2025-03-31-accounts

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Charity number: 1198337

ELFT CHARITY

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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Eileen Ta lor y Eileen Taylor (Jan 15, 2026, 9:56am) Richard Fradgley (Jan 19, 2026, 2:55pm) ��

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ELFT CHARITY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Notes Income from: Donations and grants 2 Total Expenditure on: Charitable activities 3 Total Net (expenditure)/income Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward	Unrestricted funds 2025 £ 97,003 97,003 274,867 274,867 (177,864) (13,712) (191,576) 1,291,541 1,099,965	Restricted funds 2025 £ 68,561 68,561 82,273 82,273 (13,712) 13,712 - - -	Total funds 2025 £ 165,564 165,564 357,140 357,140 (191,576) - (191,576) 1,291,541 1,099,965	Total funds 2024 £ 1,352,632
				1,352,632
				61,084
				61,084
				1,291,548 - 1,291,548 (7)
				1,291,541

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The notes on pages 16 to 23 form part of these financial statements.

Page 13 of 23

ELFT CHARITY

BALANCE SHEET AS AT 31 MARCH 2025

Notes Current assets Debtors: amounts falling due within one year 6 Cash at bank and in hand Creditors:amounts falling due 7 within one year Net current assets/(liabilities) Total assets less current liabilities Net assets/(liabilities) Charity funds Unrestricted funds 8 Restricted funds 8 Total funds	2025 £ 76,127 1,115,590 1,191,717 (91,752) 1,099,965 1,099,965 1,099,965 1,099,965 - 1,099,965	2024 £ - 1,345,123 1,345,123 (53,582) 1,291,541 1,291,541 1,291,541 1,291,541 - 1,291,541	2024 £ - 1,345,123 1,345,123 (53,582) 1,291,541 1,291,541 1,291,541 1,291,541 - 1,291,541

			1,291,541
			1,291,541
			1,291,541 -
			1,291,541

The financial statements were approved and authorised by the Trustees and signed on their behalf by:

Eileen Ta lor y

Eileen Taylor Eileen Taylor (Jan 15, 2026, 9:56am) Eileen Taylor Chair

East London NHS Foundation Trust (Corporate Trustee)

Date: 4 December 2025

The notes on pages 16 to 23 form part of these financial statements.

Page 14 of 23

ELFT CHARITY

STATEMENT OF CASH FLOWS AS AT 31 MARCH 2025

Cash inflow used in operating activities Net (expenditure) / income for the year (as per the SOFA) Adjustments for: Increase in creditors Increase in debtors Net cash provided by operating activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year Cash and cash equivalents at end of year comprise: Cash at bank and in hand ANALYSIS OF NET DEBT At 1 April 2024 £ Cash at bank and in hand 1,345,123	2025 £ (191,576) 38,170 (76,127) (229,533) (229,533) 1,345,123 1,115,590 1,115,590 Cash flows £ (229,533)	2024 £ 1,291,548 52,482 -
		1,344,030
		1,344,030 1,093
		1,345,123
		1,345,123
		At 31 March 2025 £ 1,115,590

Page 15 of 23

ELFT CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. Accounting policies

1.1 Basis of preparation of financial statements

ELFT Charity is a Charitable Incorporated Organisation, registered in the United Kingdom under the Charities Act 2011. The principal office is East London NHS Foundation Trust, Robert Dolan House, 9 Alie Street, London, E1 8DE.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared in accordance with the relevant version of the 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) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the relevant version of the 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) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

ELFT Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

There were no significant estimates or judgements made by management in preparing these financial statements.

1.2 Going concern

The Trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees have made this assessment for a period of at least one year from the date of approval of the financial statements and believe the Charity has adequate resources to continue in operation for at least twelve months from the approval of the financial statements. The Charity therefore continues to adopt the going concern basis in preparing its financial statements.

1.3 Income

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

1.4 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 on charitable activities comprises of the costs incurred by the charity in the delivery of its activities and services for its beneficiaries, activities undertaken to further the purpose of the charity and their associated support costs.

Page 16 of 23

ELFT CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. Accounting Policies (continued)

1.4 Expenditure (continued)

Allocation of support costs

Support costs are those functions that assist the work of the Charity but do not directly undertake charitable activities. Support costs include back office costs, finance and governance costs which support the Charity's activities. These costs have been allocated to expenditure on charitable activities.

Governance costs are included in support costs and relate to the direct running of the Charity, allowing it to operate and generate the information required for public accountability. They include the costs of accounts preparation and independent examination.

1.5 Fund accounting

Funds held by the charity are:

• Unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

• Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes.

1.6 Cash at bank and in hand

Cash at bank and cash 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.

1.7 Debtors

Prepayments are valued at the amount prepaid net of any discounts due.

1.8 Creditors

Creditors are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any discounts due.

1.9 Taxation

The Charity is exempt from taxation in respect of income and 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 the charitable purposes.

1.10 Financial instruments

The Charity only has financial assets and 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.

1.11 Critical accounting estimates and areas of judgement

In the view of the trustees in applying the accounting policies adopted, no critical accounting estimates and judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.

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ELFT CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

2. Income from donations and grants

Income from donations and grants
Donations Grants Total 2025	Unrestricted Restricted Total funds funds funds 2025 2025 2025 £ £ £ 97,003 - 97,003 - 68,561 68,561 97,003 68,561 165,564	Total funds 2024 £ 1,352,632 -
		1,352,632

In 2024 donations of £1,352,632 were in relation to unrestricted funds.

3. Expenditure on charitable activities

Total funds 2025 Direct costs £ Grants payable 139,580 Recharges from East London NHS Foundation Trust for charitable schemes - Project costs 204,794 344,374 Grants payable are further analysed below. No grants were paid to institutions. 2025 Project Number of Value grants £ 1 75,000 Healthier, wealthier families 1 16,948 13 10,745 Patients Hospital payment 1 9,360 Newham service user drop in service 2 8,451 1 8,190 Support got the Green Group Garden 1 2,539 Global health partnerships projects in Uganda 2 2,054 Items for the homeless over winter 1 1,883 Specialist Palliative Care bereavement and coaching project 1 1,333 Cycling Group 1 900 Forensics jamming group 1 739 Carers event 1 500 International Mens week and Womens day celebrations 1 489 Retirement event 1 224 Service user network region 1 135 Bereavement boxes 1 90 31 139,580 Christmas and summer events and gifts for service users across various wards Interactive activity for children to explore mental health and wellbeing To contribute towards staff awards event and Vitamin B injections for staff	Total funds 2024 £ - 52,333 -
	52,333
	2024 Value £ - - - - - - - - - - - - - - - - -
	-

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ELFT CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

Support costs Accountancy fees Subscriptions Staff training Bank charges Bad debts Governance costs - statutory accounts preparation and independent examination	Total funds 2025 £ 5,862 - 2,100 524 800 3,480 12,766	Total funds 2024 £ 4,266 750 - 435 - 3,300
		8,751

In 2025, of total expenditure £357,140, £82,273 was restricted and £274,867 was unrestricted. Expenditure in 2024 was unrestricted.

4. Staff costs

The Charity had no employees in 2025 or 2024. No members of staff employed in the year earned over £60,000 (2024: none).

5. Independent examiner's remuneration

Independent examination fees 6. Debtors: amounts falling due within one year Prepayments 7. Creditors: amounts falling due within one year Trade creditors Other creditors Accruals and deferred income Fees payable to the Charity's Independent Examiner in respect of other services	2025 £ 1,900 7,442 2025 £ 76,127 2025 £ 77,687 - 14,065 91,752	2024 £ 1,800 5,766 2024 £ -
		2024 £ 9,750 4,266 39,566
		53,582

Deferred income

Deferred income relates to grants received with performance conditions attached not yet met:

Deferred income brought forward Resources deferred during the year Amounts released in the year	2025 £ 36,266 - (36,266) -	2024 £ - 36,266 -
		36,266

Page 19 of 23

ELFT CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

8. Funds

Restricted funds NHS Charities Together Designated funds Bedford General Old Age Psychiatry Total designated funds General funds Total unrestricted Total funds East London NHS Global Health Partnerships Foreign Medical Students Medical Professional Development Professor Besags Learning Disability Psychopharmacology Research Dr Iqbals Learning Disabilities Service Bedford and Luton CAMHS	As at 31 March 2024 £ - 10,074 241,731 243 82,149 19,163 4,581 6,050 19,327 19,502 402,820 888,721 888,721 1,291,541	Income £ 68,561 - - - 4,522 - - - 850 - 5,372 91,631 91,631 165,564	Expenditure £ (82,273) - - - (2,054) - - - - (466) (2,520) (272,347) (272,347) (357,140)	Transfers £ 13,712 - - - - - - - - - - (13,712) (13,712) -	As at 31 March 2025 £ - 10,074 241,731 243 84,617 19,163 4,581 6,050 20,177 19,036
					405,672 694,293
					694,293

					1,099,965

When the charity was established, it created a general fund alongside several designated funds allocated to specific projects delivered by East London Foundation Trust. These projects, which are not typically funded through mainstream NHS funding, are supported by the charity to help fulfil its mission of enhancing the service user experience and expanding its capacity to provide high-quality care.

Restricted funds

NHS Charities Together

Stage 3 Recovery Grant, submitted on behalf of “East London Foundation Trust (ELFT) project provides employment support, job fairs, and relevant training to empower ELFT service users—helping them build confidence, develop skills, and strengthen social networks to support their journey into employment and further training.

Bedford and Luton CAMHS

In partnership with Luton Family Hubs, the Child and Adolescent Mental Health Service (CAMHS) provides outpatient assessments, support and treatment for children and young people up to the age of 18 experiencing moderate to severe mental health problems.

Bedford General

Targeted support for people with mental health needs in Bedford borough and central Bedfordshire.

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ELFT CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

8. Funds (continued)

Dr Iqbals Learning Disabilities Service

Learning disability services help people with learning disabilities live independently. They can provide support with health and social care needs, as well as help with finding employment and making choices.

East London NHS Global Health Partnerships

The East London Foundation Trust have been delivering international collaborative countries for some years across countries in Africa and Asia that include Uganda, Bangladesh, and Zimbabwe. The work service communities by introducing collaborative efforts to utilise best practice methods to further enhance scope of medical practices further afield.

Foreign Medical Students

Training and development to increase best practice and skills sharing across borders.

Medical Professional Development

The National Induction programme has been designed to ensure that all international medical graduates (IMGs) recruited to the NHS are welcomed, valued, and supported as they transition to UK clinical practice.

Old Age Psychiatry

Specialised support for older individuals facing moderate to severe mental health challenges.

Professor Besags Learning Disability Service

Learning disability services assist individuals with learning disabilities in living independently. They offer support with health and social care, as well as guidance on finding employment and making informed choices.

Psychopharmacology Research

Support research and teaching of use of drugs in psychiatry.

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ELFT CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

8. Funds

Designated funds Bedford General Old Age Psychiatry Total designated funds General funds Total unrestricted Total funds Psychopharmacology Research Bedford and Luton CAMHS Dr Iqbals Learning Disabilities Service East London NHS Global Health Partnerships Foreign Medical Students Medical Professional Development Professor Besags Learning Disability	As at 31 March 2023 £ - - - - - - - - - - (7) (7) (7)	Income £ - - - - - - - - - - 1,352,632 1,352,632 1,352,632	Expenditure £ - - - - - - - - (2,913) (2,913) (58,171) (58,171) (61,084)	Transfers £ 10,074 241,731 243 82,149 19,163 4,581 6,050 19,327 22,415 405,733 (405,733) (405,733) -	As at 31 March 2024 £ 10,074 241,731 243 82,149 19,163 4,581 6,050 19,327 19,502
					402,820 888,721
					888,721

					1,291,541

Page 22 of 23

ELFT CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

9. Analysis of net assets between funds

Current year Current assets Creditors due within one year Prior year Current assets Creditors due within one year	Unrestricted funds 2025 £ 1,191,717 (91,752) 1,099,965 Unrestricted funds 2024 £ 1,345,123 (17,316) 1,327,807	Restricted funds 2025 £ - - - Restricted funds 2024 £ - (36,266) (36,266)	Total funds 2025 £ 1,191,717 (91,752)
			1,099,965
			Total funds 2024 £ 1,345,123 (53,582)
			1,291,541

During the prior year, a restricted grant was received from NHS Charities Together of £36,266. This was deferred into the financial year ended 31 March 2025 due to the performance conditions not being met and is thus held in creditors due within one year as at 31 March 2024.

10. Related parties

In their roles as Trustees, the Trustees give their time and expertise freely without any form of remuneration or other benefit in cash or kind and did not claim any expenses.

During the year, recharges were paid to East London NHS Foundation, Trustee of £137,277 (2024: £52,333). There was £10,596 outstanding as at the year end included in creditors (2024: £9,000).

During the year, charitable funding support was paid to Compass Wellbeing CIC, subsidiary of East London NHS Foundation Trust, of £203,689 (2024: £nil). There was £76,127 outstanding as at the year end included in creditors (2024: £nil).

Richard Fradgley, corporate trustee, is also a director of Compass Wellbeing CIC. During the year donations of £75,000 were received (2024: £95,000).

There were no other related party transactions (2024: none).

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ELFT CHARITY

ANNUAL REPORT AND FINANCIAL STATEMENTS

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ELFT CHARITY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

ELFT CHARITY

BALANCE SHEET AS AT 31 MARCH 2025

Eileen Ta lor y

Eileen Taylor Eileen Taylor (Jan 15, 2026, 9:56am) Eileen Taylor Chair

ELFT CHARITY

STATEMENT OF CASH FLOWS AS AT 31 MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. Accounting policies

1.1 Basis of preparation of financial statements

1.2 Going concern

1.3 Income

1.4 Expenditure

1. Accounting Policies (continued)

1.4 Expenditure (continued)

Allocation of support costs

1.5 Fund accounting

1.6 Cash at bank and in hand

1.7 Debtors

1.8 Creditors

1.9 Taxation

1.10 Financial instruments

1.11 Critical accounting estimates and areas of judgement

ELFT CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

2. Income from donations and grants

3. Expenditure on charitable activities

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

4. Staff costs

5. Independent examiner's remuneration

Deferred income

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

8. Funds

Restricted funds

NHS Charities Together

Bedford and Luton CAMHS

Bedford General

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

8. Funds (continued)

Dr Iqbals Learning Disabilities Service

East London NHS Global Health Partnerships

Foreign Medical Students

Medical Professional Development

Old Age Psychiatry

Professor Besags Learning Disability Service

Psychopharmacology Research

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

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