GROW TO CHANGE FOUNDATION
Annual Report and Unaudited Financial Statements
for the financial period ended 31 October 2024
GROW TO CHANGE FOUNDATION
CONTENTS
Page Reference and Administrative Information 3 Trustees' Report 4 Statement of Trustees' Responsibilities 5 Statement of Financial Activities 6 Balance Sheet 7 Notes to the Financial Statements 8 - 9
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GROW TO CHANGE FOUNDATION REFERENCE AND ADMINISTRATIVE INFORMATION
Trustees
Company Registration Number Principal Address
Marcia Moss Liam Jones Bethany Peak
1205239
Office 2.06D Hollinwood Business Centre Oldham OL8 3QL UK
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GROW TO CHANGE FOUNDATION STATEMENT OF TRUSTEES’ RESPONSIBILITIES
for the financial period ended 31 October 2024
The trustees present their Trustees' Report and the unaudited financial statements for the financial period ended 31 October 2024.
These accounts have been prepared on receipts and payment basis, as permitted for charities with gross income not exceeding £250,000, in accordance with:
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Section 133 of charities Act 2011, and
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Charity Commission guidance for preparing receipts and payments accounts.
The Trustees' Report contains the information required to be provided in the Trustees' Annual Report under the Statement of Recommended Practice (SORP) guidelines. The trustees of the charity are also charity trustees for the purpose of charity law and under the charity's constitution are known as members of the board of trustees.
In this report the trustees of GROW TO CHANGE FOUNDATION present a summary of its purpose, governance, activities, achievements and finances for the financial period 31 October 2024.
Mission, Objectives and Strategy
For the public benefit, to advance in life and help young people through:
(a) the provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life;
(b) providing support and activities which develop their skills, capacities, and capabilities to enable them to participate in society as mature and responsible individuals.
Structure, Governance and Management
The trustees were appointed on formation and continue in their roles.
The key management personnel are identified as the Trustees.
Review of Activities, Achievements and Performance
Grow to Change Foundation has made significant strides in supporting vulnerable young people. Recently, we successfully ran a twice-weekly sports club for students in care across Oldham, funded by a Sport England grant.
This initiative provided not only physical activity but also a safe, supportive space to build confidence and friendships. In addition, we’ve continued to assist students living in poverty, particularly those with additional needs, by offering tailored support and inclusive activities.
These achievements reflect our ongoing commitment to improving lives through meaningful, community-based interventions that inspire positive change and long-term development for disadvantaged young people.
Financial Review
The results for the financial period are set out on page 7 and additional notes are provided showing income and expenditure in greater detail.
Future Outlook
Looking ahead, Growth to Change Foundation aims to raise vital funds to open a Family First Centre, an inclusive space that offers holistic support to families in need. This centre will provide tailored services addressing emotional, practical, and social challenges. Additionally, we plan to fund dedicated family support workers who can work directly with families facing hardships, offering early intervention and ongoing guidance. These initiatives will help us extend our reach and ensure that struggling families receive the compassionate, consistent support they need to thrive together.
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GROW TO CHANGE FOUNDATION STATEMENT OF TRUSTEES’ RESPONSIBILITIES
for the financial period ended 31 October 2024
The trustees are responsible for preparing the financial statements in accordance with applicable law and regulations.
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial period which give a true and fair view of the assets, liabilities and financial position of the charity as at the financial period end date and of the surplus or deficit of the charity and otherwise complies with the Charities Act 2011.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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make judgements and accounting estimates that are reasonable and prudent;
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state whether the financial statements have been prepared in accordance with applicable accounting standards, identify those standards, and note the effect and the reasons for any material departure from those standards; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees confirm that they have complied with the above requirements in preparing the financial statements.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Board of Trustees on 26 June 2025 and signed on its behalf by:
________Marcia Moss Trustee
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GROW TO CHANGE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES
for the financial period ended 31 October 2024
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| Funds | Funds | Funds | ||
| Oct 24 | Oct 24 | Oct 24 | ||
| Notes | £ | £ | £ | |
| Income | ||||
| Charitable activities | ||||
| - Grants from governments and other co-funders | 4.1 | 924 | 11,300 | 12,224 |
| ─────── | ─────── | ─────── | ||
| Expenditure | ||||
| Charitable activities | 165 | 757 | 922 | |
| ─────── | ─────── | ─────── | ||
| Net income/(expenditure) | 759 | 10,543 | 11,302 | |
| Transfers between funds | - | - | - | |
| ─────── | ─────── | ─────── | ||
| Net movement in funds for the financial period | 759 | 10,543 | 11,302 | |
| ─────── | ─────── | ─────── | ||
| Total funds at the end of the year | 759 | 10,543 | 11,302 | |
| ═══════ | ═══════ | ═══════ |
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GROW TO CHANGE FOUNDATION BALANCE SHEET
as at 31 October 2024
| Oct 24 | ||
|---|---|---|
| Notes | £ | |
| Fixed Assets | ||
| Tangible assets | 6 | 2,034 |
| ─────── | ||
| Current Assets | ||
| Cash at bank and in hand | 9,268 | |
| ─────── | ||
| Net Current Assets/(Liabilities) | 9,268 | |
| ─────── | ||
| Total Assets less Current Liabilities | 11,302 | |
| ═══════ | ||
| Funds | ||
| Restricted funds | 10,543 | |
| General fund (unrestricted) | 759 | |
| ─────── | ||
| Total funds | 11,302 | |
| ═══════ |
Approved by the Board of Trustees and authorised for issue on 26 June 2025 and signed on its behalf by
________Marcia Moss Trustee
The notes on pages 8 to 9 form part of the financial statements
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GROW TO CHANGE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS
for the financial period ended 31 October 2024
1. GENERAL INFORMATION
GROW TO CHANGE FOUNDATION is a charity incorporated in England. The registered office of the charity is Office 2.06D, Hollinwood Business Centre, Oldham, OL8 3QL, UK which is also the principal place of business of the charity. The financial statements have been presented in Pound (£)which is also the functional currency of the charity.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s financial statements.
Fund accounting
The following are the categories of funds maintained:
Restricted funds Restricted funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the charity.
Unrestricted funds
Unrestricted funds consist of General and Designated funds.
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General funds represent amounts which are expendable at the discretion of the board, in furtherance of the objectives of the charity.
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Designated funds comprise unrestricted funds that the board has, at its discretion, set aside for purposes. These designations have an administrative purpose only, and do not legally restrict the board's discretion to apply the fund.
Income
Income is recognised in the Statement of Financial Activities only when cash is received by the charity, regardless of when the income is earned or any associated conditions are met.
Expenditure
The expenditure of each activity are separately accumulated and disclosed and analysed according to their major components. Expenditure is recognised when cash is paid by the charity. Support costs are those functions that assist the work of the charity but cannot be attributed to one activity. Such costs are allocated to activities in proportion to staff time spent or other suitable measures for each activity.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:
Fixtures, fittings and equipment - 15% Straight line
3. PERIOD OF FINANCIAL STATEMENTS
The financial statements are for the 13 month period ended 31 October 2024.
| 4. | INCOME | |||
|---|---|---|---|---|
| 4.1 | CHARITABLE ACTIVITIES | Unrestricted | Restricted | Oct 24 |
| Funds | Funds | |||
| £ | £ | £ | ||
| Grants from governments and other co-funders: | ||||
| Income from charitable activities | 924 | 11,300 | 12,224 | |
| ═══════ | ═══════ | ═══════ | ||
| 5. | NET INCOME | Oct 24 | ||
| £ | ||||
| Net Income is stated after charging/(crediting): | ||||
| Depreciation of tangible assets | 165 | |||
| ═══════ |
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continued
GROW TO CHANGE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS for the financial period ended 31 October 2024
6. TANGIBLE FIXED ASSETS
| 6. | TANGIBLE FIXED ASSETS | ||
|---|---|---|---|
| Fixtures, | Total | ||
| fittings and | |||
| equipment | |||
| £ | £ | ||
| Cost | |||
| Additions | 2,199 | 2,199 | |
| ─────── | ─────── | ||
| At 31 October 2024 | 2,199 | 2,199 | |
| ─────── | ─────── | ||
| Depreciation | |||
| Charge for the financial period | 165 | 165 | |
| ─────── | ─────── | ||
| At 31 October 2024 | 165 | 165 | |
| ─────── | ─────── | ||
| Net book value | |||
| At 31 October 2024 | 2,034 | 2,034 | |
| ═══════ | ═══════ | ||
| 7. | RESERVES | ||
| Oct 24 | |||
| £ | |||
| Surplus for the financial period | 11,302 | ||
| ─────── | |||
| At the end of the year | 11,302 | ||
| ═══════ |
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