Company Registration Number: 08532341
ELIFAR FOUIYDATION LIMITED
A COMPANY LIMITED BY GUARANTEE
(CHARITY NO. 1152416)
REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
UHY

ELIFAR FOUNDATION LIMITED
A COMPANY LIMITED BY GUARAiYfEE
(CHARITY NO. 1152416)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 IVIAY 2024
Index
Page
R¢port of the Board
Indep¢nd¢nt examiner's report
Statement of financial activities (including income and expenditure account)
Balance she¢t
Notes to the financial statements
10-17

ELIFAR FOUNDATION LIMITED
REPORT OF THE BOARD
FOR THE YEAR ENDED 31 MAY 2024
The Board is pleased to present its report along with the financial statements for the year ended 31 May
2024. The financial statemellts Iiave been prepared in accordance with the accounting policies set out in
note I to the financial statements and comply with the charity's governing document, the Companies Act
2006, the Charities Act 201 L and "Accounting and Reporting by Cliarities.- Statement of Recommeiided
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Siandard applicable in the UK and Republic of Ireland (FRS [02)"
Reference and administrative information
Trustees
Paul Cawood (Chainnan)
Lucy Hines
Neil Hockin (Appointed 4 November 20?3)
Janies Huckle (Appointed I l January 2024)
Williain Killick
James Mead
P¢t¢r Moore
Company Number
08532341
Registered Charity Number
1152416
Registered Office
Camelot Park Road. Dormans Park, East Grinstead
RH19 2NQ
Independent Examiner
Rachel Chim of UHY Hacker Young LLP, Quadrant House, 4
Thomas More Square. London, Elw IYW
Bankers
CAF Bank Ltd, 25 Kings HAII Avenu¢, Kings Hill, West Malling,
Kent, ME19 4JQ
Structurej governance and management
Elifar Foundation Limited became registered as a charity with the Charity Commission for England and
Wales on 13 June 2013. It 15 a charitable company litnited by guarantee, with no share capital and is
governed by its M¢morandum and Articles of Association dated 16 May 2013. All the trustees are members
of the company and the liability of each member in the ¢vent of winding up is limited to a maxin]um of
£io.
Trustees are identified and appointed by the cliarity trustees themselves and serve as long as they wish, are
able and qualify; one of the curi'ent trustees, Paul Cawood, is a founding tnist¢e. The trustees meet or
confer frequently during the year to manag¢ the charity and coiisider grant applications.
In accordance with the governing documeiit, there shall be not less than three directors at any one time. The
directors, who ar¢ also the charity trustees, are nonnally elected by the members of th¢ company in a general
meeting. The Board may appoint any member of the company as a director either as an additional director
or to fill a casual vacancy. Any member so appointed must retire at the next annual general meeting but is
eligible for re£lection.
Each new trustee will receive an induction session with the Chairman and Treasurer, where th¢J' are
provided with the background to the charity and its work and receive guidance on their role as a director
and trustee of the charity.

ELIFAR FOUNDATION LIMITED
REPORT OF THE BOARD
FOR THE YEAR ENDED 31 MAY 2024
Risk Management
The trustees have reviewed the major and financial risks that Ainpact on th¢ work of tlie charity. The systems
that have been established enable the directors to review and take necessary steps to lessen these risks.
Objectives aud Activities
The Elifar Foundation was originally constituted as an unincorporated charity under a trust de¢d dated 13
November 1998. The charity was Cowfounded by Paul Cawood and the late Hilary Marsden (then Burton)
to help improve the care, facilities and equipment available to profoundly disabl¢d children, young person5
and adults.
The Elifar Foundation was restructured in 2013 and continues to work and improve th¢ quality of life for
disabled children and adults, whether living at hom¢ or in resldential care. It do¢s this by making grants to
individual children and young adults. We consider applications from disabled people, their families or
involved health professionals for funding or part-funding of specific iteins of specialised equipment would
otherwise be denied to them because of lack of funds or because there is no statutory provision.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities
they should undertake.
Achievements, Performance and Grant Making Policy
Diie to a shortage of funds applications were paused between 18th August 20?3 and 14th May 2024. During
the year 55 grants were approved compared with 132 in the previous year and these covered a wide range
of specialised equipment including wheelchairs, specialist beds, trikes, seatiniy systerns and sensory
equipmeiit. Individual grants varied in value from £1 00 to £5,000. The trustees aim to spread the value of
grants to fund the purchase of some hig]FbCOSt items, while at the sam¢ time supporting as many families as
possible through grants for lower cost equipment. Almost half of th¢ grants awarded this year were for
£1,000 oi- under and focussed on equipment that can make a tangible difference to a disabled person's life.
The larger grants were for wheelchairs, specialist beds, pushchairs, trikes and coininunication equipment.
some of which were part-funded with other charities.
Each grant application is Considered by the grants team on an ongoing basis thi'oughout tlie y¢ar. The grants
team includes one trustee and the grants manager. An approved protocol is in place and if further discussion
is needed, the application is referred for consultation with the board of trustees. Clear and consistent criteria
are applied with the requirernent for each application to be supported directly by a medical professional.
Application forms can be requested in writing, by email or can be downloaded from our website.
Demand for grants continues to be high due to the financial needs of applicants and the reduction in
governillent spending on statutory provision. The Elifar Foundation's higher profjle is also driving an
increased number of applications for funds and a significant rise in the level of enquiries via Elifar's
website.
The Elifar Foundation operates on a simple model. Funds are raised through donations and events, With the
majority of these funds then allocated to individuals who apply for one•off grants. Grants are only allocated
from funds received and the Foundation has no long-term financial commitments, apart from essential
governance costs and payment to a part-time administrator who processes grant application5. The Elifar
Foundation's fiindraising activities, grant assessillent process, charity adtninistration and governance are
all carried out by the trustees and otlier supporters on a voluntary basis.

ELIFAR FOUNDATION LIMITED
REPORT OF THE BOARD
FOR THE YEAR ENDED 31 MAY 2024
Achievements, Performance and Grant Making Policy (continued)
Well supported ￿ndraising events during the year included the Elifar Challenge and the Brickworks Gig.
A big vote of thanks goes to James Mead and colleagues for their fLmdraising efforts and participation in
the Thames Walk. We are hugely gTateful for the support received from the George Lindon-Travers
Memorial Race Day, to have been nominated as one of the chosen charities for various Propski events and
the 2024 Surveyor's Sevens Rugby Tournament and to have been a beneficiary from the Revo Award
Ceremony event. Due to the generosity of many corporates and individuals our Christmas Appeal and sale
of Christmas cards raised close to £27,500. Thanks also to M&S and Tesco for their sponsorships at the
Elifar Challenge.
We are very grateful for the continued support received from the Colman Family, the Leaver Family Trust,
The Sandhu Charitable Foundation and to the generosity of property industry organisations including
Revcap Advisors Limited, Macdonald & Co, Balmain Asset Management, FMX , GCW, Sherrards, Lunson
Mitchenall, JLL, Schroders, CMS, Kennedy wilso￿ MARK, Ellandi, KLM Retail, The Crown Estate,
LSH, Colliers, Essential Living, LCP Properties and Perkins Fox.
Applicants living in the London boroughs of Lambeth and Wandsworth continue to receive support from
funds donated in previous years by The Batters￿ Power Station Foundation.
Elifar secured sponsorship of £16,900 from companies, trusts and individuals including Revcap Advisors
Limited. This sponsorship is specifically targeted at our essential administration and governance costs as
the Foundation strives to ensure that all ￿ndraising and donations go directly to disabled children, young
adults and their families.
Financial review
Total income for the year from donations, legacies, charitable activities, cotporate sponsorship, trading
activities and investments was £178,51 I compared to £233,674 in the previous year.
The total spend on grants during the year was £81,456 compared to £206,684 in the previous year. The
trustees, objective is to distribute the charity's income to suitable beneficiaries as quickly and efficiently
as possible and this is dependent on both the level and timing of our income and the number of qualifying
applications.
Spending on fundraising activities during the year amounted to £25,763 to rl￿ the 2023 Elifar Challenge
event and £1,050 in marketing exp¢nscs. Expenditure on governance and support activities was £16,919
compared to £16,406 in the previous year. The trustees continue to focus hard on minimising these costs
and the bulk of the support costs are for administrative assistance in running the grant-making process.
Overall the charity made a nct gain during the year of £53,324 compared with net expenditure of £4,421 in
the previous year. The charity's unrestricted reserves at 31 May 2024 were £73,710 compared with £13,826
in the previous year. This is in keeping with thc charity's objective of distributing only available fi￿dS to
qualifying applicants in a timely manner while complying with the charity's policy on reserves.
Public benefit
The trustees have complied with section 17(5) of the 201 I Charities Act, having due regard for the Charity
Cornmission's guidance on public benefit when reviewing the trust's aims and objectives, when setting the
grant making policy and in making awards.
Thc charity has robust systems and checks in place to mitigate any losses that could potentially arise tl]rough
the use of insolvent or fraudulent suppliers.

ELtFAR FOUNDATION LIMITED
REPORT OF THE BOARD
FOR THE YEAR ENDED 31 MAY 2024
Investment policy and performance
There are no restTlCtions on the charity's power to invest and the current policy is to invest short-terni funds
with the trust's bankers.
Reserves policy
The directors, aim is to maintain free reserves in unrestricted funds at a level that will provide sufficient
funds to cover support and governance costs. The actual level of these reserves at 31 May 2024 was
£73,710 (2023. £13,826).
Plans for the Future
The directors have no immediate plans to modify or radically change any of the objects, activities or policies
described above.
Trustees, responsibilities in relation to the financial statements
The charity's trustees (who are also the directors of ElifaT Foundation Limited for the puryoses of company
law) are responsible for PTeparing a trustees, annual report and financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
Company law requires the Trustees to prepare fmancial statements for each financial year which give a true
and fair view of the state of affairs of the charitable company and of the incoming resources and application
of resources, including the income and expenditure account, of the charitable company for that period. In
preparing these financial statements the Trustees are required to..
select suitable accounting policies and then apply them consistently
observe the methods and principles in the applicable Charities SORP
make judgements and estimates that are reasonable and prudent
state whether applicable UK accounting standards and statement of recommended practice have
been followed, subject to any material departures disclosed and explained in the financial
statements. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charitable company will continue in operation.
The trustees are responsible for keeping adequatc accounting records which disclose with reasonable
accuracy at any time the financial position of the charitable company and cnable them to ensure that the
financial statements comply with the Companies Act 2006. They are also iesponsible for safeguarding the
charitable company's assets and hence for takn'ng reasonable steps for the prevention and detection of fraud
and other i￿¢gU]ariÈIes.
The trustees are responsible for the maintenance and integrity of the corpoiate and financial infonnation
included on the charitable company's website. Legislation in the United Kingdom governing the
preparation and dissemination of f￿￿nCial statements may differ from Icgislation in other jurisdictions.
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the
small companies exemption.

ELIFAR FOUNDA TION LIm￿[D
REPORT OF THE BOARD
FOR THE YEAR ENDED 31 MAY 2024
Approved by the tr￿SteeS and signed on their behalf by:
Lucy Hines
Director
Date: 14 January 2025

UHY
UHY Ha¢k•rYoung LLP
Quadrant Houso
4Thomas More Squaro
L￿d9￿ Elw IYW
IIYDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ELIFAR FOUNDATION LIMITED
FOR THE YEAR ELYDED 31 MAY 2024
I report to the ts-lislees on my examination of the financial Stat¢￿entS of Elifar Folmdation Limited ('the charity.)
for the year ended 31 May 2024 which are set out on pages 7 to 17.
Responsibilities and basis of report
As the trustees of the ¢harity (and also its directors for the purposes of COTnpany law), you are responsible for
the preparation of the financial statenienls in accordance with the requirements of the Companies Act 2006 ('die
2006 Act,).
Having satisfied myself that the finaiicial statements of the charity are not reqiiired to be audited under Part 16
of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the
charity's f￿anCial statements Ca￿led out under section 145 of the Charities Act 2011 ('the 201 l Act.). In
arrying out tny examination I have followed the applicable Directions given by the Charity Colnmission under
section 145(5)(b) of the 201 l Act.
Independent examiner's st*tement
I have completed my examination. I confimi that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect..
(l ) accounting records were not kept iii respect of the charity as required by section 386 of the 2006 A¢t-
or
(2) the financial ststemenls do not ac¢ord with those rccords,. or
(3) the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act
other than any requirement that th¢ a¢cOl￿tS give a 'true and fair view, which is not a matter considered
as part of an independ¢nl examination. or
(4) the financial statements have not beeii prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in a¢cordanc¢ with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102).
I havc no conC￿n5 and have come across no other matter5 in connection with th¢ examination to which attention
should be drawn in this ieport in order lo enable a proper understanding of the financial statements to be reached.
Rachel Chim FCCA
UHY Hacker Young
Quadrant House
4 Thomas Mor¢ Square
London Elw IYW
Date.. kl January 2025

ELIFAR FOUNDATION LIMITED
STATEMEiYf OF FINANCIAL ACTIVITIES
{INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEARENDED 31 IVIAY2024
Current financial year
Note
Unrestricted Restricted
funds
rullds
Total
2024
Total
2023
Income and endowments from:
Donations and legacies
Charitable activities
Sponsorship
Other trading activities
Investments
81,501
79.082
16,900
669
359
81,501
79,082
16,900
669
359
152,034
17,000
894
182
Total income
178,511
178.511
233,674
Expenditure on:
Raisrng funds
Charitable activities
26,813
91,814
26,813
98.374
15,005
223,090
6,560
Total expenditure
118,627
6,560
125,187
238,095
Net (expenditure)/ income
59.884
(6,560)
53,324
{4,421)
Reconciliation of funds
Total funds brought forward
13,826
16,373
30,199
34,620
Total funds carried forward
73,710
9,813
83,523
30,199
The r¢sults for the year are derived froin coiitinuing operations.
There were no recognised gains or losses, other than those passing through the statement of financial
activities.

ELIFAR FOUNDATION LIMITED
STATEMEI¥4T OF FINANCIAL ACTIVITIES
(INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MAY 2024
Prior financial year
Note
Unrestricted Restricted
funds
funds
Total
2023
Total
2022
Income and endowments from:
Donations and leTracies
Charitable activities
Sponsorship
Other trading activities
Investments
137,034
63,564
17.000
894
182
15,000
152,034
6i,564
17,000
894
18?
162,177
15,000
975
Total income
218.674
15,000
233,674
178,155
Expenditure on:
Raising funds
Charitable activiti¢s
15,005
215,166
15,005
?23,090
7,924
192,3J I
Total expenditure
2JO,171
7,924
238,095
193,634
Net (expenditure)/ income
(11,497)
7,076
(4,421) (15,479)
Reconciliation of funds
Total funds brought forward
25.3?3
9,297
34,620
50,099
Total funds Carried fonvard
13,826
16J73
30,199
34,620
The results for the year are derived from continuin(r operations.
There were no recognised gains or losses. other than those passing through the statement of ftnancial
activities.

ELIFAR FOUNDATION LtMrrED
BALANCE SHEET AS AT 31 MAY 2024
2024
Totsl
2023
Tot81
Notes
Current wets
DebioT
Cash at bank and in hand
42.639
109,107
65.281
151,746
129,172
CredAtors: amounts falling du¢
within one year
12
(68223)
(98,973)
Net assets
83,523
30.199
The funds of the ¢harity
Restricted funds
Unrestricted funds
14
9,813
73.710
16.37)
13,826
S3,523
For the year ended 3 l May 2024 the Company was entitled to exemption from audit under section 477 of
the compani￿ Aot 2006 relating to small Gompanies.
DiTectOTS' re5POn5ibilities:
T"he membeTS have not required the company to obtain an audit ot its financial staternents for the
year im question in accord￿]Ce with section 476-
The dTre¢tnr% aoknnwledg¢ their re*pnnsihTlities fnr enmplying with the requitemenLS of the Act
wtth respect to accounting records and the Prep￿ation of financial statements.
These awounts are prepared in ac¢ord8n¢e with the special provisions of Part 15 of the Companies Act
2006 relating to Small Gornpanies and constitute the ann[￿1 a¢couDts required by the Companies Act 2006
and are for cirLulation to menibers of the company.
The fInancial statements on pages 7 to 17 were approved by the Board and authorised for issue on
19 January 2025 and ate signed on thetr khalf by:
Lucy Hines
Dire¢tor
Company Re%i5trntlOD No: 08532341

ELIFAR FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 IVIAY 2024
Accounting policies
1.1 Basis of preparation
The financial statements have been prepared in accordance with the "Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with th¢ Financial Reporting Standard applicable in tlie UK and Repiiblic of Ireland {FRS
102)" the Charities Act ?01 l and the Companies Act 2006. The cliarity is a Public Ben¢fit Entity as
defined by FRS I O?
The accounts are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the Iiistorical cost convention. The principal accounting
policies adopted ar¢ set out below.
1.2 Going eoneern
At the time of approving the financial statements,, the trustees have a reasonable expectation that the
charity has adequate resources to continue in operational existence for the forese¢able future. Thus
the trustees continue to adopt the going concern basis of accounting in preparing the financial
statements.
1.3 Funds structure
Unrestricted funds are available for use at tlie discretion of tlie trustees in furtherance of their
charitable objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The
purposes and uses of the restricted funds are set oiit in the notes to the financial statements.
1.4 Income recognition
Grants, donations and other income are credited to th¢ statement of financial activities in the year to
which they relate. Grants and donations will be recognised on an entitlement basis and when receipt
is certain. Other income, including investment income, is recognised on an accruals basis.
Income is credited to incoming resources when the charity has entitlement to the income, there is
sufficient certainty of receipt and so it is probable that the income will be received, and the amount
of income receivable can be measured reliably, unless it relates to a specific future period, in which
case it is deferred.
1.5 Expenditure recognition
Liabilitie5 are recognised as resources expended as soon as there is a legal or constructive obligation
ommitting the charity to the expenditure. All expenditure is accounted for on an accruals basis and
lias been classified under lieadings that aggretrate all costs related to the category.
io

ELIFAR FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
Accounting policies (continued)
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term
liquid investments with original maturities of three months or less, and bank overdrafts. Bank
overdrafts are shown within borrowings Kn cu￿ent liabilities.
1.7 Financial instruments
The charity has elected to apply the provisions of S¢ction I I 'Basic Financial Instruments, and
Section 12 '0ther Financial Instruments Issue5, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in tlie charity's balance sheet when the charity becomes party to
the contractual provisions of the instrutneiit.
Financial assets and liabilities are offset, with the net amoiints presented in the financial statements,
when there is a legally enforceable right to set off the recognised amounts and there is ali Éiitention
to settle on a nei bdsis or to realise the asset and settle the liability simultaneoiisly.
Basicfinftntial afsets
Basic financial assets. which include debtors and cash and bank balances, are initially measured at
transaction pric¢ including transaction costs and are subsequently carried at amortised cost using the
effective interest metliod unless the arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts discounted at a market rate of
interest. Financial asset5 classified as r¢c¢ivable within one year are not amortised.
Basicfinaiiciul liabililies
Basic financial liabilities. including creditors and bank loans are initially recognised at transaction
price unless the arrangeinent constitut¢s a finanLing transaction. where the debt instrument is
Imeasured at the present value of the future payn]ents discounted at a market rate of interest. Financial
liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
course of operations from suppliers. Amounts payable are classitied as current liabilities if payment
is due witliin one year or less. If not, they are presented as nonwcurrent liabilities. Trade creditors are
recognised initially at transaction price and subsequently measured at amortised cost using the
effective interest method.
Derecognition offinancial liabililies
Financial liabilities are derecognised when the charity's contractual obligations expire or are
discharged or cancelled.
1.8 Irrecoverable VAT
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

ELIFAR FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
Accounting policies (continued)
1.9 Charitable activities
Costs of charitable activities include grants made.
1.10 Allocation of support costs
Support costs are those fuiictions that assist the work of the charity but do not directly undertake
charitable activiti¢s. Support costs include back office costs, financ¢, personnel and governance costs
which support the charity's activities. All support and governance costs relate to expenditur¢ on
charitable activities and hav¢ been allocated accordingly.
Donation5 and legacies
Unrestricted
funds
Restricted
funds
2024
Total
2023
Tot41
Donations and l¢gacies
81,501
81,501
152,034
For the year ended 31 May 2023
137,034
15,000
152,034
Unrestricted
funds
R¢stri¢ted
funds
2024
Total
2023
Total
Donations and legacies
Christmas Appeals
Lindon-Travers Memorial Race days
Propski Events
Surveyor Sevens Rugby May 2024
Thames Walk SepteLnber 202J
S Murphy donation
Other donations
GCW donation
Brickworks Gig June 2023
Revo Award Cereniony December 2023
Sheryard5 donation
Football Fantasy August 2023
London to Brighton Cycle Sept 2022
RWGC Golf Event March 2023
BPSF donation
Prebendal School donations
Propshoot Event
MMX Bigr Walk May 2023
LSH Charity ofthe Year 2023
Brighton Marathon April 2023
Gooch cycle May 2022
Amazon Smile
Gift aid
26,778
11,975
10,795
5,115
5,028
5,000
4.805
2,668
2,334
1,905
1,064
463
?6,778
11,975
10,795
5,115
5.028
5.000
4.805
2,668
2,334
1,905
1,064
463
13,329
10,500
5.158
44,286
17.856
15,000
13,490
8,043
4,786
4,325
2.593
193
145
7,057
3,571
3,571
81,501
81.501
152,034
12

ELIFAR FOUNDATION LIivirrED
NOTES TO THE FINANCIAL STATEMEiYrs
FOR THE YEAR ENDED 31 MAY 2024
Charitable activities
Unrestricted Restricted
funds
funds
2024
Total
2023
Total
Elifar challenge income
79,082
79,082
63,564
Other trading activities
Unrestricted Restricted
funds
funds
2024
Total
2023
Total
Sale of Christmas cards
669
669
894
Investment income
Unrestricted Restricted
funds
funds
2024
2023
Bank interest receivable
359
359
182
Expenditure on raising funds
2024
2023
Marketing expenses
Elifar challenge expenses
1,050
?5,763
22
14,983
26,813
15,005
The Elifar Challenge is a fundraising corporate activity event run by the charity.
Expenditure on charitable activities
Unrestrieted Restricted
funds
funds
Total
2024
Total
2023
For the year eiid¢d 31 May 2024:
Grants paid to individuals
Support and governance costs (see note 8)
74,895
16,919
6,560
81,455 206,684
16.919
16,406
91.814
6,560
98,374 223,090
13

ELIFAR FOUNDATION LIMrrED
NOTES TO THE FINANCIAL STATEMEIYTS
FOR THE YEAR ENDED 31 MAY 2024
Expenditure on charitable activities {continued)
Unrestricted Restricted
funds
funds
Total
2023
Total
2022
For the year ended 31 May ?023:
Grants paid to individuals
Support and governance costs (see note 8)
198,760
16,406
7,924 206,684 178,118
16,406
14,213
215,166
7,924 223.090 192,331
Allocation of support and governance costs
The cliarity initially identifies the costs of its support functions. It then identifies those costs which
relate to the governance fiinction.
Support Governance
costs
costs
Total
2024
Total
2023
Administrative assistance
Office costs
Insurance
Bank charges
Independent examiner's fee
14,256
1,020
592
61
14,256
1,020
592
61
990
13,075
1,741
507
990
990
Total support and governance costs
15,929
990 16.919
16.406
Support Governance
Costs
costs
Total
2023
Total
2022
Administrative assistance
Office and website costs
Insurance
Bank charges
Ind¢pendent examiner's fee
13,075
1,741
507
93
13,075
1.741
507
93
990
1.222
541
120
990
990
Total support and governance costs
15.416
990 16,406
14,213
All support and govemance costs are incurred in connection with charitable activities and have been
allocated accordingly.
14

ELIFAR FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
Independent examiner's remuneration
The remuneration constituted an independent e￿minatIon fee of £990 (2023.. £990).
io.
Directors, remuneration
No director or any person connected with a director has received or is due to receive any remuneration
or expenses for the year directly or indirectly from the Charity's funds.
11. Debtors
2024
2023
Trade debtors
Prepayments
Other debtors
38,058
681
3,900
44,013
8,168
13,100
42,639
65,281
12. Creditors: Amounts falling due within one year
2024
2023
Trade creditors
Grants payable
Accruals
Deferred income (see note 13)
1,254
1,606
30,938
990
65.439
990
65,979
98,973
13. Deferred income
Deferred income comprises funds received in advance of fundraising events held after the year end.
2024
Balance as at l June 2023
Movement in the year
65,439
540
Balance as at 31 May 2024
65,979
15

ELIFAR FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
14. Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended
balances of donations and grants held on trust for sp¢cific purposes:
Year ended 31 May 2024
Movement in funds
Incoming
Resources Balanee at 31
resources
expended
May 2024
Balance at I
June 2023
Restricted funds
16,373
(6,560)
9,813
Year ended 31 May 2023
Movement in funds
Incoming
Resources Balance at 31
resources
expended
May 2023
Balance at I
June 2022
Restricted funds
9,297
15,000
(7,924)
16,373
The restricted fiinds are donations received from BPS Foundation to provide grants for applications in
Lambeth and Wandsworth.
15. Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
Total
2024
Total
2023
Fund balances at 31 May 2024 are
represented by:
CuiTent assetd(liabilities)
73,710
9,813
83,5?3
30,199
73,710
9,813
83,523
30,199
Unrestricted
funds
Restricted
funds
Total
2023
Total
2022
Fund balances at 31 May 2023 are
represent¢d by..
Current assetsl(liabilities)
13,826
16,373
30,199
34,620
13,826
16,373
30,199
34,620
16

ELIFAR FOUNDATION LIMITED
OTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
16.
Company limited by guarantee
The lirnit of the total guarantees of the members of the company amounted to a maximum of £50 at
the beginning of the year and £70 at th¢ end of the year.
17. Taxation
As a charity the organisation is exempt from UK corporation tax to the extent that its income is
applied to its charitable objects. No liability arose in the p¢riod.
18. Related party transactions
During the year the charity received corporate donations of £18,250 (?0?3= £12,250) from Revcap
Advisors Limited. The trustee W J Killick is a director of Revcap Advisors Limited.
During tlie year tli¢ charity received corporate donations of £3.950 (202J.' £IO,000) froni Macdonald
& Coinpany Group Lirnited. The trustee P Moore is a director of Macdonald & Company Group
Limited.
During the year the charity received corporate donations of £1,975 (2023.. £2,500) from Fawc¢tt
Mead Limited. The trustee J Mead is a director of Fawcett Mead Limited.
During the year the charity received corporate donations of £3.950 (?023.. £3,750) from Lunson
Mitchenall Limited. The trustee N Hockin is a director of Lun50n Mitchenall Limited.
During the year the charity received a donation of £3,120 (2023.. £Nil) from trustee James Huckle.
17