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2024-12-31-accounts

GioHin80 HOPE. ANNUAL REPORT 2024 LAIJ

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Contents

Growing Hope Annual Report 2024

The Past Year

4 4

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

CHAIR OF TRUSTEES’ LETTER

I was delighted to join the board of trustees in April 2024. I had met Naomi in my role as CEO of the Royal College of Occupational Therapists and was inspired by the fantastic work of Growing Hope, so it is a real privilege to become more involved.

We know that 1 in 6 children in the UK have special needs and I have experience of this in my own family. I’m proud to see how in 2024 we are making a difference in the lives of 321 children and their families who we supported in our clinics. But with so much need there is a much bigger role that we can play. That is why it’s been encouraging to see the growth of the charity over the last few months. We’re in a good position to expand the number of local partnerships and provide more support to families. Thank you to everyone who is involved in supporting Growing Hope, through volunteering, praying and giving. The board of trustees is so grateful for everyone’s contribution to our vital mission and we look forward to an exciting future together.

Steve Ford, Chair of Trustees

Hope for Children, Hope for Families, Hope in Jesus

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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 was registered with the charity commission as a CIO on 19 December 2017, charity number 1176358; 2024 was the seventh financial period of the charity. Free unrestricted funds as of 31st of December 2024 were £127,345. In April, Steve Ford was appointed as the Chair of Trustees, and Richard Beasley was appointed as an additional trustee. Francesca Robertson and Ishmael Evans stepped down as trustees in July and December respectively. We would like to thank Francesca and Ishmael for their service and dedication to Growing Hope. Our trustee board continues to govern the charity. Our current trustees are:

Steve Ford (Chair) Paul Nye Richard Beasley Joojo Kyei-Sarpong Bambi French Lois Tackie-Oblie

As trustees we are confident that we have followed our charitable objectives this year and have seen change for the public benefit. We have referred to the Charity Commission’s guidance on reporting on public benefit when preparing this annual report. We have continued our focus on developing our model, policies and procedures alongside the national team in order that we can meet the vision to set up 20 clinics across the UK by 2030.

CONNOR’S STORY

Connor came to Growing Hope High Wycombe for music therapy where he worked so hard towards his goals, finding new ways to express his feelings through music and art and sharing them with his parents so that they can understand and support him more.

Connor's mum said, "Our therapy sessions have

been life changing for our family. The work that Connor has done with the therapist has enabled him to understand that his big feelings are okay and have given us strategies to support him. The time he has had at Growing Hope has seen him flourish in confidence with an adult outside of our family unit."

Growing Hope Annual Report 2024

In 2024...

More than

3/4 parent carers have to give up employment due to lack of support available²

6

1 in 6

children in England have an additional need1

parents and 454 carers supported through training and courses

766 individuals received accessibility training

2/5

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

321 children supported through direct therapy at our clinics

Accessibility 13 Awards awarded to churches and schools across the UK

59 facilitators trained to run When Dreams Change and Siblings Group courses

We use a combination of non-standardised feedback forms and a standardised measure, the Goal Attainment Scale (GAS). GAS is 81% 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 of GAS goals achieved by children and young in a conversation between themselves, their people parents and the therapist.

Hope for Children, Hope for Families, Hope in Jesus

7 Aims and Objectives

We are Growing Hope. We champion accessibility and provide free therapy for children and young people with additional needs in partnership with local churches.

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 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 through support for therapy clinics run in accordance with Christian principles for children and young people (0-18) with additional needs and their families through local churches across the UK. In particular, but not exclusively by:

  1. partnering with churches across the UK to set up clinics and health and wellbeing services.

  2. providing oversight, funding and support for set-up, training, and clinical supervision for locally run clinics and other such activities as the trustees may from time to time think fit.

  3. raising awareness and providing training for external organisations of how to include and support children with additional needs and their families.

  4. the advancement of the Christian faith through engaging in discussion about Christian faith and doctrine and offering prayer and other such activities as the trustees may from time to time think fit.

Click here to watch The Story of Growing Hope video

Growing Hope Annual Report 2024Growing Hope Annual Report 2024Growing Hope Annual Report 2024

Growing Hope Annual Report 2024Growing Hope Annual Report 2024Growing Hope Annual Report 2024

Who’s Who

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This year the Growing Hope team has grown to 13 staff members, and across the year we have been joined by 9 volunteers who have supported our work through administrative tasks, events, fundraising activity and technology development.

Dr Naomi Fox, Founder and CEO

Vicki Smith, Executive Director of Services Andrea Marshall, Director of Operations Andy Stevens, Director of Growth

Lucy Stevens, Executive Assistant

Jennie Prentice, Network Development Manager

Becki Hurdle, Fundraising Manager

Naz Wilde, Communications Officer

Anna Brown, Design and Campaigns Officer

Cordelia Providence, Supporter Engagement Officer Sara Nabatanzi, Senior Finance Officer Karen Powell, Training and Development Officer Emily Rogers, Operations Officer

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.

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 therapy for 321 children and young people across our clinics.

Our clinics 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.

86% of therapy goals have been achieved.

We have continued to support the running of Growing Hope King’s Cross, Growing Hope Brockley, Growing Hope High Wycombe and the set-up of Growing Hope Maidstone and Growing Hope Redbridge. We have developed our coaching, training and resources to support our existing clinics and enable further clinics to be set-up. These clinics positively impact the lives of children and young people through free therapy provision.

GREY’S STORY

Grey came to Growing Hope Brockley for occupational therapy and he loved his sessions. Grey practiced using a knife and spoon by feeding his doll some Play-Doh and by the end of the sessions he began using his cutlery at home to eat. Grey and his mother also learnt some fun games to play at home to help his overall gross and fine motor development.

Hope for Families

We have run:

8 When Dreams Change facilitator training sessions where we have trained 41 new facilitators. Our facilitators have run 20 When Dreams Change courses across the country, 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.

Growing Hope Annual Report 2024

1010

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, several families have taken up this offer and it has been a privilege to see answers to prayer. Our Clinic Managers also work on Sundays to support families to access church with the help of Growing Hope champions. This year we have had 18 Growing Hope champions serving alongside children and youth ministry to help families feel welcome across our clinics.

Across our clinics, we have seen 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.

Hope for Children, Hope for Families, Hope in Jesus

11 Demographics*

----- Start of picture text -----
49% Christian
19% Muslim
15% No Religion
Religion 11% Christian Non-practising
2% Sikh
2% Other
2% Hindu
40% White / White British
17% Black / Black British
15% Asian / Asian British
Ethnicity
12% White Other
10% Other
6% Mixed
Household income
33%
24%
22%
11%
8%
Household Income
Over £40,000
£20,001-£30,000
£30,001-£40,000
Percentage of Families Under £10,000 £10,001-£20,000
----- End of picture text -----

*Demographic data for individuals referred to our services, 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 Annual Report 2024

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Financial Review

We are very grateful for the work of Sarah Nabatanzi, our Senior Finance Officer. We continue to employ the services of payroll provider, D & A Hill. We are grateful to Emma Bird, who continues to run our Gift Aid claims as a volunteer. The trustees present an overview of the charity’s finances for the period 1 January 2024 to 31 December 2024. Growing Hope currently runs with both restricted and unrestricted funding. Funds left in reserve at the end of the financial period: £140,585, of which £131,900 are considered free reserves.

Income and Expenditure

Management of Financial Risk

We received an income of £520,217

We had an expenditure of £513,341

We aim to hold at least three months of our outgoings in reserve, plus an additional £5,000 which can be used as emergency funding for clinics if needed. We raise our income through giving, training and consultancy, fundraising events, and grants. We aim to sustain our income through training and consultancy and giving from local Growing Hope clinics who give £500 a month after they have been running for a year. 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.14).

Hope for Children, Hope for Families, Hope in Jesus

13 Supporter Engagement and Fundraising

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

GRANTS RECEIVED

We were also thrilled to have been a finalist at the Occupational Therapy Excellence Awards, where we received an Award of Merit within the Excellence in the Charity Sector category.

This year we attended the House of Lords for the Christian Funders Forum’s Showcase 2024, where we were awarded the Youth Impact Award for our work supporting young people across the UK. We are very grateful to Benefact Trust and the Christian Funders Forum for this recognition and for the way they support pioneering Christian charities.

Growing Hope Annual Report 2024

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Structure and Governance

Growing Hope is a registered Charitable Incorporated Organisation (CIO) in England and Wales and is run in accordance with its charity constitution. Growing Hope works in collaboration with the local Growing Hope charities which also have CIO status. As a CIO, if Growing Hope 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 Trustees Indemnity Insurance of £100,000 for Executive Risks (policy number CC009582).

Naomi Fox, CEO and Founder, and Vicki Smith, Executive Director of Services attend the trustee meetings. They are not party to any decisions regarding their salaries or employment.

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

The Year Ahead

In 2025, we look forward to launching three new clinics and partnering with new churches, to extend our impact for children with additional needs and their families across the UK. We also look forward to equipping more churches and organisations to become places for welcome for everyone through our accessibility awards and training.

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.

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/

Hope for Children, Hope for Families, Hope in Jesus

15[Financial Report]

Growing Hope Reference and Administrative Details For the year 1 January 2024 – 31 December 2024

Trustees:

Steve Ford (Chair), appointed 30 April 2024 Paul Nye appointed 4 November 2018 Bambi French appointed 16 August 2021 Joojo Kyei-Sarpong 24 November 2021 Richard Beasley appointed 30 April 2024 Ishmael Evans appointed 07 March 2022, resigned 30 December 2024 Francesca Robertson appointed 28 June 2019, resigned 2 July 2024

Key Management Personnel:

Dr Naomi Fox (née Graham), Founder & CEO Victoria Smith, Executive Director of Services Andrea Marshall, Director of Operations Andy Stevens, Director of Growth

Registered Principal office:

390 Caledonian Road, London, N1 1DN

Charitable Incorporated Organisation (CIO) number: 1176358

Bankers:

NatWest 135 Bishopsgate London EC2M 3UR

Independent Examiner: Frank Harper, ACMA

Growing Hope Annual Report 2024

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

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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 16-30.

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

Since the charity’s income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ACMA, which is one of the listed bodies. 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,

Frank Harper, ACMA Falmoor, 29 Meriden Road, Hampton in Arden, B92 0BS

Hope for Children, Hope for Families, Hope in Jesus

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Growing Hope 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 and Interest
TOTAL INCOME:
2
EXPENDITURE ON:
Raising Funds
Charitable Activities
3
NET INCOME /
(EXPENDITURE) BEFORE
TRANSFER OF FUNDS
NET MOVEMENT IN
FUNDS
Balances brought
forward at 1
January 2024
BALANCES
CARRIED FORWARD
AT 31 DECEMBER
2024		 Unrestricted
Funds
Restricted
Funds
TOTAL
FUNDS
TOTAL
FUNDS
2024
2023
£
£
£
£
62,187
0
67,368
130,715
266,672
24,991
291,663
182,558
114,881
0
114,881
63,746
46,305
0
46,305
25,316
495,226
24,991
520,217
402,335
12,509
11,155
23,664
19,625
390,645
99,033
489,678
329,304
403,153
110,188
513,341
348,929
92,072
(85,197)
6,876
53,405
92,072
(85,197)
6,876
53,405
43,511
90,197
133,708
80,303
135,584
5,000
140,584
133,708

Growing Hope Annual Report 2024

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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 & Stock
5
LIABILITIES - Creditors due within one
year
Other Creditors
6
Total Creditors due within one year
NET CURRENT ASSETS
NET ASSETS
9
RESERVES
Surplus for the year
Brought Forward Balance
FUNDS
Unrestricted
Restricted
11		 2024
2023
£
£
3,685
1,605
3,685
1605
152,326
131,629
5,788
654
158,115
132,283
(21,215)
(180)
(21,215)
(180)
136,900
132,103
140,584
133,707
6,876
53,405
133,708
80,303
140,584
133,708
135,584
43,511
5,000
90,197
140,584 133,708

Hope for Children, Hope for Families, Hope in Jesus

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Balance Sheet as at 31st December 2024 (Continued)

The financial statements were approved by the board of Trustees on: 18 March 2025

Approved by and signed on its behalf by:

Steve Ford Chair of Trustees

Paul Nye Finance Trustee

The notes on pages 19 to 30 form part of these financial statements

Growing Hope Annual Report 2024

Growing Hope Notes to the Financial Statements For the year 1 January 2024 to 31 December 2024

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1. Accounting Policies

Incorporation

Growing Hope was registered in England and Wales with the Charity Commission as a CIO Foundation on 19 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), published on 16 July 2014. 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 as amended for accounting periods beginning after 1 January 2019.

The financial statements are prepared in sterling, which is the functional currency of the charity. 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 continue in operations existence for the foreseeable future. The charity

Hope for Children, Hope for Families, Hope in Jesus

21

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.

For multi-year income, incoming resources are recognised in the Statement of Financial Activities (SoFA) when the charity becomes unconditionally entitled to the income. Where incoming resources for multi-year grants are conditional, each year’s conditional income will be recorded within the SoFA in the year it is awarded.

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.

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 in restricted funds 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.

Growing Hope Annual Report 2024

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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 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 so as 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

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.

Hope for Children, Hope for Families, Hope in Jesus

2. Income

Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
2024 2023
£ £ £ £ £ £
Voluntary Income 67,368 0 67,368 130,715 0 130,715
Regular giving 28,903 28,903 21,284 0 21,284
One of giving 5,227 5,227 82,887 0 82,887
Gift Aid 21,633 21,633 25,201 0 25,201
Donations from 11,604 11,604 1,343 0 1,343
other Organisations
Grants 266,237 24,991 291,663 56,558 126,000 182,558
Grants 266,237 24,991 291,663 56,558 126,000 182,558
Fundraising Income 114,881 0 114,881 63,746 0 63,746
Growing Hope Gala 39,919 0 39,919 49,234 0 49,234
Dinner
Other Fundraising 74,962 0 74,962 14,512 0 14,512
Income
Services and Sales 43,712 0 43,712 24,384 0 24,384
Courses 12,891 0 12,891 4,607 0 4,607
Training & 21,277 0 21,277 18,071 0 18,071
consultancy
Clinical 356 0 356 975 0 975
Supervision/
coaching
Sales 9,189 0 9,189 730 0 730
Investment Income 2,593 0 2,593 99 833 932
Bank Interest 2,593 0 2,593 99 833 932
Total Income 495,226 24,991 520,217 275,502 126,833 402,335

Growing Hope Annual accounts 1 Jan 2024 - 31 Dec 2024

3. Expenditure

3. Expenditure
Unrestricted Restricted Total Funds Unrestricted Restricted Total Funds
Funds Funds Funds Funds
2024 2023
£ £ £ £ £ £
Ofce and Administration 42,824 3,663 46,487 25,078 331 25,409
Costs
Advertising & promotion 6,470 6,470 5,324 5,324
Depreciation 1,296 0 1,296 582 151 733
Ofce and general admin 10,673 3,663 14,337 4,650 4,650
Travel expenses 1,824 1,824 178 178
Phone cost 1,218 - 1,218 424 180 604
Equipment 1,677 1,677 172 172
Meeting expenses 249 249 - -
Rent 14,132 14,132 12,000 12,000
Professional fees 5,286 5,286 1,748 1,748

Growing Hope Annual accounts 1 Jan 2024 - 31 Dec 2024

3. Expenditure (Continued)

3. Expenditure (Continued)
Unrestricted Restricted Total Funds Unrestricted Restricted Total Funds
Funds Funds Funds Funds
2024 2023
£ £ £ £ £ £
Expenses 23,507 0 23,507 24,419 0 24,419
Insurance 5,793 5,793 4,789 4,789
DBS 1,190 1,190 61 61
Volunteer hospitality 432 432 1,347 1,347
Networking & Conferences 8,885 0 8,885 11,826 11,826
Consulting cost 3,145 3,145 2,078 2,078
Sibling Group & When 1,528 1,528 4,257 4,257
Dreams Change Costs
Other Expenses 2,534 2,534 60 60
Fundraising Costs 12,509 11,155 23,664 19,625 0 19,625
Cost of sales 179 0 179 316 0 316
Cost of fundraising 12,330 11,155 23,485 19,309 0 19,309

Growing Hope Annual accounts 1 Jan 2024 - 31 Dec 2024

Unrestricted Restricted Total Funds Unrestricted Restricted Total Funds
Funds Funds Funds Funds
2024 2023
£ £ £ £ £ £
Grants to new Growing 13,196 6,550 19,746 6,500 0 6,500
Hopes
Note 7 13,196 6,550 19,746 6,500 0 6,500
Salaries and HR 311,119 88,820 399,938 188,521 84,456 272,976
Wages and salaries 252,937 78,357 331,294 157,738 65,760 223,498
Employer NI 21,986 4,816 26,802 10,294 5,832 16,126
Employer Pension 13,011 3,461 16,472 7,898 3,288 11,186
Finance and HR & Profes- 3,326 2,119 5,445 1,100 1,100
sional fees
Freelance 11,778 - 11,778 3,512 9,575 13,087
Staf training 8,080 67 8,147 7,979 7,979
Total Expenditure 403,153 110,188 513,341 264,142 84,787 348,929

28

Growing Hope Annual accounts 1 Jan 2024 - 31 Dec 2024

4. Fixed Assets
Actual cost At 1 January 2024/3
Additions
Disposal
At 31 December 2024/3
Depreciation At 1 January 2024/3
Charge for the year
Disposal
At 31 December 2024/3
Net Book Value At 1 January 2024/3
At 31 December 2024/3		 Clinic and IT
Equipment
2024
2023
£
£
2,932
2,277
3,376
1,160
0
(505)
6,308
2,932
(1,327)
(720)
(1,296)
(733)
0
126
(2,623)
(1,327)
1,605
1,557
3,685
1,605

Hope for Children, Hope for Families, Hope in Jesus

29

Growing Hope Annual accounts 1 Jan 2024 - 31 Dec 2024

5. Debtors & Stock
Other debtors
Book Stock
Total
6. Creditors (amounts falling due less
than one year)
Other creditors
Total Current Liabilities
7. Grants to institutions
Growing Hope Gateshead		 2024
2023
5,581
494
207
160
5,788
654
2024
2023
21,215
180
21,215
180
2024
2023
19,746
6,500
19,746
6,500

8. Related parties

Dr Naomi Fox, the CEO of Growing Hope, is the child of Heather Graham, a trustee at Growing Hope High Wycombe. Growing Hope provides support services to Growing Hope High Wycombe including organisational policies, book-keeping, governance support, training, recruitment support. Growing Hope does not have any voting rights in Growing Hope High Wycombe. Paul Nye who is a trustee of Growing Hope was also a warden of St James Downey where there is a Growing Hope clinic. He stood down as warden in February 2024.

Growing Hope received a total of £4,000 unrestricted donations from its trustees in 2024 (2023 =£0.00)

Growing Hope Annual Report 2024

30

Growing Hope Annual accounts 1 Jan 2024 - 31 Dec 2024

9. Analysis of assets by fund

Unrestricted Unrestricted Restricted Total
Funds Funds Funds
2024
£ £ £
Cash and Deposit Balances 147,326 5,000 152,326
Other Assets 9,473 0 9,473
Total Assets 156,800 5,000 161,800
Current Liabilities (21,215) 0 (21,215)
135,585 5,000 140,585
10. Average employees during 2024 2023
period
8 8
11. Restricted funds
Funder Item Funded Balance as at
Income		 Expenditure Balance
01 Jan 2024 as at 31
December
2024
Mercers Maidstone 0
9,991
9,991
-
Company Setup costs
Benefact Trust Core Costs 50,197
-
50,197
-
Garfeld Weston Core Costs 40,000
-
40,000
-
Foundation
The Pilanesburg South 0 10,000
10,000
-
Foundation Fundraising
Dinner
Fifty Four Two School Awards 0
5,000		 -
5,000
(54:2)
Total 90,197
24,991		 110,188 5,000

Hope for Children, Hope for Families, Hope in Jesus

Growing Hope Annual accounts 1 Jan 2024- 31 Dec 2024

31

12. Fees payable to Independent Examiner

The independent examiner did not charge for their services

13. Trustee Expenses

No expenses were paid to trustees during the year

No trustees received any remuneration

14. Key Management Personnel
Salaries and Wages
Employer's NI
Employer's Pension contributions		 Total
Total
2024
2023
£
£
114,992
84,331
12,626
9,127
5,750
4,217
133,368
97,674

No employee received remuneration above £60,000

Growing Hope Annual Report 2024

© Growing Hope®

Registered charity number 1176358 (England & Wales) growinghope.org.uk

Growing Hope, 390 Caledonian Road, London, N1 1DN

Email: info@growinghope.org.uk Phone: 07519 965200

Photographs: Naomi Wilde