Company Registration Number: 08532341 ELIFAR FOUNDATION LIMITED A COMPANY LIMITED BY GUARANTEE (CHARITY NO. 1152416) REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 UHY
ELIFAR FOUNDATION LIMITED A COMPANY LIMITED BY GUAIL41¥TEE (CHARITY NO. 1152416) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 Index Page Report of the Board Independent examiner's report Statement of financial activities (including income and expenditure account} Balance sheet Notes to the financial statements 10-17
ELIFAR FOUNDATION LIMITED REPORT OF THE BOARD FOR THE YEAR ENDED 31 MAY 2025 The Board is pleased to present its report along with the financial statements for the year ended 31 May 2025. The financial statements have been prepar¢d 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 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" Reference and administrative information Trustees Paul Cawood (Chairnian) Lucy Hin¢s Neil Hockin James Huckle William Killick James Mead Peter Moore Company Number 08532341 Registered Charity Number 1152416 Registered Office Camelot Park Road, Domans Park, East Grinstead RH192NQ Independent Examiner Rachel Chim of UHY Hackcr Young LLP. Quadrant House, 4 Thomas Mor¢ Square, London, El W l YW Bankers CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill. West Malling, Kent, ME19 4JQ Structure) governance and management Elifar Foundation Limited became r¢gister¢d as a charity with the Charity Commission for England and Wales on 13 June 2013. It is a charitable company limited by guarantee, with no share capital and is governed by its Memorandum and Articles of Association dated 16 May 2013. All the trust¢¢s ar¢ m¢mb¢rs of the company and the liability of each member in the event of winding up is limited to a maximum of £10. Trustees are identified and appointed by the charity trustees th¢ms¢lv¢s and serve as long as they wish, are able and qualify. one of the current trustees. Paul Cawood, is a founding trustee. The truste¢s meet or conf¢r frequently during the year to manage th¢ charity and consider grant applications. In accordance with th¢ gov¢rning document, there shall be not less than thr¢¢ directors at any one time. The directors, who are also the charily tStees, are normally elected by the m¢mbers of the company in a gen¢ial meeting. The Board rnay 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 Tetire at the next annual general meeting but is eligible for re-election. Each new trustee will receive an induction session with the Chaimian and Treasur¢r, where they are provided with th¢ background to th¢ charity and its work and receiv¢ 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 2025 Risk Management Th¢ trustees have reviewed the major and financial risks that impact on the work of the charity. The systems that have been established enable the directors to review and take necessary steps to lessen these risks. Objectives and Activities The Elifar Foundation was originally constituted as an unincorporated charity under a trust deed dated 13 November l 998. The charity was co-founded by Paul Cawood and the late Hilary Marsden (then Burton) to help improve the care, facilities and equipment available to profoundly disabled children, young persons and adults. The Elifar Foundation was r¢structured in 2013 and continues to work and improve the quality of life for disabled children and young adults. whether living at home or in residential care. It does this by making grants to individual children and young adults, and will consider applications from disabled people, their families or involved health professionals for funding or part-funding of specific items of specialised equipment, which would othenvise be denied to them because of lack of funds or because ther¢ is no statutory provision. Th¢ trust¢¢s have paid due regard to guidance issued by the Charity Commission in deciding what activities they should undertake. Achievements, Performance and Grant Making Poliey During the year 140 grants were approved compared with 55 in th¢ previous year and these covered a wide range of specialised equipment incluth'ng wheelchairs, specialist beds, trikes, seating systems and sensory equipment. Individual grants varied in value from £ 100 to £5,000. The trustees aim to spread the value of grants to fund the purchase of somc high-cost itcms, while at the same time supporting as many families as possibl¢ through grants for lower cost equipment. Over half of the grants awarded this year were for £1,500 or under and focuss¢d on equipment that can make a tangible difference to a disabled person's lif¢. The larger grants were for wheelchairs, specialLSt beds, pushchairs, trikes and communication equipment, some of which were part-funded with other charities. Each grant application is considered by the grants team on an ongoing basis throughout the year. The grants t¢am includes onc trustee and the grants manager. An approved protocol is in place and if furth¢r discussion is needed. the application is referred for consultation with the board of trustees. Clear and consistent cnterta are applied with the requirement for each application to be supported directly by a medical professional. Application fornis can b¢ 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 government spending on statutory provision. The Elifar Foundation'5 higher profile 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 ev¢nts, with most 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 gov¢rnanc¢ costs and payment to a part-time administrator who processes grant applications. The Elifar Foundation's fundraising activities. grant assessment process. charity administration and governance are all carried out by the trustees and other supporters on a voluntary basis.
ELIFAR FOUNDATION LIMITED REPORT OF THE BOARD FOR THE YEAR ENDED 31 MAY 2025 Achievements, Performanee and Grant Making Policy (continued) Well supported fundraising events durino the year included the Elifar Challenge, the Revcap Thames Bridges Trek and the annual Golf Event at the Royal Wimbledon Golf Club organis¢d by James Mead. Thanks to Ryan Kennedy for nominating Elifar as the beneficiary of funds raised at the Cheltenham Accessible Retail Golf Day. We are extremely grateful for the support received from the George Lindon- Travers Memorial Race Day, to have been nominated as one of the chosen charities for Propski and PropGolf events and to hav¢ been a beneficiary from the R¢vo Award Cereniony event. Due to the generosity of many corporates and individuals our Christmas Appeal raised £15.3k. Thanks also to M&S and Tesco for their sponsorships at the Elifar Challenge. We are very grateful for the continued generosity of property industry organisations including Revcap Advisors, Macdonald & Co, Balmain Asset Managenient, FMX, GCW, Sh¢Trards, LM, JLL, Schroders. CMS. Keiinedy Wilson, MARK, Ellandi, KLM Retail. The Crown Estate, LSH, Colliers. Essential Living, Levi, LCP Prop¢rti¢s, NewRiver REIT, Newmark, Hamm¢rson, Zest, Evolve, Edozo, Hays, Alma, Savills, CBRE. Vale RE, Grove RE, Kildare, Leslie Jones Architects and Perkins Fox. Thanks also to a long list of friends and family who offer their time on a voluntary basis. The charity could not be able to operate without th¢rn. Applicants living in the London boroughs of Lambeth and Wandsworth continue to receive support from funds donated in previous years by The Battersea Power Station Foundation. Elifar secured sponsorship of £18k from companies and trusts including Revcap Advisors Limited and Macdonald & Co Ltd. This sponsorship is specifically targeted at our essential administration and governance costs as the Foundation strives to ensure that all fundraising and donations go directly to disabled children, young adults and their families. Financial review Total income for the year from donations. legacies, charitable activities. corporate sponsorship, trading activities and investrnenls was £202,705 conipared to £178,511 in the pievious year. The total spend on grants during th¢ year was £232.458 compared to £81,455 in the previous year. The trustees, objective is to distribute the charity's income to suitsble beneficiaries as quickly and efficiently a5 possible and this is dq)endent on both the level and timing of our income and the numb¢r of qualifying applications. Spending on fundTaising activities during the year amounted to £14.719 (£2024.. £25,763) to run the 2024 Elifar Challenge event and £1,763 (2024.. £1,050) in marketing expenses. Expenditure on governance and support activities was £17,019 compared to £16,919 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 incurred net expenditure of £63,254 during the year compared with net surplus of £53,324 in the previous year. The charity's unrestricted reserves at 31 May 2025 w¢r¢ £11,364 compared with £73,710 in the Previous year. This is in keeping with the charity'5 objective of distributing only available funds to qualifying applicants in a timely manner whil¢ complying with the chaTlty's policy on reserves.
ELIFAR FOUNDATION LIMITED REPORT OF THE BOARD FOR THE YEAR ENDED 31 MAY 2025 Public benefit The trustees have complied with section 17(5) of the 201 I Charities Act, having due regard for the Charity Commission's guidance on public benefit when reviewing the trust's aims and objectives, when setting the grant making policy and in making awards. The charity has robust systems and checks in plac¢ to mitigate any losses that could potentially arise through the use of insolvent or fraudulent suppliers. Investment policy and performance There are no restrictions on the charity's power to inv¢st and the current policy is to invest short-tern] 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 r¢scrves at 31 May2025 was £11,364 (2024.. £73,710) Plans for the Future The directors have no immediate plans to modify or radically change any of the objects, activities or policies described above. Currently the demand for funding is exceeding availabl¢ funds and we are considering the best way to manage this in the futur¢, including suspending applications for a short period and reassessing the eligibility criteria. Tru5tees' responsibilities in relation to the financial statements The charity's trustees (who are also the directors of Elifar Foundation Limited for the purposes of company law) are responsible for preparing a trustees, annual Teport and financial statem¢nts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requir¢s the Trustees to prepare financial stat¢m¢nts 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 charitabl¢ cornpany for that period. In preparing these financial statements th¢ 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 ar¢ reasonable and pnLdent 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 concem basis unl¢ss it is inappropriate to presume that the charitable company will continue in operation. The trustees are r¢sponsible for keeping adequate accounting records which disclos¢ with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial staternents comply with the Companies Act 2006. They are also responsible for safeguarding the charitable company's assets and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
ELIFAR FOUNDATION LIMITED KF.PORT OF TI.IE BOARD FOR TUE YEAR ENDED 31 MAY 2025 The trLlStees are re5pon5ible tor Lhe maintciiaiice and integrit3 ot" the corpordte. and financial inforniation iiILliide(l on the chstabIC coinpany s ivebsite. l.egislatioi) iii Ilie United Kingdoni gyoiierning the pi-eparation and dissciniii¢ltion offinancial 5tatemcnt.s may dift-er fi'oin legislatioii iii otlier jLirisdictions. S'mall comp2ni¢s exemption Tliis report lias bLen prL'parcd iii accordaiice with tlic pi'ovi5ions applicable to companies entitled to the sniall COiTipaiiics exemption. Appi'oved bN tlie trustees and signed on tlieir belialf bv= Lucv Hines Dire.ctor Date.. 16*aiiLiarv 20?6
UHY UHY Hark•rYoung LLP Quadrant Hou50 4 Thomas Moro Squar8 London EIW1YW INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ELIFAR FOUNDATION LIMITED FOR THE YEAR ENDED 31 MAY 2025 I report to the trustees on my examination of the financial statements of Elifar Foundation Limited {'the charity.) for the y¢ar ended 31 May 2025 which are set out on pages 7 to 17. Responsibilities and basis of report As the twstees of the charity (and also ils directors for the pUOseS of company law). you are r¢sponsibl¢ for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('th¢ 2006 Act,). Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of iny ¢xamination of the charity's financial slalemenls carried out under section 145 of the Charities Act 2011 ('the 2011 A¢t'}. In carrying out illy examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's Statement have completed my examination. I confinn that no matters hav¢ come to my attention in connection with the examination giving me cause lo believe that in any material respect: (l) accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act- or (2) the financial statements do not accord with those records,. or (3) the fillancial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a inalter considered as part of an independent examination. or (4) the financial statetnenls have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. ILL Rachel Chiin FCCA UHY Hacker Young Quadrant House 4 Thomas More Square London Elw IYW Date.. jl January 2026
ELIFAR FOUNDATION LIMITED STATEMENT OF FINAI¥CIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MAY 2025 Current financial year Note Unrestricted Restricted funds funds Total 2025 Total 2024 Income and endowments from: Donations and legacies Charitable activities Sponsorship Other trading activities Investments 111,471 71.243 18,000 111.471 71,243 18,000 81,501 79,082 16,900 669 359 1,991 1,991 Total income 202,705 202,705 178,511 Expenditure on: Raising funds Charitable activities 16,482 248.569 16,482 249,477 26,813 98,374 908 Total expenditure 265,051 908 265,959 125,187 Net (expenditure)l income (62,346) (908) (63,254) 53,324 Reconciliation of funds Total funds brought forward 73,710 9,813 83,523 30,199 Total funds carried forward 11,364 8,905 20,269 83,523 The results for the year arc derived from continuing operations. There were no recognised gains or losses, other than thos¢ passing through the statement of financial activities.
E.LIFAR FOUNDATION LIMITED BALANCE SHEET AS AT 31 TrL4Y 2025 2025 Total 2024 Total Notes Current assets Debtors Casli at bank and in hand 63.851 109.107 160.197 151,746 Creditors.. amollnts falling due M'ithin olle year (139.928) (68,2?3) Net assets 20,269 8),523 Tlie funds of the cliarity Restricted funds Unrestric.Led funds 14 8.905 11,364 9,813 73.710 ?0,269 83,5?3 l.or the vear endLd 31 May 2025 the Loinpany 'aS enlitled to exemption from audit under se¢tion 477 of the CoinpaLiies Act 2006 rclatlng to small companies. Directors, responsibilitie%'. The meinbers Iiave nol I'CLiiiired Ilie coinpany to obtain an clLidil of its finaiicial stalenients for ihe }'ear in question in accordance with section 476- The dii'ectoi's acknowled(yc thcir IEspoiisibilities for coinplyiiig w itli the Teqiiirernents of tlie Act wilh i-espect to accounling rec()rds aiid the prcparalion of fiiianLial statLnienLs. "I'lie%e accoiiiits al-c prepared in accordaiice witli the .%pecial provisiunb Ot" Part 15 of the Conipanies A¢t "006 relaling to sinall coinpaiiies and constitLltc tlie aniiLiaS accouiits reqiiired by thc companie.s Act 2006 aiid are for LircLilation to mcmbers of tlie coinpatj),. Tlie fiiiaiiciaJ statements oli pa(rcs 7 to 17 ¥ere approved by thc Board and autl)orised for issue on 16 ts janUY 2026 and are signed on theii- belialf bv- LLICY Hiiies Director Company Registration Iyo: 08532341
ELIFAR FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 Accounting policies 1.1 Basis of preparation The financial statements have been prepared in accordance with th¢ "Accounting and Reporting by Charities.. Statenient of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" the Charities Act 2011 and the Companies Act 2006. The charity is a Public Benefit Entity as defined by FRS 102. The accounts are prepared in st¢rling, which is the functional currency of the charity. Mon¢tary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared under the historical cost convention. The principal accounting policies adopted ar¢ set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the chartty has adequate resources to continue in operational cxistence for the foreseeable future. Thus th¢ trust¢es 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 the discretion of the 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 restrict¢d funds are set out in the notes to the financial statements. 1.4 Income recognition Grants, donations and other income are credited to the statcment 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 th¢ 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 b¢ measured reliably, unless it relates to a specific future period. in which case it is deferred. 1.5 Expenditure recognition Liabilities are recognised as r¢sources expended as soon as there is a legal or constructive obligation comtnitting th¢ charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. io
ELIFAR FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 Aceounting policie5 (continued) 1.6 Cash and cash equivalents Cash and cash equivalents includ¢ cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three nionths or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.7 Financial instruments The charity has elected to apply the provisions of Section I I 'Basic Financial Instrnments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when th¢ charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial staternents, when there is a legally enforceable right to set off the r¢cognised amounts and there is an intention to settle on a net basis or to realise the asset and settl¢ the liability simultaneously. Basicfinancial assets Basic financial assets, which includ¢ debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. where the transactioll Is measured at the present value of th¢ future receipts discounted at a market rate of interest. Financial assets classified as receivable within on¢ year are not amortised. Basicfinancial liabili¢ies Basic financial liabilities, including creditors and bank loans are initially r¢cognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently caLed at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition offinancial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire OT are discharged or cancelled. 1.8 Irrecoverable VAT Inecoverable VAT is charged against the category of resources expend¢d for which it was incued.
ELIFAR FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 Accounting policies (continued) 1.9 Charitable aetivities Costs of charitable activities include grants made. 1.10 Allocation of support costs Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support ¢ost5 include back office costs, finance, personnel and governance costs which support the charity's activities. All support and governance costs relate to ¢xp¢nditui¢ on haritable activities and have been allocated accordingly. Donations and legacle$ Unrestricted funds Restrl¢ttd funds 2025 Total 2024 Total Donations and legacies Revcap Thames Bridges Event September 2024 RWGC Event October 2024 Christmas Appeals Propski Events Lindon-Travers Memorial Race Days Revo Award Ceremony Events Accessible Retail Golf Day June 2024 PropGolf Event June 2024 Fantasy Football {FMX) Surveyor Sevens RugbyNetball May 2024 Thames Walk Septembei 2023 S Murphy donation GCW donation Brickworks Gig June 2023 Sherrards donation Other donations Gift aid 34,913 19,285 15,088 12,066 10,287 4,672 3,791 2,433 450 34,913 19,285 15,088 12,066 10.287 4,672 3,791 2,433 450 26,778 10,795 11,975 1,905 463 5,115 5,028 5.000 2,668 2,334 1,064 4.805 3.571 3.565 4,921 3.565 4,921 111.471 111,471 81,501 12
ELIFAR FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 Charitable actAvities Unrestricted Restricted funds funds 2025 Total 2024 Total Elifar challenge income 71.243 71,243 79,082 Other trading activities Unrestricted Restricted funds funds 2025 Total 2024 Total Sale of Christmas cards 669 Investment ineome Unrestrictcd Restricted funds funds 2025 2024 Bank interest receivable 1,991 1,991 359 Expenditure on raising funds 2025 2024 Marketing expenses Elifar challenge expenses 1,763 14,719 1,050 25,763 16,482 26,813 The Elifar Challenge is a fundraising corporate activity event run by th¢ charity. Expenditure on charitable activities Unrestricted Restricted Total funds funds 2025 Total 2024 For th¢ y¢ar ended 31 May 2025.. Grants paid/approved Support and governance costs (s¢¢ not¢ 8) 231,550 17.019 908 232,458 17,019 81,455 16.919 248,569 908 249,477 98,374 13
ELIFAR FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 Ailoeation of support and governance costs The charity initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function. Support Governance costs costs Total 2025 Total 2024 Administrative assistance Office costs Insurance Bank charges Independent examiner's fee 15.256 120 592 61 15,256 120 592 61 990 14,256 1,020 592 61 990 990 Total support and governance costs 16,029 990 17,019 16,919 All support and governance costs are incUed in connection with charitable activities and hav¢ been allocated accordingly. Independent examiner's remuneration The remun¢ration constituted an independent examination fee of £990 (2024.. £990). 10. Directors, remuneration No director or any person ¢onn¢ct¢d with a director has received or is due to r¢c¢ive any remuneration or expenses for the y¢ar dtrectly or indirectly from the Charity's fund5. 11. Debtors 2025 2024 Trade debtors Prepaymcnts Other debtors 49,375 9,476 5,000 38,058 681 3,900 63.851 42,639 14
ELIFAR FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 12. Creditors: amounts falling due within one year 2025 2024 Trade creditors Grants payabl¢ Accruals Deferred income (see note 13) 1,254 59,938 990 79,000 990 65,979 139,928 68,223 13. Deferred income Deferred inconie comprises funds r¢c¢iv¢d in advance of fundraising events held after the year end. 2025 Balance as at l Jun¢ 2024 Movement in th¢ year 65,979 13,021 Balance as at 31 May 2025 79,000 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 specific purposes: Year ended 31 May 2025 Movement in funds Incoming Resources Balance at 31 resources expended May 2025 Balance at I June 2024 Restricted funds 9,813 (908) 8,905 Year ended 31 May 2024 Movement in funds Incoming Resources Balance at 31 resources expended May 2024 Balance at I June 2023 Restricted funds 16,373 (6,560) 9.813 15
ELIFAR FOUNDATIOIN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 The restricted funds are donations received from BPS Foundation to provide grants for applications in Lambeih and Wandsworth. 15. Analysis of net assets betTrveen funds Unrestricted funds Restricted funds Total 2025 Total 2024 Fund balances at 31 May 2025 are represented by.. Curren¢ assets/(liabilities) 11,364 8,905 20,269 83,523 11,364 8,905 20,269 83,523 Unrestricted funds Restricted funds Total 2024 Total 2023 Fund balances at 31 May 2024 are rcpresented by.. Cuent assetsl(liabiliti¢s) 73,710 9,813 83,523 30,199 73,710 9,813 83,523 30,199 16, Company limited by guarantee The limit of the total guarantees of the members of the company arnount¢d to a maximum of £50 at the beginning of thc year and £70 at the 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 period. 16
ELIFAR FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 18. Related party transactions During the year the charity received corporate donations of £18.200 (2024.. £18,250) from Revcap Advisors Limited. The trustee W J Killick is a director of Revcap Advisors Limited. During the year the charity received corporate donations of £12,900 (2024: £3,950) from Macdonald & Company Group Limited. The trustee P Moore is a director of Macdonald & Company Group Limited. During the year the charity received corporate donations of £1,250 (2024.. £1,975) from Fawcett Mead Limited. The trust¢e J Mead is a dii'ector of Fawcett Mead Limited. During the year the charity received corporat¢ donations of £7.900 (2024.. £Nil) froni FMX Urban Property Advisors. The trustee J Mead is a partn¢r of FMX Urban Propety Advisors. During the year the chiirity r¢c¢ived corporate donations of £5,200 (2024: £3,950) from Lunson Mitchenall Limit¢d. The irnstee N Hockin is a director of Lunson Mitchenall Limited. 17