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2025-03-31-accounts

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Registered number: 03090774 Charity number: 1048816

Education for Health

Trustees' Report and Financial Statements

for the year ended 31 March 2025

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Contents

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1 - 2
Chairman's Statement 3 - 4
Trustees' Report 5 - 14
Independent Auditor's Report on the Financial Statements 15 - 18
Consolidated Statement of Financial Activities 19
Consolidated Balance Sheet 20 - 21
Charity Balance Sheet 22 - 23
Consolidated Statement of Cash Flows 24
Notes to the Financial Statements 25 - 54

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Reference and Administrative Details of the Charity, its Trustees and Advisers for the year ended 31 March 2025

Trustees Dr Robert Angus,Chair(resigned 27 November 2024)
Dr CathyWinfield,Chair(from 28 November 2024)
Mr Mike Attwood
Mr Steven Landrey (resigned 30 July2024)
Ms Jackie Moore(appointed 30 July2024,resigned 31 December 2024)
Mrs Aileen Muir(resigned 11 April 2025)
Mr Christopher Rowles
Mr Paresh Samat(appointed 8 January2025)
Company registered
number
03090774
Charity registered number
1048816
Registered office
1 Lowes Lane Business Park
Lowes Lane
Warwick
CV35 9RB
Principal operating
office
1 Lowes Lane Business Park
Lowes Lane
Warwick
CV35 9RB
Company secretary
Ms Jackie Moore (appointed 8 January 2025)
Chief executive officer
Mr Richard Brown
Independent auditor
Dains Audit Limited
2 Chamberlain Square
Birmingham
B3 3AX
Bankers
Barclays Bank Plc
PO Box 1352
25 High Street
Coventry
CV1 5QZ
Solicitors
Rollasons Solicitors LLP
7 Clarendon Place
Leamington Spa
Warwickshire
CV32 5QL

Page 1

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Reference and Administrative Details of the Charity, its Trustees and Advisers (continued) for the year ended 31 March 2025

Investment Advisors EFG Harris Allday 33 Great Charles Street Birmingham B33JN Legal advisors Shakespeare Martineau Brideway House Stratford on Avon CV37 6YX

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Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Chair's statement

for the year ended 31 March 2025

The chair presents her statement for the year.

Having served my first three-year term as a Trustee I was pleased to take on the role of Chair of the charity in November 2024 and would like to thank my predecessor, Dr Rob Angus, for his long-standing commitment to Education for Health and his leadership of the charity. I would also like to thank Steven Landrey and Aileen Muir, who completed their terms as Trustees, for their contributions to the charity and the expertise they shared with the organisation.

Stepping into this role has been both an honour and a responsibility, as we navigate an era of significant change and opportunity in health education. Over the past year, the charity has focused on strengthening its governance, developing new strategic partnerships, developing a supportive staff culture and continuing to innovate. Our Board of Trustees has been active in shaping the organisation’s vision, ensuring that our decisions are guided by our core values and mission to improve health outcomes through the education of health and care professionals. I am grateful for the energy and expertise each Trustee brings to the table, and for the effective collaboration with the executive team.

As we look ahead, our priorities remain the advancement of educational excellence and the expansion of our impact by attracting more customers to our programmes. We recognise that the landscape of healthcare is evolving rapidly, and with it, the needs of both professionals and patients. In anticipation of the NHS Ten Year Plan, we are committed to embracing new technologies, enhancing the accessibility of our programmes, and supporting our staff to deliver outstanding learning experiences.

It has been a busy year for the charity, and I am delighted that we have been able to attract new talent to the organisation and strengthen the executive team. In December we appointed a new Chief Executive Officer, Richard Brown, with an extensive background in the charitable sector and experience of growing organisations. I would like to offer my thanks to our former Chief Executive Officer, Dr Linda Edwards. We also appointed a new Finance Director in January 2025, Jackie Moore, who has been able to make welcome improvements to organisational governance and reporting to the Board. We are grateful to her predecessor, Becky Harkcom, for her many years of service to the charity.

In the Autumn we undertook a staff survey and received valuable feedback from our team which has led to a number of improvements including the office environment, flexible working, communication and the agreement to establish a People Committee in 2025-26 with staff representation. We will repeat the staff survey in the coming Autumn to assess progress.

The Board also approved recommendations from the executive team to restructure the organisation for improved functional alignment, a process which has now been successfully completed.

We continue to strengthen our academic capability under the excellent leadership of Vanessa Williams, Director of Learning Design and Quality, and thank Valerie Woodward, the outgoing Chair of the Academic Board, for her support and dedication over the many years with Education for Health. We would like to welcome our new Chair, Virginia Grose, who is Head of the Westminster School of Arts and brings extensive experience in higher education leadership and academic standards.

Our valued partnership with the University of Hertfordshire continues and our postgraduate programmes were successfully revalidated in January this year. The postgraduate portfolio was streamlined to focus on a single MSc in Long-Term Conditions, with multiple postgraduate certificates and programme pathways available within this programme. The revalidated programme received six commendations from the University’s panel, including commendations relating to student support, the flexibility of the programme, and the excellence assessment landscape that was described as “varied and innovative and directly related to students’ practice”.

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Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Chair's statement (continued)

for the year ended 31 March 2025

Our Level 5 and 6 short courses also underwent a Periodic Review process in 2025, and the portfolio will be expanded with the addition of a Level 6 course in Interstitial Lung Disease. This new course, the development of which was funded by Boehringer Ingelheim, will launch in October 2025.

We are especially delighted our learner numbers are up from 3,889 in 2023-24 to 4,408 in 2024-25.

Despite these positive developments we have noted that budget and staffing pressures are affecting the ability of our major customer, the NHS, to fund courses and release staff. As a result, efforts have been directed towards reducing overhead costs and adopting a strategic approach to broaden the customer base within and beyond the NHS. In 202526, the organisation plans to implement a new business plan, which will expand our customer base by increasing the range and scope of our educational offer and developing our income platforms. By doing so we will be able to offer more people who don't have access to funding the opportunity to learn with us via our remodelled Ursula Gallagher Bursary scheme. As the population expands and ages there is a growing demand for the training that we can offer, and our ambition continues to be to respond to that demand. We are excited about the future and look forward to celebrating our 40th birthday next year with our staff, partners and customers.

Dr Cathy Winfield, Chair Date: 06-Nov-25 | 9:49 AM GMT

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Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Trustees' report

for the year ended 31 March 2025

The Trustees present their annual report together with the audited financial statements of the Charity for the year 1 April 2024 to 31 March 2025. The annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the group and the Charity qualify as small under section 383 of the Companies Act 2006, the group strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

Our vision is a world where people with long-term conditions have access to the help and support they need to live healthy and fulfilling lives.

The Charity’s objectives are:

  1. To promote the health and well-being of the general public through the provision of education to those who can influence others, including patients and the public, in such areas as the Trustees of the Charity may at their absolute discretion from time to time determine.

  2. For the public benefit , to relieve sickness through the promotion of preventative measures, and the provision of excellence in care, treatment and management of disease, and the carrying out of research into such diseases as the Trustees of the Charity may at their absolute discretion from time to time determine.

  3. The furtherance and pursuance of charitable purposes which are exclusively charitable according to the laws of England and Wales as the Trustees of the Charity may at their absolute discretion from time to time determine.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Our ambitions and enablers:

Ambitions

  1. Create a sustainable dynamic organisation providing leading edge education & training.

  2. Demonstrate the impact high quality education and training has on health outcomes.

  3. Create a dynamic health community at the leading edge of health developments and practice

Enablers

  1. Have the capability and capacity to deliver our ambitions

  2. Team with partners who can help us be better and provide an excellent customer experience.

  3. Invest in the technology and skills to improve quality and efficiencies

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Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Trustees' report (continued)

for the year ended 31 March 2025

Objectives and activities (continued)

Healthcare landscape

There are a number of factors which have impacted on the demand for health care:

b. Strategies for achieving objectives

Against the backdrop of a challenging healthcare landscape, 2024-25 saw a major reorganisation of the Charity. In parallel the new government launched the NHS 10 year plan which set out three shifts for the NHS:

At the same time NHS England was abolished and Integrated Care Boards were merged to create fewer larger organisations. The Trustees felt that the Charity needed to:

Recognising that significant investment would be required to refresh the educational portfolio and reach an increasing number of learners, the Trustees agreed the use of reserves in order to support the achievement of the Charity's objectives.

c. Activities undertaken to achieve objectives

2024-25 saw the re-accreditation of the Charity’s Level 7 programmes and Level 5 and 6 short courses with the University of Hertfordshire. The year-long re-validation process incorporated a full analysis of learner outcomes and student success with focus groups and surveys of key stakeholders, including students, tutors, and programme staff, culminating in a day-long panel meeting with representatives from across the University. The re-validated provision is

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Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2025

Objectives and activities (continued)

built on a revised assessment strategy, a broadened range of student support services, and a streamlined portfolio of courses and modules. The re-validation process provides assurance that the Charity continues to deliver high-quality learning that meets the requirements of the University of Hertfordshire and national standards and regulations for higher education. Our accredited courses are a significant differentiator of the Charity’s education provision in the healthcare education market.

The Charity also continued to deliver continuing professional development (CPD) programmes throughout the year, ensuring that its educational provision serves a range of audiences and learning needs. Free webinars run in collaboration with Asthma & Lung UK attracted 575 learners, demonstrating the Charity’s reach and position as a trusted partner for national organisations.

In 2024-2025 we continued to work with our committed corporate partner (Chiesi) who sponsored a series of workshops across the UK upskilling Health Care Professionals (HCP's) looking to further their respiratory knowledge. Alongside this they partnered with us to continue to offer their bursary scheme supporting HCPs to access accredited education.

In 2024-2025 we were successful in being awarded a grant from another corporate partner (AstraZeneca) who were keen to partner with us to support future respiratory leaders by enabling access to accredited education.

Our partnerships with corporate partners are very valuable as they provide opportunities for HCPs to access quality education at reduced rates. It is vital that we support the workforce as they look to upskill and advance their careers.

In addition to the above we have also been delighted to work with corporate partners who have sponsored virtual webinars on current themes in the healthcare landscape (New therapies in Respiratory Care, Pharmacology and Mental Health) These events were highly successful and attendees commented on how beneficial the educational session was to their practice.

d. Social investment policies

Social value is a core principle underpinning the delivery of the NHS’s 10 year plan. The government recognises that improving health outcomes requires more than clinical care: it demands investment in the broader determinants of health, such as housing, employment, education, and community wellbeing. To support this, NHS contracts will increasingly require suppliers to demonstrate their social value and how they contribute to community benefit, sustainability, and workforce development.

Looking ahead forward, the Charity aims to demonstrate how it delivers social value beyond its core services of education. This includes:

e. Main activities undertaken to further the Charity's purposes for the public benefit

Whilst the majority of our standard portfolio of courses and webinars are aimed at healthcare professionals, the Charity is committed to providing education for public benefit in line with the Charity Commission’s guidance on public benefit

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Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Trustees' report (continued)

for the year ended 31 March 2025

Objectives and activities (continued)

and continues to run a free eLearning course: “Supporting Children and Young People’s Health: Improving Asthma Care Together.” The course is aimed at anyone who supports children and young people, including teachers, youth leaders, sports clubs and parents.

The course is designed to:

By offering this course free of charge, we ensure that financial barriers do not prevent access to potentially life-saving information. This supports health equity and ensures that people from all backgrounds, including those in underserved communities, can benefit.

Originally developed in partnership with The George Coller Memorial Fund, the course is included as part of the relevant training for professionals within Tier 1 of the NHS England & NHS improvement National Bundle of care for Children & Young People with Asthma. During the year 22,669 people accessed the course.

Achievements and performance

a. Key performance indicators

The Charity is pleased to report continued strong performance against our key deliverables for the year, demonstrating our continuing impact on the lives of people with long term conditions.

Evaluation data:

‘The content increased my knowledge and understanding of the subject’: average score of 4.58 out of 5

‘I will be able to apply what I learned in my work’: average score of 4.61 out of 5

‘How likely are you to recommend our courses to a colleague?’: average score of 9.12 out of 10

Notes to evaluation data: a new evaluation framework was implemented in Summer 2024, so this data does not reflect courses from early on in the financial year. This data represents learners across our portfolio of accredited and CPD courses.

b. Financial results for the year

As part of a three-year revised strategic plan, the Trustees approved the use of reserves to support investment into the portfolio. Income was £1.5m (2023-24 £1.8m) whilst operating expenditure was £1.8m (2023-24 £1.6m). This reflects the increased take-up of our free and subsidised courses and the additional costs of re-accrediting and refreshing our courses.

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Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2025

Achievements and performance (continued)

c. Factors relevant to achieve objectives

The NHS continues to be the Charity’s largest customer. During the year the NHS was operating under significant operational challenges including delivering efficiency savings in excess of historical averages. Funding constraints and the ability to release front line staff for training impacted growth in this area. A key part of the Charity’s strategy going forwards is to expand its reach within the NHS but also to diversify its customer base.

d. Investment policy and performance

The Charity seeks to produce the best financial return within an acceptable level of risk. Our investment policy states:

On behalf of the Board, the Finance, Audit and Risk Committee monitor the activities and performance of investments against standard benchmarks. Investment losses of £21,311 occurred during the year (2023-24 gains of £43,910) and investment income of £86,165 (2023-24 £44,782) were received.

Financial review

a. Going concern

The Trustees continue to closely monitor the financial position of the Charity to ensure that there is sufficient cash to support the financial and moral obligations of the Charity in the foreseeable future. In April 2025 the Board of Trustees approved a budget for 2025-26 that reflects the challenges faced by the healthcare industry and the need to invest in our education products to stay current and relevant.

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate

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Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2025

resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

Our designated reserves are made up of:

  1. The designated strategic development fund of £0.15m is used to fund and support our strategic initiatives.

  2. The operating fund of £0.17m reflects our moral obligation to support our existing students to complete their studies.

  3. £0.46m being fixed assets not readily convertible to cash.

  4. Lease and dilapidation commitments of £0.10m for Lowes Lane offices.

As part of the 2024-25 budget setting process, our Finance, Audit and Risk Committee reviewed the Charity’s reserves policy and confirmed that the policy remains valid and the Charity should maintain free reserves:

The target for free reserves is £1m however the Trustees consider that six months of operating expenditure is sufficient.

On 31 March 2025, unrestricted free reserves of the group, excluding designated reserves, amounted to £0.92m calculated as follows:

calculated as follows:
Group
£000
Total funds 1,381
Less designated reserve 463
Free reserves 918

c. Principal risks and uncertainties

The Charity has defined its strategic risks as those matters that could inhibit the achievement of our charitable objectives. All levels (Board, Executive Team, staff) can identify events or actions that may threaten strategic objectives. Once risks are identified, systems and procedures are implemented to mitigate them. The Executive Team regularly reviews risks and the Trustees review the risk register quarterly at Finance, Audit and Risk Committee and Board meetings to monitor mitigation progress.

The major risks identified relating to the long-term financial sustainability of the charity are:

The Charity is constantly evolving in order be flexible to respond to the changing demands of the external environment. The Trustees are satisfied that reasonable steps are being taken to limit the probability and impact of these risks.

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Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2025

Structure, governance and management

a. Constitution

Education for Health is a Company Limited by Guarantee and a Charity registered with the Charity Commission. The Charity is regulated by its Memorandum and Articles of Association adopted on 30 July 1995 and last amended on 27 September 2016.

The Board of Trustees (who are also Directors) are responsible for the overall governance of the Charity. The Articles specify that there are to be a minimum of five Trustees but no maximum is specified. Trustees are expected to attend a Strategic Planning Day each year where, with the Executive Team, the long-term aims of the Charity are developed. In addition to the Annual General Meeting, the Board meets four times per year when Trustees review the Charity's performance, future operating plans and budgets.

b. Organisational structure and decision-making policies

The Charity has the following subsidiaries: Education for Health Trading Limited (100% owned), National Respiratory Training Centre Limited (100% owned) dormant since its incorporation, and Respiratory Education UK (100% owned). National Respiratory Training Centre Limited was struck off on 7 May 2024 and Respiratory Education UK was struck off on 28 May 2024.

Mrs Greta Barnes MBE, the Founder of our Charity is the Patron of Education for Health.

There are four formal sub-committees of the Board of Trustees which are accountable to the Board:

Each committee has its own Terms of Reference and is accountable to the Board where decisions are ratified.

The Board delegates the power in connection with the day-to-day management and administration of the Charity to the Chief Executive. Performance and risk are measured against strategic objectives, with regular reporting to the board, so that decisions made under delegated power can be ratified by the full Board. The Chief Executive is responsible for the day-to-day management of the Charity’s affairs and for implementing policies agreed by the Board.

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Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2025

Structure, governance and management (continued)

c. Policies adopted for the induction and training of Trustees

The Trustees maintain and regularly review the Board skills matrix to ensure that the composition of the Board supports delivery of the organisation’s strategic objectives.

The appointment of new Trustees follows advertisements placed with specialist bodies and stakeholders. Applicants are shortlisted against agreed criteria and interviews carried out by a panel of Trustees. The preferred candidate is invited to join the Board subject to approval by the full Trustee Board and formal vetting. New Trustees are aligned to one of the sub-committees in accordance with their skills and expertise and have a programme of induction with each of the executive portfolio holders.

d. Pay policy for key management personnel

The remuneration and rewards policy ensures all staff are paid fairly in line with national benchmarking, ensuring we attract and retain the right skills to have the greatest impact on delivering the Charity's objectives. The Board of Trustees determines the salary of the Chief Executive. The Chief Executive recommends salaries for the Executive Team for Board approval. Pay awards are made after considering Retail Price Index, the performance of the Charity and the extent to which its objectives have been achieved, and the contribution of the individual to achieving the Charity's objectives, which is measured through the annual appraisal process. All salaries are benchmarked against comparable roles in similar sectors.

For other staff, the Board of Trustees have delegated responsibility to the People Committee to:

e. Trustees' indemnities

Trustee indemnity insurance was purchased by the Group at a cost of £2,240 (2024 - £2,240).

Plans for future periods

The NHS and wider health and care system have been under extreme pressure since the start of the Covid pandemic. Health and care professionals have never experienced such unrelenting pressure. The impact of an ageing population

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Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2025

Plans for future periods (continued)

with resultant increased demand and regional variability places significant pressures on the NHS workforce. It is therefore imperative that education and training is delivered in flexible and accessible ways. This enables healthcare professionals to access the knowledge and expertise they need to deliver quality outcomes for people with long-term conditions. Over the 2025/26 financial year, the Charity will continue to review its education portfolio, with particular attention to the CPD portfolio, to ensure that it is delivering a range of educational interventions that meet the needs of diverse audiences within the healthcare sector. It will continue to build and strengthen collaborations with industry partners and other national organisations and charities and will work with stakeholder groups to ensure that its portfolio remains at the forefront of current issues and evidence-based practice.

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the Charity and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditor

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

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Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2025

Auditor

The auditor, Dains Audit Limited, has indicated his willingness to continue in office. The designated Trustees will propose a motion reappointing the auditor at a meeting of the Trustees.

Approved by order of the members of the board of Trustees on 6 November 2025 and signed on their behalf by:

Dr Cathy Winfield Chair

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Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Independent Auditor's Report to the Members of Education for Health

Opinion

We have audited the financial statements of Education for Health (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the consolidated statement of financial activities, the consolidated balance sheet, the charity balance sheet, the consolidated statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

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Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Independent Auditor's Report to the Members of Education for Health (continued)

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

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Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Independent Auditor's Report to the Members of Education for Health (continued)

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the Charity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

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Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Independent Auditor's Report to the Members of Education for Health (continued)

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Mark Gurney FCCA (Senior Statutory Auditor)

for and on behalf of Dains Audit Limited

Statutory Auditor Chartered Accountants

Birmingham

6 November 2025

Page 18

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Consolidated Statement of financial activities (incorporating income and expenditure account) for the year ended 31 March 2025

Note
Income from:
Charitable activities
4
Other trading activities
5
Investments
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total expenditure
Net (expenditure)/income before net (losses)/gains on
investments
Net (losses)/gains on investments
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
1,450,944
7,264
86,165
1,544,373
11,039
1,752,456
1,763,495
(219,122)
(21,311)
(240,433)
1,621,073
(240,433)
1,380,640		 Total
funds
2025
£
1,450,944
7,264
86,165
1,544,373
11,039
1,752,456
1,763,495
(219,122)
(21,311)
(240,433)
1,621,073
(240,433)
1,380,640		 Total
funds
2024
£
1,717,922
8,806
44,782
1,771,510
5,586
1,589,562
1,595,148
176,362
43,910
220,272
1,400,801
220,272
1,621,073

The Consolidated Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 25 to 54 form part of these financial statements.

Page 19

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee) Registered number: 03090774

Consolidated balance sheet

As at 31 March 2025

Note
Fixed assets
Intangible assets
13
Tangible assets
14
Investments
15
Current assets
Debtors
16
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one year
17
Net current liabilities
Total assets less current liabilities
Creditors: amounts falling due after more than
one year
18
Total net assets
Charity funds
Restricted funds
19
Unrestricted funds
19
Total funds		 241,702
112,842
354,544
(1,118,510)		 2025
£
40,166
5,516
2,098,924
2,144,606
(763,966)
1,380,640
-
1,380,640
-
1,380,640
1,380,640		 151,277
781,936
933,213
(1,368,742)		 2024
£
43,272
20,408
2,034,590
2,098,270
(435,529)
1,662,741
(41,668)
1,621,073
-
1,621,073
1,621,073

Page 20

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee) Registered number: 03090774

Consolidated balance sheet (continued) As at 31 March 2025

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 06 November 2025 and signed on their behalf by:

C698DS5ABFE644E8...

Dr Cathy Winfield

Chair of Trustees

The notes on pages 25 to 54 form part of these financial statements.

Page 21

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee) Registered number: 03090774

Charity Statement of financial position As at 31 March 2025

Note
Fixed assets
Intangible assets
13
Tangible assets
14
Investments
15
Current assets
Debtors
16
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one year
17
Net current liabilities
Total assets less current liabilities
Creditors: amounts falling due after more than
one year
18
Total net assets
Charity funds
Restricted funds
19
Unrestricted funds
19
Total funds		 241,751
112,842
354,593
(1,118,510)		 2025
£
40,166
5,516
2,098,926
2,144,608
(763,917)
1,380,691
-
1,380,691
-
1,380,691
1,380,691		 151,420
781,842
933,262
(1,368,742)		 2024
£
43,272
20,408
2,034,592
2,098,272
(435,480)
1,662,792
(41,668)
1,621,124
-
1,621,124
1,621,124

Page 22

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee) Registered number: 03090774

Charity Statement of financial position (continued) As at 31 March 2025

The Charity's net movement in funds for the year was £(240,433) (2024 - £220,272).

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 06 November 2025 and signed on their behalf by:

Dr Cathy Winfield

The notes on pages 25 to 54 form part of these financial statements.

Page 23

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Consolidated statement of cash flows

for the year ended 31 March 2025

Note
Cash flows from operating activities
Net cash used in operating activities
22
Cash flows from investing activities
Dividends and interest from investments
Purchase of tangible fixed assets
Purchase of intangible assets
Proceeds from sale of investments
Purchase of investments
Net cash used in investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
23		 2025
£
(640,358)
86,165
(5,228)
(24,028)
1,287,522
(1,373,167)
(28,736)
(669,094)
781,936
112,842		 2024
£
(165,099)
44,782
(309)
(11,791)
49,420
(2,040,100)
(1,957,998)
(2,123,097)
2,905,033
781,936

The notes on pages 25 to 54 form part of these financial statements

Page 24

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2025

1. General information

The Charity is a company limited by guarantee, incorporated in the United Kingdom and registered in England and Wales. The address of the Charity’s registered office and principal place of business is 1 Lowes Lane Business Park, Lowes Lane, Wellesbourne, CV35 9RB. The principal activity of the Charity is to support health improvement by equipping health care professionals with the education, training, and practical tools they need to enhance clinical practice and patient outcomes.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Education for Health meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The consolidated statement of financial activities (SOFA) and consolidated balance sheet consolidate the financial statements of the Charity and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

The Charity has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own statement of financial activities in these financial statements.

The Charity has also taken advantage of the exemption available under FRS 102 and has not presented a statement of cash flows for the parent.

2.2 Going concern

The Group has prepared detailed forecasts of both income and expenditure and cash on a Group basis. Reserves of the Group currently stand at £1,381k (31 March 2024: £1,621k). Having considered these documents together with risk and reserves policy the Trustees are of the view that the Group is a going concern. The reserves are represented by investment assets of £1,952k (2024 - £2,035k), fixed assets of £47k (2024 - £64k), cash of £260k (2024 - £782k), current assets of £240k (2024 - £151k) and liabilities of £1,118k (2024 - £1,410k).

The Trustees have modelled forecasts that show that the Group can absorb deficits within available working capital and without any material recourse either to the investment portfolio or to external debt. Based on this, the Trustees consider that adequate resources exist to continue in operational existence for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.

Page 25

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2025

2. Accounting policies (continued)

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Course fee income is recognised and included in the SOFA for the financial year in proportion to the total fee by a measure of the course length elapsed and value of services delivered by time and materials.

Investment income

Dividends are credited to the SOFA when receivable.

Interest on cash held is accrued on a daily basis and is credited on this basis to the SOFA.

2.4 Expenditure and Irrecoverable VAT

All resources expended are accounted for on an accruals basis. Costs are classified under headings that aggregate all similar costs and which can then be related to costs of raising funds and charitable activities. Costs of raising funds are primarily investment management fees and other expenses incurred in trading activities that raise funds.

Charitable activities expenditure primarily includes costs associated with educational activity, books and resources and research activity. They include both direct and support costs relating to these activities.

Support costs are those functions that assist the work of the Charity but do not directly undertake charitable activities.

Support costs include central functions and governance costs and have been allocated to activity cost categories on a basis consistent with the use of resources by activities irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

2.5 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the consolidated statement of financial activities upon the completion of the relevant performance-related conditions. Other grants that are not subject to performance-related conditions are credited to the consolidated statement of financial activities as the grant proceeds are received. Grants received prior to the revenue recognition criteria being satisfied are recognised as a liability.

Page 26

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2025

2. Accounting policies (continued)

2.6 Research

Expenditure on research is written off as incurred, other than when there is a defined project with certain income.

2.7 Intangible assets and amortisation

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life.

Development costs

From April 2024 all development costs for existing courses are recognised in the year they were incurred. Development costs for new courses are regarded as intangible assets and amortised over 3 years

Software/Website

Expenditure on software and website development is carried forward to match against expected future benefit. As a result, at 31 March 2025, £12k (2024: £20k) has been carried forward.

The estimated useful lives are as follows:

Development costs - 3 years
Website development - 5 years
Computer software - 3 years

2.8 Tangible fixed assets and depreciation

Tangible fixed assets costing £85 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Page 27

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2025

2. Accounting policies (continued)

2.8 Tangible fixed assets and depreciation (continued)

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following bases:

Short-term leasehold property - Over lease term improvements - Equipment, furniture, fixtures and 5-20 years fittings - Laptops 3 years - Other Computer equipment 5 years

2.9 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the consolidated statement of financial activities.

Investments in subsidiaries are valued at cost less provision for impairment.

Listed investments are included in the accounts at fair value. Gains or losses on revaluation are recognised in the SOFA and credited or debited to the relevant funds.

2.10 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.11 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.12 Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Page 28

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2025

2. Accounting policies (continued)

2.13 Basis of Consolidation

The consolidated financial statements incorporate those of Education for Health and all of its subsidiaries (i.e. entities that the Group controls through its power to govern the financial and operating policies so as to obtain economic benefits). Subsidiaries acquired during the year are consolidated using the purchase method. Their results are incorporated from the date that control passes. All financial statements are made up to 31 March 2025.

All intra-group transactions, balances and unrealised gains on transactions between Group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the Group.

2.14 Financial instruments

The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.15 Donated services

In accordance with the Charities SORP (FRS 102) the general volunteer time of the Trustees and administration volunteers is not recognised.

2.16 Employee benefits

Termination benefits are recognised immediately as an expense in the Consolidated statement of financial activities when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2.17 Operating leases

Rentals paid under operating leases are charged to the consolidated statement of financial activities on a straight-line basis over the lease term.

2.18 Pensions

The Group operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Group to the fund in respect of the year.

Page 29

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2025

2. Accounting policies (continued)

2.19 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

Depreciation and residual values

The Trustees have reviewed the asset lives and associated residual values of all fixed aset classes and have concluded that asset lives and residual valus are appropriate.

Intangible fixed assets

Intangible fixed assets are amortised over their useful lives. The estimated useful lives of the assets are assessed annually.

The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

Development costs

The Charity reviews the carrying amounts of its development assets annually, or more frequently if events or changes in circumstances indicate that the carrying amount may be impaired. The impairment review requires management to make judgements and estimates concerning the future cash flows expected to be generated by the intangible assets, the appropriate discount rates to apply to these cash flows, and the useful lives of the assets.

Page 30

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements

for the year ended 31 March 2025

4. Income from charitable activities

Educational activity
Educational activity		 Unrestricted
funds
2025
£
1,450,944
Unrestricted
funds
2024
£
1,717,922		 Total
funds
2025
£
1,450,944
Total
funds
2024
£
1,717,922

5. Income from other trading activities

Income from non charitable trading activities

Room hire
Room hire		 Unrestricted
funds
2025
£
7,264
Unrestricted
funds
2024
£
8,806		 Total
funds
2025
£
7,264
Total
funds
2024
£
8,806

Page 31

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements

for the year ended 31 March 2025

6. Investment income

Dividends and interest from listed investments
Interest on cash held
Dividends and interest from listed investments
Interest on cash held		 Unrestricted
funds
2025
£
78,165
8,000
86,165
Unrestricted
funds
2024
£
13,337
31,445
44,782		 Total
funds
2025
£
78,165
8,000
86,165
Total
funds
2024
£
13,337
31,445
44,782

Page 32

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements

for the year ended 31 March 2025

7. Expenditure on raising funds

Investment management fee
Investment management fee
Graduation costs		 Unrestricted
funds
2025
£
11,039
Unrestricted
funds
2024
£
4,532
1,054
5,586		 Total
funds
2025
£
11,039
Total
funds
2024
£
4,532
1,054
5,586

Page 33

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements

for the year ended 31 March 2025

8. Analysis of expenditure on charitable activities

Summary by fund type

Educational activity
Advocacy
Educational activity
Advocacy		 Unrestricted
funds
2025
£
1,752,456
-
1,752,456
Unrestricted
funds
2024
£
1,565,102
24,460
1,589,562		 Total
2025
£
1,752,456
-
1,752,456
Total
2024
£
1,565,102
24,460
1,589,562

9. Analysis of expenditure by activities

Educational activity
Advocacy		 Activities
undertaken
directly
2025
£
990,778
-
990,778		 Support
costs
2025
£
761,678
-
761,678		 Total
funds
2025
£
1,752,456
-
1,752,456

Page 34

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements

for the year ended 31 March 2025

9. Analysis of expenditure by activities (continued)

Educational activity
Advocacy		 Activities
undertaken
directly
2024
£
1,115,579
10,545
1,126,124		 Support costs
2024
£
449,523
13,915
463,438		 Total
funds
2024
£
1,565,102
24,460
1,589,562

Analysis of direct costs

Staff costs
Depreciation
Accreditation costs
Course delivery costs
Course development costs
Business development
Associate fees
Other direct costs
Recruitment costs
Travel and accomodation
Professional and consultancy fees		 Educational
activity
2025
£
560,156
13,932
115,559
162,522
20,591
67,600
49,182
248
299
466
223
990,778		 Advocacy
2025
£
-
-
-
-
-
-
-
-
-
-
-
-		 Total
funds
2025
£
560,156
13,932
115,559
162,522
20,591
67,600
49,182
248
299
466
223
990,778

Page 35

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements

for the year ended 31 March 2025

9. Analysis of expenditure by activities (continued)

Analysis of direct costs (continued)

Staff costs
Depreciation
Accreditation costs
Course delivery costs
Course development costs
Business development
Associate fees
Travel and accomodation
Professional and consultancy fees		 Educational
activity
2024
£
660,435
19,008
184,684
161,058
38,146
34,774
17,040
290
144
1,115,579		 Advocacy
2024
£
10,545
-
-
-
-
-
-
-
-
10,545		 Total
funds
2024
£
670,980
19,008
184,684
161,058
38,146
34,774
17,040
290
144
1,126,124

Page 36

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements

for the year ended 31 March 2025

9. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
Depreciation
Staff development
Recruitment costs
Accounting and audit
Travel and accomodation
Professional and consultancy fees
Insurance
IT
Governance costs
Legal fees
Sundry
Premises and operational costs
Rent and service charge
Finance costs		 Educational
activity
2025
£
453,057
32,423
11,635
35,588
18,180
4,156
7,368
7,347
86,006
1,671
11,392
4,601
21,418
57,600
9,236
761,678		 Advocacy
2025
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
funds
2025
£
453,057
32,423
11,635
35,588
18,180
4,156
7,368
7,347
86,006
1,671
11,392
4,601
21,418
57,600
9,236
761,678

Page 37

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements

for the year ended 31 March 2025

9. Analysis of expenditure by activities (continued)

Analysis of support costs (continued)

Staff costs
Depreciation
Staff development
Accounting and audit
Travel and accomodation
Professional and consultancy fees
Insurance
IT
Governance costs
Sundry
Premises and operational costs
Rent and service charge
Finance costs		 Educational
activity
2024
£
182,956
41,800
1,764
18,978
2,640
5,927
6,064
93,994
234
6,464
19,219
57,600
11,883
449,523		 Advocacy
2024
£
13,915
-
-
-
-
-
-
-
-
-
-
-
-
13,915		 Total
funds
2024
£
196,871
41,800
1,764
18,978
2,640
5,927
6,064
93,994
234
6,464
19,219
57,600
11,883
463,438

10. Auditor's remuneration

2025 2024
£ £
Fees payable to the Charity's auditor for the audit of the Charity's annual
accounts 17,800 17,040
Fees payable to the Charity's auditor in respect of:
All non-audit services not included above 1,200 -

Page 38

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements

for the year ended 31 March 2025

11. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension
schemes		 Group
2025
£
884,513
79,933
48,767
1,013,213		 Group
2024
£
752,563
70,911
44,377
867,851		 Charity
2025
£
884,513
79,933
48,767
1,013,213		 Charity
2024
£
752,563
70,911
44,377
867,851

During the year, the Group recognised termination benefits consisting of compensation for loss of employment of £30,000, ex-gratia payments of £24,947 and redundancy costs of £2,100 in respect of employees (2024 - £Nil).

The average number of persons employed by the Charity during the year was as follows:

Educational activity
Advocacy work		 Group
2025
No.
21
1
22		 Group
2024
No.
22
1
23		 Charity
2025
No.
21
1
22		 Charity
2024
No.
22
1
23

Page 39

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2025

11. Staff costs (continued)

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

Group Group
2025 2024
No. No.
In the band £60,001 - £70,000 1 1
In the band £100,001 - £110,000 - 1
In the band £110,001 - £120,000 1 -

Contributions amounting to £24,688 (2024: £11,561) were made to a defined contribution pension scheme for the above employees, in the period.

The key management personnel of the parent Charity and the Group in the year to 31 March 2025 comprises the Chief Executive, Deputy Chief Executive, Director of Learning Design and Quality, Director of Clinical Practice, Director of Partnerships and Director of Finance & Operational Performance. (2024: the Chief Executive, Deputy Chief Executive, Director of Learning Design and Quality and Director of Customer Solutions). The total employee benefits of the key management personnel in the year to 31 March 2025 was £405k (the year to 31 March 2024: £255k).

12. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).

During the year ended 31 March 2025, expenses totalling £1,603 were reimbursed or paid directly to 3 Trustees (2024 - £234 to 1 Trustee). Expenses reimbursed were in relation to personal travel and subsistence expenditure.

Trustee indemnity insurance was purchased by the Group at a cost of £2,240 (2024 - £2,240).

Page 40

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2025

13. Intangible assets

Group and Charity

Cost
At 1 April 2024
Additions
Disposals
At 31 March 2025
Amortisation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Course
development
costs
£
57,851
19,596
-
77,447
34,488
13,932
48,420
29,027
23,363		 Software and
website
development
£
59,645
4,433
(899)
63,178
39,736
12,303
52,039
11,139
19,909		 Total
£
117,496
24,029
(899)
140,625
74,224
26,235
100,459
40,166
43,272

Page 41

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements

for the year ended 31 March 2025

14.
Tangible fixed assets
Group
Cost
At 1 April 2024
Additions
Disposals
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
On disposals
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Fixtures and
fittings
£
193,026
5,228
(54,760)
143,494
172,618
20,120
(54,760)
137,978
5,516
20,408

Page 42

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements

for the year ended 31 March 2025

14.
Tangible fixed assets (continued)
Charity
Cost
At 1 April 2024
Additions
Disposals
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
On disposals
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Fixtures and
fittings
£
187,131
5,228
(54,760)
137,599
166,723
20,120
(54,760)
132,083
5,516
20,408

Page 43

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements

for the year ended 31 March 2025

15. Fixed asset investments

Group
Cost or valuation
At 1 April 2024
Additions
Disposals
Revaluations
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
Charity
Cost or valuation
At 1 April 2024
Additions
Disposals
Revaluations
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Investments
in subsidiary
companies
£
2
-
-
-
2
2
2		 Listed
investments
£
2,034,590
1,373,167
(1,287,522)
(21,311)
2,098,924
2,098,924
2,034,590		 Listed
investments
£
2,034,590
1,373,167
(1,287,522)
(21,311)
2,098,924
2,098,924
2,034,590
Total
£
2,034,592
1,373,167
(1,287,522)
(21,311)
2,098,926
2,098,926
2,034,592

Page 44

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements

for the year ended 31 March 2025

Principal subsidiaries

The following was a subsidiary undertaking of the Charity:

Name Company Registered office Principal Class of Holding Included in
number activity shares consolidation
Education for 03281397 1 Lowes Lane Business Park Lowes Dormant Ordinary 100% Yes
Health Lane, Off Walton Road,
Trading Wellesbourne, Warwickshire,
Limited England, CV35 9RB

The financial results of the subsidiary for the year were:

Name
Education for Health Trading Limited
Debtors
Due within one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income		 Group
2025
£
191,956
-
1,762
47,984
241,702		 Group
2024
£
105,038
-
2
46,237
151,277		 Charity
2025
£
191,956
49
1,762
47,984
241,751		 Net assets
£
(49)
Charity
2024
£
105,038
143
2
46,237
151,420

16. Debtors

Amounts owed by group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

Page 45

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements

for the year ended 31 March 2025

17. Creditors: Amounts falling due within one year

Bank loans
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 April 2024
Resources deferred during the year
Amounts released from previous periods		 Group
2025
£
41,667
66,959
24,805
4,861
980,218
1,118,510
Group
2025
£
1,066,953
691,275
(902,346)
855,882		 Group
2024
£
19,999
73,263
22,051
12,173
1,241,256
1,368,742
Group
2024
£
1,586,196
828,739
(1,347,982)
1,066,953		 Charity
2025
£
41,667
66,959
24,805
4,861
980,218
1,118,510
Charity
2025
£
1,066,953
691,275
(902,346)
855,882		 Charity
2024
£
19,999
73,263
22,051
12,173
1,241,256
1,368,742
Charity
2024
£
1,586,196
828,739
(1,347,982)
1,066,953

A CBIL loan of £100k was taken out on 22 April 2021 and was repaid on 5th June 2025.

18. Creditors: Amounts falling due after more than one year

Group Group Charity Charity
2025 2024 2025 2024
£ £ £ £
Bank loans - 41,668 - 41,668

Page 46

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements

for the year ended 31 March 2025

19.
Statement of funds
Statement of funds - current year
Balance at 1
April 2024
£
Income
£
Unrestricted
funds
Designated
funds
Equipment,
furniture,
fixtures and
fittings fund
20,408
-
Intangible fixed
assets
43,272
-
Operating fund
170,520
-
Strategic
development
fund
150,000
-
Lease dilapidation
commitments
-
-
384,200
-
General funds
General Fund
1,236,924
1,544,373
Trading
subsidiaries
(51)
-
1,236,873
1,544,373
Total
Unrestricted
funds
1,621,073
1,544,373		 Expenditure
£
(20,120)
(26,235)
-
-
-
(46,355)
(1,717,140)
-
(1,717,140)
(1,763,495)		 Transfers
in/out
£
5,228
23,129
480
-
96,000
124,837
(124,837)
-
(124,837)
-		 Gains/
(Losses)
£
-
-
-
-
-
-
(21,311)
-
(21,311)
(21,311)		 Balance at 31
March 2025
£
5,516
40,166
171,000
150,000
96,000
462,682
918,009
(51)
917,958
1,380,640

Page 47

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements

for the year ended 31 March 2025

19. Statement of funds (continued)

Fixed and Intangible Asset Reserves

These reserves represent assets that are not readily convertible to cash.

Strategic Development Fund

This fund supports the charity through its current period of transformation. It is intended to ensure that infrastructure, resources, and products are fully aligned to enable the delivery of our strategic aims over the next three years.

Operating Fund

This represents the amount required to enable students to complete their programmes of study. The reduction in the year reflects the teach-out of our undergraduate programme.

Lease Dilapidation Commitment

This fund covers the expected cost of property dilapidations upon expiry of the lease.

Boehringer Ingelheim grant

This grant was awarded by Boehringer Ingelheim to support specific charitable activities aligned with the funder’s objectives. The funding is restricted to use in designated programmes as agreed with the donor. Expenditure from this fund is monitored to ensure compliance with the grant conditions. No funding has been spent at 31 March 2025.

Page 48

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements

for the year ended 31 March 2025

19. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Equipment, furniture, fixtures and
fittings fund
Intangible fixed assets
Operating fund
Strategic development fund
General funds
General Fund
Trading subsidiaries
Total Unrestricted funds		 Balance at
1 April 2023
£
49,897
65,125
205,000
150,000
470,022
930,830
(51)
930,779
1,400,801		 Income
£
-
-
-
-
-
271,614
-
271,614
271,614		 Expenditure
£
(29,489)
(21,853)
-
-
(51,342)
-
-
-
(51,342)		 Transfers
in/out
£
-
-
(34,480)
-
(34,480)
34,480
-
34,480
-		 Balance at
31 March
2024
£
20,408
43,272
170,520
150,000
384,200
1,236,924
(51)
1,236,873
1,621,073

Page 49

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements

for the year ended 31 March 2025

20. Summary of funds

Summary of funds - current year

Income
£
-
1,544,373
1,544,373
Balance at
1 April 2023
£
470,022
930,779
1,400,801		 Expenditure
£
(46,355)
(1,717,140)
(1,763,495)
Income
£
-
271,614
271,614		 Transfers
in/out
£
124,837
(124,837)
-
Expenditure
£
(51,342)
-
(51,342)		 Gains/
(Losses)
£
-
(21,311)
(21,311)
Transfers
in/out
£
(34,480)
34,480
-		 Balance at 31
March 2025
£
462,682
917,958
1,380,640
Balance at
31 March
2024
£
384,200
1,236,873
1,621,073

Page 50

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements

for the year ended 31 March 2025

21. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Intangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2025
£
5,516
40,166
2,098,924
354,544
(1,118,510)
1,380,640		 Total
funds
2025
£
5,516
40,166
2,098,924
354,544
(1,118,510)
1,380,640

Analysis of net assets between funds - prior year

Tangible fixed assets
Intangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Unrestricted
funds
2024
£
20,408
43,272
2,034,590
933,213
(1,368,742)
(41,668)
1,621,073		 Total
funds
2024
£
20,408
43,272
2,034,590
933,213
(1,368,742)
(41,668)
1,621,073

Page 51

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements

for the year ended 31 March 2025

22. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/expenditure for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Amortisation charges
Gains/(losses) on investments
Dividends, interests and rents from investments
Loss on the disposal of fixed assets
(Increase)/decrease in debtors
Decrease in creditors
Net cash used in operating activities		 Group
2025
£
(240,433)
20,120
26,235
21,311
(86,165)
899
(90,425)
(291,900)
(640,358)		 Group
2024
£
220,272
29,798
33,644
(43,910)
(44,782)
-
213,043
(573,164)
(165,099)

23. Analysis of cash and cash equivalents

Cash in hand
Total cash and cash equivalents		 Group
2025
£
112,842
112,842		 Group
2024
£
781,936
781,936

Page 52

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements

for the year ended 31 March 2025

24. Analysis of changes in net debt

Cash at bank and in hand
Debt due within 1 year
Debt due after 1 year		 At 1 April
2024
£
781,936
(19,999)
(41,668)
720,269		 Cash flows
Other non-
cash changes
£
£
(669,094)
-
20,000
(41,668)
-
41,668
(649,094)
-		 At 31 March
2025
£
112,842
(41,667)
-
71,175

25. Pension commitments

The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £48,767 (2024 - £44,377). Contributions totalling £4,861 (2024 - £6,058) were payable to the fund at the balance sheet date and are included in creditors.

26. Operating lease commitments

At 31 March 2025 the Group and the Charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years		 Group
2025
£
56,909
180,166
-
237,075		 Group
2024
£
56,909
209,075
26,322
292,306		 Charity
2025
£
56,909
180,166
-
237,075		 Charity
2024
£
56,909
209,075
26,322
292,306

27. Members' liability

Linda Edwards (Chief Executive) and all the current Trustees as shown in the Reference and Administrative Details on page 1 are members of the Charity. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity.

Page 53

Docusign Envelope ID: 0A305A8A-6C93-4532-A185-9A62B2F2B73D

Education for Health

(A company limited by guarantee)

Notes to the financial statements

for the year ended 31 March 2025

28. Related party transactions

The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 March 2025.

29. Controlling Party

At 31 March 2025, the Trustees considered there to be no ultimate controlling party.

Page 54