Company registration number 16009686 (England and Wales)
THE GOOD GROWTH FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
THE GOOD GROWTH FOUNDATION
CONTENTS
Page
Director's report
1
Balance sheet
2
Notes to the financial statements
3 - 6
THE GOOD GROWTH FOUNDATION
DIRECTOR'S REPORT
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 1 -

The director presents his annual report and financial statements for the period ended 31 October 2025.

Principal activities

Good Growth Foundation ("GGF") is a think tank that campaigns for policies designed to boost economic growth while reducing inequality, helping to build a fairer society. GGF's work is focused on giving people a stake in growing the economy, by creating a state that enables agency and opportunity.

GGF pursues this through original policy research across many areas of economic and social policy. This is combined with a public opinion research function, which conducts regular polling and focus groups, ensuring policy is developed alongside political research.

Key activities in the period

During the period, GGF published research and policy recommendations across five major reports:

Mind the Growth Gap: GGF's founding report, revealing the gap between what politicians think drives economic growth and what the public actually wants.

The Third Rail of British Politics: set out recommendations for a UK-EU reset, all of which were subsequently adopted by the UK Government.

Light at the End of the Tunnel: made the case for reopening international rail services at Ashford, which the Government subsequently committed to supporting.

Rapid Reforms: set out a package of planning reforms to unlock housebuilding and support the Government's housebuilding target.

Take Back Control: set out how skills reform and immigration policy could be brought together to reduce public hostility to immigration while strengthening the economy.

Subsequent activities and outlook

Since the period end, GGF has continued to expand its team, including he communications, policy and external affairs teams. GGF's in-house polling and focus group function gained accreditation from both the British Polling Council and the Market Research Society during this period. GGF has continued to publish policy research and campaign for reforms that give people greater agency over their life choices, and stake in the economy. The director remains committed to GGF's mission of building a fairer society through rigorous, evidence-led policy research and campaigning.

Director

The director who held office during the period and up to the date of signature of the financial statements was as follows:

P Nargund
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
P Nargund
Director
3 July 2026
THE GOOD GROWTH FOUNDATION
BALANCE SHEET
AS AT
31 OCTOBER 2025
31 October 2025
- 2 -
2025
Notes
£
£
Fixed assets
Investments
3
100
Current assets
Debtors
4
12,099
Creditors: amounts falling due within one year
5
(12,199)
Net current liabilities
(100)
Net assets
-
0
Reserves
6
-

For the financial period ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income and expenditure account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 3 July 2026
P Nargund
Director
Company registration number 16009686 (England and Wales)
THE GOOD GROWTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 3 -
1
Accounting policies
Company information

The Good Growth Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is Accountancy House, 90 Walworth Road, London, SE1 6SW.

1.1
Reporting period

The company was incorporated on 10 October 2024. These financial statements have been prepared in accordance with the FRS 102 reporting framework and cover the period from incorporation on 10 October 2024 to 31 October 2025.

As these are the company's first financial statements, no comparative figures are available or presented.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.3
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Income and expenditure

Donation and grant income is recognised when entitlement exists, receipt is probable and the amount can be measured reliably. Income received for specified projects is recognised in line with performance/entitlement and deferred where conditions remain unmet.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in surplus or deficit.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

THE GOOD GROWTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, creditors are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Taxation

Corporation tax is provided on taxable profits at the rate applicable. The company is operated on a not-for-profit basis and any corporation tax exposure is assessed based on the nature of income and expenditure.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

THE GOOD GROWTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
Number
Total
7
3
Fixed asset investments
2025
£
Shares in group undertakings and participating interests
100
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 10 October 2024
-
Additions
100
At 31 October 2025
100
Carrying amount
At 31 October 2025
100
4
Debtors
2025
Amounts falling due within one year:
£
Prepayments and accrued income
12,099
5
Creditors: amounts falling due within one year
2025
£
Trade creditors
12,099
Other creditors
100
12,199
THE GOOD GROWTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 6 -
6
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

7
Related party transactions

The donations received during the period were from Social Impact Campaigns and Enterprises Ltd, a company in which the director Praful Nargund is both a director and shareholder.

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