COMPANY REGISTRATION NUMBER: 09544512
CHARITY REGISTrATION NUMBEH: 1163539
The Elmhurst Foundation
Company Limited by Guaranlee
Financial Statements
31 March 2024
Chartered accounlants & slalulory auditor
Midway House
Slaverton Technology Park
Herrick Way, Staverton
Cheltenham, Glos.
GL51 6TQ

The Elmhurst Foundation
Company Limlted by Guarantee
Flnanclal Statements
Year ended 31 March 2024
Page
Trustees, annual report (incorporating the directors, reporti
Independent auditorfs report to the members
statement of financial activities (including income and
expenditure account)
11
statement of financial position
12
statement of cash flows
13
Notes to the financial statements
14

The Elmhurst Foundation
Company Limlted by Guarantee
Trustees. Annual Report Ilncorporatlng the DSre¢tors' Report)
Year ended 31 March 2024
The Iruslees, who ar¢ also the directors for the purposes ol ¢ompany18w. present their retK)118nd th8
rinancial statements ol the charity for the year ended 31 March 2024.
Reference and &dminlstratlv& detalls
Reglstered chadty name
The Elmhursl Foundabon
Charity reglstratlon number
1163539
Company reglstratlon number 09544512
Principal offlee and reglstered Combe Glove
offlcè
Biassknocker M115
Monkton Combe, Balh
BA2 7HS
The trustees
MrDCox
Mr S Waterffield
Miss H Aylward-smllh
Auditor
Harper Sheldon Limilod
ChaTtered Éccountants & statutory auditor
Midway House
Slavorton Technology Park
Herrick Way. Staverton
Choltenharn, Glos.
GLS18TQ
Strueturè, governance and management
The Charily'.q gc>verning document is'memorandum and Articles, which was incorporated OD 15th April
2015. The charity tnaintains accounting re¢ords and reconciles the bank for the Incorporated Charitablè
Company. The Charity Commlssion 8ell-assessment checklist is used on an annual basis lo evaluate
the charity'8 perfoFmance. ThE charity also assesses ils purpose, mission and values against thè Charity
Gommission'&'hallmarks' of 8 good charity. Helen Aylward-smith oversec5 the day-t(Iday managgm8nl
ol the chaiity, no decisions ale dElegaled to non-Iru8tees, bul some admini8lratlon Is.
The charity adopts a policy in respect ol reasonable expenses in relat￿n lo duties c81ried out by the
Trustees and other5 In respect olTr1181affair8. To d8t8 no Trustee expènse5 h8ve been el8imed or pald.
The trustees meet on a regular basi5, Wth minules taken ol the meetings lo record matt81s discussed
and decisions made. An annual financial review meeting is held, whe[8 thè kceounls, annual return and
annual report are dis¢u$5ed. Thè eharily also reas5e55e5 Its purpose and achievements each year at
that rneeling.

The Elmhurst Foundatlon
Company Llmlted by Guarantee
Trustees. Annual Report {Incorporating th8 Dlr8Ctors' Report) fcontlnu8d)
Year ended 31 March 2024
Oblecllves and activitles
The Charlly's governing docurnèni Memorandum and Artic￿8. In¢orporatgd 15th Aprll 2015 sets tho
object5 as belng °lo Ivrther such charity tsi charllles or such charllable purp058s as Ihe trustees shall
from lirne 10 t1me in their absolulo discielion deterrnine., The Trustees delefFnlne lo align th8 objects Ol
th8 ICC with the Elmhufst Foundation Charftabl& Trust charity no 1128479. In March 2017 Ihe
Trusloos of the Elmhu¥sl Foundalion ICC ieceived funds by way ol a grant from the EITnh*Jrst
Fovndalton Charltable Trust, lo purchas8 thè asseis and busSness known As Cornbe Grove Manor
Hote1 in Bath, England. Thls property will en8bl8 both charities to lullil the airn5 Df the Chaitsble Trust
whkh are s18ted..
To provide a range ol apprent*Ca8hips for the local comtnunlty. a chdce ol di8uplines Including
busln8ss subjects. hospitality subjects atKI estate and grounds maTrageiHpnl subjects. Creatlng Ihtsse
appr8ntic8shlps determine$ Ihg ne8d lo draw on the local COMMU￿lty to engage and r8cruil tnentor8
th 9Xtens￿ experlence In thelT chosen fleld, lo mentor appr8nllc8s In Ihelr subjects.
To share bts capacity and learfjlng lor Publ￿ ben81it with Ils eommunlty locally- sp8cINcally nelghbouling
charilles with similar puip05es, lo whDtn thls would b8 helpful.
5trateg1¢ report
Th? lollowing sections lor a¢hiwerneTrls and perfomance th fingnci81 ieview lonr tho strateuEC
rep.¢y1 Df th8 charlty.
Achlevemènts and perlormance
Th8 Elmhurst Foundallon was sel up by Helen Ayfv4ard-Smllh In 2008 with the ¢harllabie objectives OF
advancing kffi)wl8dgg and educatlon ol public h?aSlh and wellbelng, sharing this knowledge gnd its
bengfils with the local community and cr8aling a Tangp DI hlgh-quality apprenticeshlps foi Eocal people.
In March 2017. Tho Elmhurst FoundallDn became thg guardlan ol The Catnb8 Grov8 Estate In Bath,
811owlng il lo begin to re&lise 115 atTrbillon5 and objectn18S.
Promotlng and expondlng knowledge In publlc health and wellbelng
&nGe launching The Re5idenllal mela￿1￿ He2llh Programmes in 2023 Cornbe Grove have
wdcomed ov8r 200 cli8nis to the esta19 to reset thelr tnetabolic health. Th8 l&r51 cohort5 havB now
cornpleted thelr one year supported programme wlth Inltlal results showlng rn8d￿a1IY meanlnglul
chat¥Jes in Thg 10 Markeis of MEtaboll¢ Health, Clients are 8ble lo be memb8rs of Th8 Combè Grove
Communlty loi Lllg ￿th a nurnber ol Indkvlduals chooslng io return to slay with us rnuluple tlmes
throughout the year as as th81r support partnBr in conlinuiTrg to optlmise and mainlain Iheii MetabollG
Hedth.
Two new speclalist Melabcslk Health Progrkmmes, Conqu8Ting Fonxj Addlctlon and Insulin
Optimlsation lor Type 1 Diabetes have b&en introdu¢ed with radlcd hBahh and wellbglng ben8fi1s
exporlenced by part￿1panIs.

The Elmhurst Foundation
Company Llrniled by Guarantee
Trustees. Annual Report (Incorporating the Dlrectors, Report) (contlnuedl
Year ended 31 March 2024
Aehlovements And performance (conllnuvd)
Supportlng th8 local cornmunlty
Combe Grove has ostabllshed a hlghly successful Metabolie Hèalth WètAnar 58rles vvhich supports Iho
community and Dutreach objecilves ol The Elmhursl FOUndat￿n. These ￿luGaLlonal sessions enablg
us lo broad8n our roach and incr8asè awareness ol m9tabolic heatth end related Ilelds.
Locd resklents, memb&rs and palt9nls ol Tho Sulis Hospllal have been alteThSing regular publlc health
8ducation évents hetd at Combe Grov8 in oollgboratlDn wlth Sulls. Consullanl sp8cialisls hav8 shared
their éxpertt88 across a range ol subjects from c&idlovasculai d15èaso lo manopause dongsid8
speakers from Thp Combe GrDve Pract1￿ Team to 8xpand knoW￿dge In these knportant pubuc hegllh
areas.
Apprentlcoshlps
Th8 apprenlice5hp acadetny is developing lo support 90 perpetual apprentI￿Shi￿ in ihr&e years li¥ne.
W8 offer ènriched appreniiceships across tho breadth ol th6 work we do at Combe Gillv8 with
qualmicatlons Irorn Lèv812 to Levd 7.
Dudng thelr tlme al Combe Grove the apprentkes, bengllt from an added three-rnonth perlud ol further
learnlng and hav8 OPPOrtuni1188 foi work 8xperl£nEe wlthin dllfgr&nl s8ttings oiganSsallons lo
broaden Bnd deepen learninu oppoilunllie5. The Eltnhursl Foundatson has slartad to form partftershlps
ilh local GhariliÉs and pywalèly-owned buslnesses who are thouuhHul ol Ihoir contrlbution to the
and ItBpa¢t on thE* 8nvironm8nl, lo help us develop thls purpose.
supporting Ihe Elmhurst Foundatlon, rgsidential and local memb&rs, nelghbours, Irl8nd$ and
volunteers all provKle th8 ln1raslruolu￿ and financial ffleans lo eTr5ure the charitable objectives
conlinyo lo be mel.
Comb8 Grova. The UK'S Flrst Metabollc Health Cgntre
CL)mbo Grove offers a range ol compreh8nsivg M&labolic Heallh Programmas lailor8d for local
residents. vlrtual partlclpanis and ¢llenls who slay al Cotnbe Grove as part ol their louiney lo Re88t
and Restor8 th￿r Metabolic H8allh.
DavdDPgd by kadlng medral, nutritional and movement spg¢iallsts, 8ach progiatnme Is gr￿nded In
The 5 RoDls ol Melaboli¢ HeaithTkl Nutrlllon. Movemenl, Sle&p, Environment and Mltx15et.
The iourn8y lor each ellenl beulns wllh a Ihorough Metabdlc HeAlth Check assesslng 10 Markers ol
Melabolic H8aSth to galn an I￿$￿ah1 into how well their body 15 functionlng. Thls cmcial data informs a
porsonalised consullallon wlth a dedlcaled Metabdic Hpallh Coach. Togelher, the ¢llenl and coach
create a tailored 5 Roots Plan, 5eltlThJ achlevable goals lor susi&ned Improvem&nt across all 19n
melabollc rnarkgrs.

The Elmhursl Foundatlon
Company Limited by Guarantee
Trustees, Annual Report Ilncorporallng Ihe Dlr8Ctors' R8port) IGohllnuEdl
Year ended 31 March 2024
Achlevements and perfornianco [coJJllnu8d)
The Comb8 Giov• Estat8
Th8 Estate's rornarkabl8 88tt1nu In Baih Is c6nir81 to1ts mL8slon ￿4th 70 aeres ol ¥￿Id woodland and
meadDW DV8rloDking th8 Limpley Stok8 Va118y. This selling enables Glients lo benefit Ifom
piogommès which inl&grale Iho resloralivg power of natur8 alongsid8 th8 L4test m8dical r8search.
Our hub lor movement siis wilhin Ihe Coach House, As part ol the Combe Grovg 5 Roots, movgmenl,
at èW8ry c8pabllity and age. Is cared for by a team ol hlghly qualllied coaches and prolessionat trainers
covering an 8Xt8nsiv8 118t ol classe5 and COUFse5, wllh 6qulpmènt chosen lor Ils quauly And Brlllsh
credentyal5.
Our movemenl speclallsts support each cllent lo optlmise Ihelr movement root, guidlno them In their
perEonalised p￿n lo i￿reaS2 movÈment u111￿Ing all our facilit￿8 across thè 8Stat8. This includ88 our
ancient WODLlland, tpnni5 Courts, swimmirKJ pooL8, gym, sayna, steam room and 70 classes a w8ek.
Flnancl81 rfjvlew
These accounts include a full yearts activity al Comb8 Grov8, with a d8ficil 01 £13,02712023.. £589,194
surplus) after all IradlrKJ activities ond donations rocoivod. Tho charity had assets ol £10,455,643
12023.. £10,386,196) and liabilitl8s of £5,141,36212023'. £5,008,888) at th8 balance 8h981 data.
Tru8tees' respon8lbllltl8$ $tatemenl
Th8 trusteg$, who ar8 also directors loi Ihe purpose5 01 cotnpany law, are re5PDn5ible loi preparing
the liuslees, report and the linancial slatom8nts In accordar￿e wth applicable law and United Klwdom
Accounting Standards (Unitéd Kingdom G8n8rally Acc8pl8d Accounbng Pr8Cticel.
Cotnpany law rBquire5 the charlty Iiuslee5 ID ￿pare flnaiiGial 51alemenls for Èach year whlch giva a
true and IAlr vlew ol the state ol affairs ol the charitable company and the Incomlng resources and
applicatk>n of resourc8s. Includlng the In¢ome and eKpeNJilure. lor that period.
In preparing Ihesa financial slatemenls, the Irust88s ale r8qulred to..
S8lecl suilable accountlry polic￿5 and then apply thern wnslstenliy.,
Dbserve the methods and prlnclpl88 In th8 appllcab18 Charfti8s SORP,.
akg judgments and ac￿ll￿tIng estitnale5 that are reasonable and wudenl.,
state wh81h&r appllcabl8 UK Accounting Standards have bBen followed, subleel lo any material
departures disclosed gnd explained In th8 fin8nclal $18t8tnents',
pr8parg th£ Ilnancial statOtRents the going concern basis unle85 it 18 Inappropriate tD presutn&
Ihat the chartywill contlnu6 In buslness.
The Iruslees are responslLle lor kee￿rn9 adequate accountlng records thal arg sulfl¢lent to show and
?xplain Ihe chaiity's IransaCt￿nS and disclos8 wilh raasonab￿ accuracy at any lim8 th8 linaneial
position ol the charily and enable them lo onsurc Ihat Ihe financlal slaletnonts comply Mrilh th&
Companles Act 2006. They are also responsible lor salaguarding the ass81s ol the charily and h8nc8
lor taklNJ reasonÈble steps lor the prevenllon and detection ol fraud and other IrTegularilles.

The Elmhurst Foundation
Company Limited by Guarantee
Trugtees, Annual Report Ilncorporating the Dlreclors. Report) (Conllnued)
Year ended 31 March 2024
Audllor
Each ol the pwsons who is a Iru51Fe at thè date ol approval ol thls report conlirrns Ihat:
so lar as th8y are aware, there Is no relevant audit infDrmalon of whlch th& charills auditor Is
unawara. and
they have tak8n all steps
&levantr4TrJ'
info
ought lo have takèn as 8 Irusiee to make Ihemsefv8s aware ol
nd to establish that the charlttys audllor Is aware of Ihat
tnation
The trust
on14Ja
8. annual r
uary 2025
I lincorpor
gned on b
ing the directors, ieportl and the slratsuic report were approved
hall ol the board of Iru5t88s by..
issH
Tr

The Elmhurst Foundation
Company Llmlted by Guarantae
Independent Auditor's Reporl to Iha Members of The Elmhurst Foundatlon
Year ended 31 March 2024
Oplnlon
We have audi18d th8 flnanclal statements ol The Elmhurst Found81ion Ith8'chartyJ lor the year ended
31 March 2024 whlch compr188 the stalefflEnt DI Ilnanclal a¢livilles Ilncludbng Incom8 and expendlluie
accounll, statement of I￿ancIal PDsilion, statèment ol cash flows and Ihe rolatod note5, including a
summary o15kJnill¢anl accounting polic185. Thè ff nanclal reportlng framgwork Ihal h88 been applied In
Ihe1r preparallon is applkatle law and Uniled Kingdom AG¢ountlng Standards, including FRS 102 Tho
nancial Reportlng Standard appllcablg In the UK and Republ1¢ of Iresand Iunltèd KlngdDm G8n8rally
Acc8Pt8d Accounllng Pradlcel.
In our opinKJn lh8 linancial statemeTrts..
glve a true and fair vi8w ol the slate ol the charlvs allalrs as at 21 March 21Y24 and of Ils
Incomlng resources and applicatlon ul rosources, Including ils Income and 8xpenditure, for thE
year then ended.,
have been proFedy pr8p*ed in accordance with United Kingdom G8n8rally Acc8Pt8d Acc(xJnllng
Pra¢tlce',
have been prepar8d In accord8nc8 wlth the requliements ol the CornpaDies Act 2006.
Basls for oplnlon
Wo conducted our audit in accordance wllh International StaThYards on Audltlng IUKI IISAS IUKII and
applKable law. Our 18sw>nsibilllies under thosè standards aT8 further d8scrib8d In the audltorfs
sponslbllltigs lor thg audll ol the IlnaTrclal 5talemonls se¢llon ol our report. W8 are Indèpendent ol
the charity In accordance With the ethicd reqLurements Ihat ar9 relovant lo our outht of the financl
statetnenls in Ihe UK, including the FRC'S Elhlcal Standard, and we have fulli118d our other elhical
responslblNlies in ac¢ordan¢o with thes8 requiremènls. We be11eve Ihat the audit evldgnce we have
obldwd Is sulllclent and approprlat8 to prO￿de a basks lor Duf D￿nIon.
Concluslons rel8llng to golng concem
In audi15no th8 financial siat8tnenls, we have conclijded Ihal the trusle8S' U88 01 th8 goit¥J concorn
bAsls ol accounllng in Ihe preparallon ol the flnanclal 5talemenls 59 approprfale.
Based on the work we have pertormed, we hav8 not idenllfled any mater￿1 uncertalnlles ielatlro to
gV8nts oi conditions that. individually Dr CDllactnl8ly, may cast significant doubl on thè charills aknlity to
conllwg as a golng concern lor a peiiod ol al least twehfe months from when the flnanclal statements
ar8 authorised for Issu&.
Our responslbllili8s and the r8sponslbilltl8s ol the truslees with respect lo golng CO￿8[￿ descrlbed
In the relevant seclioTr8 01 this report.

The Elmhursl Foundatlon
Company Limited by Guarantee
Independent Audltor's Report to Ihe Pjlernbers of The Elrnhurst Foundatlon
Year ended 31 March 2024
Other Inlormatlon
Thg olhgr Inlormaiion cotnpii5es the informatK)n included in Ihe annual report, other than the lirtancial
slalements aThJ our auditorfs rgpoil theieon. The tiustees are re5PDnglble lor the other information.
Our Dpln1on on Ihe Ilnanclal statements does nol cover the other InlorThalion and, exGepl lo èxlènl
olhefwise explidlly staled In our r8POrt, w8 dD nol 8xpr8S8 any form ol assurance concluslon thereon.
In conneclion with our audlt ol the linanelal stalem9nls, our responsibilty 18 to r8ad lh8 Other
Inlumalion and, in doinu so. consider whelher the other inlormalSon is matorlally inconsislenl with Ihe
Ilnanrlal slalgmenls or our knowledg8 obialned In the audil or olhemise appears to bg trta18ri0lly
mlsstated. 11 we identify such malerfal incon51stenGles or apparent materlal mlsslatamenls, we are
requSr6d lo dglermine wheth8r Ihgr8 Is a material mis51ateTnent Ihe Ilnanckl slat&ments or a
malerfAI mlsstalement ol the other information. 11. based on the work we have pprformed, we conclude
that there is a rndterlal mlsslatement ol this other inlorrnalion. we are requlred lo report that fact.
We have nothing to report in Ihls regard.
Oplnlons on olher mallers preyBrlbed by the Companle5 Act 2006
In our opinion. based on th& Work undertaken in th& cours8 01 the audlt.-
the Inlormallon gfven In the trustees, rfyport for Ihe financlal year lor whlch Ihp Ilnandal
5talemenls are prepared Is consistent with the flnanc181 sta18menls,' and
the Iruslee5' report has bgèn prepared in accDrdanc9 With ap￿ICabl￿ leg￿ r8qulr&ments,
Mallers on whlth we ore requlred lo report by exception
In the Ilaht DI Iho knowledge and und8rslandirKJ of tho charity and ils envlronment obtained in Ihe
course ol the audll, we hav9 not Identifled materlal rn158tatem6nt$ In the trustees, report.
Wa havè nothlng lo report In respecl ol the lollowng matlgrs In rglallon to wNch the Co[npat￿es Act
2006 iequir8s us to r8porl to youll, in our oplnion.,
adequatg accounfjng records have not been kepl, or rgturns ad￿uate for our audll hav8 not bèèn
recew8d froffl branch8$ not vlsited by us., or
the financial statetn8nt5 are rx)I In agreement with the accounting 18cords and returns,, or
csrtaln (JsclDsures ol trustees, remunerallon specllied by law are not rnad8', or
W8 have tM)t recetved all the inlormatK)n and explanations we require for our audit.

The Elmhurst Foundaiion
Company Llmiled by Guarantee
Ind8p8nd@nt Audltor's Raport to the Members ol The Elmhufgl Foundation
(contlnued)
Year ended 31 March 2024
Responslbllltles of trustees
As explalnEd more fully in lh8 Iruslees, r8sponsibiliti8S Statomenl, tho tnJstee$ (who #re ￿50 the
dlrectors lor th? purposes ot company lawl are r88ponslbl8 lor th8 preparatlon ol the Iln8nclal
stalemenls and lor being satislied that they give a Iru8 and fair view, and for such Intern￿ control as
the trustees dèlermlne Is necessary to enable thg preparation ol linan¢ial 8laloments that are liee from
tnalerial rnisstatemenl whether due to fraud or error.
In preparing the financial slalemenls, the irustEes are responsible lor a55P551ng Ihe Gharlly's ablllty lo
¢onllnu& as a going concern. disclosing. 98 gpplicable, rnallers related lo going concEin and uslng the
golng ¢on¢ern basls ol accounlin9 Unl&￿ th8 tru818es 8ilh8r Intend to Ilquldkt8 th8 charity or to cease
operaUons. or havg r¥D rea¥$lic allernatlvg bul lo do so.
Audllor's résponslbllltles for th8 audll of the flnancial stat8m•nt5
Our ublec15ves aré to ablain reasonaN8 assuranc8 about wh8th8r th¢ Ilnanclal statements as a whole
are free from materlal mlsslalgmenl, whethei due lo fraud or error, and to Issu8 an audltor's report that
Includes our opinion. Reasonable assurance is a h￿h level ol a55uiance. bul is not a guaranlee that
an audlt conducled In accordance wilh ISA8 IUKI wlll always det￿1 a Enolerial tnlsslal6ment when It
ex15t5. M15slat&ments can arls8 from fraud or 8rror and ar8 consk18r8d tnalertal if. indlviduaKy or In lh8
aggregate, they could reasonably be èxpocl8d lo influ8nce the 8conomic d8C18ions ol user8 taken ott
the basi5 tr1 these Ilnandal slatemenls,
Irr￿ularl11es, including fraud. 818 instances of non-compllance wlth laws and regulallons. We deslgn
procedur&>s in lino wilh our respon5ibililies, outllned above, to dgloot material misstalemenls in respect
ol Irregularitigs, including fraud. The exlenl to which Dur piocgdures are capable of delectlThJ
irregularilles, including Iraud 1$ d8tai18d below..
Our approach was a5 follows..
We obtalned an und8rstandlng ol Ihe legal and reoulatory requlremenls appl¢able to th& charlly and
Considered the most 8ignificatSt are the Compaftles Act 2006 and UK Financial reporting Standards.
We oblalned an underslandlng of how the cornpany cornpli8s wllh t￿58 regulatlons by discusslons
with management,
W& assessed th8 rL8k ot malerial mlsstatement ol the financi￿ stalernents, including the risk ol
matarlal tnlssslaletnent due to Iraud and how It mlght occur, by holdlng dls¢ussions ￿1h management.
We Inw5red of rnanaugTnent as to any knojyn inslance5 01 norFcompllanc£ or Suspected non-
com￿rance wllh laws and reoulallons.
Based on Ihls underslandlng, wè dèslgned speclfl¢ audlt procedures to Identlly Inslanc&s ol non-
COmFAi8nce with laws ar￿ reguktion5, This Induded makiry enquirias of manag8m8nl and oblaintng
corroborativ& evidence as requlred.

The Elmhurst Foundation
Company Llmlted by Guarantee
Independent Auditor's Rèport to the Mèmbers of The Elmhurst Foundatlon
(CDnllRued)
Year ended 31 March 2024
As part ol an audll In accordance with ISAS IUKI, we 8xarcise prof8ssional judgrn8nt and Thainlain
prolesslonal scepllcism throughout the audit. Wg al￿..
Identify and assess the rlsks of material mlsstatsment ol the financial statgrnenls. whether due lo
fraud or prror, desSgn and perform audit pro￿ureS responsive lo those risks, and obtain audll
evldence that is sullicient and appropriiile lu pruvid¥ d basis Ivr vur tspinlan. Thd risk ol not
d81ecting a Mat￿￿1 misslatement resulting from fraud is h￿her than lor one resulllng from erior,
as fiaud rnay invo￿6 colluslon, lorgory. Intentlonal omlsstons, mlsroprasenlatlons, or the ovorrlde
ol Inlern81 control.
Obtain an und9r¥tandlfig ol Internal control idgvani lo the audit In order to clesign audlt
procedures that are approprlat8 in th8 clrcumstancas, btsi not lor purpriso ol expresslng An
opSnion on thE) elleclivenass ol the intornal control.
Evaluate the appropriateness ol accounting poI￿leS used and Ihe iea50nablene55 ol accounlitvJ
estlmates and related dlsclosur95 mad8 by th8 trustees.
c￿lL]ude on th& appropriat&n&ss ol th8 Irus1888' us8 of the going conc8in basis ol accounting
and, based on Ihg audit ovklonco obtained, whethcr a rnalerial uncertainty exists related lo
events 01 conditions that may cast sloniflcanl doubt on th8 charity's a￿lIty to continue as a going
concern.11 we conclude that a materlal un¢grtainty gxlsts. we are ¥equir8d to draw attgntion in our
audllDr's repo¥t lo IhÈ rèlated disclosures in the financial slalements Dr. if such disclosures are
inadequale, to rnDdily our opinion. Our ¢￿tI￿s1OnS are based on the audil ovidenco oblalned up
to the dale ol our audllor's report. However, lulure events or conditions may cause the charlty lo
C8a88 to Gontlnuè As a golng concorn.
Evalu8le the overall presenlatlun, 5tIUGlure arbd tonlenl ol Ihe financial statements, Includlng the
dlsclosure5, and whether the Ilnanclal statements repre5enl Ihe underlying liansa¢lions and
8V8nts In a mann6r that aehl6ves lair presenlallon.

The Elmhurst Foundation
Company Limited by Guarantee
Independent Audllor's Report to the Members of Tho Elmhursl Foundalion
(GOJJllnuedl
Year ended 31 March 2024
We communicat8 With Ihose charged with governance regarding, 8tnong other tnatte15. the plannEd
scope and timing of the audtt and slgnllkant audlt Ilndings. incknding any slgnillc8nl deficlencles In
internal oontrol Ihal w8 identify during our audlt.
Use of our report
This rgPOrt is made 501ely to the Gharlly's mèmbèrs, as a body, in accordanc8 wllh Chapter 3 01 Part 16
ot the Compani8$ Acl 2006. Our audit work has been undertaken so that W8 rnight st&18 10 thè eharlws
members those rnatters we are requlred to slate lo Ihem in an audilors report and lor no other
purpose. To thé lullgsl 8x18nt P8rtnitt8d by law, we do not accgpt ov assume re8pon8ibilily lo anyone
other Ihan the charily aThl tho charivs tnetnbers as a body. lor our awlll work. lor Ihls report, or lor11
oplnlons we havo lormod.
James Harper IS8nior Stalulory A￿JItOrI
For arKI on behalf ol
Harper Sheldon Limlted
Chartsisd ￿CountantS & statutory a￿li10r
Mldway House
S14verton Technology Pa
H£rrKk Way, SlavgrtDn
Ch8llenhain, Gk)s.
GL51 6TQ
10

The Elmhurst Foundatlon
Company Limited by Guarantee
Statement ol Flnanclal Actlvltles
(includlng Income and expenditure account)
Year ended 31 March 2024
2024
Unrestiict8d
funds Total funds
2023
Total funds
Not8
Income Ènd endovéments
Donallons and legacigs
Olher Iradlng activities
Olher Income
2,100,OOD
1,402,240
2,100,OQO
1,402,240
2.391.277
913,909
1,750
3,306.936
Total income
3,502,240
3,502,240
Expendltur8
Exponditure on ralslng funds..
Costs of other tradlng aGllvltlès
Total èxpendliurè
3,515,267
3,515,267
3.515.267
2,717,742
2,717,742
Nel18xpendiiur•ylneom8 ab)d net movèment In fund$
113.0271
113.0271
589,194
R8conclllatlon of funds
Total IiJrKls broughl forward
Tolal funds carrl8d forward
5.327,308
5.314,281
5,927,308
5,314,281
4,738,114
5.327,308
Th8 5tatEtnent ol 1Sniinclal acllvllies includ85 811 gains and lossss re¢ognlsed In the year,
All irtomè and expendllure derive Irotn contlnulng adthll85.
Tho not¢s on pages 14 to 22 form pgrt of thesg Iln8n¢kl s1oiÈmeni&
11

The Elmhurst Foundation
Company Llmlted by Guarantee
Statement of Financlal Poslllon
31 March 2024
2Q24
2023
NotÈ
Flxed assets
Tangrbl8 fix8d ass&ts
12 10,152,182 10,029,524
Curreni ass￿5
Stocks
Dobtors
Cash 81 bank and In hand
13
14
18,207
103,042
182,212
303,461
9,975
105,826
190,871
306,672
CredltoTs'. amounts tolllng duè wlthln one year
Nel current Ilabllltles
1S 3,341,245
3,037,784
7.114.398
3,070.798
2,764,126
Tolal asse1$ les$ current11obllllie5
7,265,398
Credrtoys.. #mounts lalllng due after more than onè yèar
Net asselg
16
1,8(K>,117
5,814,281
1.938,090
5.327,308
Funds of the chttrlty
Unre51Iltled funds
5,314,281
18 5,314,281
5,327,308
5.327,308
Total o
Thesè lin
January 2
ial stal
and al
ents
slgned
approvtxl by the board Df trustee5 and aulho¥lsed for Issue on 14
behdf ol the board by..
Aylward.
The noles paues 14 to 22 fomi part ol these 1Snanelal 51gtemgnls.
12

The Elmhursl Foundation
Company Llmited by Guarantee
statement ol Cash Flows
Year ended 31 March 2024
2024
2022
Cosh Ilows from operatlng actlvltles
Net18XP8ndlturelllncome
113,0271
589,194
Adjustn￿nIS lor
Depreciation ol tangible fixed assets
Aeorued expenses
327,754
73.128
282,788
53.257
GhangES In..
Slo¢ks
Trad8 and Dlh8r deblo
Trade and other cr8dltors
18.2821
2,784
117,338
499,745
499,745
3.583
18,0401
105,987
1,026,769
1,026,769
Cash generated from operallons
Nèt cash from op8rating actIV￿e$
Cash Ilows fiom Investlng 2cilvliies
Purchase ol tangible as5els
Net cash used in invesllng adwi1Tr8s
1450,4121 (772,0761
1450,4121 1772,0761
Cash Ilows from tlnanelng acllvltleg
PrDceyd5 from borrowings
Payments ol finance loase Ilablllles
N81 cash used IR flnanGlng a¢livili88
130,0241 1131,4721
127,9881
12,502
157,9921 1118.97CY)
Net IdecreaseWTncrea80 In cash and cash equlval8nts
Cash and cBsh equlvalents at beg5nnlng of year
Cash and cd9h equlvalenls al end of yo8r
18.6591
190,B71
135,723
55,148
182,212
190,871
The notes page8 14 lo 22 lorm p¥rt ol Iht$e flnanclal statam8nt8.
13

The Elmhurst Foundalion
Company Llmlted by Guarantee
Not8S to th8 Flnancial Statements
Year ended 31 March 2024
Ganaral Information
The charity is a public benellt entlty and a private company Ilmlted by guarantee. ￿gIstered In
England and Wales and a registered chaiily In Englond and Wales. The address ol the reg15tered
officè Is 37 St. GoDrges Road, Chèllenham, Glouoeslgrshir&. GL50 3DU.
statemenl of compliance
Thèse Ilnanclal slat&m8nls have been prepared in cornpllancp with FRS 102, 'Tho Flnancial
Reportlng Slandard applICab￿ In Ihe UK and thè Republic ol Ireland,, th8 Stat8m$nt ol
R8commended Prac11¢8 ap￿Icable to Gharllles pr8paring their accounts in accorda[￿0 wilh Ihe
Fin8nclal Reportlng Standard appllcable In the UK and RepU￿[C ol Ireland IFFIS 1021 (Charities
SORP IFRS 10211 and the Compan16s Act 2006.
Accounting pollcles
asls ot preparntlon
The financial slatements have baen prepared on the historical cost basi5. as modified by the
revaluation ol cèrtain ltiiancsal assets and liAbllllies and nv88trnent properties rngasured al fair
value through Income or expenditure.
Ilnanclal 8tat8m8nt5 8r8 prepared In slert￿g, whlch Is the luKllonal CUrr￿Y ol th8 entity.
Goly)g concern
The charlly continu8$ lo rely on the donatlons rec￿￿ed from MS H Aylward Smlih. Ms H A￿ward
Smith has indicat￿￿ her willlngness to continue lo support the charity loi Ihe foreseeabl8 luture,
that belng a period ol not le55 Ihan 12 months from the date ol signino thg financial statempnts.
Judgements and key sources ol e311maiion uneortalnty
The preparafjon ol financial statements requires rnanagetnenl lo tnake ludgements,
egllmatos and assumptions that affacl atnounts reported. Th8s8 881imat95 and ludqgmenls
are ¢onllnually revlewed and are based on experlence and other factors, indudlng expeotatSons ol
future evonls thal 8r8 b811eved to be r8&wnat￿2 undei the cirGumstarK8S.
Fund accounllng
Unréstricted funds are availab18 lor usè al th& di5crÈlion ol thè trust88$ lo further any of lh8
charily's purposes.
DeskJnated funds are unrestricted funds earrnarked by Ihe trustees IOT partiwlar futL*re prcjeBt or
CDmmllmont.
R8slricled funds arè subl8ct8d lo restrbllons on their exFEndlture declared by Ihe donor or
through ihg terms ol an appe￿, and fa51 Into one ol Iwo 8ub-clgs5es: re5tr1Gted Income funds or
ondowm8nt ftlnds.
14

The Elmhurst Foundation
Company Lirnited by Guarantee
Notes to the Flnanclal Statemènts {¢OnIthL￿l)
Year ended 31 March 2024
Accountlng pollcles l¢ontlnty•d)
Incomlng rasources
All Incoming resources are Includ￿ in thè statement ol Ilnancial actlvlllès when entlllgment has
passed lo th8 ¢harily', il is probable Ibat th8 economlc benefits a8socialed wlh Ihe Iransaclioll will
flow lo Iha charity and the amount can be iellably measured. The lollowing speciliG pulicios are
appliEd to particular cat8goiles ol Incom8',
Ineome from dDnalion5 or grants Is r8cogni8ed when there Is evidenc8 Ot entltl&menl lo the
glll. receipt is probabb and Its amount can be rn8asured reliabty.
legacy IncDme is r8cognl$Éd when rgc8¥)I Is probable and enlitl&menl is establlshed.
Income from donated goods Is measured al the lair value ol the goods unless thLs is
impracllcel lo measure reliably, In which cas8 tho value is derived from the cost lo Ihe donor
or the eslimaled resal8 value. Donated facilities and g6rvlces are r￿QgntS8d the accounts
when le￿1¥ed 11 the valu8 can bè reliabty tn8asured. No amounts are Ir¢luded lor Ihe
conirlbulic￿ ol gen&ral volunteers.
inCOm8 from contracts loi thè suppty ol swvic8s is récognlsed with th8 delivery ol the
conlracted s&rvic8. This is classllied as unro8lricted funds un16SS there 18 a contraelual
requliernpnt-loi Il"lu be sp&nt on & partlcular purpose and reluined11 unspent, in which c85e
il may b8 regarded as re8lrict8d.
Flesoureès axpended
EX[￿nditUre is recoonised on an accruals basis as a liability is incurred. Expandilur8 includBs any
VAT whlch cannol be lylly recovereis, and Is class1118tl under headlnos ol the statement ol
Ilnancigl aclNI(lès lo whlch it r81ate5'.
expenditure Dn raising fund8 Includes the ¢0$ts ol all fundralslrKJ aclivitlgs, 8V8nls. ￿n-
Charl18b￿ trading aclivllios, and Iha sale ol dona19d goods.
8xpendllure on charitabl8 activltles Inckndès all costs Incurrod by a charity in undertaklng
activities Ihal lurthw its charitable alms lor tho benefit of Its beneflclarSes. irKluding those
support costs and costs ralating lo the governance ol the chailly apportioned to charitable
actlvitlgs.
olhor eX￿ndIture includes all &xpenthlure that is naithèr r&lalEd to raising funds for the
charfty nor part ol Its expendllure on ehaiilable aotlvillas.
All costs ale allocaled to expeTrdlluro ¢ategori8s rellectlng the use of th8 resource. Dlred costs
attribulable lo a 8loolB activity are allo¢aled dirocity to thai actlvity. Shared costs are appDrtb)nÈd
beiween Ihg aCt1￿lIes th8y conlrlbut8 lo on a re8sonatAB, lustlllable and con518t8ni basLs.
Tanglble assets
Tanglble assets are Inltlally recorded at CD5t, and subs8quenlty staled al cost less any
ae¢umulated depF8clatlon and ifflpairrnpnl 1055e5. Any langib18 assets carried at rovalu8d
amounts are recorded al the fair va￿e at Ihe date ol r&valuation less any subsequgnt
accumulated d8precialion arKI subsÈquenl aC￿mUlated impairment Ioss85.
15

The Elmhurst Foundalion
Company Limited by Guaranlee
Notes to the Financial Statements
Year ended 31 March 2024
Accountlng pollclos {contInu￿}
Tanglble a8$8tS Icontlnued)
An increase In th8 carrying amount DI an ass8t 88 a result ol a revaluation, Is r￿QgnISed In Dther
recognlsed oains and losse5, unless11 reverses a charge loi Impalrment Ihat has previously been
iecognlsÉd as axp&nditur8 wllhln tha slalemenl ol financial acllvllles. A dgcrease in tha carrying
amDunl ol an assgt as a r8suII ol revaluatk)n. is recognised in other reoognised gains and k)s88S.
8xcept 10 wh5ch It ollsals any pievlous revthatlon gain. in which case the loss Is shown wlhin
oth8r recognlsed gaSns and Sosses on the statement ol flnancial activlilos.
Dspr•elatlon
Deprèclatlon Is cakulated so a5 lo wilte ofl the oost or valuatlon of an asset, less Its residuel
value, over the useful econom￿ Ille ol Ihat asset as follows..
Freehold propEriy
Motor vehrcl68
F5xlures, flttlngs a￿1 Equlpmenl
2% stralghl line
25% gtraight Ilnè
IO°k- 25% 51ralght1Sne
ImpalTmarti ol flxed assets
A r8vi8w lor In(Ileatois ol IMpa￿[￿ent is cafrled out al gach repodlro date, wtth the rRcDv8rablo
amount b8inu esiimaled where such indicator5 exlst. Wher8 tha carrwTU value exceeds Ihe
rgcovoiable atnounl, the assgt is impalred accordingly. PIK)r Impairments ar8 dso reviewed lor
possib18 reversal al Each rEwrting dat8.
For Ihe purposes ol itnPgirThent le5tlng, when it is not posslbls to estimale th8 reeoverablo
a￿Ount ol an lThIl￿d￿aL assèt, an estlmate Is made ol the recoverable amount ol th8 cash-
generating unll to which th8 asset belongs. The ¢ash-gen8rating unit is thp smallèsl identiliable
group ol as9ets that includos the asset and generates ¢ash inlk)ws that largely independenl ol the
cash Inflows Irom olher ass@ts or group5 01 assets.
For ffrpaitncnl tesllng ol goodwill, th8 oi)odwlll acquired in a buslness combination Is, from thè
acqu￿1*0￿ da18, alk>cated to each of lh8 ea8h-g8n8ratlng *Jnits that are exp8cled to b8n8fit Irom
the synergies ol Ihg cctnblnatlon, Irr9specllve of wh81h6r other assets or Ilabllilio8 ol Ihe charlty
are assigned to th088 units.
stocks
Stocks ar8 rneasu￿d at the lower of cost and 8811m8ted sèlllno price188s ￿sts lo cotnplele and
sell, Cost includ85 all costs ol purchase, costs Df converslon and other wsts incurred In bringlng
the stock lo Ils present 5ocatlon and conditlon.
Flnance leases and h1￿ purchasè contracts
As881s h81d under Ilnance 18as8s and hlre purohaso contracts ar8 Tecognlsed In Ihe slalement ol
Ilnan¢lal posltlon 8$ assels and Ilablliiles al the lowgr of tho lalr value of tho assets and the
pr8$8nt vatue ol Ihs minimum k8sa paytnents, which is detertnined 81 the inceptlon ol the lèase
lgrrn. Any inilial direel cosls DI Ihe18a88 ars added lo Ihe amount r8cognlsed as an asset.
16

The Elmhurst Foundation
Company Limited by Guarantee
Notes to the Financial Statements (conlthueLIJ
Year ended 31 March 2024
Accountlng pollclas IconlhJ((edl
Flnance leese$ and hlre purchèse conlracts (¢onfinuod)
Lease paym8n18 ar8 apy)Ilioned bètween tha linane8 charo88 arKJ reducllon ol the outstandi
lease Ilablllty usinG the effeclive inlerE51 wnetliod. Finance charg8s are allocated lo each period so
as to woducè a constant Tat8 of Interesl on ihe rgmainlno balanc8 01 the liatAlity.
Flnenclal Instrumen1$
A Ilnanthal asset ov a financial liabiliiy is recognised only when lh8 charity b800mes a party to the
conlraclual provlslons of th8 Instrument.
Bask flnancLql Instrumen18 are Inllialty recognl88d al the amount recelvabl8 or payable Ineludlng
aoy rela18d ITansa¢tlon Costs.
Currenl assels and cu¥ienl Ilab1111ies are subsequently rnèa$ured at the cash or other
consldeialion expeeled to be paid or re¢elved and nDt discounted.
Debt Instrr*ments are subsegU8nlly rneasured at amortlsed Cost.
Wher8 investments In shares are publ￿lY traded Dr ihthr falr value can otherwise b8 rn8a8urad
reliably, th8 investment 15 subsequently measured at falr value wlth changes in lair value
rècogni88d in incomè and gxpendituro, All olbei such investtTrents aro subsequenlly m￿SUred al
cosl less lrnpairmenl.
othèr Ilnancia5 Instruments, incFudlng der￿￿tIVes, are Inlllally r￿ognISed al lak value, unlBsG
P8yrnenl lor an ass￿ is delerr8d b8yond normal Ix15ings5 lerms or linanced at a r£lo ol Interest
that is not a market late, in wh￿h case the a55et15 fflea5urBd al Ihe present valu8 of the luture
payments discounled al a mwket rate of Inter851 lor a slmilar dèbt Insliumant.
Other financial Instrurnents arfj 5ubsequ9nUy measur8d at lair value, with any Changes
re¢ognls8d In th8 8latemtsnt ol Ilnanclal actwilles, wllh the 8xc8pllon of hedglng Inslwmenls In a
desl9naled he(*ing relatlonshlp,
FinanciÈl assets that are measured at cost or atnortlsed ¢osl are reviewed lor objectlve Èvidence
Df impairtnent at the &nd ol each reporting date. 11 there Is oblecllva evide￿6 of irnpairrneni. an
ImpaiTffl8nt 1085 Is recognlsed und8r the appropr￿le headFllg In the st2tern8nl of fina￿181
aeliwtie5 in Vlhich Ihg1nltlal galn was recogni88d.
For all 8qUity instrutrtonts regardless ol slgnlllcanc8, and oth8r Ilnanelal assals that are
IndI￿d￿AllY slgnificant, these are assessed IrKlivldually for irnp8lrment. Olher Ilnanclal assels are
either i￿5¥Ssed indivKtually or giouped on the basis ol simiLgr credit risk characler15tlc5.
Any reversals ol impairmgnl are iecognis8d Itntn8dlat&ly, to the exlenl that the r8V8rsal does not
result In a carrylno amount ol Ihg Ilnancial asset that exceeds what the carryinu amount woukl
havo been had the Impairmenl not previousty been QCDgn15Ed.
Llmlted by guarantee
Evèry member has guarant£ed the contrlbullons ol an arnovth, nol 8XC88dlng £1 per member, lo
the companvs assets In tho event that company should bg wound up.
17

The Elmhurst Foundation
Company Limlted by Guarantee
Notes to the Financial Statements (conllnuedl
Year ended 31 March 2024
Donallons and legacles
UnT88trict8d Total Funds Unrgslricted Tolal Funds
Funds
2024
Funds
2023
Donallon$
Dtsnatlons
2,1 CiO,000
2,100,000
2,391,277
2.391.277
othtrr trAdlng ttcllvltlts
Unr88trlcted Total Funds Unre8trlcted Total Funds
Fund5
2024
Funds
2028
Oth8r Incom8 from olh8r Iradlng
aCti￿t￿S
1,402,240
1,402240
913,909
913,gOY
Other Income
Unrgslrictgd Total Funds Unre51ilcted Total Funds
Funds
2024
Funds
2Q
Grants receiv￿￿
1,750
1,7
Costs of other tradlng actlvllles
Unrestrlcted Totsl Fund? unrestr1e1￿ Total Funds
Funds
2024
Funds
2023
CD515 01 olhei Iradlng actlvltbs-
Opeialing tmdltlg company
3,515,267
3,515,267
2,717,742
2,717,742
N8118XP8ndiiurelllncom8
Net lexpendiluoyincome 15 slated alter chargingllcrethlingl..
202
2023
Depr8clalon of tanglblè flx8d as881s
327,754
282,788
10. Slaff ¢osts
The total staH costs and ern￿oyee b8ng1115 lor the reporting p8rbd are analysed as Idlows,,
2024
2023
Waoes and salaries
Other employee benellts
1,547,181
47,677
1,594,858
1,188,324
21,840
1,210.164
18

The Elmhurst Foundation
Company Limited by Guarantee
Not8S to Ihe Flnanclal Sla18mentS (rohllnUEdl
Year ended 31 March 2024
10. Slafl costs Iccnllnuedj
The averags head count ol employees during th8 y8ar was 5712023: 511. Th6 av&rago number
of lull-titne eq￿valent employees durlng Ihe year Is analysad as foSlows'.
2024
No.
2023
Nutnbér of staft- clionl lacing
Number ol staff - administrailon
Number ol staff - rnanag8rn8nt
37
10
10
31
57
51
No &tt¥ployee reGelv£d employee L￿Deli1$ of rnorg than £eo,000 during the year12023.' Nill.
11. TrusteB remuneratlon and e¥pen8es
No IruslÉÉ rece￿0d any rernungra(ioR or any other benefits from employmeni ￿th the charity or
a rBEated enllly.
12. Tanglble Ilxed asset$
Freèhold
property
Motov
vehlcles
Equ￿Ment
Total
C081
At 1 Aprll 2023
AddltlDns
1 D,007.392
389,260
41,835
12,221
54,056
1.099,967 11,149,194
48,931
450,412
1,148,898 11,599,606
At 31 March 2024
10,396,652
Depreclatlon
At 1 April 2023
Gh&rge lor the year
AI 31 MAreh 2024
410,144
192,411
602.555
8,264
11,805
701.262
123,536
1,119,670
827,754
20,069
824,800
1,447,424
Carrylng amount
At 31 Mafch 2024
9,794,097
9,597.248
33.987
224,098 1 D,152.182
398,70S 10,029,524
At 31 March 2023
33,571
13. Stocks
2024
2023
Flnlshed goods and goods lor yesale
18,207
9,975
19

The Elmhurst Foundatlon
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
14. Debtors
2024
2023
Trade deblors
Prepaym9nls and accrued incorne
Other debtors
3.445
79,727
22,654
93.235
9,807
103,042
105.826
15. Credltors.. amounts falllng due withln onè year
2024
2023
Bank loan8 and overdrafts
Trade ereditors
Amounts owed lo undert8king5 In which thè charily hBs a
partlclpating intèrest
Accruals and d9foired incotne
Soclal s8curity and other taxes
Obligations under finance leases aNI hire putch858 conlr8ct5
Other creditOlS
Othèr credilors
274,928
208,380
321,500
240,144
2,344.000
215,971
87,552
10,193
88,553
111,868
2.204,(K)O
142,843
36.687
23,640
25,015
76,969
3,341,245
3,07CI,798
The bank loans ar¢ secured Dn the assets ol the Charity. known as Combe Grove, Brassknocker
Hlll, Monkton Combe, Bath. BA2 7HS.
16. Creditor8.' amounts falllng due after more than one year
2024
2023
Bank 5oans and ov8rdraft8
Obligation8 under finance leases and hire purchase contracts
1.786,453
13,664
1,800,117
1.9CQ.905
28,185
1,938.090
The bank loans are secured on the assets ol the Charity, krnwn as Combe Grove, Brassknocker
Hill, Monkton Combe, Balh,BA2 714S,
20

The Elmhurst Foundatlon
Company Llmlted by Guarantee
Notes to the Flnanclal Slatemenls (Gollllnu8411
YeAr ended 31 March 2024
17. Flnance leases and hlro purchBso contracts
Th8 lolal lulur8 minimum lÈaÈe paymanls uThler Ilnanctr leasB5 and hire purchasB conlracls ar8
a5 follows,,
2024
2022
Not IBler than 1 year
Later than 1 year and nol later than S ye8rs
10,193
13,664
22,857
23,640
28.185
51.825
18. Analysls of charllable lunds
Unrestrlcted funds
At
31 March 202
Al
1 Ap￿1 2023
IncoJne Expendituie
General funds
5,327,308
3.5D2,240 13.515,267) 5,314,281
Al
31 March 202
At
1 April 2022
Incom8 Expendllure
General funds
4,738,114
3.306,936 12,717,742) 5,327,308
19. Analysls of net assets betwotsn lunds
Unrestrlded Total Funds
Funds
2024
Tangible fixed assets
Current assè18
Cr8ditors18Ss than 1 yèar
Creditors gr8al8r Ihan l y8ar
N8t a88918
10,152,182 10,152,182
303,461
303,461
{3,3¢1,2451 13,341,245)
11.800.117) 11,800,117)
5.314,281
5,314,281
Unr&sirlci8d Total Funds
Funds
2023
Tangiblé Ilx£d assgls
Cuiienl assels
Creditors less than 1 year
Creditors greater than l yèar
Ngt assets
10.029,524 10,029,524
306,672
306,872
13.070,7981 13,070,798)
11,938,090) 11,938,090)
5,327,308
5,327,308
21

The Elmhurst Foundation
Company Limited by Guarantee
Notes to the Financial Statgments (wnllntsvdj
Year ended 31 March 2024
20. F4nan¢ial instrumèrht$
Th8 carrying amount foi Èach category ol Ilnanclal Instrument is as lollow8'.
2024
2023
Loan commltm8nts measured at cost less Impalrment
Loan eommltments measurgd at cost18S8 lrnpalrffl8ni
2,085,238
2,283,229
21. Ankly$ls ol changes In net debt
At
At 1 Apr 2Q23 Cash 11ow8 31 Mar 2024
Gash at bank and In hand
D&bt due within on8 yettr
Dgbl due aft8r on8 y8ar
190,871
12,549,140)
11,938.0901
14296.3591
18,6591
182,212
179.9811 12,629,121)
137,973 11,800,117)
49,333 14.247,0261
22