2025-04-30-accounts

Company registration number: 03527886 Charity registration number: 1069722

Partnership for Growth

(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 30 April 2025

Hodson and Co Wiston House | Wiston Avenue Worthing West Sussex BN14 7QL

Partnership for Growth

Contents

Reference and Administrative Details	1
Trustees’ Report	2 to4
Statement ofTrustees’ Responsibilities	5
Independent Auditors’ Report	6 to 8
Statement ofFinancial Activities	9 to 10
Balance Sheet	1]
Statement ofCash Flows	12
NotestotheFinancialStatements	13to28

Partnership for Growth

Reference andAdministrative Details	Reference andAdministrative Details
Trustees	Tim Dan Weller
	J Lelliott
	N Heward
	V John
Charity Registration Number	1069722
Company Registration Number	03527886
	The charity is incorporated in England and Wales.
Registered Office	Link House
	Ferring Street
	Ferring
	West Sussex
	BN12 SJP
Auditor	Hodson and Co
	Wiston House
	1 Wiston Avenue
	Worthing
	West Sussex
	BN14 7QL
Solicitors:	George Ide LLP
	Lion House
	79 St Pancras
	Chichester
	West Sussex
	PO19 7GE
Bankers	National Westminster Bank
	Worthing
	27 South Street
	Worthing
	West Sussex
	BNI13AR

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Partnership for Growth

Trustees’ Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 30 April 2025.

Objectives and activities

Objects and aims

The charity's object and principal activities are the relief of poverty, the advancement of education and the advancement of the Christian religion in any part of the world.

A key fundamental is the equipping of individuals in the beneficiary countries with materials, tools and skills to enable them to become self supporting. This is supplemented by some direct provision of Aid, and is achieved by activities which provide:-

Gifts of Aid;

Education for under privileged children and young adults; Sanctuary and support for under privileged individuals; Support of development of locally led charity work.

Objectives, strategies and activities

At the end of April 2025 the charity maintained five charity shops in the Worthing locality. It receives donated goods which are sold in the local charity shops and funds distributed to Eastern Europe. The charity continues to maintain 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. The charity now employsa part time Retail Manager to oversee the shops at 20 hours a week.

The war in Ukraine has caused the charity to focus more of its attention on this country. A fundraising appeal that was launched in Feb 2022 has raised a large amount of funds. These funds are being distributed to project managers within Ukraine who havea long association and relationship with the charity. Fund have been going to fund humanitarian aid in the form of food, medicines, clothing and water supply.

Project money is raised and administered in the UK, and channelled into a variety of projects. These range from education projects such as a kindergarten, homework club, parents school, Emmaus Club ete through to social care projects such as Canteens for the elderly, Lost & Found project, obtaining birth certificates, washing machine ministry and many other projects.

Public benefit

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities,

The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Use of volunteers

The charity is heavily dependent upon voluntary support to maintain its shop operation, and Shoebox Appeal, and utilises other voluntary support, e.g. warehouse operations.

Financial review

At the year the charity held funds of £375,289 (2024: £483,159) of which £199,378 (2024: £216,743) were restricted and £175,911 (2024: £266,416) were unrestricted.

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Partnership for Growth

Trustees' Report

Policy on reserves

The trustees have examined the charity's requirements for reserves in light of the main risks to the organisation. The trustees will continue to review the financial affairs of the charity with the aim to increase income, cut costs and to improve overall control of its operations. The trustees consider that the present level of funding will be adequate to support the continuation of the charity and for it to fulfil its obligations.

Income peaks annually as a result of the Shoebox Appeal, and cash flow is consequently managed on an overall yearly basis. No reserves are held other than on a short term basis, although unrestricted reserves available at the year end are considered adequate to support the charity through the cycle

The trustees actively review the major risks that the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with the annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.

Investment policy and objectives

The objectives of the company authorises it to invest and deal with moneys not immediately required for its purposes in and upon such investments securities and property as may be thought fit.

Going concern

The charity has reviewed it's financial performance and general reserves position. The charity has adequate financial resources and is able to manage it's business risks. The charity’s planning process has taken into consideration the current economic climate and its potential impact on the various sources of income and planned expenditure.

Taking into account all factors the charity has reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future and believe that there are no material uncertainties that call into the charity's ability to continue in operation. The income is such that the trustees have a reasonable expectation that the charity will continue in operational existence and expand in the future, Accordingly, the accounts have been prepared on the basis that the charity is a going concern.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees:

Tim Dan Weller

----- Start of picture text -----
J Lelliott
N Heward
V John
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Structure, governance and management

Nature ofgoverning document

The charity is constituted as a company by guarantee, and is therefore governed by a memorandum and articles of[association.]

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Partnership for Growth

Trustees' Report

Recruitment and appointment oftrustees

All directors of the company are also trustees of the charity, and there are no other trustees. The Board has the power to appoint additional trustees as it considers fit to do so.

None of the trustees has any beneficial interest in the charity. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Induction and training of trustees

Potential trustees are selected on the basis of their personal qualities, Christian commitment and familiarity with the complex issues involved. A speciality linking to charity needs is also sought. New trustees are made familiar with the charity vision, operation and goals by dialogue with existing personnel and provision of minutes and other literature pertaining to charity activity.

All trustees are already familiar with the practical work of the charity. New trustees are encouraged to attend all management committee meetings. Short training sessions (if required) to familiarise new trustees with the charity and the context within which it operates are provided by the General Manager.

Organisational structure

The charity is organised so that the trustees meet regularly to manage its affairs. The trustees meet at least quarterly with additional meetings as required. The charity is overseen by the trustees, supported by paid staff and volunteers. The organisation operates in the UK from premises in Ferring Street, Ferring.

Key strategic and administrative decisions are made by agreement of the trustees, and delegated as appropriate. Day to day management of the charity is delegated to the General Manager, Lisa Hector.

Disclosure of information to auditor

Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware.

The annual report was approved by the trustees of[the][charity][on][.42.02..1.%."][and][signed][on][its][behalf][ by:]

V John Trustee

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Partnership for Growth

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Partnership for Growth for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including PRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements 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. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the trustees of the charity on Zelor le bang signed on its behalf by;

V John Trustee

Page 5

Partnership for Growth

Independent Auditor's Report to the Members of Partnership for Growth

Opinion

We have audited the financial statements of Partnership for Growth (the 'charity') for the year ended 30 April 2025, which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and applicable law (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the charity's affairs as at 30 April 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• • have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law, Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report, We are independent ofthe charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements, We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Report.

We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 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 returns adequate for our audit have not been received from branches not visited by us; or

• the financial statements are not in agreement with the accounting records and returns: or

• certain disclosures of trustees remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the Statement of Trustees’ Responsibilities (set out on page 5), the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error, In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees use of the gaing concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a goingfor issue, concer for a period of at least twelve months from When the original financial statements were authorised Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Auditor responsibilities for the audit of the financial statements

The trustees have elected for the financial statements to be audited in accordance with the Charities Act 2011 rather than the Companies Act 2006. Accordingly, we have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 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. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities to detect material misstatements in respect ofirregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

• Obtaining an understanding of the legal and regulatory frameworks that the charity operates in, focusing on those laws and regulations that had a direct effect on the financial statements;

• • Enquiry of management to identify any instances of known or suspected instances of fraud; * claims;Enquiry of management and those charged with governance around actual and potential litigation and

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Partnership for Growth

Independent Auditor's Report to the Members of Partnership for Growth

• • In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates were indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business;

• Reviewing minutes of meetings of those charged with governance; and

• » Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

• Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards.

In addition, as with any audit, there remained a higher risk of non-detection of fraud, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. Our audit procedures are designed to detect material misstatement, We are not responsible for preventing non-compliance or fraud and cannot be expected to detect noncompliance with all laws and regulations. If a breach of operational regulations is not disclosed to us or evident from relevant correspondence, an audit will not detect that breach. A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.fre.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable companya trustees as a body, for our audit work, for this report, or forthe opinions we have formed.

Matthew Hodson (Senior Statutory Auditor) For and on behalf of Hodson and Co, Statutory Auditor

Wiston House

1 Wiston Avenue Worthing West Sussex BN14 7QL

pate, lees.

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Partnership for Growth

Statement of Financial Activities for the Year Ended 30 April 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

		Unrestricted funds	Restricted funds		Total 2025
	Note	£	£		£
Income and Endowments from:
Donations and legacies Othertradingactivities Investment income Otherincome	4 3 6	683,092 587,072 6,680 9,875	- 28,668 - -		683,092 615,740 6,680 9,875
Totalincome		1,286,719	28,668		1,315,387
Expenditure on:
Raisingfunds Charitable activities	7 8	(670,295) (592,659)	- (160,303)		(670,295) (752,962)
Total expenditure		(1,262,954)	(160,303)		(1,423,257)
Netincome/(expenditure) Transfers between funds		23,765 (114,270)	(131,635) 114,270		(107,870) -
Netmovement infunds		(90,505)	(17,365)		(107,870)
Reconciliation offunds
Totalfunds brought forward		266,416	216,743		483,159
Total funds carried forward	20	175,911	199,378	___-	375,289

The notes on pages 13 to 28 form an integral part of[these][financial][statements.] Page 9

Partnership for Growth

Statement of Financial Activities for the Year Ended 30 April 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

		Unrestricted funds	Restricted funds	Total 2024
	Note	£	£	£
Income and Endowments from:
Donations and legacies	4	673,489	-	673,489
Othertradingactivities	5	686,673	6,189	692,862
Investment income		791	-	791
Otherincome	6	10,720	-	10,720
Total income		1,371,673	6,189	1,377,862
Expenditure on: Raisingfunds	7	(615,403)	-	(615,403)
Charitable activities		(722,226)	(57,819)	(780,045)
Otherexpenditure	9	(750)	-	(750)
Totalexpenditure		(1,338,379)	(57,819)	(1,396,198)
Net income/(expenditure)		33,294	(51,630)	(18,336)
Transfers between funds		(27,427)	27,427	-
Netmovement in funds		5,867	(24,203)	(18,336)
Reconciliation offunds
Total funds brought forward		260,549	240,946	501,495
Total funds carried forward	20	_ 266,416	216,743	483,159

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 20.

The notes on pages 13 to 28 form an integral part of[these][financial][statements.] Page 10

Partnership for Growth

(Registration number: 03527886) Balance Sheet as at 30 April 2025

			2025		2024
	Note		£		3
Fixed assets
Tangible assets	15		93,919		97,140
Current assets
Debtors Cash atbankand inhand	16		25,808 283,088		28,442 396,577
			308,896		425,019
Creditors: Amounts fallingduewithinoneyear	17		(24,796)		(28,028)
Netcurrent assets			284,100		396,991
Totalassets less current liabilities			378,019		494,131
Creditors: Amounts fallingdueaftermore thanoneyear	18		(2,730)		(10,972)
Net assets			375,289		483,159
				-
Funds ofthe charity:
Restricted income funds
Restricted funds			199,378		216,743
Unrestricted income funds
Unrestricted funds			175,911		266,416
Total funds	20	—___:	375,289		483,159

The financial statements on pages 9 to 28 were approved by the trustees, and authorised for issue on 2ele.1.14-@... and signed on their behalf by:

V John Si. Trustee

The notes on pages 13 to 28 form an integral part of[these][financial][statements.] Page I1

Partnership for Growth

Statement of Cash Flows for the Year Ended 30 April 2025

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||||||||| |---|---|---|---|---|---|---|---| |2025|2024| |Note|3|£| |Cash|flows|from|operating|activities| |Net cash expenditure|(107,870)|(23,336)| |Adjustments|to cash|flows|from|non-cash|items| |Depreciation|3,221|3,071| |Investment|income|6,680|(791)| |(97,969)|(21,056)| |Working|capital|adjustments| |Decrease/(increase)|in debtors|16|2,634|(987)| |Decrease|in|creditors|17|(2,029)|(5,289)| |Net cash flows|from|operating|activities|(97,364)|(27,332)| |Cash|flows|from|investing|activities| |Interest|received|(6,680)|791| |Acquisition|of intangible|assets|-|(17,648)| |Net cash|flows|from|investing|activities|(6,680)|(16,857)| |Cash|flows|from|financing|activities| |Repayment|of|bank borrowings|(9,445)|(10,649)| |Net decrease|in|cash|and cash|equivalents|(113,489)|(54,838)| |Cash|and cash|equivalents|at|1|May|396,577|451,415| |Cash|and cash equivalents|at 30|April|283,088|396,577|

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All of the cash flows are derived from continuing operations during the above two periods.

The notes on pages 13 to 28 form an integral part of these financial statements. Page 12

Partnership for Growth

Notes to the Financial Statements for the Year Ended 30 April 2025

1 Charity status

The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

The address of its registered office is: Link House Ferring Street Ferring West Sussex BN12 SJP

2 Accounting policies

Summaryofsignificant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

Partnership for Growth meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes,

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances,

Donated shoeboxes are filled with items from a standard list. These are valued at £20 each with reference to the standard list and reviewed annually.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

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Partnership for Growth

Notes to the Financial Statements for the Year Ended 30 April 2025

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shops.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its members. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Where costs cannot be directly attributed they are estimated based on activity levels in relation to staff costs.

Donations paid for the relief and development of projects are included in the statement of financial activities when donated. Donated shoeboxes are included in Provision of Aid when donated by the charity.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.

Support costs

Support costs include central functions and have been allocated to activity costs categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Taxation

The charitable company is registered as a charity and is exempt from taxation (except for Value Added Tax) on its income and capital gains applied for charitable purposes.

Tangible fixed assets

All fixed assets are initially recorded at cost. Tangible fixed asset additions are capitalised and depreciated in the year of purchase. Expenditure of less than £500 is not capitalised and is charged as an expense in the statement of financial activities.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Motor vehicle Equipment Leasehold

Depreciation method and rate Over 4 years Between 2 and 5 years Over 35 years

Page 14

Partnership for Growth

Notes to the Financial Statements for the Year Ended 30 April 2025

Plant & machinery

Over 4 years

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable 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

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business,

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term 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 services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, 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 defer settlement for at least twelve months after the reporting date, 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.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Page 15

Partnership for Growth

Notes to the Financial Statements for the Year Ended 30 April 2025

Financial instruments

Classification

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Defined contribution plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to areduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

3 Net incoming/outgoing resources

Net outgoing resources for the year include:

			2025	2024
			£	£
Audit fees			5,365	5,060
Depreciation offixed assets			___3:222	3,070
4	Income from donations and legacies
		Unrestricted
		funds	Total	Total
		General	2025	2024
		£	£	£
Donations and legacies;
	Donations and gifts	670,593	670,593	661,381
	Gift aid reclaimed	12,498	12,498	12,108
Regular giving and capital donations
		683,092	683,092	673,489

• 5 Income from other trading activities

Page 16

Partnership for Growth

Notes to the Financial Statements for the Year Ended 30 April 2025

	Unrestricted	Unrestricted
		funds General	Restricted funds	Total funds
		£	£	£
Trading income;
Shopincome Fundraising events		553,220 33,852	: 28,668	553,220 62,520
Total for2025		587,072	28,668	615,740
Total for2024		686,673	6,189	692,862
6 Other income
	Unrestricted
		General	Total 2025	Total 2024
		£	£	£
GiftAidtaxreclaimed Other income		4,875 5,000	4,875 5,000	5,720 5,000
	a	9,875	9,875	10,720

7 Expenditure on raising funds

a) Costs of generating donations and legacies

		Unrestricted
		General	Total 2025		Total 2024
Staffcosts Marketing and publicity	Note	ra 85,961 8,230		£ 85,961 8,230	£ 80,054 395
Establishment costs Other direct costs ofgenerating voluntary		45,407		45,407	30,527
income		23,979		23,979	27,698
		163,577	____	163,577	138,674

b) Costs of trading activities

Page 17

Partnership for Growth

Notes to the Financial Statements for the Year Ended 30 April 2025

		Unrestricted
		funds	Total	Total
		General	2025	2024
	Note	=	3	£
Fundraising trading costs;
Publicity		4,486	4,486	2,673
Shop costs - staff		284,268	284,268	261,259
Shop costs - establishment		157,822	157,822	161,521
Depreciation, amortisation and other similar
costs		3,222	3,222	3,070
Other direct costs ofactivities for generating
funds		56,920	56,920	48,206
		506,718	506,718	476,729

Page 18

Partnership for Growth

Notes to the Financial Statements for the Year Ended 30 April 2025

8 Expenditure on charitable activities

			Unrestricted
					Total	Total
			General	Restricted	2025	2024
			£	£	£	£
Education	and skills		29,952	160,303	190,255	187,902
Provision	ofaid		$55,847	-	555,847	592,143
			585,799	160,303	746,102	780,045
			Activity
			undertaken	Activity	Total	Total
			directly	support costs	2025	2024
			£	£	£	£
Education	and skills		176,937	13,318	190,255	187,902
Provision	ofaid		516,937	38,910	555,847	592,143
		.	693,874	52,228	746,102	780,045

Of the above expenditure in 2025, £160,303 (2024 £57,819) was attributable to Restricted Funds.

Included in the expenditure analysed above, there are also governance costs of £10,548 (2024: £11,561) which relate directly to charitable activities. See note 10 for further details.

9 Other expenditure

				Total		Total
				2025		2024
			Note	£		£
Other	resources	expended			:		750
					-		750

Page 19

Partnership for Growth

Notes to the Financial Statements for the Year Ended 30 April 2025

10 Analysis of governance and support costs

Support costs allocated to charitable activities

				Total	Total
			Staffcosts	2025	2024
		Basis ofallocation	£	£	£
Support	costs	Seebelow	52,228	52,228	54,603

Basis of allocation

Reference Method of allocation Education and skills 25% of the administration costs Provision of aid 75% of the administration costs

Governance costs

	Unrestricted
	funds General	Total 2025		Total 2024
	£	£		£
Audit fees
Audit ofthe financial statements	5,365		5,365		5,060
Other fees paid toauditors	1,303		1,303		1,728
Legal fees	1,824		1,824		2,409
Othergovernance costs	2,056		2,056		2,364
	10,548		10,548		11,561

Page 20

Partnership for Growth

Notes to the Financial Statements for the Year Ended 30 April 2025

11 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

12 Auditors' remuneration

	2025	2024
	£	£
Audit ofthe financial statements	5,365	5,060
Other fees to auditors
Allothernon-auditservices	1,303	1,728

13 Taxation

The charity is a registered charity and is therefore exempt from taxation.

14 Staff costs

The aggregate payroll costs were as follows:

The aggregateaggregate payroll costs were as follows:
	2025	2024
	£	£
Staffcosts during the year were:
Wages and salaries	333,316	315,743
Social security costs	28,383	22,822
Employer contribution to pension plans	8,482	7,493
	370,181	346,058

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

		2025		2024
		No		No
Number	ofproduction staff		19		18
Number	ofmanagement staff		2
			21		20

No employee received emoluments of more than £60,000 during the year.

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Partnership for Growth

Notes to the Financial Statements for the Year Ended 30 April 2025

15 Tangible fixed assets

15 Tangible fixed assets
	Land and	Furniture and
	buildings	equipment	Motorvehicles	Total
	£	£	£	£
Cost
At 1 May2024	106,414	33,856	52,539	192,809
At 30 April 2025	106,414	33,856	52,539	192,809
Depreciation
At 1 May2024	9.659	33,474	52.536	95,669
Charge forthe year	3.040	181	:	3,221
At 30 April 2025	12,699	33,655	$2,536	98,890
Net book value
At 30 April 2025	93,715	201	3	93,919
At30April2024	96,755	382	3	97,140

Included within the net book value of land and buildings above is £Nil (2024 - £17,648) in respect of freehold land and buildings and £93,715 (2024 - £79,107) in respect of[leaseholds.]

16 Debtors

	2025	2024
	£	£
Trade debtors	12,498	14,150
Prepayments	10,309	11,939
VAT recoverable	3,001	2,353
	25,808	_28,442

Page 22

Partnership for Growth

Notes to the Financial Statements for the Year Ended 30 April 2025

17 Creditors: amounts falling due within one year

17 Creditors: amounts falling due within one yearyear
	2025	2024
	£	£
Bank loans	9,445	10,648
Trade creditors	212	1,253
Other taxation andsocial security	6,364	8,970
Other creditors	2;215	972
Accruals	6,560	6,185
	24,796	28,028
18 Creditors: amounts falling due afterone year
	2025	2024
	£	£
Bankloans	2,730	10,972

19 Obligations under leases and hire purchase contracts

Operating lease commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Within oneyear	44,540	48,373
Between one and five years	25,977	70,517
	70,517	118,890

Page 23

Partnership for Growth

Notes to the Financial Statements for the Year Ended 30 April 2025

20 Funds

	Bal at 1	Incoming	Incoming	Resources		Bal at30
	May2024	resources		expended	Tfrs	April 2025
	£	£		£	£	£
Unrestricted
General fund	266,416	1,286,719		(1,262,954)	(114,270)	175,911
Restricted
Moldova Soup kitchen	.		720	(8,597)	7,877	.
Future Changed Project	-	9,022		(56,120)	47,098	-
Inn ofLove-Meals on
Wheels-Dancu	:	2,439		(12,750)	10,311	-
Emmaus Club-Special
Needs-Dancu	2		*	(7,413)	7,413	-
DIY Bathroom - Cluj,
Romania	-	1,019		-	-	1,019
MurderFundraiser	:		309	(90)	-	219
Transylvania Challenge
2025	-		315	(1,629)	1,314	-
Cluj - shower block	14,636	3,950		(2,250)	-	16,336
The Duckers Moldovan
Mission	30		360	(380)	.	10
Cluj - Romania	804		300	(5,355)	4,251	-
Dubovea	1,700	1,000		:	-	2,700
Pervomaiscoe	-	3,080		(14,300)	11,220	.
Bags ofEducation	7,158	2,442		(2,997)	-	6,603
Good Homes for All	62		:	-	-	62
New Living Will Legacy	22,150		-	-	.	22,150
Dubcovea Emergency	.		-	(2,360)	2,360	-
Washing Machine Project	1,490		509	(175)	.	1,824
Iam Appeal	357		37	(3,500)	2,838	2
Ukraine appeal	165,046	2,303		(21,825)	-	145,524
Bozieni	974		-	(7,877)	6,903	:
Andreea's Eyesight	1,743		-	-	-	1,743
New Chirpan Project	:		.	(5,500)	5,500	.
Dancu Social Work	a		-	(7,185)	7,185	-
Alena - Ukraine	593		593	:	-	1,186
Total restricted	216,743	28,668		(160,303)	114,270	199,378
Totalfunds	483,159	__1,315,387		(1,423,257)	=	375,289

Page 24

Partnership for Growth

Notes to the Financial Statements for the Year Ended 30 April 2025

					Balance at
	Balance at 1 May2023	Incoming resources	Resources expended	Transfers	30April 2024
	£	£	£	£	£
Unrestricted funds
General
General fund	260,549	1,371,673	(1,338,379)	(27,426)	266,417
Restricted
MoldovaSoupkitchen	374	50	(4,000)	3,576	-
FutureChanged Project	3,072	3,025	(18,440)	12,343	:
Inn ofLove-Meals on
Wheels-Dancu	-	-	(4,000)	4,000	-
Emmaus Club-Special
Needs-Dancu	-	-	(2,466)	2,466	-
Cluj -shower block	15,187	200	(751)	:	14,636
The Duckers Moldovan
Mission	150	-	(120)	-	30
Cluj - Romania	2,209	125	(1,530)	:	804
Dubovea	700	1.000	:	-	1,700
Pervomaiscoe	6,590	:	(8,250)	1,660	,
Bags ofEducation	6,415	924	(180)	-	7,158
Good Homes for All	62	=	-	-	62
New Living Will Legacy	22,150	.	-	-	22,150
Washing Machine Project	1,278	212	.	-	1,490
Iam Appeal	3,795	6l	(3,500)	-	356
Ukraine appeal	172,221	-	(7,175)	:	165,046
Bozieni	5,000	.	(4,026)	-	974
Andreea's Eyesight	1,743	.	.	.	1,743
New Chirpan Project	-	-	(600)	600	:
Dancu Social Work	:	-	(2,781)	2,781	:
Alena - Ukraine	:	593	.	-	593
Total restricted funds	240,946	6,189	(57,819)	27,426	216,742
Totalfunds	501,495	1,377,862	(1,396,198)	.	483,159

Page 25

Partnership for Growth

Notes to the Financial Statements for the Year Ended 30 April 2025

The Moldovan Soup Kitchen fund provides a building in Cosnita, Moldova which provides food to between 50-100 people a day.

The Future Changed project supports a team of social workers and teachers in transforming the 'Dallas' community in Iasi, Romania. The social worker visits families in the Shanty town to help with medical and dental bills, food parcels, clothing and encouraging children to attend the kindergarten the team run. It also runs the Homework Club for 7-11 years old who struggle to do their homework due to poor housing conditions and the Little Rainbows Kindergarten for 4-7 years old. It also runs a Parents School. Assistance is also given with winter fuel needs and building maintenance.

The Inn of Love provides a food service for 60 of the elderly population in Dancu, Moldova. The Community centre is used for the Inn of Love and the Emmaus Club for children with special educational needs,

The Cluj shower block fund is to maintain support for a shower block for marginalised individuals and families with no basic amenities.

Dubovca - Funds are sent to support the team that lead the humanitarian work in the village and help pay towards transportation costs.

Pervomaiscoe - Funds to feed elderly people three times a week either inhouse or by delivery meals to their homes

New Living Will Legacy is a sum of money that has been left to us to spend on education projects,

Bags of Education - is a collaboration with another charity Door of Hope to send bags of stationery items to disadvantaged children in our projects.

Good Homes for All - is part of the Future Changed Project and is to help rebuild homes

Washing Machine Ministry in Borzieni, Moldova seeks to help the elderly and vulnerable in the washing of clothes and bedding. Food parcels are also given out to the elderly three times a week.

In Ukraine the projects that are supported are adult prison visiting and provision in Lviv, a school for gypsy children in Odessa and feeding programmes in Zaporozhye. The Ukraine Appeal fund is used to specifically fund humanitarian projects that are a result of the war.

In Bulgaria the fund supports a education and social care projects in Chirpan,

Projects that the Ducker Family who lived in Moldova are continuing to fund after their return to the UK. These are mainly summer camps for children in poor communities in villages such as Poganesti and Razesi in Western Moldova.

Four projects are currently being supported in Cluj, Romania. These are support for teenage mothers amongst the Roma Community, a work skills programme for young men and women, a shower block building project and a Lost & Found project that helps illiterate and educated people navigate a technological world. They help with administration, hospital appointments, accessing government support, dealing with legal issues etc.

Page 26

Partnership for Growth

Notes to the Financial Statements for the Year Ended 30 April 2025

The I Am Appeal is an ongoing fund that people can donate to so the charity can secure birth certificates and ID documents for people that originally had none due to poverty. This project also now encompasses people that have lost ID documents due to the Ukraine war.

Andreea’s eyesight is a fund for a girl in Romania who lost her eyesight and the funds have been used for her to have an operation to help her partially see again.

Alena - Ukraine, these funds were raised to help a disabled girl and her family (who also have disabilities) to improve their poor bathroom facilities. The funds have been used to make an easy access and more modern bathroom to help the entire family.

Page 27

Partnership for Growth

Notes to the Financial Statements for the Year Ended 30 April 2025

21 Analysis of net assets between funds

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Unrestricted|Total|funds|at| |funds|Restricted|30 April| |General|funds|2025| |£|£|€| |Tangible|fixed|assets|93,919|:|93,919| |Current|assets|109,518|199,378|308,896| |Current|liabilities|(24,796)|-|(24,796)| |Creditors|over|||year|(2,730)|-|(2,730)| |Total|net|assets|175,911|199,378|375,289| |Unrestricted|Total|funds|at| |funds|Restricted|30|April| |General|funds|2024| |£|£|£| |Tangible|fixed|assets|97,140|-|97,140| |Current|assets|208,276|216,743|425,019| |Current|liabilities|(28,028)|.|(28,028)| |Creditors|over|||year|(10,972)|-|(10,972)| |Total|net assets|266,416|216,743|483,1 59|

----- End of picture text -----

22 Analysis of net funds

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Financing|cash|At 30|April| |At|1|May 2024|flows|2025| |£|£|£| |Cash|at|bank|and|in|hand|396,577|(113,489)|283,088| |Net|debt|396,577|(113,489)|283,088| |At|Financing cash|—|At 30 April| |||May 2023|flows|2024| |£|£|£| |Cash|at bank and|in|hand|451,415|(54,838)|396,577| |Net|debt|451,415|(54,838)|396,577|

----- End of picture text -----

23 Related party transactions

There were no related party transactions in the year.

Page 28