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2024-03-31-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 2024

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

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 - 9
Independent auditor's report on the financial statements 10 - 13
Statement of financial activities 14
Balance sheet 15
Statement of cash flows 16
Notes to the financial statements 17 - 36

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

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 2024

Trustees Ms MaryMcElvaney,Chair
Mr Gerard Cahill,Treasurer
Ms Gemma Clarke(appointed 9 April 2024)
Mr Carl Griffiths,Vice Chair(resigned 10 October 2023)
Ms Margaret Easson(appointed 12 December 2023)
Ms Jill Gregory (resigned 10 October 2023)
Ms Lisa Haythorne
Ms Eleanor Faye Laidlaw Brown(appointed 12 December 2023)
Ms MaryLees
Ms Deborah Jayne Marlow(resigned 30 September 2023)
Ms Selina Matthews(appointed 10 October 2023)
Ms Victoria Louise Sweetmore
Ms Teresa Katherine Waldron
Company registered
number
02372121
Charity registered number
1007317
Registered office
6 Fairfield Road
Chesterfield
Derbyshire
S40 4TP
Key management team:
CEO: Jennifer Calverley
Deputy CEO: Helen Mitchell
Business manager: Jade Hartley
Independent auditor
BHP LLP
Chartered Accountants
Statutory Auditor
One, Waterside Place
Basin Square,
Brimington Road
Chesterfield
S41 7FH
Bankers
HSBC
Market Place
Chesterfield
Derbyshire
S40 1TN

Page 1

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their annual report together with the audited financial statements of the charitable company for the year 1 April 2023 to 31 March 2024. 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

At The Elm Foundation our vision is to end domestic abuse.

Mission Statement

Our mission is to influence, develop and provide specialist support services for adults, children, young people, and families at risk of, or affected by, domestic abuse.

Values

All The Elm Foundations activities are underpinned by a set of values adopted by the organisation’s staff, management, and Trustees:

We are compassionate, determined, inclusive, and respectful. These core values underpin the services we provide and how we provide them.

Compassion

We centre victims and survivors in everything that we do.

Determination

We advocate for and support victims to have a voice. We are determined to make a positive difference to the people and communities that we serve.

Inclusivity

We offer support to all who need it and we do so with empathy and without judgement.

Respect

We work respectfully to empower the people we help and the wider community we serve.

Page 2

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

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 to 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.

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, Social Care, Health and importantly representation for those who have used our services and experienced domestic abuse.

Page 3

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

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

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Objectives and activities (continued)

b. Activities for achieving objectives

Services

To achieve the above objectives, we have undertaken a range of activities which include:

Achievements and performance

The Elm Foundation is proud of its achievements during the last year, we have:

Received funding from Standing Together to pilot the Together with Health project, aimed at improving the pathways for Primary Care patients to access specialist domestic abuse services.

Received funding from the National Lottery to continue delivery of our Choices programme, providing intensive, one-toone support to children and young people in Derbyshire who are at risk of harming intimate partners, family members or their peers.

Awarded the Helpline Partnership Accreditation, a nationally recognised quality standard which defines and certifies best practice in helpline work.

Expanded are Therapeutic service through the offer of Art therapy for young people.

Continue work with Partnership 31 providing art to families living in our refuges.

Awarded Safe lives Accreditation.

Expanded our accommodation offer through the development of the Salus project, providing emergency accommodation to those within Derbyshire.

Accredited our training packages to CPD standard and delivering these to a number of partners across Derbyshire.

Secured continuation of funding for our core services with Derbyshire County Council.

Page 5

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Objectives and activities (continued)

Financial viability

A reserve fund is maintained to allow for continuation or reorganisation in the event of the withdrawal of funding. There is also an element of the unrestricted reserves designated to cover statutory redundancy payments which would be due to workers in the event of closure.

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 seen an increase in demand for our services and have adapted and diversified our funding streams to be able to support more victims of domestic abuse. The organisations business plan and strategies will allow The Elm Foundation to continue to maintain a strong position in Derbyshire.

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.

Page 6

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Financial review

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 £289,000 is required for this purpose. The reserves held by the charity at the end of this reporting period total £509,965 (2023: £614,161) of which £154,612 are restricted (2023: £74,458) and £355,353 (2023: £539,703) are unrestricted. The unrestricted reserves of £355,353 invested in fixed assets are £219,864 and therefore free reserves at the year end are £135,489.

The Elm Foundation intends to utilise its reserves for reprovision of its Head Offices.

c. Principal funding

A reserve of one month’s operating costs is maintained to allow for continuation or reorganisation in the event of the withdrawal of a course in funding the activities.

Our main source of funds comes from Derbyshire County Council and the Office of the Police and Crime Commissioner for Derbyshire. The charity also receives a considerable proportion of its funding in rents for residents of the four refuges, mainly from Housing Benefit and Independent grant making trusts, including the National Lottery.

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 2024 was 5 (2023: 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.

Page 7

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Structure, governance and management (continued)

b. Trustee recruitment and training

Our Board comprises skilled and knowledgeable trustees, recruited from a range of sectors.

The Elm Foundation has a comprehensive training and induction package specifically for Board members which ensures that every new trustee understands the responsibilities of their role, the principles of Good Governance and a comprehensive understanding of the operations of the charity.

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

For the next year, we will specifically focus on:

Page 8

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

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:

Signer ID: IHKHRLVVJV... Mary McElvaney (Chair of Trustees) Date: 19/10/2024 GMT

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Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

(A company limited by guarantee)

THE ELM FOUNDATION LTD

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

We have audited the financial statements of The Elm Foundation Ltd (the ‘charitable company’) for the year ended 31 March 2024, which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

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 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.

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. 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.

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Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

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

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 included within the trustees' report.

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

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.

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Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

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

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:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the entity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

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Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

(A company limited by guarantee)

THE ELM FOUNDATION LTD

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

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

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 the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Adrian Staniforth (Senior statutory auditor)

Signer ID: B7IXQS3DFV...for and on behalf of

BHP LLP

Chartered Accountants Statutory Auditor One, Waterside Place Basin Square, Brimington Road Chesterfield S41 7FH

Date: 21/10/2024 GMT

Page 13

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024

Note
Income from:
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Investments
7
Total income
Expenditure on:
Charitable activities
8
Total expenditure
Net (expenditure)/income
Transfers between funds
17
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2024
£
9,888
277,948
69,061
5,700
362,597
544,496
544,496
(181,899)
(2,451)
(184,350)
539,703
(184,350)
355,353		 Restricted
funds
2024
£
1,492,685
-
3,057
-
1,495,742
1,418,039
1,418,039
77,703
2,451
80,154
74,458
80,154
154,612		 Total
funds
2024
£
1,502,573
277,948
72,118
5,700
1,858,339
1,962,535
1,962,535
(104,196)
-
(104,196)
614,161
(104,196)
509,965		 Total
funds
2023
£
1,393,660
319,575
85,705
1,261
1,800,201
1,811,265
1,811,265
(11,064)
-
(11,064)
625,225
(11,064)
614,161

The Statement of financial activities complies with the requirements of an income and expenditure account under the Companies Act 2006 and includes all gains and losses recognised in the year.

Page 14

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

REGISTERED NUMBER: 02372121

BALANCE SHEET

AS AT 31 MARCH 2024

2024 2024 2023
Note £ £
Fixed assets
Intangible assets 13 6,144 -
Tangible assets 14 213,720 224,392
219,864 224,392
Current assets
Debtors 15 196,842 132,759
Cash at bank and in hand 270,152 494,583
466,994 627,342
Creditors: amounts falling due within one year 16 (176,893) (237,573)
Net current assets 290,101 389,769
Total assets less current liabilities 509,965 614,161
Total net assets 509,965 614,161
Charity funds
Restricted funds 17 154,612 74,458
Unrestricted funds 17 355,353 539,703
Total funds 509,965 614,161

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:

Ms Mary McElvaney Signer ID: IHKHRLVVJV...

Chair

Date: 19/10/2024 GMT

The notes on pages 17 to 36 form part of these financial statements.

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Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2024

Note
Cash flows from operating activities
Net cash used in operating activities
20
Cash flows from investing activities
Investment income
7
Purchase of intangible assets
13
Purchase of tangible fixed assets
14
Net cash used in investing 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
21		 2024
£
(208,792)
5,700
(7,679)
(13,660)
(15,639)
(224,431)
494,583
270,152		 As restated
2023
£
141,868
1,261
-
(22,035)
(20,774)
121,094
373,489
494,583

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Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

(A company limited by guarantee)

THE ELM FOUNDATION LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

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 17

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

(A company limited by guarantee)

THE ELM FOUNDATION LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

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 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charitable company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.7 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.

2.8 Intangible assets and amortisation

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

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life.

Amortisation is provided on the following basis:

Page 18

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

2.8 Intangible assets and amortisation (continued)

Computer software - % 20% straight line

2.9 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.

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
Computer software - 25% reducing balance

2.10 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.

2.11 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.

Page 19

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

2.12 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.

2.13 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.

2.14 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.

2.15 Operating leases

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

2.16 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.

2.17 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.

Investment income, gains and losses are allocated to the appropriate fund.

Page 20

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

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

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

4. Income from donations and legacies

Grants
Total 2023		 Unrestricted
funds
2024
£
9,888
-		 Restricted
funds
2024
£
1,492,685
1,393,660		 Total
funds
2024
£
1,502,573
1,393,660		 Total
funds
2023
£
1,393,660

5. Income from charitable activities

Refuge rents
Total 2023		 Unrestricted
funds
2024
£
277,948
319,575		 Total
funds
2024
£
277,948
319,575		 Total
funds
2023
£
319,575

6. Income from other trading activities Income from fundraising events

Generating funds
Total 2023		 Unrestricted
funds
2024
£
69,061
85,705		 Restricted
funds
2024
£
3,057
-		 Total
funds
2024
£
72,118
85,705		 Total
funds
2023
£
85,705

Page 22

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

7. Investment income

Investment income
Total 2023		 Unrestricted
funds
2024
£
5,700
1,261		 Total
funds
2024
£
5,700
1,261		 Total
funds
2023
£
1,261

8. Analysis of expenditure on charitable activities

Management costs
Office costs
Staff costs - note 12
Premises costs
Publicity
Service user contracts
Training and development
Travel expenses
Depreciation
Total 2023		 Unrestricted
funds
2024
£
24,728
3,317
474,326
2,103
1,777
17,462
6,520
12,731
1,532
544,496
449,454		 Restricted
funds
2024
£
244,813
42,012
927,076
110,100
27,847
14,380
7,932
19,872
24,007
1,418,039
1,361,811		 Total
funds
2024
£
269,541
45,329
1,401,402
112,203
29,624
31,842
14,452
32,603
25,539
1,962,535
1,811,265		 Total
funds
2023
£
246,754
40,080
1,301,532
109,502
30,360
18,890
14,343
23,636
26,168
1,811,265

Page 23

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

9. Analysis of expenditure by activities

Refuge rents
Total 2023
Analysis of support costs
Governance (note 10)
Information Technology
Human Resources
10.
Governance costs
Auditor's remuneration
Payroll fees
Legal and Professional		 Activities
undertaken
directly
2024
£
1,887,570
1,745,633		 Support costs
2024
£
74,965
65,632		 Total
funds
2024
£
1,962,535
1,811,265
Total
funds
2024
£
25,346
26,932
22,687
74,965
2024
£
12,296
3,839
9,211
25,346		 Total
funds
2023
£
1,811,265
Total
funds
2023
£
23,204
22,358
20,070
65,632
2023
£
10,245
5,034
7,925
23,204

Page 24

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

11. Auditor's remuneration

2024 2023
£ £
Fees payable to the charitable company's auditor for the audit of the charitable
company's annual accounts 10,760 10,245
Fees payable to the charitable company's auditor in respect of:
All non-audit services not included above 13,050 12,954

12. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2024
£
1,252,601
109,905
38,896
1,401,402		 2023
£
1,165,606
99,208
36,718
1,301,532

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 £186,361 (2023: 157,539).

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

2024 2023
No. No.
Average number of staff employed 53 55

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2024 2023
No. No.
In the band £60,001 - £70,000 1 -

Page 25

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
13.
Intangible assets
Cost
Additions
At 31 March 2024
Amortisation
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Computer
software
£
7,679
7,679
1,535
1,535
6,144
-

Page 26

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

14. Tangible fixed assets

Freehold
property
£
Cost or valuation
At 1 April 2023
185,610
Additions
-
At 31 March 2024
185,610
Depreciation
At 1 April 2023
40,831
Charge for the year
3,715
At 31 March 2024
44,546
Net book value
At 31 March 2024
141,064
At 31 March 2023
144,779
Debtors
Trade debtors
Other debtors
Prepayments and accrued income		 Fixtures and
fittings
£
330,584
9,563
340,147
278,134
13,618
291,752
48,395
52,450		 Office
equipment
£
15,148
-
15,148
8,536
1,653
10,189
4,959
6,612		 Computer
equipment
£
45,571
4,097
49,668
25,020
5,346
30,366
19,302
20,551
2024
£
28,390
1,837
166,615
196,842		 Total
£
576,913
13,660
590,573
352,521
24,332
376,853
213,720
224,392
2023
£
22,856
1,837
108,066
132,759

15. Debtors

Page 27

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

16. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Accruals and deferred income
Deferred income at 1 April
Resources deferred during the year
Amounts released from previous periods		 2024
£
9,660
29,398
137,835
176,893
2024
£
179,542
60,480
(179,542)
60,480		 2023
£
12,545
28,193
196,835
237,573
2023
£
39,623
179,542
(39,623)
179,542

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

Page 28

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

17. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds
Restricted funds
MHCLG
DCC Commissioned Services
Ministry of Justice
National Lottery
Public Health
NHS Foundation
Home Office (PCC Choices)
Home Office (PCC Changes)
The Salus Project
DCC Countywide Helpline
NEDDC Liaison
Total of funds		 Balance at 1
April 2023
£
539,703
(6,041)
3,409
5,339
28,366
(769)
2,807
-
8,317
21,368
6,717
4,945
74,458
614,161		 Income
£
362,597
150,453
577,725
33,610
58,708
40,925
-
-
306,033
127,473
170,785
30,030
1,495,742
1,858,339		 Expenditure
£
(544,496)
(97,739)
(586,655)
(31,332)
(84,515)
(40,327)
-
(22)
(247,634)
(112,254)
(181,904)
(35,657)
(1,418,039)
(1,962,535)		 Transfers
in/out
£
(2,451)
(46,673)
83,241
-
-
171
(2,807)
22
-
(36,587)
4,402
682
2,451
-		 Balance at 31
March 2024
£
355,353
-
77,720
7,617
2,559
-
-
-
66,716
-
-
-
154,612
509,965

Page 29

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

17. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds - all funds
Restricted funds
MHCLG
Porticus
DCC Commissioned Services
Ministry of Justice
National Lottery
Public Health
NHS Foundation
Home Office (PCC Choices)
Home Office (PCC Changes)
The Salus Project
DCC Countywide Helpline
NEDDC Liaison
Total of funds		 Balance at
1 April 2022
£
582,616
-
-
8,172
-
-
1,075
2,807
1,514
29,041
-
-
-
42,609
625,225		 Income
£
406,541
150,302
24,500
565,324
33,580
70,407
40,833
-
35,774
197,119
90,249
170,572
15,000
1,393,660
1,800,201		 Expenditure
£
(449,454)
(156,343)
(27,554)
(570,087)
(32,159)
(42,041)
(42,677)
-
(30,316)
(217,843)
(68,881)
(163,855)
(10,055)
(1,361,811)
(1,811,265)		 Transfers
in/out
£
-
-
3,054
-
3,918
-
-
-
(6,972)
-
-
-
-
-
-		 Balance at
31 March
2023
£
539,703
(6,041)
-
3,409
5,339
28,366
(769)
2,807
-
8,317
21,368
6,717
4,945
74,458
614,161

Page 30

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

17. Statement of funds (continued)

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.

Porticus

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

DCC Commissioned Services

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

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.

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.

The Salus Project

The Salus Project will provide temporary emergency refuge accommodation, 24 hours a day. Victims will be given a high level of support in order for them to leave an abusive relationship and ensure that they and their children are safe. The accommodation is very temporary up to 7 days, and the client will be supported by the Elm Foundation to access other longer-term accommodation.

DCC Countrywide Helpline

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

Page 31

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

(A company limited by guarantee)

THE ELM FOUNDATION LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

NEDDC Liasion

The Elm Foundation provides a domestic abuse liaison worker to NEDDC, to further improve engagement and outcomes of victims of domestic abuse. The Domestic abuse liaison worker optimises opportunities to break cycles of abuse through early identification and response, strengthening practice consistency in relation to proportionate and achievable safety plans and supporting NEDDC employees with the skills and confidence in assessing and intervening in families where risks relate to domestic abuse.

Helpline

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

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.

Transfers

2024:

£83,241 has been transferred from the Crash Pad and MHCLG funding streams to the funding by Derbyshire County Council, the projects have been amalgamated following successful tendering of our Refuge, Community and Childrens services for 2024.

There was an underspend on the Ministry of Justice funding of £7,617, the project of a young person’s IDVA is continuing until 2025, this will transfer over into the new financial year 2024.

We have been successful in securing further funding from the National Lottery to continue our work with young people who are using abusive behaviours and as such will transfer the underspend of £2,559 over to continue into the new funding period.

The Home Office funding for the adult perpetrator programme Changes is also continuing until 2025 and therefore the underspend of £21,154 will be transferred over to continue this project.

2023:

£3,054 and £3,918 was transferred into Porticus and Ministry of Justice, respectively, from Home Office (PCC Choices) to fund overspends in these restricted funds to continue the projects of a similar nature.

Page 32

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

18. 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 2023
£
539,703
74,458
614,161
Balance at
1 April 2022
£
582,616
42,609
625,225		 Income
£
362,597
1,495,742
1,858,339
Income
£
406,541
1,393,660
1,800,201		 Expenditure
£
(544,496)
(1,418,039)
(1,962,535)
Expenditure
£
(449,454)
(1,361,811)
(1,811,265)		 Transfers
in/out
£
(2,451)
2,451
-
Transfers
in/out
£
-
-
-		 Balance at 31
March 2024
£
355,353
154,612
509,965
Balance at
31 March
2023
£
539,703
74,458
614,161

19. Analysis of net assets between funds

Analysis of net assets between funds - current period

Tangible fixed assets
Intangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2024
£
213,720
6,144
312,382
(176,893)
355,353		 Restricted
funds
2024
£
-
-
154,612
-
154,612		 Total
funds
2024
£
213,720
6,144
466,994
(176,893)
509,965

Page 33

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

19. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior period

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2023
£
224,392
552,884
(237,573)
539,703		 Restricted
funds
2023
£
-
74,458
-
74,458		 Total
funds
2023
£
224,392
627,342
(237,573)
614,161

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

Net expenditure for the period (as per Statement of Financial Activities)
Adjustments for:
Depreciation and amortisation charges
Dividends, interests and rents from investments
Increase in debtors
Increase/(decrease) in creditors
Net cash (used in)/provided by operating activities		 2024
£
(104,196)
25,867
(5,700)
(64,083)
(60,680)
(208,792)		 As restated
2023
£
(11,064)
26,168
(1,261)
(22,114)
150,139
141,868

21. Analysis of cash and cash equivalents

Cash in hand
Total cash and cash equivalents		 2024
£
270,152
270,152		 2023
£
494,583
494,583

Page 34

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

22. Analysis of changes in net debt

Cash at bank and in hand At 1 April
2023
£
494,583
494,583		 Cash flows
£
(224,431)
(224,431)		 At 31 March
2024
£
270,152
270,152

23. Operating lease commitments

At 31 March 2024 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		 2024
£
112,241
35,937
148,178		 2023
£
93,100
55,963
149,063

The following lease payments have been recognised as an expense in the Statement of Financial Activities:

2024 2023
£ £
Operating lease rentals 135,083 122,365

24. Related party transactions

No trustees neither received nor waived any remuneration during the year (2023: nil).

One trustee received travel expenses during the year of £472 (2023: £nil).

During the year one family member of key management personnel provided cleaning services to the charity at a cost of £7,831 (2023: £7,129).

Page 35

Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11

THE ELM FOUNDATION LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

25. Government grants

Public Health
Derbyshire County Council
Derbyshire County Council Helpline
Ministry of Justice
Home Office PCC		 2024
£
40,833
576,753
170,572
100,740
474,549
1,363,447		 2023
(as restated)
£
40,833
565,324
170,572
33,580
232,893
1,043,202

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Document ID: 63a1635c4a57ba95ea57b9fb3268807acea13e213f3eada2cb277aee1ddbec11