REGISTERED CHARITY NUMBER: 1200523
REPORT OFTHE TRUSTEE5 AND
FINANCIAL STATEMENTS FOR THE 15 MONTHS ENDED
31 DECEMBER2023
FOR
GROW FOUNDATION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE 15 MONTHS ENDED 31 DECEM8ER2023
Page
Report of the Trustees
Ito4
Independent Examinerfs Report
Statement of Financial Activities
Balancesheet
Motesto the Financial Statements
8t0 11
The trustees present their report with the financial statements of the charity for the
fifteen months ended 31 December 2023. The trustees have adopted the provision5 of
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to
tharities preparing their accounts in accordance with the Financial Reporting Standard
applicable In the UK and Republic of Ireland IFRS 1021 (effective l J a nua ry 20191.
OBJEcfivES AND ACTIVITIES
Objectlvesand alms
The objects of the CIO are such objects and purposes in any part of the world as are exclusively
charitable in accordance with the laws of England and Wales subject to the following clause.
Nothing in the objects shall authorise an application of the property of the CIO for the purposes
which are not charitable in accordance with section 7 of the Charities and Trustee Investment
Iscotlandl Act 2005 and section 2 of the Charities Act (Northern Irelandl 2tM)8.
All details and particulars of such donations are at the discretion of the trustees who make, but
need not make, any ￿quIrernent or condition consistent with the law of charity regardingthe use
or application of the funds so donated.
The trustees confirm that the Charity has complied with tts duty in section 17 of the Charities Att
2011 to have due regard to publlc benefrt guidance published by the Charitles Commission when
reviewing it5 a i ms and objectlves and in planningfuture activitie5.
Charitable activities
The Grow Foundatlon Is an Incubator for fresh ideas, helping socially minded pioneers deliver thelr
vision. With a focus on reconnection, EQ is championed over IQ working predominately with young
people.

GROW FOUNDATION
TRUSTEES'ANNUAL REPORT
FOR TrIE 15 MONTHSTO 31lIV2023
ACHIEVEMENTS AND PERFORMANCE
Over the fifteen months since formation the foundation received Income of £62,193. Grants in the
year amounted to £39,306 spread over 4 different organisations with grants ranging from £1.640 to
£30,363.
FINANCIAL REVIEW
Prfnclpallundlngsources
The principal funding sources of the foundation are donations and grants.
Investment policy
The foundation does not have an investment poli￿ as all funds are kept as cash In the bank so that
they can be easily acce55ed for charitable purposes.
Reseries pollcy
The charity does not have a resetves policy. As a small charity, our current size and financial
structure do not require the implementation of a formal reserves policy at this time. The trustees
re8ularly monitor the charity's finance5 and are confident that our income and expenditure levels
are well-matched to sustain our operations in the short to medlum term.
Given the limited scale of our activities and the nature of our funding, it has not been deemed
necessary to maintain substantial financial reserves. However, we remain committed to
responsible financial management and will review the need for a reseNes policy as the charity
grows or if our circumstances change si8nificantly.
At the end of the reporting period the charity held total hjnds of £13,673, all of which was
unrestricted. The trustees are satisfied that funds are adequateto maintsin dEf￿￿￿ti•nasa8O￿￿
0)n￿m.
Going Con¢em
The Trustees of the charlty believe that there are no material uncertainties that may cast significant
doubt about the ability of the Charity to continue as a going concern.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governingdocument
The charity is controlled by its governingdocument, aOjFthati)ncrns1ittthn(ktcd14th&F¢￿nter2￿l
The main term5 of the constitution set out that the income and property of the CIO must be applied
solely towards the promotion of the objects at the absolute discretion of the trustees.
The constitution sets out the powers of the foundation which are specified but very wide.
Recrultment and appolntment of newtrustees
The trustees listed on page 2 are the first trustees. Every future appointed trustee must be
appointed for a term of three years by a resolution passed at a properly convened meeting of the
charity trustees.

GROW FOUNDATION
TRUSTEES, ANNUAL REPORT
FOR THE 15 MONTHS TO 3111212023
In selecting individuals for appointment as charity trustees, the charity trustees must have regard to
the skills, knowledge and experience needed forthe effective administration of the CIO.
On agreeing to become a trustee of the charity, new trLSStees are thoroughly briefed by their to-
trustees on the history of the foundation, the day-to-day management, the responsibilities of
trustees, the current objettives and future plans. the trLSStees are also encouraged to attend any
courses which they feel are relevant to the development of their role, and to keep up-to-date on any
changes in legislation. They are a150 supplied with a copy of the current version of the CIO
constitution and a copy of the latest Trustees, Annual report and statement of accounts.
Organi5ational structure
The Trust Partnership Ltd maintain financial and adminlstrative records.
REFERENCE AND ADMINISTRATIVE D￿AlLs
Reglstered Charlty number
121J0523
Principal address
Grooms House
Chesterton Lane
Cirencester
GLOS
GL7 IXQ
Trustees
Benjamin Janes- Chair
Serisa Janes
Orlando Janes
Independenl Examiner
Dunkley's
Woodlands Grange
Woodland5 Lane
8radley Stoke
Bristol
BS32 4JY
Bankers
CAF Bank
25 Kings Hill Ave
Kings Hill
West Malling
ME19 4JQ
Unity Trust Bank
4 Brindley Place
Birmingham
BI 2JB

GROW FOUNDATION
TRUSTEES, ANNUAL REPORTFOR ThE
15 MONTHS TO 3111212023
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
The law applicable to charitie5 in England and Wales, the Charitles Act 2011, Charlty IAccounts a n d
Reportsl Regulatigns 2008 and the provisions of the trust deed requires the trustees to prepare f i n a n c i a I
statements for each financial year which give a true and fair view of the state of affairs of the charity and of
the incoming resources and appllcation of resources, including the income and expenditure, o f the c ha ri ty
for that period. In preparingthose financial statements, the trustees are required to
selectsuitsble accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP:
make judgements and estimatesthat are reasonable and prudent;
prepare the finar)cial statements on the going concern basis unless it is Inappropriate to presume
that the charitywill continue in buslness.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy
at any time the financial posltion of the charity and to enable them to ensure that the financial statements
comply with the Charities Act 2011, the Charity (Accounts and Reportsl Regulations 2008 and the
provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence
for taking reasonablestepsforthe prevention and detectionof fraud and other irregularitie5.
Approved by order of the board of trustees on 24th October 2024 and signed on its
behalf by:
Benjamin Janes
Trustee

lllde
endent examiner's re
ort to the trllstees of Grow Foundation
I reportto the charity tn￿tee8 on my examinationof the accounts of Grow Foundation {the Found#tion)
for the fifteen months ended 31 December 2023.
R￿ponSibIlItIeS and basis of report
A5 the charity trjstees of the Foundatio￿ you are responsibl¢ for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 ('the Aov).
I report in respect of my examination of the Foundation's ac¢ollllts carried out under Section 145 of
the Act and in carrying out my examination I have followed all applicable Directions givett by the
Charity Comtnission under Section 145(5)(b) of the ACL
Independent txaminer's statement
I bave completed my examination. I confm that no material matter5 have come to my attention in
connection with the examination giving me cause to believe that in any ]nateri81 respeet..
accounting records were not kept in respect of the Foundation as required by Section 130 of the A¢l' or
the accounts do not accord witb those records" or
the accounts do not comply witb the appli¢abl¢ T¢quirements collcernitig the form and ¢ont¢nt of accounts set
out in the Charities (Accounts and Reports) Regulations 2008 other thatt any requirement that the aecounts
give a tTU¢ and fair view which is not a ￿￿tter considered as part of arA independent examination.
I have Tho ¢on¢erns and1￿¥t co￿¢ across otherllLatteis ill connection with the examination towhicb
attentioll sbould be drawn in this report in order to enable a proper understanding of tILe ac£ounts to be
reathed.
Matthew Dobbins FCA
Dunkley's
Statutory Auditor
Chartered Accountants
Woodlands Grattge
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY
Date..

GROW FOUNDATION
STATEMENT OF FINANCIAL AcnviTIES
FOR THE 15 MONTHS FROM Z9 SEPTEMBER 2022 TO 31 DECEMBER 2023
IS month perlod
to 31.12.2023
Totsl and
Unrestrirted
Funds
Note
INCOME AND ENDOWMENTS FROM
Donations
Donation in kind
Grants Received
Bank Interest received
Total
36,823
1,746
23,613
12
62,193
EXPENDrruRE ON
Charitable activities
Grants and donations
Charltable expendlture
In Klnd Expenses
39,806
6,968
1,746
48,520
Total
NET INCOME
13,673
RECONCILIATION OF FUNDS
Total funds brought fonvard
TOTAL FUNDS CARRIED FORWARD
13,673
All income and expenditure15 unrestrirted
CONTINUING OPERATIONS
All income and expenditure ha5 arisen from continuing activities
The notes form part of these financial statements
Page 6

GROW FOUNDATION
BALANCE SHEET AT 31 DECEMBER 2023
31.12.2023
Total and
Unre5trlcted
Funds
Note
FIXED ASSErs
CURRENT ASSETS
Debtors
Cash at bank
15,065
15,065
CREDITORS
Amounts falling due within one year
{1.3921
NET CURRENT ASSETS
13,673
TOTALASSETS LESS CURRENT
UABILITIES
13,673
TOTAL FUNDS
13,673
FUNDS
Unrestricted funds
13,673
TOTAL FUNDS
13,673
The flnanclal statements were approved by the board of trustees on
signed on their
ehalf bv:
24th October 2024 and were
es
Chair of Trustees
The notes form part of these financial statements
Page 7

GROW FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15 MONTHS ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES
Basis of preparfng the flnanclal ststements
The financial statements of the charity, which 15 a public benefit entity under FRS 102, have been prepared
in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities: Statement of
Recommended practi￿ applicable to charities preparing their accounts in accordance with the Financial
Reporting Stand3rd applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191,
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost
convention with the exception of investments which are included at market value, as modified by the
revaluation of certain 355ets.
Income
All income 15 recognised in the Statement of Financial Activitie5 once the charity has entltlement to the
funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
LiaL>ilities are recogniseLI a5 expenditure as soon a5 there is a legal or constructive Obllgatlon commltting the
charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement
and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals ba515
and has been classified under headings that aggregate all costs related to the category. Where costs cannot
be dirertly attributed to particular heading5 they have been allocated to activitie5 on a basis consistent with
the use of resources.
Grants offered subjert to conditions which have not been met at the year end date are noted as a
commitment but not accrued as expenditure.
Debior5
Debtors lincluding trade debtors and loans receivable) are measured on initial recognition at the settlement
amount after any trade discounts or amount advanced by the charity. Subsequently. they are measured at
the cash or other consideration expected to be received.
Cred5tors
The charity has creditors which are measured at settlement amounts less any trade discount.
Bank and Cash
Cash at bank includes cash held at the bank which Is available on demand.
Taxation
The charity is exempt from tax on it5 charitable activities.
Fund attounting
Unrestricted funds can be used in accordance with the charitsble objectives at the discretion of the trustees.
Page 8

NOTESTO THE FINANCIALSTATEMENTS
R THEI
NT
ENDED
I DECEMBER 2
DONATIONS IN KIND
During the period September 2022 to DeTrmber 2023 We Are Grow Ltd paid three Trust Partnerghlp Invol￿5 on
behalf of Grow Foundation, for a total of £1,746.
15 month
period to
3111212023
GILANTS RECEIVED
Esmee Fairbairn
Tower Hamlets Council
Total grants recelved
15,000
8,613
FundSng of
actlvltles
Support Costs
Tota15
CHARITABLE AcfwmES COSTS
(see note 51
lsee note 61
6rants given
Charitable Expendlture
39,306
2,368
41,674
500
4,600
5.100
39.806
6,968
46.774
15 month
perlod to
3111212023
GRANTS PAID
Are You Mad
Legends Academy
Seeit Wtsrking Trust
C Magat
4,803
1,640
30,363
2,500
39,306
Page 9

GROW FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15 MONTHS ENDED 31 DECEMBER 2023
SUPPORT COSTS
Other Costs
Governance
Cost5
Totals
Charitable expenditure 2023
Support costs, Included in the above. are as follows
15 month
period to
3111212023
Charitsble
EKpendSture
Other
Consultancy Fees
Sundry costs
Bank charges
3,717
79
Governance Costs
Independent examination fee
15 month
period to
3111212023
AUDITOR'5 REMUNERATION
Independent examination fee
Page 10

GROW FOUNDATIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE IS MONTHS ENDED 31 DECEMBER 2023
TRUSTEES, RENUMERATION AND BENEFITS
There were no trustees, remuneratlon or beneffts during the IS months to 31 December 2024.
Trustees, eM￿nSeS
Therè were no trustees, expenses pald durlng the 15 months to 31 December 2023.
MOVEMENTIN FUNDS
At
29.09.2022
Net
At 31.12.23
movement
In funds
un￿$t11¢t¢d tvtmls
General fund
13,673
13.673
TOTAL FUNDS
13,673
Net movement in funds, included in above for 202212023 are as follows..
Incomln8
resou￿5
Resources
expendÈd
Movement In
funds
Unrestrlrted funds
General fund
62,193
148,5201
13,673
TOTAL FUND5
62.193
148,5201
13,673
10 RELATED PARTY DISCLOSURES
Benlam5n Janes and Serisa lanes are directors and shareholder5 of The Trust Partnership Ltd, which
provSdes administration and accountancy seNices to Grow Foundation. £5,462.90 has been paid to
The Trust Partnership relating to the 15 months ended 31st December 2023.
11 ULTIMATE CONTROLLING PARTY
No one person or entity has control over the charity, the charity is controlled by its board of tru5tee5.
Page 11