUST (A COMPANY LIMITED BY GUARANTEE)

The Lighthouse remains a beacon of hope in Woking, Barnsbury and in our new centres in Guildford and Aldershot. Through food, friendship, creativity, and compassion, we are building a stronger, kinder community through our values of kindness, compassion and hope.

Financial Review

The Charity has continued to expand its activities and also support the work at Emmaus Road Church, achieving a net income of £96,746 in this financial year. The charity receives the majority of its income from donations. These are received from both individuals and other charities or organisations in the form of cash donations, and also donations of food, clothing for both children and adults, and baby items.

Cash generated from operating activities during the year amounted to £58,883 (2024: £135,797). After taking account of cash used in investing activities of £11,391 (2024: £28,909), this resulted in a net increase in cash and cash equivalents for the year of £47,492 (2024: 106,888).

The charity had total reserves of £781,295 (2024:£684,549) at the year end. Of these, £450,394 (2024: £365,632) are held as restricted funds, £52,768 (2024: £91,752) are designated and £36,978 (2024: £34,302) are held as fixed assets. The remaining general reserves are £241,155 (2024: £192,863). The general reserves are in excess of the reserves policy and a deficit budget was set for 2025/26.

Reserves Policy

The Trustees have considered the level of reserves that they wish to retain, appropriate to the charity’s needs. This is based on the size of the charity and the level of financial commitments held. The Trustees aim to ensure that the charity will be able to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees endeavour not to set aside funds unnecessarily. In terms of the ETT reserves policy, this is 3 months of staff salaries and essential building operating costs.

Risk Management

The Trustees actively review the major risks which the charity faces on a regular basis. The main risk identified and the plans to manage them are:

Financial – reserves policy not met – the COO monitors the reserve position on a monthly basis and raises concerns and actions with the Chair of trustees as needed

Financial – income reduces due to cost of living pressures – COO monitors donations monthly. External fundraisers engaged to assist with income generation

Strategic – The Lighthouse building in Woking is located on a site which the Council have now approved for redevelopment. We are in contact with the developers and the Council, and with both we have identified a temporary Council owned location for the Lighthouse building whilst a new Lighthouse is built as part of the re-development of the existing site. There is still a risk this does not happen, so we continue to keep in close communication with the developers and the Council.

Reputational - With the Charity being a subsidiary of Emmaus Rd Community Church, should anything negative happen with Emmaus Rd Community Church, this could impact the functioning of the Charity,

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EMMAUS TRANSFORMATION TRUST (A COMPANY LIMITED BY GUARANTEE)

particularly if Emmaus Rd Community Church can no longer afford to pay for the leadership, finance, HR and operational support provided to the Charity by Emmaus Rd Community Church. COO is keeping a close relationship between the two, with the Charity Trustees being informed by Emmaus Rd Community Church Chair early if any concerns with Emmaus Rd viability.

Fundraising

The Trustees wish to thank all those who have supported us financially or through donations of items during the year. Our donors are a mixture of individuals, organisations, trusts and churches and without their support we would not be able to do what we do.

Fundraising is overseen by the COO, being carried out by staff and volunteers. We did not receive any complaints regarding our fundraising activities. We are in the process of establishing our fundraising policy and procedures to ensure best practice in accordance with the Code of Fundraising Practice.

Structure, Governance and Management

Governing document

Emmaus Transformation Trust is a charitable company limited by guarantee and a registered charity. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association, adopted on 21[st] April 1998. Amended Articles were adopted in December 2021 and at that point the charity became a subsidiary of Emmaus Road Community Church.

Recruitment and appointment of new Trustees

The Trustees of the Charity are also Directors for the purposes of company law. With the Charity becoming a subsidiary of Emmaus Road Community Church, the ERCC Trustees can appoint up to 5 ‘Appointed’ Trustees. The ETT Trustees can appoint up to a further 4 ‘Co-opted’ Trustees. All new Trustees are provided with information to help them understand their role.

Organisational Structure

The Board of Trustees is responsible for the strategic direction of the Charity. They are assisted by a senior staff management team who lead and oversee the day-to-day running of the Charity.

Key management personnel

The remuneration of the Charity’s key management personnel is set with reference to external market rates where possible (as an example, Trussell Trust provide data relating to Foodbank related salaries). Where external market rates are not available, salaries are set with reference to roles which can be set by external rates. Trustees approve all salaries.

Public Benefit

The Charity acknowledges its requirement to demonstrate clearly that its objectives or aims must be for the public benefit. The Trustees have paid due regard to Charity Commission guidance on public benefit when deciding which activities to undertake. The information in this Trustee Report shows that the public have benefitted from the work of the Charity.

Plans for future periods

The key focus for the Charity going forward is to establish a permanent Lighthouse in Guildford where Emmaus Road Community Church have an established church congregation. We have secured a Lighthouse building in Aldershot and are honoured to serve a new community.

5

EMMAUS TRANSFORMATION TRUST (A COMPANY LIMITED BY GUARANTEE) applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi￿). The Charities Act and the Companies Act require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board Is required to: select suitable accounting policies and apply them consistently; observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent; State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and 8xplained in the financial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue its operations. The trustees are responsible for maintaining adequate accounting records which dlsclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Disclosure of information to auditors To the knowledge and belief of the trustees, there is no relevant information that the charity's auditors are not aware of. The trustees have taken all steps necessary to ensure it is aware of any relevant information, and to establish that the charity's auditors are aware of any such information. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. This Re as approved by th8 Trustees on 19 December 25 and signed on their behalf by.. Peter Ke es Chair of Trustees

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF EMMAUS TRANSFORMATION TRUST

Opinion

We have audited the financial statements of Emmaus Transformation Trust (the ‘charity’) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

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 charitable company 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 12 months from when the financial statements are authorized 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, including the trustees’ 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, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

7

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF EMMAUS TRANSFORMATION TRUST (continued)

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included with the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees’ (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the Emmaus Transformation Trusts’ 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 company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an 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:

Based on our understanding of the charity, we identified that the principal risks of non-compliance with laws and regulations related to financial reporting legislation and safeguarding regulations and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and Charities Act 2011.

We assessed the susceptibility of the charity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of management, considering the internal controls in place and discussion amongst the engagement team.

We determined that the principal risks were related to presentation of separately disclosed items, management override of controls, recognition and valuation of donations in kind and identification of restricted income and expenditure transactions.

In response to the risks identified we designed procedures which included, but were not limited to: agreeing financial statement disclosures to underlying supporting documentation, evaluating the charity’ internal controls, reviewing donations in kind processes and verifying restricted transactions with documentation.

There are inherent limitations in the 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. 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 for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

8

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF EMMAUS TRANSFORMATION TRUST (continued)

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 and regulations made under that Act. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members as a body, for our audit work, for this report, or for the opinions we have formed.

Paul Newton FCA (Senior Statutory Auditor) for and on behalf of Xeinadin Audit Limited Statutory Auditor Chartered Accountants

5 Robin Hood Lane Sutton Surrey SM1 2SW

Dated: ….....................22 December 2025

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EMMAUS TRANSFORMATION TRUST (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

General) Designated) Restricted) 2025) General) Designated) Restricted) 2024) 2024)
Funds) Funds) Funds) Total) Funds) Funds) Funds) Total)
Note £) £) £) £) £) £) £) £)
Income from:
Donations and
legacies		 2 219,486 132,927 574,320 926,733 207,935 166,939 460,246 835,120
Other trading activities 2 1,320 - - 1,320 - - - -
Investments 2 4,016 1861 - 4,202 2,565 920 - 3,485
Charitable activities 2 52,134
 -
 52,134 38,079 - - 38,079)
Total income 2 276,956
 133,113 574,320 984,389 248,579 167,859 460,246 876,684
Expenditure on:
Fundraising Expenses 3 14,334 - 17,105 31,439 52,255 - - 52,255
Charitable activities 3 224,998 147,045 484,161 856,204 177,275 165,344 350,941 693,560
Total expenditure 3 239,332 147,045 501,266 887,643 229,530 165,344 350,941 745,815
Net income /
(expenditure)		 37,624 (13,932) 73,054 96,746 19,049 2,515 109,305 130,869
Transfer between funds 10 13,344
 (25,052) 11,708
 – (4,630) - 4,630
 –
Net movement in funds 50,968 (38,984) 84,762 96,746 14,419 2,515 113,935 130,869
Reconciliation of funds
Funds brought forward 227,165 91,752 365,632 684,549 212,746 89,237 251,697
 553,680
Funds carried forward 278,133 52,768 450,394 781,295 227,165 91,752 365,632 684,549

10

EMMAUS TRANSFORMATION TRUST (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Fixed Assets Tangible assets- 36,978 34,302 Current Assets Stock Debtors Cash at bank and in hand 125,774 31,848 614 078 771,700 95,724 20,317 566 586 682,627 Creditors.. amounts falling due within one year (27 383) {32 380) NET CURRENT ASSETS NET ASSETS 744 317 781295 650 247 684 549 Funds Unrestricted general fund Unrestricted designated fund Restricted funds 10 10 10 278,133 52,768 450 394 781295 227,165 91,752 365 632 684 549 The charitable company's financial statements have been prepared In accordance wÈth the provisions applicable to companies subject to the small companies regime. Approve the Directors od?December 2025 and signed on their behalf by.. Peter K Chair of Trustees Reg.company no.03549934

EMMAUS TRANSFORMATION TRUST (A COMPANY LIMITED BY GUARANTEE) CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
£ £
Cash generated from operating activities (a) 58,883 135,797
Cash used from investing activities
Interest income 4,202 3,485
Purchase of tangible fixed assets (15,593) (32,394)
Cash provided by (used in)
investing activities (11,391) (28,909)
Increase in cash and cash equivalents in the year 47,492 106,888
Cash and cash equivalents at the
start of the year 566,586 459,698
TOTAL cash and cash equivalents
at the end of the year 614,078 566,586
(a) Reconciliation of net movement in funds to net cash flow from operating activities
2025 2024
£ £
Net movement in funds 96,746 130,869
Add back depreciation charge 12,917 8,706
Deduct interest income (4,202) (3,485)
(Increase) in stocks (30,050) (31,408)
(Increase)/Decrease in debtors (11,531) 16,713
(Decrease)/Increase in creditors (4,997) 14,402
Net cash generated from operating activities 58,883 135,797

12

EMMAUS TRANSFORMATION TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. Accounting policies

a) Basis of preparation

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

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 Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Emmaus Transformation Trust meets the definition of a public benefit entity under FRS 102. It is a company limited by guarantee with registered office of The Lighthouse, 8-10 High Street, Woking, Surrey GU21 6BG. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

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 £1.

b) Preparation of accounts on a going concern basis

There are no material uncertainties affecting the going concern status of the charity.

c) Income

Income is included in the Statement of Financial Activities (SOFA) when:

d) Interest receivable

Interest on funds held on deposit is included when receipt is probable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

e) Grants and Donations

Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP).

f) Tax Reclaims on Donations and Gifts

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

g) Government Grants

The charity has received government grants in the reporting period.

h) Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by donors 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.

13

EMMAUS TRANSFORMATION TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

i) Expenditure

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

j) Taxation

The charity is exempt from tax on its charitable activities.

k) Legal status of the charity

The charity is a company limited by guarantee and has no share capital. 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.

l) Redundancy payments

The charity made no redundancy payments during the period.

m) Pensions

The 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.

n) Stock

Donations in kind of food are recognized at estimated fair value on receipt at £2.77 per kg (2024: £2.37 per kg) as recommended by the Trussell Trust. Donations of clothing are recognized at estimated fair value and other donations, such as baby equipment, are valued in house as reasonable for the condition and nature of the equipment.

o) Debtors

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

p) Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

q) 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. They are capitalised if they can be used for more than one year and cost over £1,500.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures and fittings 25% on straight line

Motor Vehicles 25% on 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 net income/(expenditure) for the year.

14

EMMAUS TRANSFORMATION TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

2. INCOME FROM:
Note
a) Donations and legacies
Gifts, Tithes & Donations
Donated from Organisations
Donated Food
Other Donated Items
Gift Aid Tax Recoverable
Legacies
Grants
2e)
b) Charitable activities
Cosy Café
c) Investments
Interest receivable
d) Other Trading Activities
Venue Hire		 Unrestricted
Funds
£


239,645
43,869
-
11,313
31,170
10,000
16,416		 Restricted
Funds
£
28.863
25,339
182,982
3,942
60
-
333,134		 TOTAL
2025
£


268,508
69,208
182,982
15,255
31,230
10,000
349,550		 TOTAL
2024
£
271,273
154,845
14,012
20,579
-
374,411
352,413 574,320 926,733 835,120
52,134 - 52,134 38,079
52,134 - 52,134 38,079
4,202 - 4,202 3,485
4,202 - 4,202 3,485
1,320
1,320		 -
-		 1,320
1,320		 -
-

15

EMMAUS TRANSFORMATION TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

2e) Analysis of receipt of grants

Accelerator Reform Fund
Barnabas Trust
Belron Ronnie Lubner
Benefactor Trust Ltd (Guildford)
Chapman Trust
Church Urban Community Fund Refugee
Community Foundation Surrey
Co-Op Local Community Fund
Emmaus Road Community Church
Gallagher Community Fund
Garfield Weston
Good News Evangelical Mission
Guildford Poyle (Guildford)
Hedley Foundation
Helen Robertson Trust
Hollick Family
Laing Family Trust
Morrisons Foundation
Munro Charitable Trust
National Lottery Community Fund
Neighbourly Foundation
Rushmoor Borough Council
SGN Safe and Warm Scheme
Shanley Foundation
Surrey County Council
The Joseph Rank Trust
The Souter Trust
The Trussell Trust
Wates Foundation
Westhill Endowment
Other small grants
3. EXPENDITURE
a) Raising Funds
Staff costs
Other costs		 2025
2024
£
£
5,965
-
-
1.500

4,248
-
2,000
-
-
25,000
-
4,358
34,000
20,168
-
2,493
62,629
1,000
-
37,007
-
30,000
4,000
-
2,500
-
5,000
-
1,000
-
10,000
-
5,000
-
9,414
-
1,000
50,000
-
-
81,652
1,833
20,570
-
8,840
-
2,500
-
28,917
10,000
10,000
3,000
3,000
62,967
-
10,000
-
5,000
-
-
49,234
349,550
374,411
Unrestricted Restricted TOTAL
TOTAL
Funds
£
Funds
£
2025
£
2024
£
10,642
3,692
17,105
-
27,747
3,692
4,665
47,590
14,334
17,105 31,439
52,255

16

EMMAUS TRANSFORMATION TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

3.EXPENDITURE(cont.)Urestricted
Funds
£
Restricted
Funds
£
TOTAL
2025
£
b) Charitable Activities
Advertising & Publicity
1,103
270
1,373

Bank Charges
1,572
-
1,572

Cleaning Costs
Cost of goods sold
3,136
15,837
1,187
-
4,323
15,837
Depreciation Expense
10,670
2,247
12,917
Equipment Costs
8,126
1,065
9,191
Foodbank and Food Provision Costs
64,923
230,980
295,903
Gifts & Donations
637
-
637
Health and Safety and DBS Checks
Hospitality and Events
Affiliations, Licences and Subscriptions
351
3,954
4,467
2,367
-
350
2,718
3,954
4,817
IT and Website
2,583 -
2,583
Insurance
2,738 1,368
4,106
Materials and Essential Supplies
1,689 4,111
5,800
Printing, Postage and Stationery and
Telephone
5,979 -
5,979
Projects, Events and Activities
63,601
41,510
105,111
Repairs & Maintenance
7,191
18,418
25,609
Staff and Volunteer Training and
Development
6,014
-
6,014
Staff Costs
137,910
134,978
272,888
Sundry Expenses
5,820
11,160
16,980
Supplies and Supply Packs incl Back to
School Costs
-
22,995
22,995
Travel & Subsistence
762
-
762
Utility Costs
18,064
11,155
29,219
367,127
484,161
851,288
(c) Governance costs
Auditors’ fee: audit
6,000
-
6,000
Auditors’ fee: accountancy
(1,084)
-
(1,084)
Legal and Professional Fees
-
- -
4,916
- 4,916
Total charitable expenditure (b) and (c)
372,043
484,161 856,204		 3.EXPENDITURE(cont.)Urestricted
Funds
£
Restricted
Funds
£
TOTAL
2025
£
b) Charitable Activities
Advertising & Publicity
1,103
270
1,373

Bank Charges
1,572
-
1,572

Cleaning Costs
Cost of goods sold
3,136
15,837
1,187
-
4,323
15,837
Depreciation Expense
10,670
2,247
12,917
Equipment Costs
8,126
1,065
9,191
Foodbank and Food Provision Costs
64,923
230,980
295,903
Gifts & Donations
637
-
637
Health and Safety and DBS Checks
Hospitality and Events
Affiliations, Licences and Subscriptions
351
3,954
4,467
2,367
-
350
2,718
3,954
4,817
IT and Website
2,583 -
2,583
Insurance
2,738 1,368
4,106
Materials and Essential Supplies
1,689 4,111
5,800
Printing, Postage and Stationery and
Telephone
5,979 -
5,979
Projects, Events and Activities
63,601
41,510
105,111
Repairs & Maintenance
7,191
18,418
25,609
Staff and Volunteer Training and
Development
6,014
-
6,014
Staff Costs
137,910
134,978
272,888
Sundry Expenses
5,820
11,160
16,980
Supplies and Supply Packs incl Back to
School Costs
-
22,995
22,995
Travel & Subsistence
762
-
762
Utility Costs
18,064
11,155
29,219
367,127
484,161
851,288
(c) Governance costs
Auditors’ fee: audit
6,000
-
6,000
Auditors’ fee: accountancy
(1,084)
-
(1,084)
Legal and Professional Fees
-
- -
4,916
- 4,916
Total charitable expenditure (b) and (c)
372,043
484,161 856,204		 TOTAL
2024
£
1,443
1,042
7,126
-
8,706
7,822
224,098
1,409
2,502
6,511
6,823
4,641
3,034
28,095
5,347
80,919
10,791
4,217
212,352
6,427
18,750
692
23,097
367,127
484,161
851,288		 665,844
6,000
-
6,000
(1,084)
-
(1,084)
-
- -		 5,700
316
21,700
4,916
- 4,916		 27,716
372,043
484,161 856,204		 693,560

17

EMMAUS TRANSFORMATION TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

4 TANGIBLE FIXED ASSETS

Motor Vehicles Furniture&
Equipment
£
£
Cost
At 1 April 2024
39,234 13,147
Additions
-
15,593
At 31 March 2025
39,234
28,740
Depreciation
At 1 April 2024
11,359
6,720
Charge for the year
8,099
4,818
At 31 March 2025
19,458
11,538
Net book value
At 31 March 2025
19,776
17,202
At 31 March 2024
27,875
6,427
5 STOCK


Stock – including donated food and other items
6 DEBTORS
Other debtors

7 CREDITORS
Trade creditors

Owed to parent company

Accruals

Other taxes and social security

Other creditors

 Motor Vehicles Furniture&
Equipment
£
£
Cost
At 1 April 2024
39,234 13,147
Additions
-
15,593
At 31 March 2025
39,234
28,740
Depreciation
At 1 April 2024
11,359
6,720
Charge for the year
8,099
4,818
At 31 March 2025
19,458
11,538
Net book value
At 31 March 2025
19,776
17,202
At 31 March 2024
27,875
6,427
5 STOCK


Stock – including donated food and other items
6 DEBTORS
Other debtors

7 CREDITORS
Trade creditors

Owed to parent company

Accruals

Other taxes and social security

Other creditors

 Total

£
52,381
15,593
67,974
18,079
12,917
30,996
36,978
34,302
2025
£
125,774
2025
£
31,848
2025
£
2,351
385
9,072
-
15,575
27,383		 2024
£
95,724
2024
£
20,317
2024
£
7,709
9,925
7,274
-
7,472
32,380















8 ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES AND THE COST OF KEY MANAGEMENT PERSONNEL

Gross Wages and Salaries
Social security costs
Pension costs		 2025
£
374,562
2024
£
291,414
23,128
17,896
5,476
5,004
403,166
314,314

18

EMMAUS TRANSFORMATION TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

8 STAFF COSTS (continued)

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

2025 2024
Activities in furtherance of organisation's objectives 20 15

In 2025, the charity engaged the services of one self employed person for project work carried out (2024: one self employed personnel).

No employees received emoluments in excess of £60,000 (2024: Nil)

The key management personnel of the charity comprise the Trustees and Senior Management Team. The total employee benefits (including employer national insurance and employer pension contributions) of the key management personnel of the charity were £103,651 and are included in the costs above for 2025 but were paid by the parent charity Emmaus Road Community Church (2024:£97,297).

The charity offers a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity, in an independently administered fund. The pension cost charge represents employer contributions payable by the charity to the fund, excluding key management personnel, and amounted to £3,126 (2024:£2,789).

In this financial period the charity has not paid any trustees remuneration or benefits nor incurred any trustee expenses.

9 RELATED PARTY TRANSACTIONS

In the year the charity has paid remuneration to related parties to key management personnel (KMP), for services supplied to the Trust as follows:

Name of related party
Related party to
Mrs A Buckland
Mr A Buckland
(Emmaus Rd CC KMP)		 Amounts paid or benefit value
Remuneration
Expenses
and
benefits
2025
Total
2024
Total
£
£
£
£

25,246
-
25,246
24,460
25,246
-
25,246
24,460

19

EMMAUS TRANSFORMATION TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

10 FUNDS
Balance
01-Apr-
24
£
Unrestricted funds
General Unrestricted Funds
227,165
Food Bank Designated Fund
61,361
Ukrainian Hub Designated Fund30,391
318,917
Restricted funds
Aldershot Lighthouse
Aldershot Back to school
Aldershot Core Costs
Aldershot Food Larder
Aldershot Free 16
Barnsbury Jigsaw
Barnsbury Sewing Stillness
DCMS Grant
Emmaus TT Core Cost
Emmaus TT Fundraising
Consultant
Emmaus TT Projects
Foodbank
Guildford Lighthouse
Guildford Core Costs
Jigsaw Woking
Jigsaw Hub No. 11
Jigsaw Storehouse Woking
Love Your Neighbour
Nurture
Outside Light
Social Transformation
Ukraine Project
Woking & Barnsbury Core Costs
Woking Core Costs
Woking Chat & Support and
CMA
Woking Community Lunch
Woking Style Studio
Woking Thrive
TOTAL FUNDS
11,700
-
-
-
-
1,500
435
-
30,000
-
2,596
90,851
125,107
-
30,000
17,647
10,000
3,254
3,144
1,929
22,952
-
4,141
-
376
-
-
365,632
684,549		 Balance
01-Apr-
24
£
227,165
61,361
30,391		 Balance
01-Apr-
24
£
227,165
61,361
30,391		 Income
£
276,956
111,965
21,148		 Expenditure
£
Transfers
£
Balance
31-Mar-
25
£
(239,332)
13,344
278,133
(116,224)
(25,052)
32,050
(30,821)-20,718		 Expenditure
£
Transfers
£
Balance
31-Mar-
25
£
(239,332)
13,344
278,133
(116,224)
(25,052)
32,050
(30,821)-20,718		 Expenditure
£
Transfers
£
Balance
31-Mar-
25
£
(239,332)
13,344
278,133
(116,224)
(25,052)
32,050
(30,821)-20,718
318,917 410,069 (386,377) (11,708) 330,901
11,700
-
-
-
-
1,500
435
-
30,000
-
2,596
90,851
125,107
-
30,000
17,647
10,000
3,254
3,144
1,929
22,952
-
4,141
-
376
-
-
365,632
684,549		 500
3,942
12,000
9,000
1,570
-
-
-
-
15,000
6,000
261,768
21,900
-
13,080
2,500
-
1,000
-
-
113,923
4,418
50,000
14,000
16,340
15,379
2,000
10,000
574,320
984,389
(9,931)
(706)
(6,605)
(1,716)
-
(1,500)
-
(564)
(30,000)
-
-
-
(248,220)
(7,778)
(6,529)
(33,003)
(5,185)
(10,000)
-
(2,633)
(207)
(59,809)
-
(49,925)
(17,021)
(4,252)
(2,903)
(479)
(2,300)
(501,266)
(887,643)







 (521)
-
(3,395)
(6,869)
-
-
-
564
-
-
-
23,300
(25,689)
25,000
-
-
-
-
-
-
-
-
-
1,752
(2,434)
-
11,708
-


















 1,748
3,236
2,000
415
1,570
-
435
-
-
15,000
8,596
127,699
113,540
18,471
10,077
14,962
-
4,254
511
1,722
77,066
4,418
4,216
6,979
13,840
10,418
1,521
7,700
450,394
781,295

Transfers between funds generally arise where restricted funds have been used to purchase fixed assets. The transfer between Guildford Lighthouse and Guildford Core Costs has arisen as the donor has changed the restriction during the year.

20

EMMAUS TRANSFORMATION TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

10 FUNDS (CONT.)

Some of the funds have been amalgamated in the current year’s note to provide greater clarity of purpose.

Purpose of funds

Restricted donations were received during the year to fund particular projects and the funds were titled accordingly.

Unrestricted funds
General Unrestricted Funds
Food Bank Designated Fund
Ukrainian Hub Designated Fund
Restricted funds
Aldershot
Back to school
Christmas Kindness
Ukraine Hub CFS Mascot
Lighthouse Core Wellbeing CFS
Ukraine Hub CUF
Community Lunch
Ukraine Hub Friends of
Chernobyl
Lighthouse Core DCMS Grant
Lighthouse Core Garfield
Weston Grant
Lighthouse Core – Souter
Charitable Trust
Lighthouse Core – Westhill
Endowment
Lighthouse Core -Winter
Poverty Fund
Lighthouse Core – Joseph Rank
Lighthouse core- National
Lottery Community Fund
Guildford Lighthouse
Grace Fund
Jigsaw
Jigsaw Hub No 11
Jigsaw - Cost of Living Fund
Jigsaw - Barnsbury
Jigsaw – Shanley Foundation
Nurture Fund
Outside Light
Restricted - ETT projects
Restricted – Foodbank
SCC CCF Sewing
SCC CCF Free 16
TOTAL FUNDS		 Balance
1-Apr-23
£
Income
£
Expenditure
£
Transfers
£
212,746
248,579
(229,530)
(4,630)
71,251
141,691 (151,581)
-
17,986
26,168
(13,763)		 Balance
31-Mar-24
£
227,165
61,361
30,391
301,983416,438 (394,874)
(4,630)		 318,917
2,000
2,580
-
10,000
12,291
50,705
(300)
(18,751)
(27,753)
-
3,880
-
8,338
-
(8,338)
-

1,760
-
(1,760)
-
-
4,358
(4,358)
-
376
-
-
-
6,920
-
(6,920)
-
-
-
(750)
750
-
30,000
-
-
-
3,000
-
-
2,632
2,850
(5,482)
-
-
10,000
-
-

-
10,000
-
-
-
25,000
(20,859)
-
100,198
25,000
(91)
-
3,935
136
(817)
-
10,160
16,839
- -
23,071
-
(8,424)
-
-
56,652
(56,652)
-
-
1,500
-
-
-
3,000
-
-
3,722
-
(578) -
2,205
-
(276)
-
2,597
-
-
-
81,203
198,015
(188,367)
-
-
550
(115)
-
-
350
(350)
-		 11,700
-
22,952
-
-
-
376
-
-
30,000
3,000
-
10,000
10,000
4,141
125,107
3,254
26,999
14,647
-
1,500
3,000
3,144
1,929
2,597
90,851
435
-
251,697
460,246
(350,941)
4,630		 365,632
553,680
876,684
(745,815)
-		 684,549

21

EMMAUS TRANSFORMATION TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

Purpose of funds

Restricted donations were received during the year to fund particular projects and the funds were titled accordingly.

11. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Tangible assets
Net current assets
Tangible assets
Net current assets		 Current year
Unrestricted
Fund
£
Unrestricted
Fund
(Foodbank /
Ukraine Hub)
£
Restricted
Fund
£
Total
2025
£
-
-
36,978
36,978
278,133
52,768413,416
724,317
278,133 52,768 450,394
781,295
Prior year
Unrestricted
Fund
£
Unrestricted
Fund
(Foodbank/
Ukraine Hub)
£
Restricted
Fund
£
Total
2024
£
-
- 34,302 34,302
227,165
91,752
331,330
650,247
227,165
91,752
365,632
684,549

12. OPERATING LEASE COMMITMENTS

At 31[st] March 2025 the total of the Charity’s future minimum lease payments under non-cancellable operating leases was: 2025 2024 £ £ Amounts payable: Within 1 year 4,986 - - Between 2 and 5 years 12,302 17,288 - Lease payments recognised as expense 1.767 -

13 PARENT CHARITY

Emmaus Transformation Trust is a subsidiary of Emmaus Road Community Church (ERCC) as ERCC has the power to appoint the majority of the trustees of ETT. ERCC is a registered charity based in England with charity number of 1152606 and company number 08576457. The object of ERCC is to glorify God by making a measurable difference amongst the poor and the lost throughout the Guildford, Aldershot & Woking. This is achieved through various activities which are detailed in the consolidated accounts, available from The Founders Studio, Millbrook,Guildford Surrey GU1 3UT

22