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2022-03-31-accounts

Registered number: 02372121 Charity number: 1007317

THE ELM FOUNDATION LTD

(A company limited by guarantee) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

THE ELM FOUNDATION LTD

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the charitable company, its Trustees and advisers 1
Trustees' report 2 - 10
Independent auditor's report on the financial statements 11 - 14
Statement of financial activities 15
Balance sheet 16
Statement of cash flows 17
Notes to the financial statements 18 - 35

THE ELM FOUNDATION LTD

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022

Trustees Ms MaryMcElvaney,Chair
Ms Victoria Louise Sweetmore
Mr Carl Griffiths,Vice Chair
Ms Jill Gregory
Ms Deborah Jayne Marlow
Ms Jill Ryalls(resigned 9 November 2021)
Ms Teresa Katherine Waldron
Ms Lisa Haythorne
Mr Gerard Cahill,Treasurer
Ms Theresa Marie Tann
Ms MaryLees(appointed 9 November 2021)
Ms Fiona Hambleton-Relf(appointed 14 December 2021)
Company registered
number
02372121
Charity registered number
1007317
Registered office
6 Fairfield Road
Chesterfield
Derbyshire
S40 4TP
Independent auditor
BHP LLP
Chartered Accountants
57-59 Saltergate
Chesterfield
S40 1UL
Bankers
HSBC
Market Place
Chesterfield
Derbyshire
S40 1TN

Page 1

THE ELM FOUNDATION LTD

(A company limited by guarantee)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their annual report together with the audited financial statements of the charitable company for the 1 April 2021 to 31 March 2022. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the charitable company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Vision

Freedom from Domestic Abuse.

Mission Statement

‘To realise our vision we will create lasting change by developing responses to domestic abuse that increases safety for victims.’

Values

All The Elm Foundations activities are underpinned by a set of values adopted by the organisations volunteers, staff, management and trustees:

Welcoming and empowering We listen, encourage and equip people to make informed choices
Places of safety We provide environments where anyone using our services can talk freely, live safely
and think about the future
We do not judge We listen and provide the environment where people using the service can speak
about their experiences freely
Trust You can trust The Elm Foundation: confidentiality is paramount and people using our
service can count on professional, highly skilled support
Equality We believe in providing support to anyone who needs it, regardless of their regardless
of their sex, ethnicity, religion, age, sexual orientation or disability
Raising awareness The Elm Foundation encourages people to understand domestic abuse and to seek
support and report concerns.

Page 2

THE ELM FOUNDATION LTD

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Executive Summary

The purpose of this document is to demonstrate the work of The Elm Foundation, which provides a range of domestic abuse services within Derbyshire, in order to give a strategic overview and a clear picture of the organisation’s activities and how the future development of our services are seen.

The Elm Foundation has 36 years’ experience delivering a range of interventions for adults, children and young people who are experiencing or have experienced domestic abuse. Our primary purpose is to work with those affected, to assess immediate risk, put safety measures in place and using a multi-agency approach offer a support package which builds resilience against future harm.

The Elm Foundation continues to operate within a strong structure which allows for the delivery of excellent services and organisational growth. This has been particularly beneficial having continued to operate throughout the coronavirus pandemic.

The Board of Trustees are responsible for strategic development and financial accountability. During the year sub-groups have been established to focus on specific areas of work to ensure additional strategic oversight. Following a skill audit, the board has been recruited to enhance expertise from a range of sectors including, Finance, Social Care, Marketing and Fundraising.

Page 3

THE ELM FOUNDATION LTD

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Objectives and activities

a. Policies and objectives

Charitable and Social Objectives

Objective 1

To provide a range of specialist services for victims who have experienced domestic abuse.

Objective 2

To raise awareness of, influence and shape policy and service delivery around domestic abuse and support for victims.

Objective 3

To work in partnership with stakeholders, providing education and preventative work.

Business Objectives

Objective 4

To build and maintain effective governance, management and staffing to support the delivery of high quality services.

Objective 5

To achieve and maintain sustainability of services.

Objective 6

To be recognised as a leader and model of excellence in delivering domestic abuse support in Derbyshire.

The Elm Foundation believes that the strategic objectives provide challenging yet achievable targets for its work and that the achievement of these will further establish The Elm Foundation as a leader in the delivery of services for victims of domestic abuse

Page 4

THE ELM FOUNDATION LTD

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Objectives and activities (continued)

b. Activities for achieving objectives

Operational Activity:

To achieve the above objectives The Elm Foundation undertakes a range of operational activities which include:

Refuge accommodation

During the last year we have successfully supported in our refuge accommodation 162 families who had escaped from their abusive partners. Our accommodation provides a range of options, including fully accessible disabled units as well as a specialist complex needs provision. Our female refuges are accredited by Safe lives which ensures the principles of ‘no one turned away’ is applied and offering a 24-hour service enabling access to our refuges.

The organisation has 3 women’s refuges and 1 male refuge, providing 25 adult bed spaces.

Community based services

We provide high quality support to victims living in their own homes across Chesterfield, North East Derbyshire, Bolsover and Amber Valley.

Support includes intensive safety planning, assistance through criminal and civil legal processes and help to recover from the harmful impacts of abuse through 1-2-1 work and groups.

Over the last year we have supported 2,007 adults to be safer in our community.

Therapeutic Services

Our Therapeutic Service offers a range of interventions for adults and children who are recovering from domestic abuse. Supported by volunteer counsellors, specialist funded trauma counsellors and art therapists, the service has provided support to 130 adults and 40 children over the last year. The service has started to introduce holistic therapies such as mindfulness and meditation.

Children and Young People Services

Our children and young people service primarily works with those young people who have been living in homes where there has been domestic abuse, the main purpose is to support these young people using specialist resources, to offer a safe and reassuring space where they are able to talk about their experiences and understand they are never to blame.

We also deliver the RESPECT ‘change’ programme which works with young people who have been identified as using harmful behaviours. Focussing on the prevention element within the Violence against women and girl’s Strategy 2021. We believe it is important to address these issues at an early age to prevent young people becoming perpetrators of domestic abuse.

Further building on the Children and young people’s service throughout the year we have delivered a very specific project for young people. Targeting 13 – 24-year-olds who have presented with a variety of complex issues relating to unhealthy relationships, sexual abuse and child sexual exploitation. This project has been delivered successfully and has also been delivered in a group setting to ‘at risk’ children in secondary schools.

878 children and young people benefited from this service during the year.

Page 5

THE ELM FOUNDATION LTD

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Objectives and activities (continued)

The Derbyshire Domestic Abuse Helpline

The Elm Foundation were commissioned by Derbyshire County Council on the 1st April 2020 to deliver the Derbyshire County Wide Helpline. The Helpline is a service for victims and those affected by domestic abuse, intimate partner violence and relationship abuse. The Helpline is the main referral point into services within Derbyshire for those needing support, this includes refuge, community support and counselling. During the year 2021 – 2022 the helpline took 8,537 calls.

Changes Perpetrator Programme

Commencing in November 2021 and commissioned by the Police and Crime Commissioners Officer of Derbyshire, The Elm Foundation are now delivering in partnership with Crossroads and NCHA Wish a RESPECT perpetrator programme for adults in Derbyshire and Derby City. The programme aims to work with perpetrators to:

Training and Consultancy

The Elm Foundation provides a range of training and consultancy to across Derbyshire and the UK, education organisations and individuals on domestic abuse. All training is accredited and is available online or in person. During the year training was delivered to over 1800 individuals.

Demand and Need for Services

During 2017 – 2018 1.3 million women experienced domestic violence and the police recorded 599,549 domestic violence related crimes (ONS, 2018), an increase of 23% on the previous year.

While we must see this positively, with victims having more confidence to come forward, there remains international recognition that domestic abuse and sexual violence are under reported. We are still only seeing the tip of the iceberg.

Fundraising

The operating environment for the Third sector is one of rapid and radical change which requires close analysis and flexibility to ensure that possible threats are responded to and opportunities are followed up. The economic conditions that The Elm Foundation operate in continue to be challenging, with increasing demand on services, a competitive funding environment and reliance on government grants all contribute to the unsettling environment. Charitable funds are already more difficult to secure as grant providers find their income diminishing and more claims are made on their resources.

To ensure sustainability of the organisation and to continue delivering services, the organisation has diversified its funding streams to ensure, with a mixture of government grants, trusts and foundations, individual giving, and generated income through the trading of training and rental income.

The organisation has subscribed to The Fundraising Regulator which is the independent regulator of charitable fundraising

Page 6

THE ELM FOUNDATION LTD

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Objectives and activities (continued)

in England, Wales, and Northern Ireland. There have been no failures to comply with the fundraising standards and the Fundraising Officer is managed by the Chief Executive and is accountable to the Board of Trustees. There have been no complaints made to the charity in relation to fundraising and the organisation adheres to GDPR regulations and has policies and procedures in place to ensure individuals privacy is protected.

Financial viability

A reserve fund is maintained to allow for continuation or reorganisation in the event of the withdrawal of funding.

The Elm Foundation in common with most Third sector organisations has seen many challenges. We have had to adapt to a changing environment which has seen more competition for funding. We have met these challenges robustly and we are in a strong position to move forward.

To ensure that the overall vision of the organisation is realised The Elm Foundation at times makes decisions to make a financial loss within certain projects. An example of this is where we would accept a refuge client with insecure immigration status knowing that we are unable to claim Housing Benefit.

Conclusion

The Elm Foundation in common with most Third sector organisations has seen many challenges. We have had to adapt to a changing environment which has seen more competition for funding. We have met these challenges robustly and we are in a strong position to move forward. The objectives set will see The Elm Foundation maintain a strong position within Derbyshire. In order to ensure we stay on track with our business plan, quarterly reviews will be held with the board of trustees and senior management team.

c. Volunteers

We continue to train and support volunteers who have been actively engaged in the areas of Counselling and other Therapeutic interventions.

d. Main activities undertaken to further the charitable company's purposes for the public benefit

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities. In particular, the trustees consider how the planned activities will contribute to the aims and objectives they have set.

Achievements and performance

a. Investment policy and performance

To hold cash reserves in an interest bearing deposit accounts at the best available rate of interest to maximise investment income for the organisation.

Financial review

Page 7

THE ELM FOUNDATION LTD

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

a. Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

b. Reserves policy

A reserve of one month’s operating costs (excluding fixed term projects) is maintained to allow for continuation or re organisation in the event of the withdrawal of a course in funding. We calculate that a sum of £114,293 is required for this purpose. The reserves held by the charity at the end of this reporting period total £625,225 (2021: £608,982) of which £42,609 are restricted (2021: £Nil) and £582,616 are unrestricted.

c. Principal funding

The charity also receives a considerable proportion of its funding from Derbyshire County Council, Ministry of Justice, Office of Police and Crime Commissioner Derbyshire, National Lottery and other trusts and foundations. Other sources of funding include rents for residents of the four refuges, mainly from Housing Benefit, fundraising and CPD accredited training courses.

Structure, governance and management

a. Constitution

The charitable company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 14 April 1989.

The registered charity number is 1007317.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 March 2022 was 5 (2020: 5). The Management Committee are members of the charity but this entitles them only to voting rights. The Management Committee have no beneficial interest in the Charity.

b. Methods of appointment or election of trustees

Various channels in the voluntary sector are explored in our efforts to recruit more Management Committee, who can be either co-opted onto the management committee throughout the year, or voted on at the Annual General Meeting. The organisation needs three Management Committee present for meetings to be quorate.

There is no formal induction process. All Management Committee receive a copy of the charity’s Policies and Procedures Manual, which includes our policy on the Roles and Responsibilities of Management Members. New Management Committee are encouraged to visit the refuges and advice centre regularly.

Page 8

THE ELM FOUNDATION LTD

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Structure, governance and management (continued)

c. Pay policy for senior staff

Key management personnel are as detailed on page 1. Their salaries are determined by the NJC scale which are then agreed and approved by the Board of Trustees.

d. Related party relationships

Three of our refuges are owned by Housing Associations for whom we are managing agents. East Midland Housing Association and Stonham Housing Association are therefore related parties of The Elm Foundation.

e. Risk management

The Management Committee has developed comprehensive financial management policies, covering effective financial management, business planning, budget monitoring, delegated authorities, audited accounts and risk management. These policies are reviewed on an annual basis. Other procedures to manage risk are in place, including undertaking Disclosure Applications to the Criminal Records Bureau for all paid and unpaid staff and Management Committee members. A staff supervision system is in place. Work has been undertaken to improve and extend the charity’s risk assessment activities carried out in the support of clients. Building and Fire risk assessments have been submitted to the appropriate authorities.

Plans for future periods

Future developments

To develop a social enterprise through delivery of training and consultancy. To further develop the work of young people who are using abusive behaviours. The organisation is working on developing a range of accommodation options, including emergency crash pads, self contained units and reprovision of its head office whilst continuing to develop the training packages and generated income from individual giving and corporate sponsorship.

Page 9

THE ELM FOUNDATION LTD

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Statement of trustees' responsibilities

The trustees (who are also the directors of the charitable company 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 . Under company law, the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

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

Disclosure of information to auditor

In so far as the trustees are aware:

Auditor

The auditor, BHP LLP, has indicated their willingness to continue in office. The trustees will propose a motion reappointing the auditor at a meeting of the trustees.

Approved by order of the members of the board of trustees and signed on their behalf by: M McElvaney M McElvaney (Sep 26, 2022 12:04 GMT+1)

Mary McElvaney

Date: Sep 26, 2022

Page 10

(A company limited by guarantee)

THE ELM FOUNDATION LTD

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ELM FOUNDATION LTD

Opinion

We have audited the financial statements of The Elm Foundation Ltd (the 'charitable company') for the year ended 31 March 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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 charitable company'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.

Page 11

(A company limited by guarantee)

THE ELM FOUNDATION LTD

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ELM FOUNDATION LTD (CONTINUED)

Other information

The other information comprises the information included in the trustees' report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the trustees' report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

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.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report.

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

Page 12

(A company limited by guarantee)

THE ELM FOUNDATION LTD

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ELM FOUNDATION LTD (CONTINUED)

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the charitable company the industry in which it operates, and considered the risk of such regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error.

We focussed on laws and regulations relevant to the charitable company which could give rise to a material misstatement in the financial statements. Our testing included discussions with management, trustees and those staff with direct responsibility for the compliance of laws and regulations, and agreeing financial statement disclosures to underlying supporting documentation. There are inherent limitations in the audit procedures described and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.

As part of our audit, we addressed the risk of management override of internal controls, including testing of journals and review of the nominal ledger. We evaluated whether there was evidence of bias by the trustees that represented a risk of material misstatement due to fraud.

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

Page 13

(A company limited by guarantee)

THE ELM FOUNDATION LTD

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ELM FOUNDATION LTD (CONTINUED)

Use of our report

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

Adrian Staniforth (Sep 26, 2022 13:17 GMT+1)

Adrian Staniforth (Senior statutory auditor)

for and on behalf of BHP LLP Chartered Accountants Statutory Auditor 57-59 Saltergate Chesterfield S40 1UL

Date: Sep 26, 2022

Page 14

THE ELM FOUNDATION LTD

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

Note
Income from:
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net (expenditure)/income
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2022
£
30,695
320,970
69,308
420,973
446,298
446,298
(25,325)
(1,041)
(26,366)
608,982
(26,366)
582,616		 Restricted
funds
2022
£
1,162,839
-
585
1,163,424
1,121,856
1,121,856
41,568
1,041
42,609
-
42,609
42,609		 Total
funds
2022
£
1,193,534
320,970
69,893
1,584,397
1,568,154
1,568,154
16,243
-
16,243
608,982
16,243
625,225		 Total
funds
2021
£
1,230,378
324,912
73,936
1,629,226
1,274,002
1,274,002
355,224
-
355,224
253,758
355,224
608,982

The Statement of Financial Activities includes all gains and losses recognised in the year.

Page 15

THE ELM FOUNDATION LTD

(A company limited by guarantee)

REGISTERED NUMBER: 02372121

BALANCE SHEET

AS AT 31 MARCH 2022

Note
Fixed assets
Tangible assets
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within one year
14
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than
one year
15
Total net assets
Charity funds
Restricted funds
16
Unrestricted funds
16
Total funds		 110,645
373,489
484,134
(87,434)		 2022
£
228,525
228,525
396,700
625,225
-
625,225
42,609
582,616
625,225		 366,530
475,413
841,943
(383,045)		 2021
£
211,837
211,837
458,898
670,735
(61,753)
608,982
-
608,982
608,982

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

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

The financial statements were approved and authorised for issue by the trustees and signed on their behalf by:

M McElvaney

M McElvaney (Sep 26, 2022 12:04 GMT+1)

Ms Mary McElvaney

Chair Date: Sep 26, 2022

The notes on pages 18 to 35 form part of these financial statements.

Page 16

THE ELM FOUNDATION LTD

(A company limited by guarantee)

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2022

Note
Cash flows from operating activities
Net cash used in operating activities
19
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
Repayments of borrowing
Net cash used in financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
20		 2022
£
9,987
(42,966)
(42,966)
(68,945)
(68,945)
(101,924)
475,413
373,489		 2021
£
332,304
(29,635)
(29,635)
(7,481)
(7,481)
295,188
180,225
475,413

Page 17

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

1. Company status

The charitable company is a company by guarantee in the United Kingdom. The members of the company are the Trustees named on page 1. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charitable company.

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) (issued in October 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Elm Foundation Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy.

The financial statement have been prepared in £ sterling which is the functional currency of the charity and rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.2 Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

2.3 Income

All income is recognised once the charitable company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

Page 18

(A company limited by guarantee)

THE ELM FOUNDATION LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charitable company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Government grants

Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitilement is not met then these amounts are deferred.

2.6 Taxation

The charitable company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charitable company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

2.7 Tangible fixed assets and depreciation

Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Page 19

(A company limited by guarantee)

THE ELM FOUNDATION LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

2. Accounting policies (continued)

2.7 Tangible fixed assets and depreciation (continued)

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.

Depreciation is provided on the following bases:

Freehold property - 2% straight line
Fixtures and fittings - 25% reducing balance
Office equipment - 25% reducing balance
Computer equipment - 25% reducing balance

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charitable company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.11 Financial instruments

The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.12 Employee benefits

When employees have rendered service to the charity, short term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Page 20

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

2. Accounting policies (continued)

2.13 Operating leases

Rentals paid under operating leases are charged to the Statement of financial activities on a straight line basis over the lease term.

2.14 Pensions

The charitable company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charitable company to the fund in respect of the year.

2.15 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charitable company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charitable company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The charitable company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. There are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets of liabilities within the next financial year.

Page 21

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

4. Income from donations and legacies

Grants
Total 2021		 Unrestricted
funds
2022
£
30,695
-		 Restricted
funds
2022
£
1,162,839
1,230,378		 Total
funds
2022
£
1,193,534
1,230,378		 Total
funds
2021
£
1,230,378

5. Income from charitable activities

Refuge rents
Total 2021		 Unrestricted
funds
2022
£
320,970
324,912		 Total
funds
2022
£
320,970
324,912		 Total
funds
2021
£
324,912

6. Income from other trading activities

Generating funds
Total 2021		 Unrestricted
funds
2022
£
69,308
71,081		 Restricted
funds
2022
£
585
2,855		 Total
funds
2022
£
69,893
73,936		 Total
funds
2021
£
73,936

Page 22

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

7. Analysis of expenditure on charitable activities

Management costs
Office costs
Staff costs - note 11
Premises costs
Publicity
Recruitment
Service user contracts
Training and development
Travel expenses
Other expenses
Depreciation
Total 2021		 Unrestricted
funds
2022
£
62,056
6,690
301,113
28,365
9,987
166
2,707
16,070
3,420
10,138
5,586
446,298
40,769		 Restricted
funds
2022
£
155,323
23,174
758,063
74,500
27,210
271
9,038
41,503
11,021
1,061
20,692
1,121,856
1,233,233		 Total
funds
2022
£
217,379
29,864
1,059,176
102,865
37,197
437
11,745
57,573
14,441
11,199
26,278
1,568,154
1,274,002		 Total
funds
2021
£
247,220
29,396
851,957
94,099
8,516
187
11,289
1,142
7,649
4,452
18,095
1,274,002

Page 23

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

8. Analysis of expenditure by activities

9. Refuge rents
Total 2021
Analysis of support costs
Governance (note 9)
Information Technology
Human Resources
Governance costs		 Activities
undertaken
directly
2022
£
1,509,519
1,216,765		 Support costs
2022
£
58,635
57,237		 Total
funds
2022
£
1,568,154
1,274,002
Total
funds
2022
£
25,954
18,766
13,915
58,635
2022		 Total
funds
2021
£
1,274,002
Total
funds
2021
£
16,058
22,227
18,952
57,237
2021
£ £
Auditor's remuneration 10,200 7,458
Payroll fees 3,760 3,285
Legal & Professional 11,994 5,315
25,954 16,058

Page 24

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

10. Auditor's remuneration

2022 2021
£ £
Fees payable to the charitable company's auditor for the audit of the charitable
company's annual accounts 10,200 7,458
Fees payable to the charitable company's auditor in respect of:
All non-audit services not included above 13,351 8,600

11. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2022
£
955,646
74,932
28,598
1,059,176		 2021
£
776,990
59,645
15,322
851,957

The key management personnel of the charity comprise of the Chief Executive Officer, Deputy Chief Executive Officer and Business Manager.

The total employee benefits of key management personnel of the charity were £140,246 (2021: £140,036).

The average number of persons employed by the charitable company during the year was as follows:

2022 2021
No. No.
Average number of staff employed 54 41

No employee received remuneration amounting to more than £60,000 in either year.

Page 25

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

12. Tangible fixed assets

Cost or valuation
At 1 April 2021
Additions
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021		 Freehold
property
£
185,610
-
185,610
33,408
3,712
37,120
148,490
152,202		 Fixtures and
fittings
£
278,222
31,797
310,019
251,250
13,242
264,492
45,527
26,972		 Office
equipment
£
15,148
-
15,148
3,394
2,939
6,333
8,815
11,754		 Computer
equipment
£
32,932
11,169
44,101
12,023
6,385
18,408
25,693
20,909		 Total
£
511,912
42,966
554,878
300,075
26,278
326,353
228,525
211,837

13. Debtors

Trade debtors
Other debtors
Prepayments and accrued income		 2022
£
97,363
1,838
11,444
110,645		 2021
£
346,390
12,115
8,025
366,530

Page 26

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

14. Creditors: Amounts falling due within one year

Bank loans
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 April 2021
Resources deferred during the year
Amounts released from previous periods		 2022
£
-
5,375
28,008
-
54,051
87,434
2022
£
189,822
39,623
(189,822)
39,623		 2021
£
7,192
12,396
15,008
574
347,875
383,045
2021
£
35,212
189,822
(35,212)
189,822

Deferred income relates to grant income received in advance of the period for which it relates.

15. Creditors: Amounts falling due after more than one year

2022 2021
£ £
Mortgages - 61,753

The aggregate amount of liabilities payable or repayable wholly or in part more than five years after the reporting date is:

Mortgage
Repayable by instalments		 2022
£
-
-		 2021
£
61,753
61,753

Included in creditors is a mortgage totalling £nil (2021: £68,945) which is secured on assets of the charitable company.

Page 27

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

16. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds - all funds
Restricted funds
Helpline
MHCLG
PCC
Porticus
DCC Commissioned Services
Ministry of Justice
National Lottery
Public Health
NHS Foundation
Home Office (PCC Choices)
Home Office (PCC Changes)
Total of funds		 Balance at 1
April 2021
£
608,982
-
-
-
-
-
-
-
-
-
-
-
-
608,982		 Income
£
420,973
157,540
150,300
8,545
24,500
516,125
35,000
58,951
40,833
16,810
26,335
128,485
1,163,424
1,584,397		 Expenditure
£
(446,298)
(163,123)
(164,184)
(9,586)
(31,844)
(466,767)
(44,671)
(73,326)
(30,087)
(14,003)
(24,821)
(99,444)
(1,121,856)
(1,568,154)		 Transfers
in/out
£
(1,041)
5,583
13,884
1,041
7,344
(41,186)
9,671
14,375
(9,671)
-
-
-
1,041
-		 Balance at 31
March 2022
£
582,616
-
-
-
-
8,172
-
-
1,075
2,807
1,514
29,041
42,609
625,225

Page 28

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

16. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds - all funds
Restricted funds
ABC Project
Covid 19 MHCLG
CYP Lottery
Helpline
Lottery Covid
MHCLG
PCC
Porticus
Severn Trent
DCC Commissioned Services
Total of funds		 Balance at
1 April 2020
£
252,684
1,074
-
-
-
-
-
-
-
-
-
1,074
253,758		 Income
£
395,993
-
139,563
74,856
173,619
28,508
75,385
20,509
24,500
16,119
680,174
1,233,233
1,629,226		 Expenditure
£
(40,769)
-
(139,563)
(74,856)
(173,619)
(28,508)
(75,385)
(20,509)
(24,500)
(16,119)
(680,174)
(1,233,233)
(1,274,002)		 Transfers
in/out
£
1,074
(1,074)
-
-
-
-
-
-
-
-
-
(1,074)
-		 Balance at
31 March
2021
£
608,982
-
-
-
-
-
-
-
-
-
-
-
608,982

Page 29

(A company limited by guarantee)

THE ELM FOUNDATION LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

16. Statement of funds (continued)

Covid 19 MHCLG

This was to increase staff provision in both our refuges and community services in order to support a larger number of victims of domestic abuse that we saw needed support as a result of Coronavirus.

CYP Lottery

This was emergency coronavirus funding provided by the national lottery, to enable the organisation to increase its staffing provision to support the high numbers of children and young people being referred to The Elm Foundation.

Helpline

Funding was awarded by Derbyshire County Council to deliver the countywide domestic abuse helpline.

Lottery Covid

Emergency coronavirus funding to ensure the organisation had the finances to manage the demand on victim services.

MHCLG

Funding was awarded for the organisation to support individuals who have complex needs, to access safe accommodation through the extension of operating hours. This funding also allowed the organisation to promote domestic abuse services and generate awareness to members of marginalized communities across Derbyshire where referral rates are low.

PCC

Awarded by the Police Crime Commissioner to employ a training officer whose focus has been on developing the skills and knowledge of the primary care sector in relation to domestic abuse.

Porticus

Awarded funding to support young people aged between 13-25 that have experienced domestic abuse, human trafficking, child sexual exploitation.

Severn Trent

This fund was granted to enable the organization to decorate and refurbish all refuges.

DCC Lot 2

Derbyshire County Council funding to provide refuge accommodation, community outreach support, children and young people services.

DCC Countrywide Helpline

Funding awarded from Derbyshire County Council to deliver the countywide domestic abuse helpline.

Ministry of Justice

This fund is to provide a young persons IDVA who will support those who are at high risk of domestic abuse, under the age of 18, or are living in homes where there is high risk of domestic abuse.

National Lottery

To deliver a Respect early intervention young people who harm project, to prevent young people using abusive behaviours.

Public Health

Additional workers to assist with Community support of clients due to high waiting lists during global pandemic.

Page 30

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

NHS Foundation

A fund to extend our provision of the Respect children and young persons programme Choices, to include sessions around sexual health.

Home Office (PCC Choices)

The project is delivered to children and young people who are at risk of harming intimate partners, family members or friends. The project involves providing intensive one to one support to address and reduce abusive tendencies, help children and young people make positive choices and to prevent them from becoming adult perpetrators of abuse.

Home Office (PCC Changes)

The Changes Project is a voluntary intervention programme for perpetrators of domestic abuse. Through practical interventions, the programme aims to reduce a perpetrators abusive behaviour and manage risk. The programme is delivered in group and one to one settings in conjunction with a safety worker who will work with the victims offering support and safety planning.

DCC Commissioned Services

Derbyshire County Council funding to provide refuge accommodation, community outreach support, children and young people services.

£5,582, £13,884, £14,375, and £7,344 was transferred into DCC Countywide Helpline, MHCLG, National Lottery and Porticus, respectively, from DCC to fund overspends in these restricted funds. The overspends incurred on these funds align with the restricted purpose of the DCC fund.

£1,041 was transferred from unrestricted funds to PCC to fund the overspend.

Page 31

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

17. Summary of funds

Summary of funds - current year

General funds
Restricted funds
Summary of funds - prior year
General funds
Restricted funds		 Balance at 1
April 2021
£
608,982
-
608,982
Balance at
1 April 2020
£
252,684
1,074
253,758		 Income
£
420,973
1,163,424
1,584,397
Income
£
395,993
1,233,233
1,629,226		 Expenditure
£
(446,298)
(1,121,856)
(1,568,154)
Expenditure
£
(40,769)
(1,233,233)
(1,274,002)		 Transfers
in/out
£
(1,041)
1,041
-
Transfers
in/out
£
1,074
(1,074)
-		 Balance at 31
March 2022
£
582,616
42,609
625,225
Balance at
31 March
2021
£
608,982
-
608,982

18. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2022
£
228,525
441,525
(87,434)
582,616		 Restricted
funds
2022
£
-
42,609
-
42,609		 Total
funds
2022
£
228,525
484,134
(87,434)
625,225

Page 32

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

18. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Unrestricted
funds
2021
£
211,837
841,943
(383,045)
(61,753)
608,982		 Total
funds
2021
£
211,837
841,943
(383,045)
(61,753)
608,982

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

Net income for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Net cash provided by operating activities
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents		 2022
£
16,243
26,278
255,885
(288,419)
9,987
2022
£
373,489
373,489		 2021
£
355,224
18,095
(339,562)
298,547
332,304
2021
£
475,413
475,413

20. Analysis of cash and cash equivalents

Page 33

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

21. Analysis of changes in net debt

Cash at bank and in hand
Debt due within 1 year
Debt due after 1 year		 At 1 April
2021
£
475,413
(7,192)
(61,753)
406,468		 Cash flows
£
(101,924)
7,192
61,753
(32,979)		 At 31 March
2022
£
373,489
-
-
373,489

22. Operating lease commitments

At 31 March 2022 the charitable company had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years		 2022
£
7,509
17,645
-
25,154		 2021
£
8,229
22,526
2,628
33,383

The following lease payments have been recognised as an expense in the Statement of financial activities:

2022 2021
£ £
Operating lease rentals 124,192 116,423

23. Related party transactions

No trustees neither received nor waived any remuneration during the year (2021: Nil).

No trustee received travel and subsistence and supervision expenses during the year of £nil (2021: £nil).

During the year one family member of key management personnel provided cleaning services to the charity at a cost of £5,195 (2021: £5,040).

Page 34

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

24. Government grants

2022 2021
£ £
Public Health 40,833 -
Derbyshire CountyCouncil 515,540 677,319
Helpline 157,540 173,619
713,913 850,938

Page 35

Advisory | Assurance | Corporate Finance | Tax

Appendix 1 – Profit reconciliation

We set out below the identified audit misstatements that have been adjusted in the financial statements, and show a reconciliation between the surplus/(deficit) per the trial balance/management accounts provided at the planning stage and that reported in the financial statements.

----- Start of picture text -----
Total
£
Surplus per trial balance or management accounts
15,292
Bad Debt write off (10,277)
Accruals (3,997)
Capital Expenditure Expensed in P&L 2,612
Depreciation Correction 1,893
Other Creditor Write off 574
PCC Changes Deferred Income Correction 10,146
Surplus per the draft financial statements 16,243
----- End of picture text -----

On behalf of the board, I hereby approve the adjustments summarised above:

Name:

M McElvaney

Position

: Sep 26, 2022

8

BHP LLP 57-59 Saltergate Chestefield S40 1UL

Dear Sirs

We confirm to the best of our knowledge and belief that the following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience (and, where appropriate, of inspection of supporting documentation) sufficient to satisfy ourselves that we can properly make each of the following representations to you in connection with your audit of the charity's financial statements for the year ended 31 March 2022.

General

Internal control and fraud

T Helpline: 08000 198 668 T Office: 01246 540464 E info@theelmfoundation.org.uk A The Elm Foundation 6 Fairfield Road, Chesterfield, Derbyshire S40 4TP W www.theelmfoundation.org.uk

suspected fraud affecting the entity’s financial statements communicated by current or former employees, analysis, regulators or others.

Assets and liabilities

Accounting estimates

Loans and arrangements

Legal claims

11 We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for, and disclosed in, the financial statements.

T Helpline: 08000 198 668 T Office: 01246 540464 E info@theelmfoundation.org.uk A The Elm Foundation 6 Fairfield Road, Chesterfield, Derbyshire S40 4TP

W www.theelmfoundation.org.uk

Law and regulations

Related parties

Subsequent events

Going concern

Grants and donations

Yours faithfully

T Helpline: 08000 198 668 T Office: 01246 540464 E info@theelmfoundation.org.uk A The Elm Foundation 6 Fairfield Road, Chesterfield, Derbyshire S40 4TP

W www.theelmfoundation.org.uk

M McElvaney Sep 26, 2022 M McElvaney (Sep 26, 2022 12:04 GMT+1) ..............................................................................................................................

Signed on behalf of the board of trustees Date

2022-09-26

The Elm Foundation Ltd 2022

Final Audit Report

Created: 2022-09-21 By: Jade Boam (jade.boam@bhp.co.uk) Status: Signed Transaction ID: CBJCHBCAABAA6eRe4nw23_OOkvJw9Q4Ef5vnVQ9617_e

"The Elm Foundation Ltd 2022" History

Document created by Jade Boam (jade.boam@bhp.co.uk)

2022-09-21 - 8:47:49 AM GMT

Document emailed to mary.mcelvaney@talktalk.net for signature

2022-09-21 - 8:50:33 AM GMT

Email viewed by mary.mcelvaney@talktalk.net

2022-09-25 - 1:16:14 PM GMT

Signer mary.mcelvaney@talktalk.net entered name at signing as M McElvaney 2022-09-26 - 11:04:43 AM GMT

Document e-signed by M McElvaney (mary.mcelvaney@talktalk.net) Signature Date: 2022-09-26 - 11:04:44 AM GMT - Time Source: server

Document emailed to Adrian Staniforth (dominic.staniforth@bhp.co.uk) for signature 2022-09-26 - 11:04:46 AM GMT

Email viewed by Adrian Staniforth (dominic.staniforth@bhp.co.uk) 2022-09-26 - 11:05:11 AM GMT

Document e-signed by Adrian Staniforth (dominic.staniforth@bhp.co.uk) Signature Date: 2022-09-26 - 12:17:47 PM GMT - Time Source: server

Agreement completed.

2022-09-26 - 12:17:47 PM GMT