Company reg151r10ll number.. 04740680 chl.11Y regisu'ation numbei.; 1101631 Costar Partnership IA iotnpany litnited by gii?I'antee) Annu Rcport and Financial Statements for the YeELr Ended 31 M'Ch 2025 HSJ A¢countants Ltd S¢v¢rii I-IL)Lise Flazell Di'ive NeNFK>rt South Wales NPIO 8FY
Coslar Partnership Contents Stratogic Rewjrt Iru5te43' R¢y>rt 2tr)7 Inil¢pendeiit EXamIn'S Report 8tthLnetLt oI.'Financial A¢tivities Ballln Sheet io Notes to the Financial Statemcnts Ilto22
Costar Partnership Strategic Report for the Year Ellded 31 Marcli 2025 The tLUStees: who are directo tor the plii'poses ot eompaiiy low. pi'esent th¢ir strategic repoi'l for the year cttd¢d 31 m'ch 2025. ill ¢ompliatw¢ with s414C of th¢ Cornpani&% Act 2006. Flnallcllll r¢vleTv Prlneipulfvn41thg sour¢eJ Costar acknowledges ivith thanks tiinding granted by the tolloNving orEanisations.' TorfJen County Borou¥h Council Th¢ Fl¢nry Sihiih Charliy The National Lottery Commumty Fiilld vmbran Community CoLincil Neighboui'ly Torfaen Voluntary Alliance Garfjeld W¢stt)n Costw is pl¢as¢d to Ivorli in partnership with the followins org&1sations'. Faresb.e Gateway Credit Ullion Bron Afoii SOCI Ilousing Givent Poli¢e Local Sup¢n)iark¢ls- Tcsco, ASDA, sains1x6 gnd Morrisons Coleg Gwen¢ Commiinity RePaint 'rorfa¢ii VolwitaTh AllianL TDrfa¢n County Boi'oligh C'ouncil Toi'f&eii Play Servicc Toi'fa. e11 Yoiing Peoples Siipport Senrice raii'liill Methodis¢ Chiiych Keep WaLes fidy NeightK)w'Iy Tasty Not ty Gr¢¢nTtt¢adow PrÉihary Sch(Kil Coed Eva Primary Scliool Gw¢nl Drug and Al¢ohol S¢rvice Platffomi Housing Support Citizct]5 Advi¢E Toi'faen Thb strategic report Nvas approved bv the Irustees of the charity on 12 Sepleniber 2025 and sign¢d on its behalf by: Page I
Costar Partnership Trusteos, R¢port The Ii'uslees, wh(Tr dtitLiars foi. Ilie yuiposes of ¢oTripany illw, presellL' tlie aiiiiual report together with the tinaiicial stai¢nients ot tkn chai'itable company lor ¢he year cnded 31 Marcli 2025. ObJeetlY activities Objrtts llndalms The Lhiet objeLtive of the Li)St parlner¥hip is ¢0 imptvvi the quality ot lite foi. the residellly of 8oiith We31 or Cwmbrun, giving priority to communities whiuh scoi'e highly Dn the Welstrl liidex of MultiplL Deprivalion. Costar iuns a geriL¥ of projects and £tIvItieS NvhiclL dre geared towards alleviating poverty dnd relievin8 the effeLts ot pOVty 311¢h as subslallee nlsiise. depre%sion, iinemploymenl and Poor h1th. within tILe local community. The CoSlaL Parlnwyhip operntts out ot a cotnmunty ¥wttre %lLich is lo(xted oli a large social hou5iThg est&t¢ builL in the 1960s. Cost. hag develo1d the cenire into li vibvllni and lively hub tor the local commiinity providing a Iociilion wheJE p¢opl¢ ceSS inforniation atsd 3UPPOrt oil a V¥ety of matters us Thcll a8 tending class¢s and oLha' aclLvili¢s. Th¢ Cl)arity opernles on a non-judgmcntsl basis and promotes eqLiality and social justi¢¢. All members Ot the Cojllmunity are ¢li8ibl¢ lo a(lend the cettti'e t)nd avail IllenelVeS of thc servlcLS provided. The Charity promotes a numbcr of aolivitle5 which cotnbut wvcity )nd social isolation. The coinmunity the provides heaitl)y mCS at attordabl¢ pi'ic¢s and providos excellent oppoi'lunily for p¢ople Lo meet aDd tnukc new triends. The cliaTity also rlins a lood CO¥rt)p and foOdbk to h¢lp th03¢ 3truggling Lo mak¢ £nd8 m¢et. Thei'¢ are also opportunitles to purLh<18¢ truit and vegetable bags t-mm & loL'al SLipplier. In July 2022 Costur re-located tliAS pn)jecL it] the ndghboiiiing shopping complex F&iLwatcr Shop3. The shop unil ts knowD as The Costa Ci>iiimunity HiNb ancl also 01-I'ers Ilie additional benetits of drop in advice S103 from ll numbcr of local encies. Costar also runs 'Comtnunity RePaint Tortattn, & paint reus¢ PTOj¢Ct &irn¢d al s&ving paint trom landfill aiid puUiThg it to good use in the coinmiinlty. The palnt is located at bath ofour 8it¢s. Cosiar places a strong emphasis on heritgsge and Lyeatlvlty, I'unning art and craft ¢ISeS, family ILiStoiy cla&3Es aod ciiltsiral ev¢nts, such as oiir TlJneBiibble pi'ojeel which orggnised &¢tLVities aroiind the 70th tmniv¢l'1'Y ot Cwmbrntj Ncw TowTh. Costsr is a strong protnoter of ¢nYiJvnmental aNvareness and &cls as a Communiiy Lilter l-lub in partnei'ship ivith Keep Wol¢3 Tidy. a SOU e of JY¢y¥lin8 equipment in parts)ership with Torfaen County Borough Coun¢il and a ItLyclillg Exkinl for clotiies and plastics. In additi(>n a Community amiiesty skip is provided rnonthly to help residents wl)o cannot ac¢esJ the lo¢ol Up is aimed at reducing flytippins. Costar promotes self-development tmd confid¢nL¢ bullding, empowering pIe to make better Lholees and impro&'e theii LiÈ*l¢s. Page 2
Costar Partnership Trustees, Report lThe Charity al$ aiE EollowB: l.) Identify the issues wid t]eeds within the coinmunity and devise meNns to oyerconie theye needg. 2,) Pn7vide food toi. those in iieed thr4)ugh the food co.op scbeme 85 woll as pn)vidiiig food in emergency CI'jSj5 Situation thi'ough 01 food baJ]k. 3.) Maintain the Torlaei) ConimuThity RePaint Scheme• PU)viding low cost 1'eL'ycl paint to community gn)ups allcl those on low llicomes, 4,1 Develop Ilie Lummuiiity cafe to provide afford&ble tneals and incrcasc socialisation Nvithin th¢ cominunity. 5.1 WDLk with fLppropriulely skilled and experienced agenuies, organisations and partn. organisotions to provide professionul 8uppoI'L and help to ihose in need in the community. 6.1 Support and enLoLirage the community to i'un SLILceysful L()fftmunity w'oups that wurk iii benefit the community itself. 7.1 Inttiale and SLlPPOtt C1]ve and I15t1 autivities that stimLilute and ellCOUI'kwe innOVtive wllys to deal ivith mtal heldth issues and S,11 ttx¢lusiuD. 8.) Build r¢lationships with the eon]munity (o encouLJge in¥r¢ts¥¢iJ Ltye of the Lurnmunity hllll iherefore increased aecess for the community to the benefits provided by the £111t1¢S. 9.) Run projects so that th¢y are ¢ost etl¢Lliv¢ lind yustuinable. l O.) l.e&d aiid nJoLival¢ the wmmunity in projects thut proteLt the local vironMent eiiLouruge a good understranding of ¢nvimnmental iyyue5 Ihat face all Individus. I I.) ALt as ll hub lor ¢oinmun&ty litter PLLkillg. reLycIiLi¥ of ¥lvth¢b and plastics as well u pi'oinvtingi reuse anLI repurposing of items. 12.) OrgEiSe commiiThity ev¢nts that encourag¢ tlie ¢ominunily ID build ttli< tion.81Iip8. lem< Th new sl<ill4 support one anollLer tu]d brcÈtt down socitll bwrim. 13.) Th'Drk with and supp)rl volunteers to gain benefit trom their volunteering a(XIvities through befriending, Icarnitlg. taking p&rt in experiences: helping others, leam biiildin& ¢onhdenLe biiilding and soci1 inteJTLCtion. 14.} DevLlop inter¢ in the history and culture ot Cwinbrnn an(1 encoiiragc peoplc to m¢£t togcth¢i' to share photow'aphs. pei'sontll stories and family hi*tory through our Tit])eBubble project. This project helps biiild s(Ki&l Loli¢sion and strengthen COrnlllLillity spirit. Page 3
Costsr Partntrshlp TStee$, Rcport ObJecllves,.slttNle¥i¢Y tI aclivili PublEc bexefik Our cbief Lharilabl¢ aim is the reliet ot pov¢rly and gjl our projccts are ivn with that ii) mittd. Our services Are PLiL*d al affordablc l¢v¢15 oiin¢d at ppIC on iniximes and aro designed to improve the qualily ot lite of our r¢sidcnts. Our paint proje¢t is unique in Torfa¢n atid helps local peopl¢ to aeeess go(Kt qiiality painl at IONV PLLCCS as 11 as diverting iisable pailll from the w&81e stLellm. Our Commu#ity 14wb provides a food co-op to over 100 families a week helping local people make cttcls meel. ror tliose f( ing cmcrgencies or in crisis situalioiil we PLoYidc a fire bag of essential it¢ms Mryth wlitcli to make t¢w meals. We 1L Iso provid¢ help lo Ukrainian faniilies wbo have ¢OLn# lo CwmbThts to cscipe thc ww. in their hoiThe country. W¢ provide a iifelitLe of so¢i81 support for those who are vuln¢rabl¢, lonely or Socially isolat¢d with Ihe events, aw'tivilies und ulasges we run. OUL. ]d voluntltrs are always r¢ady lo chat and make visitOL3 tsel at hom Our volithte¢ring optrf)rtLinities offtr people the chance to make a contLLbution und do something ThK)ithwhile. eithei. with a vi¢w tv gainittg work experieii¢e oi. by pi'ovidin£ the it)dividual with & seJi8e of fLILfilinent. This ye&r we hav¢ w¢l¢om¢d students frolli Coleg GwenL who attend oui. siks as pai't of their ¢ourse. Both oiir sitK arr op¢ii 5 Jays a wee1< providing a frieL1dly welcDine and a place whel'¢ local p¢ople can tllt and obiain information about a range of issues. 'L'he tkystees conFirm lh they h21v¢ ¥omplied ivitb th¥ requii'ements of section l7 of th¢ Chariti¢s AL'I 2D I I to have due regard ¢0 tlie publLL benefit gUidM published by tiie ChtwiLy Conimission ffir England and Wales. Ovetvlew Costar lias continued lo d¢v¢lop its proj¢¢ls aiid 5erYice3 Ilji'ougbout die Yr. We liave carried out somc refurbishm¢rtts which have itnpi'oved our preinise5 wid illcreu5ecl oiir ¢apa¢i¢y. This irtcluded a new klt¢hen ancl new 8te#l fence Lo eiyclose an aLea to the Lear of the prLse5, Kitcheji Refiii'bislimeIit 'I'hank5 to & ¥rdnt fivm the ProspeLlty Fund. Losthr thle to gel a new purw5ewbuili kilehvn fLtted. The new faLili¢ies tluve provid¢d us with a LliOI'e eftieienl Lise ot YPaLe and Ineans Ihat we c'al¢r tOi- ThLor peopl¢. New hn5 in the kI,hell now meEUi tIMt the tChen slatl are more LY)mfortable Én th¢ir workin eiiviJ¥)nmeut. Communlty GArdeN We were awarded a Developm#nt Package fi7 Iceep Wales Tidy in order to ¢re&te a garden at the Coimmunily CeLitre. The package in¢liid¢d raised beds, a picnic b¢nth, & wildIite POL)d. garden tools, trees, shrubs, wildtlowets 8md soft fruiL We h&v¢ transfortned an 'ea of smib grouiid into a k&utiful wildflower garden wliere people can sit and rttl< and eiijoy th¢ sunshine. rhe piLni¥ b¢n¢lies OLitstde serve an ¢xt¢nsion to oiir dinin8 ar¢& dw'ing the slimmer nionths. Envu'onmental Activitios 'I'his yetii our"Skip Don't Tip. Ject funded by Keep Wal¢y Tidy. Th¢ skip was pvuvideii t. public uye to ysist IEsideThts iykn can't 8¢t to the tip ulld to prevent fly tipping. Usable itetns iya'e re8¢u¢d from th¢ Skip and p&$sed OLi to nev¢ ownery who ¢oul(J piit them tu good LIS¢. Page 4
Costllr PartnershAP Trnstees, Report We continue to TecyLle Iwine tsrnishin8Sb bool(4 toys aiid ¢lotliing throughout the year ILI ouI- Comrnunity FIwb, iii the neigEiboui'ii)g shoppiiig precinct, Specthl Evettts Nov¥mbcr 2024 thu 75th anniTr'ers&ry of Cwnbrtsn neiv town, Costar rdn u pi'oject to eotnmeinorate tjiis, ca]ling on the tnemorics of Io¢f¢l people to creale a book Lallcd 75 Faces ot. Cwynbi'an. The projeel eiilmin&ted in an exhibition al the Cwinkn'an Community Councll thmughout Nokembei. and it V15it¢d by ov¢i' 10(M) people. Ma<Mlllan eoffee morlllng In S¢plembeJ' w¢ the annual M@cMillaii coffee niorning as plu't of the 'Worlds Lllr8est CoFFee Morning, appeal. We 5UPPOrt this everAt evely yenr to Laise funds Eor C.aiicer Care. OLir voliiDte¢TS mttde x variety of tAsLv (xthes for ocixsioll. WeIlbcing ProJcc¢ This year we cari'ied out a targe pi¢ci ol- work callcd the Wcllbeing Projecl. This involvod carryin8 Out aSSU5menls with ail oiw clieiits to establish any need8 l obsts¢les which mi8tJt be holdillg them back. Wc worked with over 100 cli¢nls in thi8 project and reterr¢d theln to relevant agencÉes who Could help improve tILeii' livcs, Costar Comiiiulllty Hwb Oui. second si(e in Fairwater Shoppitsg PrcciThct l)as been i'uttnits8 since July 2022 aiid has gi'eatly iinprovcd the impact our oi'ganisatioi) make5 in tlie community. F%rom this gite wo operate oiir Food co-OPJ"trood bank and paint stol'e. W'o a130 wcept dollations of clotht%, toys, books tmd household items which the piiblic can purchase toi. a Snydll thiiatioTh. We liave Lon(inued to inrrL'a5g the serviLY provided by this site and now olTer buel l)oTrei'ty Vouchers to thos¢ in fuel EM)N'¢rty Mnd Sim ¢aiQ5 to those need it ill UJL eJnergen£Tr. ChrL%tmas 3024 (knce again, we ran 0. Santa's Grotto We providEd a gift, gatnes and reftYSt]In¢nls tor 50 lo¢al Lhildren who e&¢h goi a speci&l visit tt) Santa and a photo. Thi5 was provided ti'ee of Charge lo help families who cannot afford tEie prices ol the coillmei'cial Santa's grottos, Our annual Coininuni¢y Sleigh Ride lias now bwonic a niudi loved t1'tlI10n in our Qommiinity, Sant& Yisiied Inany sti'eets in Cwmbi'pn ovei. a period ot 4 eveniiigs. This Ye ive again ¢ollecLed lood donations fiom tl)e commiiiiity in ord¢r to boost OLir Clirisln]as hainper appeal. We provided over 100 kood puwels special Christmts hWn1[S to tliose in neeLI. We a]so gave out seleLtioii boxes and activity pa¢ks to IoLal othildi'en. Anothth. new flUr¢ this Y1. were the slioe boxes For care honies. 'fknLso re pn)vided by the public and delivcrLid tv 3 re home5 in ihe aLYa. Sujnmftry Costar is a well*establisli¢d wmmunity organi5ation with a dedi¢at¢d tearn ot 8 statT and 30 Trolunteers, We are gi'llteful to our l¢am ot'volunl¢¢rs who sUp}rt oui. work eacli week by offering Uieii, time and coinmitiment. Page 5
Costar Partnership Trustees, R¢port Referen¢¢ #nd Administrative Detills Charlty Regi%tration Number.. Company Registration Numbei.: IlQ1631 04740680 Th¢ chai'ity is illcorpornted in Wales. lThreepenny Bit Communily C¢ntre Deerbri>ok Gr¢¢tllnethw Cwmbrall I"orffaen NP44 48X Rcgistered OtTice: Independent bxaLnincr: HSJ AOi}ntaLS Ltd Severn House T4a7.ell Drive Newport South Wales NPIO 8FY Trusteos alld officers Th¢ Ir1181LYg and otheers serving during tlie year ld sinee tlie yw end were as tollows: 'rrustees'. J S D&venne T A Matthews A J Oweii P Se£Lboiirne R A Seal?OLirn¢ C Willis L Lloyd-ToLtn1i L] (appointed 10 JLine 2024) S¢crethry: L H Hoivles Structurej govern#n¢e *nd min&gom¢rtt NrtI1e ofgtsverning docuMeAt Tbe ch&'ity is govemed by the mnora(li1tll Al'licl ot the ¢4)tDpany dated 13th Jgniiary 2004. R¢eruilment nndftppolrtlnienl trusle Potenlial new trust¢¢8 askcd Lo fill In an application forni expl&ining why they wish to 1come a Irustc¢, giving d¢t&ils of th¢ eoiits'ibution that thLy will ijiak¢ to the board ot trlistces. Two referenc5 are asked tor. The applieation is looked at by the b04rd ot lste&% d¢¢ision 4boLlt the appointment ot Ilie appli4nI will bo m&d¢ at & Thtee meeting. Page 6
Costar Partllership Trustees, Repor(. InflucdoN (m(Itrftlnlng /trus*ee$ The Costar Pai'lnership works ¢los¢ly with Toifaai VoluLitsry Alliance, wi organisatioi) that provides tralning for cbariti&8 ld die rol¢ and r¢$ponsibilities of b¢in8 a trustee. Arrrtngem¢fvtsfor$elrtng key mthnttgementyersonnel renumerdilon The trustees in discussion with the managers set the remuneration. OrgwiL¥ftllonulJ(ruolArÉ The Costar Purtn¢rship is rLin by Ilie Botwd ot'Ti'iist¢¢s. Thc Chai'ity is monwed by thc Cct)tr¢ Manager. Ther¢ or¢ also vai'ious other iDles withiii Th¢ Costar Parlna'st]ip compri8ing'. Assislunt Manager I)jec1 Worku- Food Share and Recycling Project Worker- RvPaint and Catci'lng The chw'lty also use5 volunteers to help achieve its charitable objectives. Stxtemellt ofTru5tees1 Re5pon51bllftles Th¢ trustee5 (wlio ai30 the directors of Costal Partneip for the purpose5 Ot cumpuny l&wl are i'E3ponsible tor pi'epaiing tlie ts'ustees, report th¢ financial st&te]nents in &ccordance with Ibe United Kiiigdoin Aecoiiiitin8 stadlIs (United King(k)m Genernlly Accepted AccouJLtiDg Practice) 1< nd applicabte law and ITBulations. con1pY law reqliires the trust¢es to prepare fin¢1[ slatem¢nls for each financial year. Under ¢onip4ny law the trust5 must not approv¢ th¢ financial .8tatemenls unless thcy are 8f4ti8tied that they give & tl'Lie and fair view of the stst¢ of atTairs of Ilie Lharilable compwiy and of its incoming i'esources and applic84tion of resources, incliiding its irthme and expet)ditur4 for that perio(l. In pi'cp&ring these fin&n¢ial stakments, the trustecs are requir¢dto', sclect siiitablc accounting polici¢s and apply them consistently. otherve the methods and prir)¢iple5 in the Charitiw SORP. malctt judgements wul estimates that are reasonable alld pi'Lident' s(ate wl]eth. appliL4blE UK A¢¢ounlin8 Si4nd#nls Iiave been I"olloived, subjecL to ally ater]ill deparliires Lliselosed expluined in the financiul StteLents. tujd pi'¢pare the statetneThts on tILe going wncern basis UDle5S it is jnuppi'o7atc to Pi'C5llme that the Lharitsble company will colltinue irth business. The Ii'usl¢¢s Éll'e r¢8ponsible for keepin£ adeL]Liate occountinB I'ecords that arc siifficicnt to show w]d &xplain the Ll)arit8bl¢ ¢ompany's Iransuclions and disL108¢ wiLh rcasonablc acciii'acv al any timL' ¢h¢ fin8nLial posilion ot the Lliaritablc company and enable thcm ID eii8ure th<it Ilie fmancial stateinLmts ¢ornply ivilt] th¢ Companies Act 2006. They are alw responsible for $8f¢gLiardin¥ the assets of the chariiable company and hertce for takin8 reasonable strps fni. thc prevenuon and detection ot fi'aud and ath¢r iri'egiilai'ities. The annual I )rl wffts appi'oved by the ts'uslees ot the Lharity on 12 September 2025 alld signcd ot) its b¢b8lk bv: P Seaboii Tntstee P8g¢ 7
Costar Partnership Independent Ilxaminer's Report to Ilie trlls1e of Costar Partnership ("the Company") I repoit to t11 cbarity trLlStees on my examination ot the accounts of thc CoMnY for the yeor ellded 31 Mllycli 2025, Respoiisibilities and bas1$ of rtport AS the charity's tnist¢¢s of the co1npvY (and also It8 dir¢¢tors IDr the pU03¢S of Qompahy Law} you atr responslble for thc pi'eparation of th¢ &ccounEs iti accordance with the requirements of Ihc Companies Act 2006 {'the 2006 Act,). 14avirtg Satisfil myselt that the Iul]ts of Cosiar Partnci'ship ar¢ not i'equired to b¢ audited uiider l)8¢Tt 16 or the 2006 ACL and are ¢ligibl¢ for ind¢peL)denl examination, J irport in respect of my examination ot your charity's aLLOULits as catyied nut iiiid¢L J¢Gtion 145 ol tbe Charities Act 2011 ('th¢ 2011 Act'l. In carying out my exaniination l I]a'e followed the Directions given by the Charliy Commissloti iiiider s¢¥'lion 145(5Kb) of the 2011 A¢t, llldependent oxAminer's st*ttment I have COiTLpleted Tlly examiiiatiot]. I confu'm that no illattei3 liav¢ come to Iny attention iii cA>nncction witli the examinalion givi1 tne CaSe to bcli¢v¢'. a¢countiiig i'ecords wue not kept Iii respect of Costar Parti)ersl)ip os required l)y setttion 386 of ihe 2006 Act; or 2. the t.unt8 do not ac¢ord i¥iih those Lecoi'd5' or 3. Ilie aL,UL]ts do nol comply witll the 8c¢ouiiliiig requtRtnents of se¢lion 396 ot ihe 2006 Act otl)er IILa any requirement thtil (he accuunls gli'¢ a 'truc und fuir view, whiLh 13 nol 4 inuLt¢r con5iderd part oft indeperLdenl examinatlOLI' or 4. the EL(XOUL)ts have not been PL'epar¢d In 1¢ ecordance with the tn¢thods and pi'inLiples of th¢ 1tutetntt of ReLMJmrtiendpAL Practlce tor untIng and rH)Qrting by ¢hariti¢s l&pplicable to ch&riliey PL¢P8ring their accounts in accDI'dance with the Fin1< ncial Re]x)rtiiig Siandaixl applicable in Ibe UK and R¢piiblic of Iirland (FRS 102}]. I haye no eoncei'ns have LX)nie acro8$ rio other rnLtters in coniiectloii with the ex£]InatiO1] to which atteiition should be wn in Il)i3 repoit in order tv enable a proper iiMdei'8landin8 Ot the accounts to b¢ rehed. i Andrew I-ILII FCCA ACA DCILA Drp Sevem Iloiise Hazell Drive N¢wpoLt South Wa]es NPIO 81Y 12 Seplenjbei, 2025 Page 8
Costar l)artnership Statement of Financial Activities for the Year Ended 31 M4rch 2025 llcluding Income and Ei xpenditure Account alld Statsment of Total ReLognised Gafins and ISseS) Unre$trieted nd8 Restrfieted funds Totsl 2025 Note Income and Li iidoivmellts fi'om.. Donations dnd lttg<1CIts Other inwm 85.668 5.257 147,172 232.840 5,257 Total in¢om¢ 90,425 147 172 238.097 Expenditure on: Charitable activltl¢s (112.089) 125,804) (237,893) Total cxpettdlture 112,089) 125,8(Tr4 (237.893) Net {¢xpeiidittireyincoine Trarn3f¢rJ between fullds (21.164> 10.314 21 J68 IIUJ14 204 Nd 0v¢¢t in l.unds (10,850) 11,054 204 Recollciliation of funds TO1 tun(ts bn)ught fonvard 76,020 36.769 112,789 Totai tunds ¢oi'ri¢d forward 15 65.170 Unrestricted fullds 47,823 Restriclcd 112,993 Tothl 2024 Note Income &nd Elldowmonts from: DonaLions alld lega¢'ies InTrtttment iiicome other income 115.844 170 4,523 93,352 209.196 170 4.523 Total incom¢ 120,537 93,352 213.889 Expenditure on: Charit&bl¢ artivitics 112,174) 97,552 209.726 'I"otal ¢xp¢nditur¢ Net ineonid(¢xpenditui'e) 'I"ranstei3 b¥tween lund8 112,174) 97,552) 209.726 8,363 25.161 {4.200) 125,1611 4,163 Nct movcni¢nl in fund5 33,524 129,36L} 4,163 Ree0neillatln of funds Total tunds brought Fotwai'd Total f]dS cakyied foi'wai'd 42.496 66.130 108,626 15 76.020 36,769 112,789 ALI of the ¢haritv'¥ activities deriv¢ fkY)m con¢inuing operntions durittg the aknve IivD periods, The turkds break(knvn lor 2024 is slM)wn ill note 15. Tl)e notcs ots pages I I to 22 torm an inlegrnl OL" these tiiiancial statements. Page 9
Costar Partnership (Registration number.. l)4740680} BalanLe Sheet as at 31 March 2025 21125 2024 Note rixed xssets Tangible assets 12 35.331 41,462 Current 4$s*ts D¢btULS Cash at bartk xiid in hal 13 5.257 84.284 2,880 78,600 89,541 81,540 Credltors: Amowits falllug du¢ wlthln olle year 11,¥79) (io 13 Net current ass¢ts 77,662 71.327 Net aswts 112,993 112,789 Ftsnds of tlie tharfty: Rcstrlcted Inf ume fund8 1i¢slried lunds 47,823 36.769 Uiire4tri¢¢ed in¢ome fun( IInit8tricted funds 65,170 76.020 Totsl funds 15 112.993 IL2.789 For the kinle]L year ending 31 M&¢h 2025 the ¢hw'ity was viitiiled to ¢xemption liDm audiL under section 477 of the Coinpanies Act 2006 reldiiig lo small ¢omp8nies. Director.s' re8¥x)nsibiliti&%- "I'hL Mrrnb have not reLiiiired the cl)ari¢y to obtain an ldiE of ils u¢couiit3 fui. Ili¢ year in question it) acLoLdanee with 5e¢tiOD 476,. llnd The direL,toi'% acknowledge Ilieir I'esponsibilities For complying with th¢ requir¢menls Dt the Act with rupect to onting reLY)rd5 and the preparatian of aCunt5. Th¢ linallcial stglemellts oil pa8e$ 9 to 22 were ai)proved by the trustec3, and auttLorised for issue on 12 8¢pteml)ei' 2025 and signed on their behalf by: ) Sealxii Ti'ustce The notes on pa$ I I to 22 form an inlttgrLI part o"Fth&8e fiiiancits] siatemenls. Page 10
Costar Partnershlp Notes to the fi inancial Stat¢ments for the Year Endeil 31 March 2025 I Charlty status Thc charity is limlted by share capltal, incorpDI'ated in Wales. The addi'ess ofits registered office is.. Threepeniiv Bit Conimwiity C.entsr DeeJ'bi'ool< C71'eellmeadow Cbymbran Torfaen NP44 4SX Th¢s¢ financial stal¢mei)ts were authorised foi. issue by tiie tLwst¢¢s on 12 S¢pteniba' 2025. 2 Accou]Itlng poll¢l¢s Summary of slgnlfle1¥ Ilt accountlllg pollcies Aiid Iw nccountluE C$tln)atss Tbe pi'in¢ipal ¢OUting polici¢3 applied in the prepai'ation of 111¢s¢ financial statemenis are scl out kloiv. Tli¢s# poli¥i¥s have b1 ¢onsi3tently applied to all the yeai's PLes¢nted, unl¢ss otherwise stated. Statement of co]npli811¢¢ 'rhv financial statillnts have been prepEwed in aLYordance with Accounting Rewbrtillg Charitiey.. Stsicinent u"f Recommended PvaLtice {applicable to Lharitie5 pi'eparing their &L'counls in oi.ance with the FinllThCl RertIng StHndard &pplicthle in the UL( kind RepLiblic of IrelEULd {FRS 102)) (Lsgiied in October 2U191 (C'harities SORP {FRS 102)). the binaiiLiai Reporting Stanil&rd applicuble in the UK and Republic ot Ireland (ttRS 1021 and the Companies Ael 2006. Basis of pnp*ratlon Costor Partnership meets the defltion of a pubbL benefjl enlity u[1d. FRS 102. Assets w)d liabklities uiitiJJly cOgniSed ot historiLal cost or trans4etioi) i'alue u5S otherwise stated in tile relevant 8L'counting policy niTrle8. Coiiig coDcer The tiustees consider thai there al'e no material uncertainties about the Lhai'lty's ability to continue as & going coii¢ein nor any significant arcas ot Lincertainty that teCt th¢ cayiying valu¢ ot'ossets held by thc charity. Ex¢inpdon from preparlDg a cAsh noiw stAteinent Tl)e charity opted to early adopt Bulletiii I published on 2 Februgry 20 16 and have Iherefoi'o not inGluded u Lasli flow $lat¢tD¢nl in these financial stateinent5. liicoiiie oiidowmellts All ineome is IcLtignised oncc tl)c cliarity has cntitlemcnt to the income, il is probable that th¢ income will be Teceived alld the amoLILt ofthe An¢0e re¢¢ivable can be measui'ed Teliably. Pa8¢ 11
Costsr Partnership Notes to the Financilll Statements for the Year Endcd 31 Mareli 2025 Donn¢i(Jns and legftei Donations are reL'ognised wlicn th¢ ¥harity has been notified in wi'Èling of both the olini and settlemcht date. Iii thv ¢vciit ihat a donalion is subje¢t to condition8 that require & level ot perfolinance by th¢ ¢harity betore th¢ chariLy is enliiled ¢0 th¢ fun(ts, th¢ income is deferred and not r¢¢ogni$<xl until either those cottditions ¢ fully met, or the fulfilm¢nt of those condilions is wholly within th¢ Control ot the charity fd it 15 probabl¢ that these conditions will be tultill¢d in th¢ pOrtillg period. GptTnts ieeelvttble GraiiLs Jre recognised wheTL the cliarily has enliilement to Ilie fLind8 Jnd any conclitiuns linkeil to tl)e grnnts liave been md. Wh¢r¢ perfoiinance condiLion8 are atta¢h¢d to tho sraiit and are yel Lo be met, the income is recognised as a liabilily and incliid¢d on the batance sheei &8 defei'red i)me to be I'el¢as¢d. DeAreinCome Ocfcri'ed income rcprcscnls arooiints ceIVed lor periods aiid is rclw¢d to incoming resour¥ in the period tor which, it has b¢en rec¢ivcd. SuLh ine()me is only deferred when.. - The donor spccitiLs that (he grant or dollation mLisI oiily bc used irL tut accDutLting poriods. or - The dollor has iinposcd condltions which must be met befor¢ the charity unwndilional elllitlement. Inveslttwnt th¢ome Dividends aLC recognis on¢¢ the dividend been declared and notifi(¥tion hai be¢n rlxeived ofthe dividend dLIe. Expendl¢ure All ¢xpcndittire 15 recogrtls¢d oncty th¢re is & legal or Constructiv¢ obllgatioii lo that expenditure, it is probjble s¢ttlement Is requiLed and the 8moLinl can bc measLircd rcliably. All custs tw¢ dlocaled to Ib¢ applicable ¢xp¢ndilure he&ding that aggregate slmilar costs to that 4tht¢gory. WherL costs cannot be directly uttribiilcd to particular h¢£wliDg5 they have brI allo¢at¢d on 8 basis consistent with the use of rcsoLlrcc& with central statt Q03ts dlocatcd on the basis ot tlrne sp¢nt. ai)d d¢pLeLiation charges £Lllocllted on the portlon of thc asset's USC. Othcr support tx)sts twe allocated based on th¢ spi'¢ad o1.statyts, CkarlthblÈ ftcllvllles Charitabl¢ WApendhure comprises thos¢ costs incurred by the cliarily In the delivcry of ils aclivilies and seivi¢¢s for it5 IKnefi¢iari¢s. It includes both cosis that c&n be alloCad directly to such aLtivitics those e081s of pji indirect n&tLirv neces.%y to siipport them. Support co$ts Suwort costs include eentral functions and Iiave been allo¢aled to activity Lost c&tggories on & basis ¢onsislent wlth the use ol". resoiirccs, toi. example, tLllociitillg piDperty costs by tloor ar¥as, or p¢r capith. stsft co813 by the me swnt and otha, ¢osts by th¢ir u8ag¢. GDvernance ¢osts These include the costs attribiitable to the chw'ity's compliJn¢e with Constitutional and statu*ory r¢quirements, in¢ludillg audit, Strategic inanas¢inlI and li$t¢t$'8 Ineetings and reimbursed exTrSe$. Page 12
Costar Partnership Notes to the Financial Statements for the Year Ended 31 March 2025 Governni¢nt grants GoN'ernnient grant4 al'e recognised based on the a¢crual model and al'e Ineasured at the fair vajue r)f the asqet reccived or receivable. Grants are classilied as relating eiili¢i' to M'enue or lo &ets. Ginnts relatiiig to revenue afe Ir¢ognised in income ovei. the period In which t11e I'elated costs are I'ccognistd. CJl'?E nts relating to asset8 al'e recognised over the expected usetiil life of the asset. Whei'e part of a grant relatiiig to an asset is def¢rr¢d, it is recognised as defei'r2d incom TAXAtIo The ¢h(Wity is COldered io pass the 1¢sts s¢t OLIt in Pw'agL Y¢ph I S¢h¢dule 6 of tbe Flnance A¢1 2010 and th¢1-¢k0 il m¢ct5 th¢ definition of a churitable company for UIC cotyora¢ion lax purposes. Accoi'dingly. ¢he cIIoLily is potentially exen]pt from tax¢ition in respect of income or ¢4pita] 8ain3 It¢¢iYed within categories CDvered by Chapter 3 Part I l of the Coiyoi?tion Tax ACÉ 2010 or SecLion 256 of thc Taxation of Chai'ge&ble Gairts Act 1992, to the eyfrnt tbat siith in¢oin¢ oi. gains are opplied exclusiN'ely to chaTit&ble pu0$¢$, Tangibl¢ fixed a55et9 Individual lixed assels Losiing £500.00 oi. more are iniLially recorded at cost. Depreckntlon And AmortiSatlon Depiyciation is pL0VLd on tangible (ed assets so a5 to write off Ilic cost Dr valuestion. I¢ss estimat¢d Lesidual YalLie, oh'er th¢ii' expec¢ed us¢tul economic lite as tollows-. Asset elAs$ L¢1]01 improv¢menls Nlots)r i"ehicles Fixtw'e5 ond"filtiiigs DepreelAtion method and rate IOYV ruc1Thg balanLe 250/0 reducing ba18nce 250/0 r¢ducing balance Trde debtors Trade debioi's ar¢ amounts du¢ from CLislomer8 for ma'chi]ndise sold or services p¢rfom)ed in the ordina tro.se of busin&. Trade debtors are rLxognised initially at the transaction pi'iLe. The>. are subseqiiently measured at amorti.%ed Lost u6iiig thc effective interest method, le&s provision for impairment. A provision for the impairnietlt of trade debtors is estsblished whett there ig objecLive evid¢t]ce tliat the cliarity will not bc able to eollcut all amout]ts due a¢e()I'ding tts the original l'm3 of the i'w¢iv4bl¢8. Ca81) eash ¢qulv&lents c1) wid Lxth equivalent5 coniprise cosb on hand nd call dcp051ts. and othEr short-lemi highly liquid inv¢slment5 that LW¢ rcadily coV.bIL t knI>m amount of cash and llre SLibject to an 1nsi8niflnt risk ot. ¢han8e in value. Page 13
Costar Pxrtnership Note5 to the Financial StatcmL'iits for the Year Ended 31 March 2025 Tr?de credltors Trad¢ ¢reditois llre ol)liglltit)ns to pay lor gnads ot setvlLXS t li&ve becn aLquirtd in th¢ otxlinary course of busine.k8 froni iuppliei's. ALeounL8 iJ&yable are classified as Lurrent liahiliilcs if the tharity do&g not haye an UllLOllLlitional iiglil, at ihe end of the ropoitin8 period: t() defei. seltlemejit of Lhe ClEdlior foi- at I&t twelve Inonths after Lhe repoi'ling dale. IF thei'e is ui uncunditiortal right to deftr settlemenL for at least twelve nKtynths &ft¢r the I'epoitiDg dat4 they 8re presented as noii-current liabilitiu. Trade cjtditors are re¢o8ni$¢d iiiitially at the trni)sactsoLi price aiid sub5equellily measured &t llmortised ctssi using the effecLive inlerest inetliod. Page 14
Costar Partnership Notes to the Financial Statements for the Yepdr Ended 31 March 2025 rund structure lJni'estrictd income tund.s are genei'al funds tliat al'e av&iltsble for use at the truste discretion In furth¢i'anLe of the objeutives of the chai'itv. Desi8nat¢d fiind$ arc unrestricted fuiid5 Set aside tor speclhc purpose5 at Lhe discretion of the d'uslees. ReMriLled income fLinds tu'e Ibose donuted for use ill 4 lIL1. ttre& oi. for speLific purposes. Ihc vs¥ ofwhich Is restricted to Ihul areii or purpose. P¢Msiolls thnd other post rotirement obligatiolls The chwity operates a defined contribiition pension scheme which is a pension pl&n under which fixed Lontribiilion8 f4r¢ paid iiito a pension tund and the charity has no lega] or constructive obligation lo pay furth¢r contribiitions eveii if thc fund does llot hold sufficient assets to pay all employees the benefits ltIng lo employee service in thc current aftd pi'lor perlods. Contributions to del'ined contribution pl8ns are recognisd In the,qt2tement of Financial Activitie3 when they ar¢ due. If contt'ibution Pk]yinents exceed the Lonti4btsdon du¢ for %¢rYiee, the exLess is I'eLognised as a prepayment. 3 Ineome from donations And legAties u.estyleted fiiiids Dtsign&ted G¢uerpl Restrieted fullds Totsl 2025 T(JLI1 2024 Donations and legacies. Donations fmm individuals Grants, iiicliiding capil&l grants., Govffl'nm¢nt Income and don&tions frolll project5 8,586 8.586 3,171 37,897 68,788 59.213 1.828 44.363 109.275 155,466 146,812 32,719 147,172 232,840 209.196 4 Investmeht inc7¢ Total 2025 Total 21124 Interest receivable 4nd similar in¢oino- Intei'est rec¢ivable 7 deposits 170 S Other lllcomt Uiireytrieted fllnds G¢Th¢iyl Totol 2025 Ttal 21124 Rental income 5,257 5.257 4.523
irt ¥0 O T* ¥0 tn ro o ¢5 CQO en cq o
Costar Parlnership Notes to the Financial Statemeuts for the Year Ei nded 31 March 2025 7 Analy515 of goY¢rnAllc¢ Support ¢osts Charltsble aCtivltle5 exp¢ndltui'e Re$trleted ds Total 2025 Tolal 2024 B*sls f alloeation Payroll Oth¢r support c¢)$ts IJ08 1.308 1215 246 IJ08 1,308 1,461 B451s of nllocfitlo Referenee Method of &llocation IOOD/o of ni7[ c03t ullocoted GoveTnAnce e05ts Unrestrl¢ted Total 2025 Totsl 2024 GenerRI Independent exaininer fees Extrninatioll of the filloneigl ststements 2J40 2J40 2.661 2,340 2J40 2,661 8 Net Incomliigloulg45ing resoiiree8 Net incomiijg r¥8ouri%s loi. th¢ y¢w include.. 2(b25 2024 Depi¢Giation oifL¥ed #S13 6,131 6,216 9 Truste¢s r¢rnunerdtion and eAp¢nses No Iivst¢¢s, noi. any p¢rsons eonnecled witli them, have teceived any remullei'ation from the chori¢y during the No trLlSte&4 have reLeived any relbUr5ed eXns or any utbei. efits from thv cliarity" during the year. Pag¢ 17
Costar Parthership Notes to the Financial Statements for the Year Li nded 31 March 2025 10 Staff Costs Thc aggregat¢ payroll costs w¢r¢ Et5 Follows.. 2025 2024 Staff ¢osts during tht yemr were: Wages and salaries Soci*l se¢urity C05t5 P¢n8ion costs Othei. staff ¥osls 19.060 1456 2.767 1,379 95,482 2,337 ,059 125.662 100,059 The monthly avcrage niiinLKr of peisolls (In¢llIng 3¢Thior managemcnt I Icadurship t> einplvy¢d by the LhariLy during thc year expSsed a3 tull lim¢ ¢quivalenLs was as follows: 2024 No Niimber of Lniploy¢¢s No employee I'eceived emoliiLnenls of more dian £60,000 during the yeur. 11 TMxAtion The charity is & regIstered tharity and is Ihei'ctore cxetnpt trom thxatioll. Page 18
CoSIAr Partnership Notes to the Financial Stntemen15 for the Year Ei nd¢d 31 MAreh 2025 12 1'¥ngll)le e(l assets L•JLd and b¥illdiThgs iurnlture and equipthent Motor vehltle8 Totsl Cost At l Api'il 2024 At 31 March 2025 78,186 38,834 118.620 78,186 38,834 1,600 118,620 D¢preciatloll Al l Api'il 2024 Cliargc foL the y¢gr At 31 March 2025 49,959 25,599 3.309 1.600 77,158 6,131 52,781 28.908 1,600 83289 Netbookvalue Ai 3 l Marcli 202) 9,926 35,331 At 31 M&reh 2024 28227 13,235 41,462 Included within the net book value of IEind aiid buildiJi8y llbove is £Nil (2024 - £Nil) in rpect ot freehold laiid and buildlngs £25.405 (2024. £28.227) in rvspect of le&8eholds. 13 Debtor5 2025 2024 Trade d¥bthrs Prepayinents OthLr debtoi's 45 4.370 842 IDO 1.938 842 5,257 2,880 14 Creditoi's; anbounts filling due wlthlll ye4r 2025 2024 Ti'ade creditors Other t&xtitiOn kd social security AccluS Dekei'i'ed in¢oin¢ 1,754 1.81)4 2,231 6,000 442 2,771 7,000 11.879 10213 Pag¥¢ 19
CoSt%r Partnership Notes to the fi inancial Statements for th¢ Yoar Ende(131 March 2025 15 Funds BfilADee at 31 Mar¢h 2025 Balantt XÉ I Aprfl 2024 tncorning resources Ruourees ¢xpettded Tyansfers Unre5trle¢cd fud3 General G¢Derd ULILtstri¢tfxl fund 54.009 58,20C) {78,065} 8.921 43,071 Dcyignrtled DesignaLed BiiildiLigs Fulld Key Mawcmertt SaLari Statr Savings 21,397 21,397 30,891 1.828 (32,284) (1.740 ,393 614 702 22.011 32,719 (34.024) 1,393 22.099 lotal iinrestrleted funds 76,020 90,925 (112,089) 10,314 65.170 Restricted flliids Small Grants fund Henry Smith LolQry Commiinity Mo(Trndance Fund rood4GIDwt Period Dignity Grnnt Cominunily Resilien¢e Flind 14¢riÉaE¢ Lottery Fund NalioD&I Gricl Sbarcd Prosperity Fund 4,171 8,778 (S,099) (27,918) (6,144) 129,<)40) 115,657) 7.850 2,482 20.110 6,412 10254 L,414 L.000 20.042 30,0 14.984 (10.314) 741 1,000 7,121 2,028 3,518 2.973 22913 (745) 115,7921 (7227) 10.000 3,518 20.800 17.827 Tot#l re5trieted funds 36,769 147,172 (125,804 10.J141 47.823 Totsl fuods .112,789 238,097 1237.893) 112,993 PAge 20
Costar Partnership Not¢s to the fiiiiancixl Sthtements for the Year Ended 31 March 2025 Balan¢e at 31 Mthrcli 2024 Bftl8nce 8t I Api.112O23 IncoJlllnE resourc¢$ Resouye expended Triinsferj Unreslrlcled thllds Geherlll General Unr¢slricted Fund 10,080 88,146 (51,520) 7J03 54,009 Dffsl¥Aiited Designated Biiildings Fund t(ey Management Sdaries Sl4ft Savin¥y 27,613 4,242 561 16,216) {52.991) 11.447) 60,654) 21,397 30.891 1,500 32,391 17,858 614 32,416 17,858 22.011 Total unrestrieted funds 42,496 120,537 (112,174) 25,161 76,020 Restrlcted Small Gi}ts Fund Henry Smith Lottery Ctsminunity Moondance Fund Food4Growtl) Openii)g Doors Ppriod Digllily Gi'ynt Warin Flubs Grant Community Resilielice fund Heritsge l.ottei'y Fund National Orid 34,798 3,175 3.972 20,409 192 IJM 6,130 30,4VO io,000 19,959) {36.342) L7,560) {10,155) (11,500) (26,7981 2,767 4,171 6,412 10,254 1,414 14.722 {1,344) 1,000 1,240 11,648) (13.406) 408 {194) 13.600 10,000 8,500 10,0 3.518 14,982) Total rcstrictcd fimds 66,130 97,552 25,161) 36.769 Totsl fuiid5 108,C)26 213,889 209,7261 112,789 rhe 5pecifi¢ purposes foi. which the fuiids al'e lo be applied are as follows: Designated uiii'estricted fund8 rene¢t biiildings and oilier assets wliich do not foiin part of the ¢L]w'ity's wider frec ruerves. Also included in designated fiinds are i'esdves specificalty allocated by the Ti'uslees to the oi)goin8 maiiugement ot-thc ¢ents'e. Restrictod 'ant funlls repreb¢nl balances h¥ld in relaLion lo restricted income iinspent as at ihe year end, Transfers belween restrictcd liinds I'eprLscnt balances held in relalion Lo 5p¢cilIL' pi'ojecls ai ihe ye&r ¢nd. Page 21
Costsr PArtnership Notes to the Financial Statements for the Year Ended 31 Mllrch 2025 16 Analys15 ofntt assetg betsveen Tothl funds at 31 Mareh 2025 Unres¢rlctei£ fiindv General DeslgttAted Restritted nds Twigible fixeil as8et3 Cuff¢Nt assets Curr¢nt liabililies 13,934 41,016 (11,879) 43.071 21,397 702 35,331 89,541 (11.879 112.993 47,823 Total nel as8et$ 22,099 47,823 Total funds gt 31 MarLII 21124 Unrestrlcted fvn(Is Gener1 Desfignated Restricted fun(13 'I'angible tixed asset8 Current assets Current liabilLt1¢5 20,065 37.157 (3,213 21J97 614 41,462 74,540 3.2131 36,769 Tola] Thet assets 54.009 22,011 36,761) 112,78 J( Pag¢ 22