REGISTERED COMPANY NUMBER: 03685423 {England and Wales)
REGISTERED CHARITY NUMBER: 1084194
REPORT OFTHE TRUSTEES AND
AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
HESTERS WAY PARTNERSHIP LTD.
BK Plus Audit Limited Istalulory Auditor)
6 Manor Park Business Centre
Mackenzie Way
Chellenham
Gloucestershire
GL519TX

HESTERS WAY PARTNERSHIP LTD.
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Reference and Administralive Detalls
Report of the Trustees
Report of the Independent Audilors
8 to 10
Stalement ol Financial Actlvilies
Stalement ol Financial PosStSon
12
Notes lo the Financial Statements
73 to 23

HESTERS WAY PARTNERSHIP LTD.
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 MARCH 2024
TRUSTEES
R J Barkle Chair
M J Saunders
C Jackson (resigned 13.11.23)
Dr L J P Kilford
D McNiffe (resigned 13.11.23)
W L Flynn Treasurer
B Morgan
Rev J P Hamilton Vice Chair
S M Richardson (appointed 13.11.23)
M J Sheppee (appointed 13.11.23)
COMPANY SECRETARY
A K Hayes
REGISTERED OFFICE
Hesters Way Community Resource Centre
Cassin Drive
Chellenham
Gloucestershire
GL517SU
REGISTERED COMPANY NUMBER 03685423 (England and Wales)
REGISTERED CHARITY NUMBER 1084194
AUDITORS
BK Plus Audit Llmited {Statulory Auditor)
6 Manor Park Business Centre
Mackenzie Way
Chellenham
Gloucestershire
GL519TX
Page I

HESTERS WAY PARTNERSHIP LTD.
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees who are also directors of the charity for the purposes ol the Companies Act 2006, present
their report wilh the financial statements of the charity for the year ended 31 March 2024. The trustee5 have
adopted the provisions of Accounting and Reporting by Charities- Statement of Recommended Practice
applicable to charities preparing their accounts in accordance wilh Ihe Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of Hesters Way Partnership (HWP) are to pursue any charitable purpose for the benefit of
the inhabitants of West Chellenham. including Hesters Way, Springfields, Arle Farm, Cavendish Park,
Springbank, St Mark's and Rowanfield areas in the BDrough of Cheltenham, without distinction on the
grounds of gender, race, or religious or political or olher opinion, and in pa rticular Ihe relief of poverty, the
advancement of educalion and training, the preservation and enhancement of the environment, the
preservation and protection of physical and mental health, and the prDVlSion of leisure and community
facilities in the interests of social welfare.
Publlc benefil
The trustees kept in mind the Charity Commission's guidance on public benefit whilst planning the charity's
activities for the year. These activities are described in the Achievement and Performance seclion below.
Vision Stalement
Our vision is for West Cheltenham to be a flourishing community with opportunities fo r all.
Misslon Slatement
Working wilh local people, groups and organisations to connect and empower them to develop healthy,
happy and sustainable communities.
ACHIEVEMENT AND PERFORMANCE
Charitable aclivilies
Having successfully consolidated the finances of the Community Resource Centres In the last two years the
Hesters Way Partnership (HWPI Baard has focused on developing a new strategy. After an in-depth
assessmenl and appraisal. the new strategy was completed in early 2024. The intention expressed to play a
key role in the Golden Valley project necessitated a change to the objects of the company as reflected In
the rewording featured above. These were accepted by Companies House and the Charity Commission in
July 2024.
The new strategy sel out these priorities:
l. To develop the sustainability of the organisalion, including a secure financial p05ilion.
2. To improve HWP governance and related systems and processes.
3. To focus on using a community development approach to increase connection with residents. groups and
organisalions.
4. To influence the design and development of the Golden Valley Development and its integration with
communities in West Cheltenham.
An action plan for year one has been developed and a review of progress will take place in April 2025.
Page 2

HESTERS WAY PARTNERSHIP LTD.
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE
Charitable aclivities
We have improved monitoring and evaluation of the Hesters Way and Springbank Community Resource
Centres. promoting efficiency and maximising community use. We have siyned up with Peninsula who offer
HR advice and office systems plu5 Health and Safety support.
Our dedicated facilities manager has addressed issues in both premises. and we have made some
necessary investment al the Community Cenlres
Investmenl at the Community Cèntres
With grant funding we've installed a new Creative Space at Springbank in part of the former lobby Space
and upgraded the floor at the main hall. We are now able to offer opporlunilies to engage local young
people in partnership wilh youth providers. A new boiler has also been installed al Springbank providing a
more consistent and efficient supply of heal. A new mezzanine Storage space and has a150 been developed.
The foyer space al Hesters Way has been converted into a community space with the removal of reception,
advice rooms and the glass cafe partition. The new open plan area which incorporates front facing windows
will allow for more community activily and its opening will coincide with reopening the cafe.
Maintenance
The new gardens contract is with Greener Gardener, we have tidied up bolh premises and installed new
planting, planters and a herb bed as weLL as improvements lo the grounds.
The community garden at Springbank has been repaved and replanted with the help of volunteers.
Our in-house team is responding lo all requests quickly and efficiently
Utllltles
We negolialed a reduced fixed price for gas for 2024-27 (8ritish Gas Lite) and renewable larlff electriclty
(Brltish Gas) for 2024-26. These should make a considerable difference lo energy bills going forward.
Al Heslers Way we will continue to supply discounted electricity from solar panels installed in 2022 and
f ree, the energy generated from the original solar panels installed in 2010.
We continue to make improvements and have a programme of works for 2024-25 awaiting Implementation
Page 3

HESTERS WAY PARTNERSHIP LTD.
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE
Charitaljle activilies
We have continued our "Dreamscheme. project which engages primary age young people promoting
increased self-esteem. motivation, team working and good behaviour. We are searching for funding Support
for Ihis project but and supported the project in house since September 2022.
The Multi Use Games Area in Coronation Square {MUGA) installed in June 2018 continues to provide a much
needed and free sporls resource to the area and offer youth organi5ations opportunities lo engage wilh
young people. We have run Easter and Summer drop ins Wlth coaching se55ions for young people run in
partnership with The Chellenham Town Football Club funded internally.
Following feedback from young people from a survey conducted in partnership with The Springbank
Community Group we have commissioned The Music Works and Cheltenham Poelry Festival to run a
creative programme called "Expre55 Yourself. which offered creative and engagement activities for the
youth community. The Project is due to conlinue in lo next year
The West Chellenham Community Pantry at Hesters Way CRC has supported over 450 members since ils
inception in 2021. The project was awarded Levelling Up funds to support the manager and a new role lo
help signpost members to targeted local supporl services. A proportion of the fund paid for food supplies
which were also funded by Feeding Britain, #feedcheltenham. Gloucestershire County Council and
Chellenham Borough Council (CBC).
The Hesters Way Partnership (HWP) has continued to run Neighbourhood Co-ordination Panel (NCP)
meetings addressing local issues wilh a multi-agency partnership approach. We have supported the local
community around Springfield Park which has been awarded Green Flag status for an eleventh consecutive
year.
The continuing neighbourhood planning project is reaching completion with the development of the Hesters
Way Neighbourhood Plan which can be viewed on the www.hesterswayforum.co.uk A big thanks goes lo
the Forum Stèering Group who have worked tirelessly on this fantastic community project. The group have
beg un negotiation5 with the Golden Valley developers to ensure the benefits of this Èxciting scheme ca n be
shared across the west ol Ihe town. Thanks to grant support from Enovert. CBC CIL and the CBC Parks
Department the Forum have enabled the installation of new park equipment at Fiddlers Green Park
f urthering the parks redevelopment plan.
We have now completed 51 issues of the local magazine Viewpoint. highlighting the work of partners and
promoling posltive views of Hesters Way. This combined with the Partnership's
website:
www.hwparlnership.org.uk
twitter account (@hwpartnershipl and facebook page IHesler5 Way
Partnership l Facebook), keep local people, organisations and agencies informed of local developments,
meeti ngs and issues of local interest.
Thanks to our directors, staff. volunteers and our community without whom none of this would be possible.
Page 4

HESTERS WAY PARTNERSHIP LTD.
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
FINANCIAL REVIEW
Investment polTCy and objectives
The directors continue to pursue a low-risk investment policy for savings in view of the economit
uncertainty in the banking industry in recent years and continue to monitor investments lo ensure an
efleclive return combined with flexible acce55 to funds.
2023-24 flgures
Income - £498,543 (including £61,619 in grant revenue5)
Expenditure
£472,957 (including C99.375 depreciation)
Surplus- £25,586
Nel Depreciation - £99,375
Trading Surplus £124,961
The grant income supported the West Chellenham Community Pantry and £32,926 was raised for the
Spri ngbank Creative Space project.
Reserves policy
Unrestricted funds are declared at £366,822, a large increase in comparison with 2023, reflecting further
improvements in performance the slabilisation of business tinances in the year. The new management
responsibilities and associated business turnover require a reassessment of the charity's reserve sums.
The trustees propose to maintain Ihe charity'5 reserves al a level OF £105,000, which is at least equivalent to
Iwelve months, predicted core expendilure for the year 2024-25.
The Hesters Way and Springbank CRCs now have associated sinking account5, and both stand at £80k.11 is
proposed that they grow annually al least in line with inflation. HWP has a low-rlsk approach to additional
reserves due to concerns regarding,. potential reductions in funding in current climate,. the effecl of the 105S
of any of the five principal tenants and provision for building repairs to cover uninsurable events
essential improvements and repairs at the Iwo Community Resource Centres.
Page 5

HESTERS WAY PARTNERSHIP LTD.
REPORT OFTHE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
FUTURE PLANS
The Partnership plans to increase its community development efforls in the coming year5 and has
committed funds lo employ officers to that effect. Community activities based on local need will be set up
and access to support, advice and guidance will be made available. The new Hesters Way Community
Centre foyer redevelopment will enable these activities to happen in a fresh and welcoming space.
The new development will also see the reopening uf the cafe and a new manager will be employed lo
provide a service to community members, tenants and hall hirers. The cafe will work closely with the
community development and pantry staff and partner5 to ensure local take up.
These new activities will offer volunteering opporlunilies for community members and a new volunteering
scheme lies at the heart of the parlnership's strategy in the years to come
We plan to reinvigorate the local West Cheltenham Neighbourhood Coordination Group meetinys. Further
engagement with the community across the patch is planned with the support of the new community
development staff. A particular focus will also be lo ensure thal the neighbourhood plan5 for the area
successfully progresses to referendum and that it reflects the views and aspirations of the local
community.
The
projecl
progressing
well
as
can
seen
via
the
website
htlp'./lhesterswayforum.co.uk/documents
The 8oard has committed to support the development of the Wesl Cheltenham Pantry Project. The scheme
has proved to be increasingly popular, helping io address food poverty whilst also offering advice and
guidance lo members. Further work will take place to support pantry member, identifying and responding
lo their needs.
We will continue to promote the activities of partners via issues of the local magazine "Viewpoint" and the
Partnership's website: www.westcheltenham.org.uk X (twitter) and Facebook.
Further efforts will be made lo improve slandards of governance and to better ulilise the skills of the
current Board of Directors.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
The charity is controlled by its Memorandum and Articles of Association dated 17 December 1998, as
amended by written resolutions dated 11 May 2004. 15 November 2010, 21 November 2011 and 15 July 2024.
The charity is consliluted as a company limited by guaranlee and therefore has no share capital. In the
event of the charitable company being wound up, and the liabilities and winding up expense being in excess
of a5sels, the liability of each member is limited to Él.
Organisational struclure
Th e charila ble co mpany is managed by a Board of directors (trustees), which includes representatives from
all ils major stake holders. The Board meets al least four times a year. 11 comprises a minimum of five a nd
a maximum of twenty-two directors, of which no more than 19/0 may be Local Authority persons, as defined
n the co mpany's Article5 of Association.
The company is a registered charity, having registered with the Charity Commission on 20 December 2000.
Risk management
The trustees actively review the major risks which the company faces on a regular basis and believe that
maintaining unre51ricled reserves al current levels, proper forecasting of incomes and expenditures
combined with an annual review of Ihe controls over key financial systems, will provide sufficient
resources in Ihe event of conditions becoming adverse. The trustees have also examined other operational
and business risks faced by the company and confirm that systems have been established to mitigate any
significant risks.
Page 6

HEgfER5 WAY PARTNERSHIP LTD.
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees (who are also the directors of Hesters Way Partnership Ltd. for the purposes of company law)
are responsible for preparing the Report of Ihe Trustees and the financial statemenls in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a
true and fair view of the state of affairs of the charitable company and of the incoming resourcès and
application of resources, including the income and expenditure. of the charitable company for that period. In
preparing those financial 5tatementS. the trustee5 are required to
select suilable accounting policies and then apply ihem consistently;
observe the methods and principles in the Charity SORP-
make judgements and eslimales that are reasonable and prudent;
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 accounling records which disclose with reasonable
accuracy at any lime the financial position of the charitable company and to enable I hem lo ensure that the
financial slalements 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.
In 50 fa r as the trustees are aware:
there is no relevant audit information of which the charitable company's audilors are unaware., and
the trustees have laken all steps that they oughl to have taken lo make themselve5 aware of any
releva nt aud it information and to establish that the auditors are aware of that information.
This report has been prepared in accordance with the special provisions of Parl 15 of Ihe Companies Act
2006 relating to small companies.
Approved by order of the board of Irustees on 14 October 2024 and signed on its behalf by:
AKHayes-S
reta
Page 7

REPORT OFTHE INDEPENDENT AUDifoRS TO THE MEMBERS OF
HESTERS WAY PARTNERSHIP LTD.
Opinlon
We have audited the financial statements of Hesters Way Partnership Ltd. (the 'charitable com pany'} for the
year ended 31 March 2024 which comprise the Statement of Financial Activities, the Statement of Financial
Position and notes to the financial statements. including a summary of significant accounting policies. The
financial reporting framework thal has been applied in their preparation is applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
I n our opinion the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its
incoming resoLJrces and application of resources, including its income and expenditure, for the yea r then
ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in accordance with the requirement5 of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Stondards on Auditing (UKI (ISAS IUK)) and
applicable law. Our responsibilities under those standards are further described in the Auditors,
responsibilities for the audit of the financial statements section of our report. We are independenl of the
charitable company in accordance with Ihe ethical requirements that are relevant to our audit of the
financial slalemenls 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
oblained is sufficient and appropriate lo provide a basis for our opinion.
Conclu51ons relaling to golng concern
In aud iting the financial statements, we have concluded that the trustees, use of the going concern basis of
accounting i n the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncerta inties relati ng to events
or conditions that, individually or collectively, may cast significant doubl on the charitablè company's a bilily
lo continue as a going concern for a period of at least twelve months from when the financial statements
are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in
the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information
included in the Annual Report, other than Ihe financial statements and our Report of the Independent
Auditors Ihereon.
Our opinion on thè financial statements does not cover the other information and, except lo the extent
otherwise explicitly slated i n our report. we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial 5tatement5, our responsibility is to read the other information
and, in doing so, consider whether the other information is malerially 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 misslatemenls. we are required lo determine
whether Ihis g ives rise lo a material misstatement in the financial 5talement5 themselve5. If, based on the
work we have performed, we conclude that there is a material misstatement of this other information, we
are required tD report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companles Acl 2DO6
In our opinion, based on the work undertaken in the course of Ihe audit..
the information given in the Report of the Trustees for the financial year for which the financial
statements a re prepared is consistent wilh Ihe financial slatem enls- and
the Report Of the Trustees has been prepared in accordance with applicable legal requirements.
Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HESTERS WAY PARTNERSHIP LTD.
Matters on which we are required lo report by exception
In the light of the knowledge and understanding of Ihe charitable company and its environment obtained in
the course of the audit, we have not identified material misstatements in the Report of Ihe Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to
report to you if, in our opinion..
adequate accounling records have not been kept or returns adequate for our audit have not been
received f rom branches not visited by us- or
the financial slatements are not in agreement with the accounting records and retu rns; or
certain disclosures of trustees, remuneration specified by law are not made; or
we have nol received all Ihe information and explanations we require for our audit., or
the trustees were not entitled to take advantage of the small companies exemption from the
requirement to prepa re a Strategic Report or in preparing the RÈport of the Trustees.
Responsibilities of trustees
As explained more fully in the Statement of Trustees, Responsibilities, the trustees {who are also the
directo rs of the charitable company for Ihe purposes of company lawl are responsible for the preparation
of the financial slalemenls and for being satisfied that they give a true and fair view. and for such inlernal
control a5 the Iru51ees determine is necessary to enable the preparation of financial slalemenls that are
f ree from materia I misslalement, whether due to fraud or error.
In preparing the financial statements. the trustees are responsible for assessing the charila ble company's
ability to conlinue as a going concern. disclosing. as applicable, matters related lo going concern and using
the going concern basis of accounting unless the trustees either intend to liquidate the charitable company
or lo cease operation5, or have no realistic alternalive but to do so.
Our responsibilities for the audit of the linancial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from malerial misstatement, whether due to fraud or error, and lo issue a Report of the Independenl
Auditors that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a
guarantee that an audil conducled in accordance wilh ISAS (UK) will always detect a material misslatemenl
when it exists. Misstalements 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 Df users taken on the
basis of these financial statements.
In identifying and assessing risks of material misslatement in respect of irregularities, including fraud and
non-compliance with laws and regulations. our procedures included the followi ng..
enquiries of management including a pre audit meeting.,
obtaining and reviewing supporting documentation of policies concerning the laws and regulations
applicable to the charity's business.,
understanding how the charitable company complies with its regulatory framework by making
enquiries of managemenl
considering the culture inherent in the company and whether this represents a culture of honesty
and ethical behaviour with a strong emphasis of detection and prevention of fraud,
Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HESTERS WAY PARTNERSHIP LTD.
Auditors. responsibilities for the audit of the f inancial stalements continued
We assessed the susceptibility of the charitable company's financial statements lo material misstatement
and considered how fraud might occur. The audit procedures performed included, but were not limited to:
challenging management assumptions and estimates;
identifying and lesting unusual journal entries;
assessing how the relevant laws and regulations have been complied with and noting any instances
of non compliance,.
reviewing the linancial stalements for compliance with relevanl Accounting Standards and
accounting legislation applicable to a charity,.
considering how those charged with governance have addressed the possibility of an override of
essential Conlrols or other inf luence over the financial reporting processes.
In addition, we also considered other non financial laws relevant to the charitable company. These do not
necessarily have a direct influence on the financial slalemenls but might alfecl the charitable company'5
ability lo operate.
A further description of our responsibilities for the audit of the financial slatements is located on the
Financial Reporting Council's website al www.frc.org.uk/auditorsresponsibilities. This description forms
part of our Report of the Independent Auditors.
Use of our reporl
This report is made solely lo the charitable company's members, as a body, in accordance with Chapter 3 of
Parl 16 of Ihe Companies Acl 2006. Our audit work has been undertaken so that we might state to the
charitable company's members those matters we are required to state lo Ihem in an auditors, report and
for no olher purpose. To the fullest extenl permitted by law, we do not accept or assume responsibility to
anyone other Ihan Ihe charitable company and the charitable company's members as a body, for our audil
work, for this report, or for the opinions we have formed.
Roger Downes FCA (Senior Statutory Auditor)
for and on behalf of BK Plus Audit Limited Istatulory Auditor)
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL519TX
15 October 2024
Page 10

HESTERS WAY PARTNERSHIP LTD.
STATEMENT OF FINANCIAL ACTivrriES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted Restricted
funds
funds
Notes
INCOME AND ENDOWMENTS FROM
DDnations and legacies
3,131
3,131
4,722
Charitable activities
Charitable Aclivilies
408,322
61,679
469,941
459,867
Other trading activitiès
Investment income
6,999
4,810
13.662
20,661
4,810
16,537
1,350
Total
420,131
78,412
498.543
482,476
EXPENDITURE ON
Raising funds
57,003
51,003
40,830
Charilable activilies
Charitable Activities
318,373
103,581
421,954
405,859
Total
318,373
154,584
472,957
446.689
NET INCOMEI(EXPENDITURE)
Transfers between funds
101,758
51,384
{76,1721
(51,384)
25,586
35,787
18
Net movement in lunds
153,142
(127.5 56)
25,586
35,787
RECONCILIATION OF FUNDS
Total funds brought forward
213,680
3,021,289
3,234.969
3,199,182
TOTAL FUNDS CARRIED FORWARD
366,822
2,893.733
3,260,555
3,234,969
The notes form part of these financial statements
Page 11

HESTERS WAY PARTNERSHIP LTD.
STATEMENT OF FINANCIAL POSITION
31 MARCH 2024
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted Restricted
funds
funds
Note5
FIXED ASSErs
Tangible assets
15
50.036
2,826.046
2,876,082
2,944,946
CURRENT ASSETS
Deblor5
Cash at bank
16
40.642
296.404
20.938
68.826
61,580
365,230
24,851
319.690
337,046
89,764
426,810
344.541
CREDITORS
Amounts falling due within one year
17
(20,260)
122.077)
(42.337)
(54,518)
NET CURRENT ASSETS
316.786
67,687
384,473
290.023
TOTAL ASSEfs LESS CURRENT LIABILITIES
366,822
2,893,733
3,260.555
3,234,969
NEf ASSErs
366.822
2,893,733
3,260.555
3.234,969
FUNDS
Unrestricted funds
Restricted f unds
18
366,822
2,893,733
213,680
3,021,289
TOTAL FUNDS
3,260.555
3.234,969
These financial slatements have been prepared in accordance with the provisions applicable to charitable
companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on
14 Ottober 2024 and were signed on ils behalf by:
R J Barkle- Trustee
The note5 form parl of these financial Statements
Page 12

HESTERS WAY PARTNERSHIP LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
Basis of preparlng the financial statements
The financial statements of the charilable company, which is a public benefit entity under FRS 102,
have been prepared in accordance with Ihe Charities SORP (FRS 102) 'Accounting and Reporting by
Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS
102) (effective 1 January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland. and the Companie5 Act 2006. The financial statements
have been prepared under the historical cost convention.
Income
All income is recognised in the Stalement of Financial Activities once the charity has entitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
Rental income and income from renewable energies are recognised in Ihe period to which they
relate. Grants with time conditions are recognised in the period to which they relate,. other
unconditiDnal income grants are recognised on confirmation of award. Capital granls are carried
forward and released to income over the period of depreciation of the assets to which they relate.
Donations and other income are recognised on receipt. Advertising income is recognised at the
point of invoicing.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligalion
committing the charity to thal expenditure, it is probable Ihal a transfer of economic benefits will be
required in settlement and the amount of the obligalion can be measured reliably. Expendilure is
accounted for on an accrua15 basi5 and ha5 been classified under headings that aggregate all cost
related to the category. Where costs cannot be directly altribuled lo parlicular headings they have
been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditlons whlch have not been mel at the year end date are noted as a
commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided al the following annual rates in order to write off each asset over its
estimated useful Ilfe.
Freehold property
Plant and machinery
Computer equipment
2/0 on cosl
10/0 on c05t
25/4 on cost
Assels costing less than £1,000 individually are not capitalised unless they form parl of an overall
projecl.
Taxatlon
The charity is exempt from corporation tax on its charitable aclivilies. It is not, however, exempl
from VAT, and where there is irrecoverable VAT. it is included as an expense item in the financial
statements.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of Ihe
trustees.
Restricted funds can only be used for particular restricted purposes wilhin the object5 of the charity.
Restrictions arise when specified by the donor or when fund5 are raised for parlicular restricted
purposes.
Page 13
continued...

HESTERS WAY PARTNERSHIP LTD.
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THEYEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES - continued
Fund accounting
Further explanation of the nature and purpose of each fund is included in the notes to Ihe financial
statements.
DONATIONS AND LEGACIES
31.3.24
31.3.23
Pantry donations
3.131
4.722
OTHER TRADING ACTIVITIES
31.3.24
31.3.23
Income from renewable energies
Other income
Advertising income
Pantry memberships
5,704
555
740
13,662
4,783
361
1,220
10,173
20,661
16,537
INVESTMENT INCOME
31.3.24
31.3.23
Deposit account interest
4,810
1,3 50
INCOME FROM CHARITABLE ACTIVITIES
31.3.214
31.3.23
Activity
Rents, service charges
and utilities
Grants
Charitable Activities
Charitable Activities
408.322
61,619
404,741
55,126
469.941
459,867
Grants received, included in the above, are as follows:
31.3.24
31.3,23
NHS Gloucestershire
Cheltenham Borough Council
Gloucestershire County Council
Severn Wye Energy Agency
Family Space
Police and Crime Commissioners Fund
Chellenham Lions Club
21,926
21.061
15,000
3,404
200
28
10,280
36,008
3,404
5,359
75
61,619
55,126
Page 14
continued...

HESTERS WAY PARTNERSHIP LTD.
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
RAISING FUNDS
Other Irading activities
31.3.24
31.3.23
Pantry costs
51,003
40.830
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note
Direct
Costs (see
note 8)
Support
costs (see
note 10)
9)
Totals
Charitable Activities
416,912
2,600
2,442
421,954
DIRECT COSTS OF CHARITABLE ACTIVITIES
31.3.24
31.3.23
Staff costs
Rèles and water
Insurance
Postage and stationery
Advertising and publicalions
Sundries
Office expenses
Training
Professional f ees
Events
Resource Centre costs
Depreciation
95,507
11.848
8,494
239
4,158
1,125
10,324
46
10,003
4,623
171,170
99,375
79,064
12.984
6,871
191
4,671
922
9,494
46
6,451
10,106
174,617
95,284
416,912
400,701
GRANTS PAYABLE
31.3.24
31.3.23
Cha ritabLe Activities
2,600
3.000
The total grants paid to institutions during the year was as
follows:
31.3.24
31.3.23
Chellenham Borough Council
2,600
3,OOD
Page 15
continued...

HESTERS WAY PARTNERSHIP LTD.
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
10.
SUPPORT COSTS
Governance
costs
Charitable Activities
2,442
Support costs, included in the above, are as follows:
31.3.24
Charitable
Activities
31.3.23
Total
activities
Auditors, remuneration
2,442
2,158
NET INCOME/(EXPENDITURE)
Nel income/(expenditure) is slated after charging/(crediling):
31.3.24
31.3.23
Auditors, remuneral ion
Depreciation owned assets
Income from operaling leases
2,442
99,375
(408,322)
2,158
95,284
1404,741)
12.
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or olher benefits for the year ended 31 March 2024 nor for the
year ended 31 March 2023,
Tru5tees' expenses
There were no trustees, expenses paid lor the year ended 31 March 2024 nor for the year ended
31 March 2023,
13.
STAFF COSTS
The average monthly number of employees during the year was as follows:
31.3.24
31.3.23
Administration Staff
No employees received emoluments in exces5 of £60,000.
Page 16
continued.

HESTERS WAY PARTNERSHIP LTD.
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
14.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Re51ricted
funds
funds
Total
fund5
INCOME AND ENDOWMENTS FROM
Donations and legacies
4,722
4.722
Charltable aclivitie5
Cl)arilable Aclivilies
407,7B9
52.078
459.867
Other trading activities
Investment income
6,278
1,239
10.259
16.537
1,350
Total
415,306
67,170
482,476
EXPENDITURE ON
Raising funds
40,830
40,830
Charitable acllvities
Charitable Activities
300,694
105,165
405,859
Total
300,694
145,995
446.689
NEf INCOMEI(EXPENDITURE)
Transfers between lunds
114,612
(13,347)
(78,825)
13,347
35,787
Net movemenl In funds
101.265
(65,4781
35.787
RECONCILIATION OF FUNDS
Total funds brought forward
112,415
3,086,767
3,199,182
TOTAL FUNDS CARRIED FORWARD
213,680
3.021,289
3,234,969
Page 17
continued...

HESTER5 WAY PARTNERSHIP LTD.
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
15.
TANGIBLE FIXED ASSErs
FreehoLd
property
Plant and
machinery
Computer
equipment
Totals
COST
At l April 2023
Addilions
4.243.604
150,969
30,511
2.077
4,396,650
30,511
At 31 March 2024
4,2143,604
181,480
2.077
4,427,161
DEPRECIATION
At l April 2023
Charge for year
1,372.978
78.472
76,649
20,903
2.077
1,451,704
99,375
Al 31 March 2024
1,451,450
97,552
2,077
1,551,079
NET BOOK VALUE
Al 31 March 2024
2,792,154
83,928
2,876,082
Al 31 March 2023
2,870,626
74,320
2,944,946
16.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Trade debtors
Other debtors
Prepayments
33,684
15,615
3,000
6,236
27,896
61,580
24,851
17.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Trade creditors
VAT
Olher creditors
Accrued expenses
Deferred income
13,360
10,447
474
7,558
10,498
16,494
19,104
973
5,184
12,763
42.337
54,518
The deferred income represent5 a capilal grant from Severn Wye Energy Agency towards the cost of
501ar panels at HWCRC. a capilal grant from Cheltenham Borough Council towai-ds Ihe cost of LED
lights and a capital grant from the Police and Crime Commissioner towards CCTV equipment, all of
which are being released against the charge for depreciation on those assets.
Page 18
continued...

HESTERS WAY PARTNERSHIP LTD.
NOTES TO THE FINANCIAL STATEMENTS - Continued
FOR THE YEAR ENDED 31 MARCH 2024
18.
MOVEMENTIN FUNDS
Net
movement
in funds
Transfers
between
fun(tS
Al
31.3.24
At 1.4.23
Unrestricted funds
General fund
Designated Fund Sinking Fund HWRC
Dèsignated Fund Sinking Fund SCRC
163.680
50,000
101,758
(58,616)
30,000
80,000
206,822
80,000
80,000
213,680
101,758
51,384
366,822
Restrlcted funds
SCRC
HWRC
Sinking Fund
Mulli-u5e Games Area
Renewables- PV Solar Modules
Youth Projects
Dreamscheme
CCTV
Pantry
Lighting
popps
Creative Youth Space
1.603.776
1,266.850
52.236
21,198
24,720
(45.822)
(32,650)
1.557,954
1,234,200
(52,236)
(4.102)
(8,003)
(2,353)
(5,038)
(478)
(9,510)
{1.142)
17,096
13,313
{3,404)
2,353
5,038
3,533
16.1271
(5411
2,835
32.907
16.324
443
5,890
17,270
14,641
443
32,926
32.926
3,021,289
(76,172)
<51,384)
2,893,733
TOTAL FUNDS
3,234.969
25.586
3,260,555
Nel movement in funds, included in the above are as follows.,
Incoming
resources
Resources
expended
Movement
in funds
Unrestrlcted funds
General fund
420,131
(318,373)
101,758
Reslricted funds
SCRC
HWRC
Multi-use Ganies Area
Renewables - PV Solar Modules
Youth Projects
Dreamscheme
CCTV
Pantry
Lighting
Creative Youth Space
(45.822)
(32,650)
(4,102)
(11.407)
(2,353)
(5,038)
(506)
(51,0 03}
{1,703)
(45,822)
(32,650)
(4,102)
(8,003)
(2,353)
(5,038)
(478)
(9,510)
(1,142}
32.926
3,404
28
41,493
561
32,926
78,412
(154,584)
(76.172)
TOTAL FUNDS
498,543
(472,957)
25,586
Page 19
continued...

HESTERS WAY PARTNERSHIP LTD.
NOTES TO THE FINANCIAL STATEMENTS - conlinued
FOR THE YEAR ENDED 31 MARCH 2024
18.
MOVEMENT IN FUNDS - conlinued
Comparatives for movement in funds
Net
movement
in funds
Transfers
between
funds
At
31.3.23
At 1.4.22
Unrestricted funds
General fund
Designated Fund- Sinking Fund HWRC
112,415
114,612
(63,347)
50,000
163,680
50,000
112.415
114,612
{13,347J
213,680
Restricted f unds
SCRC
HWRC
Sinking Fund
Multi-use Games Area
Rènewables - PV Solar Modules
Neighbourhood Management
Youth Projects
Dreamscheme
Growing our Communities
CCTV
Pantry
Groundwork
Lighting
popps
1,649,598
1,299,500
52,125
25,300
36,127
304
594
616
5,990
3.283
13,322
(45.822)
(32.650)
1,603.776
1,266.850
52,236
21,198
24,720
(4,102)
(8,003)
(3,404)
{30 4)
(861)
685
267
(1,301)
(5,990)
(448)
19,585
2.835
32,907
(8)
16,796
443
(472)
16,324
443
3,086,767
(78,825)
13,347
3,021,289
TOTAL FUNDS
3.199.182
35,787
3,234,969
Page 20
continued...

HEsfERS WAY PARTNERSHIP LTD.
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
18.
MOVEMENT IN FUNDS - conlinued
Comparative net movement in funds, included in the above are as follows..
Incoming
resources
Re50urce5
expended
Movement
in funds
Unrestricted funds
General fund
415.306
(300,694)
114,612
Restricled funds
SCRC
HWRC
Sinking Fund
Multi-use Games Area
Renewables- PV Solar Modules
Youth Projects
Dreamscheme
Growing our Communities
CCTV
Pantry
Lighting
(45,822)
(32,650)
(45,822)
(32,650)
(4,102)
(11,407)
(2.741)
(1.3 01)
(5,990)
(448)
(40,830)
(704)
14,102)
(8,003)
267
(1,301)
{5,990J
(448)
19,585
(472)
3,404
3,OD8
60,415
232
67,170
(145,995)
(78.825)
TOTAL FUNDS
482,476
{446,689)
35,787
oJAil%.of.de&iqDalRdlund&
Sinklng Fund - HWRC
Repair and mainlenance fund for ongoing upkeep of Hesters Way Community Resource Cenlre.
Sinking Fund SCRC
Repair and maintenance fund for ongolng upkeep of Springbank Community Resource Cenlre.
SCRC and HWRC
These funds represent the wrilten down values of freehold land and buildings (Hesters Way
Resource Centre and Springbank Community Resource Centre), against which fulure depreciation
charges will be made.
Multi-use Games Area
Funds raised to instal a Multi-use Games Area on the land in front of the Oasis Centre on Princess
Elizabeth Way.
Renewables - PV Solar Modules
Solar panels to enable the creation of electricity.
Neighbourhood Management
A grant to support conlinualion of Neighbourhood Management.
Youth Prolects
The various underspend from previous youth project5 have been amalgamated inlo onp 51ngle line in
the acco unls. All remaining f unds will be used as funding for youth proj ects or as matched funds for
future youth project bids.
Page 21
continued...

HESTERS WAY PARTNERSHIP LTD.
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
18.
MOVEMENT IN FUNDS - continued
Dreamscheme
The Dreamscheme project works with the help of the local schools, children and their families to
offer different experiences to engage children's atlention and interest to effect Positive change. The
project focuses on young people aged 7-10 from three local primary schools in Hester's Way and
Springbank who are at risk of exclusion from school. Through the scheme we help to improve the
children's behaviour, their goals and to reduce exclusions and widen their experiences by
concentrating on their strengths. encouraging a pride in their community and rewarding positive
action.
Growing Our Commut)itiÈ$
A successful bid was made to the Glouceslershire County Council to support improvements lo local
parks.
CCTV
Money raised for the re-eslablishment of the CCTV camera nelwork in Springfield park, including
upgraded cameras and monitoring equipmenl at Springfield Community Centre.
Pantry
A new food membership project which will provide reduced price food and household items lo local
people in need and offer advice.
Groundwork
A holding account for Heslers Way Forum to support the development of a neighbourhood plan for
Hesters Way Ward.
L5ghtlng
Funding towards upgrading Ihe lighting to LED for the premises.
popps
A holding account for a local community group.
Creallve Space
Funds to develop a creative area at Springbank Community Resource Centre.
Transfers between lunds
Transfers are made between restricted and unrestricted funds at the end of every accounting period
in cases where:
i) the activity of the reslricled fund has come to an end and there is an unspent balance that is not
repayable lo the funder{s), when the surplus is transferred to unreslricled funds: or
ii) the restricted fund has come to an end and there is no prospect of a surplus in a later period,
when Ihe deficil is eliminated by transfer from unrestricted funds.
Page 22
conlinued...

HESTERS WAY PARThlERSHIP LTD.
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
19.
RELATED PARTY DISCLOSURES
There were no related parly transactions for the year ended 31 March 2024.
Page 23