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← Emmaus Bristol

2025-06-30-accounts

Company number: 03579001 Charity number: 1071538

EMMAUS BRISTOL

TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

EMMAUS BRISTOL

CONTENTS

Pages
Reference and administrative details 1-2
Trustees’ annual report 3-13
Independent examiner’s report 14
Consolidated Statement of Financial Activities 15
Consolidated and Charity Balance sheet 16
Consolidated Statement of Cash Flows 17
Notes to the financial statements 18-29

EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

REFERENCE AND ADMINISTRATIVE DETAILS

Trustees A Carrington
G McAuliffe
L McCreery (Chair)
R Moore (Resigned 22 August 2024)
K Nwaorgu (Resigned 20 November 2025)
E Olphert (Appointed 8 December 2025)
M Quinn
J Skuce
D Spottiswoode
V Wheeler (Appointed 8 December 2025)
Chief Executive J Hodge
Registered Charity number 1071538
Company number 03579001
Registered Office Backfields House
Upper York Street
Bristol
BS2 8QJ
Independent examiner Jason Foxwell FCCA FCIE
12 Hillbourne Road
Poole
BH17 7JB
Bankers Triodos Bank NV
Deanery Road
Bristol
BS1 5AS

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

REFERENCE AND ADMINISTRATIVE DETAILS (continued)

Bankers (continued) Cooperative Bank plc PO Box 101 1 Balloon Street Manchester M60 4EP

Lloyds Bank Business Banking BX1 1LT

Solicitors

DAC Beachcroft LLP Portwall Place Portwall Lane Bristol BS99 7UD

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2025

The Trustees (who are also directors for the purposes of the Companies Act 2006, (‘the 2006 Act’).) present their annual report together with the financial statements of the charitable company for the year ended 30 June 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity’s governing document, the 2006 Act and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Objectives and activities

About Emmaus Bristol

Emmaus Bristol’s Purpose, Mission, Vision and Values are shared with the Emmaus UK federation.

Purpose : We exist to give hope and a sense of belonging to those who have experienced homelessness and poverty.

Mission : To empower people affected by homelessness and poverty to change their lives for the better whilst using our voice to achieve social change.

In Bristol we do this by providing a community of affordable and safe homes, meaningful work experience and training through our social enterprises, which in turn provide social and environmental value for our local community.

Vision : A sustainable world in which everyone has a home and a sense of belonging.

Values :

History of the Emmaus Movement

The Emmaus movement was founded in France just after the Second World War, to combat poverty and homelessness. enabling homeless people to earn enough to live by recycling and selling things that others had thrown away. The movement has grown worldwide and there are now over 400 groups in 40 different countries.

Emmaus Bristol is a member of the Emmaus movement through its memberships of Emmaus International, Emmaus Europe and Emmaus UK. The movement seeks to support each individual community through cooperation and association within the wider movement. In the UK, all Emmaus communities are separate charities working on a national strategic plan the expression of which is at a local level.

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2025 (Continued)

History of the Emmaus Movement (continued)

In the UK, communities operate as independent incorporated charities. Most communities combine residential accommodation with primary purpose social enterprises, based largely on the collection and sale of donated goods, as well as some refurbishment and repairs. Members of each community, known as companions, have the opportunity, regardless of ability or skills, to help themselves through meaningful work, and thereby rediscover their self-worth and take steps towards their own personal development and re-integration into society.

Charitable Aims and Objects

The principal objectives of the charity are:

Strategies for achieving objectives

Emmaus Bristol’s strategic objectives July 2022 to June 2027 are to:

The charity operates predominantly from a single office. The charity is governed by the Trustees (who meet at least four times a year) and managed by employees. The charity relies on volunteers; in addition to the Trustees (who are all volunteers) and the companions, we also have a pool of regular and occasional volunteers who help in many ways such as helping in our warehouse and shops and supporting companions. Emmaus Bristol had a staff team of 13 at year end, equivalent to 10 full time employees.

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2025 (Continued)

Activities for achieving objectives

Public Benefit

The Trustees are satisfied that they have complied with the duty in section 17 of the Charities Act 2011 (‘the 2011 Act’)to have due regard to the Charity Commission guidance on public benefit in providing home and work for those who are homeless and destitute under its objects, these being the alleviation of poverty, hardship and distress. The activities that demonstrate public benefit are to be found in this Trustees Report.

Activities and Performance

Community

At a time of high homelessness in Bristol and nationally, it is important that we increase the number of homes we provide as well as the range of homes.

We continue to look for innovative ways to expand our accommodation but have not so far managed to deliver on our five-year plan objective to build or acquire more new homes for people in housing need.

Average occupancy of companion, move-on and family homes remained high over the year at 95% (also 95% in 2024). Our housing rental income for the year was £266,464 (2024: £222,102).

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2025 (Continued)

Activities and Performance (continued)

Community (continued)

Six companions moved on into safe external or move-on accommodation (nine in 2024) and five gained paid employment externally (four in 2024). Move-on to employment remains very difficult. A companion moving out for a minimum wage job would be financially worse off than staying at Emmaus and would face considerably higher risks. The loss of a private rental tenancy is currently the single biggest cause of homelessness.

97% of companions and other residents successfully managed their licence agreement/ tenancy and/or moved on successfully with no-one leaving in chaotic circumstances or being asked to leave, compared to 98% in 2024.

We received 161 referrals over the year, from people wanting to live in the Emmaus Bristol community, of which 14 moved in (97 referrals in 2024 of which 14 moved in). Referral numbers remain very high. We don’t keep a waiting list and tend to only seek referrals when we have a vacancy: the high number of speculative referrals we received indicate the level of need and desperation: around 1,000 people slept rough in Bristol over the last year.

Emmaus Bristol switched from using the Homelessness Outcomes Star to the Home Star with companions to measure the progress they are making during their time at Emmaus Bristol. Home Star sessions provide a useful time to talk with companions and support them to self-assess their wellbeing and life skills progress. Categories are: Where I'm living; Caring for myself and my space; My money; Friends and relationships; My health; How I feel; How I spend my time; Alcohol and drugs; Safety and crime, and Trust and hope. While progress is not always linear, most companions make progress in most Home Star areas during their time at Emmaus Bristol.

Our work to become a trauma informed organisation continues. Progress is in line with our five-year plan and has included training for staff and companions and Trustees and the inclusion of trauma training in our staff induction. The support team has also used their awareness of trauma when designing forms and data capture.

Social Enterprises

The income from social enterprise trading for the year was £263,902 (2024: £290,775) This was our second year of decreasing sales, which combined with rising costs has meant that our social enterprise surplus has reduced substantially and negatively impacted charity reserves.

Our social enterprises are primary purpose, so as well as generating an income for the charity, they provide work experience, linked training, structure and an opportunity to help others, for people who have experienced homelessness. When surveyed after six months at Emmaus, 100% of companions valued the social enterprises for giving them something to do each day.

This year we continued to offer in-work support with all social enterprise staff having work coaching in their role descriptions, with the aim of helping companions (and other beneficiaries) settle into their roles, learn on the job, and thrive in their work. We were also successful in employing a grant-funded work coach for two years, to support companions in their social enterprise roles, and to work on work readiness, CVs and job searches.

We continued to provide community payback placements for people serving a non-custodial sentence, and to welcome interns with learning difficulties on an employment programme with Bristol City College. We continue to form partnerships where we can provide work experience and training opportunities for other unemployed people.

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2025 (Continued)

Affordable workspace

Emmaus Bristol continues to offer affordable office space to youth empowerment social enterprise Babbasa, which supports young people with training and employment opportunities.

We also provide a workspace to the charity Stand (formerly Legs for Africa) which collects and exports prosthetics, helping amputees to live more independent fulfilled lives.

Volunteers and donors

The work of Emmaus Bristol would not be possible without the generous amount of time given by, and donations received from, individuals, groups and companies.

We are particularly grateful to the regular volunteers who gave their time throughout the year and who bring a wealth of skills and experience to help Emmaus Bristol.

Financial Review

The main costs are employee costs, the operating costs of the premises and Companion costs including allowances. The results for the year are set out on page 15. The net income for the year amounted to a consolidated deficit of £131,609 (2024: deficit of £109,592). Of the deficit, over half of it is depreciation. Total funds at 30 June 2025 amounted to £1,613,267 (2024: £1,744,876).

Costs continue to be high and rising at a faster rate than our income. Stabilising our financial position and rebuilding reserves is the board’s top priority for the new financial year.

Reserves

At 30 June 2025 Emmaus Bristol’s reserves amounted to £1,613,267 (2024: £1,744,876).

Emmaus Bristol maintains and controls its reserves under three distinct separate categories, as follows:

Restricted funds
Designated funds
Unrestricted income funds		 2025
2024
£
£
423,669
376,159
1,193,903
1,272,829
(4,305)
95,888
1,613,267
1,744,876

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2025 (Continued)

Restricted funds comprise grants and donations specified for a particular purpose by their donors; almost threequarters of the total is attributable to a grant obtained from the European Regional Development Fund towards the purchase cost of our Backfields House premises.

Designated funds comprise donations that Emmaus Bristol (rather than the donors) has chosen to set aside for a particular purpose; they are entirely attributable to the acquisition of properties and other fixed assets.

Unrestricted income funds comprise all other income (including donations), less expenditure.

Emmaus Bristol aims to maintain unrestricted income funds equal to at least three months expenditure; although this aim is not being achieved currently, additional control procedures (including monthly reviews involving some Emmaus Bristol trustees together with a representative of Emmaus UK) are in place seeking a return at the earliest opportunity.

Leasehold commitments

In April 2008 we entered into a lease for 72 Bedminster Parade. The lease was renewed for a further three years (with an 18-month break clause) in October 2023.

We have peppercorn ten-year leases with Bristol City Council for four three-bed houses locally. We have a lease on a 2-bed house in St George for which we pay rent based on the Local Housing Allowance rate.

Principal funding

The charity’s main sources of income have been:

Rental income and donations income have risen whereas grants and trading income have fallen compared to the prior year. The increase in donations in 2025 is particularly encouraging as 2024 included a one-off gift in kind of £19,783.

Fundraising

During the financial year, Emmaus Bristol did not use third parties for any fundraising on its behalf.

The charity accepts donations from individuals, organisations and trusts and keeps in touch with donors with their express permission in compliance with the general data protection regulations (GDPR). The charity has voluntarily subscribed to be governed by the Fundraising Regulator. No complaints have been received by the charity in respect of its fundraising activity for the year. Emmaus Bristol protects vulnerable and other persons from undue pressure to donate, unreasonably persistent fundraising and unreasonable intrusion on their privacy by only contacting people we have their consent to, for example sending our newsletter with a donation request to those people who have requested to receive it, and limiting the use of collection tins to our own premises and events being held on our behalf.

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2025 (Continued)

Principal risks and uncertainties

Risk Mitigation and controls
Health and Safety Regular inspections of all premises and vehicles by a
dedicated staff member and relevant authority.
Regular maintenance of buildings and infrastructure.
Training provided to several staff and companions in
first aid and fire marshalling and to all workers in safe
lifting.
Annual health and safety audit of the re-use business
by the Reuse Network.
Each referral risk assessed, and risk assessment is
updated six weeks after someone moves in and then
following any serious incident. Certain behaviours
flagged in risk assessment necessitate CEO or Trustee
involvement in the referral decision.
Inability to recruit and retain key personnel, including
staff, CEO, Trustees.		 Recruitment and induction process, annual salary
review, salary benchmarking when we create a new
role, benefits package including pension and
employee assistance programme.
Review of staff structure and requirements as part of
business planning.
Skills audit review of Board as part of business
planning.
Reputational Key strategic decisions are approved at Board level.
Significant donors are approved at Board level.
Use of Emmaus branding is strictly controlled.
Review conducted following any incidents to
understand and share lessons learned.
Legal/Regulatory Strict adherence to GDPR policies.
Cash reserves held to cover three months’
expenditure in case of adverse change in income and
costs.
Any pipeline proposals to changes to regulatory
framework are reviewed at Board level.
Policies are provided by Emmaus UK and reviewed by
the Board before adopting.

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2025 (Continued)

Principal risks and uncertainties (continued)

----- Start of picture text -----
Risk Mitigation and controls
Financial Stability Quarterly management accounts review at Board
level.
Quarterly budget re-forecast.
Monthly meeting of the Board’s Finance Sub-
Committee., and full financial review at each Board
meeting.
Expenditure commitments are matched with
incoming funding.
Weekly circulation of sales data and bank balances to
key people.
Review of bank balances to determine the need to
increase protection of funds held.
Budgets for the forthcoming year are submitted and
approved at Board level.
Payments of £3,000 and above require Trustee
approval and two signatories are required for all bank
payments.
Expenditure of items over £3,000 and renewal of
contracts over £3,000 per annum requires obtaining
three quotes.
Diverse income streams.
Inflation Increasing our trading and rental prices where
possible, to offset rises in costs.
Energy saving works to Shaftesbury House to save on
energy.
Seeking quotes for contracts as they come up for
review, to get best value.
IT Daily backups of data to the cloud as well as twice
weekly server backups.
Ongoing investment in new hardware and software.
----- End of picture text -----

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2025 (Continued)

Plans for the Future

Our plans include working to:

Structure, Governance and Management

Structure of Emmaus Bristol

Emmaus Bristol is a company limited by guarantee. It was incorporated on 10 June 1998 and was registered as a charity on 15 September 1998 (Registered Charity No 1071538). It is part of a national federation of which Emmaus UK is the national legal body. Its governing instrument is its Memorandum of Association dated 30 April 1998.

Decisions of significant matters of both policy and finance are made by the Trustees. Papers are presented to the Board of Trustees by either a Trustee or senior Emmaus staff, and voted upon by the Trustees. Professional advice is sought where appropriate.

Trustees and Directors

The Trustees shown on page 1 have held office since 1 July 2024 to date, except as follows:

R Moore - resigned on 22 August 2024

K Nwaorgu - resigned on 20 November 2025

V Wheeler – appointed on 8 December 2025

E Olphert – appointed on 8 December 2025

Emmaus Bristol seeks to provide a sufficient balance of skills to run a charity of its nature. When the need for an additional skill arises, appropriate people are interviewed and their CVs considered. An invitation to come to Trustees meetings for a trial period would then be made in order to provide familiarisation with the ethos of the charity, and in due course a vote would be taken on Trustee appointment. Trustee appointments are subject to review.

Emmaus works on the principles Good Governance: a Code for the Voluntary and Community Sector. All Trustees are asked to familiarise themselves with the code. Trustees are offered governance training either locally or through Emmaus UK when these become available. All Trustees are encouraged to visit other communities and attend an Emmaus UK induction programme.

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2025 (Continued)

Structure, Governance and Management (continued)

Key Management Personnel Remuneration

The Trustees consider that the Board of Trustees and the Chief Executive comprise the key management personnel of the charity in charge of directing, controlling and operating the charity on a day-to-day basis. All Trustees give their time freely. The pay of all staff including the Chief Executive is reviewed annually by the Trustees, taking into account a number of factors such as the present cost of living index, the financial position of the charity and remuneration for equivalent roles within the charity sector in organisations of a similar size and income.

Subsidiaries

Emmaus Bristol owns 100% of the share capital of Emmaus Bristol (Enterprises) Limited. The principal activity of the company is to provide accommodation for the Companions of Emmaus Bristol but also includes provision of accommodation for other formerly homeless persons and former Companions. During the year the company made a surplus of £71,821 (2024: £91,494). The company made distributions to the charity of £90,000 (2024: £82,544) from accumulated undistributed profits.

Statement of Trustees’ Responsibilities

The Trustees (who are also directors for the purposes of company law) are responsible for preparing the Trustees’ Report and financial statements in accordance with applicable law and UK Accounting Standards.

Company law requires the directors to prepare financial statements for each financial year. Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the income and expenditure of the charitable company for that period.

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

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the 2006 Act. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2025 (Continued)

Statement of Trustees’ Responsibilities (continued)

The Emmaus Bristol Trustee Board averaged seven members during the year. Through active recruitment it is seeking suitable additional Trustees who have a wide range of skills and experience to bring to the charity.

Management liability including Trustee indemnity provision for up to £2m is included in the total insurance bill.

In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by Section 415A of the 2006 Act.

This report was approved by the Board of Trustees and signed on their behalf by:

Luke McCreery Chair of Trustees

David Spottiswoode Trustee

Date:

Date:

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF EMMAUS BRISTOL FOR THE YEAR ENDED 30 JUNE 2025

I report to the charity Trustees on my examination of the accounts of Emmaus Bristol (the “Charitable Company”).

Responsibilities and basis of report

As the Trustees of the Charitable Company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Charitable Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charitable Company’s accounts carried out under section 44(1)(c) of the 2005 Act and section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

Since the Charitable Company has gross income exceeding £250,000, your examiner must be a member of a body listed in Section 145 of the 2011 Act. I can confirm that I am qualified to undertake the examination because I am a registered member of ACCA and ACIE, both of them listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. Accounting records were not kept as required by section 386 of the 2006 Act; or

  2. The accounts do not accord with those records; or

  3. The accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Jason Foxwell FCCA FCIE

independent-examiner.net, 12 Hillbourne Road, Poole, BH17 7JB

Date:

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 30 JUNE 2025

Notes
Income from:
Donations and legacies
2
Charitable activities
3
Investments
Other income
Total income
Expenditure on:
6
Raising funds
Charitable activities
Total expenditure
Net income/(expenditure) and net
movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
Restricted
Funds
£
Total
Funds
2025
£
Total
Funds
2024
£
98,449
142,671
241,120
223,280
546,254
-
546,254
543,070
265
-
265
139
667
-
667
15,000
645,635
142,671
788,306
781,489
15,805
-
15,805
10,640
808,949
95,161
904,110
880,441
824,754
95,161
919,915
891,081
(179,119)
47,510
(131,609)
(109,592)
1,368,717
376,159
1,744,876
1,854,468
1,189,598
423,669
1,613,267
1,744,876

The Statement of Financial Activities includes all gains and losses recognised in the year.

All of the charity’s activities derive from continuing operations.

The notes on pages 18 to 29 form an integral part of these accounts.

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

CONSOLIDATED BALANCE SHEET AS AT 30 JUNE 2025

Notes
Fixed Assets
Tangible assets
10
Investments
11
Current Assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
NET ASSETS
The funds of the charity:
Restricted funds
15
Designated funds
Subsidiary trading funds
Unrestricted income funds		 Group
Charity
Group
Charity
2025
2025
2024
2024
£
£
£
£
1,529,252
1,529,252
1,608,057
1,608,057
-
1,000
-
1,000
1,529,252
1,530,252
1,608,057
1,609,057
85,024
73,024
30,509
25,376
142,894
87,430
147,840
99,027
227,918
160,454
178,349
124,403
(143,903)
(110,754)
(41,530)
(40,078)
84,015
49,700
136,819
84,325
1,613,267
1,579,952
1,744,876
1,693,382
423,669
423,669
376,159
376,159
1,193,903
1,193,903
1,272,829
1,272,829
33,315
-
51,494
-
(37,620)
(37,620)
44,394
44,394
1,613,267
1,579,952
1,744,876
1,693,382

The Trustees consider that the charitable company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the ’the 2006 Act’ and members have not required the company to obtain an audit for the year in accordance with section 476 of the Act.

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

These accounts are prepared in accordance with the special provisions of Part 15 of the ’the 2006 Act’ relating to small companies.

The accounts were approved by the Trustees, authorised for issue and signed on their behalf by:

Luke McCreery Chair of Trustees

David Spottiswoode Trustee/Treasurer

Date:

Date:

The notes on pages 18 to 29 form an integral part of these accounts.

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2025

Notes
Net cash inflow/(outflow) from operating activities
14
Investing activities
Payments for tangible fixed assets
Proceeds from sale of fixed assets
Investment income
Net cash inflow/(outflow) for the year		 2025
2024
£
£
(5,211)
(42,840)
-
(37,120)
-
400
265
139
265
(36,581)
(4,946)
(79,421)

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025

1. ACCOUNTING POLICIES

1.1. Basis of preparation of the accounts

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 2015) - (Charities SORP (FRS 102)), and the ’the 2006 Act’.

Emmaus Bristol meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

1.2. Basis of consolidation

The Consolidated Statement of Financial Activities (SOFA), Consolidated Balance Sheet and Consolidated Cash Flow Statement consolidate the financial statements of the Charity and its subsidiary, Emmaus Bristol (Enterprises) Limited. The results of the subsidiary are consolidated on a line by line basis.

1.3. Going Concern

The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

1.4. Charitable funds

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

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of the one designated fund is set out in the notes to the financial statements.

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

1.5. Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 (continued)

1. ACCOUNTING POLICIES (continued)

1.5 Expenditure

All expenditure is recognised once there is a legal or constructive obligation to incur that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are those associated with the governance of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity's activities. These costs have been allocated in full to charitable activities.

1.6 Tangible fixed assets

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

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Freehold property 50 years
Leasehold property Lower of length of lease and 50 years
Computer equipment 3 years
Fixtures and fittings 3 years
Motor vehicles 3 years
Holiday pods 30 years

Items of equipment are capitalised where the purchase price exceeds £1,000.

1.7 Creditors

Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.

1.8 Pension costs

The company operates a defined benefit contribution pension scheme for its employees.

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 (continued)

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Group and charity Unrestricted Restricted Total Total
funds funds funds funds
2025 2025 2025 2024
£ £ £ £
Individual donations 56,843 150 56,993 53,487
Corporate donations 33,844 16,550 50,394 14,193
Donation from Emmaus Bristol
(Enterprises) Limited 90,000 - 90,000 82,544
Grants
Albert Hunt - 10,000 10,000 7,000
Screwfix Foundation - - - 4,135
National Lottery 19,929 19,929 75,000
Co Op Safer Fund - - - 10,000
EUK Companion Training Fund - 9,371 9,371 10,170
EUK Build Your Companion - 51,069 51,069 -
John James Foundation - 30,000 30,000 15,000
Quartet Tap for Bristol - 5,000 5,000 5,000
Quartet Wessex Water - - - 2,000
St Martin in the Fields Foundation
-		 602 602 -
Gift aid 7,762 - 7,762 7,512
Gifts in kind - - - 19,783
───── ───── ───── ─────
Charity sub-total 188,449 142,671 331,120 305,824
Inter-company eliminations (90,000) - (90,000) (82,544)
───── ───── ───── ─────
Group donations and legacies £98,449 £142,671 £241,120 £223,280
═════ ═════ ═════ ═════

The gift in kind in 2024 relates to a vehicle donated to the charity by Emmaus Bradford.

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 (continued)

3. INCOME FROM CHARITABLE ACTIVITIES

Group & Charity Unrestricted Restricted Total Total
funds funds funds funds
2025 2025 2025 2024
£ £ £ £
Social enterprise income 263,902 - 263,902 290,775
Rent receivable 208,916 - 208,916 159,435
───── ───── ───── ─────
Charity sub-total 472,818 - 472,818 450,210
Rental income 11,453 - 11,453 13,168
Housing benefit 169,108 - 169,108 142,192
───── ───── ───── ─────
Subsidiary sub-total 180,561 - 180,561 155,360
Inter-company eliminations (107,125) - (107,125) (62,500)
───── ───── ───── ─────
Group charitable activities income £546,254 £- £546,254 £543,070
═════ ═════ ═════ ═════

4. GOVERNMENT GRANTS

The charitable company has received government grants, defined as funding from National Lottery Community Fund. The total value of such grants in the year to 30 June 2025 was £19,929 (2024:£75,000). There are no unfulfilled conditions or contingencies attached to these grants.

5. NET INCOME/EXPENDITURE

This is stated after charging:

Group & Charity Group Charity Group Charity
2025 2025 2024 2024
£ £ £ £
Depreciation of tangible fixed assets 78,805 78,805 84,185 84,185
Operating lease payments 32,134 32,134 28,663 28,663
Gain on disposal of fixed assets - - (400) (400)
Independent examiner’s remuneration
Accounts preparation and tax work* 5,532 4,080 3,552 2,100
Independent examination* Inc above* Inc above* 1,980 1,980
═════ ═════ ═════ ═════

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 (continued)

6. EXPENDITURE

EXPENDITURE
Direct Support Total Total
costs costs costs costs
2025 2025 2025 2024
£ £ £ £
Raising funds 15,404 401 15,805 10,640
Charitable activities
Community 334,229 284,594 618,823 526,331
Social enterprises 196,970 86,702 283,672 352,744
───── ───── ───── ─────
Charity sub-total 546,603 371,697 918,300 889,715
Direct costs – subsidiary
Rent 107,125 - 107,125 62,500
Administrative costs 1,615 - 1,615 1,366
───── ───── ───── ─────
Subsidiary sub-total 108,740 - 108,740 63,866
Inter-company eliminations (107,125) - (107,125) (62,500)
───── ───── ───── ─────
Group expenditure £548,218 £371,697 £919,915 £891,081
═════ ═════ ═════ ═════

7. TRUSTEES

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

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 (continued)

8. SUPPORT COSTS
Group & Charity Raising Charitable Total Total
funds activities funds funds
2025 2025 2025 2024
£ £ £ £
Staff costs (moved from support costs)
-		 182,793 182,793 152,094
Other staff costs - 4,768 4,768 1,966
Companion allowances - - - 185
Sundry expenses - 260 260 627
Bank charges - 2,657 2,657 2,575
Licences and subscriptions - 12,071 12,071 9,100
Equipment and supplies - 14,923 14,923 582
Premises expenses - 14,967 14,967 2,127
Printing, postage and stationery 401 4,358 4,759 5,042
Travel and subsistence - 124 124 310
Publicity - 11,850 11,850 6,762
Professional fees - 40,841 40,841 21,880
Depreciation - 78,805 78,805 84,185
Gain on disposal of fixed assets - - - (400)
Governance - 2,879 2,879 4,080
───── ───── ───── ─────
£401 £371,296 £371,697 £291,115
═════ ═════ ═════ ═════
9. STAFF COSTS AND NUMBERS
The aggregate payroll costs were:
Group Charity Group Charity
2025 2025 2024 2024
£ £ £ £
Wages and salaries 319,401 319,401 288,527 288,527
Social security costs 21,073 21,073 21,090 21,090
Employer’s pension costs 25,113 25,113 22,839 22,839
───── ───── ───── ─────
£365,587 £365,587 £332,456 £332,456
═════ ═════ ═════ ═════

The average weekly number of employees during the year, calculated on the basis of average headcount, was 12 (2024: 12). No employee received emoluments of more than £60,000 in either year.

The key management personnel costs of the Trustees and the Chief Executive. The total employee benefits of the key management personnel were £46,482 (2024: £57,933 including Interim Chief Executive).

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 (continued)

10. TANGIBLE FIXED ASSETS

Cost
At 1 July 2024 and
30 June 2025
Depreciation
At 1 July 2024
Charge for the year
At 30 June 2025
Net book value
At 30 June 2025
At 30 June 2024		 Freehold
properties
£
Leasehold
properties
£
Computer
equipment
£
Fixtures &
fittings
£
Motor
vehicles
£
Holiday
pods
£
Totals
£
2,020,572
161,379
8,477
77,807
43,013
93,703
2,404,951
626,401
67,517
8,355
71,915
13,086
9,620
796,894
40,412
17,006
121
4,743
11,712
4,811
78,805
666,813
84,523
8,476
76,658
24,798
14,431
875,699
1,353,759
76,856
1
1,149
18,215
79,272
1,529,252
1,394,171
93,862
122
5,892
29,927
84,083
1,608,057

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 (continued)

11. PRINCIPAL SUBSIDIARIES

The charitable company owns the whole of the issued share capital (1,000 ordinary £1 shares) of Emmaus Bristol (Enterprises) Limited, a company registered in England & Wales (number: 04889148). All activities have been consolidated on a line by line basis in the Statement of Financial Activities. Available profits are donated to the charitable company. A summary of the results of the subsidiary is shown below:

2025 2024
£ £
Turnover 180,561 155,360
Cost of sales (107,125) (62,500)
───── ─────
Gross profit 73,436 92,860
Administrative expenses (1,615) (1,366)
───── ─────
Profit/(loss) on ordinary activities before taxation 71,821 91,494
Tax on profit/loss on ordinary activities - -
───── ─────
Profit/(loss) for the year 71,821 91,494
═════ ═════
Shareholders funds brought forward 51,494 42,544
Profit/(loss) for the period 71,821 91,494
───── ─────
123,315 134,038
Distribution to parent charity (90,000) (82,544)
───── ─────
Shareholders funds carried forward 33,315 51,494
═════ ═════

12. DEBTORS

Group Charity Group Charity
2025 2025 2024 2024
£ £ £ £
Trade debtors 7,310 7,310 14,447 2,485
Prepayments 18,291 18,291 11,585 11,585
Accrued income 58,672 46,672 2,475 2,475
Other debtors 751 751 2,002 2,002
Amounts owed by subsidiary - - - 6,829
───── ───── ───── ─────
£85,024 £73,024 £30,509 £25,376
═════ ═════ ═════ ═════

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 (continued)

13. CREDITORS: Amounts falling due within one year

Group Charity Group Charity
2025 2025 2024 2024
£ £ £ £
Trade creditors 16,150 29,151 7,913 7,913
Accruals and deferred income 62,511 16,361 23,911 22,459
Other taxation and social security 7,367 7,367 3,561 -
Other creditors 7,875 7,875 6,145 9,706
Loan 50,000 50,000 - -
───── ───── ───── ─────
£143,903 £110,754 £41,530 £40,078
═════ ═════ ═════ ═════

Included above is deferred income relating to housing income received in advance of provision. The loan is from Emmaus UK and is repayable from 1 April 2027. A further, final, tranche of £50,000 was made in October 2025.

Deferred income at start of the year 4,453 4,453 175 175
Amount released to income in the year (4,453) (4,453) (175) (175)
Amount deferred in the year - - 4,453 4,453
───── ───── ───── ─────
£- £- £4,453 £4,453
═════ ═════ ═════ ═════

14. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH INFLOW FROM OPERATING ACTIVITIES

Group

Group
2025 2024
£ £
Net movement in funds (131,609) (109,592)
Investment income (265) (139)
Depreciation 78,805 84,185
(Profit)/loss on disposal of fixed assets - (400)
(Decrease)/increase in creditors 102,373 (34,031)
Decrease/(increase) in debtors (54,515) 17,137
───── ─────
Net cash inflow(outflow) from operating activities £(5,211) £(42,840)
═════ ═════

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 (continued)

15. MOVEMENT IN FUNDS

15. MOVEMENT IN FUNDS
Balance as at Income Expenditure Transfers Balance as at
1 Jul 2024 30 Jun 2025
£ £ £ £ £
Restricted funds
European Regional Development Fund 319,285 - (8,060) - 311,225
Minibus Appeal 840 - - - 840
Holiday Pods 25,018 - (894) - 24,124
Emmaus UK 2,243 9,371 (8,792) - 2,822
New Homes Appeal 17,842 - - - 17,842
Screwfix Foundation 4,135 - (798) - 3,337
Dental Appeal 513 6,550 (6,600) - 463
Quartet Tap For Bristol 4,661 - (626) - 4,035
Brisdoc – work coaching - 10,000 (10,000) - -
Repairs & Energy Appeal - 150 (150) - -
EUK Build Your Companion - 51,069 (32,767) - 18,302
St Martin in the Fields Frontline Network - 602 (602) - -
John James Foundation - 30,000 (10,709) - 19,291
National Lottery Awards For All - 19,929 (8,003) - 11,926
Quartet Express Grant - 5,000 (3,064) - 1,936
Albert Hunt Fund - 10,000 (4,096) - 5,904
Other 1,622 - - - 1,622
────── ───── ───── ───── ──────
Restricted funds £376,159 £142,671 (£95,161) - £423,669
══════ ═════ ═════ ═════ ══════
Unrestricted funds
Designated funds
General Fixed Asset Fund 1,263,755 - (69,852) - 1,193,903
Ethical 1,574 - (1,574) - -
Co-Op Safer Fund 7,500 - (7,500) - -
General funds
General fund 44,394 662,199 (744,213) - (37,620)
────── ───── ────── ───── ──────
Unrestricted funds £1,317,223 £662,199 (£823,139) - £1,156,283
══════ ═════ ══════ ═════ ══════
Charity funds 1,693,382 804,870 (918,300) - 1,579,952
Emmaus Bristol (Enterprises) Limited 52,494 180,561 (198,740) - 34,315
Inter-Company eliminations (1,000) (197,125) 197,125 - (1,000)
────── ───── ───── ───── ──────
Total funds (Group) £1,744,876 £788,306 (£919,915) - £1,613,267
══════ ═════ ═════ ═════ ══════

Restricted funds

European Regional Development Fund – A capital fund spent on the purchase of Backfields House (net of depreciation) relating to the European Regional Development Fund grant. A deed of covenant between Emmaus Bristol and The Secretary of State for Local Government relating to Backfields House has been agreed for a period of 15 years from 31 March 2014. £8060 p.a. of depreciation charged to this fund.

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 (continued)

15. MOVEMENT IN FUNDS (continued)

Designated funds

General Fixed Asset Fund – The designated fixed asset fund comprises the transfer from unrestricted donations for the purchase of Shaftesbury House and Backfields House together with an amount from general funds for the balance of the purchase price and the net book value of all other fixed assets.

16. MOVEMENT IN FUNDS

Restricted Unrestricted Total Total
Funds funds funds funds
2025 2025 2025 2024
£ £ £ £
Tangible fixed assets 335,349 1,193,903 1,529,252 1,608,057
Fixed asset investments - 1,000 1,000 1,000
Other net current assets 88,320 (38,620) 49,700 84,325
────── ────── ────── ──────
Charity £423,669 £1,156,283 £1,579,952 £1,693,382
Emmaus Bristol (Enterprises) Limited - 34,315 34,315 52,494
Inter-company eliminations - (1,000) (1,000) (1,000)
────── ────── ────── ──────
£423,669 £1,189,598 £1,613,267 £1,744,876
══════ ══════ ══════ ══════

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EMMAUS BRISTOL YEAR ENDED 30 JUNE 2025

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 (continued)

17. OPERATING LEASES

The Group and the charity had operating leases at the year end with the total future minimum lease payments as follows:

follows:
Group Charity Group Charity
2025 2025 2024 2024
£ £ £ £
Amount falling due:
Within 1 year 34,769 34,769 32,142 32,142
Within 1-5 years 55,380 55,380 90,746 90,746
More than 5 years - - 7,154 7,154
───── ───── ───── ─────
£90,149 £90,149 £130,042 £130,042
═════ ═════ ═════ ═════

18. RELATED PARTY TRANSACTIONS

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

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