Charitable funds

ELFS combines best practice shared services solution design with its knowledge of the complexities in the NHS.

We always aim to deliver a suite of services tailored to the clients need. Client service requirements can be individually selected from the ELFS services menu. A summary of the key services included in the Service Level Agreements and how to access the Framework are listed below.

  • Accounts payable – including processing of invoices and monitoring of creditor balances
  • Accounts receivable – including debt recovery
  • Reconciliation of bank accounts and relevant control accounts
  • Preparation of monthly SoFA, SoFP and cash flow
  • Monthly reports as agreed with Client Organisation for Trust Board and Charities Committee
  • Monthly fund holder statements distribution
  • Submission of Gift Aid claims to HMRC
  • Investment detail from Brokers downloaded and analysed
  • Processing of expenditure requests, including checking of signatures to fund balances
  • Provision of advise Finance, Admin and Clinical staff
  • Production of Statutory accounts and supporting information
  • Liaison with External and Internal Audit, providing information and explanations as required
  • Completion of VAT Exemption Certificates where appropriate and analysis of VAT paid
  • Liaison with Procurement regarding processing of orders