Company iegistsation number.. 03527886
CbaTity registrdtion number.. 1069722
Partnership for Growth
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 30 April 2024
Hodson and Co
Wi5tOll House
I Wiston Avenue
Wortbing
West Sussex
BN14 7QL

Partnership for Growth
CoDteDts
Reference and Administrative Details
Trustees, Report
2to4
Stat¢meTJt of Tn]stees' R¢sponsibilities
Independent Auditors, Report
6t08
Statement of Financial Activities
9tolO
Balance Sheet
li
ststement of Cash Flows
12
Notes to the Financial Statem¢uts
13to27

Parther5hip for Growth
Reference and Administrative Details
Trustees
Tim Dan Weller
J Lelliott
N Heward
V John
Charity Reglstrathon Number
1069722
Company Regi5tratioD Number
03527886
The charity 15 incorporated in Englaod and Wales.
Liok House
Ferring Street
Ferrin8
West Sussex
BN12 5JP
Regislered Office
Auditor
Hodson and Co
Wiston Houe
I Wiston Avenue
Worthing
West Sussex
BN14 7QL
George Ide LLP
Lion House
79 St PaJ]cra5
Chi¢hester
West Susscx
P019 7GE
Soucltors:
Bankers
Bar¢lays Bank
Wortbing
I Chap¢l Road
Worthing
West Sussex
BNI I IEX
National Westjninster Bank
Worthing
27 South Street
Worthing
West Sugsex
BNII 3AR
Page I

Partnersbip for Growth
Trustees, Report
Th¢ lrnstees. who ar¢ directors for the purposes of compally law. present the annual report together with the
finallciai stalements and auditors, report of the Charitable company for the year ¢nded 30 April 2024.
Objectives and aetivitles
Objeels and aims
The charity's object and principal activities are the relief of pov¢rty, the advancement of ¢ducation and the
advancement of the Cl]ristian religion in any part of the world.
A key fuDdamcntal is the equipping of individuals in the benefi¢iary Coulltries with materials, tools and skills to
enable tbem to become s¢lf supporting. This is suppl¢mented by somc direct provision of Aid, and is achi¢ved
by activities which provide'.-
Gifts of Aid.
Edu¢ation for under privile8ed Children and young adults.
Sanctuary and support for under privilcged individuals.
Support of dcvelopmelll of locally led charity work.
Objectives, slrategies and aclivitits
Ai the end of April 2024 the charity maintained fLve charity shops in the Worthing Eocality. It receives donated
goods which are sold in the local clwity sbops and funds distributed to Eastern Europe. The charity continu¢s to
mainiain an E-Bay shop Online. This now manages to generate enough profit to employ a part time E-Bay
manager for 20 hours a week to expand this part of the charities operations.
Tbe war in Ukraine bas caused the charity to focus more of its attention on thi5 county. A fvndraising appeal
that was launched in Feb 2022 h&s raised a largc amount of fimds. These fi￿d6 are being distributed lo project
managers within Ukraill¢ who bavc a long association and relationship with tbe charity. Fund have becn going
to fimd humanilari8n aid in the fotrn of food, tnedicines, clothing and water supply.
Project money is raised and admiillslered in the UK alld channelled into a variety of projects. These range from
educatioll projects such as a kindergarten, homework club, parents school, Emmaus Club et¢ through to social
arc proje¢tS such as Cantcens for th¢ elderly, Lost & Found project, obtaining birth ¢¢rtificates, wasbing
macbine ministy and many other project5.
Public beneJ71
The trustees have referred to tbe guidance contained in tbe Cbarity Commission's general guidance on public
benefit when reviewing Ibe cbarity's aill￿ and objectives and in planning fvture activities.
The trustee5 confum tbat thcy have Gomplied with the requirements of section 4 of the Charilies Act 2011 to
bavc due regard to the public benefit guidance published by the Charity Commission for F.ngland and Wales.
Use of volunleers
Thc charity 15 heavily dcpendent upon voluntary support to maintain its shop operation. and Shoebox Appeal.
and utilise5 Other voluntary suppo¢ e.g. warebous¢ operations.
Page 2

Partnership for Gro)vth
Trustees, Report
Financial review
Policy on r¢seryes
The trustees have examined tb¢ clwity's requirements for res¢rves in ligbi of the main risks to the organisatiotL
The t￿SteeS will ciJntiDue to review the financial affairs of the cbarity with tbe aim to increase income, cut costs
and to improve overall control of its operations. The trustees consider that the present level of fullding wiIl be
adequate to support the continuation of the charity and for it to fillfil its obligations.
tncome peaks annually as a result of tbe Shoebox Appeal, and cash flow is consequently managed on an overall
yearly basis. No reserves are h¢ld other than on a short terni basis. although unrestricted reserves available at the
year end are considered adequate to support the charity through thc cyclo
The t￿￿tee5 actively review the major risk5 that the charity faces on a re8ul&r basis and believe that maintaining
reserves at current levels, Combined with the annual review of tbe Colltrols over key f￿ancIal systems, will
provide sufficient re$ourGcs in the evenl of adverse conditions. The tnLStees bave also examined other
operational and business risks faced by th¢ charity and confirni that they have established systems to mitigate
the significant risks.
Investmenipolley and objectives
The objectives of the company authorises it to invest and dcal with rnoneys not immcdiatcly rcquired for its
purposes in and upon such invcstrncrLts securities alld property as may be tbought fil.
Going coneer
Th¢ charity has r¢vi¢wed it's financial perfornwlce and general reserve5 P051tion. The cbarity has adequate
financial resources and is able to manage il's business risks. Th¢ Ch￿ity's planning pro¢¢ss has tsken into
consideration the curreDt economic climate and its potential in]pact on the vaTiOU5 sources of income and
planncd expenditure.
Taking into account all factors the charity bas reasonable expectation that it has adequate resources to continue
in opcralional existcnce for tbe foreseeable fjjture and believe that there are no material uncertainties that call
into the charity's ability to continue in operation. The income is such tbal tho thstces have a reasonable
expectation that the ¢harity will contiDue in operational existence and expand in the future. AccordAngly, the
accounts bave been pr¢pared on the basis tbat tbe charity is a going concern.
Trustees and oftlcers
The tn￿teeS and officers serying during the year and since the year end were as follows:
Trustees..
Tim Dan Weller
J Lelliott
N Hewatd
V John
Page 3

Partnership for Growth
Trustees, Report
Structur4 governance and management
Nathre ofgoverning document
The charity is constituted as a company by guarantee, and is therefore governed by a memoralldum and articles
of association.
RecruiÉmtn¢ and qppoinlmenl of trustees
Ail dire¢tors of the company are also ITUStces of the cbarity, and there are no other t￿Stees. The Board has the
power to appoint additional trustees as it Considers fit to do so.
None of thc trustees bas ally beneficial interest in the charity. All of the trustees ar¢ members of the company
and guarantee to contribute £1 in the event of a winding up.
Induction and tralning oftrustees
Poteotial tn￿1¢¢8 are selected OD the basis of their personal qualities, Cbrislian commilmenl and familiarity with
the complex issues involved. A speciality IiDking to ¢harity needs is also sought. New truslees are made familiar
with Ibe charity vision, operation and goals by dialogue with existing petsoJ)nel and provision of minutes and
other literature pertaining to charity activity.
All trustees are aircady familiar with the praclical work of the charity. New trustees are encouraged to attend all
managernent commitiee meetings. Short training sessions (if r¢quir¢d) to familianse new trustees with the
charily and the context within which it operates are provided by the Genernl Managcr.
Organuational structhre
Thc charity is organised so that the trustees meet regularly to manage its affairs. The trustees meet at least
quartcrly with additional meetings as required. The charity is ovcr5CCD by the trustees, supported by paid staff
and voluntc¢rs. The organisation operates in the UK from prcmiscs in Fetring Street, Ferring.
Kcy strat¢gic and administrative decisions ar¢ made by agreement of the trustees, and dclcgalcd as appropriale.
Day lo day managemcnt of the charity is delcgated to the General Manager, Lisa Hcctor.
Dlsclosure of Informatlon to auditor
Eacb trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any
relevant audit informatioTh and to establish that the charity's auditor is aware of that infO￿allOn. The tTuslees
confllm that there is no relevant infonnatloll tbat they know of and of which they know the auditor is unaware.
The atwual report apptovcd by the In￿lee5 of the charity on .,.,.. .... . ..... and signed on its behalf by:
V John
Trustee
Page 4

Partnership for Growth
Statement of Trustees, Responsibilities
The trustees (who are also the directors of Partnership for Gn)wtb for the purposes of compally law) are
responsiblc for preparing the trustees, report and the financial statements in accordance with applicable law and
UDitcd Kingdoro Accounting Siandards (United Kingdotu Generally Acccpted AcCOL￿tIng Practice). including
FRS I02 "The Financial Reporting Standard applicable in the UK aDd Republic of treiand"
Company law requires the tsustees to prepare financial statements for ¢acb financial year. Under company law
the tr￿lte¢S must not approve the financial statements uraess they ar¢ satisfied that they give a true and fair view
of th¢ state of affairs of the charitable company and of the incoming resources and applicauon of resources,
including its income and cxpenditure, of the cbaritable company for that period. In preparing these financial
statements, the trustees are required to..
selcct suitable ac¢ounting poli¢i¢s and apply thcm consisteDtIy'
observe the methods and principles iti tb¢ Charities SORP.
make judgements and estimatcs that arc reasonable and prudent.
state whether &ppli¢able accounting standard5, comprising FRS 102 bave been followed, subject to any
material departures disclosed and explained in the fmaucial statements. and
prepare the financial statements on the going con¢¢rn basis unlcss il is inappropriate to presume that tbe
harilable company will conltnue in business.
The trustees are responsible for keeping proper a¢¢ounting records that can disclose with reasonable a¢¢uracy at
any time the fmalleial position of the charitable COD]pany aud enable them to ensure that the f￿anCIaL siatements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable
company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Thc trnstees Are Tcsponsible for the rnaintenance and integrity of the corporate and financial inforniation
included on the cbaritable companYs website. Legislation govcrning th¢ preparation alld dissemination of
f￿anCIaL statcments may differ from legislation in othcr jurisdictions.
Approved by the trustees of the charity on *..., ...., . .
. and 8i8ned on its b¢haifby'.
TNslee
Page 5

Partnership for Groivth
Independent Auditor's Report to the Members of Partnership for Groivth
OpinioD
We have aUdIt￿ the financial stafytnents of Partnership for Growth {the 'charily') for the y¢ar ended 30 April
2024, which comprise the Stalernont of Financial Acliviti¢s, Balance Sheet, Statement of Cash Flows, and Notes
to the Financial Statements, including & summary of SI￿1ficallt accounting policies. The financial reporting
framework that has b¢¢u applied in their preparation is United Kingdon) Accounting Standards. comprising
Charits'es SORP - FRS 102 The Financial Reporting Standard applieablc in the UK and Republic of Ir¢land' and
appli¢able law (Utiited Kingdom Generally Acccpted Accounting Practic¢).
In our opinion the f￿￿￿¢181 statements:
give a true and fair view of the state of the charity's affairs as at 30 April 2024 and of its incoming resource5
and application of resources, including it5 income and expenditurc, for the ycar then ended:
have been properly prepared in accordance witb United Kingdom Gell¢rally Accepted AccouDtiDg Practi¢e'
bave bccn prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnion
We conductcd our audit in accordan¢e with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our respoDsibilities under those standard8 are further described in the audllor responsibilities for
the audit of the fmancial slalemenls section of our report. We are indepeDdent of the charity in accordance with
thc ethical requirement5 that are relevant lo our audit of Ibe financial statements in the UK, including the FRC'S
Ethical Standard, and we have fulfilled our other ethical responsibilities in a¢¢ordance with these requirerneDts.
We beli¢ve that tbe audit evidencc we have obtsilled is sufficient and appropriale to provide a basis for our
opinion.
Other knforn￿ti0ll
Tbe trusl¢cs are rcsponsiblc for the other inforn)ati¢)n. The othcr inforniation cotnprises thc information in¢ludcd
in the annual rcport, othcr than thc financial statcrnents and our auditor's rcport thereon. OUT OPiDlOn on the
finao¢ial statements does not cover the other infornlation and, except to tbe extent otherwise expli¢itly stsled in
our report, we do not express any forni of assurance Conclusion thercon.
tn cot)neclion with our audit of the fmancial slalements. our responsibilily is lo r¢ad the oiher infornmtion an
in doing so, consider whether Ihe other inforniation is malerially inconsistent with the financial statements or
our knowlcdge ubtained in the audit or othenvise appears to be materially misstated. If we idcnlify such mat¢rial
inconsistcncies or apparent material misstatements, we are rcquired to dctcrn]ine whether there is a material
mi5Statcment in the financial statcments or a Jnalcrial misstatement of thc other infotmalion. If, bascd on the
work we ljavc perforn]ed, we conclude tbat thcre is a malcrial misstatement of this otber infornmtion. we are
required to report that fa¢t.
We have nothing to report in this regard.
Matters OD which we are required to report by exceptlon
In the light of our knowledge and understanding of the charity and its cnvironmenl obtained in the course of the
audit. we have not identified material Misstatc￿¢nts in the Trustees, Report.
We have nothing to Teport in respect of the following matters in relation to wbi¢b tbe Charities Act 201 E
requires us to report to you if, in our opinion..
Page 6

Partnership for Growth
Independent Auditor's Report to the Members of Partnership for Growth
adequate accounting records have not been kept. or rebmis adequate for our audit have not been received
from branches not visited by us. or
the finaacial statements are not in agreement with the accounting records and returns. or
rtain disclosures of trustees remuneration specified by law are not mad¢. or
we have not received all the inforniation and explanations we require for our audit.
Re5pollsibilltles of trustses
As explained more fully in the Statement of Trustees. Responsibilities (sel out on page 5), the trustees are
responsible for the preparation of the financial statements and for being satisfied that tbcy giv¢ a trne and fair
view, and for such internal control as the tnjstees det¢rtt)itie is necessary lo enable th¢ prcparation of financial
stsletllents that are free from material misstatcmcnL whether due to fraud or error.
In preparing the financial statements. the trust￿8 ar¢ responsible for assessing the charity's ability to continue as
a going con¢crn, disclosing, as applicable, mattcrs related to going Concern and using the going conccrn baqis of
accounting unless th¢ trustees either intend to liquidate tILC cbarity or to ¢e&se operations, or have no realisliG
alternative but to do 50.
Concluslous rel4llng to going ¢on¢erD
In auditing the f￿ancIal Statements, we have concluded that the trustees use of the going ¢onc¢rn basis of
accounting in the preparation of tbc financial statements is appropriat¢,
Based on the work we have perfornied, we have not identified any material uncertaintics Tclating to event5 or
conditions tbal, individually or collcctivcly, may cast significant doubt OD the Charity's ability to continue as a
going concern for a period of at least twelv¢ months from when the original financial ststements werc authorised
for issue.
Our responsibilities and the r¢sponsibilities oftbe trustees with respect lo going concern are described in the
relevant sc¢tions of this report.
Auditor respon81bllides for the audlt of tbc fiDaDcial slatemenls
The tn￿tee5 hav¢ Clcclcd for the financial statcrncnts to bc audited in accordance with the Charities Act 2011
rather than the Companies Act 2006. A¢cordingly, we bavc been appointed as auditor under section 144 of thc
Charities Act 2011 and report in accordance with regulatioDS made under sectioa 154 of that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our
opinion. Re&sonable assurancc is a high level of a55uran¢¢. but is not a 8uarantce that an audit conducted in
accordance with ISAS (UK) will always d¢te¢t a material misstatement whcn it exists. Mis5talements can arise
from fraud or error and arc considered rnaterial if, individually or in tbe awcgate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these fujancial statcments.
Irregularities, including fraud, are instanccs of non-compliance with laws glld regulations. We desigll procedures
in line with our respon5Lbilities to d¢fr¢t material misstatements in respect of itregulatities. illGluding fraud. The
extent to which our procedures capable of dete¢titig irregularities, including fraud, is detailed below.
Obtaining an understanding of the legal and regulalory frameworks that the charity operatcs in, focusing on
those laws and regulations that had a direct effecl on the fmancial statements;
Enquiry of management to identify any inslances of knowi or 5uspe¢ted instances of fraud.
Enquiry of management and those cbarged with gov¢rnaDce around actual and potential litigation and
claims;
Page 7

Partnership for Growth
Independent Auditor's Report to the Members of Partnership for Growth
In addressiDg the risk of fraud tbrough management override of controls, we tested Ibe appropriateness of
journal entries and other adjustments, assessed whether the judgements made ID making accouuting
estimat¢s were indicative of a potential bias and tested sigllificaut transactions tbat are unusual or those
outside the nornlal coutse of b￿l￿¢SS.
Reviewing ttlinutes of rneetings of those charged with governance. and
Reviewing fman¢ial statement disclosures and testing to supporting documentation to assess Compliance
with applicable law5 and regulations.
Owing to the inherent limitations of an audi¢ there is an unavoidable risk tbat we may not have detected some
material n)isststements in the financial statements, even thougb we have properly plaDned and perforn)ed our
audit in accordallce with auditing Standards.
In addition, as viith any audit, thcre remained a higher risk of non-delection of fraud, as these may involve
collusion, forgery, intentional omissions, misrepresentstions, or th¢ overridc of inl¢rnal controls. Our audit
procedurcs are deS1￿¢d to detect Tnaterial misslatement. Wc are not responsible for prcventing nott-compliance
or fraud and Car￿0t be expected to detect noDcomplian¢e with all laws alld regulations. If a breach of
operational re¥ulations is not disclosed to us or cvident from relev8nt corrwpondenc¢, an audit will not detect
that breach.
A further des¢riptlOD of our responsibilities is available on thc Financial Reporting Council's website at:
www.frc.org.uklauditorsrespon$ibilitses. This d¢$cription forn￿ part of our auditor's report.
Use of our report
This report is made solely to the charitablc company's trustecs, as a body, iti accordance with Chapter 3 of Part
16 of th¢ Companies Act 2006. Our audit work has been undertakcn so that we might state to th¢ charity's
trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the
fidlegl cxlenl p¢rniillcd b law, we do not a¢Gept 01 assume responsibility to anyone othcr tban the charilable
mpany aThd its In￿$
a body, for our audit worl for tbis report, or for the opinions we bave fom]ed.
Matthew Hodson (Senior Sta￿tOry Auditor)
For and on behalf of Hodson and Co, Siatrjtory Auditor
Wi5ton House
I Wiston Avenue
Worthing
West Susscx
BN14 7QL
Pag¢ 8

Partnership for Growth
StaterneDt of Financial Activities for the Year Ended 30 April 2024
(IDcluding Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
Unrestricted
funds
Restricted
lllnds
Total
2024
Note
Ineom¢ and Endowments from:
Donations and legacies
Other trading activities
Investment income
Other income
673.489
686.673
791
10,720
673,489
692,862
791
10,720
6.189
Total in¢om¢
1371.673
6,189
1377 862
ExpeDditure oll:
Raising funds
Charitable aGtivitics
Other expenditure
(615,403)
(722,226)
750
(615,403)
(780,045)
750
(57,819)
Total expenditurc
Net incorne/(expenditure)
Transfers between fl￿dS
1.338.379
57.819
1,396,198
33,294
27,427)
(51,630)
27,427
(18,336)
N¢t movement in fi￿d$
5,867
(24.203)
(18,336)
Reconciliation of funds
Total fi￿d8 brought forward
260,549
240.946
501,495
Total fund5 carried forward
20
266416
216743
483,159
The notes on pages 13 to 27 fonn an integral part of these financial ststcments.
Page 9

Partnership for Growth
Statement of Financial Activities for the Year Ended 30 April 2024
Uncluding Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
Unre5tri¢ted
funds
Restricted
lunds
Total
2023
Note
Income and Endowments from:
Donations and legacies
Other trading activities
Other income
666,380
668,791
14.813
26,600
58,881
675
692.980
727,672
Total income
1349.984
1436 140
Expelldlture on:
Raising fijnds
Charitable activities
Other expcThdithre
(623,700)
(594.579)
(750
(11.204)
(175,576)
(634,904)
(770.155)
750
Total cxpcnditure
1,219,029
(186,780
1405,809
Nct in¢ome/(expenditrJr¢)
Transfers between fiJDds
130,955
(96.803
(100.624)
96.803
30,331
Net movement in fimds
34,152
(3,821)
30,331
Recon¢lllatlon of funds
Total funds brought forward
Total fiJnds carried forward
226,397
244,767
471,164
501,495
20
260,549
240,946
All of the charity's activitics derive from continuing op¢rations during tbe above two periods.
Thc fimds brcakdown for 2023 is shown in note 20.
The notes on pages 13 to 27 forni an inlegrnl part of these fmancial slalemenls.
Page 10

Partnership for Growth
(Registration number: 03527886)
Balance Sheet as at 30 April 2024
2024
2023
Note
Fixed assets
Tangible assets
15
97,140
82,563
Current assets
D¢btors
Cash at bank and in hand
16
28,442
396,577
27.454
451.415
425,019
478,869
Creditors: Amounts faiilng due wlthin one year
17
{28,028
38.316
Net current asset5
396,991
440,553
Tot*1 assets less current Ilabllltle$
494,131
523.116
Creditors: AmouDts fauiug due after more than one yeAr
Net asset$
483,159
501495
Funds of tbe charity:
Restrlcted Income funds
Restricted fimds
216,743
240,946
Unrestrleted ineome funds
Unrestricted fimds
266,416
260 549
Total funds
20
483,159
501495
cial statemcnts on pages 9 to 27 were approved by the trustees, and authorised for issue on
I f and signed on their behalf by:
VJOI
Trustee
The notes OD pages 13 to 27 forni an integral part of these f￿anCi￿ statements.
Pa¥ell

Partnership for Groivth
Statement of Cash Flows for the Year Ended 30 April 2024
2024
2023
Note
Cash floiys from operatiDg aetivities
Nct cash (expenditureyinGorne
(23,336)
30,331
Adjustments to ¢a$h (iojys from nonrfash ilems
Depreciation
tnvesth]¢Dt income
3,071
791)
10,346
{21.056)
40,677
Worklng caplt21 adjustments
tncr¢ase ID debtors
Decreasc in creditors
16
17
(987)
(5,289)
(9,194)
8,391
Net ca5b flows from operating activities
Casb flows from inv¢stiDg activltles
IntCTes¢ received
Acquisition of intangibl¢ assets
Net casb flows from investing activities
C&$h flows from finaDclng acdvlties
Rcpayment of bank borrowings
791
17,648
(16,857)
(10,649
(9,680)
Nel (decrease)lincrease in casb and casb equivalents
Casb and casb equivalenls at l May
Cash and cash cquivaleDts al 30 April
(54,838)
451,415
13,412
438,003
396,577
451,415
All of the cash flows are derived from ¢ontinuing operations during thc above Iwo periods.
The notes on page5 13 to 27 forni an integral part of these fmancial statements.
Page 12

Partnersbip for Growth
Iyotes to the Financial Statements for the Year Ended 30 April 2024
I Charity statss
The charity is limited by guarantee. In¢o￿Orated in England and Wal¢s. aDd consequently does not have share
apital. Each of th¢ trust¢cs is liable to contribut¢ att arnount not ￿Ceedillg £1 towards the assets of the cbarity
in the event of liquidation.
The address of its registered office is-
Link House
Ferting Street
FerTing
West Sussex
BN12 5JP
2 Aeeounting policies
Summary ofsignific2nt accounllng policles *Dd key aeeountlng ¢sdmates
The principal accounting policies applied in the preparation of th¢sc financial statcmenls are sct out below.
These policies have been consistently applied to all the years presented, utJess otherwise staled.
Statement of eompliance
Th¢ financial statements have been prepared in accordance with A¢¢ounting and Rcporting by Charilies:
Statement of Recomrncnded Practice (applicable to charitiC5 preparing thcir accounts ID accordance with tbe
Financial Reporting Standard applieable in ihe UK and Republi¢ of treland (FRS I02)) (issued in October 2019)
(Charities SORP (FRS 102)), tbc Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) and thc Companies Act 2006.
Basls of preparatlon
Partnership for Growth meets the defmition of a public benefit entity und¢r FRS 102. Assets and liabilities are
initially recognised at historical cost or transaction value unless otberwise stated in the relevant accounting
policy notes.
Golng CODcern
Thc trustees consider that there are no Material uncertainties about the charity's abilily to continue as a going
Concern nor any significant arcas o(Ullcenainly that affect the carrying value of assets held by thc charity-
Judgement$
Th¢ preparatloll of tbe financial statements requires managern¢nt to rnak¢ judgemcnts, estimat¢s and
assumptions that affect the arnounts reported. These estimates and judgernents are CQDtinually reviewed and are
based on experien¢e and other factors, including expectations of futLLre events Ibat are believed to be reasonable
under the circumstances.
Donated shoeboxcs arc filled with item5 from a standard list. Thesc are valued at £20 eacb with reference to the
standard list and reviewed annually.
Income aud endowments
All illcome is rccogDised once the charity has entitlement to th¢ income. it is probable that the income will be
received and the amoullt of the income receivable can b¢ measured reliably.
Page 13

Partnership for Growth
Notes to the Financial Statements for the Year Ended 30 April 2024
Donalions and l£g4cies
Donations are recogllised when the charity has been notified in writing of botb the amount and settlement date.
In the event that a donation is subject to conditions that require a level of performance by tbe charity before the
charity is entitled to the fimds. the incorne is defe￿¢d and aot recoglliS¢d until either thos¢ collditions are fully
ynet. or the fulfilm¢ut of those conditions is wholly within the control of th¢ Charity and it ts probable that these
conditions will b¢ fulfilled in the reporting period.
Legacy gifts are recognised on a cas¢ by case basis following the ￿allt of probate when the
administrator/executor for the estate has communicated in writing both the amount and settlement dale. In the
event that the gift is in the fom] of an assct other than cash or a financial ￿Sel traded on a re¢ogDised stock
exchange, recognitiou is subject to the value of the gift bcing reliably measurable with a degree of rca50nable
accuracy and the title to the asset having been transferred to the charity,
Granls receivable
Grants are recognised wbcn the charity has an entitlement to the funds and any conditions linked to ibe grants
bave bcen meL Where performance conditions ar¢ attached to the grant and are yct to be mct, the income is
recognised as a liability and included on the balancc sheet as d¢ferred income to be released.
Expenditure
Expendityre is recognised on an accrual basis as a liability is incuTrd. Expenditure includes any VAT which
cannot be fully recovered, and is reported as part of the expenditure to w&i¢b It relates:
Costs of generating funds Comprise the costs associated with attracting voluntary income and tho costs of
trading for fundraising purposes including tbc charity's shops.
Charitsble expenditure comprises those costs inCUr￿d by the charity in the delivery of its activities and services
for its membcrs. It includes both costs that can bc allocated directly to such activities and tFLose costs of an
indirect natute nccessary to support them. Where costs cannot bc directly attributed th¢y are cstimaled based on
activity leve15 in relation to staff costs.
Donations paid for the relief and dcvelopment of projects are included in tbe statement of fllW)cial activities
when donated. Donated sho¢boxes are included in Provision of Aid when donated by the Ch￿lty.
Governance costs includc those costs associated with meeting thc constitutional and slatulory requirements of
the charity and include the audit fecs and costs linkcd to the strategic managcment of tbe charity.
Support costs
Support costs include ccntral fi￿ctIOnS and have be¢n allocated to activity cosl catcgories on a basis consistent
with the use of resourccs, for example, allocating property costs by floor areas, or per capita, staff costs by tb¢
time spent and other costs by their usage.
Taxation
The charitable company is rcgistered as a charity and is exempt from taxation {except for Value Added Tax) on
its incom¢ aud capital gains applied for charitable purposes.
Page 14

Partnership for Growth
otes to the Financial Statements for the Year Ended 30 April 2024
TaDgible flxed as5Cts
All fixcd asscts arc initially recorded at cost. TaDgiblc fixcd asset additions are capitalised and depreciated in th¢
year of purchase. Expenditure of les5 than £500 is not capitalised and is charged as an expense ill th¢ statement
of financial activities.
Deprethtlon and amort150don
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimatcd
residual value, over their expected usefjjl e¢onomi¢ life as follows:
Asset clas$
Motor vehicle
Equipment
Leasehold
Plant & machinery
Depreciation method and rate
Over 4 years
Bctsveen 2 and 5 years
Over 35 years
Over 4 years
Imp21rm¢nt of ￿ed *sscts
A review for indicators of impairmcnt is carried out at each reporting date, with the recovcrable amount being
estimated where such indicators exist. Whcre thc canying value exceeds the recoverable amount, the ass¢t is
in)paired ac¢ordingly. Prior impairnients are aIso reviewed for possible reversal at each reporting date.
For tbe purposes of impainJent testing, when it is not possible to estimate the recoverable 8mount of an
Individual asset, an estimate is made of the recoverable amount of the cash-generating unit lo whi¢h the asset
belongs. The cash-generating unit is the smallest idcntifiable group of assets that includes the asset and
generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Trade debtors
Trad¢ d¢btors are amounts due from Customers for merchandise sold or servic¢s p¢rfonned in the Ordinary
course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently m¢asur¢d at amortised cost
using the effective interest method, less provision for impaimient. A provision for the irllpairnjent of trade
debtors is established when there is objective evidence tbat tbe charity will not be able to collect all amounts due
according to the original tenns of the receivable5.
Cash And cash equlvalents
C&8h aDd c&sb cquivalents eomprise cash on hand and call deposits, and other short-terni highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of
change in value.
Trade Creditors
Trade creditors are obligations to pay for goods or service5 that have beell acquired in the ordinary Course of
business frotu supplier5. Accoullt5 payable ar¢ classified as curren¢ liabilities if the cbarity does not have an
unconditional rigbt, at the end of the reporting period, to defer settlement of the Creditor for at least twelve
months after the reporting date. If there is an unconditional right to dcfer settlement for at l¢ast twelve rnontbs
after th¢ r¢porting dat¢. they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost
using the effective interest method.
Page 15

Partnersbip for Growth
Notes to the Financial Statements for the Year Ended 30 April 2024
Fund structure
Unrestricted incomc funds are g¢neral fimd8 that are available for use at the trustees discrotion in furtbcTance of
the objectives of thc charity.
Resttieted income fi￿11$ are those donated for use in a particular ￿ea or for sp¢¢ifi¢ puryjoses, tbe use of which
is restricted to that area or purpose.
Designated fuDds are uwe5tricted fimds eannarked by the trustees for particular putposes.
Fln4Delal instruments
Classification
Th¢ charity only has fmancial assets and financial liabilities of a kind that qualify as basic fmancial instnunents.
Basic finallcial instnllneuts are initially recognised at transaction value and subsequently measured at their
settlement value with thc exception of bank loans which arc subscquently measured at amortised cost using the
effective interest metho
Deflned contrlbution plan
Contributions to dcflned contribution plans are r¢¢ognised as an expense in tbc period in wbich th¢ related
service is provided. Prepaid contributions are recognised as an a55el to the extent that the prepayment will lead
to a reduction in future payments or a casb r¢fund.
When contributions are not cxpected to be settled wholly within 12 tnonths of ihe cnd of the reporting date in
whicb the employees render the r¢lated scrvice. the liability is measured on a discounl¢d present value basis.
The unwinding of th¢ discount is r¢cogllis¢d as an expense in the period in which it arises.
3 Net IDcomlnWoutgolng re$our¢es
Nct (outgoiug)lin¢oming resources for the year include:
2024
2023
Audit fces
Depreciation of f￿ed assets
5,060
4,250
10,346
4 Income from donatlons and lega¢les
UDrestrl¢ted
funds
General
Total
2024
Total
2023
Donations and legacies.
Donations and gifts
Leg&ie5
Gift aid reclaimed
Grants, including capital grant5"
Grants from other charities
661,381
661,381
650,176
21,415
15,963
12,108
12,108
5,426
673,489
673,489
692.980
Page 16

Partnership for Growth
Iyotes to the Financial Statements for the Year Ended 30 April 2024
5 Income from other tradlng actlvltles
Unrestricted
funds
General
Restricted
nds
Total
funds
Trading income.
Shop income
Fundraising events
595,006
91.667
595,006
97,856
6.189
Totsl for 2024
686 673
6,189
692,862
Total for 2023
668 791
58,881
727.672
6 Other Income
UDre5tri¢ted
Total
2024
Tot
2023
General
Gift Aid tax reclaimed
Gift Aid tsx reclaimed
Other income
675
5,267
9,546
5.720
5.720
5,000
10.720
10,720
15,488
7 Expendlture on ralslng funds
a) Costs of generatlng doDatlong and Aegacles
Uarestrl¢ted
TotAI
2024
TotAI
2023
General
lio¢e
Staty costs
Marketing and publicity
Establishment ¢osts
Other direct costs of generating voluntary
inwr¢
80,054
395
30,527
80,054
395
30,527
98,000
1,844
20,263
27.698
27,698
23,296
143,403
138,674
138.674
Page 17

Partnership for Growth
Iyotes to the Financial Statements for the Year Ended 30 April 2024
b) Costs of trading aetivitie5
UDrestrict¢d
funds
General
Tot
2024
Total
2023
Nottr
Fundraising trading costs.
Publicity
Shop costs staff
Shop Costs - estabiisbment
Deprcciation, amortisation and other similar
Costs
Other direct costs of activities for generating
funds
Ajlocated support costs
2,673
261.259
161,521
2.673
261,259
161.521
5,445
239,870
175,760
3,070
3,070
10,346
48,206
48.206
59,112
968
io
476 729
476 729
491501
Pag¢ 18

Partnershfip for Growth
Notes to the Financial Statements for the Year Ended 30 AprAI 2024
8 E￿endIknre oll charitable activities
Unrestrlcted
Total
2024
Total
2023
General
Restricted
Education and skills
Provision of aid
130,083
592.143
57,819
187,902
592.143
181.536
588,619
722 226
Aetivity
undertaken
direetly
780.045
770,155
ActI￿ty
support ¢ost$
Total
2024
Tot4l
2023
Education alld skills
Provision of aid
174,749
550 693
13.153
187,902
592 143
181,536
588 619
780 045
770 155
Of the above cxpenditure in 2024, £57.819 {2023 £175,576) was attributablc to Restricted Funds.
included in the expendittue analysed above, there are also governance costs of £11,561 (2023: £10,659) whicb
relate directly to charitable activities. See note 10 for further details.
9 Other expenditure
Unre5trlcted
funds
Gener41
Total
2024
TotAI
2023
Note
Other resources expended
750
750
750
750
750
750
Page 19

Partnership for Growth
Notes to the Financial Statements for the Year Ended 30 April 2024
10 Analysis of governanee and support eosts
Support costs allocated to charitable activities
Total
2024
Total
2023
Staff costs
B%sis of allocatfion
See below
Support costs
54.603
Basis of alloe4tloD
Reference
Method of allocatlon
Educatioll and skills 250/0 of the administration costs
Provision of aid
750/0 of the administratlOD costs
Governanee eo$ts
Unre5tri¢ted
funds
General
Total
2024
TotAI
2023
Audit fees
Audit of the fmancial statements
Other fees paid to auditors
Legal fees
Other governance costs
5,060
1,728
2,409
2,364
5,060
1,728
2,409
4,250
1,431
2,922
2,056
11,561
Page 20

ParthershRP for GroTrYtb
otes to the Financial Statements for the Year Ended 30 April 2024
11 Trustees remuneration 2nd expenses
No trustees, nor any pcrsons connected with them. hav¢ roceived any rcmuneration from th¢ chatity during the
year.
No trustees have re¢¢ived any reimbursed expenses or ally other b¢nefIts from the ¢harity during the year.
12 Auditors, remuneration
2024
2023
Audit of the fU￿n￿la1 statements
5.060
Other fees to 4uditors
All other non-audit services
1,728
13 Taxatlon
The charity is a registered charity and is therefore exempt from taxation.
14 Staff ¢08ts
The aggregate payroll costs were a5 follows:
2024
2023
Staff c05t5 durlng the year were;
Wagcs and salari¢s
Social security costs
Employer contribution to peosion plans
315,743
22,822
7,493
307,505
22,142
7.319
346,058
336,966
The Monthly average Dumber of persons (in¢luding senior management I leadership team) ¢mploycd by the
kwity during the year expressed as fiill time equivalents was as follows..
2024
2023
Number of production staff
Number ofmanagement staff
18
20
20
No employee received emoluments of more than £60.000 during the year.
Page 21

Parthership for Growth
Notes to the Financial Statements for the Year Ended 30 April 2024
15 Tangible fixed a55ets
Land and
buildings
FurnRture alld
equipment
Motor veblcles
Total
Cost
At l May 2023
Additions
88.766
33.856
52,539
175,161
At 30 April 2024
106414
192 809
DepreclAtion
At l May 2023
Charge for the year
At 30 April 2024
Net book value
32,939
535
52,536
92,598
2.536
9,659
33,474
95,669
At 30 April 2024
382
97,140
At 30 April 2023
917
82,563
Included within th¢ nel book value of laDd aDd buildings above is £17,648 (2023 - £Nil) in respecl of freehold
land and buildings and £79,107 (2023 - £81.644) in respect of le&8eholds.
16 Debtors
2024
2023
Tradc dcbtors
Prepayments
VAT recoverable
14.150
11,939
2,353
14,473
10,598
2,383
28,442
27,454
Page 22

Partnership for Growth
Notes to the Financial Statements for the Year Ended 30 April 2024
17 Creditors: all￿U￿t$ f2llitig due Ivithin one year
2024
2023
Bank loans
Trade creditors
Othcr tLxation and social security
Other creditors
Accrua15
10.648
1,253
8,970
972
6.185
10.648
913
18,253
3,223
28,028
18 Creditors: Amounts f#lling due after one year
2024
2023
Bank loans
10,972
19 Obllgatlons under leases and hlre purchase contr&ctJ
Operatlng lease COLnmltmeRtJ
Total fijture minimum lease payments under non-callcellable operatitig leases are as follows:
2024
2023
Within one year
BetwecD one and five years
48,373
67,040
118807
118890
185,847
Pag¢ 23

Partnership for Growth
Notes to the Financial Statements for the Year EDded 30 April 2024
20 Funds
Balatl
May 2023
Incoming
resources
Resources
expended
Bal at 30
April 2024
Tfrs
Unrestricted
General fund
260,549
1.37 1,673
(1,338,379)
(27.426)
266,417
Rcstrl¢t
Moldova Soup kitchen
Future Changed Project
It￿ of Love-meals OD
Whccls-Dancu
Emmaus Club-special
N¢eds-Dancu
Cluj - shower blo¢k
The Duckers MoldovaD
Mission
Cluj - Romania
Dubovca
P¢rvomaiscoe
Bags of Education
Good Homes for All
New Living Will Legacy
Washing Machioc Project
I am Appeal
Ukraine appeal
Bo£ieni
Andreea's Eyesight
New Chitpan Project
Dancu Social Work
Alena - Ukraine
374
3,072
50
3,025
(4,000)
(18,440)
3,576
12,343
(4,000)
4,000
(2,466)
(751)
2,466
15.187
200
14,636
150
2,209
700
6,590
6,415
62
22,150
1,278
3,795
172,221
5,000
1.743
(120)
(1,530)
30
125
1,000
804
1,700
(8,250)
(180)
1,660
923
7,158
62
22,150
,490
356
165,046
974
1,743
212
61
(3,500)
(7,175)
(4,026)
(600)
(2.781)
600
2.781
593
593
Total restrlcted
240,946
57,819
27,426
216,742
Total fund$
501,495
1.377,862
1,396,198)
483,159
Page 24

Parthership for Growth
Notes to the Financial Statements for the Year Ended 30 April 2024
BalaDce at
30 Aprll
2023
Balance at I
May 2022
Incomlng
resources
Resources
expended
Transfers
Unrestricted funds
General
General fund
226,397
1,349,984
(1,219,029)
(96,803)
260,549
Restricted
Moldova Soup kiichen
Future Changed Project
Inn of Love-meals on
Wheels-Dancu
Emrnaus Club-SpcGial
Needs-Dancu
Cluj - sbowcr block
The Duckers Moldovan
Mission
Cluj - Rotnallia
Dubov¢a
Pervomaiscoe
Bags ol Education
Good Homes for All
New Living Will Legacy
Dubcovca Emergency
Wasbing Macbin¢ Project
I am Appeal
Ukraine appeal
Bozieni
Andreea's Eyesight
Balkan Tbrce Peaks Trek
Club LiDk
Kickslart Schcme
LiJk Emergency Fund
New Cbirpan Project
Total restrieted funds
130
11,231
(5,330)
(56,086)
5,574
22,104
374
3,072
25,823
(12,000)
12,000
(7,398)
(1,800)
7,298
2,700
10,912
3J75
15,187
235
212
660
325
1865)
(8,823)
1900)
(10,500)
(850)
120
10,495
1.600
16,895
120
(i)
150
2209
700
6,590
6,415
62
22,150
195
4206
2,939
63
22,150
5,050
2,712
3,048
171,623
{5,050)
(1,369)
551
747
46.329
(616)
1.278
3,795
172,221
5,000
1,743
(41,635)
(9,788)
(4,096)
14,788
1,743
10.062
4,332
2,170
(10,738}
(10,580)
(4,485)
(1,000)
3,386
676
6,248
2,315
1.000
3.386
244,767
86,156
186,780
96,803
240,946
Total funds
471,164
1.436.140
1,405,809
501,495
Page 25

Parthership for Growth
Notes to the FiDancial Statement5 for the Year Ended 30 April 2024
The Moldovan Soup Kitchen fund provides a building in Cosnita, Moldova which provides food to between
50-100 people a day.
The Futur¢ Changed project supports a team of social workers and tea¢h¢rs in transforming the 'Dallas'
commuuity in lasi, Romania. The social worker visits families in tbe Sbanty town to help with medical and
denlal bills. food parcels, clothing aud elleouraging children to attend the kindergarten the team nm. It also runs
the Ho￿¢wOrk Club for 7-1 l years old who strnggle to do their homework due to poor housing conditions and
the Little Rainbows Kindergarten foi 4-7 years old. It also runs a Parents School. Assistance is also given with
Winter fuel needs and building maintenance,
The tnn of Love provides a food Service for 60 of the elderly population Tn Dancw Moldova.
The Community centre is used for tbe Inn of Love and the Emmaus Club for children with special educational
needs.
The Cluj showcr block fijnd is to maintsill support for a shower block for mar8inakn's¢d individuals and
families with no b&sic amenities.
Dubovca - Fund5 are sent to support the team that lead the humanitarian work in thc village and help pay
towards transportatioa costs,
Pervomaiscoe Funds to feed elderly pcople three times a week either inhouse or by delivery meals lo thexr
homes
New Living Will Legacy is a sum of moncy that has been loft io us to spend on education projects.
Bags of Education - is a collaboration with anothcr charity Door of Hope to send bags of stationery items to
disadvantaged children in our projects.
Good Homes for All - 1$ part of the Future Cbanged Project and is to help rebuild homes
Washing Machine Mtnisty in Borzi¢Di, Moldova secks to help the elderly and vulnerable in thc wasbing of
clothes and bedding. Food parcels are also glven out to the elderly tbree tAtnes a week.
In Ukrainc the projects that are supportcd are adult prison visiting and provision in Lviv, a school for gypsy
children in Odessa and feeding programmes in Zaporozhye. The Ukrain¢ Appcal fund is uscd to specifically
fund bumanitsrian projects that are a result of the war.
In Bulgaria tbe fund supports a education and social care projects in ch￿pall.
Projects that the Ducker Family who lived in Moldova are continuing to fiwd after their return lo the UK. These
aTr mainly summer Camps for cbildren in poor communitics in villages such as Po8anesti and Ra2esi in Western
Moldova.
Four projects arc currently beTng supported in Cluj, Rornania. These are support for leenage mothers amongst
the Roma Community, a work skills prograrnme for young Men and women, a shower block building project
and a Lost & Found project that b¢lps illiterate and educated people navigate a Icchnological world. They help
with administratloll. hospital appointments, accessing government support, dealing with logal issues etc.
Page 26

Partnership for Groivth
Notes to the Financial Statements for the Year Ended 30 April 2024
21 Analysls of net assets between funds
UDrestrleted
fund$
Genernl
Total fuDd5 at
30 April
2024
Tangible fix¢d assets
Current assets
Current liabilities
Creditors over l year
97.140
425,019
(28.028)
(10,972
97,140
425,019
(28.028)
10.972)
Total net assets
483,159
483.159
Unrestricled
funds
General
Total funds at
30 Aprll
2023
Tangible fixcd assets
Current as5Ct5
Current liabilities
Creditors over l year
82,563
478,869
(38,316)
82,563
478,869
(38,316)
Total net assets
501495
501495
22 Analys15 of net funds
Fin8nclng ea8h
Ilows
At 30 Apru
2024
At l May 2023
Cash at bank and in band
451,415
54,838
396,577
396,577
At 30 April
2023
Nel dcbt
451.415
54,838
Financlng cash
flows
At l May 2022
Cash at bank and in hand
438,003
13,412
451,415
Net debt
438,003
451,415
23 Related party transactions
There were no related paty trans&ctions in the year.
Page 27