Our Strategy
Our strategy for 2024/2025.
Our overall strategy
Our overall strategy
Our 12 month umbrella strategy for 2024/2025 focuses on 3 key areas:
Funding
Child & Family Therapy Services
School
Overall, we have developed a 12 month strategic framework which will enable Pace to be more sustainable for the future and also give us the flexibility to be agile when additional opportunities arise.
Funding
Child & Family Therapy Services
School
Overall, we have developed a 12 month strategic framework which will enable Pace to be more sustainable for the future and also give us the flexibility to be agile when additional opportunities arise.
Funding
Funding
Over time we have become increasingly reliant on fundraising to support our school and Child & Family Therapy Services and in the current climate – as well as for our long term future – this is not sustainable.
We have recognised this and the first area of focus in our strategy is to review and restructure our fundraising into three streams:
1. School – the Public Fundraising team will focus on generating unrestricted income to continue to support the running of school.
2. Child & Family Therapy Services – the Income Generation team will focus on gaining funding from trusts and foundations to create a bursary scheme with the aim of offering free or discounted therapy sessions to families who otherwise would not be able to come to Pace.
3. Capital appeal – Caroline Bennett (COO of Pace) will lead the capital appeal to purchase the land at our Wendover Road site. This will enable redevelopment in addition to a significant reduction in our costs.
We have recognised this and the first area of focus in our strategy is to review and restructure our fundraising into three streams:
1. School – the Public Fundraising team will focus on generating unrestricted income to continue to support the running of school.
2. Child & Family Therapy Services – the Income Generation team will focus on gaining funding from trusts and foundations to create a bursary scheme with the aim of offering free or discounted therapy sessions to families who otherwise would not be able to come to Pace.
3. Capital appeal – Caroline Bennett (COO of Pace) will lead the capital appeal to purchase the land at our Wendover Road site. This will enable redevelopment in addition to a significant reduction in our costs.
Child & Family Therapy Services
Child & Family Therapy Services
We have been able to fully fund our therapy services for babies from 0-2 years old and subsidise them for children from 4-18 years old since 2018 and have worked with over 500 families in that time.
It has been possible for us to do this because we have been successful in bidding for and receiving specific funding from trusts, foundations, businesses and other organisations. We are now in a position where the funding we can gain has significantly reduced.
In order to make Child and Family Therapy Services sustainable we have reviewed and developed our pricing structure. As a result of this, we are able to continue to deliver therapy sessions at a subsidised rate for families while working towards a break-even budget by the end of 2025.
We are introducing stretch goals over the next 12 months where our aim is to increase the number of appointments. This will also generate income to cover the reduction in the external funding we receive.
The final piece of our strategy for Child and Family Therapy Services is to create a bursary fund which will enable us to offer free or discounted therapy sessions for families who would otherwise not be able to come to Pace. Funding for the bursary will be sought by the Income Generation team.
It has been possible for us to do this because we have been successful in bidding for and receiving specific funding from trusts, foundations, businesses and other organisations. We are now in a position where the funding we can gain has significantly reduced.
In order to make Child and Family Therapy Services sustainable we have reviewed and developed our pricing structure. As a result of this, we are able to continue to deliver therapy sessions at a subsidised rate for families while working towards a break-even budget by the end of 2025.
We are introducing stretch goals over the next 12 months where our aim is to increase the number of appointments. This will also generate income to cover the reduction in the external funding we receive.
The final piece of our strategy for Child and Family Therapy Services is to create a bursary fund which will enable us to offer free or discounted therapy sessions for families who would otherwise not be able to come to Pace. Funding for the bursary will be sought by the Income Generation team.
School
School
Our strategic objectives for Pace school are focused on growing our provision to enable more children and young people to attend and benefit from the unique Pace transdisciplinary approach and education.
We have created our first Early Years class this year (starting in September 2024) as the first part of our strategy. Our pupil recruitment is improving and we are working towards a point where we will need to introduce a waiting list system.
School is still over reliant on fundraising income and we are reducing that reliance through a timed programme of new fee rates for children joining our school and a fee uplift programme with local authorities which, over the next year, will fully meet the cost of provision.
We have created our first Early Years class this year (starting in September 2024) as the first part of our strategy. Our pupil recruitment is improving and we are working towards a point where we will need to introduce a waiting list system.
School is still over reliant on fundraising income and we are reducing that reliance through a timed programme of new fee rates for children joining our school and a fee uplift programme with local authorities which, over the next year, will fully meet the cost of provision.
Can you support our strategic priorities?
We are a charity making an impact, delivering specialist therapies and education for babies, children and young people with neurodisabilities.
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