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2024-12-31-accounts

GioHin80 klOPE KJT)as cross ANNUAL REPORT 2024

Growin8@ HOPE Kjnas cross ANNUAL REPORT 2024

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Contents

Growing Hope King’s Cross Annual Report 2024

The Past Year

2

CLINIC MANAGER’S LETTER

It has been a privilege to support so many new local families in 2024, and to reconnect with some familiar faces that have returned to the clinic. Growing Hope King’s Cross has a fantastic team of therapists that offer therapy sessions and family support groups. This year we have expanded our music therapy provision in response to an increased demand from referrals for support and there have been some other changes to the team. In the spring term, Joanna Hyde took on a role as a permanent member of the team doing music therapy, Reb du Preez and Naomi Fox finished in their roles as occupational therapists and Karen Powell joined as an occupational therapist.

As always, we continue to be grateful for the support that we have received this year from our dedicated team of trustees, volunteers, therapists, and support staff. We are also thankful for our ongoing partnerships with and support from King’s Cross Church (KXC) and the Growing Hope national charity. Their help is hugely appreciated and has enabled Growing Hope King’s Cross to continue to thrive.

Abi Page, Clinic Manager, Growing Hope King’s Cross

CHAIR OF TRUSTEES’ LETTER

It’s been another eventful year for Growing Hope King’s Cross. Hearing the numerous uplifting stories of children and families who have benefited from Growing Hope King’s Cross has been truly inspiring and I would like to thank our Clinic Manager, Abi Page, and all our therapists for their invaluable work throughout the year to make this happen.

We’re grateful for Reb du Preez and Naomi Fox for their dedicated clinic support over the past several years, and we are thrilled to welcome Joanna Hyde and Karen Powell to the team. On behalf of the charity, I extend my heartfelt thanks to everyone who has generously supported Growing Hope King’s Cross in 2024.

Rhianna Connolly, Chair of Trustees, Growing Hope King’s Cross

Hope for Children, Hope for Famil es, Hope in JesusHope for Children, Hope for Families, Hope in Jesus

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CEO’S LETTER

2024 has been a year of tremendous growth for Growing Hope and it brings me such joy to see our impact in the lives of so many children with additional needs and their families. Our national team has expanded to 13 members, and I’m deeply inspired by the team and by the way that God has brought everyone together. And I’m so proud of the therapists, whose hard work, care and passion bring hope to families through our free services.

In June we launched our accessibility award for schools, which champions schools to create communities of welcome where all students can thrive. We’re delighted to have opened Growing Hope Maidstone in November and look forward to launching our next clinics in Redbridge, Solent, York and Farnham in 2025.

We have seen another year of miraculous provision and incredible generosity from our supporters and donors. I want to extend our heartfelt thanks to all those who have given their time, talents and finances, which makes it possible for us to continue our mission of setting up 20 clinics by 2030, so more families can access free, life-changing therapy across the UK.

Dr Naomi Fox, Founder and CEO, Growing Hope

TRUSTEES’ REPORT

The Board of Trustees presents its report and financial statements for the year 1 January 2024 - 31 December 2024 together with the Independent Examiner’s Report. Growing Hope King’s Cross was registered with the charity commission as a CIO on 13 December 2017, charity number 1176251; 2024 was the seventh financial period of the charity. Our current trustees are Rhianna Connolly (Chair), Jess Bradley, Timothy Bodey and Thomas Sharpe. In May, Jess Rodewald stepped down as ex-officio trustee, and in December David Straiton, Lauren Sibuns and Daniel Kheng stepped down as trustees, we would like to thank Jess, David, Lauren and Daniel for their service and dedication to Growing Hope King’s Cross.

We are confident that Growing Hope King’s Cross has carried out its charitable objectives in 2024 and acted in the interests of the public benefit. We have referred to the Charity Commission’s guidance on reporting on public benefit when preparing this annual report.

Growing Hope King’s Cross Annual Report 2024

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In 2024...

More than

1 in 6

children in England have an additional need¹

3/4

parent carers have to give up employment due to lack of support available²

2/5

siblings of children with additional needs face difficulties with their own mental health³

parents and 187 carers supported through therapy sessions and courses

159 children supported through direct therapy at Growing Hope King’s Cross

1 Circle of Security course run for parents and carers

3 When Dreams Change courses run for parents and carers

2 Siblings Group courses run for brothers and sisters of children with additional needs

83% of GAS goals achieved by children and young people

----- Start of picture text -----
77%
of GAS goals achieved
by parents, carers and
siblings
----- End of picture text -----

We use a combination of non-standardised feedback forms and a standardised measure, the Goal Attainment Scale (GAS). GAS is an outcome measure that is commonly used in research to show the effectiveness of therapy services. GAS enabled us to set three goals for each child and young person in a conversation between themselves, their parents and the therapist.

Hope for Children, Hope for Families, Hope in Jesus

5 Aims and Objectives

We are Growing Hope King’s Cross. We champion accessibility and provide free therapy for children and young people with additional needs in living in Camden and Islington, in partnership with King’s Cross Church (KXC).

HOPE FOR CHILDREN

We bring hope to children through offering free therapy services.

HOPE FOR FAMILIES

We grow hope for families where hope has been lost due to isolation or rejection.

HOPE IN JESUS

We share hope in Jesus because He brings hope even in the most difficult situations.

In accordance with its charity constitution, Growing Hope King’s Cross has sought to achieve the following aims and objectives in the year dated 1 January 2024 to 31 December 2024.

The advancement of health and wellbeing for the public benefit by the provision of a therapy clinic run in accordance with Christian principles for children and young people (0-18) with additional needs and their families living in Camden and Islington. In particular, but not exclusively by:

Growing Hope King’s CrosGrowing Hope King’s Cross Annual Report 2024 An ual Report 2024

Who’s Who

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members and two freelancers, and across the year we have been joined by nine volunteers who have supported our work through administrative tasks, fundraising activity and technology development.

Abi Page, Clinic Manager and Speech and Language Therapist Joanna Hyde, Music Therapist Karen Powell, Occupational Therapist Beth Marsden, Speech and Language Therapist Jess Bond, Freelance Children’s Counsellor Farah Soda, Freelance Administrator

KEARNO’S STORY

Kearno came to Growing Hope King’s Cross for occupational therapy sessions. He enjoys exploring, but sometimes feels like the world has too many exciting things that need to be done all at once! Activities which include deep pressure over his whole body, like crawling through a stretchy Lycra tunnel, help him to feel calm, and safe in his own skin, making concentrating on new activities easier.

Hope for Children, Hope for Families, Hope in JesusHope for Children, Hope for Families, Hope in Jesus

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Hope For Children

We have provided free occupational therapy, speech and language therapy and music therapy in King’s House, KXC’s building in King’s Cross.

We have provided therapy for 159 children and young people.

We support children and families to work on goals which are meaningful to them and help them to reach their full potential. Examples of goals have been emotional regulation, attention and listening, social skills, toileting, dressing and eating.

83% of therapy goals have been achieved.

Hope For Families

We have run:

3 When Dreams Change courses, for a total of 19 parents and carers. When Dreams Change is a four-week course that aims to help parents and carers reflect on their experience of having a child with additional needs and to become more of the person they have been created to be.

2 Siblings Group courses, for a total of 6 siblings. The Siblings Group is a seven-week course that aims to enable brothers and sisters of children with additional needs to share their experiences of being a sibling and connect with other children with similar experiences.

1 Circle of Security course for a total of 8 parents and carers. This course supports parents in enabling their children to develop secure attachments.

27 fortnightly training sessions for parents and carers on a variety of topics, hosted by our therapists in partnership with Growing Hope, Brockley and High Wycombe. 375 parents and carers have signed up to these sessions.

77% of goals have been met within our courses.

Growing Hope King’s Cross Annual Report 2024Growing Hope King’s Cross Annual Report 2024

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Hope In Jesus

We believe Jesus brings hope even in the most difficult situations. We always offer to pray for families at the end of each therapy session, many families have taken up this offer and it has been a privilege to see answers to prayer. Our Clinic Manager Abi Page also has a role in the KXC staff team offering advice, support and championing accessibility across the wider church community. This includes working on a Sunday to support families to access church with the help of Growing Hope champions. We now have team available at two of the Sunday services each week, which has increased our capacity to support more families to attend.

This year we have had a team of eight Growing Hope champions serving alongside the kids and youth ministry to help families feel welcome. It has been great to see families that have previously found it difficult to attend church and have reported feeling isolated, come along and find a supportive community.

Growing Hope is open to individuals of all faiths and backgrounds and there is no pressure to participate in the faith aspects of our service.

SIBLING’S GROUP STORY

We had a great time in Siblings Group! For our last session, we enjoyed a celebration session eating yummy cookies that matched the animal puppets we have been using. Over the weeks we have explored our feelings of being a sibling of a child with additional needs and of course played lots of fun games in between!

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Demographics*

----- Start of picture text -----
57% Christian
21% Muslim
12% No religion
Religion
5% Christian non-practising
4% Buddhist
1% Other
30% Black / Black British
20% White / White British
20% Other
Ethnicity
14% White Other
11% Asian / Asian British
5% Mixed
Household income
46%
31%
15%
2% 6%
Household Income
£10,001-£20,000 Over £40,000
£20,001-£30,000 £30,001-£40,000
Percentage of Families
Under £10,000
----- End of picture text -----

*Demographic data for individuals referred to our service, from anonymous forms completed by parents and carers. Some parents/carers may have completed more than one form if they have attended multiple events.

Growing Hope King’s Cross Annual Report 2024

Financial Review

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The trustees present an overview of the charity’s finances for the period 1 January 2024 to 31 December 2024. We are grateful to Emma Bird, who continues to run our Gift Aid claims as a volunteer. Growing Hope King’s Cross currently runs with both restricted and unrestricted funding. Funds left in reserve at the end of the financial period: £55,346.

Management of Financial Risk

We aim to hold at least three months of our outgoings in reserve. We raise our income through regular giving, fundraising events and grants. We aim to increase regular giving in order to have further sustainable finances to enable us to provide our therapy services.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102. The full financial statements are found at the end of this report (p.13).

Income and Expenditure

We received an income of £89,879

We had an expenditure of £131,475

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Supporter Engagement and Fundraising

We raise money at key points in the year through the Big Give Christmas Challenge, community fundraising, a fundraising dinner and grants. We’re grateful for all the support we have received from our generous supporters. More details are in the accounts.

Grants received:

SANNA’S STORY

Sanna came to Growing Hope King’s Cross for occupational therapy. Her mum was delighted to share some videos with us of her amazing progress. She has learnt to feed herself using a spoon, is no longer scared of the movement apparatus in the park and is even practicing using her hands together to cut tomatoes - using a special children’s knife that her mum bought for her. The more Sanna moves, the more her brain is able to coordinate the left and right sides of her body, making daily activities like eating, food preparation, and playing in the park, a lot easier.

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Structure and Governance

Growing Hope King’s Cross is a registered Charitable Incorporated Organisation (CIO) in England and Wales and is run in accordance with its charity constitution. Growing Hope King’s Cross works in collaboration with King’s Cross Church (KXC) and Growing Hope National. As a CIO, if Growing Hope King’s Cross is wound up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. The trustees also hold Trustee Indemnity insurance of £100,000 for Executive Risks. Insurance is provided via Growing Hope National charity (policy number CC009584).

Abi Page, as the Clinic Manager, attends Growing Hope King’s Cross trustee meetings but is not party to any decisions regarding her salary or employment.

Growing Hope King’s Cross trustees are members of the CIO and appointed by a resolution at trustee meetings. They are responsible for governance of Growing Hope King’s Cross, ensuring it is meeting its charitable purposes.

Risk Management

The trustees take risk management seriously and have identified the following risks and put in place processes to mitigate them. We have policies in place to mitigate any risks in the following areas: financial risk, IT security and protection, safeguarding, health and safety and comprising Christian identity and values. All of these can be accessed on our website.

The Year Ahead

The Growing Hope King’s Cross clinic has a small, dedicated team of part-time therapists. With the recent increases in referrals (which have doubled in the last year), our service is stretched to capacity. We are currently praying for more funding and provision to enable us to increase staffing and expand our therapy services in the next year, to respond to the needs of local families and increase our capacity to provide therapy and run more family support groups and courses.

References

  1. Gov.UK. 2024. Special educational needs in England. [Online]. [30 January 2025]. Available from: https://exploreeducation-statistics.service.gov.uk/find-statistics/special-educational-needs-in-england

  2. Learning Hub, Failed and Forgotten , 2023, Disabled Children’s Partnership. Available at: https:// disabledchildrenspartnership.org.uk/wp-content/uploads/2023/03/Failed-and-Forgotten-DCP-report-2023.pdf

  3. Raising Kids Research , 2022, Family Fund, Available at: https://www.familyfund.org.uk/impact/research-reports/ raising-kids/

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Financial Report

Growing Hope King’s Cross Reference and administrative details For the year 1 January 2024 – 31 December 2024

Trustees:

Rhianna Connolly (Chair) appointed 18 July 2022 Jessica Bradley appointed 12 May 2024 Timothy Bodey appointed 1 December 2024 Thomas Sharpe appointed 1 December 2024 Jessica Rodewald (ex-officio) appointed 14 May 2023, resigned 12 May 2024 David Straiton appointed 29 October 2017, resigned 1 December 2024 Lauren Sibuns appointed 15 April 2018, resigned 1 December 2024 Daniel Kheng appointed 15 August 2019, resigned 1 December 2024

Key Management Personnel:

Abigail Page, Clinic Manager

Registered Principal office:

King’s House, 242 Pentonville Road, London N1 9JY

Charitable Incorporated Organisation (CIO) number: 1176251

Bankers:

NatWest 135 Bishopsgate London EC2M 3UR

Independent Examiner: Heather Rayner FCA

Growing Hope King’s Cross Annual Report 2024

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Growing Hope King’s Cross Independent Examiner’s Report to the Trustees For the year 1 January 2024 to 31 December 2024

I report to the charity trustees on my examination of the accounts of the charity for the period 1 January 2024 to 31 December 2024 which are set out on pages 15-27.

Responsibilities and Basis of Report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts did 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.

Signed Heather Rayner FCA 31 Freston Gardens, Barnet Herts EN4 9LX

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Growing Hope King’s Cross Statement of Financial Activity For the year ended 31 December 2024

Note
INCOME FROM:
Voluntary Income
Grant Income
Activities for
Generating Funds
Other sourced income
TOTAL INCOME:
2
EXPENDITURE ON:
Raising Funds
Charitable Activities
3
NET INCOME /
(EXPENDITURE)
BEFORE TRANSFER OF
FUNDS
Transfer between
funds
NET MOVEMENT IN
FUNDS		 Unrestricted
Funds
Restricted
Funds
TOTAL
FUNDS
TOTAL
FUNDS
2024
2023
£
£
£
£
52,922
0
52,922
52,353
6,500
10,500
17,000
69,561
7,877
0
7,877
8,960
12,080
0
12,080
18,119
79,379
10,500
89,879 148,993
3,412
0
3,412
2,640
117,594
10,470
128,063
115,275
121,005
10,470
131,475
117,916
(41,626)
30
(41,596)
31,077
0
-
0
0
(41,626)
30
(41,596)
31,077

Growing Hope King’s Cross Annual Report 2024

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1
Note
Balances brought forward at
1 January 2024
BALANCES CARRIED FORWARD AT
31 DECEMBER 2024		 Unrestricted
Funds
Restricted
Funds
TOTAL
FUNDS
TOTAL
FUNDS
2024
2023
£
£
£
£
88,142
8,800
96,942
65,866

46,516
8,830
55,346
96,942

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Balance Sheet as at 31st December 2024

Note
FIXED ASSETS
Clinic and IT Equipment
4
CURRENT ASSETS
Bank Account
Other Debtors
5
LIABILITIES - Creditors due within one year
Other Creditors
6
Total Creditors due within one year
NET CURRENT ASSETS
NET ASSETS
RESERVES
(Defcit) / Surplus for the year
Brought forward balance
FUNDS
Unrestricted
Restricted
9		 2024
2023
£
£
132
265
132
265
57,458
101,529
2,828
505
60,286
102,034
(5,072)
(5,357)
(5,072)
(5,357)
55,214
96,677
55,346
96,943
(41,596)
31,077
96,942
65,865
55,346
96,942
46,516
88,142
8,830
8,800
55,346
96,942

Growing Hope King’s Cross Annual Report 2024

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The financial statements were approved by the Board of Trustees on: 17 May 2025

Approved by Board of Trustees and signed on its behalf by:

Rhianna Connolly Chair of Trustees

Thomas Sharpe Finance Trustee

The notes on pages 19 to 27 form part of these financial statements.

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Growing Hope King’s Cross Notes to the Financial Statements For the year 1 January 2024 to 31 December 2024

1.Accounting Policies

Incorporation

Growing Hope King’s Cross was registered in England and Wales with the Charity Commission as a CIO Foundation on 13 December 2017. These financial statements are for the period 1 January 2024 to 31 December 2024.

Basis of preparation

The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Charity is a public benefit entity for the purposes of FRS 102 and therefore the charity also prepared its financial statements in accordance with the 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 Charities SORP) and the Charities Act 2011.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements are prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Going concern basis

The trustees have assessed whether the use of going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of these financial statements. In particular, the trustees have considered the charity’s forecasts and projections and have taken account of pressure on income. After making enquiries, the trustees have concluded that there is a reasonable expectation that the charity has adequate resources to

Growing Hope King’s Cross Annual Report 2024

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continue in operations existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing financial statements.

Income

Income is recognised in the period which it was receivable. Also included is the estimated value of gifts in kind and goods or services donated to the charity where the amounts are material, readily quantifiable and measurable. Such estimates are based on the market price the charity would otherwise have paid. Grants are accounted for in the charity under the accruals model as permitted by FRS 102. The deferred element of the grant is included in creditors as deferred income. Grants of a revenue nature are recognised in the SOFA in the same period as the related expenditure.

Expenditure

Direct charitable expenditure comprises all expenditure relating to the activities carried out to achieve the objectives.

Expenditure is allocated directly to the expenditure headings as far as practically possible to reflect the activities of the charity. Support costs have been allocated to the activities based on employee time spent on that activity.

Expenditure is included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered. 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.

Fund accounting

Restricted funds are subject to restrictions imposed by the donor. These are accounted for separately from unrestricted funds. The movements on restricted funds in the period 1 January 2024 to 31 December 2024 are shown in note 11 to the accounts.

Unrestricted funds are those which are not subject to restrictions, and any surpluses may be applied in furtherance of any of the charity’s objectives.

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Cash and cash equivalents

Cash and cash equivalents include cash at banks and in hand and short-term deposits with a maturity date of three months or less.

Debtors and creditors

Debtors and creditors receivable or payable within one year of the reporting date are carried at their at transaction price. Debtors and creditors that are receivable or payable in more than one year and not subject to a market rate of interest are measured at the present value of the expected future receipts or payment discounted at a market rate of interest.

Tangible fixed assets and depreciation

Tangible fixed assets costing less than £500 are not capitalised and are written off in the year of purchase. Depreciation is provided to write off the cost of the fixed assets over their estimated useful lives. A full year’s depreciation is charged in the year of purchase. Depreciation is charged at the following annual rates:

Computer and Office Equipment: 4 Years straight line Clinic Equipment: 4 Years straight line

Pension

The charity operates a defined contribution stakeholder pension scheme. The assets of the scheme are held separately from the charity.

Critical accounting estimates and areas of judgement

The annual depreciation charge for property, plant and equipment is sensitive to change in useful economic life and residual values of assets. These are reassessed annually.

In the view of the trustees in applying the accounting policies adopted, no other judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.

Growing Hope King’s Cross Annual Report 2024

Growing Hope King’s Cross Annual accounts 1 Jan 2024 - 31 Dec 2024

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2. Income

2. Income
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
2024 2023
£ £ £ £ £ £
Voluntary 50,094 0 50,094 52,353 0 52,353
Income
Regular 26,763 26,763 32,006 0 32,006
giving
One of giving 3,120 3,120 1,352 0 1,352
Gift Aid 8,070 8,070 8,123 0 8,123
Donations 14,968 14,968 10,873 0 10,873
from other
Organisations
Grants 6,500 10,500 17,000 - 69,561 69,561
Grants 6,500 10,500 17,000 - 69,561 69,561
Fundraising 7,877 0 7,877 8,960 0 8,960
Income
Growing Hope 5,381 5,381 8,221 0 8,221
Ball
Marathon 2,496 2,496 739 0 739
Campaigns 12,080 0 12,080 18,119 0 18,119
Services and 12,080 0 11,983 17,723 0 17,723
Sales
Campaigns 11,983 0 11,983 17,723 0 17,723
Training & 97 0 97 396 0 396
consultancy
Total Income 79,379 10,500 89,879 79,432 69,561 148,993

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3. Expenditure

3
3. Expenditure
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
2024 2023
£ £ £ £ £ £
Office and 1,770 0 1,770 919 104 2,231
Administration
Costs
Advertising 56 0 56 24 0 24
Printing, 215 0 215 119 0 119
Postage and
Stationery
General Office 397 0 397 243 104 347
Costs
Phone Costs 572 0 572 400 0 400
Rent 251 0 251 0 0 0
Depreciation 133 0 133 133 0 133
Charge
Computer 146 0 146 0 1,209 1,209
Equipment not
Capitalised
Clinic Expenses 1,259 40 1,299 499 836 1,334
Direct costs
Clinic 458 0 458 208 836 1,044
Equipment/
Assessment
Tools
DBS 0 0 0 85 0 85
External 730 0 730 96 0 96
Projects
Volunteer 26 0 26 29 0 29
Hospitality
WDC and 44 40 84 81 0 81
Sibling Group

Growing Hope King’s Cross Annual Report 2024

24

Fundraising 3,412 0 3,412 2,640 0 2,640
Costs
Ball Expenses 3,170 0 3,170 2,124 0 2,124
Other Costs of 242 0 242 516 0 516
Raising Funds
Contribution to 6,000 0 6,000 6,000 0 6,000
Other Charities
Donation to 6,000 0 6,000 6,000 0 6,000
Growing Hope
National (Note
7)
Salaries and 108,565 10,430 118,995 44,122 61,587 105,709
HR
Wages and 94,810 7,821 102,631 25,366 53,681 79,047
Salaries
National 3,827 709 4,536 2,608 2,608
Insurance
costs
(Employer
costs)
Pension Costs 4,476 370 4,847 3,941 3,941
(Employer
costs)
Freelance 3,010 1,530 4,540 10,487 6,261 16,748
Consultants
Finance & HR 1,200 0 1,200 1,200 1,200
Staf Training 1,242 0 1,242 520 1,645 2,165
Total 121,005 10,470 131,475 54,180 62,527 117,916
Expenditure

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Growing Hope King’s Cross Annual accounts 1 Jan 2024 - 31 Dec 2024 25

4. Fixed Assets
Actual cost/Revalued cost At 1 January 2024
Additions
At 31 December 2024
Depreciation At 1 January 2024
Charge for the year
At 31 December 2024
Net Book Value At 1 January 2024
Depreciation
At 31 December 2024
5. Debtors
Other debtors and accrued income
Total
6. Creditors (amounts falling due less than one
year)
Deferred Income - Grant		 2024
£
1,375
0		 Clinic and IT
Equipment
2023
£

1,375

0
1,375
1,375
1,111
133
978

133
1,243
1,111
265
(133)

397

(133)
132
265
2024
£
2,828		 2023
£

505
2,828
505
2024
£
5,000		 2023
£

5,000

Growing Hope King’s Cross Annual Report 2024

Other Creditors 72 357 26
Total Current Liabilities 5,072 5,357
7. Donations to Other Charities 2024 2023
Recipient £ £
Growing Hope 6,000 6,000

8. Related Parties

Growing Hope King’s Cross received a total of £2,400 unrestricted donations from its trustees in 2024 (2023 = £10,530)

9. Analysis of Asset by Fund
Cash & Deposit Balances
Debtors
Fixed Assets
Total Assets
Current Liabilities		 Unrestricted
Funds
Restricted
Funds
TOTAL
FUNDS
£
£
£
48,628
8,830
57,458
2,828
0
2,828
132
0
132
51,588
8,830
60,418
(5,072)
0
(5,072)
46,516
8,830
55,346

10. Staff

No employee was paid at the rate of more than £60,000

2024 2023
Average Employees during the period 4 3

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11. Restricted Funds Balance as Income **Expenditure ** Balance as at
at 1 Jan 2024 31 Dec 2024
Funder £ £ £ £
The Charles S French 0 5,000 5,000 0
Charitable Trust
Benefact Trust 7,800 0 3,900 3,900
Tesco Stronger Starts - 1,000 0 1,000 0
Groundwork
St. Andrew Holborn and
Staford’s Charity		 0 5,500 570 4,930
Total 8,800 10,500 10,470 8,830

A grant of £5,000 was received in the year from London Catalyst for use in 2025 and is included as deferred income in creditors.

12. Fees payable to Independent Examiner

The independent examiner did not charge for their services.

13. Trustee Expenses

None of the trustees of the charity received any remuneration during the current period.

No travel and subsistence expenses were incurred by trustees in the course of carrying out their duties, and so no reimbursements were made in the year.

Growing Hope King’s Cross Annual Report 2024

31

© Growing Hope® King’s Cross

Registered charity number 1176251 (England & Wales)

growinghope.org.uk/kings-cross

Growing Hope King’s Cross, King’s House, 242 Pentonville Road, London, N1 9JY

Email: kingscross@growinghope.org.uk Phone: 07734 858876

Photographs: Naomi Wilde

Growing Hope King’s Cross Annual Report 2024