Charlty reglstration numbor 1084194 (England and Wales)
Company registration number 03685423
HESTERS WAY PARTNERSHIP LTD.
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

HESTERS WAY PARTNERSHIP LTD.
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Ms W L Flynn
Rev J P Hamilton
Mr R J Barkle
Dr L J P Kilford
Mr S M Richardson
Mr M J Sheppee
Mrs J Kurlbaum
(Appointed 18 November
2024)
Secretary
MrA K Hayes
Charlty number (England and Wal•s) 1084194
Company number
03685423
Reglstorod office
Hesters Way Communlty Resource
Centre Cassin Drive
Cheltenham
Gloucestershire
United Kingdom
GL517SU
Auditor
BK Plus Audit Limited
6 Manor Park Business Cenlre
MacKenzie Way
Swindon Village
Cheltenham
Gloucestershire
United Kingdom
GL519TX

HESTERS WAY PARTNERSHIP LTD.
CONTENTS
Page
Truslees, report
Statement of trustees, responsibilities
Independent auditor's report
8-10
Statement of financial activities
11
Statement of financial position
12
Slatemenl of cash flows
13
Notes to the financial statements
14-24

HESTERS WAY PARTNERSHIP LTD.
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial stalemenls and Comply with the charity's governing document, the Companies Acl 2006, FRS 102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland" and Ihe Charities SORP "knounting
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)
Objectlves and actlvltles
Alms and Objectlves
The objects of the company are to pursue any charitable purpose for the benefit of the inhabitants of West
Cheltenham (includes but is not limited to the wards of Hesters Way. Springbank, St Marks and St Peters) in the
Boroughs of Cheltenham and Tewkesbury without distinction on the grounds of gender, race, or religious or political
or other opinion, and in particular the relief of poverty, the advancement of education and Iraining, the preservation
and enhancement of Ihe environment, the preservation and protection of physical and mental health, and the
provision of leisure and community facilities in the interests of social welfare.
Publlc beneflt
The Iruslees kept in mind the Charity Commission's guidance on public benefit whilst planning the charity's activlties
for the year. These activities are described in the Achievemenl and Performance sections below.
Vlsion Statemont
Our vision is for West Cheltenham to be a tlourishing community with opportunities for all.
Misslon Statement
Working with local people, groups and organisations to connect and empower them to develop healthy, happy and
sustainable communities.

HESTERS WAY PARTNERSHIP LTD.
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 34 MARCH 2025
ACHIEVEMENT AND PERFORMANCE
The Hesters Way Partnership IHWP) 8oard has focused its attention on addressing the strategic goals identified in
the three-year plan developed in 2024.
The strategy set out these priorities.
1. To develop the sustainability of the organisation, including a secure financial position
2. To improve HWP governance and related systems and processes
3. To focus on using a community development approach lo increase connection with residents. groL¢PS and
organisations
4. To influence the design and development of the Golden Valley D8velopment and its integration wlth
communities in West Cheltenham
The fi'nancial footing of the organisation has been key to furthering the community goals and the improvements in
facilities that have taken place during the year.
We have Improved monitoring and evaluation of Ihe Hesters Way and Springbank Community Resource Centr8S,
promoting efficiency and maximising community use. We have signed up with Peninsula who offer HR advice and
office systems.
Our dedicated facilities manager has addressed issues in both premises, and we have made some necessary
investment at the Community Centres.
Investment at the Community Centr•s
Having completed the foyer space at Hesters Way in August 2024 we continued with improvements to the
Community spaces on the first floor in partnership wilh Construction School at Gloucestershire College. The
café area has also seen investment and reopened in early 2025 with the recruitment of a new café
manager.
We have undertaken accessibility reviews of bolh premises and have developed a programme of
improvements to ensure all members of the community are able to use all the services we offer. The work
will include improved kitchens, hearing loops, and a new lift at Hesters Way funding permitting. We also
plan to improve access lo two community garden spaces at Springbank with better accessibility, raised bed
planting and a sensory element.
Malntenance
The contract wilh Greener Gardener has incorporated a community gardening project at which local
volunleers have helped with maintenance tasks across the premis8s including upkeep of our planters and
herb garden.
Our in-house team responds to all requests quickly and efficiently.
utilitlO5
At Hesters Way we will continue to supply discounted electricity from solar panels installed in 2022 and
free, the energy generated from the original solar panels installed in 2010.
We continue lo make improvements and have a programme of works for 2025-26 awaiting implementation.

HESTERS WAY PARTNERSHIP LTD.
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Charitable actlvltles
As part of our strategic plans, we have started a new community development inilialive focused on Hesters Way
Community Centre. The new Hesters Way Community Centre foyer redevelopment, now known as The Hub will
enable community activities to take place in a fresh and welcoming space. The Partnership successfully raised
funds from the NHS and GCC Thriving Communities fund to kick slart the programme. We have employed a
community development worker to run activities based on local need including offering access to support, advice
and guidance.
To support the new programme, we have reopened the café in the lobby and renamed it The Ash Tree Community
Café. A new manager, lain is now offering value and quality meals, sandwiches, snacks and cakes lo Community
member5, tenants and hall hirers. The café is working closely with the community development and pantry staff and
partners to ensure good local take-up.
We have continued our Dreamscheme project which engages primary age young people promoting increased self-
esteem, motivation, team working and good behaviour. Our search for support has been successful, and the
National Benevolent Charity have funded two further years of staff costs for this well-loved scheme.
The Multi Use Games Area in Coronation Square (MUGA) installed in June 2018 continues to provide a much-
needed sports resource to the area and offers youth organisations opportunities lo engage with young people. We
have run free Easter and Summer drop ins with coaching sessions 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 CcAnmunity
Group we re-commissioned The Music Works to run a two-month programme which offered creative and
engagement activities for the youth community. We hope the project will continue into the new year.
The West Cheltenham Community Pantry at Hesters Way CRC has supported over 600 members since Its
inception in 2021. Since the original manager left us we have restructured the management roles lo help signpost
pantry members to local support services. The project was awarded grant funds sums for food supplies from
Feeding Britain, #feedchellenham, Gloucestershire County Council and Cheltenham Borough Council (CBC}. Local
benefactors have also generously supported the pantry with financial and in-kind contributions.
We have supported the local community around Springfield Park which has been awarded Green Flag slatus for
elfth consecutive year.
The continuing neighbourhood planning project is reaching completion with the development of the Heslers Way
Neighbourhood Plan which can be viewed on the www.heslerswa
k A big thanks goes to the Forum
Steering Group who have worked tirelessly on this fantastic community project. The group have begun negotiations
with the Golden Valley developers to ensure the benefits of this exciting scheme can be shared across the west of
the town. Thanks lo grant support from Enovert, CBC CIL and the CBC Parks Department the Forum have enabled
the installation of new park equipment al Fiddlers Green Park furthering Ihe parks redevelopmenl plan.
We have now completed $4 issues of the local magazine 'ViewpoinV' highlighting the work of partners and
promoting positive views of Hesters Way.
This combined with the Partnership's renamed social media pages including websile.. www
account I@t]wllL￿h. ) and facebook page "West Cheltenham Partnership l Facebook" keep local people,
organisalions and agencies informed of local developments, meetings and issues of local interest.
Thanks to our directors, staff, volunteers and our community without whom none of this would be possible.

HESTERS WAY PARTNERSHIP LTD.
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Flnanclal Revlew
Reserves Policy
Unrestricled funds are declared al £417,406, a large increase in comparison with 2024, reflecting further
improvements in performance the slabilisation of business finances 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 the charity's reserves at a level of at least £150,000 which is at least equivalent to
elve months, predicted core expenditure for the year 2025-26.
The Heslers Way and Springbank CRCS now have associated slnking fund accounts. The Hesters Way sinking fund
account stands at £90,000 and the Springbank sinking fund account stands at £92,457 at the year end. These
accounls are intended to provide funds lo cover the cost of replacement of the following items at the end of Ihelr life.,
roof {£40k I CRC} , boilers {£50k), wiring1£20k). plumbing (£20kl, kitchens (£30kl, flooring {£50k), external drainage
(£20k>, walls and fences (£20k), car park {£50k - HWCRC only) and CCTV {£15k). It is proposed that they grow
annually such that once rep5acemenl is required, sums are available to that end. Each building will need a minimum
of £300k available at the end of a 30-year period plus the annual inflation rale which equates to £10k I CRC l year.
HWP has a low-risk approach to additional reserves due to concerns regarding. potential reductions in funding in
curienl climate,. the effect of the loss of any of the five principal tenants and provision for build ing repairs to cover
uninsurable events - e.g. essential improvements and repairs at the Community Resource Centres.
Investment Pollcy and Obj•ctiv•s
The Directors continue to pursue a low-risk investment policy for savings in view of the economic uncertainty in the
banking industry in recent years and continue to monitor investments to ensure an effective return combined with
flexible access to funds.
2024- 25 Flour•s
Income
Expenditure
£514,950 (including £84,394 in grant revenues)
£529,083 (including £101,460 depreciation)
Deficit
£14,133
Nel depreciation £101,460
Trading surplus £87,327
The grant income supporled the West Chellenham Community Pantry, Dreamscheme, Community Hub al Hesters
Way, Springbank Creative Space, Community Development and Youth Work.

HESTERS WAY PARTNERSHIP LTD.
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Plan5 for future periods
Future Opportunities
The Partnership plans to increase its community development efforts in the coming years and has committed funds
to employ officers to that effect. Community activities started this year as part of the Hub project will continue to
grow and attendees will be given access to support, advice and guidance. We will be conducting surveys to
establish what new services to offer over the following year. The Hub will continue to work closely with the Ash Tree
Café and pantry staff and partners to ensure local lake up.
Since assessing our community centers for their accessibility last year, we will have begun to address many of the
issues raised. We will be redesigning some of our community spaces and facilities and hope to be making funding
applications to support improved access for the whole community. Spaces will include gardens, toilets and the
Heslers Way lift.
These new activities will offer volunteering opportunities for community members and a new volunteering scheme
lies at the heart of the partnership's strategy in the years to come.
We plan to reinvigorate the local West Cheltenham Neighbourhood Coordination Group meetings. 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 to ensure that the neighbourhood plans for the area successfully progress to
referendum and that it reflects the views and aspirations of the local community. The project is progressing well as
can be $8en via the website
Al
The Board has committed to support the development of the West Cheltenham Pantry Project. The scheme has
proved to be increasingly popular, helping to address food poverty whilst also offering advice and guidance to
members. Further work will take place to support pantry member. identifying and responding to their needs.
We will continue to promote the activities of partners via issues of the local magazine "Viewpoinf, and the
Partnership's website..
nh
Instagram and Facebook.
Further efforts will be made to improve standards of governance and to better utilise the skills of the current Board
of Directors.
structurei governance and managemont
Governing 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 July 14th 2024.
The company is constituted as a company limited by guarantee and therefore has no share capital. In the event of
the company being wound up, and the liabilities and winding up expense being in excess of assets, Ihe liability of
each member is limited to £1.
The trustees, who are also the directors for the purpose of company law, and who served during theyear and up to
the date of signature of the financial statements were..
Ms W L Flynn
Rev J P Hamilton
Mr R J Barkle
Dr L J P Kilford
B Morgan
Mr S M Richardson
Mr M J Saunders
Mr M J Sheppee
Mrs J Kurtbaum
(Resigned 18 November 2024)
{Resigned 7 January 2025)
(Appointed 18 November 2024)

HESTERS WAY PARTNERSHIP LTD.
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Organlsatlonal structure
The company is managed by a Board of directors (trustees), which includes representatives from all its major
stakeholders. The Board meets al least four times a year. 11 comprises a minimum of five and a maximum of twenty"
two directors, of which no more than 19 % may be Local Authority persons. as defined in the company's Articles 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 Ihe company faces on a regular basis and believe that
maintaining unrestricted reserves at current levels. proper forecasting of incomes and expenditures combined with
an annual review of the controls over key financial systems. will provide sufficient resources in the 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.
Audltor
In accordance with the company's articles, a resolution proposing that BK Plus Audit Llmiled be reappointed as
auditor ofthe company will be put at a General Meeting.
Dlsclosur• of Informatlon to audltor
Each of the trustees has confirmed Ihal there is no information of which they are aware which is relevant to the
audit, but of which the auditor is unaware. They have further Confirmed that they have taken appropriat8 steps to
identify such relevant information and 10 8Stablish that the auditor 15 aware of such information.
The trustees, report was approved by the Board of Trustees.
Mr R J Barkle
Trustee
17 November 2025

HESTERS WAY PARTNERSHIP LTD.
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR EAIDED 31 MARCH 2025
The trustees, who are also the directors of Hesters Vvay Partnership Ltd. for the purpose of company law, are
responslble for preparing the Trustees, Report and the financial statements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom GenerallyAccepled Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair
view of the stale of affairs of the charity and of the incoming resources and application of resources, including the
income and expenditure, of the charitable company for Ihat year.
In preparing these financial statements, the trustees are required to..
select suitable accounting policies and then apply Ihem consistently.
observe the methods and principles in the Charities SORP.,
make judgements and estimales that are reasonable and prudent., and
pr8pare the financial stalements on the going concern basis unless it is inappropriate to presume that the charity
will conlinue in operation.
The trustees are responsible for keeping ad8quate accounting records that disclose with reasonable accuraGy at
any time the financial position of the charity 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 charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.

HESTERS WAY PARTNERSHIP LTD.
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF HESTERS WAY PARTNERSHIP LTD.
Opinion
We have audited the financial slatemenls of Hesters Way Partnership Ltd. (the 'charity') for the year ended 31
March 2025 which comprise the statement of financial activities, the statement of financial positlon, the statement ot
ash flows and notes to the financial statements, including significant accounting policies. The financial reporting
framework that has been applied in Iheir preparation is applicable law and United Kingdom Accounting Standards,
including Financial Reporting Standard 102 The Finan￿al Reporting Slandard applicable in the UK and RepLJblic oj
/reland{Uniled Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements-
give a true and fair view of the slate of the charitable company's affairs as at 31 March 2025 and of its
incoming resources and application of resources, including its income and expenditure. for the year then
ended.,
have been properly pr8pared in accordance with United Kingdom Generally Accepted Accounting Practi￿.,
and
have been prepared accordance with the requirements of the Companies Act 2006.
Basls lor oplnlon
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 Auditors responsibilities for the audit 01
the financial statemenls section of our report. We are independent of the charity in accordance with the ethical
requiremenls that are relevant lo our audit of th8 financial stalemenls in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordan￿ with Ihese requirements. We belleve
Ihat Ihe audit evidence we have obtained is suffici8nt and appropriate to provide a basis for our opinion.
Concluslons rolatlng to golng conc•rn
In auditing the financial statements, we have concluded that the trustees, use of the golng concem basis of
eccounting in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainlies relatlng to events or
condition5 that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going
concern for a period of al18ast twelve months from when the financial statemenls are authorised for issue.
Our responsibilities and the responsibilities of the trustees wilh respect to going concern are described in the
relevant sections of this report.
other Information
The other information comprises the information included in the annual report other than the financial statements
and our audltor's report Ihereon. The trustees are responsible for the other information contained within the annual
report. Our opinion on the financial slalements does nol cover the other information and, except to the extent
olherwise explicilly stated in our report, we do not express any form of assurance Conclusion thereon. Our
responsibility is to read the other information and, in doing so, consider whether the olher information is materially
inconsistent with the financial slatemenls or our knowledge obtained in the course of the audit, or othemise appears
to be materially misstated. If we identify such material inconsislencies or apparent material misslalements. we are
required lo determine whether this gives rise to a material misslatement in the financlal statements themselves. 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 lo report in this regard.
Opinions on other matters prescrlbed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit=
the information given in the Iruslees, report for Ihe financial year for which the financial statements are
prepared, which includes the directors, report prepared for the purposes of company law, is consistent with the
financial statements- and
the directors, report included within the trustees, report has been prepared in accordance with applicable legal
requirements,

HESTERS WAY PARTNERSHIP LTD.
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF HESTERS WAY PARTNERSHIP LTD.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its enwronment obtained in the course of the
audit, W8 have not identified material misstatements in the directors, report included within the tfUStees' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires
us to report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequat8 for our audit have not been received
from branches not visited by us., or
the financial slatements 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 exp5anations we require for our audit., or
the trustees were not entitled to prepare the financial stalements in accordance wilh the small companies
regime and take advantage of the small companies, exemptions in preparing Ihe trustees, report and from the
requirement to prepare a strategic report.
Responslbllitios of trustees
As explained more fully in the statement of Irustees, responsibilities, the trustees, who are also the directors of the
charity for the purpose of company law, are responsible for the preparation of the financial slatement5 and for being
satisfied that they giv& a true and fair view, and for such internal control as Ihe trustees detefmine is necessary lo
enable the preparation of financial statements that are free from material misstalement, 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, disGlosin9, as applicable. matters related to going concern and using the going
concern basi5 of accounting unless the trustees either intend to liquidate the charitable company or lo cease
operations, or have no realistic alternative but to do so.
Audltor's responsibilltl•s for tho audlt of the flnanclal statement$
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 lo issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee Ihat an audit conducled in accordance
with ISAS (UK) will always detect a material misstatement when it exists. Misslalements 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 d8cisions of users taken on the basis of Ihese financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-
compliance with laws and regulations, our procedures included the following:
enquiries of management including a pre audit meeting;
obtaining and reviewing supporting documentalion of policies conceming the laws 8nd ￿gUlationS
applicable to the business.,
understanding how the company complies with its regulatory framework by making enquiries of
management.,
considering the culture inherenl in the company and whether this represents a culture of honesty and
ethical behaviour with a strong emphasis of detection and prevention of fraud.

HESTERS WAY PARTNERSHIP LTD.
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF HESTERS WAY PARTNERSHIP LTD.
We assessed the susceptibility of the company's financial statements to material misstatement and considered how
fraud might occur. The audit procedures performed included. bul were not limited to..
challenging management assumptions and estimates-
identifying and testing unusual journal entries-,
assessing how the relevant laws and regulations have been complied with and noting any instances of non
compliance.
reviewing the financial stalements for compliance with relevant Accounling Standards and accounting
legislation applicable to a small company.,
considering how those charged with governance have addressed the possibility of an override of
essential controls or other influence over the financial reporting processes.
In addition, we a550 considered other non financial laws relevanl to the company. These do not ne￿$sarIlY have a
direct influence on the financial statements bul might affect the company's ability to operate.
A further description of our responsibilili8s is available on the Financial Reporting Council's website at.. htlps'.11
www.frc.org.uklauditorsresponsibilities. This description forms part of our auditors report.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance wilh Chapter 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken so Ihat we might stale lo Ihe CharIta￿e company's
members 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
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 Downe5 FCA (Senlor Statutory Auditor)
For and on behalf of BK Plus Audit Limited, Statutory Audilor
Chartered Certified Accountants
6 Manor Park Business Centre
MacKenzie Way
Swindon Village
Cheltenham
Gloucestershire
GL51 gTX
United Kingdom
17 November 2025
10-

HESTERS WAY PARTNERSHIP LTD.
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unr•6tYlcted Restrictod
funds
funds
2025
2025
Total Unrestrlclod Restrlcted
funds
funds
2024
2024
Total
2025
2024
Notes
Income lyom:
Donation5 and legacies
ChaTltable activities
Other trading activities
Investment income
3.346
84.394
10.563
3,346
488,915
15,697
6,992
3,131
61,619
13,662
3,131
469,941
20,661
4,810
404,521
5,134
6,992
408,322
6,999
4,810
Total Income
416,647
98,303
514,950
420,131
78,412
498,543
Exp•ndlture on:
Raising funds
Charitable activities
46,019
107,971
46,019
483,064
51,003
103,581
51,003
421,954
375,093
318,373
Total •xpendlture
375,093
153,990
529.083
318,373
154,584
472,957
N•t Incomollexp•nditur•)
41,554
{55,687)
(14,133)
101,758
(76,172)
25,588
Transfers be￿een
funds
9.030
(9.0301
51,384
(51,3841
Net movement In
funds
11
50.584
(64,717)
(14,133)
153,142
(127,556)
25,586
Recon¢lllatlon of funds:
Fund balances at 1 April 2024
386,822 2,893.733 3.260,555
213,680 3,021,289 3,234,969
Fund balances at 31
March 2025
417,406 2,829,016 3,248,422
366,822 2,893,733 3,260,555
The notes on pages 1410 24 form part of these financial statements.
11

HESTERS WAY PARTNERSHIP LTD.
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
2025
2024
Notes
Flxed assets
Tangible assets
14
2,814,766
2,876,082
Current assets
Debtors
Cash al bank and in hand
15
29,127
440,651
61,580
365,230
469,778
426,810
Credltors: amounts falllng du•
wlthln one year
16
(38,122)
(42,337)
Net current assets
431,656
384,473
Total a66•ts loss current Ilabllllles
3,248,422
3,260,555
The fund5 of th• charity
Restricted income funds
Unrestricted funds
18
19
2,829,016
417,406
2,893,733
386,822
3,246,422
3,260,555
The notes on pages 14 to 24 form part of these financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies sublect
to the small companies regime.
The financial statements were approved by the trustees on 17 November 2025
Mr R J Barkle
Trustee
Company regislratlon number 03685423 (England and Wales)
12-

HESTERS WAY PARTNERSHIP LTD.
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flows from operating activltles
Cash generated from operations
22
108,573
71,241
Investing actlvltles
Purchase of tangible fixed assets
Investment income received
(40,144)
6.992
{30,511)
4,810
Net cash used In Inv•stlng actlvltles
(33,152)
(25,701)
Net cash generated from flnanclng
actlvltles
Net Incroaso In cash and cash equlvalents
75,421
45,540
Cash and cash equivalents at beginning of year
365,230
319,690
Cash and ¢•6h equlvalents at ond of y•ar
440,651
365,230
The notes on pages 14 to 24 form part of these financial statements.
13-

HESTERS WAY PARTNERSHIP LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policles
Charlty Information
Hesters Way Partnership Ltd. is a private company limited by guaranlee incorporated in England and Wales,
The registered office is Hesters Way Community Resource, Centre Cassin Drive, Cheltenham,
Gloucestershire, GL517SU, United Kingdom.
1.1 Accountlng convention
The financial statements have been prepared in accordance with Ihe charity's governing document, the
Companies Act 2006, FRS 102 The Financial Reporting Standard applicable in the UK and Republic ol
Ireland" and the Charities SORP "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)" The charity is a Public Benefit Entity as defined by
FRS 102.
The financial statements aTe prepared in sterling, which is the functional currency of the charity. Monetary
amounts in Ihese financial slalements are rounded to the nearest £.
The financial slatemenls have been prepared under th8 historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Charitabl• lunds
Unrestricted funds can be used in accordance with Ihe charitable objectives at the discretion of the Iruslees.
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 funds are raised for partlcular restricted purposes.
Fund accountlng
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
1.3 Income
All income is recognised when the charity is legally entitled to it after any performance conditions have been
mel, the amounls can be measured reliably, and il is probable that income will be received.
Rental income and income from renewable energies are recognised in the period to which they relate.
Grants with time conditions are recognised in the period to which they relale.. other unconditional income
grants are recognised on confirmation of award. Capital grants are carried fO￿ard and released lo income
over the period of depreciation of the assets to which Ihey relate.
Donations and olher income are recognised on receipt.
Advertising income 15 recognised at the point of invoicing.
14-

HESTERS WAY PARTNERSHIP LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcias
(Continued)
1.4 Expenditure
Expenditure is recogni5ed once there is a Segal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in selllement, and the amount of
the obligation can be measured reliably.
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all
cost related to the category. Where costs cannot be directly attributed to particular headings they have been
allocaled to activities on a basis consislent with the use of resources_
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment
but not accrued as expenditure.
1.5 Tanglble flxed assets
Tangible fixed assets are initially measured at cost and subsequently measured al cost or valuation, net of
depreciation and any impairment losses.
Depreciation Is recognised so as to write off the cost or valuatlon of assets less thelr ￿sIdual values over thelr
useful lives on the following bases-
Freehold property
Plant and machinery
Computer 8quipm8nt
29A on cost
100A on cost
250h on cost
Assets costlng less than £1,000 individually are not capitalised unless they form part of an overall project.
1.6 Taxatlon
The charity is exempl from corporation tax on its charilable activities. It is not, however, exempt from VAT, and
where there is Irrecoverable VAT. il is included as an expense ilem in the financial stalements.
Critical accountlng estimates and Judg•m•nts
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates
and assumplions about the carrying amount of assels and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimales are recognised in the period in which the estimate is revised where the revision affecls only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from donatlons and legacies
Restricted
funds
2025
Restrlcted
funds
2024
Pantry donations
3,346
3,131
15-

HESTERS WAY PARTNERSHIP LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Income from charltable activltles
Unr0Strlcted Restricted
lunds
funds
2025
2025
Total Unreslrlctad R•strlcted
lunds
funds
2024
2024
Total
2025
2024
Charltable actlvltles
Grants
Rents, service charges
and utilities
84.394
84,394
61,619
61,619
404,521
404,521
408,322
408,322
404,521
84.394
488.915
408,322
61,619
469,941
Incom• from other trading actlvltles
Vnr•slrlcted Restri¢t•d
funds
funds
2025
2025
Total Unrèstrlct•d Rostrlcted
funds
funds
2024
2024
Total
2025
2024
Income from renewable
energies
Other income
Advertising income
Pantry memberships
1,820
477
340
2,697
1,620
547
340
13,190
5,704
555
740
5,704
555
740
13,662
70
10,493
13,662
other trading activities
5,134
10,563
15,697
6,999
13,662
20,661
Income from Invostments
Unrgstrlcted Unrestrlctgd
funds
funds
2025
2024
Inleresl receivable
6,992
4,810
Expenditure on raising funds
Restrlcted Restricted
funds
funds
2025
2024
Fundralslng and publlclty
Pantry costs
46,019
51,003
16-

HESTERS WAY PARTNERSHIP LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expenditure on charltable activities
Charltable Charltable
activities
activitles
2025
2024
Dlrect costs
Staff costs
Depreciation
Rates and water
Sundries
Professional fees
Office expenses
Training
Insurance
Postage and slation&ry
Advertising and publications
Events
Resource Cenlre costs
102,539
101.460
1,148
888
16,932
10,749
560
9.863
672
4,169
14,136
217.128
95,507
99,375
11,848
1,125
10,003
10,324
46
8,494
239
4,158
4,623
171,170
480,244
416,912
Grants payable (see note 91
320
2,600
Share ol support and governanc• costs (see note 10)
Audltors, remuneration
2,500
2,442
483,064
421,954
Analysls by fund
Unrestricted funds
Reslricled funds
375,093
107,971
318,373
103,581
483,Q64
421,954
Grants payabl•
Charitablo Charltable
actlvltles
activities
2025
2024
Grants paid
320
2,600
17-

HESTERS WAY PARTNERSHIP LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
10 Support costs allocated to actlvltles
2025
2024
Auditors, remuneration
2,500
2,442
Analysed betwoon:
Charitable activities
2,500
2,442
11 Net movement In funds
2025
2024
The net movement in funds is stated after chargingl(crediting)-
Fees payable for the audit of the charity's financial statements
Depreciatlon of owned tangible fixed assets
Income from operating leases
2,500
101,460
(404,521)
2.442
99,375
(408,3221
12 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the
harity during the year.
13 Employe•s
The average monthly number of employees during the year was..
2025
Numbor
2024
Numbor
Administration staff
Employment costs
2025
2024
Wages and salaries
102,539
95,507
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key managemenl personnel was as follows=
2025
2024
Aggregate compensation
50,058
46,532
18-

HESTERS WAY PARTNERSHIP LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR EIVDED 31 MARCH 2025
14 Tangible fixed assets
Freehold
Plant and
Computer
Property ma¢hinery equipment
Total
Cost
At 1 April 2024
Additions
4,243,604
181,480
40,144
2,077 4,427,161
40,144
At 31 March 2025
4,243,604
221,624
2,077 4,467,305
Depreciation and Impalrment
At 1 April 2024
Depreciation charged in the year
1,451,450
78,472
97,552
22,988
2.077 1,551,079
101,480
At 31 March 2025
1,529,922
120.540
2,077 1,652,539
Carrylng amount
At 31 March 2025
2,713,682
101.084
2,814,766
At 31 March 2024
2,792,154
83,928
2,876,082
15 Debtors
2025
2024
Amounts falllng due wlthln on• y•ar:
Trade debtors
Prepayments and accrued income
13,467
15,660
33,684
27,896
29,127
61,580
16 Credltors: amounts falllng due wlthln one year
2025
2024
Not•s
other taxation and social security
Deferred income
Trade creditors
Other creditors
Accruals
8,349
6.359
14,592
567
8,255
10,447
10,498
13,360
474
7,558
17
38,122
42,337
17 Deferred income
2025
2024
Other deferred income
6.359
10,498
19-

HESTERS WAY PARTNERSHIP LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
17 D•f•rred Income
(Contlnued)
Deferred income is included in the financial statements as follows-.
2025
2024
Deferred income is included within..
Current liabilities
6,359
10,498
Movements in the year..
Deferred income at 1 April 2024
Released from previous periods
Resources deferred in the year
10,498
(4,139)
12,763
(3,9931
1,728
Deferred income at 31 March 2025
6,359
10.498
The deferred income represents a capital grant from Severn Wye Energy Agency towards the cosl of solar
panels at HWCRC, a capital grant from Cheltenham Borough Council towards the 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.
18 R•strlct•d funds
The restricted funds of Ihe charity comprise the unexpended balances of donations and grants held on trust
subjecl to specific conditions by donors as to how they may be used.
At l April
In¢omlng Resourcos
2024 resourcos
expended
Transfers At 31 March
2025
SCRC
HWRC
Mulli-use GamesArea
Renewables - PV Solar
Modules
CCTV
Pantry
Lighting
popps
Creative Youth Space
Community Health and
Developmenl
Youth Projects
Dreamscheme
1,557.954
1.234,200
17,096
(45,8221
(32,6501
(4,1021
1,512,132
1,201,550
12,994
13,313
5.890
17,270
14,641
443
32.928
3,404
773
33,095
561
70
10,000
(11 ,407}
{1,048)
(44,608}
(1,703)
(70)
(1,338)
(3,4041
(529)
70
{580}
1.906
5,086
5,827
12,919
443
36,130
(5,458)
32,500
8,400
9,500
32,500
(9.271)
(1,971)
871
7,529
2,893,733
98,303
(153,990)
(9,030)
2,829,016
-20-

HESTERS WAY PARTNERSHIP LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
18 Restrl¢ted funds
(Continued)
Prevlous yoar:
At 1 April
Incomlng R•sources
2023 resources
expended
Transfers At 31 March
2024
SCRC
HWRC
Sinking Fund
Multi-use Games Area
Renewable5 - PV Solar Modues
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
(52,238)
(4,102)
(11.407)
(2.353)
(5,038)
(5061
(51,003)
(1,703)
17,096
13,313
3,404
(3,404)
2,353
5,038
3,533
<6,127)
(541)
2,835
32,907
16,324
443
28
41,493
561
5,890
17,270
14,641
443
32,926
32,926
3.021,289
78.412
(154,584)
(51,3841
2,893,733
19 Unrestrlcted fund8
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 Apr•1
Ineomlny Resources
2024 r•50urces
expend•d
Transf•rs At 31 March
2025
Designated Fund- Sinking
Fund HWRC
Designated Fund - Sinking
Fund SCRC
General funds
80,000
10,000
90,000
80,000
206,822
12,457
{13,427)
92,457
234,949
416,647
{375.093)
366.822
416,647
(375,093)
9,030
417,406
Prevlous year:
At 1 April
2023
Incoming Rosources
rosources
exp•nded
Transfers At 31 March
2024
Designated Fund - Sinking
Fund HIIVRC
Deslgnated Fund - Sinking
Fund SCRC
General funds
50.000
30,000
80,000
80,000
(58,616)
80,000
206,822
163,680
420,131
(318,373)
213,680
420,131
(318,373)
51,384
366,822
21

HESTERS WAY PARTNERSHIP LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
19 Unrestrlcted funds
(Contlnued)
Detalls of desl
nated funds
Slnking Fund - HWRC
Repair and maintenance fund for ongoing upkeep of Heslers Way Community Resource Centre.
Slnklng Fund - SCRC
Repair and maintenance fund for ongoing upkeep of Springbank Community Resource Cenlre.
Detalls
f restrlcted funds
SCRC and HWRC
These funds represent Ihe written down values of freeho5d land and buildings (H8Sters Way Ressource
Centre and Springbank Community Resource Centrel, against which future depreciation Charges will be
made.
Multl-us• games Area
Funds raised to install a Multi-use Games Area on land in front of the Oasis Centre on Proncess Elizabeth
Way.
Renowables - PV Solar Modul•s
Solar panels lo enable the crealion of electricity.
CCTV
Money raised for Ihe re-establishment of Ihe CCTV camera network in Springfield park, including upgraded
cameras and monitoring equipment at Springfield Cornmunity Centre.
Pantry
A food membership project which provides reduced price food and household ilems lo local people in need
and offers advice
Lightlng
Funding lowards upgrading the lighting to LED for the premises.
popps
A holding account for a local community group.
Creatlve Youth Spac•
A new space for youth and community activities made available from redesign of the lobby at Springbank
Community Resource Centre.
Communlty Health and Development
Funds to develop a community hub space at Hesters Way Community Resource Centre lo address
community needs particularly for young people, the elderly, the infirm and those with mental health issue5.
Youth Projects
Funds used for various youth projects or as matched funding for future youth project bids.
Dreamscheme
The Dreams¢heme project works with the help of the local schools. Ghildren and their families to offer different
experiences to engage children's attention and interest to effect positive change. The project focuses on
young people aged 7-10 from Ihree local primary schools in Hester's Way and Springbank who are at risk of
exclusion from school. Trough 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 commljnity and rewarding positive action.
-22-

HESTERS WAY PARTNERSHIP LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
19 Unr¢stricted funds
(Continued)
Transfers between funds
Transfers are made between restricted and unrestricted funds at the end of every accounting period in cas&s
where..
i) the activity of the restricted fund has come to an end and there is an unspent balance that is not repayable
to the funder(s), when Ihe surplus is transferred to unrestricted funds,. or
11> the restrlcled fund has come lo an end and there is no prospect of a surplus in a later period, when the
deficit is eliminated by transfer from unrestricted funds.
20 Analy51s of net assets between funds
VnY•strlcted R•strlct•d
lunds
funds
2025
2025
Total
2025
At 31 March 2025:
Tangible a55els
Current assetsl{liabilities)
32,049
385,357
2,782,717
46,299
2,814,766
431,656
417,406
2,829,016
3,246,422
Unr•slrlcted Restrlcted
funds
funds
2024
2024
Total
2024
At 31 March 2024:
Tangible assets
Current asselsl(liabilities)
50,036
316,788
2,826,046
67,687
2,876,082
384,473
366,822
2,893,733
3,260,555
21 Related party transactlons
There were no disclosable related party transactions during the year (2024 - none).
-23-

HESTERS WAY PARTNERSHIP LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR EIVDED 31 MARCH 2025
22 Cash genorated from operatlons
2025
2024
(Deficit)Isurplus for the year
(14,133)
25,586
Adjustments for:
Inveslment incom8 recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
(6,992)
101,460
{4,810)
99,375
Movements In worklng capltal:
Decreasellincrease} in debtors
(Decrease) in creditors
(Decrease) in def6rred income
32,453
(76)
(4,139)
(36,729)
{9,916)
{2,265)
Cash g•n•rat•d from op•ratlons
108,573
71,241
23 Analysls of changes In net funds
The charity had no material debt during the year.
-24-