Emmaus School Ltd

	Page
Trustees' Report	1—7
Independent Examiner's Report	8
Statement of Financial Activities (including Income and Expenditure Account)	9
Comparative Statement of Financial Activities (including Income and Expenditure Account)	10
Balance Sheet	11—12
Statement of Cash Flows	13
Notes to the Statement of Cash Flows	14
Notes to the Financial Statements	15—24

The trustees present their report and the financial statements for the year ended 31 August 2025.

Objectives and Activities

Aims and Objectives

The objective of the school is to advance the education of children and young people by the provision of a school and support for parents undertaking home schooling, in accordance with the school's Statement of Faith.

The school aims to educate children to a high standard, in preparation for contemporary society, in a supportive and happy environment which caters for the needs of the individual.

Public Benefit

In setting objectives and planning activities Trustees have taken notice of the Charity Commission guidance on public benefit.

As a non-selective school with high teacher/pupil ratios, Emmaus School is able to provide education for pupils with moderate educational needs. This not only reduces the burden on the state system, but also ensures that these individuals exceed academic expectations in a way that would not be possible given the over-stretched resources of the state sector. Pupils leave the school literate, numerate, confident and employable. In the majority of cases, GCSE results exceed expectations. In the school year ending 2025 the pupils achieved excellent GCSE results. 83% of pupils achieved at least 5 GCSEs at Grades 9-4, 100% of pupils passed GCSE English and 83% of pupils passed GCSE Maths. One pupil achieved 100% pass rate at the higher grades (9-7).

Such results may not have been the case without the opportunity to benefit from small class sizes and individual attention, at minimum cost to the parents. The school offers a limited number of places for pupils who have an Education Health and Care Plan (EHCP). During the academic year ending 31 August 2025, there was one pupil with an EHCP for specific learning difficulties.

There is an increasing demand for places in the secondary department for pupils who are school refusers, and it has proved possible to re-integrate them into school life and watch them thrive.

The school also provides support for parents who home-school their children. This is in the form of flexi-schooling where children attend school part time whilst undertaking the remainder of their schooling at home, or attend lessons in subjects which require core specialist equipment such as science or food and nutrition. The school also allows private candidates to enter GCSE examinations.

The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Grant Making

The school is run as a non-profit making organisation and fees are kept to a minimum to ensure widest possible access. The School operates a bursary programme as part of its public benefit commitment. Bursaries are awarded on the basis of means-tested financial need, taking into account the applicant’s circumstances as well as their potential to benefit from, and contribute to, the life of the School. Applications are assessed through a structured and confidential process. Bursaries currently amount to 29% of total fees. In the year ending August 2025, 22 pupils (37 percent of pupils on the school roll) benefitted from this scheme. This programme plays an important role in widening access to the School and supporting the achievement of its charitable aims.

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Emmaus School Ltd

Trustees' Report (continued)

For The Year Ended 31 August 2025

Achievements and Performance

Main Achievements

During the year ending 31 August 2025, the school continued to provide high quality education for children and young people, and support for parents who home school. The School is a registered examination centre with AQA and Edexcel and provides a service for private GCSE candidates to sit their examinations.

The School provides work experience for pupils from local comprehensive schools and colleges, as well as placements for students from the UK and abroad who are in higher education. It also provides educational placements for students from selected schools, colleges and universities in Europe who wish to improve their English and experience English education.

The Headteacher has experience as a school inspector and supports other small schools in the South West, assisting them in meeting the Independent Schools Inspectorate Standards, as well as providing mentoring support for Heads of small schools in both the state and independent sectors. The Headteacher is also on the leadership team of the Christian Schools’ Trust which serves independent Christian schools.

All pupils continue to benefit from the small, family atmosphere and report that they feel safe, accepted and do not experience negative peer pressure. This has a positive impact on their education and character, and stands them in good stead when they move on to sixth form or employment. The school offers a limited number of places every year to pupils who have been bullied in other settings, or who have some degree of anxiety which is alleviated by being in a smaller setting with more individual attention from teachers. The school has provided funding for a Special Educational Needs Co-ordinator who has successfully provided emotional literacy support to several pupils in the school over the year ending August 2025.

Pupils' progress is monitored by annual tests in reading and spelling which allow teachers to compare pupils to the national average in each year group. Cognitive Abilities Tests (CATs) are used annually from Year 4 to test the children's potential in the three areas of verbal, quantitative and non-verbal reasoning. In the secondary department, these tests give accurate predictions of the GCSE grades individual pupils can be expected to achieve. Since it is not possible to ’teach to the test', lessons are devoted to teaching rather than preparing pupils to perform well in tests. Pupils also take end of topic tests throughout the year and senior pupils have an annual exam week in the summer term. The attainment profile of the School is above average and, while Emmaus School does not select pupils on the basis of ability, pupils' achievement is in line with that of selective schools. Pupils with moderate special educational needs usually achieve beyond expectations, which increases their confidence and gives them the opportunity to pursue a meaningful career when they leave school.

Charitable Activities

Performance has been monitored using both financial and non-financial key performance indicators. Financial performance has been assessed through fee income levels, cost management, operating results, and reserves. Non-financial indicators include pupil enrolment and retention, academic achievement, staff retention, and the level of parental engagement and satisfaction. Taken together, these measures provide trustees with a balanced view of the School’s performance and sustainability.

A number of factors have influenced the School’s performance during the year. Positive factors included continued demand for places in certain year groups, strong educational delivery, and effective operational management. However, the School has also faced challenges, including inflationary pressure on salaries and operational costs, the broader economic environment affecting affordability for families, including the imposition of VAT on school fees, and pressures associated with capital project delivery. These factors have been carefully considered by trustees in reviewing performance and shaping future strategy.

Looking ahead, the School’s strategic priorities include strengthening pupil recruitment in key year groups, embedding the benefits of recent capital investment, and managing bursary prudently. Trustees remain focused on ensuring the long-term financial sustainability of the School through prudent cost control and careful financial planning.

...CONTINUED

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Emmaus School Ltd

Trustees' Report (continued)

For The Year Ended 31 August 2025

Charitable Activities - continued

The trustees recognise a number of principal risks and uncertainties facing the charity. These include potential fluctuations in pupil numbers driven by economic conditions and Government policies, ongoing cost pressures—particularly in relation to staffing and utilities—regulatory developments within the independent school sector, and local market competition. Appropriate mitigation strategies are in place, including regular financial monitoring, active marketing and admissions management.

During the year, trustees made a number of key strategic decisions, including those relating to capital development projects, resource allocation across staffing and academic provision, and the review of fee levels and bursary support. These decisions have supported the continued development of the School and have enhanced its ability to deliver its charitable objectives.

In taking decisions, trustees have had regard to the long-term impact on all stakeholders. The School remains committed to supporting its employees through investment in professional development, fair remuneration, and a positive working environment. The interests of pupils and parents remain central, with a strong focus on delivering high standards of education and pastoral care, alongside maintaining accessibility through financial support mechanisms. The School also seeks to sustain constructive relationships with suppliers and contributes positively to the local community through employment and engagement. Environmental considerations are increasingly reflected in estate management and operational planning. Trustees remain mindful of the importance of maintaining a strong reputation for integrity and high standards of conduct.

Investment Performance

During the year, the School continued to progress its capital development programme, including fundraising to support the construction and/or enhancement of its facilities. Fundraising performance has been monitored against established targets and, together with other funding sources, has contributed to the advancement of the project. The new facilities are expected to be completed shortly after the year end and are expected to enhance the School’s capacity and the quality of the educational environment over the long term.

Financial Review

Financial Position

The Charity made an operational deficit of £11,792 (2024 deficit £27,968). The Charity had surplus restricted income of £370,523 (2024 surplus £148,406). This resulted in the Charity making an overall surplus of £358,731 (2024 surplus £120,438).

The unrestricted fund represents the Charity's free reserves, which are retained to provide initial funding for educational support, supplies and general running costs of the school. This fund has increased to £367,091 during the financial year (2024 decrease to £28,883).

Income of £370,523, including gift aid, was received into the restricted fund (2024: £148,406). Through continued work on the school building extension, expenditure of £702,438 paid for to create an Asset Under Construction of £742,802 (2024: £48,437). This fund has increased to £970,115 during the financial year (2024: £599,592).

Reserves Policy

The Trustees’ aspiration is to hold at least six weeks' operating expenditure in reserve in order to meet any unforeseen day-to-day operational costs or short-term deficits in cash flow.

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Emmaus School Ltd

Trustees' Report (continued)

For The Year Ended 31 August 2025

Going Concern

The trustees have undertaken a comprehensive review of the financial position of the School. Key risks identified include volatility in fee income arising from changes in pupil numbers, increases in the cost base—particularly staffing—and cash flow pressures linked to ongoing and recent capital commitments and VAT administration.

To mitigate these risks, the School operates robust budgeting and financial monitoring procedures, including regular reforecasting. Trustees seek to maintain an appropriate level of free reserves to provide financial flexibility and resilience. Capital expenditure is managed carefully, often on a phased basis, to align with available resources.

The trustees have also considered the School’s ability to continue as a going concern. This assessment has included a review of cash flow forecasts and sensitivity analysis, taking into account reasonably foreseeable changes in operating conditions. Based on this assessment, the trustees are satisfied that the School has adequate resources to continue in operational existence for the foreseeable future. Nonetheless, they remain vigilant in monitoring external risks and maintaining contingency plans.

Principal Funding Sources

The principle funding sources of the charity include £272,807 from school fees (2024: £256,398) and £318,792 of restricted building fund donations (2024: £118,654). These funds have been used to fund the ongoing costs of the school, as well as fund the development of a new building which improves the schools ability to provide its services.

Structure, Governance and Management

Governing Document

Emmaus School is a company limited by guarantee governed by its Memorandum and Articles of Association dated 27 February 1998, and registered as a charity with the Charity Commission for England and Wales from 25 January 1999, amended by special resolution on 22nd December 1998.

Trustee Selection Methods

New Trustees are selected and appointed directly by the existing Trustees, for a period of 3 years, following which they may stand for re-election.

Induction and Training of Trustees

The School has established procedures for the induction and ongoing development of trustees. New trustees receive an induction pack containing key governance documents, policies, and recent financial information, and are supported through briefings with senior leadership. Ongoing training is provided to ensure trustees remain informed about their legal responsibilities, safeguarding requirements, and developments within the education and charity sectors.

Key Management Remuneration

The remuneration of key management personnel is determined by the trustees, with regard to sector benchmarks, the size and complexity of the School, and the experience and performance of individuals. Where appropriate, external data and professional advice are considered to ensure that remuneration remains fair, competitive, and aligned with the best interests of the charity.

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Emmaus School Ltd

Trustees' Report (continued)

For The Year Ended 31 August 2025

Organisational Structure

The company is controlled by the Management Committee (Governors), most of whom are the Trustees and Directors. Day to day management is delegated to the management team, which consists of the Headteacher, the Operations Manager and senior teaching staff.

The major risks to which the Charity is exposed, as identified by the Trustees, have been reviewed and systems or procedures have been established to manage those risks.

The charity has no branches or related parties which are based or operate outside of the UK.

Reference and Administrative Details

Trustees

K C W Wiltshire - Chair

J O Jarvis - Trustee (appointed 01/04/2025)

H Greenman - Trustee

Charity Number

1073476

Company Number

03518506

Registered Office

School Lane Staverton

Trowbridge

Wiltshire

BA14 6NZ

Independent Examiner

David Oakensen FCA

Oakensen

Unit 2 Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE

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Emmaus School Ltd

Trustees' Report (continued)

For The Year Ended 31 August 2025

Other Information

Funds Held as Custodian Trustee

During the year, the site and property used by the School, which had previously been held on trust by a connected party, was formally transferred into the ownership of the charity. The trustees confirm that this transaction was undertaken transparently and in the best interests of the School. Appropriate steps were taken to identify and manage any potential conflicts of interest, in line with the School’s governance procedures. Supporting legal documentation was obtained and is retained. The transfer strengthens the School’s asset base and provides greater long-term security over its operational premises.

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Emmaus School Ltd for the purposes 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. Under company law the trustees must not approve the financial statement unless they are satisfied that they 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 policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgments and accounting estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The trustees confirm that to the best of their knowledge, that no relevant audit information that the independent examiners are not aware of. Each trustee has taken all the relevant steps they ought to have taken to make themselves aware of any information that may be relevant to the independent examination.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

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Emmaus School Ltd

Trustees' Report (continued)

For The Year Ended 31 August 2025

The trustees' report was approved by the board of trustees and signed on its behalf by:

K C W Wiltshire

Trustee

28 May 2026

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Emmaus School Ltd

Independent Examiner's Report to the Trustees of Emmaus School Ltd

For The Year Ended 31 August 2025

Independent Examiner's Report to the Trustees of Emmaus School Ltd

I report to the charity trustees on my examination of the accounts of Emmaus School Ltd for the year ended 31 August 2025.

Responsibilities and Basis of Report

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

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

Independent Examiner's Statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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

David Oakensen FCA

28 May 2026

Oakensen (Bristol) Limited

Unit 2 Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE

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Emmaus School Ltd

Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 August 2025

Statement of Financial Activities (including Income and Expenditure Account)

				2025	2024
		Unrestricted funds	Restricted funds	Total funds	Total funds
	Notes	£	£	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	3	27,396	353,309	380,705	158,317
Charitable activities:
Primary and secondary education		272,807	-	272,807	256,391
Investments	4	908	17,214	18,122	16,382

		301,111	370,523	671,634	431,090

EXPENDITURE ON:
Raising funds	6	6,180	-	6,180	(506 )
Charitable activities:	6
Primary and secondary education		(276,876 )	-	(276,876 )	(290,341 )
Supporting activities		(30,541 )	-	(30,541 )	(19,805 )

		(301,237 )	-	(301,237 )	(310,652 )

NET INCOME		(126 )	370,523	370,397	120,438

Extraordinary items		350,000	-	350,000	-

NET MOVEMENT IN FUNDS		349,874	370,523	720,397	168,875
RECONCILIATION OF FUNDS:
Total funds brought forward		28,883	599,592	628,475	459,600

TOTAL FUNDS CARRIED FORWARD	17	378,757	970,115	1,348,872	628,475

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

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Emmaus School Ltd

Comparative Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 August 2025

Comparative Statement of Financial Activities (including Income and Expenditure Account)

				2024
		Unrestricted funds	Restricted funds	Total funds
	Notes	£	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	3	26,293	132,024	158,317
Charitable activities:
Primary and secondary education		256,391	-	256,391
Investments	4	-	16,382	16,382

		282,684	148,406	431,090

EXPENDITURE ON:
Raising funds	6	(506 )	-	(506 )
Charitable activities:	6
Primary and secondary education		(290,341 )	-	(290,341 )
Supporting activities		(19,805 )	-	(19,805 )

		(310,652 )	-	(310,652 )

NET INCOME		(27,968 )	148,406	120,438

Transfers between funds	17	-	48,437	48,437

NET MOVEMENT IN FUNDS		(27,968 )	196,843	168,875
RECONCILIATION OF FUNDS:
Total funds brought forward		56,851	402,749	459,600

TOTAL FUNDS CARRIED FORWARD	17	28,883	599,592	628,475

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

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Emmaus School Ltd

Balance Sheet

As At 31 August 2025

Balance Sheet

				2025	2024
		Unrestricted funds	Restricted funds	Total funds	Total funds
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	11	355,508	742,802	1,098,310	62,184

		355,508	742,802	1,098,310	62,184
CURRENT ASSETS
Debtors	12	28,566	158,188	186,754	27,642
Cash at bank and in hand		42,653	69,125	111,778	617,357

		71,219	227,313	298,532	644,999
Creditors: Amounts Falling Due Within One Year	13	(25,103 )	-	(25,103 )	(51,429 )

NET CURRENT ASSETS (LIABILITIES)		46,116	227,313	273,429	593,570

TOTAL ASSETS LESS CURRENT LIABILITIES		401,624	970,115	1,371,739	655,754

Creditors: Amounts Falling Due After More Than One Year	14	(22,867 )	-	(22,867 )	(27,279 )

NET ASSETS		378,757	970,115	1,348,872	628,475

FUNDS OF THE CHARITY
Restricted Funds				970,115	599,592
Unrestricted Funds				378,757	28,883

TOTAL FUNDS	17			1,348,872	628,475

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Emmaus School Ltd

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

On behalf of the board

K C W Wiltshire

Trustee

28 May 2026

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

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Emmaus School Ltd

Statement of Cash Flows

For The Year Ended 31 August 2025

Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	173,626	136,150

Net cash generated from operating activities		173,626	136,150

Cash flows from investing activities
Purchase of tangible assets		(699,567 )	(52,217 )
Purchase of current asset investments		2,240	-
Interest received		18,122	16,382

Net cash used in investing activities		(679,205 )	(35,835 )



(Decrease)/increase in cash and cash equivalents		(505,579 )	100,315
Cash and cash equivalents at beginning of year	2	617,357	517,042

Cash and cash equivalents at end of year	2	111,778	617,357

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Emmaus School Ltd

Notes to the Statement of Cash Flows

For The Year Ended 31 August 2025

Notes to the Statement of Cash Flows

1. Reconciliation of income to cash generated from operations

	2025	2024
	£	£
Net income	370,397	120,438
Adjustments for:
Interest income	(18,122 )	(16,382 )
Depreciation of tangible assets	10,479	6,444
Movements in working capital:
(Increase)/decrease in trade and other debtors	(159,112 )	21,650
(Decrease)/increase in trade and other creditors	(30,016 )	4,000

Net cash generated from operations	173,626	136,150

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	111,778	617,357

3. Analysis of changes in net funds

	As at 1 September 2024	Cash flows	As at 31 August 2025
	£	£	£
Cash at bank and in hand	617,357	(505,579)	111,778

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Emmaus School Ltd

Notes to the Financial Statements

For The Year Ended 31 August 2025

Notes to the Financial Statements

1. General Information

Emmaus School Ltd is a company limited by guarantee, incorporated in England & Wales, registered number 03518506 and registered charity number 1073476 . The registered office is School Lane Staverton, Trowbridge, Wiltshire, BA14 6NZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Going Concern Disclosure

The trustees have not identified any material uncertainties related to events or conditions that may cast significant doubt about the charitable company's ability to continue as a going concern.

2.3. Significant judgements and estimations

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

2.4. Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Expenditure which meets these criteria is charged to the fund.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.5. Incoming Resources

School fees are recognised as income in the period in which the related educational services are provided. Fees received in advance are deferred and recognised as income as the services are provided. Any fee deferred at the year end are included in accruals and deferred income.

Gift Aid income is recognised in the period with which the related donation is received, provided that there is sufficient evidence of entitlement, receipt is probable, and the amount can be measured reliably. Gift Aid income is allocated between restricted and unrestricted funds in accordance with the nature of the underlying donation as outlined in note 2.3.

Grant income is recognised when the charity has entitlement to the funds, any performance-related conditions have been met, receipt is probable, and the amount can be measured reliably. Where grants are awarded for specific purposes, income is recognised in the period in which the related expenditure is incurred. Grants received in advance of meeting these conditions are deferred.

...CONTINUED

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Emmaus School Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.5. Incoming Resources - continued

Investment income, including interest, dividends, and other returns, is recognised when the charity has entitlement to the income, receipt is probable, and the amount can be measured reliably. Investment income is allocated to the appropriate fund in accordance with the designation of the underlying investments as outlined in note 2.3.

2.6. Resources Expended

Resources expended are recognised in the period they are incurred.

Costs which are associated to raising funds towards providing charitable services are classified as raising funds.

Costs which are directly attributable to meeting charitable objects are classified as provision of charitable activities. These costs are directly allocated to activities.

Costs associated with the general running of the charity which are not attributable to meeting charitable objects are classified as supporting activities.

2.7. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	10 year straight line
Plant & Machinery	33% straight line
Buildings Under Construction	No depreciation until building is ready for use

2.8. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.9. Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

3. Income from Donations and Legacies

			2025
	Unrestricted	Restricted	Total
	funds	funds	funds
	£	£	£
Donations and gifts	-	318,792	318,792
Gift aid	3,228	34,517	37,745
Grants	24,168	-	24,168

	27,396	353,309	380,705

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Emmaus School Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

			2024
	Unrestricted	Restricted	Total
	funds	funds	funds
	£	£	£
Donations and gifts	-	118,654	118,654
Gift aid	240	13,370	13,610
Grants	26,053	-	26,053

	26,293	132,024	158,317

4. Investment Income

			2025
	Unrestricted	Restricted	Total
	funds	funds	funds
	£	£	£
Bank interest receivable	908	17,214	18,122

			2024
	Unrestricted	Restricted	Total
	funds	funds	funds
	£	£	£
Bank interest receivable	-	16,382	16,382

5. Net Income/(Expenditure)

The net income is stated after charging/(crediting):

	2025	2024
	£	£
Bad debts	(6,801)	-
Depreciation of tangible fixed assets - owned	10,479	6,444

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Emmaus School Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

6. Analysis of Expenditure

			2025
	Activities undertaken directly	Support costs (see note 7 )	Total
	£	£	£
Raising funds	(6,801 )	621	(6,180 )
Primary and secondary education	25,940	250,936	276,876
Supporting activities	-	30,541	30,541

	19,139	282,098	301,237

			2024
	Activities undertaken directly	Support costs (see note 7 )	Total
	£	£	£
Raising funds	-	506	506
Primary and secondary education	43,266	247,075	290,341
Supporting activities	-	19,805	19,805

	43,266	267,386	310,652

7. Support Costs

				2025
	Raising funds	Primary and secondary education	Supporting activities	Total
	£	£	£	£
Employee costs	-	212,503	-	212,503
Premises expenses	-	9,737	3,110	12,847
General administration	621	28,696	16,952	46,269
Depreciation	-	-	10,479	10,479

	621	250,936	30,541	282,098

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Emmaus School Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

				2024
	Raising funds	Primary and secondary education	Supporting activities	Total
	£	£	£	£
Employee costs	-	211,940	-	211,940
Premises expenses	-	7,852	5,235	13,087
General administration	506	27,283	8,119	35,908
Depreciation	-	-	6,451	6,451

	506	247,075	19,805	267,386

8. Independent Examiner's Remuneration

	2025	2024
	£	£
Independent examination of the financial statements	1,250	-

9. Staff Costs

Staff costs were as follows:

	2025	2024
	£	£
Wages and salaries	200,223	194,315
Social security costs	3,564	4,392
Other pension costs	7,496	11,482

	211,283	210,189

No employees had employee benefits in excess of £60,000 (2024: nil). Pension costs are allocated to activities in proportion to the related staffing costs incurred and are wholly charged to unrestricted funds.

The charity trustees were not paid or received any other benefits from employment with the Trust or its subsidiary in the year (2024: £nil) neither were they reimbursed expenses during the year (2024: £nil). No charity trustee received payment for professional or other services supplied to the charity (2024: £nil).

10. Average Number of Employees

Average number of employees during the year was: 20 (2024: 18)

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Emmaus School Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

11. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Buildings Under Construction	Total
	£	£	£	£
Cost
As at 1 September 2024	-	43,901	48,437	92,338
Additions	350,000	2,240	702,438	1,054,678
Disposals	-	-	(8,073 )	(8,073 )

As at 31 August 2025	350,000	46,141	742,802	1,138,943

Depreciation
As at 1 September 2024	-	30,154	-	30,154
Provided during the period	2,917	7,562	-	10,479

As at 31 August 2025	2,917	37,716	-	40,633

Net Book Value
As at 31 August 2025	347,083	8,425	742,802	1,098,310

As at 1 September 2024	-	13,747	48,437	62,184

12. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	22,040	22,201
Prepayments and accrued income	6,526	5,441
VAT recoverable on restricted assets	158,188	-

	186,754	27,642

Short term debtors are measured at transaction price, which is usually the invoice price, less any impairment losses for bad and doubtful debts.

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Emmaus School Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

13. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Taxation and social security	15,592	907
Accruals and deferred income	9,511	50,522

	25,103	51,429

Short term creditors are measured at transaction price, which is usually the invoice price.

14. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Accruals and deferred income	22,867	27,279

15. Deferred Income

Deferred income movements in the year were as follows:

	2025	2024
	£	£
Balance at the start of the period	74,708	36,946
Income deferred in the current period	606	47,429
Amounts released in income from previous periods	(47,429 )	(9,667 )

Balance at the end of the period	27,885	74,708

16. Pension Commitments

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

During the year the charge to the statement of financial activities in respect of defined contribution schemes was £7,496 (2024: £11,482).

At the balance sheet date contributions of £548 (2024: £549) were due to the fund and are included in creditors.

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Emmaus School Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

17. Movement in Funds

	As at 1 September 2024	Income	Expenditure	As at 31 August 2025
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	28,883	301,111	48,763	378,757
Restricted funds
Restricted funds	599,592	370,523	-	970,115


Total funds	628,475	671,634	48,763	1,348,872

	As at 1 September 2023	Income	Expenditure	Transfers	As at 31 August 2024
	£	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	56,851	282,684	(310,652 )	-	28,883
Restricted funds
Restricted funds	402,749	148,406	-	48,437	599,592


Total funds	459,600	431,090	(310,652 )	48,437	628,475

18. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.

No trustee expenses have been incurred.

19. Related Party Disclosures

During the year, a building used by the charity was endowed to the charity from a custodian trustee.

20. Company limited by guarantee

The company is limited by guarantee, not having a share capital. Every member of the company undertakes to contribute such amounts as may be required (not exceeding £1) to the assets of the company should it be wound up while he or she is a member, or within one year after he or she ceases to be a member, for payments of the company's debts and liabilities contracted before he or she ceases to be a member, and of the costs, charges and expenses of winding up, and for adjustment of the rights of the contributories among themselves.

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Emmaus School Ltd

Detailed Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 August 2025

Detailed Statement of Financial Activities (including Income and Expenditure Account)

	2025	2024
	Total funds	Total funds
	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies

Donations and gifts	318,792	118,654
Gift aid	37,745	13,610
Grants	24,168	26,053

	380,705	158,317

Charitable Activities:
Primary and secondary education
Income from charitable activities	272,807	256,391

	272,807	256,391
Investments

Bank interest receivable	18,122	16,382

	18,122	16,382


	671,634	431,090
EXPENDITURE ON:
Raising funds
Bad debts written off	6,801	-
Advertising and marketing costs	(621)	(506)

	6,180	(506)
Charitable Activities:
Primary and secondary education
Purchases	(16,279)	(14,986)
Educational trips	-	(8,646)
Temporary staff	(9,661)	(19,641)
Depreciation of plant and machinery	-	7
Wages and salaries	(200,223)	(194,315)
Employers NI	(3,564)	(4,392)
Employers pensions - defined contributions scheme	(7,496)	(11,482)
Staff training	(1,220)	(1,751)
Rent	(909)	(1,805)
Rates	(2,944)	(588)
Water rates	(1,014)	(1,014)
Repairs and maintenance	(634)	(857)
Cleaning	(4,236)	(3,588)
Computer software, consumables and maintenance	(12,625)	(13,202)

...CONTINUED

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Emmaus School Ltd

Detailed Statement of Financial Activities (including Income and Expenditure Account) (continued)

For The Year Ended 31 August 2025

Supporting activities
Repairs, renewals and maintenance	(4,175)	(1,725)
Insurance	(4,628)	(4,548)
Subscriptions	(5,506)	(6,398)
Sundry expenses	(1,762)	(1,410)

	(276,876)	(290,341)
Light and heat	(3,110)	(5,235)
Printing, postage and stationery	(2,871)	(3,103)
Telecommunications and data costs	(921)	(880)
Independent examiner's fees	(1,250)	-
Accountancy fees	(1,785)	(1,935)
Legal fees	(5,674)	-
Bookkeeping fees	(4,190)	(1,893)
Bank charges	(261)	(308)
Depreciation	(10,479)	(6,451)

	(30,541)	(19,805)

	(301,237)	(310,652)

NET INCOME	370,397	120,438

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