Docusign Envelope ID: E7F8BDDB-D1D5-4D08-A03B-42F7D00CDE3B
Charity number: 1172807
CHILD GROWTH FOUNDATION
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Docusign Envelope ID: E7F8BDDB-D1D5-4D08-A03B-42F7D00CDE3B
CHILD GROWTH FOUNDATION
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Chair's Statement | 2 - 4 |
| Trustees' Report | 5 - 8 |
| Independent Examiner's Report | 9 |
| Statement of Financial Activities | 10 |
| Balance Sheet | 11 |
| Notes to the Financial Statements | 12 - 27 |
Docusign Envelope ID: E7F8BDDB-D1D5-4D08-A03B-42F7D00CDE3B
CHILD GROWTH FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2025
Trustees
Mr Jeffrey Bolton, Chair Mr Stephen George, Treasurer Mr Anthony Leyton-Thomas Ms Jessica Watts Ms Clare Wood - Ms Vanessa Boulanger Twigg (appointed 16 December 2024) Ms Hannah Cumming (appointed 16 December 2024, resigned 4 November 2025)
Charity registered number
1172807
Principal office
50 Peacock Road Kings Heath Birmingham B13 0NY
Accountants
Kinnair Associates Limited Chartered Accountants Aston House Redburn Road Newcastle upon Tyne NE5 1NB
Bankers
Barclays Bank PLC Leicester LE87 2BB
Metro Bank PLC 1 Southampton Row London WC1B 5HA
The Charity Bank Limited Fosse House 182 High Street Tonbridge TN9 1BE
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CHILD GROWTH FOUNDATION
CHAIR'S STATEMENT FOR THE YEAR ENDED 30 JUNE 2025
The Chair presents his statement for the year.
I am pleased to share the Child Growth Foundation (CGF) Chair’s Statement, for the year ending 30th June 2025.
It was, once again, an exciting and busy year for the CGF and Catriona, our charity manager, Laura, Sally, and Lisa developed and delivered a significant and superb range of support programmes and materials for the families that we support. Due to the increasing financial pressures and fundraising challenges, there was a renewed sense of urgency to prioritise fundraising and focus on delivering the most valued and consequential CGF activities.
Governance
There were no personnel or structural changes to the team during this period, and the team employed their complementary skills and talents and performed as an extremely effective and integrated team, delivering a very impressive range of valued support for families affected by growth conditions.
Catriona, our charity manager, has consistently driven positive change within our organization and devoted considerable time to keeping all our charity’s policies and procedures up to date. The CGF’s Risk Register document was reviewed and updated in June, and all staff and trustees completed their mandatory safeguarding training.
A major change from last year was moving the CGF’s annual general meeting (AGM) from its usual timing with the annual convention to December. The postponement of our AGM gave us the timely opportunity to express our appreciation to two highly prominent and valued trustees, Nick Child and Rachel Pidcock. who were stepping down at the end of 2024. Nick, the former Chair of the CGF, and Rachel both provided consistent support and dedication to the CGF over many years, in various roles. While Nick and Rachel will be missed, they have stated they will stay involved and keep supporting the CGF and its mission. The AGM also, however, gave us the opportunity to officially approve and appoint two new trustees, Vanessa Boulanger-Twigg and Hannah Cummin. Both Vanessa and Hannah had lived experience of growth concerns and conditions and had already made a significant contribution to the CGF board. Hannah has since stepped down from the CGF board.
The team and the new board of trustees met at the start of June, for a two-day meeting, to review and update the CGF’s strategic plan and develop a new operating plan of activities for the next year. The meeting provided the opportunity to agree and prioritise the most valued and cost-effective CGF activities for the coming year. There was unanimous agreement on the need to prioritise CGF fundraising efforts and to proactively expand CGF membership.
Although forming steering committees with staff and trustees encouraged more participation, motivation, and timely feedback, it was decided that their structure should be reassessed and streamlined. Many thought that the committees shared too many similar responsibilities.
Awareness, Education, Information, and Support
Raising awareness and understanding of growth issues to encourage families to act on their growth concerns remained a key focus for the year. The CGF launched its public awareness advertising campaign ‘Leave no shadow of doubt’ in September to align with ‘Children’s Growth Awareness Week.' Developed the previous year, the campaign appeared across social and traditional media platforms. Because of the funding and probono support received, CGF's advertisement appeared in both The Sun and The Times, two national newspapers.
Families who worry about their child's growth often face scepticism from their GP, which leads to delayed referrals to growth specialists. Therefore, better education for GPs on growth-related issues is crucial. In July, Pulse 365 hosted and published the second GP education webinar accredited by the CGF, featuring
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CHAIR'S STATEMENT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
presentations from Professors Helen Storr and Justin Davies. The online seminar received high praise from attending GPs, just like the last one.
The CGF will continue to develop initiatives that help identify and treat growth conditions at an earlier stage.
The team continued to prioritise the expansion of direct support for families, and the CGF staff responded to an increased number of patient telephone and e-mail queries during this period. Modernisation and updating of the CGF website were essential, including the addition of more information for the parent or carer who had concerns about their child’s growth before pursuing a diagnosis, and more video content. In addition, our specialist nurses, Sally and Lisa, developed a series of YouTube videos, explaining, for example, ‘Mid-parental height’ and ‘Bone age X-rays.’
Our specialist nurses also developed a range of guidance documents for parents and carers, such as ‘Measuring at Home’ and ‘A Parent Guide to Concerns About a Child’s Growth.’ Collaborating with parents, CGF also created peer-shared resources like ‘When Approaching Your GP’ and ‘Mental Health and Wellbeing.’ With support from medical advisors, the CGF launched its first transition guide, ‘Transition: Silver-Russell Syndrome.’
This year, the CGF introduced a collection of educational storybooks to offer additional support to families. The books aim to increase awareness about growth topics and encourage a positive outlook. The first two books, ‘Your Height My Height’ by CGF’s Laura Roy and ‘My Sotos Story’ by trustee Anthony Leyton-Thomas, have received widespread praise and have been ordered in large numbers. The CGF officially launched a third book, ‘Magnificent Max,’ which was gifted by a pharmaceutical company, during its convention in October.
The CGF understands the importance of, and values, family interaction and, during this period, the CGF expanded events that encourage informal discussions among families. Our specialist nurses, Sally and Lisa, organized the CGF’s ‘Virtual Cuppa & Chat' meetings, and participants responded very positively.
The CGF also continued its programme of family ‘Meet-Ups’ at a range of popular UK family venues, and two events were organised by Laura, our Finance and Administrator Manager, and Jessica, our Vice-Chair this year: Gulliver’s World in February, and Legoland Windsor, in May. The CGF was able to offer free tickets to our members and eligible members of the child growth community, courtesy Merlin’s Magic Wand Children’s Charity.
As always, one of the highlights of this period was the CGF convention, which took place in Warwick, in October. The CGF always tries to address topics suggested by its members during the convention, and the rotating roundtable session—where families could talk about a wide variety of issues and challenges with experts—was especially well received. Also, and for the first time at convention, we included an opportunity for adult attendees to participate in a choice of fun activities, including a dance and art / craft classes, and these were hugely successful and great fun.
Also, throughout the year, the CGF again continued its close collaboration with medical and healthcare experts, and related organizations and charities. The CGF continued to actively participate in meetings of the British Society for Paediatric Endocrinology and Diabetes (BSPED)’s Growth Disorders Special Interest Group and the International Coalition of Organizations Supporting Endocrine Patients (ICOSEP) and participated in theirs and a range of other scientific meetings and congresses.
Research
Once again, there was neither resource nor opportunity for the initiation of new clinical research projects during this period. However, Instigating, and collaborating on, clinical research that will improve the outcomes and quality of life for children and families affected by growth conditions continued.
The CGF received an invitation to take part in a pre-school growth screening project in February. The CGF
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CHAIR'S STATEMENT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
was asked to join as a co-applicant for the 5–6-year NIHR programme grant. If the grant is approved, CGF will oversee the public advisory group and represent the organisation on the steering group. The CGF will receive payment for its participation in the project.
This year, the CGF helped recruit participants for ICOSEP’s worldwide survey of families impacted by growth conditions. The CGF will continue its key surveys with members and pursue other cost-effective, data-driven research.
Finance and Income Generation
Our income for the 2024/2025 financial year decreased from the previous years to circa £88k, and our overheads for the budget year increased to £155k. The downturn of income from 2024/2025 certainly reflects the economic climate and fundraising challenges that charities have been facing. However, despite the operating deficit, we still hold healthy reserves to conduct all planned activities.
Because of higher costs and tougher fundraising conditions, the CGF prioritized fundraising during this period; Catriona, our charity manager devoted a significant amount of her time to submitting trust fund applications and a recruited CGF fundraising team developed a formal programme of planned fundraising events. Also, individual members and trustees took part in sponsored events, such as the London Marathon, and others instigated their own fundraising activities. We regularly generated significant revenue through social media platforms, and at the CGF’s June planning meeting, a campaign was approved to significantly boost the number of paying CGF members.
The CGF continued to receive a steady, and much appreciated, stream of income from our regular donors, and from our annual membership programme. We continued to receive royalties from Harlow Solutions and Seca, which ensure that a portion of our overheads can be funded and allow the continued distribution of key CGF growth related materials to the families that request and need them. The CGF realises that there must be other opportunities, and we have been, and will continue, to recruit a regular source of unrestricted income from other companies with a related interest in growth conditions.
During this period, partnerships with major pharmaceutical companies continued, providing restricted funding for planned joint projects. Once again, the CGF expanded and will keep broadening its focus on partnerships pharmaceutical companies, and we are grateful to have received pharmaceutical funding towards the rebuild of the CGF website.
The rise in overheads for 2024/2025 is due to higher salaries and a notable increase in the CGF’s annual convention subsidy costs. This event is highly valued by attending families and is widely regarded as the highlight of the year.
Finally, I want to express my appreciation and gratitude to all the staff and trustees of the CGF for their unfailing commitment and hard work in ensuring that the CGF was able to continue to make a positive difference to the lives of children, and their families, affected by growth conditions.
Mr Jeffrey Bolton - Chair Date: 27 January 2026
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CHILD GROWTH FOUNDATION
TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2025
The management committee of the Child Growth Foundation (“the Foundation” or “the CGF”) presents its report and the unaudited financial statements for the year ended 30 June 2024. The Foundation was originally established in 1977. The Foundation, in its current legal structure, was formed on 18 February 2017 and registered by the Charity Commission as a charitable incorporated organisation (CIO) on 28 April 2017.
The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements and comply with the charity’s governing document, the Charities Act 2011 and the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Description of Governing Document and Objects of the Charity
The Foundation, a charity registered in England and Wales with registration number 1172807, and whose principal address is 50 Peacock Road, Kings Heath, Birmingham, B13 0NY, is governed by its Constitution and established to:
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Support and offer advice and information to all persons (either children or adults) affected by growth disorders and their families in any manner which is charitable in accordance with the law of the United Kingdom;
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Promote and fund research that will directly enhance the health, psychological wellbeing and education of those with growth disorders and to publish the results of such research;
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Educate the public in general and workers in the medical profession in particular in the problems and difficulties encountered by those with growth disorders; and
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Encourage the regular monitoring of growth and development criteria by medical professionals at all levels and facilitate such monitoring by identifying equipment suitable for the purpose.
Public benefit
In accordance with Section 17 of the Charities Act 2011, the Trustees have given careful consideration to the Charity Commission’s general guidance on public benefit and in particular to continue maintaining its principal objects by funding expert information and support for children and their families affected by growth conditions and growth concerns, raising vital awareness, supporting healthcare professionals and enabling research.
Risk statement
The management committee has considered possible risks to the Foundation and is continuing, in the new Child Growth Foundation, to put plans in place to mitigate all major risks. Risks to funding have led to the development of a strategic plan which will allow for the diversification of funding and activities, whilst risks to expenditure are minimised by procedures for the authorisation of all transactions and projects and to ensure consistent quality in the delivery of all operational aspects of the charity. These procedures are under constant review to ensure that they remain effective.
Review of activities
We are pleased to present details of the activities undertaken by the Foundation, the independent national charity supporting children, young people, adults and families affected by growth conditions and growth concerns. Full details appear in the attached Chair’s Report.
Investment policy and performance
The Foundation placed its surplus cash on deposit with reputable financial institutions. It does not invest in equity investments.
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TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
Grant making policy
The Foundation has established its grant making policy to achieve its objects for the public benefit by making grants to major medical establishments in the UK to fund research projects into growth disorders and related areas. Details of grants are given in note seven to the financial statements.
Details of Incoming Resources and Resources Expended
Details of incoming resources and resources expended can be seen in the Statement of Financial Activities. For the charity there were net outgoing resources for the period of £66,484 (2024: net incoming resources of £33,222).
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The main sources of income in the period were:
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£18,694 of donations and grants; and
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£49,993 of charitable activities.
Movement in funds
Details of movements in funds (designated, unrestricted and restricted funds) are given in note 17 to the financial statements.
Reserves policy
The current policy of the Foundation is to maintain general reserves (unrestricted funds) to a level equal to one year’s running costs (including funding of grants but excluding restricted fund spending) and this has been achieved. The general reserves at 30 June 2025 were £82,746. Restricted funds at 30 June 2025 were £25,262.
Going concern
The financial statements have been prepared on the going concern basis, having regard to forecasts for the year ended 30 June 2025. The forecasts, which include cash flow projections, comprise reasonably detailed assumptions as to incoming resources and resources to be expended, and take account of different possibilities for grants payable to reflect the fact that further grants may be approved in due course.
Organisational Structure
The management committee (see below) directs the overall management of the Foundation. The committee meets at regular intervals to review activities and to consider and agree plans for future progress.
The Foundation’s employees, under the supervision of the Honorary Chair and the Honorary Treasurer, carry out the day to day activities.
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TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
Members of the management committee
Members of the management committee who served as charity Trustees during the year and up to the date of this report were as follows:
Mr Jeffrey Bolton, Chair Mr Stephen George, Treasurer Ms Vanessa Boulanger-Twigg (appointed 16 December 2024) Mr Nick Child (resigned 16 December 2024) Ms Hannah Cumming (appointed 16 December 2024 and resigned 4 November 2025) Mr Anthony Leyton-Thomas Mrs Rachel Pidcock (resigned 16 December 2024) Ms Jessica Watts Ms Clare Wood.
Appointment of the members of the management committee
The management committee is made up of an Honorary Chair, an Honorary Treasurer, and Honorary ViceChair alongside a range of individuals including those with lived experience of a growth condition or concern. Appointment is ratified at the annual general meeting in accordance with the Foundation’s constitution. Membership of the management committee is unpaid.
Members of the management committee have no beneficial interest in the Foundation.
Recruitment, induction and training of the members of the management committee
When the need arises, the management committee seeks to recruit new (additional or replacement) members by asking for volunteers with appropriate skills (for example, financial, medical), experience (of the relevant condition or of the charity sector) and enthusiasm for supporting the Foundation. As stated above, appointment must be ratified at the next annual general meeting. The induction procedures include briefing new committee members on the history and objects of the Foundation, the committee and decision making processes, the current plans of the Foundation, and meeting other members and key employees. New members are provided with copies of Charity Commission guidance on acting as a Trustee. Members are encouraged to attend appropriate external training events when this will facilitate the development of their role in the Foundation.
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CHILD GROWTH FOUNDATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
Management committee’s responsibilities in relation to the financial statements
The management committee is responsible for preparing the Management Committee Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, the Charities SORP FRS 102 and the provisions of the Foundation’s Constitution requires the management committee to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Foundation and of its incoming resources and application of resources for that period.
In preparing those financial statements, the management committee is required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable U.K. Accounting Standards have been followed, subject to any departures disclosed and explained in the financial statements, and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Foundation will continue in operation.
The management committee is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the Foundation, and to enable it to ensure that the financial statements comply with the Charities Act 2011, the Charities SORP FRS 102 and the provisions of the Foundation’s Constitution. The management committee is also responsible for safeguarding the assets of the Foundation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Independent Examination Information
In so far as the Trustees are aware at the time this management committee’s report is approved:
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there is no relevant information of which the Foundation’s independent examiner is unaware; and
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the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information.
Approved by order of the members of the board of Trustees on 27 January 2026 and signed on their behalf by:
Mr Jeffrey Bolton Chairman
Mr Stephen George Treasurer
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CHILD GROWTH FOUNDATION
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2025
Independent Examiner's Report to the Trustees of Child Growth Foundation ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 June 2024.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: 27 January 2026 8228AFA7794A4DC... Detlev Anderson FCA Kinnair Associates Limited Chartered Accountants Aston House Redburn Road Newcastle upon Tyne NE5 1NB
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CHILD GROWTH FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025
| Note Income from: Donations and legacies 3 Charitable activities 4 Investments 5 Other income 6 Total income Expenditure on: Raising funds Charitable activities Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2025 £ 18,694 49,993 1,520 3,454 73,661 11,906 123,061 134,967 (61,306) 143,782 (61,306) 82,476 |
Restricted funds 2025 £ - - - 15,000 15,000 - 20,178 20,178 (5,178) 30,440 (5,178) 25,262 |
Total funds 2025 £ 18,694 49,993 1,520 18,454 88,661 11,906 143,239 155,145 (66,484) 174,222 (66,484) 107,738 |
Total funds 2024 £ 100,393 49,859 2,292 15,542 |
|---|---|---|---|---|
| 168,086 | ||||
| 6,835 128,029 |
||||
| 134,864 | ||||
| 33,222 | ||||
| 141,000 33,222 |
||||
| 174,222 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 12 to 27 form part of these financial statements.
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CHILD GROWTH FOUNDATION
BALANCE SHEET AS AT 30 JUNE 2025
| 2025 | 2025 | 2024 | ||||
|---|---|---|---|---|---|---|
| Note | £ | £ | ||||
| Fixed assets | ||||||
| Tangible assets | 12 | - | 246 | |||
| Investments | 13 | 1,000 | 1,000 | |||
| 1,000 | 1,246 | |||||
| Current assets | ||||||
| Debtors | 14 | 14,315 | 17,535 | |||
| Cash at bank and in hand | 105,671 | 169,213 | ||||
| 119,986 | 186,748 | |||||
| Current liabilities | ||||||
| Creditors: amounts falling due within one | ||||||
| year | 15 | (13,248) | (13,772) | |||
| Net current assets | 106,738 | 172,976 | ||||
| Total assets less current liabilities | 107,738 | 174,222 | ||||
| Total net assets | 107,738 | 174,222 | ||||
| Charity funds | ||||||
| Restricted funds | 17 | 25,262 | 30,440 | |||
| Unrestricted funds | 17 | 82,476 | 143,782 | |||
| Total funds | 107,738 | 174,222 |
The financial statements were approved and authorised for issue by the Trustees on 27 January 2026 and signed on their behalf by:
Mr Jeffrey Bolton Mr Stephen George Chairman Treasurer
The notes on pages 12 to 27 form part of these financial statements.
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. General information
The Child Growth Foundation is a Charitable Foundation (Registration number 1172807) whose principal address is 50 Peacock Road, Kings Heath, Birmingham, B13 0NY.
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 Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Child Growth Foundation 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.
These financial statements are in respect of the Charity only. The Charity is not required to prepare group accounts as the group headed by it is a small group.
The financial statements are presented in pounds Sterling and rounded to the nearest pound.
2.2 Going concern
The financial statements have been prepared on the going concern basis, having regard to forecasts for the year ended 30 June 2025. The forecasts, which include cash flow projections, comprise reasonably detailed assumptions as to incoming resources and resources to be expended, and take account of different possibilities for grants payable to reflect the fact that further grants may be approved in due course.
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 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.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.6 Taxation
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charity for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
2.7 Tangible fixed assets and depreciation
Tangible fixed assets costing £500 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.
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CHILD GROWTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
2. Accounting policies (continued)
2.7 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 basis:
Office equipment
- 25% per annum straight-line
2.8 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 Statement of Financial Activities.
2.9 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.
2.10 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.
2.11 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.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
2.12 Financial instruments
The Charity 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.
2.13 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
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Docusign Envelope ID: E7F8BDDB-D1D5-4D08-A03B-42F7D00CDE3B
CHILD GROWTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
2. Accounting policies (continued)
2.14 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 Charity 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.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
3. Income from donations and legacies
| Unrestricted funds 2025 £ Donations 16,164 Convention income 2,530 18,694 Unrestricted funds 2024 £ Donations 76,813 Convention income 2,410 79,223 |
Restricted funds 2025 £ - - - Restricted funds 2024 £ 21,170 - 21,170 |
Total funds 2025 £ 16,164 2,530 |
|---|---|---|
| 18,694 | ||
| Total funds 2024 £ 97,983 2,410 |
||
| 100,393 |
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Docusign Envelope ID: E7F8BDDB-D1D5-4D08-A03B-42F7D00CDE3B
CHILD GROWTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
4. Income from charitable activities
| Unrestricted funds 2025 £ Royalties receivable 49,993 Unrestricted funds 2024 £ Royalties receivable 49,859 |
Total funds 2025 £ 49,993 |
|---|---|
| Total funds 2024 £ 49,859 |
| 5. Investment income Unrestricted funds 2025 £ Interest received 1,520 Unrestricted funds 2024 £ Interest received 2,292 |
Total funds 2025 £ 1,520 |
|---|---|
| Total funds 2024 £ 2,292 |
6. Other incoming resources
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2025 | 2025 | 2025 | |
| £ | £ | £ | |
| Sundry income | 3,454 | 15,000 | 18,454 |
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Docusign Envelope ID: E7F8BDDB-D1D5-4D08-A03B-42F7D00CDE3B
CHILD GROWTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
6. Other incoming resources (continued)
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2024 | 2024 | 2024 | |
| £ | £ | £ | |
| Sundry income | 2,942 | 12,600 | 15,542 |
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Docusign Envelope ID: E7F8BDDB-D1D5-4D08-A03B-42F7D00CDE3B
CHILD GROWTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
7. Expenditure on charitable activities
| HHHHAdvertising HHHHBank charges and interest HHHHBook costs HHHHCost of seminars and convention HHHHDepreciation HHHHFund-raising costs HHHHGeneral expenses HHHHGP training HHHHGrants payable (note 8) HHHHIndependent examination and book-keeping HHHHInsurance HHHHNewsletters HHHHOffice overheads HHHHStaff costs (note 10) HHHHTravel and accommodation HHHHCampaign costs HHHHTotal 2023 |
Family Grants Information & Education & Management & Total Total payable support Convention Training Fundraising Administration 2025 2024 £ £ £ £ £ £ £ £ 46 46 175 380 380 440 2,258 2,258 3,791 15,530 15,530 15,163 246 246 245 1,537 1,537 1,336 3,485 1,566 5,051 6,920 5,000 5,000 10,000 1,000 1,000 0 3,490 3,490 3,473 724 724 683 4,023 4,023 4,529 991 3,716 4,707 3,599 40,004 10,369 36,308 86,681 81,365 6,472 6,472 3,145 18,000 18,000 0 |
|---|---|
| 1,000 57,957 15,530 5,000 11,906 63,752 155,145 134,864 |
|
| 0 41,309 15,163 10,000 6,835 61,557 134,864 |
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Docusign Envelope ID: E7F8BDDB-D1D5-4D08-A03B-42F7D00CDE3B
CHILD GROWTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
8. Grants payable
| ARPE - SRS Consensus | 2025 £ 1,000 1,000 |
2024 £ - |
|---|---|---|
| - |
9. Independent examiner's remuneration
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Charity's independent examiner in respect of: | ||
| Preparation of financial statements | 1,500 | 1,354 |
| Independent examination | 1,000 | 1,092 |
| Payroll services | 738 | 1,620 |
10. Staff costs
| Wages and salaries Social security costs Contribution to defined contribution pension schemes |
2025 £ 82,744 1,451 2,486 86,681 |
2024 £ 78,430 582 2,353 |
|---|---|---|
| 81,365 |
The average number of persons employed by the Charity during the year was as follows:
| 2025 | 2024 | |
|---|---|---|
| No. | No. | |
| Employees | 4 | 4 |
No employee received remuneration amounting to more than £60,000 in either year.
Key management remuneration for the period amounted to £36,461 (2024: £34,509).
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Docusign Envelope ID: E7F8BDDB-D1D5-4D08-A03B-42F7D00CDE3B
CHILD GROWTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
11. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .
During the year ended 30 June 2025, expenses totalling £753 were reimbursed or paid directly to four Trustees (2024 - £ 1,650 paid to seven Trustees). These were for travel expenses.
12. Tangible fixed assets
| Cost or valuation At 1 July 2024 At 30 June 2025 Depreciation At 1 July 2024 Charge for the year At 30 June 2025 Net book value At 30 June 2025 At 30 June 2024 |
Office equipment £ 2,038 |
|---|---|
| 2,038 | |
| 1,792 246 |
|
| 2,038 | |
| - | |
| 246 |
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Docusign Envelope ID: E7F8BDDB-D1D5-4D08-A03B-42F7D00CDE3B
CHILD GROWTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
13. Fixed asset investments
| Cost or valuation At 1 July 2024 At 30 June 2025 Net book value At 30 June 2025 At 30 June 2024 |
Unlisted investments £ 1,000 |
|---|---|
| 1,000 | |
| 1,000 | |
| 1,000 |
The above investment comprises shares in the wholly owned dormant subsidiary company CGF Products Limited.
14. Debtors
| Due within one year Other debtors and prepayments Royalties receivable |
2025 £ 400 13,915 14,315 |
2024 £ 7,566 9,969 |
|---|---|---|
| 17,535 |
15. Creditors: Amounts falling due within one year
| Amounts due to group undertakings Trade creditors Other taxation and social security Other creditors Accruals and deferred income |
2025 £ 8,674 95 1,719 2,760 - 13,248 |
2024 £ 8,674 - 1,340 2,673 1,085 |
|---|---|---|
| 13,772 |
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Docusign Envelope ID: E7F8BDDB-D1D5-4D08-A03B-42F7D00CDE3B
CHILD GROWTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
16. Financial instruments
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 106,671 | 170,213 |
Financial assets measured at fair value through income and expenditure comprise bank balances.
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Docusign Envelope ID: E7F8BDDB-D1D5-4D08-A03B-42F7D00CDE3B
CHILD GROWTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
17. Statement of funds
Statement of funds - current year
| Balance at 1 July 2024 £ Unrestricted funds Designated funds Designated Funds - all funds 1,489 General funds General Funds 142,293 Total Unrestricted funds 143,782 Restricted funds Novo Nordisk - HCP Awareness Project 4,910 Merck Serono Limited - Information Days 5,283 Diurnal Limited - Adrenal Insufficiency Pack 322 Novo Nordisk - GP Educational Programme - Grant 1,667 Kate's Bursary 2,205 Sandoz - Sponsorship of Awareness Campaign 12,600 Pfizer - GP Educational Programme - Grant 1,667 SRS Storybook Campaign 120 Merck Serono Limited - GP Educational Programme 1,666 Sandoz - Newsletter - Sandoz - Website - 30,440 Total of funds 174,222 |
Income £ Expenditure £ - - 73,661 (134,967) 73,661 (134,967) - - - - - (74) - (1,667) - (500) - (12,600) - (1,667) - - - (1,666) 5,000 (2,004) 10,000 - 15,000 (20,178) 88,661 (155,145) |
Transfers in/out £ (1,489) 1,489 - - - - - - - - - - - - - - |
Balance at 30 June 2025 £ - |
|---|---|---|---|
| 82,476 | |||
| 82,476 | |||
| 4,910 5,283 248 - 1,705 - - 120 - 2,996 10,000 |
|||
| 25,262 | |||
| 107,738 |
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Docusign Envelope ID: E7F8BDDB-D1D5-4D08-A03B-42F7D00CDE3B
CHILD GROWTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
17. Statement of funds (continued)
Restricted funds represent the balance of incoming resources received which are to be used to fund the production of educational materials (e.g. newsletters, awareness packs), specific research, other grants payable, or a specific event (the annual convention) or activity (e.g. update the website).
Designated funds represent amounts in respect of grants approved by the Trustees, where work has not commenced at the balance sheet date. Transfers between designated funds and general funds represent the increase/(decrease) in amounts needed to fund grants approved by the Trustees where work has not commenced at the balance sheet date. Once work commences, provision is made within general funds for the amount approved by the Trustees.
Page 24
Docusign Envelope ID: E7F8BDDB-D1D5-4D08-A03B-42F7D00CDE3B
CHILD GROWTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
17. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds Designated funds Designated Funds General funds General Funds Total Unrestricted funds Restricted funds Novo Nordisk - HCP Awareness Project Merck Serono Limited - Information Days Diurnal Limited - Adrenal Insufficiency Pack Novo Nordisk - GP Educational Programme - Grant Kate's Bursary Society of Endocrine - Patient Support/ Story Book Grant Sandoz - Sponsorship of Awareness Campaign Pfizer - GP Educational Programme - Grant SRS Storybook Campaign Diurnal - Pens/Support Line Merck Serono Limited - GP Educational Programme Sotos Storybook Campaign Total of funds |
Balance at 1 July 2023 £ 1,489 122,806 124,295 4,910 6,150 1,000 - 2,645 2,000 - - - - - - 16,705 141,000 |
Income £ - 134,316 134,316 - - 1,000 5,000 - - 12,600 5,000 120 5,000 5,000 50 33,770 168,086 |
Expenditure £ - (114,829) (114,829) - (867) (1,678) (3,333) (440) (2,000) - (3,333) - (5,000) (3,334) (50) (20,035) (134,864) |
Balance at 30 June 2024 £ 1,489 |
|---|---|---|---|---|
| 142,293 | ||||
| 143,782 | ||||
| 4,910 5,283 322 1,667 2,205 - 12,600 1,667 120 - 1,666 - |
||||
| 30,440 | ||||
| 174,222 |
Page 25
Docusign Envelope ID: E7F8BDDB-D1D5-4D08-A03B-42F7D00CDE3B
CHILD GROWTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
18. Summary of funds
Summary of funds - current year
| Balance at 1 July 2024 £ Designated funds 1,489 General funds 142,293 Restricted funds 30,440 174,222 |
Income £ Expenditure £ - - 73,661 (134,967) 15,000 (20,178) 88,661 (155,145) |
Transfers in/out £ (1,489) 1,489 - - |
Balance at 30 June 2025 £ - 82,476 25,262 |
|---|---|---|---|
| 107,738 |
Summary of funds - prior year
| Designated funds General funds Restricted funds |
Balance at 1 July 2023 £ 1,489 122,806 16,705 141,000 |
Income £ - 134,316 33,770 168,086 |
Expenditure £ - (114,829) (20,035) (134,864) |
Balance at 30 June 2024 £ 1,489 142,293 30,440 |
|---|---|---|---|---|
| 174,222 |
19. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2025 £ Fixed asset investments 1,000 Current assets 94,724 Creditors due within one year (13,248) Total 82,476 |
Restricted funds 2025 £ - 25,262 - 25,262 |
Total funds 2025 £ 1,000 119,986 (13,248) |
|---|---|---|
| 107,738 |
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Docusign Envelope ID: E7F8BDDB-D1D5-4D08-A03B-42F7D00CDE3B
CHILD GROWTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
19. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Tangible fixed assets Fixed asset investments Current assets Creditors due within one year Total |
Unrestricted funds 2024 £ 246 1,000 156,308 (13,772) 143,782 |
Restricted funds 2024 £ - - 30,440 - 30,440 |
Total funds 2024 £ 246 1,000 186,748 (13,772) 174,222 |
|---|---|---|---|
20. Related party transactions
There was a balance outstanding of £8,674 (2024: £8,674) due to CGF Products Limited (the Foundation's wholly owned subsidiary) at the year-end comprising an interest free loan from CGF Products Limited.
Page 27