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← Emmaus Hertfordshire

2025-06-30-accounts

Docusign Envelope ID: 68EBD020-F33D-4831-9F2E-088A77BB10AD

EMMAUS HERTFORDSHIRE LTD Financial Statements For the Year Ended 30 June 2025

Charity Registration No: 1073808 Company Registration No: 03692409

Docusign Envelope ID: 68EBD020-F33D-4831-9F2E-088A77BB10AD

CONTENTS

EMMAUS HERTFORDSHIRE LTD

Page
Trustees’ report 1-7
Independent auditors’ report 8-10
Statement of financial activities 11
Balance sheet 12
Statement of cashflows 13
Notes to the financial statements 14-23

Docusign Envelope ID: 68EBD020-F33D-4831-9F2E-088A77BB10AD

EMMAUS HERTFORDSHIRE LTD

REFERENCE AND ADMINISTRATIVE DETAILS

Trustees: Richard Belt - (Chair)
Simona Bojare
Samantha Drury
Richard Exact
Fiona Falle
Michelle Hart
Heather Hurford
Ole Krogh Buus - (Appointed on 25 June 2025)
Chloe Mann
Robert Prynn
David Sawday
Company Secretary: Fiona Falle
Registered Office: Hill End Lane
St Albans
Hertfordshire
AL4 0FE
Registered Company Number: 03692409 (England and Wales)
Registered Charity Number: 1073808
Auditors: Mercer & Hole LLP
Trinity Court
Church Street
Rickmansworth
Hertfordshire
WD3 1RT
Principal Office: Hill End Lane
St Albans
Hertfordshire
AL4 0FE
Bankers: CAF Bank
25 Kings Hill Avenue
West Malling
Kent
ME14 4JQ

Docusign Envelope ID: 68EBD020-F33D-4831-9F2E-088A77BB10AD

EMMAUS HERTFORDSHIRE LTD TRUSTEES’ REPORT

The trustees, who are also directors of Emmaus Hertfordshire for the purposes of the Companies Act 2006, submit their annual report and financial statements of the charity for the year ended 30 June 2025. The trustees confirm that the annual report and financial statements of the charity comply with current statutory requirements, the requirements of the charity's governing document, the Companies Act 2006 and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), as amended for accounting periods commencing from 1 January 2019.

Objectives and activities

The objectives are the alleviation and relief of poverty, hardship, and distress across Hertfordshire. The policies adopted in furtherance of these objectives are the provision of accommodation, assistance, and meaningful work experience for homeless people within a community run in accordance with the concepts and principles of Emmaus and its international manifesto.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

About Emmaus Hertfordshire

Emmaus Hertfordshire is an award-winning charity that empowers people to overcome homelessness for good. We provide the foundation of a home and life-changing tailored support.

We're here for people experiencing or at risk of homelessness. We see the person and their strengths – and help them get their life back on track, based on the future they want to create. As part of a nationwide movement of local Emmaus charities, we equip people with valuable skills, training and work experience to achieve their goals.

No one's life should be defined by homelessness. In our caring community, we build on each individual's abilities, increasing their confidence and self-esteem. The people we support have a purpose and a chance to make a tangible contribution to their community.

Emmaus gives companions, as we call our residents, the opportunity to take stock of their lives, deal with any issues they might have, and often re-establish relationships with loved ones. Our HMO (house in multiple occupation) licence currently enables us to provide bed spaces for up to 39 companions to live on site. Each companion has their own room and their own front door key. In return for accommodation, meals and a range of support services companions are encouraged to undertake 40 hours of volunteering for our social enterprise or working in the community. Companions volunteer in our shops, on our vans, collecting, delivering, and renovating donated furniture. Companions also cook the meals, clean the home and maintain the community building and garden.

Emmaus Hertfordshire is a vital part of our local area. Our 5 charity shops are places to find affordable furniture, household items, clothing, books, toys and more. We give new life to pre-loved items – reducing waste and promoting reuse. We also run a successful house clearance service and have a thriving upcycling workshop in our St Albans community.

Emmaus Hertfordshire is part of a national network of Emmaus charities, supporting more than 1,000 people every year. In everything we do, we bring people together, amplifying their voices and experiences to prevent homelessness for good. We are also part of the global Emmaus movement for social change – operating in more than 40 countries across the world.

Working together, and with your support, we're ending homelessness one person at a time.

Docusign Envelope ID: 68EBD020-F33D-4831-9F2E-088A77BB10AD

EMMAUS HERTFORDSHIRE LTD TRUSTEES’ REPORT

We have continued to support a range of other charities, voluntary organisations and individuals with ‘solidarity’ furniture packs and our close partnership with the Hertfordshire Association for the Care and Rehabilitation of Offenders (“HACRO”) has continued, generating new opportunities and positive outcomes for both HACRO clients and Emmaus companions.

Trading income has been supplemented by support from a range of donors, corporate partners, trusts and foundations who have ranged from large, national funders to small, local community groups. We are grateful to everyone who has supported us and enabled us to continue our vital charitable work.

Our trustees, volunteers and key local and national stakeholders have also continued to be very supportive, and we extend our thanks to them all.

Achievements and performance

2024/25 saw the charity continue to make solid progress in delivering its core mission of providing a home and meaningful work experience to as many formerly homeless companions as possible. In order to meet everincreasing demand we successfully applied to increase our HMO licence to 39 and occupancy has been steady at the mid-30s. Increasing complexity of need among the companions living here has meant that we have been working more closely than ever with other services to source the specialist support they need – especially for substance misuse and mental health issues. Staff turnover in all teams caused some disruption but as a small local charity which is unable to match the salaries paid by the commercial sector this is unavoidable.

During the year we have worked to ensure that we are improving our core policies and processes to both maximise our efficiency and effectiveness and to ensure that we are compliant with the Supported Housing Regulatory Oversight Act. We have worked closely with Emmaus UK, following their guidance and a suggested set of quality standards, and we have introduced a number of new systems (including the In Form CRM system and the Risk Proof risk management system) as well as adopting a range of updated model policies.

After a strong start to the year our trading performance was mixed and heavily impacted by staff changes and absences. We made some progress on sourcing a replacement for our St Albans city centre store, but not to the point where we could sign a lease and occupy the new premises and our new Letchworth store took a while to establish itself. As a result we finished the year short of the income budget set for trading, but more than hit budget overall as a result of sensible cost-control, a generous donation from a corporate partner and a legacy, both of which we which we received relatively late in the year. This left us with a modest surplus to offset some of the planned losses of previous years.

We continue to engage actively with the wider work of Emmaus across the UK and internationally. Our CEO attended the Emmaus International World Forum of Alternatives in Poitiers, France as well as an Emmaus Europe board meeting in Bosnia and an Emmaus International board meeting in the Netherlands. We also hosted a visit from an Emmaus International Board member from India and are looking to use the companion enthusiasm this generated to develop more international solidarity activity.

Our current Trustee and former Chair, Heather Hurford joined the board of Emmaus UK, further strengthening our links with the federation.

We continue to be most grateful to our Patrons, Lord and Lady Cecil, who generously hosted a lunch at Hatfield House for some of our key supporters. Our trustees and other volunteers make a vital contribution to our work, and we were delighted to receive a steady flow of supporters, partners and stakeholders as visitors to our community.

Solidarity

Solidarity is helping others who are vulnerable or experiencing difficulties. It involves standing together and supporting one another in times of need, without judgement or discrimination. It can be expressed through various actions, such as donations, activism, or volunteering, all aimed at promoting the greater good of society.

Docusign Envelope ID: 68EBD020-F33D-4831-9F2E-088A77BB10AD

EMMAUS HERTFORDSHIRE LTD TRUSTEES’ REPORT

Solidarity is a powerful force that can inspire positive change. It is all about uniting in a common goal to help others in greater need, with every small act of kindness collectively making a world of difference.

We continue to support the Emmaus movement internationally with solidarity payments. We also provide a significant number of low or in some cases no-cost furniture packs to those in need and offer a discount to anyone on benefits who shops with us. We also involve our Companions in activities such as festival salvage which we undertake in collaboration with Herts for Refugees and this kind of activity fulfils a valuable role in boosting their confidence and sense of self-worth.

Our companions

We remain proud to be supporting companions as they progress in their lives, with support for those ready for employment into full-time jobs.

Companion data table

Companion data table
2023/2024
 2024/2025
Average age 50 43
Gender: Male 88% 90%
Female 12% 10%
Positive Move-Ons 4 7
Number of rooms* 36 39
Occupancy rate 87% 88%

Referrals & new companions

We continue to receive referrals from multiple sources, with many from mental health, prison and addiction services. As ever, we try to balance the needs of the new companions with those of the established community.

The trend for referrals of individuals with multiple complex needs continues, as does the corresponding challenge of balancing the needs of the individual with our wider responsibility and duty of care to the community. We also still face perennial issues such as the reluctance among some homeless people to reject Universal Credit or to participate in the work of the community.

We received just over 200 referrals across the year and 17 new companions joined the community. This figure compares to 222 referrals / 21 new companions in 2023/24.

Move-on

Over the year we had 18 companion move-ons, of which 7 were positive and 11 companions were asked to leave the community by way of a Notice To Quit for breaches of no-alcohol on site, drug use etc. This compares to 4 positive moves-ons and 8 companions asked to leave the community in 2023/24. The increase in positive moveons partly reflects an effort by the support team to generate positive move-on options to age-appropriate supported accommodation for some of our longer-term companions. This has also impacted the average age of the companions, lowering it by 7 years. We continue to work with the local authority housing team to create viable options, because the reality is that the local private rental market is out of reach for many. The increase in the number of companions asked to leave the community is a result of accepting companions with higher levels of support needs and this trend is expected to continue over the medium term.

Solidarity

Over the year we have continued to provide solidarity rooms to up to three people who have no recourse to public funds and are ineligible to claim housing benefit. The skills, knowledge, experience, and work ethos these companions bring with them is vital to the community, as well as bringing welcome cultural diversity.

Docusign Envelope ID: 68EBD020-F33D-4831-9F2E-088A77BB10AD

EMMAUS HERTFORDSHIRE LTD TRUSTEES’ REPORT

Looking ahead

Our core strategy will remain unchanged in 2025/26. We will aim to secure funding for and complete further work on the community building to make it both more comfortable and energy efficient. In addition we will aim to generate more and better opportunities for personal development and ultimately positive move-on for companions. A key enabler to this will be the level of staff continuity that we are able to achieve, but as a charity which pays significantly lower wages than the commercial sector this is a constant challenge.

We will continue to work on driving our quality standards to comply not only with evolving regulatory requirements, but also as far as is possible with best-practice as advocated by Emmaus UK

We will continue to work to develop a more robust and efficient social enterprise and will prioritise a return to St Albans city centre for our retail offering. We will continue to try to balance both the revenue-earning potential for the organisation and the development opportunity for companions.

Our aim will be to have a full (hopefully with a waiting list) and fully staffed community, which is developing and generating positive outcomes for a steady throughput of companions who are moving on in positive circumstances. We will also continue to seek cost-effective ways to raise our profile locally and to build partnerships with organisations who share similar purposes to our own.

Impact

We strongly believe that the inherent value of our support and the positive progress made by our companions far exceeds our annual costs. As well as the direct benefits for individuals, the reduction in demands on local health, housing, employment, criminal justice, and other services is considerable. In addition to the benefit, we deliver to our companions we are also proud of the positive environmental impact that is a core strand of the DNA of our social enterprise as we save several thousand tonnes of furniture and other items of bric-a-brac from landfill each year.

Principal funding sources

The principal unrestricted funding sources for the charity are currently retail and house clearance income, gift aid, legacies, donations (from individuals, organisations and trusts and foundations), and housing benefit.

Financial review

Overall, gross income for the year was, £1,279,706, just over £70,928 (or 5.9%) up from the £1,208,778 achieved during the prior year. This change was driven by a reasonable trading performance (notwithstanding some adverse impact caused by changes in shop locations), and good progress in terms of fundraising. Generous supporters again contributed donations and legacies of £232,094 (2024 £196,313).

Costs continued to be tightly controlled with overall spend of £1,210,342 down £39,930 (or 3.2%) from the prior year figure of £1,250,272.

The overall surplus for the year was £69,364 (2023-2024 - £41,494 deficit).

The charity continues to be run efficiently while seeking to achieve high standards of governance. One member of staff was paid more than £60,000 p.a.

Reserves

The charity has considerable basic operating costs amounting to £1,210,342 in the year ended 30 June 2025. The trustees’ policy is to maintain a minimum level of reserves, in cash equivalent to three months expenditure estimated at £302,586 based on the actual costs for the year to 30 June 2025.

At 30 June 2025, total unrestricted funds were £783,575 of which £381,490 was the net current asset position and £528,765 was held in cash or cash equivalents.

Docusign Envelope ID: 68EBD020-F33D-4831-9F2E-088A77BB10AD

EMMAUS HERTFORDSHIRE LTD TRUSTEES’ REPORT

The Charity Governance Code

The Charity Governance Code sets out the principles and recommended practice for good governance within the sector. Members of the board conducted an internal audit against the code during the year and this has resulted in an ongoing action plan which has been worked on during the course of 2024/25 to ensure continued compliance with the code.

Equality, Diversity, Inclusion

Equality, Diversity, and Inclusion (“EDI”) are essential pillars for an organisation focused on reducing stigma, promoting wellbeing, and sustaining positive change. Our view of our equality performance is that there are improvements we can make to ensure we have a diverse, representative organisation, and that our services are inclusive and welcoming to people from currently under-represented groups. We recognise that we can always do more to be representative of the communities we serve, and this will continue to be factored into our recruitment policy for both staff and trustees.

Strategy and risk management

We will continue to review the performance and challenges faced by the social enterprise and retail environments in which we operate and ensure the charity extends its support and works with those most in need. Our guiding strategic ambition is still to have a more comprehensive and better targeted development proposition for more companions which we deliver from better facilities in an environment which is safer, greener and more friendly.

Responsibility for the organisation's strategic direction rests with the trustees who invite the input of other stakeholders. The risk register is regularly reviewed by both the Risk Committee and the board, as well as the systems and procedures established to identify and mitigate the risks the charity faces. The risk register is prepared in accordance with the Charity Commission document (CC26 dated June 2010).

We remain alert to our potential vulnerability arising from reliance on retail for most of our income. The intent is to continue to grow and refine the social enterprise operation to minimise this risk, but in the meantime having a significant, recurring stream of unrestricted revenues is a great strength of the Emmaus model and means we avoid the grant or commissioning contract renewal ‘cliff edge’ which threatens so many smaller charities.

Operational risk driven by a heavy dependency on a few key staff in a small team is an ongoing risk we continually monitor and the nature of our work and the issues which the companion cohort bring with them into the community mean that reputational risk and our standing in the wider community are also issues which we continue to consider carefully.

Docusign Envelope ID: 68EBD020-F33D-4831-9F2E-088A77BB10AD

EMMAUS HERTFORDSHIRE LTD TRUSTEES’ REPORT

Structure, governance, and management

The charity is a company limited by guarantee, incorporated on 6th January 1999, and registered as a charity on 3rd February 1999. 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, which were last revised in 2019. A copy is available on request from the Company Secretary.

None of the trustees has any beneficial interest in the company. All the trustees are members of the company and guarantee to contribute up to a maximum of £1 in the event of a winding up.

The trustees, who are also the directors for the purpose of company law, who served during the year were:

John Richard Belt Samantha Drury Richard Anthony Exact Fiona Falle Heather Margaret Hurford Chloe Mann David Sawday Robert James Prynn Simona Bojare Michelle Hart Ole Krogh Buus (Appointed 25 June 2025)

Recruitment and appointment of trustees

Under the requirements of the Memorandum and Articles of Association each trustee is elected for a fixed threeyear term of office, which will expire at the conclusion of an Annual General meeting but then shall be eligible for re-election. Any trustee having completed nine years continuous service shall not be eligible for reappointment for at least one year unless there are exceptional circumstances.

The charity seeks to ensure that the trustee body includes individuals with experience of the needs of homeless individuals as well as the more traditional business skills. Recruitment of trustees has been undertaken and is planned to ensure that sufficient skills are in place as long-standing trustees complete their period of tenure.

Trustees are required to provide a list of their skills, (and update it each year), and in the event of particular skills being lost due to retirements, individuals are approached to offer themselves for election to the trustee body. Emmaus Hertfordshire is a member of the National Council for Voluntary Organisations (NCVO) and positively recruits for trustees with specific skills and/or life experience.

Statement of trustees’ responsibilities

Company and charity law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing those financial statements the trustees have:

Connected charities

The charity is a member of Emmaus UK Federation, together with 28 other Emmaus groups and communities. The charity is also a member of Emmaus Europe and Emmaus International.

Docusign Envelope ID: 68EBD020-F33D-4831-9F2E-088A77BB10AD

EMMAUS HERTFORDSHIRE LTD TRUSTEES’ REPORT

The Directors of Emmaus St Albans (now named Emmaus Hertfordshire) previously controlled a dormant company, Emmaus Hertfordshire (No: 10687735). The original intention was that this company would be used for promotion, publicity, and fundraising, but it previously remained dormant throughout the period and was struck off in March 2024, with the name duly being taken by Emmaus St Albans.

Declaration

In accordance with company law, as the company's directors we certify that:

Auditor

The auditor, Mercer and Hole LLP Chartered Accountants, was appointed under section 487(2) of the Companies Act 2006. A resolution regarding the appointment of the auditor will be proposed at the Annual General Meeting.

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (October 2019).

This report has been prepared in accordance with the special provisions of S414 (3) of the Companies Act 2006 relating to small companies.

26/3/2026

This report was approved by the trustees on .................... and signed on their behalf by:

ce ................................. B87F29C9F2BB4E2... by:

R. Belt

Chair of Trustees

26/3/2026

Dated: .........................

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EMMAUS HERTFORDSHIRE LTD

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF EMMAUS HERTFORDSHIRE LTD

Opinion

We have audited the financial statements of Emmaus Hertfordshire (the 'charitable company') for the year ended 30 June 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including 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

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The trustees are responsible for the other information. The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. 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.

In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

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EMMAUS HERTFORDSHIRE LTD INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF EMMAUS HERTFORDSHIRE LTD

Matters on which we are required to report by exception

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

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 6, 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 charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

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.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

We gained an understanding of the legal and regulatory framework applicable to the charitable company and the housing and retail sector in which it operates and considered the risk of acts by the charitable company that were contrary to applicable laws and regulations, including fraud. These included, but were not limited to, the Companies Act 2006 and the Charities SORP 2019.

We evaluated trustee’s incentives and opportunities for fraudulent manipulation of the financial statements and the financial report (including the risk of override of controls),and determined that the principal risks were related to posting inappropriate entries including journals to overstate revenue or understate expenditure and management bias in accounting estimates.

Audit procedures performed by the engagement team included:

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely

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EMMAUS HERTFORDSHIRE LTD

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF EMMAUS HERTFORDSHIRE LTD

the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non- compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

| …………………………………… NolenDocuSignedUpslallby:

Jolene Upshall FCA (Senior Statutory Auditor)

For and on behalf of Mercer & Hole LLP

Trinity Court Church Street Rickmansworth Hertfordshire 26/3/2026 WD3 1RT Date: ……………………………………

Mercer & Hole LLP is eligible to act as auditor in terms of section 1212 of the Companies Act 2006.

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EMMAUS HERTFORDSHIRE LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

Statement of financial activities

(including Income and Expenditure Account)

For the year ended 30 June 2025

Notes
Income
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Other income
7
Total income
Expenditure
Raising funds
8
Charitable activities
9
Total expenditure
Net income/(expenditure)
Transfers
Net movement in funds for the
year
Reconciliation of funds
Fund balance brought forward
at 1 July 2024
Fund balance carried forward at
30 June 2025		 Total
Unrestricted
Funds
£
180,654
319,174
700,625
5,653
22,160
1,228,266
475
1,202,413
1,202,888
25,378
83,178
108,556
675,019
783,575		 Total
Restricted
Funds
£
51,440
-
-
-
-
51,440
-
7,454
7,454
43,986
(83,178)
(39,192)
570,035
530,843		 Total
Funds
2025
£
232,094
319,174
700,625
5,653
22,160
1,279,706
475
1,209,867
1,210,342
69,364
-
69,364
1,245,054
1,314,418		 Total
Funds
2024
£
196,313
280,881
697,092
5,261
29,231
1,208,778
3,963
1,246,309
1,250,272
(41,494)
-
(41,494)
1,286,548
1,245,054

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The split of funds for the comparative year is included in note 21 of the accounts.

Docusign Envelope ID: 68EBD020-F33D-4831-9F2E-088A77BB10AD

EMMAUS HERTFORDSHIRE LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

Balance sheet as at 30 June 2025

30 June 2025 30 June 2025 30 June 2024 30 June 2024
Notes £ £
Tangible Fixed Assets 13 824,185 830,872
Current Assets
Debtors 14 89,996 84,891
Cash at bank and in hand 528,765 496,774
618,761 581,665
Creditors
Amounts falling due within 1 year 15 (128,528) (167,483)
Net Current Assets 490,233 414,182
Net Assets 1,314,418 1,245,054
Accumulated Funds
Unrestricted funds 16 783,575 675,019
Restricted funds 16 530,843 570,035
Total Charity Funds 16 1,314,418 1,245,054

The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard (FRS 102).

26/3/2026

Approved by the Board of Trustees and Directors on………………………and signed on their behalf by:

ce by:

……………………………………………

R. Belt

Chair Trustee 26/3/2026 Date: ………………………………………

The notes on pages 14 to 23 form part of these financial statements.

Docusign Envelope ID: 68EBD020-F33D-4831-9F2E-088A77BB10AD

EMMAUS HERTFORDSHIRE LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

Statement of Cash Flows

For the year ended 30 June 2025
Note
Cash flows from operating activities
19
Cash flows from investing activities
Sale of disposed assets
Interest income
Purchases of tangible fixed assets
Net cash from investing activities
Cash flows from financing activities
Cash used in financing activities
Net cash from financing activities
Increase / (Decrease) in cash and cash
equivalents in the year
Total cash and cash equivalents at 1 July
2024
Total cash and cash equivalents at 30 June
2025		 2025
£
52,966
-
5,653
(26,628)
(20,975)
-
-
31,991
496,774
528,765		 2024
£
9,306
-
5,261
(38,775)
(33,514)
-
-
(24,208)
520,982
496,774

Docusign Envelope ID: 68EBD020-F33D-4831-9F2E-088A77BB10AD

EMMAUS HERTFORDSHIRE LTD

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

Charity information

Emmaus Hertfordshire is a private company limited by guarantee incorporated in England and Wales. The registered office is Hill End Lane, St Albans, Herts, AL4 OFE.

1. Accounting policies

The following accounting policies have been used consistently in dealing with items which are considered material in relation to the financial statements.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity’s governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from 1 October 2019). The charity is a Public Benefit Entity as defined by FRS 102.

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

The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

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

1.3 Charitable funds

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 accounts.

1.4 Incoming resources

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

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

Assets for distribution are recognised only when distributed. Assets given for use by the charity are recognised only when receivable.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

1.5 Resources expended

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Docusign Envelope ID: 68EBD020-F33D-4831-9F2E-088A77BB10AD

EMMAUS HERTFORDSHIRE LTD

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

1. Accounting polices (Continued)

1.5 Resources expended (Continued)

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings.

1.6 Tangible fixed assets

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

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

Land and buildings leasehold 2% straight line / lease term Fixtures, fittings & equipment 20% straight line Motor vehicles 20% straight line

1.7 Stocks

The Charity held undistributed assets, principally donated goods awaiting resale, at the year-end that have not been recognised in these financial statements. The value of these is dependent on what a willing buyer would pay and hence it is not practical to estimate.

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

1.9 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

1.10 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

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

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

Key sources of estimation uncertainty

Companion fund allowance

Each companion has an allowance which will be paid upon leaving the company. This allowance is from a weekly amount being put in by the charity. An estimate is made at the year end to make sure the companion allowance payable has been recorded correctly.

Docusign Envelope ID: 68EBD020-F33D-4831-9F2E-088A77BB10AD

EMMAUS HERTFORDSHIRE LTD

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

3. Donations and legacies

Unrestricted
Funds
£
Donations and gifts
180,654
For the year ended 30 June 2024
103,942
Donations and gifts
Hill End Multifunction Room:
Emmaus UK
-
Other Donations and Gift aid:
Emmaus UK
7,709
CAF Charities Aid
725
Maintenance Grant
-
Kitchen Grant
-
Other Donations and Gift aid
72,220
West Herts Charity Grant
-
CPL Aromas Grant
100,000
Workforce Development Grant
-
180,654
4. Charitable activities
Housing Benefit
5. Other trading activities
Sales of donated furniture and household items		 Restricted
Funds
£
51,440		 Restricted
Funds
£
51,440
92,371
-
-
-
-
-
-
25,000
25,000
1,440
51,440

Docusign Envelope ID: 68EBD020-F33D-4831-9F2E-088A77BB10AD

EMMAUS HERTFORDSHIRE LTD

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

6. Investments

Interest receivable 2025
2024
£
£
5,653
5,261

7. Other income

Rental
Sundry deposits
Gift Aid received		 Unrestricted
Funds
£
11,734
7,022
3,404
22,160		 Restricted
Funds
£
-
-
-
-		 Total
2025
Total
2024
£
£
11,734
15,216
7,022
4,017
3,404
9,998
22,160
29,231

8. Raising funds

2025 2024
£ £
Fundraising and publicity 475 3,963

9. Expenditure on charitable activities

Docusign Envelope ID: 68EBD020-F33D-4831-9F2E-088A77BB10AD

EMMAUS HERTFORDSHIRE LTD

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

Staff costs
Companion costs
Premises costs
Vehicle fleet and travel costs
Equipment hire and workshop
Accounting, legal and banking
Administration
Support to others
Share of support costs (Note 10)
Share of governance costs (Note 10)
Analysis by fund
Unrestricted funds
Restricted funds
Analysis by fund 30 June 2024
Unrestricted funds
Restricted funds		 Community
Running
Costs
£
546,087
208,138
259,848
63,254
21,055
17,513
53,398
-
1,169,293
17,799
16,626
34,425
1,196,264
7,454
1,203,718
1,108,512
119,927
1,228,439		 Solidarity
Payments
£
-
-
-
-
-
-
-
6,149
6,149
-
-
-
6,149
-
6,149
17,870
-
17,870		 Total
2025
£
546,087
208,138
259,848
63,254
21,055
17,513
53,398
6,149
1,175,442
17,799
16,626
34,425
1,202,413
7,454
1,209,867		 Total
2024
£
503,102
200,647
376,394
51,225
22,460
5,729
42,086
17,870
1,219,513
14,029
12,767
26,796
1,126,382
119,927
1,246,309

Support to others (including other Emmaus communities): £6,149 (2024: £17,870)

Docusign Envelope ID: 68EBD020-F33D-4831-9F2E-088A77BB10AD

EMMAUS HERTFORDSHIRE LTD

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

10. Support costs

Administration
Accountancy
Audit fee
Analysed between
Charitable activities		 Support
costs
£
17,799
-
-
17,799
17,799		 Governance
costs
£
-
4,326
12,300
16,626
16,626		 2025
£
17,799
4,326
12,300
34,425
34,425		 2024
Basis of Allocation
£
14,029
25% of total
1,817
25% of total
10,950
Full cost
26,796
26,796

Governance costs includes payments to the auditors of £12,300 (2024 - £10,950)

11. Trustees

None of the trustees, (or any persons connected with them), received any remuneration or reimbursement of expenses during the year.

The Charity provides supplementary indemnity insurance cover for all trustees £154 (2024: £165)

12. Salary costs

Salaries (Gross)
Employers NI
Pension costs
Recruitment, training and other costs		 2025
£
488,336
38,379
15,917
3,455
546,087		 2024
£
453,179
32,364
16,383
1,176
503,102

The average number of employees during the year was: 15 (2024: 16).

There was 1 employee whose annual remuneration was £70,000 or more (2024 – There was 1 employee whose annual remuneration was £60,000 or more).

Docusign Envelope ID: 68EBD020-F33D-4831-9F2E-088A77BB10AD

EMMAUS HERTFORDSHIRE LTD

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

13. Fixed assets

Land and
buildings
leasehold
£
Cost
1 July 2024
1,378,698
Additions
-
Disposals
(13,361)
30 June 2025
1,365,337
Depreciation
1 July 2024
558,011
Charge
28,086
Disposals
(13,361)
30 June 2025
572,736
NBV
30 June 2025
792,601
1 July 2024
820,687
14. Debtors
Trade debtors
Prepayments and accrued income
Other debtors
15. Creditors: Amounts falling due within one year
Trade creditors
Accruals and deferred income
Other taxation and social security
Other creditors		 Fixture, fittings
&
equipment
Motor
vehicles
£
£
23,124
60,985
1,553
25,075
(5,852)
-
18,825
86,060
17,628
56,296
2,574
2,655
(5,852)
-
14,350
58,951
4,475
27,109
5,496
4,689
2025
£
12,909
64,780
12,307
89,996
2025
£
36,601
46,067
-
45,860
128,528		 Fixture, fittings
&
equipment
Motor
vehicles
£
£
23,124
60,985
1,553
25,075
(5,852)
-
18,825
86,060
17,628
56,296
2,574
2,655
(5,852)
-
14,350
58,951
4,475
27,109
5,496
4,689
2025
£
12,909
64,780
12,307
89,996
2025
£
36,601
46,067
-
45,860
128,528		 TOTAL
£
1,462,807
26,628
(19,213)
1,470,222
631,935
33,315
(19,213)
646,037
824,185
830,872
2024
£
15,661
50,180
19,050
84,891
2024
£
85,925
16,935
11,948
52,675
167,483

Docusign Envelope ID: 68EBD020-F33D-4831-9F2E-088A77BB10AD

EMMAUS HERTFORDSHIRE LTD

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

16
Movement in funds
30 June 2025
Unrestricted funds:
General fund
Restricted funds:
Hill End Community Fund:
Various improvements
Shop extension
Flat conversion
National Lottery Grant
West Herts Charity Grant
CPL Aromas Grant
Beatrice Laing Fund:
Property improvements
Crash Fund:
Property improvements
Misc funds (16)
Total funds		 Transfer
As at
between
As at
1 July 2024
Income
Expenditure
funds
30 June
2025
£
£
£
£
£
675,019
1,228,266 (1,202,888)
83,178
783,575
20,273
-
-
(6,012)
14,261
80,774
-
-
(9,103)
71,671
44,864
-
-(7,901) 36,963
314,145
-
-
(49,865)
264,280
-
25,000
-
(824)
24,176
-
25,000
(520)
-
24,480
60,848
-
(5,430)
262
55,680
10,749
-
(1,014)
(9,735)
-
38,3821,440
(490)
-
39,332
1,245,054
1,279,706
(1,210,342)
-
1,314,418

During the year it was determined that depreciation charges relating to asset capitalised in previous years that were funded from restricted income were being allocated against unrestricted income incorrectly. A transfer in the current year as detailed above is to appropriately release the depreciation charges against restricted funds. The calculation is based on 5 years depreciation for assets identified as having been funded by the above detailed grants. These assets are now clearly identifiable on the fixed asset register for future continued release against these restricted funds.

Docusign Envelope ID: 68EBD020-F33D-4831-9F2E-088A77BB10AD

EMMAUS HERTFORDSHIRE LTD

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

17. Analysis of net assets between funds

Fund balances as at 30 June 2025 represented by:
Tangible assets
Current assets/(liabilities)
Fund balances as at 30 June 2024 represented by:
Tangible assets
Current assets/(liabilities)		 Unrestricted
funds
402,085
381,490
783,575
Unrestricted
funds
350,594
324,425
675,019		 Restricted
funds
422,100
108,743
530,843
Restricted
funds
480,278
89,757
570,035		 Total
824,185
490,233
1,314,418
Total
830,872
414,182
1,245,054

18. Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Operating leases which expire:
Within 1 year
Within 2 – 5 years
Over 5 years
Total		 2025
£
72,120
140,000
52,500
264,620		 2024
£
63,512
158,709
87,500
309,721

19. Reconciliation of net movement in funds to net cash flow from operating activities

Net movement in funds
Adjustments for:
Deduct interest income classified under investing
activities
Gain on disposal of tangible fixed assets
Depreciation / impairment of tangible fixed assets
Sundry
Movement in working capital:
Decrease / (increase) in debtors
Increase / (decrease) in creditors
Net cash used in operating activities		 2025
£
62,716
(5,653)
-
33,315
-
(10,806)
(26,606)
52,966		 2024
£
(41,494)
(5,261)
-
35,575
-
4,738
15,748
9,306

Docusign Envelope ID: 68EBD020-F33D-4831-9F2E-088A77BB10AD

EMMAUS HERTFORDSHIRE LTD

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

20. Related party transactions

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

21. Statement of financial activities – prior year (including an Income and Expenditure Account)

For the year ended 30 June 2024

Income
Donations and legacies
Charitable activities
Other trading activities
Investments
Other income
Total income
Expenditure
Raising funds
Charitable activities
Total expenditure
Net income/(expenditure)
Transfers
Net movement in funds for the year
Reconciliation of funds
Fund balance brought forward at 1 July 2023
Fund balance carried forward at 30 June 2024		 Total
Unrestricted
funds
£
103,942
280,881
697,092
5,261
29,231
1,116,407
3,407
1,126,442
1,129,849
(13,442)
-
(13,442)
688,461
675,019		 Total
Restricted
funds
£
92,371
-
-
-
-
92,371
556
119,867
120,423
(28,052)
-
(28,052)
598,087
570,035		 Total Funds
2024
£
196,313
280,881
697,092
5,261
29,231
1,208,778
3,963
1,246,309
1,250,272
(41,494)
-
(41,494)
1,286,548
1,245,054