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← Emmaus Hampshire

2025-06-30-accounts

EMMAUS HAMPSHIRE

(A Company Limited by Guarantee) Company Registered Number: 03783294 Charity Registered Number: 1077264 Annual Report and Accounts For the year ended 30 June 2025

EMMAUS KAMPSHIRE

CONTENTS

THE YEAR ENDED 30 JUNE 2025

Trustees, Officers and Professional Advisers 2
Annual Report ofthe Trustees 3-7
Trustees’ Governance Statement 8-9
Report ofthe Independent Examiners 10
Statement of Financial Activities 11
Balance Sheet 12
Cash Flow Statement 13
NotestotheFinancialStatements 14-22

EMMAUS HAMPSHIRE

TRUSTEES, OFFICERS AND PROFESSIONAL ADVISERS

President

Alison Thompson, MBE

Vice Presidents

Tony Burton Anita Clark Keith Falconer

Trustees

John McKenna Appointed Chair of Trustees with effect from 12 March 2025 Catherine Harris Gareth Roberts Treasurer

John Conyngham Hazel Warwick Resigned as Chair of Trustees with effect from 12 March 2025 Jonathan Sutcliffe

Senior Management Team

Nigel J Samuels - CEO

Company Secretary

Gareth Roberts

Registered Office:

Registered Office: Bar End Road, Winchester, Hampshire, SO23 9BN The Charity is incorporated in England and Wales Bankers: National Westminster Bank pic 105 High Street Winchester Hampshire $023 SAW

Independent Examiners: Azets

Gateway House Tollgate Chandlers Ford Southampton $053 3TG

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,

EMMAUS HAMPSHIRE ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025

TRUSTEES’ REPORT

The Trustees of Emmaus Hampshire (“the Charity”), who are also directors of the Charity for the purposes of the Companies Act, present their annual report for the year ended 30 June 2025 under the Companies Act 2006 and the Charities Act 2011, together with the financial Statements for that year. The financial statements comply with the requirements of the Companies Act 2006, the Charity’s memorandum and articles of association and the relevant Statements of Recommended Practice (the Charities SORP).

STATUS AND ADMINISTRATION

The Charity is a registered charity (No. 1077264) and a company (No. 03783294) limited by guarantee that was incorporated on 7th June 1999. Its registered office is shown on page2 of this report.

The present Trustees and any past Trustees who served during the year are shown on page 2, together with the names of the senior management staff and the principal external advisers as at the date of the signing of this report.

Mission

We exist to give hope and a sense of belonging to those who have experienced homelessness or social exclusion.

How we do it -:

We create communities and opportunities to develop.

What we do -:

We provide a home and community for as long as people need it We support people to achieve their aspirations We engage people in meaningful activities through a range of social enterprises We help others through acts of solidarity We use our voice to address the causes and consequences of homelessness and social exclusion We are part of an international movement We help our environment and recycle and repurpose donations

Vision

To achieve full social enterprise status, generating Income through our environmental customer proposition, whilst maximising our support to those who find themselves homeless or socially excluded.

OVERVIEW OF CHARITY’S ACTIVITIES

The Trustees review the purpose, aims and activities of the Charity each year. This review looks at the achievements during the previous year, beyond just the finances, and explains the number of beneficiaries assisted and the extent of that assistance. When carrying out the review and planning future activities, the Trustees refer to the guidance contained in the Charity Commission's general guidance on public benefit. In particular the Trustees consider how planned activities will contribute to the aims and objectives they have set.

The Charity has two main activities, namely:

Provision of housing and support: The Charity has accommodation in Winchester for 37 Companions with further accommodation for up to 3 additional Companions. :

Social enterprise: The Charity manages 3 stores that sell recycled, up cycled and vintage furniture and homewares.

** In tine with other Emmaus communities our residents are referred to as Companions within our organisation and this report.

Companions Philosophy

“It's not just what the community can do for you, it’s as much what you can do for your community”

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EMMAUS HAMPSHIRE ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025

Key Strategic Aims 2023-27

Create More Homes- 1

Aim to serve a minimum of 40 Companions and be prepared to accept tactical opportunities to house further Companions, whilst ensuring our solidarity programme, underpins our support to reduce those who are socially excluded.

Making our Social Enterprise More Sustainable — 2

We aim to expand our retail space (square footage) and introduce a segmented choice of products and services depending on the individual location, which will support our mission in homelessness, social exclusion and the pro-active participation in environmental change.

Shout Louder! (Build our Brand) - 3 Double our brand recognition to 20% spontaneous awareness, through the promotion of low-cost housing solutions, reducing social exclusion and proactively participating in environmental change.

Deliver a Companions/Housing Quality Standards Programme -4

We will deliver a high standard of Companion care and development utilising a new quality standards and oversight programme which will be accredited by the MHCLG.

Develop an Organisational Development Programme (ODM) - 5

We will map ourprocesses to match our five-year plan and build our technology and peaple requirements around these processes mapped to a route map. We will review our Kudos Epos system, integrate the EUK sponsored Charity Log CRM system and find smart ways of working.

Build an Environmentally Focused & Active Organisation - 6

Deliver our Mission through a sustainable environmental model which will increase income through Maximising our recycling and reducing our running costs, whilst providing opportunities for both Companions and customers.

Deliver a Wide Range of Activities to Address Social Exclusion — 7 We aim to support those most at need, with a wider choice of services and Companion solidarity actions, segmented on a local, European and International basis, where we can make a tangible difference.

EMMAUS HAMPSHIRE’S PEOPLE

Trustees

Emmaus Hampshire is grateful to the people who voluntarily give their valuable time to serve on the Trustees Board and various committees that are necessary to ensure Emmaus Hampshire's activities are delivered to the highest possible standard.

Staff The Trustees wish to record their special thanks to all the staff of the charity for their sterling service on behalf of the charity, recognising that without their efforts, it would not have been possible to have achieved this result, in what continues to be a challenging operating environment. Emmaus Hampshire currently employs 8 staff. All staff joining Emmaus Hampshire must undertake induction training appropriate to their work area with the common topics of health and safety and IT. Ongoing professional development training is encouraged and staff are given the time to attend courses, seminars and conferences as approved by their line manager

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EMMAUS HAMPSHIRE ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025

Volunteers

In addition to paid staff Emmaus Hampshire enjoys the support of a small but dedicated team of volunteers. The volunteers help with merchandise selection which has a significant positive impact on retail sales and donations, and the development of our repair shop. Several of our volunteers have been recognised this year for their outstanding achievements.

Donors

Without our donors much of the valuable work Emmaus Hampshire does would not be possible and the Trustees are grateful for all their support. Emmaus Hampshire is fortunate to have several loyal supporters who donate regularly to our work.

REVIEW OF ACHIEVEMENTS AND PERFORMANCE DURING THE YEAR ENDED 30 JUNE 2025

These accounts reflect an organisation that is continuing to flourish despite the challenging economic and social environment, thanks to its companions, staff, customers and supporters.

During the year our incredible Support Managers continued to oversee our Companion development programme. This development programme supports Companions from their first day at Emmaus Hampshire, through to them being able to become independent once again, with a full-time sustainable job and home of their own.

The average weekly occupancy rate during the year was 35 Companions, with most being between 41 years and 59 years old. The peak number of Companions was 36, although by the Year end this figure was down to 30 following an unprecedented number of 11 Companions who moved on to independent living with sustainable jobs and homes during the year.

This remarkable achievement is a testament to the tremendous effort made by all the Staff at Emmaus Hampshire and is a ringing endorsement of the work undertaken. helping Companions return to mainstream society with renewed confidence is a huge part of why Emmaus exists.

A great deal of preparation by Staff and Companions was made to celebrate the 15" Anniversary of Emmaus Hampshire. During those 15 years a significant number of Companions have passed through our doors. A service was held at Winchester Cathedral with 250 guests and supporters. In addition, a fashion show was put on to display a selection of the type of clothing that is available in the shops run by the Companions at our three sites.

To further improve our ability to sell clothing and accessories, we signed a lease on new premises in Winchester on 1° June 2025. After a short period of fitting out, our boutique opened in readiness for the 2025/2026 financial year on 3° July 2025.

The idea of a boutique came about against the backdrop of falling donations of furniture and other major items, resulting in a shortage of this type of stock for our three existing outlets. It was decided to close the Southampton shop at the end of the Financial Year and the keys to the premises were returned on 30" June 2025.

The Recycling Centre continues to provide much needed income from its activities of house clearances, recycling and upcycling metal, books and cardboard. A few Companions are also taking the opportunity to hone their skills in woodworking and leatherwork using the tools available in the Repair Shop to create new pieces from reclaimed items and donations, which can then be sold.

The ‘Carbon Calculator’ was again given high prominence during the Winchester Green Week, as it demonstrated the beneficial impact on the environment of recycling, in terms of saved tonnes of CO2 that can be achieved. This tool has attracted interest from other parties. Plans for the Wellbeing Centre, which were delayed during the previous Financial Year, were resumed following an ecological study completed in March 2025. The project will be fully funded due to the generosity of our supporters, together with a grant from Emmaus UK Ltd. Planning permission was received for the building and construction work started on 11™ August 2025, post Financial Year end.

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EMMAUS HAMPSHIRE

ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025

Social Enterprise

During the Year overall store income was £461k (2024 - £506k). Our Winchester store delivered sales of £285k (2024 - £293k), Eastleigh sales were £92k (2024 - £103k) and Southampton sales of £85k (2024 - £111k). We also generated through our Recycling and House Clearance Services an additional £49.5k (2024 - £39.5k) It should be noted that unlike other Charity retailers we do not employ store managers, van drivers or a warehouse manager. All of 2025's performance was managed entirely by our Companions working in our Social Enterprise. The Board of Trustees would like to place on record their appreciation of the Companions’ positive contribution in 2025 and the significant financial income they have generated from ail of our activities during this time.

Fundraising

Emmaus Hampshire's strategic aims include our commitment to only actively fundraise for specific assets and activities. We are however most grateful for all donations and ensure that they are allocated to specific activities when donors kindly send us their donations. This year our fundraising income generated £105k to ensure all our projects were fully funded and our reserves were protected.

Solidarity - Companions Supporting the Less Fortunate While we are not helping people build houses the tradition of helping others locally, nationally and internationally who are less fortunate and able than our own Companions, continues to be an important element of the Emmaus Community. We are very proud that during the Year our Companions delivered over 15 projects at a value of £8k to the local community in goods and services.

FINANCIAL REVIEW

Against the background of economic chaltenges post Covid, the Trustees are satisfied with the financial position of the charity at the end of this financial year. The level of donations and grants received during the year was £173.9k (2024 - £159.5k). Social enterprise income was £461k (2024 - £506k). We also received £357 .4k (2024 - £330.8k) in housing income.

Charitable activity expenditure was £978k (2024 - £946.7k). Further details on charitable activity expenditure are shown in the notes to the financial statements and under the relevant charitable activity headings in the Trustees report.

The overall result was a deficit of £31k (2024 surplus £12k). The Trustees believe the Statement of Financial Affairs (SOFA) provides a solid platform to support the future activities and expansion of the Community.

RESERVES

Restricted Reserves Restricted Reserves are funds where the donor has specified to the charity the purpose for which they would like their gift used.

Free Reserves Free Reserves available for use by the Charity are deemed to be those that are readily realisable, less funds whose use is restricted or designated for particular purposes. Thus, the calculation of Free Reserves excludes fixed assets that continue to be used in the day-today operation of the Charity.

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EMMAUS HAMPSHIRE

ANNUAL REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 JUNE 2025

As a matter of policy, the Trustees regularly review the value of the reserves required to be held in cash and cash equivalents not restricted to or designated for any particular purpose. The Trustees have set a minimum target level of reserves of £200,000. This will enable the Charity to meet its operating expenses for a period of at least 4 months should there be a downturn in income for the charity.

As at the 30 June 2025 the General Reserve was £290k (2024 - £330k). Running costs include ail staff salaries and other costs associated with administering the charity and its funds.

The Fixed Asset Fund represents the net book value of fixed assets which have been purchased with unrestricted funds. This reserve is locked into the value of fixed assets and the value can be released only if they are sold.

RISK MANAGEMENT

Emmaus Hampshire’s approach to risk management is designed to ensure that it remains alert to those external and internal factors that could affect its ability to operate effectively, or even at all. The work of establishing the risks facing Emmaus Hampshire and ensuring suitable mitigating action is being taken is reviewed regularly by the Management and Trustees. Further information on risk management can be found in the Trustees’ Statement on Governance.

FUTURE PLANS & DEVELOPMENTS

To support the delivery of our new strategic plan which was developed for 2023-2027, we aim in the next 12 months to -:

AND FINALLY.

The Board of Trustees of Emmaus Hampshire would like to congratulate ail the Companions for their remarkable success in 2025 and for the fortitude and flexibility that they have exhibited. Their compassion and empathy for their fellow Companions has been outstanding and their desire to see their social enterprise flourish is something to behold.

The Trustees value the amazing contribution made by all our Volunteers who continue to give their time and expertise to support the community and our fundraising and support plans.

The Trustees also wish to recognise the leadership of the management team and express their appreciation for the dedication and professionalism of all staff members. They have guided and supported the Companions to such remarkable success in 2025, maintaining a positive can-do approach, responding to every new challenge with a supportive team approach.

This report, incorporating the Strategic Report, was approved by the Board of Trustees in their capacity as Company directors on the 20% November 2025 and si \ on their behalf by ‘ ‘ \bo Whe JohnChair McKennaof Trustees Bt

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EMMAUS HAMPSHIRE TRUSTEES’ STATEMENT ON GOVERNANCE FOR THE YEAR ENDED 30 JUNE 2025

Governance

The Charity is governed by its Memorandum and Articles of Association adopted on 7th June 1999. In order to more closely align the objectives of Emmaus Hampshire with the wider EUK Emmaus community the Trustees amended the memorandum and articles of Association by special resolution on 23 June 2022. These amendments were approved by the Charity Commission and registered by Companies House on 15" September 2022. The Board of Trustees is responsible for the overall governance of the Charity and meets at least four times a year. The Chief Executive (CEQ) is responsible for the day-to-day management of the Charity’s affairs and for implementing policies agreed by the Trustees.

Trustee Selection, Induction and Appraisal

Under the Charity’s Articles and Memorandum of Association the Trustees may at any time co-opt any person duly qualified to be appointed as a Trustee to fill a vacancy in their number or as an additional Trustee. In seeking potential appointees, the Board look for individuals who are appropriate to the skills and experience needed by the board and reflect the work of the Charity in pursuit of its charitable purposes.

At each Annual General Meeting one-third of the Trustees, or the number nearest to one-third, must retire from office. The Trustees to retire by rotation shall be those who have been longest in office since their last appointment. Any co-opted Trustee holds office only until the next AGM when they may be re-appointed. The minimum number of Trustees is 3 and there is no limit to the number of Trustees or to how many times a Trustee may be appointed.

Induction and training of new Trustees includes providing them with copies of the charity’s governing documents and Trustee Manual as well as “The Essential Trustee: What you need to know” (Charity Commission publication CC3). Trustees are hopefully familiar with the work of the charity already but any extra information necessary is provided, and they will be shown around the principal office and introduced to the staff.

New Trustees are required to declare in writing any existing or potential conflicts of interest.

Statement of Trustees’ Responsibilities and Corporate Governance

The Trustees are responsible for their annual report and for the preparation of financial statements for each financial year in accordance with applicable law and United Kingdom Accounting Standards.

Company and Charity law require 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 which give a true and fair view of the incoming resources and application of those resources of the Charity for that year, and of the state of affairs as at the end of the financial year.

In preparing these statements, the Trustees are required to select suitable accounting policies, as described in the financial statements, and then apply them on a consistent basis, making judgements and estimates that are prudent and reasonable and conform to the methods and principles of the Charities SORP. The Trustees must also prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Charity will continue.

The Trustees have overall responsibility for ensuring that the Charity has appropriate systems and controls, financial and otherwise. They are also responsible for ensuring that the Charity keeps proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable the financial statements to comply with Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and for their proper application as required by Charity law, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities and to provide assurance that:

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EMMAUS HAMPSHIRE

TRUSTEES’ STATEMENT ON GOVERNANCE

FOR THE YEAR ENDED 30 JUNE 2025

¢ — There is no relevant information of which the Charity’s independent examiners are unaware; and

internal controls over all forms of commitment and expenditure continue to be refined to improve efficiency. Processes are in place to ensure that performance is monitored and appropriate management information is prepared and reviewed regularly by both the executive management and the Trustees. The systems of internal controls are designed to provide reasonable but not absolute assurance against materia! misstatement or loss. They include: * Regular consideration by the Trustees of financial results and non-financial performance indicators; e Delegation of day-to-day management authority and segregation of duties: and

Risk Management

Serious risks can have a major impact on the ability of a charity to fulfill its charitable aims causing disruption to the business or, at the most extreme, cause significant financial loss. The Board of Trustees are responsible for the overall running of the charity and need to be aware of the risks to the business and the processes that are in place to mitigate them. Risk assessment provides a framework for the Board of Trustees of Emmaus Hampshire to identify potential risks to which the organisation is exposed and how these can be and are being mitigated.

The Trustees have a formal risk management process to assess risks and to implement risk management strategies. A risk assessment is carried out by the Chief Executive on behalf of the Trustees, and then reviewed by the Trustees. Risks are identified and assessed for impact and probability and an action plan to control the major risks is prepared.

The risk analysis covers four major areas: compliance, financial, operational and macroeconomic. Failure to comply with any of the degislation covering the charity would have serious implications; the Trustees have a close working relationship with the charity's legal and professional advisors to help mitigate this risk. \ This statement ong erfance was approved by the Board of Trustees in their capacity as Company directors on the 20" November 2025 and signed on their behalf by John McKenna \ A ; \KE a \ \ Chair of Trustees \“ Bliles \ 9

EMMAUS HAMPSHIRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EMMAUS HAMPSHIRE

Independent Examiner's Report to the Trustees of Emmaus Hampshire

! report to the charity trustees on my examination of the accounts of the company for the year ended 30 June 2025 which are set out on pages 11 to 22.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

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

Independent examiner's statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | am a member of The Association of Chartered Certified Accountants (ACCA), which is one of the listed bodies.

| have completed my examination. | 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 in respect of the company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. 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

  3. 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 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of ireland (FRS 102).

| 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.

Jon Noble FCCA

For and on behalf of Azets Audit Services

Gateway House

Tollgate Chandlers Ford ‘

Southampton $053 3TG

pate: 24 Decouha, wes

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EMMAUS HAMPSHIRE STATEMENT OF FINANCIAL ACTIVITIES (including the Income and Expenditure account)

FOR THE YEAR ENDED 30 JUNE 2025

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Note|UnrestrictedFunds|RestrictedFunds|FundsTotal|FundsTotal| |INCOME|2025|2025|2625|2024| |Incoming|[Resources]|£|£|£|£| |Donations,|grants|and|legacies|140,211|33,759|173,970|159,534| |Incoming|resources|from|charitable|activities|3|818,149|-|818,149|836,737| |{Investment income|4|5,100|5,100|6,084| |TOTAL INCOMING|RESOURCES|963,460|33,759|997,219|1,002,352| |RESOURCES|EXPENDED| |Costs|of generating|voluntary|income|50,211|50,211|43,687| |Charitable|activities|932,865|45,488|978,353|946,681| |TOTAL RESOURCES EXPENDED|5|983,076|45,488|1,028,564|990,368| |NET MOVEMENT|IN FUNDS|FOR YEAR|(19,616)|(11,729)|(31,345)|11,984| |RECONCILIATION|OF|FUNDS:| |TOTAL FUNDS AT|1|JULY 2024|1,307,734|1,713,109|3,020,843|3,008,859| |TOTAL FUNDS AT 30 JUNE|2025|1,288,118|1,701,380|2,989,498|3,020,843|

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There are no gains or losses other than those shown in the Statement of Financial Activities above.

The figures for ‘Total Resources Expended’ above do not include expenditure on capital items. During the year ended 30 June 2025 capital expenditure was £66,285 (2024 - £44,391) and this is shown in the movements in fixed assets under note 6. There were no acquisitions of other undertakings during the accounting year and all operations were classed as continuing.

The notes on pages 14 to 22 form part of these financial statements.

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ENMIMAUS HAMPSHIRE

BALANCE SHEET AS AT 30 JUNE 2025

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|||||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Note|2025|2024| |£|£|£|g| |FIXED|ASSETS| |Tangible|assets|6|2,692,426|2,683,668| |CURRENT|ASSETS| |Debtors|7|15,338|56,388| |Cash|at bank and in hand|373,639|407,430| |388,977|463,818| |LIABILITIES| |Amounts|falling|due|within|one|year|=|8|(91,905)|(126,643)| |NET CURRENT ASSETS|297,072|337|175| |LIABILITIES| |Amounis|failing|due|after|one|year|-|-| |NET ASSETS|2,989,498|3,020,843| |THE|FUNDS|OF|THE|CHARITY| |RESTRICTED|FUNDS|9|1,701,380|1,713,109| |UNRESTRICTED|FUNDS| |Designated|funds|1|998,046|977,559| |General|reserve|290,072|330,175| |1,288,118|1,307,734| |TOTAL|CHARITY|FUNDS|2,989,498|3,020,843| |For the financial year ending|30 June 2025 the charity was|entitled to exemption|from|audit under section 477|of the Companies Act 2006| |relating|to|small|companies.|The|members|have|not|required|the|company|to|obtain|an|audit|of|its|financial|statements|for|the|year|in| |question|in|accordance|with|section|476.| |The|directors|acknowledge|their|responsibilities|for complying with the|requirements|of the Act|with|respect to accounting|records|and the| |preparation|of financial|statements.| |Approved by the Trusteef.on Von|QBs VE| |na| |John|McKenna| |Trustee| |Company|registration|nufmbet:|03783294| |“The|notes|on pages|14 to|22 form|part of these financial|statements.|

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EMMAUS HAMPSHIRE CASH FLOW STATEMENT

YEAR ENDED 30 JUNE 2025

CASH FLOWSTATEMENT 2025 2024
Note Year Year
Cashflowsfromoperating activities £ £
Net cash provided byoperating activities A 49,883 35,748
Cash flows from investing activities
Interest receivable 5,100 6,081
Proceeds ofsale of fixed assets 350 12,012
Purchase offixed assets (66,285) (44,391)
(60,835) (26,298)
Cash flows from financing activities
Repayment ofborrowings (22,839) (25,521)
Change in cash and cash equivalents intheyear (33,791) (16,071)
Cash and cash equivalents brought forward 407,430 423,501
Cash and cash equivalents carried forward B 373,639 407,430
A
RECONCILIATION OF NET INCOME TO
CASH FLOWFROM OPERATING ACTIVITIES £ £
Net surplus/(deficit) as perSOFA (31,345) 11,984
Depreciation charges 57,205 49,707
Gain on disposal offixed assets (29) (5,744)
Interest receivable (5,100) (6,081)
(Increase) /decrease in debtors 41,050 (35,092)
(Decrease) / increase in creditors (11,898) 20,974
49,883 35,748
B
ANALYSIS OFCASHAND CASH EQUIVALENTS
£ £
Cashinhand 373,639 407,430

The notes on pages 14 to 22 form part of these financial statements.

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EMMAUS HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

  1. ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the financial statements. a) Basis of preparation of financial statements The financial statements of the charitable company, which is a public benefit entity, have been prepared on a going concern basis and under the historical cost convention. They comply with the Statement of Recommended Practice (SORP) FRS 102, ‘Accounting and Reporting by Charities’ issued in October 2019 together with the reporting requirements of the Financial Reporting Standard applicable in the UK (FRS 102) (issued in October 2019) and the Companies Act 20086. 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.

  2. b) Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, which are described in this note, Trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered 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 if the revision affects only that period. Significant areas of estimate and judgement include the remaining useful life of assets and valuation of gifts in kind. The principal accounting policies adopted, and judgements are noted below.

d) Income Income from donations, sales, housing benefit and other sources is recognised on an accruals basis and included in the SOFA when the Charity is entitled to the income, when receipt is probable and when it can be measured reliably,

Gifts in kind are recognised in different ways dependent on how they are used by the charity: (i) Those donated for resale produce income when they are sold. They are vaiued at the amount actually realised. (ii) Those donated for onward transmission to beneficiaries are included in the statement of financial activities as incoming resources and resources expended when they are distributed. They are valued at the amount the charity would have had to pay to acquire them. (iii) Those donated for use by the charity itself are included when receivable. They are valued at the amount the charity would have had to pay to acquire them. {iv) The contribution of volunteers is excluded from the SOFA as the value of their contribution to the Charity cannot be reasonably quantified in financial terms. Incoming resources from tax reclaims are included in the statement of financial activities at the same time as the gift to which they relate. Income from charitable activities includes income recognised as earned.

f) Resources expended Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

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ENMAUS HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

f) Resources expended (cont)

Cost of generating funds

Costs of generating funds are the costs associated with attracting voluntary income.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, staff costs by the time spent and other costs by their usage. Governance costs

Governance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.

g) Fixed Assets

The cost of tangible fixed assets includes those costs which are directly attributable to purchasing the assets and bringing them into working condition. The charity capitalises refurbishment costs and any associated capital expenditure where such work provides new facilities (once brought into use). Normal repairs and maintenance costs are taken to revenue in the year of expenditure.

Depreciation is provided at the following rates to write off the cost of Emmaus Hampshire’s fixed assets over their estimated useful economic lives: -

Leasehold Property 1% straight line basis Furniture, Fixtures and Equipment, including computer equipment 33% straight line, 10% straight line and 25% reducing balance Motor vehicles vehicles 25% reducing balance

Motor vehicles vehicles

Emmaus Hampshire’s capitalisation policy is to transfer to the balance sheet only capital assets with a value in excess of £1,000.

h) Fund Accounting

Funds held by the charity are:

Unrestricted funds — consists of the general fund and any designated funds. The general fund represents funds held by the charity which can be used in accordance with the charitable objects at the discretion of the trustees and which have not been designated for other purposes. Designated funds represent funds that have been earmarked by the Trustees for specific purposes and therefore held separately from general unrestricted funds. Restricted funds — these are funds that can only be used for the particular restricted purposes which have been imposed by the donor or which have been raised by the charity for particular purposes.

i) Financial instruments The charity has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost using the effective interest method. Financial assets measured at amortised cost comprise of cash at bank and in hand with trade and other debtors excluding prepayments.

Financial liabilities measured at amortised cost comprise all creditors excluding deferred income and tax and social security balances outstanding at year end.

15

EMMAUS HAMPSHIRE

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

2. COMPARATIVE FIGURES

Incoming[Resources] Donations Incoming resources from charitable activities Investment income

Total incoming resources

Resources Expended Costs of generating voluntary income Charitable activities

Total resources expended

NET INCOMING/(OUTGOING) RESOURCES BEFORE TRANSFERS Gross transfers between funds

NET MOVEMENT IN FUNDS FOR YEAR

  1. INCOME FROM CHARITABLE ACTIVITIES

Sales of donated goods Income from housing & support

4, INVESTMENT INCOME

Interest receivable

Unrestricted Restricted Totai
Funds Funds Funds
2024 2024 2024
£ £ £
139,534
836,737
6,081		 20,000 159,534
836,737
6,081
982,352 20,000 4,002,352
43,687
907,300		 -
39,381		 43,687
946,681
950,987 39,384 990,368
31,365 (19,381) 11,984
7,251 (7,251)
38,616 (26,632} 11,984
Unrestricted Restricted Total Total
Funds Funds 2025 2024
Year Year Year Year
£ £ £ £
460,799 - 460,799 505,961
357,350 - 357,350 330,776
818,149 818,149 836,737
Unrestricted Restricted Tota! Total
Funds Funds 2025 2024
Year Year Year Year
£ £ £ £
5,100 5,100 6,081

16

EMMAUS HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE‘2025

§. TOTAL RESOURCES EXPENDED

Activities Support Totai Total
directly Costs 2025 2024
undertaken
£ £ £ £
Expenditure on Raising Funds
Fundraising 28,720 21,491 50,211 43,687
Total Cost of Raising Funds 28,720 21,491 60,2141 43,687
Charitable Expenditure
Housing & Support 467,669 108,431 576,100 551,597
Social enterprise 300,778 101,475 402,253 395,084
Total Charitable Expenditure 768,447 209,906 978,353 946,681
TotalResourcesExpended 797,167 231,397 1,028,564 990,368

The average number of paid persons employed by Emmaus Hampshire during the year was as follows:

Staff Numbers
2025 2024
Year Year
8 8
The costs ofthese staffwere as follows: 2025 2024
Year Year
£ E
Wages and Saiaries 291,602 286,071
Social Security 23,418 24,554
Pensions 25,694 27,666
340,714 338,291

The number of employees who were paid salary and emoluments between £60,000 - £70,000 in the year was 1 (2024 — 1).

The Trustees received no remuneration for their services as Trustees during the year

17

EMMAUS HAMPSHIRE

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

5 TOTAL RESOURCES EXPENDED (Continueg)

Analysis of Support Costs
Support cost Raising
funds
£		 Housing&
support
£		 Sacial
enterprise
£		 Total
2025
La		 Total
2024
£		 Basis ofallocation
Governance 642 2,889 2,889 6,420 21,785 Percentage oftime spent on each activity
Finance & {T 1,021 16,632 9,676 27,329 32,325 Usage by direct expenditure
Facilities - 29,427 29,427 58,854 54,720 By area, basedonarea employed on activity
Human resources and
administration		 19,828 59,483 59,483 138,794 129,295 Percapita, based on number ofpeople employed on activity
Activity total 2025 21,491 108,431 101,475 231,397
Activity total 2024 21,627 112,034 104,464 238,125
2025 2024
Year Year
Total audit/independent examiners’ remuneration is made up as follows: £ £
Auditor's fees 15,500
Examiner'sfees 8,250 -

18

EMMAUS HAMPSHIRE

‘

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

6. TANGIBLE FIXED ASSETS

Cost Opening Closing
Balance Additions Disposais Balance
£ £ £ £
Long leasehold and other interests in land and buildings 3,331,715 4,709 - 3,336,424
Furniture, fixtures and equipment 24,502 30,741 - 55,243
Wellbeing Centre 3,952 16,075 - 20,027
Motor vehicles 53,929 14,760 (10,508) 58,181
3,414,098 66,285 (10,508) 3,469,875
Depreciation Opening Charge for On Closing
Balance Year Disposals Balance
£ £ £ £
Long leasehold and other interests in land and buildings 709,064 39,996 - 749,060
Furniture, fixtures and equipment 6,386 5,585 - 11,971
Wellbeing Centre - - -
Motor vehicles 14,979 11,624 (10,186) 16,417
730,429 57,205 (10,186) 777 A448
NetBook Value Opening Closing
Balance Balance
£ £
Long leasehold and other interests in land and buildings 2,622,651 2,587 364
Furniture, fixtures and equipment 18,116 43,272
Wellbeing Centre 3,952 20,027
Motorvehicles 38,949 41,763
2,683,668 2,692,426
DEBTORS 2025 2024
£ £
Otherdebtors 7,856 5,611
Prepayments 7,482 50,777
15,338 $6,388
  1. DEBTORS Other debtors Prepayments

19

EMMAUS HAMPSHIRE NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

  1. CREDITORS (amounts due within one year)
CREDITORS (amounts due within one year)
2025 2024
£ £
Trade creditors 43,826 36,000
Taxation and Social Security 4,661 6,636
Other creditors 14,669 26,978
Accruals and deferred income 28,749 57,029
$1,905 126,643

included in other creditors is a balance of £nil (2024 - £22,600) repayable by instalments of £27,000 including interest per annum. This balance was paid in full in the year ended 30 June 2025. interest was charged on the loan at 7% per annum.

9. RESTRICTED FUNDS Balance Incoming Balance
1 July 2024 Resources Expenditure 30 June 2025
£ £ £ £
Building Fund 1,225,196 - (28,156) 1,197,040
Extension Fund 70,269 - (1,256) 69,013
Training Fund 6,092 7,709 (6,110) 7,691
Project40@20 (Incorporating Building fund 2018) 312,305 1,050 (2,717) 310,638
Repairshop 79,247 - (7,249) 71,998
Wellbeing Centre 20,000 25,000 - 45,000
1,713,109 33,759 (45,488) 1,701,380

Where donations are received for particular items of expenditure, such amounts are credited to Emmaus Hampshire’s restricted funds. Expenditure paid directly out of the restricted funds are shown under Expenditure.

Building Fund

Emmaus Hampshire received various donations that were ring-fenced for the construction of the building. In 2009/10 £150,000 was received from Winchester City Council in this respect. Depreciation is charged against this fund.

Extension Fund

Emmaus Hampshire received various donations that were ring-fenced for the extension of the ‘building. Depreciation is charged against this fund.

Training Fund

Emmaus Hampshire received various donations that were ring fenced to provide training for companions.

Project 40@20 (Incorporating Building fund 2018)

Emmaus Hampshire received various donations that were ring-fenced for the development of additional accommodation for

companions.

‘

Repair shop

Emmaus Hampshire received various donations that were ring-fenced for the development of a repair shop. Wellbeing centre Emmaus Hampshire received various donations that were ring-fenced for the development of the wellbeing centre. Depreciation will be charged against this fund once brought into use.

20

EMMAUS HAMPSHIRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

10. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted Restricted Total Total
Funds Funds Funds Funds
2025 2025 2025 2024
£ £ £ £
Tangible fixed assets 991,046 1,701,380 2,692,426 2,683,668
Net current assets 297,072 297,072 337,175
Long term liabilities
Total netassets 1,288,118 1,701,380 2,989,498 3,020,843
DESIGNATED FUNDS
Balance at Designated Utilised Balance at
1 July in in 30 June
2024 Year Year 2025
£ £ £ £
Fixed asset fund 970,559 20,487 - 991,046
ITfund 7,000 - 7,000
Totaldesignatedfunds 977,559 20,487 998,046

11. DESIGNATED FUNDS

The fixed asset fund represents the net book value of the tangible fixed assets held for charitable purposes less any restricted funds held for assets. Since this fund represents existing fixed assets it cannot be converted easily into cash and therefore cannot be used to fund other activities.

The IT fund represents money set aside by the Trustees towards the finance of planned major improvements to information and communication systems to ensure the Charity’s systems remain up to date and fit for purpose.

12. CONTINGENT LIABILITIES

In the event of the Winchesier building no longer being used by Emmaus Hampshire for the charitable purpose for which it was constructed A2 South Limited have the option to purchase the building at its market value.

13. FUTURE COMMITMENTS

Emmaus Hampshire entered into a 125 year lease on the fand in which the community building is situated on which a peppercorn rent is payable.

A2 South Limited hold a 60 year underlease for the residential part of the building for which no rent is due to Emmaus Hampshire for the full term of the lease.

21

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

14. TAXATION STATUS

Emmaus Hampshire is a registered charity and no Corporation Tax is payable on its charitable income.

Emmaus Hampshire is registered for VAT and expenditure is shown exclusive of VAT where reclaimable.

15. SHARE CAPITAL

Emmaus Hampshire has no share capital and is limited by guarantee. The liability of each member in the event of a winding up, as stated in the Memorandum and Articles of Association, is limited to £1

16. CONTROLLING PARTY

Emmaus Hampshire is controlled by the Trustees.

17. RELATED PARTY TRANSACTIONS

During the year there were trustees expenses totalling Eni! (2024 - £nil) for one trustee during the period.

22