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THE ELMA FOUNDATION (UK)

Registered charity 1176782 · accounts filings on the Charity Commission register · also known as THE ELMA UK FOUNDATION

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Latest income
£3.9m
Latest spending
£5.3m
Registered
2018
Accounts read
FY2021

Financial health, per its FY2021 accounts

The accounts state that the charity held unrestricted reserves of £7,476,117 at year-end, which was in excess of its stated policy target of covering one year's grant disbursements and operating expenditure. The trustees confirmed adequate resources to continue operations as a going concern for at least 12 months, with no material uncertainties identified by the auditors.

What the accounts disclose

Reserves policy: one year's grant disbursements on active grants plus one year's budgeted operating expenditure (held: £7.5m)
“The Charity's reserves policy is to maintain, at the end of each accounting period, cash and cash equivalent reserves to cover one year's grant disbursements on active grants plus one year's budgeted operating expenditure.” — page 7
Per its FY2021 accounts as filed with the Charity Commission.

Accounts audited by Deloitte LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£3.9m
Total spending
£5.3m
Reserves (reported)
£4.0m
Employees
0

Reported reserves equal ~8.9 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£3.9m£5.3m
31/12/2023£7.1m£4.2m
31/12/2022£12k£4.9m
31/12/2021£9.0m£9.9m
31/12/2020£6.5m£3.4m

Common questions

Is THE ELMA FOUNDATION (UK) financially healthy?

The accounts state that the charity held unrestricted reserves of £7,476,117 at year-end, which was in excess of its stated policy target of covering one year's grant disbursements and operating expenditure. The trustees confirmed adequate resources to continue operations as a going concern for at least 12 months, with no material uncertainties identified by the auditors. Its FY2021 accounts were audited by Deloitte LLP.