GROW RED RITY NU UNAUDITED FINAN IAL STATEMENTS FOR THE YEAR ENDED 31ST ECE BER 2025 TINGLE ASHMORE LTD CHARTERED AC OUNTANTS SHEFFIELD
DE Page Legal and administrative informats.on Trustees. annual rewrt Independent examinerfs report Stalement of financial actiVitS and income and expenditure account Balance sheet Notes to the financial statements 7-13
TAT Name and princlpal a(Idf•$S Grow 389 Monor Lan•. Sheffieka. S2 IUL Charity numter 1177035 Trustees Sam Prosser- InlerKn Chair George Foyler- TaSUrer Dr Shari Mysorekar T185 Henderson Reay Minam Hales Rachel Dabg Anna Mynott John Lovell Carol PIck1n9 Lucy Pndmore - apF¥Jnt•d FetrTr25 - appointed Oct-25 - appointed Dec-25 - appointed Dec-25 - reswJned Sep-2S - resuned Sep25 - reswjned Oct-25 Key members of staff Helen J<Kdan - CEO Steve Cotton- CEO - from May.25 - to Apr.25 BkerS Lbyds Bank PIC 120 Lev#isham HrJh StreeL London. SE13 6JG Aco)untants arKI independent examiner5 Tingk Ashmore Lid Chartered Accountants Eniwpri8e House. Broadfield Cwrt, SheffEkl, S8 OXF Page 1
NIuQtLATFMENr The tTUStees of the chanty pr•senl thÈir Truel report 8nd th• un8udited financt818tat8ments for the year 3151 Dec*fnber 2025. OblectlvèJ •nd actlvftlgs The relief of uneinployment ol young people 8ged befvrnn 1&24 who are disadvantaged, ty way of being ?re leavers andlor ex4)ffenders. for the public benefit. in particular bul not excluswety in Sheffield, Including nning p-eMplOyMent training programmes and supporting young people in finding and retaining employment Fin•nclal Review The chanty's total income for the year amounted to £366,58212024'. £389.5221. While this repres a decrease compared to the previous year. income levels remain strong, wth the majority of funding continuing to be secured from tnjsts and foundations. This reflects the charity's ongoing success in maintaining relationships with key funders and securing grant income in a competitive environment. Total expenditure for the year was £278,756 12024". £361.745). showing a reduction in spending in line Income levels and organisational priorities. Expenditure has been carefully managed through¢JUt the year to ensure that [esOur are used effectivety in delivering the charitys obj'ectives. A5 a result Ihe charrty recorded a surplus of £87.826 for the year (2024: £27.7771. This posibve F)osib"on has ¢ontributed to a strengthening of the Chaws financial stsbility. Unrestrictecj SerVeS have increased from £13.716 to £61.314 over the period. The trustees consider Ihis an important improvement in the charity's financial resilien¢e,' fvrther detail on reserves is provided in the reseryes section of this report. Lcoking ahead, the financial outlook for the Charity is si9nificanlly improved cornpad to 2024. The trustees remain cauts'ously optimistic. with a stronger fvnding posth.on and conts'nued support from trusts and foundation5 providing a solid basis for future operab.ons and developmenL Going concern The trustees have assessed the charitys ability lo continue as a going concern for at lèast 12 months from the date of approval of the financial statements. This review considered reserves, forecast income and expenditure, and the reliability of income streams. partscularty from trusts and foundations. The charity has reported a surplus and strengthened its unrestrictsd resetves, improving financial resili8n¢e. Cash flow forecasts indicate that the Charity can meet its liabilitie5 as they fall due. While the funding environment MaInS competitive. the financial outlook has improved compared lo the previous year. The trustees therefore consider it approprBte to prepare the financial statements on a going concem basis. Structure, Governance and Management Grow is a Charitable Incorporated Organisation, registered chanty number 1177035 which was registered with the Gharity Commission on 7th February 2018. Page 2
EIE Plan• for FUr P•rlod• In 2026 we plan to expand our ¢ore programm6s io rogch moi• young peopl8 in th• Sheffield aréa We are also lookin9 lo further pilot our 8ppTo8ch in 811es outside ol our core offKe and farm gpaee In addrtion we re also looking to broaden Ihe support we offer in order to reach mor8 vuknerable. out of WOTk young people and will look to provide more laikJrÈd se8#K)ng e.g 8 female onty cohort Ple888 se8 Impact report for further detai15 {attaehedl. R•$• pdlcy Grow likes to hold resV•S of betsn £60.¢J)0-£150,¢MIO. These fvJures fepresent a minimum of 3 months running ¢osts and then lat maximum) enough lunding to expat)d into new areas. In 2025 Grow Irked to increase the level of strategK reserves so that bt. once agan. fell wrthin this resarves ran9e. The free reserves of Ihe charty at 31st t)ecember 2025 were £60.440 Statement of triKrylee•' re8pon81blllti•s The trustees are responsible for preparing the Trustees, Annual Report and the financ1 stements In ac&ydanee with applicable law and Unrted kn"ngdom Accwnt"ng Standards (Unrted Kingdom Generalty Accepted A¢counting Practu). The applble to chariites in EnglaThJ & Wales requires the trustees lo prepare financial ststements for each financ1 year ¥thich gNe a true and far wew of the stste of affairs of the chanty and of the incoming resources and appIan of resources of the charty for that perM)d. In preparing these financial ststements. the trustee5 are Uired to". select suitable accounting w11cS and then appty Ihem consislently,. observe the melhods and principles in the Charities SORP 2019 (FRS 102)". make Judgments and ests"mates that are reasonabk and prudenL state whether applicable accounb'ng stsndards have been folkmed, sutfject to any matenal departures disclosed and explained in the financial slatements., • prepare the financial statements on the going concem basis unless rt is inappropriate to pUrne that the chanty 11 continue in operation. The trustees are responsible for keeping prOr &counting records that disclose wrth reasonable accuw at any time the financ1 posin of the charity and enable them lo ensure that the financial ststements compky wrth the Chantses kt 2011. the Charities (Accounts and Reports) Regutstions 2008 and the provisions ol the trust deed. They are also responsibk for safeguarding the assets of the chanty and hence for taking reasonable Steps for the preventson and detects'on of fraud and other irregularities. The Annual Report was approved by the trustees on 30th Apnl 2026 and suned on their behalf by Sam Prosser Page 3
EMENT.a Unr••trkl•d fvnd• Tot81 fund• Total lutYI• fvrd8 2025 2025 2025 2Q24 Irested) In¢ome from.. Donabons and Iryxi8S 10.448 10,448 16,OS Chartabk xtivrt 93,861 25S,512 349.173 363.871 4.254 4,254 Investrnent income 599 Otlw income 2,108 2,108 111,070 255.512 389,522 TOTAL INCOME Expenditure on: Raising funts 11.790 1.447 11.790 51.682 215,284 266, 360,298 TOTAL EXPENDITURE 63.472 215.284 278,756 361,745 87.826 27.777 INCOME FOR THE YEAR 47.598 40.228 ReconGiliatKK) of funds: Totai funds brought forward Total fund5 carried forward 13.716 111.401 125.117 97,340 £61,314 £151.629 £212,943 £125,117 The Statement of Financial Aclivrties includes all gains and losses recognised in the period. All income arKJ expenditure derive from continuin9 activitses. Page 5
GRQW VNlIUUIIEIIFJNANCIAL.STATEMINTS fQft IIIE YE41t ENVLQ JIST. D&GEMUEI 8W%NGE aHEEI 2025 2024 Irestedi Nolé• Fixed 8YPt* Tan9iblÈ 8$s•ts 38.356 3.531 Current assets Debtor5 Cash al bank and in hand 978 120608 179.3 180,544 121 586 Creditors - amounts falling due within one year Net current assets 15.9571 174.587 121.588 Net assets £212,943 £125 117 Charty funds General funds Restncted funds 61,314 151,629 13.716 111,401 Total funds 10 £212,943 £125.117 These financial ststements were approved and authorised for issue by the Board on 30th April 2026 and signed on their behalf ty Sam Prosser- Trustee George Foster - Treasurer Page 6
EQ.FINANQLL STAILMLNL¥. Y 31ST PE¢EMLII.R 2Q TH Ac¢ouniing policies lal General Informaln and b8¥18 ol prèpAr8tK)n Grow is a Charitable In¢orpor8le(l OtganigaiK)n registered in Eroland and Wales The addreB¥ of the registered offe 15 given In the charity infom781ion on pa 1 of Ihe8e ffinancl gtstèrnent%. The charity constilules a public benefit entity as defined by FRS 102 These financial statemÈnts have been prepared in accordance wrth Accounting and Reporting by Charrties Staterneni of Recomm8nded Practice applicable to charities Preparing Iheir accounts in accordance wrth the Finan¢i31 FleFQrting Standard applieatton in the UK and Republic of Ireland issued In October 2019 the Financwl RepoFt'ng Standard applicatrAe in the UK and Republic of Ireland IFRS 102}. the Charths Act 2011. and UK Generalty Accepted Accounling Practice. The financial statements are ppared on a going concem basts un¢Jer the historical cost conventw)n. The financial stalemenls are presented In sterfing whh Is the functional currency of the charity and a rounded to the nearest £. The significant accounting poIleS applied in the preparab.on of these financial siatements are set below. These policies have been consistenlty applied to all years presented unless otherwise stated. Ibl Going concem The financrdl statement5 have been prepared on the going concem basis as the trustees believe that there are no material uncertainties. The trustees have considered the level of funds held and the expected level of income and expenditure for the 12 months following the approval ol these financial statements and consider the going concem basis appropriate. (c) Income All income is accounted for as soon a5 the charity has entitlement to the income. there is certainty of receipt and the amount can be measured. Income is only deferred when.. The donor specifies that the grant or donation must onty be used in future accounting periods., or The donor has imposed n"OnS whh rnust be met before the charity has unconditional entitlement. Grants received for specific purposes are accounted for as restricted funds. Grants are not recogntsed as receivable unlil all conditions for receipt have been Compl with. Where donor imposed restrictions apply to the timing of the related expenditure. as a pre-condition for its use, the grant is treated as deferred income until those restrictions are met. Donats'ons and legacies are accounted for when receivable (d) Resources expended All expenditure is included on an accruals basis and is recognised as a liability is incurred The charity is nol registered for VAT and accordingly resources expended are shown gross of irrecoverable VAT. le) Fixed assets and depreciation Tangible fixed assets are stated at cost less depreciati. Depreciation is calculated to write down the cost of the fixed assets over their expected useful lives. The rates used are as follows. Improvements to leasehold propety straight line over the temi of the lease Container 1 Ook per annum straight line Shed 20% per annum straight line Tools and equipment - 25% per annum reducing balance Page 7
GROW UNAUDITEO fiNANGIAL ST6TEPIENT9 FOII IIIL YLAII LNDLD JI8T_DECEMBEft 2 NVI L[LI11LE.1hNC1AL 8TATEMENr Accoijnling poll•• ILmTrU•dTr In DeblL?r d•btors fvm0un rtv• from evAkMYt•r8 for ••frt•S FormO th m• ordln8ry cour9• of Oèbtor$ are rpto.qnieLI iniliHIty at Ihe Ir8ngiJclion price They 3r• subgequentty measuf•Y al 8mortied eosl iting the VI11¥e Interest TethOd le$8 ptOVl8ion lor ffnpalrment A provison for ImpèirmÉbnl of d&btor5 Is estBblishÈd Ihgre Is objective e¥enCe that th8 Compony 11 not be ab lo eollect all •rrKwnts due cording lo the onginal tefms of rec8ivable Igl Tr8de ereditors are oblrgalions to pay for goods OT seNice$ that have xquired In the ordinari course of business from suppliers Accounts payable are classified as current liabilrties If ttte chanty dce5 not have an unconditsonal right. al the end of the year. to defer Settment of t? cr•drtor for at least fvvefve months after the reporting dale. If there is an uncondrf(ional rohi io defer ge1tment for al least 1ve months after th8 reporting date. they are Pfesented as non-current liabilities Creditors are recognised InrtlIY at the transactK)n price and subsequenty rn•asufed at amorti%ed cost using the effective interest methcxj. (h) Pension costs and other post-retirement benefits The charity operates a defined conlribulion pension scheme for its employees. ContributK)n$ p8yab to the charity's pension scheme are charged lo the Statement of Financial Ath'vitEs in the penod to which they relate. li) Leases Rentals payable and receivable under operating leases are charged to the Statement of FinancBI Activities on a straight line basis over the period of the lease. O'l Funds Fund5 held by the charity are either.- Unrestn'cted funds - these are funds which can be used in COrdan vnth the charitable objects at the discretion of the Trustees. Restricted funds - these are funds that can only be used for parb'cukr restricted purposes, imposed by the donor or through the terms of an appeal. Page 8
Fl AN MEN Totsi fur*J• Total lund$ 2025 2024 ExFenditvre on charitable ac01 Programme $ts Salaries and pension5 Alumni monitoring expenses Walk and talk expenses Rent Telephone and internet Website and marketing offi.ce expenses Travel Training Staff health scheme Sundry expenses Accountan¢y Bank charges Depreciation 25,429 205,873 354 26,W6 292.987 10 849 14.490 2.027 6.951 4,33A 2.211 3.869 3.311 5.124 424 699 567 1.635 2,100 21 8.847 1.657 £266.966 £360,298 Unrestitted expenditure Restricted expendrbjre 51.682 215,284 138.090 222.208 £266, £360,298 Anatysis of staff costs, trustee rernuneratk arml expenses. and the cost of key management personnel Sakries Employerfs nats'onal insurance Empknyefs pension contributK)ns Recruitment 194,635 4.849 4,985 1,404 277.S]46 8,536 7.405 £205,873 £292.987 No emplwees 1Ved totsl employee benefits in excess of £60.000 in ther year. The average number of staff employed was 17 (2024 - 22). The key man4ement personnel of the chanty comprise the Trustees and the CEO. The totsl employee benefits of the key management were £38,003 (2024 - £48,409). The trustees were not paKI nor received any other benefits from employment wth the charity in erther year. No expenses were reimbursed to trustees in either year Independent examinerfs fee and other payments Accountsncy and independent examination 2,100 Page 9
UNAUD TATEMENTS EMBER 2 R TH R ENDE TE HE FINAN Tangible assets ImFKovement# lo landlord'$ Container prope and shed To($ and equipment Total Cost As at 1st January 2025 Additions 8,174 8,174 43,671 12.576 31,095 As at 31st December 2025 12,576 31.095 8,174 51,845 Depreciation As at 1st January 2025 Charge for the year As ai 31 st December 2025 4,642 4,642 8,847 6.288 1.675 6,288 1,675 5,526 13,489 Net book value As at 31st December 2025 £6.288 £29,420 £2,648 £38,356 2025 2024 Debtors Trade debtors 978 £641 £978 2025 2024 (reslatedl Creditors - amounts falling due within one year Trade creditors Other taxation and s¢xial security Accruals 263 3.212 2.482 £5,957 2025 2024 Financial commitments Total future minimum lease payments under nOnncelIable operating leases are as follows.. Not later than 1 year Later than 1 and not later than 5 years 11,470 4,646 17,770 16,116 Page 10
Analysis of ¢hanty fund8 Balanf* at l$1 Jwt 2025 {restaledl Movement In resovr IrmIng Outgoing 8alance at 3131 D¢¢ 2025 Unrestricted hJrKIs. General fijnds 13,716 111,070 163 4721 61,314 Restncted funds.. Fixed asset fund Other grants 21.916 89.485 24,121 231.391 18.5551 1206.7291 114.147 1 $1,629 111.401 255,512 (215,2841 Totsl funds £125,117 £366.582 £1278,7561 £212.943 Purpose of restricted funds". Fixed asset fvnd - This represents the net book value of fixed assets acquired using restn'cted grant incorne. Other grants are received to fund salary and other programme costs. The baL8re ¢arried fornard is Mon receivable but nol expended by 31st Decemter 2025. Prior year compariscrf) (restated).. BakrKe al 1stJan 2024 Movement in resources Incoming Outgoing Balance at 31stDeci-" 2024 Unrestricted funds.. General funds 13,716 27,216 126,037 (139.537> Restricted fvnds.. Fixed asset fund other grants 3.155 e6,969 19,550 243,935 1789) 1221.419) 21,916 89.485 70,124 263,485 (222,2081 111,401 £389.522 £(361.745) £125,117 Total funds £97.340 Page11
EQ&THE 10 Analy8tS Ot net assets between fund8 rotal ndS Bre inve$led •5 loll¢y•ro General lunds Restrfcted fvnd8 Totsl funds Tangible fixed assets Nel current assets 874 37,482 114.147 38.356 174,587 Net assets £61,314 £151.629 £212.943 I>Mr year comparison (restated).. Tangible fixed assets Nel current assets 3.531 121,586 1,165 12.551 109,035 Nel assets £13,716 £111,401 £125,117 11 A detailed bakdOWn of the prior yew statement of financial activtlbes between unwtri¢ted and restricted funds is a5 follov*S." Unrestncted Restricted funds Total fiJnds 2024 2024 2024 Income from" Donats'ons and legacies Charrtable acttvities ¢)ther trading activities Investment income Other income 16.096 100,386 8.466 16. 363.871 263.485 645 645 Totsl income 126,037 263.485 389,522 Expenditure on". Raising funds Charitable activities 1,447 138,090 1,447 360,298 222,208 Total expenditu 139,537 222,208 361,745 Net movement in funds £{13,500) £41,277 £27,777 Page 12
YNAUDITED fiNANLWSJ4TEMENTa EOR_TI4E_YEAR ENDED JIST_QELEMEILR IQ2J THE I INANCIAL.&IA TEMENJQ 12 Prior year wJju5tmenl IrTr the previous year the charity rgeeived reslricled Income lolalltng F.109.075 whr.h •4a8 unspenl al the year end and whh was accounted for as deleired income This 8houkJ have bep.n Includwj In Income for the year and as Te5tncled lund balances carrd lorward In the year ended 31st December 202J. the charity received restricted Incorrn tot#lllng £50 028 which was unspent at the year end arKJ which was lnted for as deferred Ir¢ome This should have been Included a5 incom6 for the year and as restricted fund balanc caffd lorward The adjustments made lo the 2024 figures are as flow$.. Increase reslricled income from charitable activit*s by £59.007. Reduce creditors by £109,035. Increase lolal funds at 31st December 2024 by £109,035. Increase total funds al 1st January 2024 by £50.028. Page 13
UNAUDITEQ f IWGWL8TATEMeNTe EQR TIIE YEAR ENKO JIg.I.DEGEMB¢&IQ2 INOEPENDENT EJAMINEft'a RE I r•pDrt to thè tth•rty lTrJ$l•oJ$ on rny ol fft• far m• yew 31t DMbl 2024 wh •re Olrt on p4e S tr) 13. R[n$1b11tl$ gnd b8$frJ ol rep)rt As Ihe charity s Irus1 you Ore rggponsth lor Ihe Kry)•r8tm b) Kcord•Ke tlfft the teoulrtments of the charfh.es Acl 2011 I'the Ad'l I reFxYI in respeei of my eM8minatKJn of thè ch8nVs tnts c8rril tyjt under secW¢m 145 01 Ihe P and In caryi.ng oul my examin8tK)n I hav• folk7•fvJ all the aPp1Kab CknctKm$ gNen Dy ffte Chadty COMMs)n under seclM)n 14515Xbl ol Ihe Act Independènt examinees Statement Smce the chanty's gross income exceeded £250,(KM) your examiner must be a m•mb•r of a body listed in seth.on 145 of the Act. I confim thai i arn qualified to undertake exarninatn técause l am a of Ihe Instr"tute of Charte Accountants in England aThJ Waks. one of the listed b(>Jies. I have completed my exarninatn. I Confi Ihal no matenal matters have come to my att•ntion in connection wrth the examination gNing me ¢a4Jse to belleve that in any matenal respect.. accounts.ng records vè? not kept in respect of the charty as required by sectK)n 130 of th• Act. or tr* accounts do not accord wth those records," or the accounts do not c<)mply wrth the applKable requirements ¢onceming the fom and content of accounts set out in the Charitres IAccounls and Rep)rtsl ReguLatS 21yJ8 other than any requirement that the xcounts grve a 'true and fair which is not a matter consKlored as part ol an Independent examjnation. I have no concems and have come across no other matteryJ in connection the examinakn to whK attenb'on should be drawn in this report in cyder to enab a proper underslanding of the ¥counts to b& gpknre Dated: 30th 2026 Brendan Ashmore ACA Tingle Ashmore Ltd Chartered Accountants Enterprise House BrOadfld Court Sheffield S8 OXF