ELFT CHARITY
Financial health, per its FY2025 accounts
The accounts state that total income for the year was £165,564, a significant decrease from the prior year's £1,352,632, while expenditure increased to £357,140. Consequently, unrestricted reserves fell to £1,099,965, which remains above the stated policy target of £200,000. The independent examiner confirmed that proper accounting records were kept and the accounts accorded with those records.
What the accounts disclose
“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). Page 23 of 23” — page 23
“During the year, charitable funding support was paid to Compass Wellbeing CIC, subsidiary of East London NHS Foundation Trust, of £203,689 (2024: £nil).” — page 23
Structured financials (annual return, FY ending 31/03/2024)
Trustees
- East London NHS Foundation Trust
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £166k | £357k |
| 31/03/2024 | £1.4m | £61k |
| 31/03/2023 | £1k | £7 |
Common questions
Is ELFT CHARITY financially healthy?
The accounts state that total income for the year was £165,564, a significant decrease from the prior year's £1,352,632, while expenditure increased to £357,140. Consequently, unrestricted reserves fell to £1,099,965, which remains above the stated policy target of £200,000. The independent examiner confirmed that proper accounting records were kept and the accounts accorded with those records. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| YORKSHIRE BUILDING SOCIETY CHARITABLE FOUNDATION | 1 | £3k |
| The Dentons UK and Middle East LLP Charitable Trust | 1 | £2k |
| LEADERS IN COMMUNITY | 1 | £0 |