Scotiish Cbatity Number: SC044029 Elsie Normington Foundation Annual Report and Financial Statements for the year ended 31 March 2025 F O U N D A T 1,0 N
Elsle Normington Foundation Contents Pag¢ R¢port of the TnLStce8 Rq)ort of thc Tndepend¢nt Examiner Statrment of Financial Activities Statement of Financial P06ition Notes to the FinaDcial Stat¢mcllt Comparativ¢ Statement of Financial Artiviti¢s 20
Elsle Normington Foundation Report of tbe Trustee5 for the year ended 31 March 2025 The trwtec5 prcsent their aDnual report and fman¢ial statements of tbe cbariry for tbe year cnded 31 March 2025. Thc [anCial statements hav¢ been prated in accordance with thc accounting policies set out in note I to the accounts and comply with the Charitic5 and Trtter Investment (Scotlano) Act 2005. the Charities Accounts (Scotland) Regulations 2CM)6 (as amendcd) and Accounting and Reporting by Charities: Statement of Rccojnmendcd Practice applicable to ¢hariti¢8. Objective5 3Dd Actlvltle5 l. The relief and promotion of those in need by reason of learning disability through the provision of housing. other facilities and servtces to young peoplc with a leerning disabiliry. and their parcnts and carers. 2. The provision of recreational facilities and the organisation of recreational activities with the object of improvtng the life of young people with a Icarning disability. and their parents and caTef5. 3. Tb¢ advan¢emcnt of ¢ducation for young people with a learning disability tbrwgh tbc provision of facilities and services which will impTove the nature of their live5. Review of our Achievtment and Perfonnance Elsie Nornlington Foundation (EN, ) bas continued to Pursue the vision of developing aDd delivering a spccialist integrated centre called thc Haven C¢ntre - to serve children and young people with severe learning dibabilitics and complex nceds in the Highlands. This ttntre provides a specialist play c¢ntre. ovcrs1i8ht respit¢ flats lo offer Social opportunities and oveTnight social care for these young p¢ople. ENF also a community cafe througb it's ttadiD8 subsidiary ENF Hav¢n Café Litnited. A¢hiev¢meDt5 and PerfonnADce I. ENF bave coniiDucd to convenc Board meetings every four to six weeks throughout tbe year. Each Tnjstee had 8rea of r¢spO81b1lity which they rwrt on af each meetinE. Such trusteeb all have a portfolio of interest and rcport at each meeting bringing thcir exp¢rtise to the table. ENF bave continued to dev¢loped the operation of various Servic in the Community Café, Haven Suites and worked in partnership with SNAP who deliver the specialist play seIces. 2. ENF continu¢d to emplo5 Developrncnt Officer wbich also includes recrnitmenl of volunteers. ShL wuiks four dd)'s pcr week and has consistently provided 8 wide range of fundraising events and supported many people to do thcir own fundrai5in8 occassons and rnade many Connections with parents and organisations. 3. A piece of ReSCCh was complet¢d with University of the Highland5 and Island (UHD which resulted in a very successful launch event with l.ocal Authority and NHS officers present. 4. A new Collsortium Group was developed by monthly hub for parents to Teccive information and advice. whicb has now evolved into 5. A Conference was conv¢ned at UHI in partnersbip with UH] and NHS Highland. A very successfvl evenr with over 100 Candidates present. h&s continued to work Ls Services Manager lo providc manageTnent to and prDI'id¢ dll noniioring reports Tequired from the various fund¢rs. She has also managed the many aspects of setting up a new builthng and dealing with the many snags which has arisen. Pagc I
Elsie Y4ormington Foundation Report of the Trustees for the year ended 31 March 2025 Achlevements and PerforniaDce {cont?d) 7. ENF has employed a thll-time Caf¢ Manager and two part time staff to run the community café which was supported by a team of volunteers. Some of those volunteers have special needs and required a considwdble amount of support. They are now working well within the café team. 8. The Councillor for the local are8 has attended the meetings as an Advi50r. Key MgnaEement Personnel Remuneration Th¢ key management p¢r50nnel compri5c the tnte¢s. The total crnployee benefits of the key management personnel were £nil (2024.. £nil). Vfylunteer5 Th¢ charity d0¢5 not accurately Goll¢ct data about the Dumber of volunteers or the time th&t they contribut¢ but is very appreciative to all involved. FIDanclal Review and Reserves Policy The charity's principal source of llding is through grdnts, donations and fundraising. The financial ststements reported a surplus for the year of £68,726 (2024.. deficit foT the ycar of £2,684,774 after an irnpairn]ent on th¢ property of £3,317.969). At the year-end there were total funds of £1.711,252 (2024: £1,642,526). which 15 mE4de up as follows.. 2025 2024 Restrict¢d fimds of Designated a55et funds of De5ignat¢d funds of Unrestricted funds of The trustees seek to hold a level of reserves sufficient to rncd the organi58tion's unrestricted costs for three months (2024.. three months). It is estimated that three Tnorjths operating cost5 equat¢ to approximately £47,200 (2024: £55,600). The cUellt level of unrestricted Teservcs is £75,307 wbich is above the required level. The trustees believe that they will b¢ abl¢ to meet expenses as th arise. 40,821 1,595,127 19.510 55,794 20,000 1,571,113 3,757 47,656 Statement on risk Th¢ Tnte¢S assess the major risks to which the organisation is exposed on an ongoing basis and have established procedures to mitigate those that are identified as a r¢suit of these reviews. The potential risk that the organisation faces is the risk of incred costs in relation to the buildin8 of the Haven Centre, this has been mitigated by entering into a fixed pricc contract. Plans for FUre The charity is now fijlly operational at the Haven site and developing their customer base succe5sfvIIy, ¢n5uring play and respite services are delivered. Some ground work ha5 b¢en done developin8 ENF into a Higbland wide vision, addSsIng and co-ordinating the additional severe needs of our young people in Highlands and meeting with groups of parents. Page 2
Elsie Normington Foundatlon Report of the Trustees for the year ended 31 M2rch 2025 Strncture. Governance and Management Elsie Norniington Foundation is a Scottish Charitable Incorporated Or8anisaiion (sao). established by ConstiThtion. It is 8 restered Scottish Charity (No. SCI)44029). Appointment of Charity Trustee5 Trustees are appoiDted by the BoAr¢ there is no formal inductioa programme in Pl¢. as n¢w Tn¢5 are genernlly familiar with the organisation's vaiucs and 8ims. Charity Number.. SC044029 Jndependeni Ezaminer.. A9 Accounuwi), Limitc£t Elm House Crad]ehall Business Park Inverness IV2 5GH Page 3
Elsie NormingtoD Foundatfion Report of the Trustees for the year ended 31 March 2025 Reference gnd AdmlDlslrative InformAtion (cont'd) Bankers.. Virgin Money AcLdemy Street Inverness i IJN Solicilors.. Murchison and Law Solicitors and Fstste Agents 5 Ardtoss Tetracc Invern¢s5 IV3 5NQ Tru5tees' respoDsibilities ststemtnt The truste£5 arc responsible for preparing the T[$t8. Annual Rep)rt and the financial statements in accordance with applicable law and United KingdoTn Accounting Standards (United Kingdom Gcncrally Accept¢d Accowiting Practice). Thc law applicable to charities in Scotland requires the ¢n]stees to prepare flljancial statements for each financial year which give a tru¢ and fair view of the stste of affairs of thc charity and of the incoming rCSOUT5 and application of rc50UTce5 of the charity for that period. In preparing these finaDcial sLqiements, the triL8tec5 are rcquired to: select suitable accounting policies and then apply then] consistently. observe thc method5 and principles in the Charitie5 SORP 2019 (FRS 102)" make judgernents 8t estimates that are reasoDable and prudent; state wonether applicable accounting standards bav¢ bcen followoj, subj.ect to any material departur¢s disclosed and cxplained in th¢ financial statements: prepar¢ the financi81 statcrnents ou the going Gonccrn basis unless it is inappropriate to PT&%ume that the charity will Colltillue in operation. The tte are responsible for keeping proper accounting records that disclose with r¢ason8ble aCCacY at any time the fmancial position of th¢ charity and enable them to ¢nsure tbat the financial st&tements comply with the CE]arities and Trustee Investtnent (Scoiland) Act 2005, the ChaTiti¢s AccounLS (Scotland) Reglllations 2006 (as amended) and the provisions of the charity's constitution. They are also responsible for safeguardtng the assets of the chariry and hence for taking reasonabl¢ Steps for the prevention and detection of fraud and othcr irresuiaritics. Thc trustees are r&sponsible for the maintenance and integrity of the charity and financial inforniation included on the ¢harity'S website. Legislation in the United Kirgdom governinE the preparation and dissemination of financial statcrnents may differ from legislation in other jurisdictions. AppToved by the trust¢es on Il Novernber 2025 and signed on their behalf by: Lhalryersonil'rnstee Page 4
Elsle Normington Foundation Independent Examinerls Report to the Trustees for the year ended 31 March 2025 I report to the charity trustees on my examination of the accounts ofthe cbarity foT the year aed 31 March 2025 which are Set out on pagcs 6 to 19 Respective Tesponsiblllties of trustees and examiner Tb¢ chatity's tNstees are responsibl¢ for the prepardtion of tbe arxounts in aLxordance with th¢ terms of the Cb8titics and Trust¢e Investtncilt (Scotland) AGI 21Y)5 and the Chatities Accounts (Scotl2nd) Regulations 2(KJ6. The charity tte¢S considcT that the audit requirement of Regulation 10(1) (8) to (c)of the Accounts Regulations docs not apply. It is my responsibility to examine the accounts as required und¢r section 4411) (c) of tbe Act and to state whethei particular matters have come to my at*ntiOn. Basls of iThdependent ex8miner'5 Stitement My examination is carried out in accordance with11¢8ulation I l of the 2006 Accounts Rcgulation5. An examination includes a review of thc accounting recoTts kept by the charity and a comparison of the accounts PTcsent¢d with thosc Tecords. Ir also includ¢s consideration of any wiusual it¢rns or disClosuS in th¢ accounts, and Seeks explanations from the trusttts concerning any such m2tW5. The proGUreS undertaken do not provide all the evidence that would b¢ required in an audiL and COD5equ¢iitly I do not express an audit opinion on the view given by the &c¢ounts. Independent examiner s statement In the course of my ¢xamination, no matter comc to my attention: which givcs rne reasonable rAuse to believe that in any matertal T¢spt the requiTements: to keep accounting records in accordance with SecUQll 44(1) (a) of th¢ 2005 Act and Regulation 4 of the 2006 Accounts Regulation6" and to prepare accounts whicb ac¢ord with the accounting records and comply witb Regulation 8 ef the 2006 Accounts Regulations; have Dot been rneL or 2. to whicb, in my opinion, attention should bc drawn ITh order to enable a proper understanding of thc aLLoimts to bc reachcd. A9 Accountancy LiTllited, Statutory Au Elm House Cradlehall Business Park Invcrnes5 rv2 5GH tor Date:16 November 2025 Page 5
E15ie Norniington Foundation Statement of Financial ActitieS for the year ended 31 March 2025 Total Funds 2025 Total Funds 2024 Note Unrestricted Designated Funds Funds Restricted Funds Income Donations and Legacies Other Trading Activities Total ID¢om¢ 179,449 43,348 222 797 40.821 220.270 133,859 354 129 823,873 98,146 922.019 90,511 Expendlture Raising Funds ChaTitable Activities 33.986 122,349 156J35 27.368 73,069 100,437 61,354 224,049 285,403 97,474 191,350 288,824 28,631 28,631 Total Expenditure Net incomel(expendlture) before galn51Oosse$) on investmellts Transfers between funds 66,462 (58,324) 8.138 (9,926) 49,693 39,767 12.190 8,631 68,726 633,195 15 20,821 68,726 633,195 Galnsloosses) on revydluydtlon of red *Ssets (3.317,969) (2.684,774) Net Movement In Funds 8,138 39,767 20,821 68.726 Re(on¢iliadon of Funds Tot81 Funds Brought Forward Total Funds Carried Fornard 47,656 1,574,870 1,614,637 20,000 40,821 1.642.526 1,711,252 4,327,300 1.642.526 14 55,794 Page 6
Elsie Normln ton Foundation Bal&nce Sheet as at 31 March 2025 Total Funds 202S Total Funds 2024 NoteUThrestricted Designated Funds Funds Restrfcted Fllnds Flxed Ass¢ls Tangible asscts Investments ,595,127 1,595.127 1,635.919 Total Flxed Assets I S95 129 1635.919 CurreDt Assets Stock Debtors Cash at Bank and in Hand io li 2,522 6,960 90.817 100,299 16,052 64,755 80007 2,323 21,818 24,141 219 41.586 41105 18,594 128,159 146,753 Totsl Current Asset5 Llabllities C[llOr5 falling due within one Iz 25,013 55,794 4.633 I908 30.630 116.123 93.692 Net Current Assetsl(Liablllties) 40,821 607 Total A56ets less Current Uabllities 55,794 1,614,637 40OZI 1.7113S2 1.642,526 Net Assets 13 5S,794 1,614,637 40021 1,711,252 1,642,526 The Funds of the Chgrlty Restricted tncome Fwi(Ls Unrcstricted Funds 40,821 40.821 1,670,431 1.711,252 20.OIJ) 1.622.526 I,04226 55,794 SS,794 1,614.637 1,614.637 Total ChaTIty Funds 14 40,821 The notes on pagcs 8 to 19 forni part of these accounts .4pproved bv the tn]8tees on 17. November 2025 and signed on their behalf by". TrustteiChdiYp¢rsu Trusteel'l"reasurLr Page 7
Elsie Normington Foundation Notes to the Financial Statements for the year ended 31 March 2025 l. Accounting Policies Basis o Pre aralion andAsse$5menl o Goiii Concern E15ie Norniington Foundation is a Scottish ChaTitablc tncoTporated Organisation (SCIO). Th¢ address of the registered olC¢ is given in the cbarity infonnation on pages 34 of these fu]ancial slatements. The nature of the charity's operations &nd principal activities are included in the trustees r¢port on pages 1-2. The charity constitutes a public benefit entity as dcfmed by FRS 102. The fanCIal statements have been prepared in accordance with Accounting aod R¢porting by Charit1¢5: Statement of Recommended Prdctice applicable to charities pr¢paring their accounts in accordance with the Financial RcportiDg Standard applicable in th¢ UK and Republic of trcland issued in October 2019, the Financial Rcporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities and Trustec Investment (ScotIand) Act 2005. the Charities Accounts (Scotland) R¢gu]ations 2006 (as aTncnded), and UK Generally Accepted Accounting Practice. The fuw]cial statements are prepared on a going concern basis under the historical cost convention. modified to include certain items at fair value. The financial statements are presented in sterling which is the fiCtIonal CUTrmcy of th¢ 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 5tatcd. Funds trUcTe For the purpose of the SOFA account as shown on page 6, funds are defined as follows: Unrestticted fimds comprise grants and other income received for the objects of the charity without further specified purpose and are available as general fimds. Designaied funds comprisc those funds which the Trustees have de51gnated for specific purpose5. Restricted fuuds comprix grants and other income received for the objects of the cbarity as specified by the donor. Jncome Reco nition All voluntary income and bank interest Is accounted for when received apart from incom¢ tax recoveries on Gift Ail Rental incorne and Caf¢ ¢v¢nt income which is &ccounted for on an accruals basis. overn ranl The charity received government grant5 towards the building of th¢ Haven Centre. Tncome from government and other grants are recogni5ed at fair value when the charity has entitlement after any perfortnance conditions have been met, it Is probable that the income will be receiv¢d and th¢ amount can be mea5urcd reliably. If entitlement is not met then these amounts arc d¢f¢¢d. Page 8
Elsie Normington Foundation Notes to the Financxal Statements for the year ended 31 March 2025 l. Aecounting Policies (cont'd) Ex endilure Reco nilion aiid ApTecoverable VA T Exp¢nditure is recognised on an accruals basis wh¢n a liability is incurred. Expenditure includes any VAT which cannot be fijlly recov¢red. and is reported as part of the expenditure to which it relates. Chatitsbl¢ eXpendIte ¢omprises those costs incurred by the charity in the dclivcry of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and tbose costs of an indirect natur¢ necessary to supwjrt them. GovernaTJce costs include those incurred in thc governance of the charity and its assets and are Pri7narily associated with constitutional and statutory requirements. Tan ible FedSselS and De recalion Fix¢d assets are Capitalised at cost. Depreciation on tangible fixed assets is provided as follows: Propety 20/0 per annum straight lin¢ (from l April 2024) Fixtures and fittings 250/0 per annum straight line L4nd is not depreciated. Jnvesiments Fixed asset investmcnts are initially measured at trans&ction price cx¢luding transaction costs and are subsequently me&surcd at fair value at each reporting date. Changes in fair valu¢ are reco8nised in net lncome/(expenditte) for the year. Transaction costs are expcnsed as incurred. A subsidiary is an entity controlled by the cbwity. Control is the power to govern the fancIal and operating policies of the entity so as to obLqin benefits from its activities. Srocky Stocks are valu¢d at thc lower of cost and net realisable value. ebiors and Creditors Debtors and creditors receivable or payable are recorded at transaction pricc. Cash aiid t .tli t uival ntf Cash at bank and in hand includes cash and short tern high]y liquid investments wtth a short Matlty of twelve months or1¢55 from the date of acquisition or opening of the deposlt or similar account. Finap7cial instrv ents The charity only has fancial a55ets and financial liabilities of a kind that qualify as basic fmancial inStnncnts. Basic financial instruments are initially r¢cognised at transaction value and subsequently measured at their settlement value. Taxation No corporation tax is payable as tbe charitable company is recogni5ed by HM Revenue & Customs as a charity. The charitable company is not registered for VAT and all input tax 15 included within the ¢xpenditrJTC to which it relates. Page 9
Elsie Normington Foundation Iyotes to the Financial Statements for the year ended 31 March 2025 l. Accounting Polides (cont>d) Goiii Concern Th¢ fwancial ylatetnents have been prepared on a going concern basi5 as the 7eeS believe that no material uncertainUe5 CLi5t. The trustees have considered the level of funds heldand the expected level of income and expenditure for 12 motth from authorising these fmancial statements. The budgeted income and expenditur¢ 15 sufficient with thc level of reserv&s for the charity to bc able to wntinue a5 a going concern. ension Thc Gharity operates a defined contribution plan for the benefit of its employees. Contrtbutions are exp¢ns¢d as they become payable. eralin ases Rentals payable and receivable under operating leases are charged to the SOFA on a 5traigbi line basis over the period of the lease. 2. Related Party Transactions ind Trnstees. Expenses And RtmuD¢ration The tnjstees did not Tcceive any remuneration or expenses for their services in the year {2024: £DiI), in their capacity as Tntee5. Duriag the year £409 (2024: £nil) was paid to ENF Hav¢ll Café Lirnited, a wbolly owncd trading subsidiary of ENF from 0110912024 of ENF for catering s¢rvices. The balanc¢ owed by ENF Haven Café Lirnited at 31 Match 2025 was £8.750 (2024: £nil). During the J-ear £8.948 (2024: £8.010) was paid to Innes &7Jd Partners Limitel a cornpany in which is a director and shareholder, for bookkeeping. accountaney and payroll services. The ba]aDce owed to tThnes & Partners Limited at 31 March 2025 was £3,852 (2024: £3,252). During the period from 0110412027 tc 1510812023 £4,135 was p&id to Eilean Dubh Home Care Limited, a company in which s a director and shareholder, for staff and coosultancy services. . ye3r £5,454 (2024: £011) was paid to olS Services Limited, a company in which s a director and shareholder, for maiDtenance and repair5 5crvices. Thc balance owcd to Orbi.s SLrvtces Llmited at 31 March 2025 was £3,781 (2024.. £nil). During the year£64,806 (from 2310812022. £$9.52%) was paid to Compass Building & CoD5truction Services Limited, a company tn whiLh a director and shareholdcr, for thc final building Work. The balance owed to Compass Building & Construction Services Limited al 31 March 2024 was £64,806 relating lo Ihe rrtcntion fee. During the ye& wife o £25,473), for her work a,5 DevelopTnent orricer. trnstcc, was paid a salary of £26,116 (2024: Jring the year the eharity received doTJations with restrictions from Trusiees and related parties totslling £1.385 (2024: £2.490). Page 10
Elsie Normington Foundation Notes to the Financial Statements for the year ended 31 March 2025 3. Donations and LegacSes Total Funds 2025 Total Funds 2024 Unrestrleted DcslgnAted Funds Funds Restricted Funds Donations Grants Gift aid recovered Donations in kind 113,132 65,181 1,136 20,000 20,821 133,132 86.002 1,136 167,437 &15,494 8,302 2,640 823,873 179,449 40.821 220.270 Total Funds 2024 Unrestricted Designated Funds Fund5 Restricted Funds Donation5 Grants Gift aid r¢covered Donations in kind 107,539 1.616 58.282 645,494 6,882 167,437 645,494 8,302 2,640 823 873 1,420 2.640 111599 1,616 710,658 Included within grdnts is £64,806 (2024.. £nil) received from the Scottish GOvernt as a grant towards the payment of the building retention for the construction of the Haven Centre. 4. Other Trading Activitles Total Funds 2025 Total Funds 2024 Unrestricted Funds Designated Funds Restricted Funds Concerts and events Fundraising sales Cafe sales Respite rental Service costs recharged 18.484 472 38,574 8,419 32,197 98,146 2,610 2,610 35,201 55,310 40,738 133,859 35,201 55,310 40,738 Totsl Funds 2024 Unrestricted Deslgn2ted Funds Funds Restricted Funds Concerts and events Fundraising sales C8fe sales Respite rental Servic¢ costs recharged 18,484 452 18,484 472 38,574 8,419 32.197 98,146 20 38,574 8,419 32.197 51,133 46,993 20 Pagell
Elsie Normington Foundation Notes to the Financial Statements for the year ended 31 March 2025 5. Analysis of Expenditure Total FuDds 2025 Total Funds 2024 UDrestricttd Funds Deslgnated Funds Restricled Funds RAlsing Funds Fundraising costs Event costs Wages and national insurance Employers pension Café purchases and consumables Café r¢pairs, maintenace and tools Café training and wiiforms Café bank and card fees Wages and national insurance Employers pension 4.522 1,292 27.576 596 4,522 1,292 27.576 596 9.663 6,695 22,360 25,473 586 12,028 4,486 2,690 412 22,581 163 9.663 1,11 i 824 256 15,373 141 824 256 15,373 141 27 68 61 Charitable Expenditure Wages and national insurance Etnployers pension Staff and volunteer training and trav Subcontractor costs Advertising and marketing Office costs Subscriptions Insurance Heat and light Rcnt Water rate5 Respite repairs and cleaning Centre rq)airs and cleaning Donations paid AccoulltaDCy and bookkeeping Legal fees Consultancy fees Depreciation Profit/Los5 on disposal Governance Costs Independent ¢xamination Audit fees 38.209 897 2246 28,152 479 66,361 1,376 2246 37389 1,030 4.076 6.153 3.945 856 5,393 36,527 3,825 2,171 8,338 9.995 32,397 7,584 9,380 3.835 3,679 1,145 5,276 23,187 367 522 342 1,319 9,515 4,202 4,201 1,487 6,595 32,702 3,063 701 19.442 3,764 19.442 7,841 12,176 8,948 6,715 4,000 40,793 7.841 12.176 8,880 6,715 4.000 68 40,793 9,651 (55) 2,400 (1,200) 122 349 2,400 (I,200) 224.049 12,695 191350 Total 156 100 437 285.403 288,824 Page 12
Elsie Normington Foundation Notes to the Financial Statements for the year ended 31 March 2025 S. Analysi5 Of Expenditure (cont'd) Total Fund5 2024 UDrestri¢ted Funds Designated Funds Restricted Funds Raising Funds Fundraising costs Event costs Wages and national insurance Employers pension Café purchases and consumables Cafe repairs, maintcnace and tools Café training and unifonns Café bank and c8rd fees Wages and national insurance Employers pension 4,781 19,675 19,711 448 1,914 2,685 5,762 138 6,695 22.360 25,473 586 12,028 4,486 2,690 412 22,581 163 12,028 4,486 1,848 412 22,581 163 842 45,457 41,518 10,499 97,474 Charitable Expendfiture Wages and national insurance Employers pension Subcontractor Costs Advertising and marketing Office costs Subscriptions Insurance Heat and light Rent Water rates Respitc repairs and cleaning Centre repair5 and cleaning Donations paid Accowitancy and bookkeeping L£gal f¢cs Depreciation ProfiVLoss on disposal Governance Costs Audit fee5 29,348 821 8,041 209 37.389 1,030 4,076 6,153 3,945 856 5.393 36,527 3,825 2.171 8,338 9,995 32,397 7,584 9,380 9,651 (55) 4.076 364 479 240 3,891 3207 616 5,393 24.475 3,825 2.171 2.232 9.922 32,397 7,584 9,380 1,898 259 12,052 2,530 73 3,576 9,651 (55) 12.695 12,695 147,957 29.410 13.983 191,350 Total 193,414 70.928 24,482 288,824 Support cost have not been separately tdentified as the twstees consider that there is only on¢ charitable activity. Therefore support costs relate wholly to that activity and have not b¢en separately id¢ntified. Page 13
Elsie Normin ton Foundation Notes to the Financial Statements for the year ended 31 March 2025 6. Analysls of Staff Costs Tot41 2025 Total 2024 Salaries Social security ¢osts Employers pension 104.437 4,873 2.113 111423 82.675 2,768 1,779 Total 2025 Number Total 2024 Number Administration DevelopmenLfFundraising Café No ernployee had ernployee benefits in excess of £60,000 (2024: £nil). 7. Auditor's RemuDer2tion The auditor'5 remuneration paid to A9 Accounlancy Limited for audit fees was £1,200 overaccrued in 2024 (2024: £12,695). 8. Tangible Flxed Assets Furniture & Property Equipment Office Equlpment Land Tot Cost As at l April 2024 As at 31 Marcb 2025 250,000 250 000 J,340,000 1340 ODO 53,476 3.429 1,646,905 1.646.905 Depreciation As at l April 2024 LhaL'gc tVA' tlie ye. As at 31 Mareh 2025 9,053 i J,Jby 1,933 10.986 2b,14 I 22.422 Net Book Value As at 31 March 2024 250.000 1.340,000 44,423 1,496 1.635.919 As at 31 Mareh 2025 250 000 lJ13.184 31.054 889 1595,127 Page 14
Elsie Normington Foundation Notes to the Financial Statements for the year ended 31 March 2025 8. Tangible Fixed A55ets (cont'd) The various prop¢rties held by the charity were tevalued as noted below: Vahwion Datc of valuotion Viluer Th¢ Havcn Centre The Haven Suites 795,000 0710912023 Grabam & Sibbald 545,000 1910112023 Graham & Sibbald The valuations as at 1910112023 and 0710912023 are deemed to be the valu¢ at the reporting date of 3110312025. The original cost was £4,657.969 {2024.. £4,657,969), and had the propcrtics not been r¢valued th¢ accumulated depreciation would have been £93,176 (2024: £nil) and the net book valu¢ £4,564.793 (2024: £4.657,969). 9. Inve51ment$ Total 2025 Total 2024 Additions Market value as at 31 March 2025 Cost of investments held The following inveslm¢nts are h¢ld: 2 x £1 Ordinary shares (100 /0 of issued share capital) held in ENF Haven Café Limited (SC775966). 10. Stock Total Funds 2025 Total Funds 2024 Unrestricted Funds Designated Funds Restrlcted Funds Stock 2,522 I l. Analysis of Debtors Total Funds 202S Total Funds 2024 Unrestricted Funds Deslgnated Funds Restricted Funds Trade D¢btors Amount owed by group und¢rtaking Other debtors 4.453 8,750 2.849 2,100 6,553 8,750 3,291 1,419 223 219 5,541 6,960 16,052 2J23 219 Page 15
E15Re Normin ton Foundation Notes to the Financial Statements for the year ended 31 March 2025 12. Analysi5 of current l%ibilities long ierm creditor5 Unrestricted De5ign2ted Funds Funds Total Funds 2025 Total Funds 2024 Restrficted Funds Due wlthln l year Trade creditors Other Creditors Accruals Taxation and Social S¢curity 8,532 3.005 11,537 8,008 64,806 l9,489 1,389 93,692 14.213 2,268 1,628 410 574 16,251 2,842 4,633 13. Analysis of Net Assets Between Funds Unrestricted Deslgnated Funds Funds Total Funds 2025 Restrleted Funds Fixed Assets Investments Current Assets Cuffent Liabilities 1,595,127 1,595,127 80.807 (25.013) 24,141 (4,633) 1614 637 41,805 (984) 146.753 (30,630) 1711252 Net Asset5 As at 31 Mareh 2025 Total Funds 2024 Unrestrleted Deslgnated Funds Funds Restricted Funds Fixed Assets Current Assets Current Liabilitics 1.635,919 8.140 (69,189) 1,574 870 1,635,919 100,299 (93,692) 1.642526 72,159 (24,503) 20,000 Net Assets as at 31 March 2024 Page 16
Elsie Normington Foundation Notes to the Financial Statements for the year ended 31 March 2025 14. Movement In Funds Asat 01.04.2024 Incoming Resources Outgoing Resources Asat 31.03.2025 Transfers Re$trlcted Fund5 Salary Fund Respite Appeal Compassion Dragon's Den Garden 20,000 (28.631) 8,631 JO,201 10,000 i 0,000 10,620 10,201 10,000 10,000 10,620 40821 8.631 Unrestrictd Funds General Desi naled Funds Fixed Assets Café Respite Rental Investment 47,656 222,797 (156,335) (58.324) 55.794 1,571,113 2,626 1.131 (40,793) (3J,568) (28,076) 64,807 (6,259) (8,857) 1,595,127 35,201 55JlO 19,508 74.870 26 313 90 11 49693 100.43 256 772 1614 637 1 670 431 Tot21 Funds 1642 526 354 129 285 403 Asat 01.04.2023 Incoming Resour¢e5 Outgoing Resources Asat 31.03.2024 TrAnsfers Restricted Funds Haven Appeal Salary Fund Re5Plte Appeal 128,373 655,552 20,000 35,126 710 678 (20,021) (763.904) 20,000 (4,461) (30,665) 794 569 128 373 20.000 Unrestrlcted Funds General Desi aied Funds Fixed Assets Café Respitc Rental 196,095 162.732 (193,414) (117.757) 47.656 4,002.832 (3,327.620) (49,798) (11,479) 895,901 12234 4,191 1.571,113 2,626 1.131 40,190 8,419 4 002 832 912 26 1,574,870 1.622 526 4.198.927 211341 li 794 569 Total Fund5 4J27JOO 922.019 3,606.793 1642.526 Page 17
Elsie Normington Foundation Notes to the Financial Statements for the year ended 31 March 2025 14. Movement in Funds (cont'd) ExplanotlOA offunds The General Fund- encompasscs all income and cxpenditure relating to the primary focus activities of the charity, othcr than those for which funding is rcstTiCted. The Fixed Assets Fund - represents the net book value of the charitys fixed assets, distinguishing thelr value from unrestricted general funds immediately availabl¢ for use. The Cafe Fund - represents income and expenditure in relation to the operatlOD of the Café. The Respile Rental Fund - represents income and expenditure in relation to the operation of the Respite flats. The Bridge to Bridge Fund - rcprcsents funds raised from the 2024 Bridge to Bridge event. The Investment Fund - repres¢nts the net book valu¢ of the chaTitys fixed assets, distinguishing th¢iT valu¢ from unrestricted general fun(Ls inunediately available for usc. The Haven Appeal Fund - represents money raised for the ttinstNclion costs of the Haven Centr¢. The Salary Fund - repr¢sents money received for to covcr the cost of employing an administrator. The Respite Appeal Fund - represents money received to Lt out, th¢ respite flats. The Compassion Fund - represents funds received to support families in fujancial hardship with care costs. The Dragon's Den Fund - repr¢sents fiuids received towards the Dragon, Den eveTrt. The Garden Fund - represents fi]nds re¢eiv¢d towaTds the development of the conununity garden. 15. Fund Transfers General Designated rund fund Restricted fund$ Total transfers l - From Café Fuod to General Fund 2 - From General Fund to Salary Fund 3 - From Respite Rcntal Fund to Gen¢ral Fund 4 - From Gen¢Tal Fund to Investment Fund 5 - From General Fund to Fixed Asset Fund 6,259 (8,631) 8,857 (2) {64.807) (58,324) (6,259) 8.631 (8,857) 64,807 49,693 8,631 l - transfers betwe¢n fimds r¢lating to the surplus on designated funds. 2 - transfers between funds relating to the deficits on restricted funds. 3 - tran5fcrs between funds relatin8 to the contribution towards general costs. 4 - transfers between fimds relating to the purchase of investments. 5 - transfers between funds relating to the movement on fixed assets. Pag¢18
Elsie Normington Foundation Notes to the Financial Statements for the year ended 31 March 2025 16. Subsidi*ry Results Total 2025 Income Sales and donations received 47,431 47N31 Expenses Purchases direct costs (adjusted for stock) Salaries, social security and pensions Rates and insuranc¢ Heat and light Tel4)honc, postsge, stationery and advertising Repairs, maintenance and cleaning costs Accountancy fees Computer and softwar¢ costs Training Other expenses EntertainmeDt Bank and credit card chargcs 12,215 31,447 701 4,680 419 1,681 1,620 612 56 136 270 54,281 Sury)lus for the y¢ar (6,850) Assets and Liabljltles 2267 Debtors and prepaym¢nts Bank and C&sh Balallce owed to paTcnt compally Creditors and accNals 2,880 (8,750) (3,245) (6.848) Capital aDd Reserves Shar¢ Capltal Re5¢Tves (6.850) (6,848) Page 19
Elsie Norrnin ton Foundation Comparative Statement of Financial Activities for the year ended 31 March 2024 Total Funds 2024 NDte Unrestricted Deslgnated Funds Funds Restricted Funds Ineome Donations and Legacies Other Trdding Activities Total Income 111,599 51,133 162.732 1,616 46,993 48,609 710.658 20 823,873 98,146 922,019 710,678 Expendlture Raising Funds Charitable Activities 45,457 147,957 193,414 41.518 29,410 10.499 13,983 24,482 97,474 191,350 288024 Total Expenditure 70,928 Net incomeJ(expenditure) before Eainsloosses) on investments Transfer5 between funds (30.682) {117,757) (148.439) (22,319) 912,326 890,007 686,196 (794,569) (108,373) 633,195 633,195 GainslOosse5) on revgluatlon of red Ydssets {3,317,969) (148,439) (2.427,962) (3,317,969) {108.373) (2.684,774) Net Movement ID Funds Reconcljlatlon of Funds Total Funds Brought Forward Total Funds Carried Forward 196,095 47,656 4.002.832 1,574.870 128.373 20.000 4.327,300 1,642526 13 Page 20