ELEVA FOUNDATION LTD
Financial health, per its FY2023 accounts
The accounts state that the charity's unrestricted funds decreased from £2,338,722 to £1,278,320 during the year, as charitable expenditure of £5,712,035 exceeded total incoming resources of £5,684,580. The trustees report that it is not the charity's policy to maintain cash reserves, aiming instead to distribute substantially all income received to specific projects. The auditor confirmed that the going concern basis of preparation is appropriate with no material uncertainties identified.
What the accounts disclose
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- KIRSTY BENDAHAN BAchair
- Andrea Morrall
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £8.9m | £12.4m |
| 31/03/2024 | £5.0m | £1.3m |
| 31/03/2023 | £4.7m | £5.7m |
| 31/03/2022 | £5.3m | £4.1m |
| 31/03/2021 | £5.1m | £4.8m |
Common questions
Is ELEVA FOUNDATION LTD financially healthy?
The accounts state that the charity's unrestricted funds decreased from £2,338,722 to £1,278,320 during the year, as charitable expenditure of £5,712,035 exceeded total incoming resources of £5,684,580. The trustees report that it is not the charity's policy to maintain cash reserves, aiming instead to distribute substantially all income received to specific projects. The auditor confirmed that the going concern basis of preparation is appropriate with no material uncertainties identified. Its FY2023 accounts were audited by Knill James LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| EDUCATIONAL OPPORTUNITY FOUNDATION | 1 | £90k |
| THE COLES-MEDLOCK FOUNDATION | 1 | £40k |
| THE BEATRICE GILMORE CHARITABLE TRUST | 1 | £27k |
| OVE ARUP PARTNERSHIP CHARITABLE TRUST | 1 | £11k |
| BRITISH HUMANE ASSOCIATION | 1 | £8k |
| THE OAKDALE TRUST | 1 | £2k |