Registered Number: 03924322 Charity number: 1080391
EMMAUS BOLTON (A Company Limited by Guarantee)
TRUSTEES REPORT AND FINANCIAL STATEMENTS For the Year Ended 30 JUNE 2025
EMMAUS BOLTON (A Company Limited by Guarantee)
CONTENTS
| Page | |
|---|---|
| Trustees' Report | 1 - 7 |
| Independent Examiners Report | 8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10 |
| Cash flow statement | 11 |
| Notes to the Financial Statements | 12 - 25 |
1
EMMAUS BOLTON
Report of the trustees for the year ended 30[th] June 2025
The trustees present their annual directors’ report and financial statements of the charity for the year ended 30[th] June 2025 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Objectives and activities
The purposes of the charity are the alleviation and relief of poverty, hardship, and distress to those in need.
Emmaus exists to provide homeless people (known in Emmaus as “Companions”) with an opportunity to participate in the social enterprise on site, gain new qualifications, accommodation and the chance to regain their self-respect and to pursue their lives in the community or in the outside world.
The trustees are satisfied that, in carrying out its activities, Emmaus Bolton is providing a clear public benefit and is meeting its objectives.
Public benefit
The trustees confirm that they have referred to the Charity Commission’s guidance on public benefit when reviewing the charity’s aims and objectives, in planning future activities, and setting the policies for the year.
A review of our achievements and performance
From July 2024 to the end of June 2025 we welcomed 5 new companions and saw 3 companions move on to independent accommodation. With on average 18 companions in our 22 rooms this has allowed other rooms to be improved.
We reroofed substantial areas of the buildings, as both pitched roof and flat roof failures were causing extensive water damage internally. This was made possible by our staff team successfully securing grant funding and donations to cover the costs. The reroofing has significantly reduced heat loss throughout the buildings and created a much more welcoming environment.
Government grant funding also enabled us to install a solar panel array on the garage roof meeting all our daytime electricity needs, and reducing our carbon footprint.
The new Supported Housing Act was a focus for us, underpinned by our Companion Relationship Management (CRM) system, review of policies and the use of our new risk management software, RiskProof. To prepare for challenges and opportunities that lie ahead the trustees agreed to a new Administrator role within the staffing structure and Ian Holden started in post in February. Ian joined our CEO, Tony Stephenson, Community Manager, Lisa Mason, and wider staff team including Buildings and Maintenance Manager, Workshops
2
EMMAUS BOLTON
Manager, Chef and two Drivers in supporting our companions and the Emmaus Bolton community. To the Trustees’ delight, Tony won the Founder’s Award at the EUK National Assembly in 2024.
Trustees moved to monthly meetings during the year, one of which was attended by Charlotte Talbott, CEO of Emmaus UK and Jill Garner, Chair of Emmaus UK to discuss our journey as trustees, the Emmaus Bolton community and new Governance Toolkit.
The AGM attended by trustees, Charlotte Talbott and Jill Garner of Emmaus UK, held in January 2025 received a presentation on the successes and sustainability impact of the year to June 2024 including increased sales of £436,882, a consolidated deficit of £19,300 and 6280 hours given by our dedicated volunteers.
Working together closely trustees created a vision for the future at a Strategy Session in March 2025; attended Essential Trustee training provided by Bolton CVS; signed Trustee Role Profiles; agreed Our Values and Behaviours; undertook a Skills Audit and had one-to-one meetings with the Chair. A new governance and Board structure was agreed including a Finance, Fundraising and Audit Sub-Committee and People, Equality and Risk SubCommittee. Also approved were new role profiles for the Chair, Vice Chair and Company Secretary, Chairs of the Sub-Committees, Communications Lead, Safeguarding Lead, Health and Safety Lead and Partnerships Lead. In April 2025 Carole Whewell was appointed as Vice Chair, and the trustees thanked George Almond, the outgoing Deputy Chair, for his longstanding service in the role.
Trustees Phil Glanvill, Sue Green and Naomi Richardson and former Chair, Roger Speare, resigned during the year after providing invaluable support to Emmaus Bolton. After proactive recruitment and selection interviews we appointed the successful candidates Ben Johnson Lewis, Daniel Kazmi and Joe McDade as trustees.
Our 20[th] year was celebrated on 18 May with afternoon tea and many visitors.
In summary the year has been important in building new foundations including our approach to risk, creating a risk register, agreeing delegated authorities, managing our finances and financial reporting, and commencing the review of our Articles of Association to ensure their relevance. Trustees agreed to move to six board meetings a year with two sub-committee meetings every other month from November 2025.
Financial review
The results of the individual charity’s activities are shown in the Statement of Financial Activities on page 8 of the accounts, showing net expenditure of £23,204 across all funds. However, taking into account the result for that year of its operating subsidiary, Ecostore Limited, the consolidated net expenditure for the group was £23,204 across all funds. The consolidated total funds of the group at year end were £544,964.
The reserves policy is under regular review as the activities of the charity develop and the scale of the operation grows. The aim is to build sufficient free reserves to cover 3 to 6 months of operating costs, in the unlikely event that our income streams should cease.
3
EMMAUS BOLTON
At the year end the consolidated free reserves of the charity and its operating subsidiary stood at £488,699. Although this remains below target, we are confident that the charity can achieve a level of free reserves within the target range over the next few years.
The trustees assess on an ongoing basis the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. Such systems include RiskProof, which went live towards the end of the last financial year. Also, the Finance Sub-Group looks at issues specifically relating to our business and property, meeting regularly and reporting to the full Board.
Investment powers and policy
Our funding comes from a variety of sources including accommodation charges, sales of donated goods, grants and donations from other charities. Under the Memorandum and Articles of Association, the charity has the power to invest in any way the trustees wish. The trustees, having regard to liquidity requirements of the charity and to the reserves policy, have operated a policy of keeping available funds in an interest-bearing deposit account which has achieved a rate of deposit interest which matches or exceeds inflation.
Reserves policy and going concern
The balance held in reserves at 30[th] June 2025 was £399,142 of which £88,507 are free reserves, after allowing for funds tied up in fixed assets.
The trustees regularly review the charity’s reserves policy. During the financial years, reserves have improved consistently and, although the figures have not necessarily remained at the target level, the trading figures show a marked improvement, strengthening the general performance.
The policy of actively encouraging companions into employment and independent living, although slow, has worked with a number of success stories. Companion numbers decreased during the year due to rooms needing improvement and nominations being lower than usual.
The trustees are confident that the system is working well and that the reserves are at a safe operational level.
The trustees are aware of the need to maintain a strong reserves policy. A rigorous review of expenditure has been undertaken and is maintained during the day-to-day operation of the charity. Staff are alert to the need to be financially prudent in a difficult financial climate. Financially cautious management is the order of the day, mindful of the need to ensure that reserves are preserved.
Risk management
The Charity is risk averse in all its activities. Staff all complete training in all areas of managing risk. The Charity adheres to the standards required by Emmaus UK and takes every step possible to ensure the smooth and efficient running of the organisation.
4
EMMAUS BOLTON
Plans for Future Periods
We will continue to focus on delivering the requirements of the Supported Housing Act, helping companions to move to independent living when they are ready, by increasing the support we provide and updating our services to reflect companions’ aspirations.
Our biennial survey of companions, volunteers, staff and trustees will give us valuable information about the progress we are making, and what further actions we need to take. Cocreating service with companions will be explored as will improved communications with all our stakeholders to ensure that the local community and our supporters engage with us and celebrate our successes with us.
We will recruit trustees with HR and legal skills and put into place succession plans for the three trustees with more than 9 year’s tenure.
Structure, governance, and management
Emmaus Bolton is a company limited by guarantee, number 03924322, governed by its Memorandum and Articles of Association dated 4[th] June 2000. It registered as a charity with the Charity Commission, number 1080391, on 19[th] April 2000.
In the event of being wound up, trustees are required to contribute an amount not exceeding £1. The Memorandum and Articles of Association prohibit distribution of any surpluses other than to Emmaus UK.
The company has a wholly owned subsidiary, Ecostore Limited, which is incorporated in England and Wales. The subsidiary operates commercial activities related to the Charity and any profit is gifted to Emmaus Bolton.
Appointment of trustees
As set out in the Articles of Association trustees are elected annually by the members of the charitable company attending the Annual General meeting. The trustees retire by rotation and the board has an agreed procedure for the appointment of trustees, and all are appointed following open advertisement and interview.
Trustee induction and training
As part of their induction, new trustees are provided with information about the charity, the management structure, its history and working practices. In addition they are also provided with copies of the Memorandum and Artiles of Association plus information from the Charity Commission and Companies House regarding the duties and responsibilities of directors and trustees.
Organisation
A scheme of delegation is in place and day to day responsibility for the provision of services rest with the management team, led by the CEO, which reports to the Board of Trustees.
The Board of Trustees meets on a regular basis.
5
EMMAUS BOLTON
Related parties and co-operation with other organisations
None of our trustees receive remuneration or other benefit from their work with the charity. Any connection between a trustee or senior manager with any service providers must be disclosed to the full board of trustees in the same way as any other contractual relationship with a related party.
Reference and administrative information
Company and Charity Name: Emmaus Bolton Charity Number: 1080391 Company Registration Number: 03924322
Directors and trustees
The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows:
Key management personnel: Trustees and Directors
Mr RL Speare (resigned July 2024) Mr PM Glanville (resigned October 2024) Mrs J Blunsdon Ms N Richardson (resigned December 2024) Mr JR Webbe Mr D Gornall Mr GH Almond Mr C Kelly Mrs CA Whewell Mrs C Seaborn Mrs SJ Green (resigned December 2024) Mr BTF Johnson-Lewis (appointed June 2025) Mr DA Kazmi (appointed June 2025) Mr J McDade (appointed June 2025) Mrs RJ Sumner (appointed November 2025)
Senior managers
Mr T Stephenson CEO Miss L Mason Community Manager Mr K Dummett Buildings and Maintenance Manager Mr P Urmston Workshops Manager
Registered Office
Derby Barracks Fletcher Street Bolton BL3 6NF
6
EMMAUS BOLTON
Independent Examiners (2025)
Hilton-Jones t/a Community Accountancy Service Hollinwood Business Centre Albert Street Oldham OL8 3QL
Independent Examiners (2024)
Barlow Andrews LLP Carlyle House 78 Chorley New Road Bolton
Bankers
CAF Bank 25 Kings Hill Avenue West Malling Kent ME19 4JQ
The Charity Bank Limited Fosse House 182 High Street Tonbridge TN9 1BE
Co-op Bank 1 Balloon Street Manchester Hoot Credit Union The Square 53-55 Victoria Square Bolton BL1 1RZ
7
EMMAUS BOLTON
Trustees’ responsibilities in relation to the financial statements
The charity trustees (who are also the directors of Emmaus Bolton for the purposes of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements, the trustees are required to:
-
Select suitable accounting principles and then apply them consistently;
-
Observe the methods and principles in the applicable Charities SORP;
-
Make judgments and estimates that are reasonable and prudent;
-
State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
-
Prepare the financial statements on a going concern basis unless it is appropriate to presume that the charity will not continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
By order of the board of trustees
Mrs C Seaborn Trustee
Date: 22[nd] January 2026
8
Independent examiner’s report to the trustees of EMMAUS BOLTON
I report on the accounts of the company for the year ended 30[th] June 2025, which are set out on pages 9 to 25.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity is required by company law to prepare accrued accounts and I am qualified to undertake the examination by being a qualified member of The Association of Chartered Certified Accountants.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act ;
-
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements
-
to keep accounting records in accordance with section 386 of the Companies Act 2006; and
-
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006, ; and
-
with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
James Hilton Jones FCCA
Hilton-Jones t/a Community Accountancy Service Hollinwood Business Centre, Albert Street, Oldham OL8 3QL
Date: 22[nd] January 2026
EMMAUS BOLTON
(A Company Limited by Guarantee)
9
STATEMENT OF FINANCIAL ACTIVITIES
(incorporating an Income and Expenditure Account)
For The Year Ended 30 June 2025
| Further Details INCOME FROM: Donations and legacies (3) Charitable Activities (4) Investment Income (5) TOTAL INCOMING RESOURCES EXPENDITURE ON: Costs of Raising Funds (6) Charitable Activities (7) TOTAL RESOURCES EXPENDED NET INCOME / (EXPENDITURE) RECONCILIATION OF FUNDS: Brought forward Transfers between funds Carried forward (16) |
Total Funds Total Funds Unrestricted Funds Restricted Funds 2025 2024 £ £ £ £ 135,698 3,000 138,698 28,766 511,587 324,525 836,112 609,323 5,939 - 5,939 6,607 |
|---|---|
| 653,224 327,525 980,749 644,696 |
|
| 295,619 275,285 570,904 350,193 361,776 71,273 433,049 374,592 |
|
| 657,395 346,558 1,003,953 724,785 |
|
| . (4,171) (19,033) (23,204) (80,089) 403,313 75,300 478,613 558,702 - - - - |
|
| 399,142 56,267 455,409 478,613 |
The figures shown above are those of the charity as an individual entity. However, it also has an operating subsidiary which had a surplus of zero for the year. The consolidated net expenditure of the two entities as a group was £23,204 for the year across all funds.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 12 to 25 form part of these financial statements.
EMMAUS BOLTON
(A Company Limited by Guarantee)
10
BALANCE SHEET
As at 30 June 2025
Company Registration Number: 03924322
| Notes Fixed assets: Tangible assets (10) Investments (11) Total fixed assets Current assets: Stocks (11) Debtors (12) Cash at Bank & in Hand Total current assets Liabilities: Creditors: Amounts falling due within one year (13) Total assets less current liabilities Total net assets or liabilities The funds of the charity: Restricted income funds (16) Unrestricted income funds (16) Total charity funds |
2025 2024 £ £ 363,767 373,445 2 2 |
|---|---|
| 363,769 373,447 |
|
| 21,487 19,723 10,699 23,719 181,188 205,706 |
|
| 213,374 249,148 |
|
| 121,734 143,982 |
|
| 91,640 105,166 |
|
| 455,409 478,613 |
|
| 455,409 478,613 |
|
| 56,267 75,300 399,142 403,313 |
|
| 455,409 478,613 |
For the period in question the company was entitled to the exemption conferred by section 477 of the Companies Act 2006, and that no notice has been deposited under section 476 in relation to its accounts for the financial year; and the directors acknowledge their responsibilities for:
- complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102.
The financial statements were approved and authorised for issue by the Trustees on 22nd January 2026 and signed on their behalf by:
Mrs C Seaborn Trustee
The notes on pages 12 to 25 form part of these financial statements.
EMMAUS BOLTON
(A Company Limited by Guarantee)
11
CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 JUNE 2025
| Cash flows from operating activities Net cash provided by operating activities Cash flows from investment activities: Interest from investments Purchase of property, plant and equipment Net cash applied to investing activities Change in cash and cash equivalents during the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year NET CASH FLOW FROM OPERATING ACTIVITIES Net outgoing resources Depreciation of tangible fixed assets Investment income Decrease/(increase) in stocks Decrease/(increase) in debtors Increase/(decrease) in creditors Net cash provided by operating activities |
2025 2024 £ £ 26,084 68,799 5,939 6,607 (56,541) (2,155) |
|---|---|
| (50,602) 4,452 |
|
| (24,518) 73,251 205,706 132,455 |
|
| 181,188 205,706 |
|
| 2025 2024 £ £ (23,204) (80,089) 66,219 51,099 (5,939) (6,607) (1,764) (5,643) 13,020 36,776 (22,248) 73,263 |
|
| 26,084 68,799 |
The notes on pages 12 to 25 form part of these financial statements.
EMMAUS BOLTON
(A Company Limited by Guarantee)
12
NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 June 2025
1. GENERAL INFORMATION
Emmaus Bolton is a registered charity operating from Derby Barracks, Fletcher Street, Bolton to provide a Community and support under the worldwide Emmaus model.
The charity is a company limited by guarantee and is incorporated in England and Wales. The address of its registered office is Derby Barracks, Fletcher Street, Bolton. The trustees consider the charity to be a public benefit entity.
2. ACCOUNTING POLICIES
2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities' published in 2019, the Companies Act 2006 and Financial Reporting Standard 102 (FRS 102).
The trustees have reviewed the level of reserves available to the charity and consider it appropriate for the charity to prepare its accounts on the going concern basis. The current level of reserves takes into account the risk posed by changes to Housing Benefit and the wider welfare system and introduction of the Supported Housing Act.
2.2 TANGIBLE FIXED ASSETS AND DEPRECIATION
All assets costing more than £500 are capitalised.
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Freehold Land and Buildings | 2% straight line |
|---|---|
| Leasehold Improvements | 5% straight line |
| Motor Vehicles | 25% reducing balance |
| Fixtures and Fittings | 10% straight line |
| Office Equipment | 33% reducing balance |
2.3 COMPANY STATUS
The charity is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
2.4 FUND ACCOUNTING
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. There are 10 restricted funds. Investment income, gains and losses are allocated to the appropriate fund.
EMMAUS BOLTON
(A Company Limited by Guarantee)
13
NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 June 2025
2.5 INCOMING RESOURCES
All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
2.6 RESOURCES EXPENDED
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Emmaus Bolton. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment but not accrued as expenditure.
2.7 FIXED ASSET INVESTMENT
The fixed asset investment in the subsidiary company, Ecostore, Limited, is measured at cost less any accumulated impairment losses, should they arise. The investment is assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses applicable would be recognised in the Statement of Financial Activities for the relevant year.
A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
2.8 DEBTORS
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest rate method, less any impairment.
2.9 EMPLOYEE BENEFITS
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2.10 PENSIONS
Payments to a defined contribution pension scheme are charged as an expense as they fall due. The charity has no liability beyond these contributions.
EMMAUS BOLTON
(A Company Limited by Guarantee)
14
NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 June 2025
2. ACCOUNTING POLICIES (continued)
2.11 CASH AND CASH EQUIVALENTS
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
2.12 FINANCIAL INSTRUMENTS
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised on a transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at an amortised cost using the effective interest method.
2.13 CREDITORS
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest rate method.
2.14 STOCKS
Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to its present location and condition. Items held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost.
2.15 JUDGMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.
(i) Useful economic lives of tangible assets
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See note 12 for the carrying amount of the property, plant and equipment and note 2.2 for the useful economic lives for each class of assets.
(ii) Impairment of debtors
The company makes an estimate of the recoverable value of trade and other debtors.
When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. See note 13 for the net carrying amount of the debtors.
EMMAUS BOLTON
(A Company Limited by Guarantee)
15
NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 June 2025
3. DONATIONS AND LEGACIES
| 3. DONATIONS AND LEGACIES | |
|---|---|
| Donations and Gift Aid: Donations Gift Aid Ecostore Ltd Previous reporting period Donations and Gift Aid: Ecostore Ltd |
Unrestricted Funds Restricted Funds Total Funds Total Funds 2025 2025 2025 2024 £ £ £ £ 35,257 3,000 38,257 - 10,886 - 10,886 - 89,555 - 89,555 28,766 |
| 135,698 3,000 138,698 28,766 |
|
| Unrestricted Funds Restricted Funds Total Funds 2024 2024 2024 £ £ £ 28,766 - 28,766 |
|
| 28,766 - 28,766 |
4. INCOME FROM CHARITABLE ACTIVITIES
| Sales of Donated Goods Rental Income Unrestricted grants: Other Haramead Trust E-Learning Voices Restricted grants: The Peter Kershaw Trust The Dowager Countess Eleanor Peel The 29th May 1961 Charitable Trust Duchy of Lancaster Garfield Weston Emmaus UK - Cadent Environmental Fund Beatrice Laing Trust CRASH Charity Hobson Charity Groundwork The Albert Hunt Trust Manchester Guardian Society The National Lottery WO Street Charitable Foundation |
Unrestricted Funds Restricted Funds Total Funds Total Funds 2025 2025 2025 2024 £ £ £ £ 435,628 - 435,628 436,882 65,559 - 65,559 72,880 - - - 46,691 10,000 - 10,000 - 400 - 400 - - - - 3,000 - 12,500 12,500 - - - - 15,000 - - - 5,000 - 30,000 30,000 - - 46,440 46,440 - - 25,000 25,000 - - 146,745 146,745 - - 7,909 7,909 - - 55,931 55,931 - - - - 10,000 - - - 5,000 - - - 9,870 - - - 5,000 |
|---|---|
| 511,587 324,525 836,112 609,323 |
EMMAUS BOLTON
(A Company Limited by Guarantee)
16
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2025
4. INCOME FROM CHARITABLE ACTIVITIES
| Previous reporting period Sales of Donated Goods Rental Income Unrestricted grants: Other Restricted grants The Peter Kershaw Trust The 29th May 1961 Charitable Trust Duchy of Lancaster The Albert Hunt Trust Manchester Guardian Society The National Lottery WO Street Charitable Foundation |
Unrestricted Funds Restricted Funds Total Funds 2024 2024 2024 £ £ £ 436,882 - 436,882 72,880 - 72,880 46,691 - 46,691 - 3,000 3,000 - 15,000 15,000 - 5,000 5,000 - 10,000 10,000 - 5,000 5,000 - 9,870 9,870 - 5,000 5,000 |
|---|---|
| 556,453 52,870 609,323 |
5. INVESTMENT INCOME
| 5. INVESTMENT INCOME | |
|---|---|
| Bank Interest Previous reporting period Bank Interest |
Unrestricted Funds Restricted Funds Total Funds Total Funds 2025 2025 2025 2024 £ £ £ £ 5,939 - 5,939 6,607 |
| 5,939 - 5,939 6,607 |
|
| Unrestricted Funds Restricted Funds Total Funds 2024 2024 2024 £ £ £ 6,607 - 6,607 6,607 - 6,607 |
EMMAUS BOLTON
(A Company Limited by Guarantee)
17
NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 June 2025
| 6. COSTS OF RAISING FUNDS Stock and other trading purchases Bank Charges Printing, postage & stationery Advertising Depreciation Utilities Insurance Vehicle Running Costs Building Repairs & Maintenance Telephone Miscellaneous Wages & Salaries |
Provision of Services to Homeless Persons Total Funds Total Funds 2025 2025 2024 £ £ £ 75,502 75,502 80,604 1,882 1,882 2,454 1,254 1,254 6,066 14,931 14,931 14,925 23,123 23,123 27,207 10,948 10,948 8,023 5,352 5,352 5,141 16,581 16,581 19,385 275,285 275,285 35,034 1,499 1,499 1,432 - - 8,980 144,547 144,547 140,942 |
|---|---|
| 570,904 570,904 350,193 |
7. EXPENDITURE ON CHARITABLE ACTIVITIES
| 7. EXPENDITURE ON CHARITABLE ACTIVITIES | ||
|---|---|---|
| Notes Building Repairs & Maintenance Depreciation Minor Equipment Medical & Hygiene Contract Labour Rates Solidarity Irrecoverable VAT Health & Safety Utilities Cleaning & Waste Disposal Subscriptions Companions Expenses Governance Costs (8) Wages & Salaries Miscellaneous Staff Training Travel Insurance Support Costs (8) Restricted funds Unrestricted funds |
Provision of Services to Homeless Persons 2025 £ 12,435 43,096 14,635 7,906 1,840 4,595 9,737 13,757 499 32,844 2,797 5,017 116,129 626 144,546 - 629 2,255 5,352 14,354 |
Total Funds Total Funds 2025 2024 £ £ 12,435 3,322 43,096 23,892 14,635 - 7,906 - 1,840 - 4,595 4,373 9,737 - 13,757 - 499 32,844 24,069 2,797 - 5,017 - 116,129 148,010 626 5,912 144,546 140,940 - 8,980 629 - 2,255 5,352 5,142 14,354 9,952 |
| 433,049 | 433,049 374,592 |
|
| 346,558 27,570 657,395 697,215 |
||
| 1,003,953 724,785 |
EMMAUS BOLTON
(A Company Limited by Guarantee)
18
NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 June 2025
8. SUPPORT AND GOVERNANCE COSTS
| 8. SUPPORT AND GOVERNANCE COSTS | |
|---|---|
| Support costs Bank Charges Printing, postage and stationery Computer & Software Legal & Professional Fees Licences & Permits Payroll costs Telephone TOTAL SUPPORT COSTS Governance costs Accountancy fees Book-keeping Independent examination fees TOTAL GOVERNANCE COSTS |
Provision of services to Homeless Persons Total Total 2025 2025 2024 £ £ £ 1,882 1,882 2,454 1,253 1,253 6,066 8,184 8,184 - 601 601 - 540 540 - 396 396 - 1,498 1,498 1,432 |
| 14,354 14,354 9,952 |
|
| (1,774) (1,774) 2,205 1,300 1,300 - 1,100 1,100 3,707 |
|
| 626 626 5,912 |
EMMAUS BOLTON
(A Company Limited by Guarantee)
19
NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 June 2025
9. NET INCOMING RESOURCES/(RESOURCES EXPENDED)
This is stated after charging:
| 9. NET INCOMING RESOURCES/(RESOURCES EXPENDED) This is stated after charging: |
|
|---|---|
| Depreciation of tangible fixed assets owned by the charity Independent examination fees Accountancy fees prior years |
2025 2024 £ £ 66,219 51,099 1,100 - (1,774) 5,912 |
| 66,219 51,099 |
During the year, no trustees received any remuneration or benefits in kind. Expenses reimbursed are disclosed in note 20.
10. STAFF NUMBERS AND COSTS
The average monthly number of employees during the year was as follows:
| 10. STAFF NUMBERS AND COSTS The average monthly number of employees during the year was as follows: |
|
|---|---|
| Management and administration staff Direct charitable staff Wages and Salaries Social Security Costs Pension Costs Charitable activities Support costs |
2025 2024 No. No. 1 - 10 9 |
| 11 9 |
|
| 2025 2024 £ £ 258,355 254,251 19,275 19,236 11,463 8,395 |
|
| 289,093 281,882 |
|
| 289,093 281,882 - - |
|
| 289,093 281,882 |
The charity considers its key management personnel comprises the trustees and 1 (2024: 3) employees. The total employment benefits, including employer pension contributions of the key management personnel were £56,819 (previous year: £131,293). No employee has benefits in excess of £60,000 (previous year: none).
EMMAUS BOLTON
(A Company Limited by Guarantee)
20
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2025
11. TANGIBLE FIXED ASSETS
| Cost At 1 July 2024 Additions At 30 June 2025 Depreciation At 1 July 2024 Charge for Year At 30 June 2025 NET BOOK VALUE At 30 June 2025 At 30 June 2024 12. FIXED ASSET INVESTMENTS Cost At 1 July 2024 Additions At 30 June 2025 Depreciation At 1 July 2024 Charge for Year At 30 June 2025 NET BOOK VALUE At 30 June 2025 At 30 June 2024 13. STOCKS Finished goods and goods for resale 14. DEBTORS Trade Debtors Other Debtors Prepayments |
Freehold Land and Buildings Leasehold Improvements £ £ 339,697 626,930 - 55,930 |
Motor Vehicles £ 72,414 - |
Fixtures and Fittings Total £ £ 142,089 1,181,130 611 56,541 |
|---|---|---|---|
| 339,697 682,860 |
72,414 | 142,700 1,237,671 |
|
| 120,872 515,280 6,294 36,802 |
53,631 4,700 |
117,902 807,685 18,423 66,219 |
|
| 127,166 552,082 |
58,331 | 136,325 873,904 |
|
| 212,531 130,778 |
14,083 | 6,375 363,767 |
|
| 218,825 111,650 |
18,783 | 24,187 373,445 |
|
| 2025 £ 21,487 |
Other Investments £ 2 - 2 - - - 2 2 2024 £ 19,723 2024 £ 10,280 9,615 3,824 23,719 |
||
| 2025 £ 2,244 4,774 3,681 |
|||
| 10,699 |
Debtors and prepayments related to restricted funds £nil and unrestricted funds £10,699.
EMMAUS BOLTON
(A Company Limited by Guarantee)
21
NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 June 2025
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |
|---|---|
| Trade Creditors Amounts Owed to Ecostore Ltd Overdrawn Cuurent Account Other Creditors Social Security and Other Taxes Holiday Pay Accrual Deferred Income Accruals |
2025 2024 £ £ 19,962 25,555 94,594 97,246 442 - 1,658 1,517 3,478 4,555 - - - - 1,600 15,109 |
| 121,734 143,982 |
16. DEFERRED INCOME
2025 £ Deferred income comprises grants and other income that covers a period beyond the year end - Balance as at 1 July 2024 Amount released to income earned from charitable activities - - Amount deferred in year Balance at 30 June 2025 -
EMMAUS BOLTON
(A Company Limited by Guarantee)
22
NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 June 2025
17. STATEMENT OF FUNDS
Analysis of movements in unrestricted funds
| General Funds Designated Funds Total Unrestricted Funds Previous reporting period Analysis of movements in unrestricted funds General Funds Total Unrestricted Funds Analysis of movements in restricted funds The Peter Kershaw Trust The Dowager Countess Eleanor Peel Garfield Weston Emmaus UK - Cadent Environmental Fund Beatrice Laing Trust CRASH Charity Hobson Charity Groundwork Restricted Donations The 29th May 1961 Charitable Trust Duchy of Lancaster The Albert Hunt Trust Manchester Guardian Society The National Lottery WO Street Charitable Foundation Phil Gibbs Estate |
Balance at 1 July 2024 Incoming Resources Resources Expended Transfers Balance at 30 June 2025 £ £ £ £ £ 403,313 653,224 (657,395) - 399,142 - - - - - |
|---|---|
| 403,313 653,224 (657,395) - 399,142 |
|
| Balance at 1 July 2023 Incoming Resources Resources Expended Transfers Balance at 30 June 2024 £ £ £ £ £ 508,702 591,826 (697,215) 403,313 |
|
| 508,702 591,826 (697,215) - 403,313 |
|
| Balance at 1 July 2024 Incoming Resources Resources Expended Transfers Balance at 30 June 2025 £ £ £ £ £ 3,000 - (3,000) - - - 12,500 (12,500) - - - 30,000 (30,000) - - - 46,440 (46,440) - - - 25,000 (25,000) - - - 146,745 (143,612) - 3,133 - 7,909 (7,909) - - 55,931 (2,797) - 53,134 - 3,000 (3,000) - - 15,000 - (15,000) - - 5,000 - (5,000) - - 10,000 - (10,000) - - 5,000 - (5,000) - - 9,870 - (9,870) - - 5,000 - (5,000) - - 22,430 - (22,430) - - |
|
| 75,300 327,525 (346,558) - 56,267 |
EMMAUS BOLTON
(A Company Limited by Guarantee)
23
NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 June 2025
Previous reporting period
| Analysis of movements in restricted funds The Peter Kershaw Trust The 29th May 1961 Charitable Trust Duchy of Lancaster The Albert Hunt Trust Manchester Guardian Society The National Lottery WO Street Charitable Foundation Phil Gibbs Estate |
Balance at 1 July 2023 Incoming Resources Resources Expended Transfers Balance at 30 June 2024 £ £ £ £ £ - 3,000 - - 3,000 - 15,000 - - 15,000 - 5,000 - - 5,000 - 10,000 - - 10,000 - 5,000 - - 5,000 - 9,870 - - 9,870 - 5,000 - - 5,000 50,000 - (27,570) - 22,430 |
|---|---|
| 50,000 52,870 (27,570) - 75,300 |
EMMAUS BOLTON
(A Company Limited by Guarantee)
24
NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 June 2025
17. STATEMENT OF FUNDS (continued)
Purposes of restricted funds:
The Peter Kershaw Trust for roofing repairs The Dowager Countess Eleanor Peel for roofing repairs Garfield Weston for roofing repairs Emmaus UK - Cadent Environmental Fund for roofing repairs Beatrice Laing Trust for roofing repairs CRASH Charity for roofing repairs Hobson Charity for roofing repairs Groundwork for the installation of solar panels. The balance on this fund represents future depreciation Restricted Donations for roofing repairs The 29th May 1961 Charitable Trust for roofing repairs Duchy of Lancaster for roofing repairs The Albert Hunt Trust for roofing repairs Manchester Guardian Society for roofing repairs The National Lottery for roofing repairs WO Street Charitable Foundation for roofing repairs Phil Gibbs Estate for the cost of employing an e-commerce staff member
Purposes of unrestricted funds: Free reserves = £88,507
18. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Tangible fixed assets Investments Cash at bank and in hand Other net current assets/(liabilities) Total Previous reporting period Tangible fixed assets Investments Cash at bank and in hand Other net current assets/(liabilities) Total |
Unrestricted funds Designated funds Restricted funds Total 2025 2025 2025 2025 £ £ £ £ 310,633 - 53,134 363,767 2 - - 2 178,055 - 3,133 181,188 (89,548) - - (89,548) |
|---|---|
| 399,142 - 56,267 455,409 |
|
| Unrestricted funds Designated funds Restricted funds Total 2024 2024 2024 2024 £ £ £ £ 373,445 - - 373,445 2 - - 2 130,406 - 75,300 205,706 (100,540) - - (100,540) |
|
| 403,313 - 75,300 478,613 |
EMMAUS BOLTON
(A Company Limited by Guarantee)
25
NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 June 2025
18. ANALYSIS OF NET ASSETS BETWEEN FUNDS continued
FREE RESERVES
| FREE RESERVES | |
|---|---|
| Unrestricted Funds Held as Fixed Assets and Investments Available funds Designated funds Free Reserves |
2025 2024 £ £ 399,142 403,313 (310,635) (373,447) |
| 88,507 29,866 - - |
|
| 88,507 29,866 |
19. TRUSTEES' EXPENSES
Trustees were reimbursed in the period for travel and subsistence costs incurred on behalf of the Charity for 2025: £nil (2024: £nil).
20. RELATED PARTY TRANSACTIONS
There were no transactions with related parties that require disclosure in the financial statements.
21. OPERATING LEASE COMMITMENTS
At 30 June 2025 the charity had future minimum lease payments under non-cancellable operation leases, as follows:
| Not later than 1 year Later than 1 year and not later than 5 years After 5 years |
2025 2024 £ £ 816 - 2,448 - - - |
|---|---|
| 3,264 - |