Company reg151r￿10ll number.. 04740680
ch￿l.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, sains1x￿6 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 pOV￿ty 311¢h as subslallee nlsiise. depre%sion, iinemploymenl and Poor h￿1th. 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 develo1￿d 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 Illen￿elVeS of thc
servlcLS provided.
The Charity promotes a numbcr of aolivitle5 which cotnbut wvcity )nd social isolation. The coinmunity the
provides heaitl)y mC￿S 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 foOdb￿k 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 S￿10￿3 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 ¢I￿SeS, 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 C￿￿1]ve and I￿15t1￿ autivities that stimLilute and ellCOUI'kwe innOV￿tive wllys to deal ivith
m￿tal heldth issues and S￿,1￿1 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 Individu￿s.
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.) OrgE￿iSe 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 soci￿1
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
T￿Stee$, 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 p￿pIC 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 tll￿t
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 Y￿r. 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 pr￿Lse5,
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 fi￿￿7 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't￿lI10n 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 f￿lUr¢ this Y￿1. 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 A￿Oi}nta￿LS 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
NrtI1￿e ofgtsverning docuMeAt
Tbe ch&'ity is govemed by the m￿nora(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 1￿come a Irustc¢,
giving d¢t&ils of th¢ eoiits'ibution that thLy will ijiak¢ to the board ot trlistces. Two referenc￿5 are asked tor. The
applieation is looked at by the b04rd ot ￿lste&% d¢¢ision 4boLlt the appointment ot Ilie appli4￿nI will bo
m&d¢ at & Th￿tee 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 Partne￿ip 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 sta￿d￿lIs (United King(k)m Genernlly Accepted AccouJLtiDg Practice) 1< nd applicabte law and
ITBulations.
con1p￿Y law reqliires the trust¢es to prepare fin￿¢1￿[ slatem¢nls for each financial year. Under ¢onip4ny law
the trust￿5 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 St￿teL￿ents. tujd
pi'¢pare the statetneThts on tILe going wncern basis UDle5S it is jnuppi'o￿7atc 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 CoM￿nY for the yeor ellded 31 Mllycli
2025,
Respoiisibilities and bas1$ of rtport
AS the charity's tnist¢¢s of the co1npv￿Y (and also It8 dir¢¢tors IDr the pU￿03¢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 I￿￿ul]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 Ca￿Se 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¢ 1tutetn￿tt 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¢ re￿hed.
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 I￿SseS)
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
Ree0neillatl￿n 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$s*ts
D¢btULS
Cash at bartk xiid in hal
13
5.257
84.284
2,880
78,600
89,541
81,540
Credltors: Amowits falllug du¢ wlthln olle year
11,¥79)
(io
13
Net current ass¢ts
77,662
71.327
Net aswts
112,993
112,789
Ftsnds of tlie tharfty:
Rcstrlcted Inf ume fund8
1i¢slri￿ed lunds
47,823
36.769
Uiire4tri¢¢ed in¢ome fun(
IInit8tricted funds
65,170
76.020
Totsl funds
15
112.993
IL2.789
For the kin￿le]￿L year ending 31 M&¢h 2025 the ¢hw'ity was viitiiled to ¢xemption liDm audiL under section 477
of the Coinpanies Act 2006 reldiiig lo small ¢omp8nies.
Director.s' re8¥x)nsibiliti&%-
"I'hL Mrrnb￿ have not reLiiiired the cl)ari¢y to obtain an ￿ldiE of ils u¢couiit3 fui. Ili¢ year in question it)
acLoLdanee with 5e¢tiOD 476,. llnd
The direL,toi'% acknowledge Ilieir I'esponsibilities For complying with th¢ requir¢menls Dt the Act with rupect
to ￿￿o￿nting reLY)rd5 and the preparatian of aC￿unt5.
Th¢ linallcial stglemellts oil pa8e$ 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 ￿¢OU￿ting polici¢3 applied in the prepai'ation of 111¢s¢ financial statemenis are scl out kloiv.
Tli¢s# poli¥i¥s have b￿1 ¢onsi3tently applied to all the yeai's PLes¢nted, unl¢ss otherwise stated.
Statement of co]npli811¢¢
'rhv financial statilln￿ts 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￿ Re￿rtIng 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 def￿ltion of a pubbL benefjl enlity u[1d￿. FRS 102. Assets w)d liabklities
uiitiJJly ￿cOgniSed ot historiLal cost or trans4etioi) i'alue u￿￿5S 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¢0￿e 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 f￿d 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.
DeA￿re￿inCome
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 b￿rI 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.staty￿ts,
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 alloCa￿d 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¢in￿lI and li￿$t¢t$'8 Ineetings and reimbursed exTr￿Se$.
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 CO￿ldered 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 pu￿0$¢$,
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 r￿uc1Thg balanLe
250/0 reducing ba18nce
250/0 r¢ducing balance
Tr￿de 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
c￿1) wid Lxth equivalent5 coniprise cosb on hand ￿nd call dcp051ts. and othEr short-lemi highly liquid
inv¢slment5 that LW¢ rcadily co￿V￿.￿bIL t￿ ￿ knI>m￿ amount of cash and llre SLibject to an 1nsi8nifl￿nt 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 ￿lIL￿1￿. 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 ￿l￿tIng 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 inc￿7￿¢
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
T￿tal
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 #S￿13
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 rel￿bUr5ed eX￿ns￿ 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¢ll￿Ing 3¢Thior managemcnt I Icadurship t￿￿> einplvy¢d by the
LhariLy during thc year exp￿Ssed 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 r￿pect 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 k￿d social security
Acclu￿S
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 fu￿d3
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
Gener￿1
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