COMPANY REGISTRATION NUMBER: 09544512
CHARITY REGISTRATION NUMBER: 1163539
The Elmhurst Foundation
Company Limited by Guarantee
Financial Statements
31 March 2025
HARPER SHELDON LIMITED
Chartered accounlants & slatutory auditor
Midway House
staverton Technology Park
Herrick Way, Slaverton
Cheltenham, Glos.
GL516TQ

The Elmhurst Foundatlon
Company Llmited by Guarantoe
Flnancial Statements
Year ended 31 March 2025
Page
Trustees, annual report {incorporating the directors. report)
Independent auditor's report to the members
Statement of financial activities (including income and
expendilure account)
Slatement of financial position
11
12
statement of cash flows
13
Notes to the financial statemenls
14
The following pages do not form part of the financial statements
Detailed statement of financial activities
24
Notes to the detailed statement of financial activilies
25

The Elmhurst Foundation
Company Llmited by Guarantee
Trustees, Annual Report (Incorporating the Dlrector5' Report)
Year ended 31 March 2025
The trustees, who are also the directors lor the purposes of company law, present their réport and the
flnancial statements of the charlty for the year ended 31 March 2025.
Reference and admlnlstrative details
Reglst•red charity name
Charlty registratlon number
Company registration numbèr 09544512
Principal office and reglstgred Combg Grove
office
Brassknockèr Hill
Monkton Combe
Bath
BA2 7HS
England
The Elmhurst Foundation
1163539
The trustee5
MrDCox
Mr S WalorfS6ld
Miss H AylwaTd-Smith
(Resigned 14 Janu8ry20251
Auditor
Harper Sheldon Limited
Chartered a¢¢ounlanls & stalulory auditor
Midway House
staverton Technology Park
Herrick Way, Slaverton
Cheltenham. Glos.
GL516TQ
structure, govèrnance and managemènt
The Charity's governing docum8nt is 'Memorandum and Artides. whleh was incorporated on 15th April
2015. The charity maintsins accounling records and reconciles the bank for the Incorporated
Charitable Company. The Charity Comrnissic)n self-85sessment checklist is used on an annual basis
to evaluate the chariws perfomanee. The Charity also assesses its purpos8, mission and values
against the Charily Commlsslon's 'hallmarks' of a gwd charity. Helen Aylward-smllh overseos the
day-lo-day man8g¢menl of th& charity, no deosions are delegated to non-lruslees, bul som8
administration is.
The ch8rlty adopts a policy in respect of reasonabla expenses In relation to dulles carrled out by the
Trustees and others In respect ol Trust affairs. To date no Trustee expenses have b99n claimed or
paSd. The trustees meet on a regular basis, wilh minutes taken of the meetings to record mallers
discussed and decisions made. An annual financial review meetin9 is held. where the accounts,
annual return and annugl report ar8 discussed. The Gharity also reassesses its purp058 and
achievements each year al that meeting.

The Elmhurst Foundation
Company Llmlted by Guarantee
Trustees, Annual Report (Incorporating the Directors. Report) (Gonllnuedj
Year ended 31 March 2025
Objectlves and octlvltles
The Charity's governlng document Memtsrandum and Articles, ineorpDraled 15th April 2015 sets the
objects as being "lo further such Charity or charities or such charitablè purposes as the truslegs shall
from lime to lime in their absolute discrelion determine.. The Trustees determine to align the objects
of the ICC wlth the Elmhurst Foundatlon Charitable Trust charity no 1126479. Ill MaTch 2017 thé
Trustees of th8 Elmhuist Foundation ICC received funds by way ol a grant from the Elmhurst
Foundation Charitable Trust, to purchase th6 assets and business known as Comb8 Grove ManoT
Hotel in Bath. England. This property will enable both charities lo fulfil th8 aims of the Charitable Trusl
which are sta19d'.
To provide a range of apprenticeships lor Ihe Ioc81 community. in a choice of discipllnes including
business subjects, hogpitalily subjects and estate and grounds management subjpels. Creating these
appTenliceships del8ltnines the need lo draw on the local community lo engage and recruit mentors
with extènsive oxperience in thelr ¢hosen field. lo mentor apprentices in thelr subjects.
To share its capacSty and laarning lor public benefit with Its communlty locally.. Specif￿allY
neighbourlng charliies with similar purposes, to whorn thls would be helpful.
strateglc report
The folk)wing secllons for aehievements and perfomance and ffinancial review form the strateg1¢
report of the charity.
Achlevements and perfomance
The Elmhursl Foundation WBS Sel up by Helèn Aylward-smith in 2008 with the ¢harilab18 objedives of
advancing knowledge and education of publ1¢ health and wellbeing, sharing this knowledge and its
benefits with the local community and creating a range of high-qu81ity apprenticeship5 for I￿￿7 people.
In March 2017, The Elmhurst Foundation became the guardian of The Combe Grove Estale in B81h.
allowlng il to begin lo rèalise ils ambitions and objectives.
Pramoling and expandlng knowledge In publlc health and wèllbelng
Since Inlroducjng The Mot8bolic Health Programmes in February 2023 Comb8 Grove has welcomed
over 700 new clienls to the Estate lo learn abokjl Iheif metabolism and the 10 Markers of Metabolic
HealthTM Aft8r their
initial slay clients and local members are encouraged to return often to
Combe Gmve so as lo lop up their knowledge and commlttnenl lo improvin9 and to maintaining Ihelr
m&labolic
health.
A rango of Metabolic Programrnes are offered ranging from 1 d8y, 4 days and up lo 6 days with
ultiple add on optlons lo lallor and enhanc8 each dients slay.

The Elmhurst Foundation
Company Limited by Guarantee
Trustees. Annual Report {In¢orporating the Directors, Report) (conllNJupd)
Year ended 31 March 2025
Achlevements and performance (¢onllnued)
Supportlng thè local community
Combe GTove has set up a series of publlc Metabolic Health Webinars, which have been very well
received and very well attended. Furthef Ireg of chargé distribution is being explored. thls seri95 of
talks is one of the ways in which Combe Grove supports the communily and ouli8ach.
Local residents, member5 al CoJnbe GTOVO and invited guests from our lotal hospital have been
attending regular PLJblic health educatlon events held al Combe Grove in 00118boralion wlth our local
h05pilal. Gonsultants have shared their expertis@ across 8 range of subjects from cardiovascular
dlsease lo menopause alongside speakers from The Combe Grov8 PTactice Team lo expand
knO￿edge in these important publlc health areas.
Apprenti¢e5hlps
The apprenticeship academy developing lo ullimalely support 90 pgrpetual apprenticeshlps. We
offer enriched apprenticeships across th8 breadth of the work w8 do at Comb8 Grov8 Wlth
epprenli¢eships from Level 2 tr) Level 7.
Ouring their tsm8 al Combe Grove the apprentlcès, benfyfit from 8n added three-monlh period of further
learning and h8ve opportynSties for work exp8rience within different settings and organisalions to
broaden and deepen18arning opportunities. The ElmhuTsI Foundation has started to form partnershlps
wlth local charities and privalely-owned businesS8s who are thoughtful of Ihelr conlribullon lo the
community and Impact on the gnvironment, to help u5 develop Ihls purpose.
By supporting the Elmhursl Foundation, residential and lof*l mernbers. neighbours, friends and
volunleers 811 provide the infrastructure and financlal means to ensure the charitable objectives
continue to be met.
Combe Grove-The UK'S Flrst M•tabolic Haalth Centre
Combe Grove Offers a range of comprehensive Melabollc Health ProgTammes tailored for local
resldents, vlrtual partiGlpanls and dients who slay at Comba Grove as part of their jourlltsy lo Reset
and Restore their Melabollc H88llh.Developed by leading medical, nutritional and movement
specialS8ts, each progr8mrne Ss grounded in The 5 Roots of Metabolic H8allhTM Nutrition, Movement,
S19ép, Environment and MindseL
The loum$y lor each client begins wrylh a thorough Metabolic Health Check assessing 10 Markers of
M8tabolic Health lo gain an insight into how well Ih8ir body 18 functioning. This cruciBI dat8 informs a
personalised consultation with a dèdicated Metabolic Health Coach. Together. the cllenl and coach
create a tailored 5 Roots Flan. settbng achievable goals for sustained improvemenl acmss all 10
Metabolic Markers-

The Elmhurst Foundation
Company Limlted by Guarantee
Trustees, Annual Report (Incorporating the Directors. Report) (wntlftvedl
Year ended 31 March 2025
Achiev8ments and performance l¢tsntlnuedl
The Combe Grove Estats
The Esiate's remarkable setting in Bath is central to its mission with 70 acres of wild woodland and
meadow overlooking thè Limpley Stoke Valley. Thls setting enablos clients to benelll from
programmes which integrate the resloralive power of natu￿ alongside the latest medical research.
Our hub for movement sits wsthin the Coach House. Movement is an ess8ntial part tsl each
programme al Combe Grove as Movement is the second of th8 5 Roots of Metabolic HeallhThl
Movement for all aggs and abilities is coached by a highly qualified team of PTofessional trainers who
cover an extenslve Ilsl ol classBs and courses wllh equlpm8nt chosen for its qU81ity and credentials.
Our movement specialists support each client to oplimise their movement root, guiding them In their
personallsed plan lo increase movement utlllsing all our facilities acTOSS the estate. This inclkjdes our
ancient woodland, tenni5 Courts, swimming PODIS, gym. sauna, steam room and 80 class8s a week.
Financial revlèw
Th85p accounts include a full yaarfs actlvity al Combe Grove. with a defi￿1 of £1.037,264 12024..
£13.027 deficit} after all trading activities and donallons r8ceived. The charity had assèts of
£10.174,49312024'. £10,455,643) and liabilities 01 £5,897.47612Q24.' £5,141.36218t the balance sheet
date.
Trustèès. responslbllities statsment
The truste@s, who are also dlrectOTS for the purposes of ¢ompany18w, are responsible for preparing
the Iruslees. report and the financial statements In accordance wlth applloable law and Uni18d
Kingdom AccouDtSng Standards (United Kingdom Generally Acoepled Ac¢ounling Praclicel.
Company law requires th& charily trustees to prepa￿ financial siatements for 8ach year which gwe B
true and lair v￿W of the state of affairs of the charitable company and the incomlng resources and
application of resources, including the income and expendilure, for that period.
In preparing these financial stBlemenis, the trustees are required to=
591ect suitable accounting pollcles and then apply thern consistenlty.
observe the methods and prfnciples in the applieable Charities SORP.
make ludgm&nts and accounting eslimales that aro reasonable and prudent,.
stste whether appllcable UK Accounting Standards hav8 been followed, sublect lo material
departures dSsclosed and explalned In fhe flnancial stalernènls..
prepare th8 financial statements on the going concem b&sls unles5 11 is inappropriate to presume
that the charity will continue In buslnes5.

The Elmhurst Foundation
Company Limited by Guarantee
Trustees. Annual Report (Incorporatlng the Directors, Report) (¢oRINnued)
Year ended 31 March 2025
The Irusleès are responsible for keeping adequate a¢¢ounling records that are suffldent to show and
explain the tharity's transadlons and dlsolose with reasonable accuracy al any lime the financlal
position ol th8 charity and enable them lo ensure that the financial stslemenis comply with the
Companigs Act 2006. They are also responsible for safeguarding the assets of the charity and hence
for taking reasonable steps for the prevention and deleclitx) of fraud and other irregularities.
Audltor
Each of the persons who Ss B Iruslee al the dale of approval of Ihis report confirms that..
so far as they are aware. there Is no relevant audil informallon of which the charity's auditor is
unaware., and
they have taken all steps that they ought lo hav8 taken as a trustee to mak8 themselves aware of
any relevant audit information and lo establish that the charlly's auditor Is aWBre of that
information.
The trustees. annLJal report lincorporaling the directors. report) and the strategic report were approv8d
on 30.03.2026 and slgned on behalf of the board of truslees by:
Miss H Aylw8rd-Smilh
Trusteè

The Elmhurst Foundation
Company Llmited by Guarantee
Independent Auditor's Report to the Members of The Elmhurst Foundatlon
Year ended 31 March 2025
Opinlon
We have audited the finan¢ial slalemènts of The Elmhursl Foundation Ithe'charity'l for the year ended
31 March 2025 which comprise the slalement ol financial activities (including incom& and expendlture
account), stalemenl of financial position, statement of cash flows and the related notes, including a
surnmary of slgnlficanl accounting policies. Th8 Iinancial reportlng framework that has been applied in
their pr8paralion is applicablg law and United Kingdom Accounling Standards, including FRS 102 The
Financi81 Reporting St8ndard applicable in th8 UK and Republic of Ireland Iunlted Kingdom Generally
Accepted Accounting Practice).
In our opinlon the financial sta18ments'.
givg a true and falr view of the state of the charlvs affalrs as at 31 March 2025 and ol ils
incoming resources and application of resources, Including ils incorne and expendlture, for tho
yearthen ended..
have b8Bn propedy prepared in accordan￿ with United Kin9dorn Generally Accepted
Accounllng Praclice..
have been prepared in 8ccordanc¢ with Ihe requirements ofthe Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Audlllng IUKI IISAS IUKII and
applScable 18w. Our re5ponsibilitles under those standards are further described in the audilovs
re5ponsibililies lor the audit of the financial sta18ments section csf our report. We are Independent of
the charity in awordance with the ethical ￿quirementS that are relevant lo our audit of the finanEial
siatemenls in the UK, including the FRC'S Ethitrdl Standard, and we have ftjifilled our other ethical
r8sponsibilrties in accordance with Ihese requiiements. We believe that th8 audit evidence we hav8
oblain&d Is sufficient and appropriate lo provide a basis lor our opinion.
Coneluslons rèlatlng to golng concom
In auditing Ihe financi81 stalements, we have concludBd that Ihg trustees, use of the going concern
b8sls of accounting in the preparation of the financial slalemenls is appropriale.
Based on the work we have performed, wg have not identified any maleTial uncertalnties relating to
events Dr conditions that, indiv￿Ually or collectively. may cast significanl doubl on the tharity's ability
to continue a5 a going concern for a period of al least twelve months from when the finanaal
slalements a￿ aulhorfsed for issue.
Our responsibilities and th8 resp(>nsibilili6s of the trustees with ￿spect lo going concern are dèscribed
In the relovanl sections of this T8POrt.

The Elmhurst Foundation
Company Llmited by Guarantee
Independent Auditor's Report to the Members of The Elmhurst Foundatlon
(wnliNJuedJ
Year ended 31 March 2025
Other Inforniatlon
The other Informatlon cornpiises the informatlon included in tho annual report, other than Ihe fina¢)cial
statements and our audilor's report Ihereon. The Iruslees are responsible for the other inftsrmalion.
Our opinion on the finanoial slalgmenls do8s not cover th8 Other infomialion and. except to the exlenl
otherwise explicitly slated in our repori. we do nol exprèss any forrn of assurano8 concluslon thereon.
In conneclion wllh our audit ol the financial slatemenls, our responsibility is lo read Ihg other
information and. in doing 80, consid8r whelhgr the other inforfflation is materially inconsistent with the
financial slalements or our knowledge obtained in tho audit or othe￿1$9 appears lo be materially
misslaled. 11 wo identify such malerial inconsistencies or apparent material misstatements, we arg
roquSred to delemine whether Ihore is a maleTi81 misstatement In the financial Statements or a
material misstatem8nt of the other information. If, based on the work we have performed, we concltjde
that there Is a material misstatement of Ihls other Information, w8 are required to report that fa¢1.
We have nolhlng to report in th15 regard.
Oplnlon5 on other matters prescrlbed by th• Companles Act 2006
In our oplnion, based on the work undertak¢n in th$ course of the audit..
the infoimation glven in the trustees, report foi th6 financial y8ar foT whlch the 1Snanci81
statements are prepared is c¢>nsislenl with th8 financial statements., and
th& trustees, report has been prepared In accordance with applleable legal requirements.
Matters on whlch we are requlred to rèport by •xception
In th8 light of the knowledge and understanding of the charity and ils environment obtained in the
course ol the audit, w8 have not identified maleriBI mi55tatemgnts in the tiustees, report.
We have nothing tr) report in respect of the following matters in relalion to which Ihe Companles Act
2006 requires us lo report to you if. in our opinlon..
adequalg accounting records have noi been kepL or returns adequate for our audit have not
been received from branches not wsiled by us-, or
the financial statements are not In agreemènt with the acwunting records and relums., c
certain di$closure5 of Irust8es' remuneration speofied by law are not made,. or
we hav8 nol rec8ived all the infomation and expl8na(ions we require for our audil.

The Elmhurst Foundation
Company Llmlted by Guarantee
Independent Auditor's Report to the Membors of The Elmhurst Foundatlon
(conllnuodj
Year ended 31 March 2025
Responslbilitiès of trustees
As explained more fully In th8 Irust6es' responsibilitles staltsment, tho trustees (who are also the
directors for the purposes of company lawl are responsible for the pieparation ol the financial
siatemenls and for being satisfied that they give a true and fair view, and for such internal control as
the tiustees delemiine is necessary to enable the preparation of finandal siat8menls that are free
from material mlssialemènt, whether due to fraud or error.
In preparing the financial sl8temenls. the trustees are responsible lor assessing the ch8rlly's abi1Sly to
continue as a going concern, dlsclosing, 38 applicable, matters related to going concern and using the
going concern basis of accounting unless the Iruslees either intend lo liquidate the charity or to cease
opèrations, or have no realistic allernalive but to do so.
Audltor's rosponslbilities forthè audit of the flnanclal statements
Our objective5 are lo obtain reasonabl8 assurance aboul whelh8r the financial slatèmenls as 8 whole
ale free from malerfal mi85tatement, whether due lo fraud or error, and to issue an auditoff s report that
includes our opinion. Reasonable assuranc8 Is a high level ol assurance, bul Is not a guarante8 that
an audlt conducted accordance with ISAS IUKI will always d8tecl a material mlssialement whgn 11
exists. Misstal8ments can arise from l¥aud or error and are consid8red rnatsrial il, individually or in the
aggregate, they could reasonably be expected to influence tha economic deoisions of users 18ken on
the basi5 of these financial slatemonis.
IrregularS1ies, in¢luding fraud, are Instances of non-compliance wlth laws and regulations. We design
procedures in lin8 with oui rEspon5ibililies, outlined above, lo detect materi81 misslalements in respect
of Irregularilias. including fraud. The extent to which our procedures are capable of deleBtSng
irregularities, including fraud is detailed below:
Our approach was as lollows..
We obtained an understanding of the legal and r8gulatory requirements appllcable to the charity an(J
(*)nsidered the most significant are the Companies Acl 2006 8nd UK Financial reporting Standards.
We oblalned an understanding of how Ihs company complies wlh these regulations by discussions
with management.
We assessed the risk of material misslatemenl of the financial statements. including th@ risk of
material misslatemenl due lo fraud and how il might i￿￿r, by holdlng discussions with managemenL
We Inquired of managernènt as to any known Inslancas of non-compliance or suspe¢ted
non-compliance with laws and regulallons.
Based on this understanding, we designed specific audit procedures to identlfy instances of
non-eompliance with laws and regulations. This included making enquiries ol management and
oblalnlng corroborative evidence as requlred.

The Elmhurst Foundation
Company Llmited by Guarantee
Indepèndent Auditor's Report to the Members of The Elmhurst Foundatlon
(conllnuedl
Year ended 31 March 2025
A5 part of an audit In accordance with ISAS IUKI. w8 exercise professlonal judgm&nl and maintain
professional s¢epticism throughout the audit. We also=
Idenllfy and assess the risks ol material misslalement of the financial stalemenis. whethèr due lo
fraud or eiior, design and perform audit procedures r8sponsive to those risks. and obtain audit
evsdence th81 Is sufficlent and appropriate to provide a basis for our opinion. Th8 T15k of not
delecling a malerlal misstatement resulting from traud Is higher than for one resulting from error,
as fraud may involve collusion. forgery. intentional offlissions, misrepre3entalion8, or the overrid9
of internal control.
Obtain an underslanding of internal control relevant to the audit in order lo design audit
procedures that are appropria18 Sn the clrcumstances. bul not for thè purpose of expressing an
opinion on the effectiveness ol the internal control.
Evaluate the appropriatenèss of accounllng policios used and the reasonablgness ol a¢counling
estimates and related disdosLJres made by thè truste85.
Concluda on the appropriateness of the trustees. use of the going concem basls of a¢counling
and, based on the audit evidence oblained, whether a material uncertainly exlsis related to
events or (x)nditions that may cast signifieanl doubt on the charity's ability lo eonlinLJe as a golng
concem. 11 we conclude that a material uncertainly exists, we are Tequired to draw attention in
oEJr auditorfs report to the rel8te(I disclosur8s in the financial sta18ments or, if such disclosures
are Inadequat6, lo modlfy our opinion. Our conclusions arg based on the audil evidence obtslned
up lo the dale of Dur auditorfs report. However, future events or canditions may cause Ihe chaiity
to cea88 to continue as a golng concsrn.
Evaluate the overBII presantation, structure and content of the financial stal8menls, including the
dlsclosureg. and whether the financial statements represent the underlying transactions and
events in a rnanner that achiev&8 fair pr&senlalion.

The Elmhurst Foundation
Company Limlted by Guarantee
Independent Auditor's Report to the Members of The Elmhurst Foundation
Year ended 31 March 2025
W8 communicate wrth those Charged with governance regarding, among other matters, Iha planned
scope and timing ol Ihe audit and significant audil findings, including any significant deficiencies in
Internal control that we identify during our audlt.
Use of our report
This report Is made solely lo tho ¢haritls members. as 8 body, In accordance wllh Chaplgr 3 of Part
16 of the Cownpanies Act 2006. Oui audll work has been undertaken so that we might slate to tha
charily's members those malters we are required to state lo them in an auditor's repori and for no
othÉr purpose. To the fullest extènt peimilted by law, we do not accepl or assume responslbillly lo
anyone other than the charily and Ihts ¢h8rltls members as a body, for our audit work, for this Teport,
or for the opinions wg have formed.
Jamgs Harp8r (Senior SlatuloryAudltorl
For and on b&half ol
Harper Sheldon Limited
Chartered accountanls & slalutory auditor
Midway House
Slaverton Technology Park
Heirick Way, Slaverton
Cheltenham, GIDS.
GL516TQ
10

The Elmhurst Foundation
Company Limited by Guarantee
Statement of Financial Actlvltles
(including income and expenditure account)
Year ended 31 March 2025
2025
Unrestricted
funds Total funds Total funds
2024
Income and endowments
Donations and legacies
Olherlradlng Bctivities
1,379.499
1,704.313
3.083.812
1,379,499
1.704,313
2.100,000
1,402.240
Total Income
3.083,812
3,502.240
Expenditurè
Expenditure on raising funds..
Costs of olher Iradlng 8clivilias
Total expenditure
4,121,076
4,121,076
4.121.076
3,515.267
3,515,267
4,121.076
Net oxpenditure and net movemgnt Sn funds
11,037,264) 11,037,264)
113,027)
Reconciliation of funds
Totsl funds brought forward
Total funds carrled forward
5.314,281
4,277,017
5.314,281
5.327,308
4,277,017
5,314,281
The statement of financial activi118s includes all gain5 and losses recognbsgd Sn the year.
l income and expenditure derive from continulng activities.
The notes on pages 14 to 22 foTm part of the80 flnavclal $tatsm8nts.

The Elmhurst Foundation
Company Limited by Guarantee
statement of Flnancial Position
31 March 2025
2025
2024
Flxed assets
Tangible fixed assets
11 10.087,675 10,152.182
Current assèts
Stock5
Debtors
Cash al bank and in hand
12
13
21,686
14,7351
69,867
86,818
18,207
103.042
182,212
303,461
Creditors: amounts falllng due withln on8 year
Net current Ilabllltles
Total assets lèss current liabilities
14 4,190,834
4.104,016
5.983,659
3,341,245
3,037.784
7.114.398
Credltors: amounts falling due after more than one
Not assets
15 1.706.642
4.277,017
1,800.117
5,314,281
Funds of the charlty
Unreslricled funds
4,2TT.017
17 4.277,017
5,314,281
5,314.281
Totsl charlty funds
These financial slalements were approved by the bDard of trustees and authorlsed for issua c
).032026. and are signed on behalfofthe board by..
-miss H Aylward-smlth
Trustee
The note5 on p8ge5 14 to 22 form part of these financial statempnts.
12

The Elmhurst Foundation
Company Limited by Guarantee
Slatemènt of Cash Flows
Year gnded 31 March 2025
2025
2024
Cash flows from operatlng ¥ctlvltles
Net expenditure
11.037,264}
113,0271
Adjtsstmenls for,.
Depreciation ol tangible fixed asqe
Accrued expenses
376,317
41,233
327,754
73,128
Changosln.-
Sli
Trade and other debtors
Trade and other creditors
13,4791
107,777
19,2951
1524,7111
1524,7111
(8,2321
2,784
117,338
499,745
499,745
Cash generated from operations
Net cash (used inyfrom operating activities
Cash flows from Investlng activiti98
Purchase of tangible assets
Nel cash used in invesUng acl'viti8s
1311,8101 1450,4121
1311,810> 1450,412)
Cash flow$ from fflnan¢lng actlvill•s
Proc8eds from borrowings
Payments of finance lease liabilities
Net cash used in financlng activi￿8$
1183,Q201
110,8041
1193,824)
130,0241
127,9681
157,992j
Net decrease In cash and cash oqulvalents
Cash and cash equivalenls at beginnlng of year
Cash and cash equlval&nts at end of year
11,030.3451
182,212
1848,133)
{8.6591
190,871
182.212
Th8 notes on page5 14 to 22 form Part ofthese flnanclal 5t*ements.
13

The Elmhurst Foundatlon
Company Limlted by Guarantee
Note5 to the Financial Statements
Year ended 31 March 2025
Genèral Informatlon
The charity Is a public benefit entity and a privat0 eompany limited by guarantee, reglstered in
England and Wales and a registered ch8rlty in England and Wales. The address ol the
regislored officg is Cornb8 Grove, Brassknocker Hill, Monkton CorTEbè, Bath, BA2 7HS, England.
statem•nt of compllance
These financlal staletnenls have been Pfepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of
Recommended Practice applicable lo charities preparing their a￿￿nIS in accordancE with the
Finallclal Reporiing Standard appli￿ble in the UK and Republic of Ireland IFRS 1021 (Charilles
SORP IFRS 10211 and the Companies Act 2006.
Accounting policies
Basls of prèparation
The financial statements have been prepar8d on th8 historical cost basls, as modSfied by the
valuation of cgrtaln financial assets and liabilities and investment properties measured al fglr
value through income or expenditure.
The finanual slalemenls arts prepared In sterling, which is Ihe fur￿lOn31 currency of th8 enllty.
Going eoncern
Th8 charity ¢ontinues lo rely on the donatlons rec8ived from Ms H Aylward Smllh. Ms H Aylward
Smith has indicoled her willingnes5 to continue lo support the charity foi the for8seeable future.
that being a period of not less than 12 months from the dale ol signing the flnancial slatemenls.
Judgements and key sources of estlmallon uncertaSnty
Th8 prepaffdtion of the financS?I slatomenls requires management lo make judg&ments,
eslimates and assumptions that affect the amDunls reported. These estimates and judgements
are continually r8viewed 8nd are based on experiencg and other factors, induding expectations
of future events that are believed to be reasonab18 under the circumstances.
Fund accountlng
Unreslricled funds arg available for u58 al the dlscretion of the Iwstees lo furlher any of Ihg
charity's purposes.
Designated funds ar8 unreslTiCted funds earmarked by th8 trustees for particular futurs project or
commitment.
Restricted funds are sublec18d to r8slrlctions on their expenditure declared by thè donor or
through th8 t$rms of an appeal, and fall into on8 of Iwo sub-classes.. reslricled income funds or
endowmBnt funds.
14

The Elmhurst Foundation
Company Limited by Guarantee
Notes to the Financlal Statements
Year ended 31 March 2025
Ac¢ountlng polieles I¢￿ttnued}
Incomlng resources
All incoming resources aTe Induded in the statement of financial acliville5 when entltlement has
passed lo th6 charity., 11 Is PTobab18 that th8 economic benefits associated with the transaction
will flow to the charity and the amount can be rÈlSably mgasured. Th8 following specific policies
are appli8d to particular calegorles of income:
income frorn donations or grants is recognised when Ih8re is evidence of onhllemenl lo the
gift, reeeipt Is probable and its amount can be measured rtsliably.
legacy incotre is recognised when receipt is probable and entitlement is eslabllshed.
income from donated goods is measured at the fair value of the gotsds unless this is
impractical lo measure reliably, in which case the value is derived from the cost lo Ihe donor
or Ihg eslimaled r8sale value. Donated facilities and servlces are recognis8d in th&
awjunts whèn received If Ihe valuè can be rellably rneasured. No amounts are indudèd for
the contribution of general volunteers.
income from ¢ontrdCts for the supply of services is recognised wllh the delivery ol the
conlraet8d seNica. This is classified as unrostrlcted funds unless there is a conlrdctual
requirement for il to be spent on a partiCLJlar purpose and returned if unspent, in whlch case
it may be regarded as iestricted.
Resources expended
Expenditure is recognised on an acuuals basis as a liability is incurred. Expenditure includes any
VAT which csnnot be fully recovered. and Ss cSassified under heading5 of the ststement of
rinancial activities to which11 relates..
expenditu￿ on ralslng funds Includes Ihe costs of all fundraising activitltss, events,
non-charitable tradlng activllies, and the sale of donal¢d goods.
expenditurè on charil8ble activities includes all costs incurred by a charlty in undertaking
activitles that further ils charitable aims for the benefit of ils beneficiarie5, Including those
support cosls and costs relating to th8 governance ol Ihe charity appDrtioned lo tharilable
aelivilies.
other expenditure inc5udes 811 expenditure Ih31 is neither related lo raSsing funds for the
charity nor part of ils expenditure on charitable aclivilies.
All costs are allocaled to expenditure ca18gories reflectlng the use of th8 resource. Direct costs
allributable lo a single activity are allocated diTeetly to thal activity. Shared costs are apportioned
between the Bclivilies Ihey contrlbute lo on a reasonable. justifiable and ¢onsisl8nl basis.
Tanglbl¢ assets
Tangible assets are Initially recorded at cost, and subsequently stated al cost les5 any
accumulated d9p￿Clat10n and imp2irmenl losses. Any tangible assets carried at revalued
amounts are recorded al the fair value al the dale of revaluation less any subsequent
8ccumulated depreciatlon and subsequ8nt accumulated impaimienl10550s.
15

The Elmhurst Foundatlon
Company Llmited by Guarantee
Notes to the Financial Statements {wnllnu8d)
Year ended 31 Ma￿h 2025
Accounting policles l¢ontlnuodJ
Tangible assets {¢onllnued)
An increase ID the carrying amount ol an asset as a result of a revaluatlon, Is recogn15ed in other
recognis8d gains and losses, unlèss il reverses a charge for impairm6nt that has previousty been
r8cognised as expenditure within the statement of financial aciivilies. A decrease in the cairying
amount of an asset as a result of revaluation, is recognised in other recognlsed gains and losses,
excepl lo which il Dffsels any previous revaluation gain. in which case the loss is shown within
other recognlsed gabns and losses on the statom&nl of financial aclivitles.
Depreclatlon
D8precialion Is calculated so as lo wdle off the cost or valuation of an asset. less Its resldu81
value, over the useful economic lile of that asset as follows..
20A straight line
250/0 slraight line
10VD- 25¥0 straight line
Freehold property
MoloT V8hicles
Fixtures, flltlngs and
equipment
Impairmont offixed assets
A rèview lor indicators Df impaiTment is carried oul al each reporting date. with the recoverable
amoLJnt being estimated where such indicators 8xlst. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingSy. Prior impalrmenls ar8 also reviewed for
posskble reversal al eaoh reporting date.
FOT the purposes of Impairment testing, when it is not possible to estimate the recoverable
amount of an individual as591, an osliin8te is mado ol the recoverable amount ol the
cash-generaling unil lo whlch Ihe asset belongs. The cash-generaling unil is the smallest
idenlifi8b1e group of assets that includes the asset and generates cash Inflows th81 IBrgg
independent ol the cash Inflows Irotn other assets or groups of assets.
For imp8lrmenl lestlng ol goodwill, the goodwill acqulred in a buslness combination is, from the
acquisition dale, allocated to ea¢h ol the cash-generallng unils that are expected to beneflt from
the synergies ol the comblnalion. irrespective of whether othèr assets oi Ilablliti85 of the charity
are assigned lo those units.
stocks
Stocks are measured at the lower ol cost and estimated selling pricè less costs to comp18te and
sell. Cost includes all costs of purchase, costs of conversion and olh8r costs incurred in bririging
the stock lo ils pre￿nt location and condition.
Finance leases and hire purchase contracts
Assels held under f1nancè leases and hire purchase wntracts are recognised in the slalernenl of
financial position as assets and 1SabS1ities al the lower of the fair value of tho assets and the
present value of the minimum leasg payments, which is determined at the Inception of Ihe18aso
term. Any initial dir8cI costs of the lease are added lo the amount recognised as an ass8t.
16

The Elmhurst Foundation
Company Llmlted by Guarantee
Notes to the Financlal Statements Iconthuodj
Year ended 31 March 2025
Accounting pollcles (conunuedl
Flnance leases and hlro purchasè contract5 fconthue
Lease payments are apportioned between the finance charges and reduction ol the oulslanding
lease liability using the èfteclive interest rnelhod. Finance ¢harges ar8 allocated to each p8rfod
so as lo produce a con8lanl rate of interest on th8 Tetllainin9 balance of the liability.
Financial instruments
A financial asset or a financial liability is recognised onty when the charity be¢omes a parly to the
contractual provisions of the instrument.
Baslc Ilnancial Instr￿mentS ar8 Initially recognised al th6 amount receivable or payable induding
any related transaction costs.
Current assets and current liabilities are subsequently measured al the cash ¢x oiher
considerallon expected lo be paid or received and nut discounted.
Debt Instruments are subsequently measured at amortised co81.
Where Inveslmgnts in shar85 are publlcly traded or thelr fair value (xn othèrwis8 b8 measured
rèliably, the investment is subsequently measured at fair valu6 ￿rith changes in fair value
recognised in income and expenditure. other such investments are subsequ8ntly measured al
cost less impairment.
Olhar financlal inslrumènls. including deTNalSves. are Inllially recognised al falr value. unless
payment for an asset 18 dèferred beyond normal busines5 terms or financed al a rale of inter8$1
that Is not a markel rate. in whlch case the asset 18 measured at th8 presont value of th& future
payments discounted at a market rate of interest for a simllar debt inslfurnenl.
oth8r financial inslrumonts are subsequently measured at fair value, with any changgs
recognised in th8 5talemenl of financial activities, with the exception of hedging instruments in
deslgnaled hedging r61alionship.
Financlal assets that are measured at cost or amortlsed cos18re reviewed lor objective evidenc8
of impaimenl al the end of 8ach reporting date. If there is objective evidence of impairfflent. an
impalrmenl loss is re¢ognSsed undèr the appropriate heading in the stalem9nl of financihl
activities in vthich th8 initial galn was recognised.
For all equity inslruTn9nts regardless of signlficanc8, and other financial 8ssels that a
individually signifieanl, th88e are assessed individually for impairment. Other financial asseis ar8
either assessed indivldually or grouped on the basis of slmilar credit rfsk charaeterislics.
Any reversals of impairment are recognlsed immedlately. lo the exlenl that the reversal does not
result in a carrying amount of the financi81 asset that exceeds what the G8rrwng amount would
have been had the impalrmenl nol previously been recognised.
Llmitsd by guarant80
Every member has guaranteed the contributions of an amount, not exceeding £1 per memb8r, to
Ihe cowpanl5 assets in the event that the company should be wound up.
17

The Elmhurst Foundation
Company Llmlted by Guarantee
Note5 to the Flnancial Slatements Iconlinued)
Year ended 31 March 2025
Donations and lègacies
un￿strICted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Donatlon5
Donations
1,379,499
1,379.499
2.100,000
2,100.000
othèrtradlng actlvili•s
Unrestrlcted Total Funds Unreslricl8d Toial FU￿$s
Funds
2025
Funds
2024
Other Sncome frorn other trading
activities
1,704,313
1,704,313
1,402.240
1,402.240
Costs of othertrading aetlvlties
Unreslri¢ied Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Costs of other trading activities-
Operaling trading company
4.121,076
4,121.076
3,515,267
3.515,267
N¥t expendlture
Net expenditurè Is stated after chargSwllcredilingl.'
2025
2024
Deprecl8tlon of tangible flxed assels
376,317
327,754
staff costs
The total staff c¥)sts and employee bengfits for the Tewrting period are analysed as follows-.
2025
2024
Wages and salaries
Olheremployee benefits
1,912.341
48,396
1.960,737
1,547,181
47.677
1,594.858
18

The Elmhurst Foundation
Company Limited by Guarantee
Notes to the Flnancial Statements (conllnu
Year ended 31 March 2025
Staff c05tS {contlJJUEd)
The average head count of employe85 during thè year was 6312024.. 571. The average number
ol full-time equivalent employg8s during the year is analysed as follows..
2025
2024
No.
Number of staff - client facing
Numb8r Df staff - administration
Number of staff - managemgllt
37
10
10
11
57
No employee received employee benefi15 of more than £60,000 during the year12024'. Nill.
10. Trustee remuneratlon and expenses
No trustee receivgd any remuneration or any other benefits from employment wlth the ch8rlty or
a relaled entity.
11, Tanglbla fixed ass•ts
Freehold
property
Motor
vehides
Equipment
Total
Cost
Al 1 April 2024
Additions
10,396,652
269.856
54.056
589
1,148,898 11,599,606
41,365
311,810
1.190,263 11,911,416
At 31 March 2025
10,666,508
54.645
Depreclation
At 1 April 2024
Charge lor th8 year
At 31 March 2025
602,S55
243,783
20,069
12,332
32,401
824,800
120,202
1,447.424
376,317
846,338
945.002
1,823.741
Carrying amount
At 31 March 2025
9,820.170
9.794.097
22.244
33,987
245,261 10.D87.675
324,098 10,152.182
At 31 March 2024
12. Stocks
2025
2024
Finished goods and goods for resalè
21,686
18,207
19

The Elmhurst Foundatlon
Company Llmited by Guarantee
Notes to the Financial Statements IcoRllnu•dJ
Year ended 31 March 2025
13. Debtors
2025
2024
Trade deblors
Prepayments and accrued income
otherdeblors
3,175
25,072
132,9821
14,7351
93,235
9,807
103.042
14. Crèdltors.. amounts falling due withln one year
2025
2024
Bank loans and overdrafts
Trade c￿dItorS
Amounts owed lo undertakings in which th8 charity has a
partlcipaling interest
Accruals and deferred incDme
Social sécijrfly and other taxes
Obligations under finance leases and hire purchase contracts
Other credStors
Other credilots
171.719
201.715
274,928
2Q8,380
3,262,000
257,204
126,816
13.053
38,560
119,767
2.344,000
215.971
87.552
10,193
88,553
111.668
4.190,834
3,341,245
The bank loans are secured on the assets ol the Charity, known as Combe Grove. Brassknocker
Hill, Monklon Hill, Balh.BA2 7HU.
15. Creditors= amounts falllng dutr after moro than ono y&ar
2025
2024
Bank loan5 and overdrafts
Obligations vnderfinanc8 leases and hlre purch858 contracts
1.706,642
1,786,453
13,664
1,706.642
1,800.117
The bank103ns are secured on the assets of the Charity, known as Combe Grove, Brassknwker
Hill, Monklon Hill. Bath,BA2 7HU.

The Elmhurst Foundatlon
Cornpany Limited by Guarantee
Notes to the Flnanclal Statements {conlinugd)
Year ended 31 March 2025
16. Flnancè l•ases and hlre purchas& contracts
The Éotal lulure minimum le889 payments under ffinance leas8S 8nd hire purchase contracts are
as follows..
2025
2024
Not later than l year
Lat8r than 1 year and not later than S years
13,053
10.193
13,664
13.053
23.857
17. Analysls of charitsble funds
Unrestrlcted funds
At
31 March 20
25
Al
1 April 2024
Inwme Exp8ndilure
G&neral funds
5,314.281
3,083,812 {4,121,0761 4,277,017
Al
31 March 20
24
At
1 April 2023
Income ExpÈndilure
General fuNIs
5,327,308
3.502.240 13.515.267)
5,314.281
18. Analy$ls of net assets betsveon funds
Uniestricied Total Funds
Funds
2025
Tangible fixed assets
Current assets
Creditors les5 than 1 year
Creditors greater than 1 yèar
Not assgts
fO,087,676 10,087,676
86,819
86.819
14.190,8361 14.190,8361
{1,706,6421 {1,706,6421
4.277,017
4,277,017
Un¥gslricted Total Funds
Funds
2024
Tangible fixed assets
Current assets
Credllors less than 1 year
Creditors greater than 1 y8ar
Ngt assets
10,152,182 10,152.182
303.461
303.461
13,341,245} 13,341,245)
11,800,11TI 11,800,117)
5,314,281
5,314.281
21

The Elmhurst Foundation
Company Limlted by Guarantee
Notes to the Financlal Statements {ContIn￿tt)
Year ended 31 March 2025
19. Finartclal instruments
The carrying amountfor each category of fin8naal instrument is as follows..
2025
2024
Loan commltments mèasured at cost less impalrment
Loan commltments measured al cosl less iThpainnenl
1.891,414
2,085.238
20. Analysis of chang•s In net debl
At
Al 1 Apr 2024 Cash fflows 31 Mar 2025
182,212
1112,3451
69.867
12,629,121) 1817,6511 13,446,772)
11,800,117)
93,475 11,706.6421
14.247,02fjj (836,521} {5,083,5471
Cash al bank and in hand
Debt due within one year
Debt due after one year