Charity registration number 1136584 (England and Wales)
Company registration number 07276977
EMMAUS NORFOLK AND WAVENEY
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
EMMAUS NORFOLK AND WAVENEY
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr C Brown
Mr P Coe
Mr S Theobald
Mrs M Cubitt
Mr J Foster
Mr S Johnson
Ms R White
(Appointed 7 March 2025)
Ms P Keohane
(Appointed 24 April 2025)
Senior management
Cecile Roberts
Charity number
1136584
Company number
07276977
Registered office
Belsey Bridge Road
Ditchingham
BUNGAY
Suffolk
United Kingdom
NR35 2DT
Auditor
Sumer Auditco Limited
15 Palace Street
NORWICH
Norfolk
United Kingdom
NR3 1RT
Bankers
Lloyds Bank
PO Box 100
Andover
BX1 1LT
Co-operative Bank Plc
Po Box 250
Skelmersdale
WN8 6WT
Flagstone
1st Floor, Clareville House
26-27 Oxendon Street
London
SW1Y 4EL
EMMAUS NORFOLK AND WAVENEY
CONTENTS
Page
Trustees' report
1 - 4
Statement of trustees' responsibilities
5
Independent auditor's report
6 - 8
Statement of financial activities
9
Balance sheet
10 - 11
Statement of cash flows
12
Notes to the financial statements
13 - 25
EMMAUS NORFOLK AND WAVENEY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 JUNE 2025
- 1 -

The trustees present their annual report and financial statements for the year ended 30 June 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the 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) (effective 1 January 2019)".

Objectives and activities

The charities objectives are restricted to the alleviation and relief of poverty, hardship, and distress arising therefrom, in conformance with the principles of the Emmaus Movement in the U.K., and without distinction, the provision of a safe and secure home for formerly homeless people, during their period of rehabilitation as appropriate to the individual’s needs. Such rehabilitation includes giving individuals the time and space to recover from and address any physical and mental ailments and trauma they may have experienced previously, as well as providing the opportunity for them to learn and re-learn life skills. This is coupled with opportunities for self-development, vocational training, as well as to access appropriate opportunities, giving them stability and routine, and enable the develop ment of a sense of self-worth, esteem and confidence and a reason to ‘get out of bed in the morning’, whilst also working towards their life aspirations and becoming more interdependent.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake and have also undertaken steps towards encouraging co-production, whilst widely consulting with the companions (formerly homeless people) within our community.

In achieving these objectives during the year, the charity has continued to focus on developing its Ditchingham site to become a destination centre for visitors, raising the charities profile in the wider community and highlighting the plight of the homeless and the reasons and causes for it. It has extended its accommodation by nearly 60% enabling it to help more people and extend its support to cater for a wider range of individuals with a more diverse and complex support needs and who have previously experienced a variety of different traumas.

It has also broadened the range of its social enterprise activities to provide additional and complementary work opportunities, thereby giving its companions greater variety and choice as and when they progress on their journey outside of the community. Our social enterprise activities not only drive footfall to the site, helping the charity to generate funds that support its day to day running costs but also to provide training and support to the companions through their process of rehabilitation and to provide opportunities, but give them opportunities for increased interaction with the wider community and the consequential significant beneficial impact it has on their emotional wellbeing. The increased range of skills and experience that our companions develop through working in the social enterprises better equips them for the future and help them re-integrate into and make an active and positive contribution to the wider community. The increased scope of our social enterprises also builds increased financial resilience for the charity in these uncertain times.

We have also continued to drive fundraising to support our ability to increase the number and range of people we can support and in particular undertook an immense fundraising challenge in terms of the ‘Walk of Kindness’ which involved a team of companions, staff and Trustees walking from St. David’s in Wales to Lowestoft, along the Via Beata pilgrimage route to raise the profile of homelessness and its causes. At some stages along the way, it may have been more appropriate to describe it as a ‘swim’ rather than a ‘walk’ and it was a tremendous example of what a passionate and determined team of people can achieve.

EMMAUS NORFOLK AND WAVENEY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -

Threats & Future

The greatest threats to our future remain the continuing upwards pressure on our costs together with how both local and central government look to balance their budgets in the light of the increasing incidence of homelessness across the country. This is coupled with the increasing regulation of the supported housing sector and a lack of good quality housing to support our companions once they are ready to move on from the community and develop their lives. We therefore continue to focus on tight cost control and ensuring that in all our activities we deliver best value both in terms of financial measures and social return on investment. We are working hard to ensure our systems and processes are as efficient and effective as possible to meet the requirements of the Supported Housing (Regulatory Oversight) Act and to properly demonstrate the value that we add to developing the lives and well-being of our companions. We are also looking to develop closer relationships with registered housing providers so as to try to increase the availability of accommodation that could be used to accommodate our companions in their move-on journey from the community.

Financial review

During the year ended 30th June 2025, the charity significantly expanded its offering. In the final quarter of the year, we provided accommodation to an average of 39 companions on our site at Ditchingham, this is an increase of almost 22% compared to the previous year. This growth, whilst well supported by our generous funders and donors, also required the use of unrestricted funds for capital investment and led to an increase in operating costs. This contributed to net outgoings in unrestricted funds before transfers of £110,164.

The charity aims to balance its day-to-day operating budget over the medium-term, whilst recognising that year-to-year fluctuations will occur when we invest to grow. We have ambitious plans to increase our social enterprise activity, which will help to fund the recent increase in running costs. However, these plans will take some time to deliver. Nevertheless, I am pleased to report that the early signs are encouraging, with an increase in social enterprise activity of over 12.5% in the first six months of 2025/26.

Income

Total unrestricted income reduced by 6.5% in the year to £903,896. However, the prior year was inflated due to receipts in respect of an insurance claim. Social enterprise activity increased by almost 8% overall and this included a 14.5% increase in Café sales. As mentioned above, social enterprise activity has continued to increase in 2025/26.

Restricted income totalled £313,862. This was significantly lower than in the previous year, which benefited from some large and generous one-off grants.

Expenditure

Total expenditure for the year went up by 9% or £92,195 to £1,116,645. The main increases related to an investment in staff to support our community project and higher companion allowances, which was driven by an increase in the number of people we supported.

Reserves Policy

The Board of Trustees continues to be of the view that an equivalent of three months’ worth of operating expenditure should be maintained within the charity’s cash reserves, as a contingency in case of unforeseen circumstances. In addition to this, the Board may designate additional funds for other anticipated costs or to mitigate against perceived risks. The investment in the charity during 2024/25 meant that our reserves policy was not met at the end of the year, partly because the increase in our size meant that the necessary reserve levels also grew. However, increases in social enterprise activity and careful cost control, means that the situation has improved in the first half of 2025/26.

Donations and grants for specific items, projects or costs are treated as restricted funds and used only for the specific purposes for which they were received.

Reserves

Total reserves at the end of the financial year stood at £1,903,396. Restricted funds increased by £1 5,785 to £410,300. Unrestricted funds after transfers, increased from £1,407,768 to £1,4 93,096. Most of this was invested in further development of the site, including building restorations to support the women’s project and to facilitate growth in our social enterprise activities.

EMMAUS NORFOLK AND WAVENEY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -

Risk Management

The charity acknowledges the Charity Commission’s recommendation for them to undertake a review of the major risks to which the charity is exposed. The Board of Trustees maintains a risk register, which is regularly reviewed. Actions are formulated to mitigate, as far as possible, against these risks.

Future Plans

During the last year we have significantly increased our facilities and infrastructure to support our companions in their journey out of homelessness together with the range of therapeutic interventions to support them. This included the launch of the award winning ‘Women’s Only’ project, which at the time of writing is about to welcome the next cohort of women into the programme. This has been an undoubted success, and has provided a wealth of learning, which will be shared with the wider Emmaus Community in the UK and abroad. This project would not have been possible without the help of the Community of All Hallows and Emmaus International who we worked closely with to renovate the buildings to house the women in the programme. As a result of the success of this programme, it is our intention to embark on a similar project to support the men in the community who we, and they, also recognise have experienced trauma that needs to be addressed before they are able to develop and move-on with their lives. Men are often more reluctant to share their experiences, which only hinders the healing process.

Alongside this support we intend to develop transitionary housing on the site which will help prepare the companions for living fully independent lives out in the wider community by helping them put their life skills training into practice beforehand. It is widely acknowledged that the process of moving from the security of community life to living in the wider community is fraught with challenges and is often a time when people can retrograde from the progress they have made towards independence. It is therefore our intention to focus on, in the forthcoming years, embedding these initiatives within the support programmes we can offer and further extend these to a broader range of individuals who have had similar experiences.

Alongside the strengthening of our support offering, we also intend to extend the scope and depth of our social enterprises in order to help fund our activities and the ambitious and impactful support programmes we have planned. This builds on the recent successful related diversification into the provision of a house clearance service with the addition of extended retail space and a logistics hub to improve the efficiency of our operations and enable an increased focus on reuse and recycling so as to minimise our environmental impact. The increased efficiency will enable us to provide the companions with more time to undertake vocational training, hone their customer service skills and take up opportunities for learning and development.

In addition we will continue to develop our hospitality offering by extension of our café facilities, recognising how this helps to attract visitors to the site and also work towards the development of our Bed and Breakfast accommodation in the old convent building for which we continue to fundraise, recognising that this provides the companions the option to develop a whole new range of skills and opportunities to interface with the wider public whilst providing sensible routes into future employment.

Structure, governance and management

The organisation is a charitable company limited by guarantee, incorporated in 8 June 2010 and registered as a charity on 24 June 2010.

The charity is directed by the Board of Trustees and governed by its Memorandum and Articles of Association. The trustees are directors for the purposes of company law and serve terms of three years, after which they may offer themselves for re-election, subject to approval at the charity’s annual general meeting.

Trustees are appointed from the membership of the charity which, in accordance with the Articles of Association, is open to any individual who is interested in furthering the charity’s work.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr C Brown
Mr P Coe
Mr D Daynes
(Resigned 30 October 2025)
Prof. G Kaye
(Resigned 31 October 2024)
EMMAUS NORFOLK AND WAVENEY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -
Mr A Pinnington
(Resigned 3 July 2025)
Mr S Theobald
Mrs M Cubitt
Mr J Foster
Mr S Johnson
Mr N Watts
(Resigned 31 January 2025)
Ms R White
(Appointed 7 March 2025)
Ms P Keohane
(Appointed 24 April 2025)

Organisational structure

The charity is led by the Board of Trustees, supported by separate subcommittees within the Board structure, each of which focuses on specific areas of the overall operation of the organisation. There are four subcommittees comprising of Community and Solidarity, Finance and Capital Investment, Social Enterprise and Income Generation, and Property and Capital Assets. These subcommittees are typically made up of Board members, a key member or members of staff, and on Community and Solidarity one or more companions.

Emmaus UK

The charity is a member of Emmaus UK, a federation of Emmaus communities within the UK, who are also a member of the charity. The charity is also a member of Emmaus International which links the Emmaus communities across the globe.

Auditor

In accordance with the company's articles, a resolution proposing that Sumer Auditco Limited be reappointed as auditor of the company will be put at a General Meeting.

The trustees' r eport was approved by the Board of Trustees.

Mr S Theobald
Chair of Trustees
Dated: 5 March 2026
EMMAUS NORFOLK AND WAVENEY
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 30 JUNE 2025
- 5 -

The trustees, who are also the directors of Emmaus Norfolk and Waveney for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law 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 incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

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

- select suitable accounting policies and then apply them consistently;

- observe the methods and principles in the Charities SORP;

- make judgements and estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

EMMAUS NORFOLK AND WAVENEY
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF EMMAUS NORFOLK AND WAVENEY
- 6 -

Opinion

We have audited the financial statements of Emmaus Norfolk and Waveney (the ‘charity’) 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 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:

-

give a true and fair view of the state of the charitable company's affairs as at 30 June 2025 and of its incoming resources and application of resources, for the year then ended;

-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-

have been prepared in accordance with the requirements of the Companies Act 2006.

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 charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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 Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

-

the information given in the financial statements is inconsistent in any material respect with the trustees' report; or

-

sufficient accounting records have not been kept; or

-

the financial statements are not in agreement with the accounting records; or

-

we have not received all the information and explanations we require for our audit.

EMMAUS NORFOLK AND WAVENEY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF EMMAUS NORFOLK AND WAVENEY
- 7 -
Responsibilities of trustees

As explained more fully in the s tatement of trustees' r esponsibilities, the trustees, who are also the directors of the charity for the purpose 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 charity’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 the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

Identifying and assessing potential risks related to irregularities

- enquiring of management, including obtaining and reviewing supporting documentation concerning the company's policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual,

suspected or alleged fraud;

- the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations;

- discussing among the engagement team including significant component audit teams and involving relevant internal specialists, including tax, valuations, pensions and IT regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

- obtaining an understanding of the legal and regulatory framework that the company operates in,

focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the companies. The key laws and regulations we considered in this context included the Charities Act 2011, Tax legislation, and laws specifically applicable to sector in which the entity operates.

Audit response to risks identified

Our procedures to respond to risks identified included the following:

- reviewing the Financial Statement disclosures and testing to supporting documentation to assess

compliance with relevant laws and regulations discussed above;

- enquiring of management, concerning actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- reading minutes of meetings of those charged with governance, reviewing internal procedures and reviewing correspondence with HMRC; and

- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

- Assessing compliance with relevant laws and regulations, including Equality Act 2010, Employers' Liability Act 1969 and Health & Safety at Work Act 1974, to which we found no material shortfalls or had any concerns

EMMAUS NORFOLK AND WAVENEY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF EMMAUS NORFOLK AND WAVENEY
- 8 -

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 charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees 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 charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Mark Johnstone (Senior Statutory Auditor)
For and on behalf of Sumer Auditco Limited, Statutory Auditor
Chartered Accountants
15 Palace Street
NORWICH
Norfolk
NR3 1RT
United Kingdom
5 March 2026

Sumer Auditco Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

EMMAUS NORFOLK AND WAVENEY
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2025
- 9 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
Notes
£
£
£
£
£
£
Income and endowments from:
Donations and legacies
3
74,328
309,747
384,075
131,420
961,133
1,092,553
Charitable activities
4
815,293
4,115
819,408
710,811
5,209
716,020
Other trading activities
5
230
-
230
-
-
-

Investment s

6
11,188
-
11,188
-
-
-
Other income
7
2,857
-
2,857
124,873
-
124,873
Total income
903,896
313,862
1,217,758
967,104
966,342
1,933,446
Expenditure on:

R aising funds

Fundraising and publicity
8
23,869
-
23,869
7,610
-
7,610
Charitable activities
9
990,191
102,585
1,092,776
940,365
73,871
1,014,236
Other
15
-
-
-
2,604
-
2,604
Total resources expended
1,014,060
102,585
1,116,645
950,579
73,871
1,024,450
Net (outgoing)/incoming resources before transfers
(110,164)
211,277
101,113
16,525
892,471
908,996
Gross transfers between funds
195,492
(195,492)
-
539,773
(539,773)
-
Net income for the year/
Net movement in funds
85,328
15,785
101,113
556,298
352,698
908,996
Fund balances at 1 July 2024
1,407,768
394,515
1,802,283
851,470
41,817
893,287
Fund balances at 30 June 2025
1,493,096
410,300
1,903,396
1,407,768
394,515
1,802,283

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

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
EMMAUS NORFOLK AND WAVENEY
BALANCE SHEET
AS AT 30 JUNE 2025
30 June 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
17
1,500,890
1,313,078
Current assets
Stocks
18
13,455
14,757
Debtors
19
193,852
183,393
Cash at bank and in hand
423,064
721,199
630,371
919,349
Creditors: amounts falling due within one year
20
(112,511)
(298,318)
Net current assets
517,860
621,031
Total assets less current liabilities
2,018,750
1,934,109
Creditors: amounts falling due after more than one year
21
(115,354)
(131,826)
Net assets
1,903,396
1,802,283
Income funds
Restricted funds
23
410,300
394,515
Unrestricted funds
Designated funds
24
166,007
135,560
General unrestricted funds
1,327,089
1,272,208
1,493,096
1,407,768
1,903,396
1,802,283
EMMAUS NORFOLK AND WAVENEY
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2025
30 June 2025
- 11 -

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2025.

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

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 5 March 2026
Mr S Theobald
Chair of Trustees
Company registration number 07276977
EMMAUS NORFOLK AND WAVENEY
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2025
- 12 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash (absorbed by)/generated from operations
27
(56,109)
865,615
Investing activities
Purchase of tangible fixed assets
(253,214)
(628,367)
Investment income received
11,188
-
Net cash used in investing activities
(242,026)
(628,367)
Net cash used in financing activities
-
-
Net (decrease)/increase in cash and cash equivalents
(298,135)
237,248
Cash and cash equivalents at beginning of year
721,199
483,950
Cash and cash equivalents at end of year
423,064
721,198
EMMAUS NORFOLK AND WAVENEY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 13 -
1
Accounting policies
Charity information

Emmaus Norfolk and Waveney is a private company limited by guarantee incorporated in England and Wales. The registered office is Belsey Bridge Road, Ditchingham, BUNGAY, Suffolk, NR35 2DT, United Kingdom.

1.1
Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.

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

The financial statements 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 financial statements, 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 financial statements.

1.3
Charitable funds

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

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

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4
Income
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.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.5
Expenditure

Expenditure is accounted for on an accruals basis and has been classified under headings that

aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

EMMAUS NORFOLK AND WAVENEY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 14 -
1.6
Tangible fixed assets

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

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

Leasehold land and buildings
5% on cost
Plant and equipment
20% on cost
Motor vehicles
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Stocks

Stocks are 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 stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

EMMAUS NORFOLK AND WAVENEY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 15 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11
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
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 that are 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.

3
Income from donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Donations and gifts
69,328
61,026
130,354
131,420
56,713
188,133
Legacies
5,000
-
5,000
-
-
-
Grants
-
248,721
248,721
-
904,420
904,420
74,328
309,747
384,075
131,420
961,133
1,092,553
EMMAUS NORFOLK AND WAVENEY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
3
Income from donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
(Continued)
- 16 -
Grants
Empty Homes
-
11,382
11,382
-
11,382
11,382
Old Convent Building
-
-
-
-
250,000
250,000
Community of All Hallows
-
119,867
119,867
-
470,000
470,000
Heritage Lottery Fund
-
15,464
15,464
-
173,038
173,038
Emmaus UK
-
80,927
80,927
-
-
-
Emmaus International
-
21,081
21,081
-
-
-
-
248,721
248,721
-
904,420
904,420
4
Income from charitable activities
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Community project
Charitable rental income
100
-
100
-
-
-
Community companion support
401,787
4,115
405,902
327,161
5,209
332,370
Social enterprises
Shop income
327,434
-
327,434
308,741
-
308,741
Cafe income
85,972
-
85,972
74,909
-
74,909
815,293
4,115
819,408
710,811
5,209
716,020
5
Income from other trading activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Fundraising events
230
-
EMMAUS NORFOLK AND WAVENEY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 17 -
6
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Interest receivable
11,188
-
7
Other income
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Insurance claims
2,857
124,873
8
Expenditure on raising funds
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Fundraising and publicity
Staging fundraising events
18,750
-
Other fundraising costs
5,119
7,610
23,869
7,610
EMMAUS NORFOLK AND WAVENEY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 18 -
9
Expenditure on charitable activities
Community project
Social enterprises
Total
Community project
Social enterprises
Total
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Direct costs
Staff costs
264,179
98,574
362,753
208,991
106,369
315,360
Companion allowance
182,725
-
182,725
143,456
-
143,456
Property costs
222,378
-
222,378
219,380
-
219,380
Vehicle & travel costs
5,111
-
5,111
9,296
-
9,296
Project expenditure
-
-
-
18,502
-
18,502
Shop operating costs
-
90,465
90,465
-
108,470
108,470
Cafe operating costs
-
71,604
71,604
-
65,258
65,258
Sundry
8,518
-
8,518
2,049
-
2,049
682,911
260,643
943,554
601,674
280,097
881,771
Share of support and governance costs (see note 10)
Support
85,788
28,164
113,952
91,973
19,501
111,474
Governance
23,272
11,998
35,270
15,909
5,082
20,991
791,971
300,805
1,092,776
709,556
304,680
1,014,236
Analysis by fund
Unrestricted funds
689,386
300,805
990,191
645,665
294,700
940,365
Restricted funds
102,585
-
102,585
63,891
9,980
73,871
791,971
300,805
1,092,776
709,556
304,680
1,014,236
10
Support costs allocated to activities
2025
2024
£
£
Depreciation
65,402
67,592
Office costs
24,990
26,001
Advertising and PR
12,377
8,774
Sundry
11,183
9,107
Governance costs
35,270
20,991
149,222
132,465
Analysed between:
Community project
109,060
107,882
Social enterprises
40,162
24,583
149,222
132,465
EMMAUS NORFOLK AND WAVENEY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
10
Support costs allocated to activities
(Continued)
- 19 -
2025
2024
Governance costs comprise:
£
£
Audit fees
4,500
4,250
Accountancy
4,948
3,270
Legal and professional
25,822
13,471
35,270
20,991
11
Net movement in funds
2025
2024
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable to the charity's auditor:
- for the audit of the charity's financial statements
4,500
4,250
- for other financial services
4,948
3,270
Depreciation of owned tangible fixed assets
65,402
67,592
Loss on disposal of tangible fixed assets
-
2,604
12
Auditor's remuneration
Fees payable to the charity's auditor and associates:
2025
2024
£
£
For audit services
Audit of the financial statements of the charity
4,500
4,250
For other services
All other non-audit services
4,948
3,270
13
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

Donations of £139 was received from individuals who served as trustees during the year.

EMMAUS NORFOLK AND WAVENEY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 20 -
14
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
General
5
4
Trading
6
6
Total
11
10
Employment costs
2025
2024
£
£
Wages and salaries
362,753
315,360
The number of employees whose annual remuneration was more than £60,000 is as follows:
2025
2024
Number
Number
60,000 to 70,000
1
-
Remuneration of key management personnel

The remuneration of key management personnel was as follows:

2025
£
Aggregate compensation
67,331
15
Other
Total
Unrestricted
funds
2025
2024
£
£
Net loss on disposal of tangible fixed assets
-
2,604
-
2,604
16
Taxation

The charity is exempt from tax ation on its activities because all its income is applied for charitable purposes.

EMMAUS NORFOLK AND WAVENEY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 21 -
17
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 July 2024
1,624,519
68,457
54,362
1,747,338
Additions
241,117
12,097
-
253,214
At 30 June 2025
1,865,636
80,554
54,362
2,000,552
Depreciation and impairment
At 1 July 2024
347,459
46,931
39,870
434,260
Depreciation charged in the year
50,717
9,869
4,816
65,402
At 30 June 2025
398,176
56,800
44,686
499,662
Carrying amount
At 30 June 2025
1,467,460
23,754
9,676
1,500,890
At 30 June 2024
1,277,060
21,526
14,492
1,313,078
18
Stocks
2025
2024
£
£
Finished goods and goods for resale
13,455
14,757
19
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
47,148
25,779
Other debtors
67,524
112,646
Prepayments and accrued income
79,180
44,968
193,852
183,393
20
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Government grants
22
11,382
11,382
Trade creditors
63,349
242,915
Other creditors
24,685
20,371
Accruals
13,095
23,650
112,511
298,318
EMMAUS NORFOLK AND WAVENEY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 22 -
21
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Government grants
22
115,354
131,826
22
Government grants

Deferred income arising from government grants shown above is in relation to the following:

- The deferred government grant is the balance of the Empty Homes Grant received by the Charity and still to be released over the terms of the lease of the property to which it relates. Balance held at year end £113,806

- Amount received from East Suffolk Council, restricted and held for use for the East Suffolk Scheme, released as and when applications for use are received and goods provided and therefore performance condition is met. Balance held at the year end £12,930.

2025
2024
£
£
Deferred income is included within:
Current liabilities
11,382
11,382
Non-current liabilities
115,354
131,826
126,736
143,208
Movements in the year:
Deferred income at 1 July 2024
143,208
439,640
Released from previous periods
(16,472)
(314,452)
Resources deferred in the year
-
18,020
Deferred income at 30 June 2025
126,736
143,208
23
Restricted funds

The restricted funds of the charity compri se the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be use d.

At 1 July 2024
Incoming resources
Resources expended
Transfers
At 30 June 2025
£
£
£
£
£
Capital Grant Fund
-
11,382
(11,382)
-
-
Leasehold Improvement fund
82,429
30,000
-
(112,429)
-
Other Restricted Fund
10,380
40,747
(10,708)
-
40,419
APH Development Fund
302,083
76,490
(38,618)
523
340,478
PIP funds
5,623
2,487
(8,116)
91
85
Womens Project
(6,000)
104,426
(17,170)
(51,938)
29,318
St Edmunds House
-
24,165
(5,336)
(18,829)
-
St Furseys House
-
24,165
(11,255)
(12,910)
-
394,515
313,862
(102,585)
(195,492)
410,300
EMMAUS NORFOLK AND WAVENEY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
23
Restricted funds
(Continued)
- 23 -
Previous year:
At 1 July 2023
Incoming resources
Resources expended
Transfers
At 30 June 2024
£
£
£
£
£
Capital Grant Fund
-
11,382
(11,382)
-
-
Leasehold Improvement fund
-
470,000
-
(387,571)
82,429
Other Restricted Fund
20,380
1,788
(11,768)
(20)
10,380
APH Development Fund
15,000
476,108
(45,518)
(143,507)
302,083
PIP funds
6,437
4,389
(5,203)
-
5,623
Womens Project
-
2,675
-
(8,675)
(6,000)
41,817
966,342
(73,871)
(539,773)
394,515
24
Unrestricted funds

The unrestricted funds of the charity compri se the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be use d. The se include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 July 2024
Incoming resources
Resources expended
Transfers
At 30 June 2025
£
£
£
£
£
Community Car Fund
9,718
-
-
-
9,718
Community Fund
6,640
-
-
-
6,640
Development Fund
(50,471)
-
-
5,048
(45,423)
Capital
100,000
5,000
-
-
105,000
Sinking Fund
58,000
-
-
-
58,000
Legacy
-
5,000
-
-
5,000
Ray Large Savings Fund
-
125
(125)
-
-
Fire insurance claim
8,228
2,857
(4,581)
(841)
5,663
Walk of Kindness
3,445
36,714
(18,750)
-
21,409
General funds
1,272,208
854,200
(990,604)
191,285
1,327,089
1,407,768
903,896
(1,014,060)
195,492
1,493,096
EMMAUS NORFOLK AND WAVENEY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
24
Unrestricted funds
(Continued)
- 24 -
Previous year:
At 1 July 2023
Incoming resources
Resources expended
Transfers
At 30 June 2024
£
£
£
£
£
Community Car Fund
9,718
-
-
-
9,718
Community Fund
6,640
-
-
-
6,640
Development Fund
(15,022)
-
-
(35,449)
(50,471)
Capital
-
100,000
-
-
100,000
Sinking Fund
58,000
-
-
-
58,000
Burglary insurance claim
164
1,502
-
(1,666)
-
Fire insurance claim
5,873
123,371
(117,848)
(3,168)
8,228
Walk of Kindness
-
5,871
(2,426)
-
3,445
General funds
786,097
736,360
(830,305)
580,056
1,272,208
851,470
967,104
(950,579)
539,773
1,407,768
25
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2025
2025
2025
£
£
£
At 30 June 2025:
Tangible assets
1,500,890
-
1,500,890
Current assets/(liabilities)
107,560
410,300
517,860
Long term liabilities
(115,354)
-
(115,354)
1,493,096
410,300
1,903,396
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 30 June 2024:
Tangible assets
1,313,078
-
1,313,078
Current assets/(liabilities)
226,516
394,515
621,031
Long term liabilities
(131,826)
-
(131,826)
1,407,768
394,515
1,802,283
26
Related party transactions
Transactions with related parties

During the year the charity entered into the following transactions with related parties:

EMMAUS NORFOLK AND WAVENEY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
26
Related party transactions
(Continued)
- 25 -

Donations of £1,000 we received from The Parochial Church Council of the Ecclesiastical Parish of St Stephen, a charity in which David Daynes (Trustee) is a trustee of.

A payment for the provision of services totaling £788 was paid to Andrew Watts, brother of Neil Watts (Trustee) during the year. No amounts were outstanding at the year end.

27
Cash (absorbed by)/generated from operations
2025
2024
£
£
Surplus for the year
101,113
908,996
Adjustments for:
Investment income recognised in statement of financial activities
(11,188)
-
(Gain)/loss on disposal of tangible fixed assets
-
2,604
Depreciation and impairment of tangible fixed assets
65,402
67,592
Movements in working capital:
Decrease in stocks
1,302
3,606
(Increase) in debtors
(10,459)
(85,717)
(Decrease)/increase in creditors
(185,807)
264,966
(Decrease) in deferred income
(16,472)
(296,432)
Cash (absorbed by)/generated from operations
(56,109)
865,615
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