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 actiVit￿S 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- T￿aSUrer
Dr Shari Mysorekar
T1￿85 Henderson Reay
Minam Hales
Rachel Dabg
Anna Mynott
John Lovell
Carol PIck￿1n9
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
B￿kerS
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

NIuQt￿L￿￿ATFMENr
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 cornpa￿d 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

E￿IE
Plan• for FU￿r* 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 res￿V•S of bets￿n £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 I￿rked 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 financ￿1 st*ements In
ac&ydanee with applicable law and Unrted kn"ngdom Accwnt"ng Standards (Unrted Kingdom Generalty
Accepted A¢counting Practu).
The appl￿ble to chariites in EnglaThJ & Wales requires the trustees lo prepare financial ststements for
each financ￿1 year ¥thich gNe a true and far wew of the stste of affairs of the chanty and of the incoming
resources and appI￿a￿n of resources of the charty for that perM)d. In preparing these financial ststements.
the trustee5 are ￿Uired to".
select suitable accounting w11c￿S 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 p￿Urne
that the chanty ￿11 continue in operation.
The trustees are responsible for keeping prO￿r &counting records that disclose wrth reasonable accuw at
any time the financ￿1 posi￿n 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•
fvr*d8
2025
2025
2025
2Q24
Irest*ed)
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&GEMUE￿I
8W%NGE aHEEI
2025
2024
Irest*edi
Nolé•
Fixed 8Y*Pt*
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 Informal￿n 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 off￿e 15 given In the charity infom781ion on pa￿ 1 of Ihe8e ffinanc￿l 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 p￿pared on a going concem basts un¢Jer the historical cost conventw)n.
The financial stalemenls are presented In sterfing wh￿h Is the functional currency of the charity and
a￿ rounded to the nearest £.
The significant accounting poI￿leS 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 wh￿h 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.1￿hNC1AL 8TATEMENr
Accoijnling pol*l•• ILm￿￿TrU•dTr
In DeblL?r
d•btors fvm0un￿ rtv• from evAkMYt•r8 for ••frt•S F￿orm￿O th m• ordln8ry cour9• of
Oèbtor$ are rpto.qni*eLI iniliHIty at Ihe Ir8ngiJclion price They 3r• subgequentty measuf•Y al
8morti*ed eosl it*ing the VI￿11¥e Interest T￿ethOd 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 Sett￿ment of t?￿ cr•drtor for at
least fvvefve months after the reporting dale. If there is an uncondrf(ional rohi io defer ge1t￿ment for
al least ￿1ve months after th8 reporting date. they are Pfesented as non-current liabilities
Creditors are recognised Inrt￿lIY 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 ac￿￿￿01
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 nOn￿ncelIable 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
Ir￿mIng
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 baL8r￿e ¢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 b￿akdOWn 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 wh￿h was accounted for as deleired income This 8houkJ have bep.n Includwj In
Income for the year and as Te5tncled lund balances carr*d 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 ￿l￿nted for as deferred Ir¢ome This should
have been Included a5 incom6 for the year and as restricted fund balanc￿ caff*d lorward
The adjustments made lo the 2024 figures are as f￿low$..
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
31*t D￿Mb￿l 2024 wh￿￿ •re Olrt on p4e* S tr) 13.
R￿[￿n$1b11tl￿$ gnd b8$frJ ol rep)rt
As Ihe charity s Irus1￿ you Ore rggponsth lor Ihe Kry)•r8tm b) Kcord•Ke t*lfft the
teoulrtments of the charfh.es Acl 2011 I'the Ad'l
I reFxYI in respeei of my eM8minatKJn of thè ch8nVs ￿t￿nts c8rri*l tyjt under secW¢m 145 01 Ihe P
and In caryi.ng oul my examin8tK)n I hav• folk7•fvJ all the aPp1Kab￿ CknctKm$ gNen Dy ffte Chadty
COMM￿s￿)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 ￿ exarninat￿n 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 exarninat￿n. 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 ReguLat￿S 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
BrOadf￿ld Court
Sheffield
S8 OXF