Cotnpany registration number.. 04740680 Charity regi5tr4tion number.. IIOL631 I C.(JSTAR, ' D¢v¢l¢plng Otsr Communlly,. COSTAR PARTNERSHIP TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 HSJ Accountants Ltd Severn House Haz&ll Drive Newport NPIO 8P
Costar Partnership Contents Page Trustees, Report Independent Examiner's Report ststement of Financial Acrivitles Ilncluding IrKome and Expenditure Accountl Comparative Ststement of Financial Activltles Ilncludlng Income and Expenditure Account) Balance Sheet io Notes to the Fin3ncl31 Statement5 11-19 The following pages do not form part of the statutory accounts.. Detailed sratem&nt of Financial Activities lincludlng Income and Expenditure Account) 20-21
Costar Partnership Company No. 04740680 Trustees, Report For The Year Ended 31 March 2026 The trustee5 present their report and the financial statement5 for the year ended 31 March 2026. Objectives and Activities Aims and Objectlves The Charlty airns are as follows.. l.) Identify the issues and needs wlthin the communlty and devlse Means to overcome these needs. 2.1 Provide food for those In need through the food co-op scheme as well as providing food in emergency and crlsls sltuation through our food bank. 3.1 Malntaln the Torfaen Communlty RePaint Scheme, provlding low cost recycled palnt to community groups and those on low incomes. 4.1 Develop the community cafe to pmviée affordable meals and inta$e 50cialisation withln the community. 5.1 Work with appropriately skilled and experienced agencie5, organi5ations partner organis3tions lo provide professional 5UPPOrt and help to those in need In the cornmunity. 6.1 Support and encourage the community to run succSful community groups that work In and beneflt the cornmunity 7.1 Initiate and support creative and artistic activities that Stimulate and encourage innovative ways to deal with mental health issues and social exclusion. 8.1 Build relationships with the communlty to encourage incfyased use of the community hall and therefore inCaSed ccess for the mmmunity to the benefits provided by the facilities, 9.1 Run projects $0 that they are cost effettive and 5ustsinable. 10.1 Lead and motivate the communlty In pmlects that protecr the local envlronment and encourage a good understanding of environmental issues that face all individual5. Ll.) Act as a hub for comrnunity litter picking* recycling of clothes and plastic5 as well as promotlng reuse and repurwsing of items. 12.1 Organi5e cornmunity events that encourage the comrnunity to build relatiorishipsi learn new skills, support one another and break down social barriers. 13.1 Work with and support volunteers to gain benefit from their volunteering activities through befriending, learnlngi taking part in new experiences, helping others, team building, confidence building and social Interaction. l4.1 Develop an interest In the history and cultur& of Cwmbran and encourage people to meet together to sha photograph5, petsonal 5torie5 and family history through our Time8ubble project. This project helps build social coheslon and strengthen community spirit. Slgnltlcant Actlvltles The chief objective of the Costar partnershlp Is to Improve the quallty of Ilfè for the residents of Soulh West of Cv4mbran, giving priority to communities which score highly on the We15h Index of Multiple Deprivatlon. Costar runs a series of projects and activities which are geared towards alleviating poverty and relieving the effect5 of poverty such as substance mlsuse. depression, unemployment and poor health, within the local community. The Costar Partnership operates out of a community centre whlch is located on a large social housing estate built in the 1960s. Costar hès developed the centre into a vibtynt and lively hub for the lotal community providing a location where people can access information and support on 3 variety of matters as well as attendin9 classes and other activities. The Charity operates on a non-iudgmental basis and promotes equality and social justice. All members of the comrnunlty are eligible to attend the centre and avail themselves of the sefViC&S provided. The Charlty PTomotes a number of activities which combat poverty and social Isolation. The cornmunity cafe provides healthy meals at affordable price5 and provides an excellent opportunity for people to meet and make new friends. The charity a150 run5 a food co-op and foodbank to help those struggling to rnake end5 meet. There are also opportunities to purchase Iruit and veget3ble bags from a IDcal supplier. In luly 2022 Costar re-located thi5 project in the neighbouring shopping complex Fairwater Shops. The shop unit is known as The Costar Community Hwb and 415a offers the additional benefits of dmp in advice sesslons from a number of local agencies. .CONTINUED Page I
Costar Partnership Trustees. Report (continued) For The Year Ended 31 March 2026 Slgnlflcant Actlvlties- contlnu¢d Costar also runs 'Community RePaint Torfaen, a paint reuse project aimed at saving paint from landfill and putting It to good use In the community. The paint is locared at both of our sites, Costar places a strong emphasis on heritage and creativity, running art and craft classes, family history Classes and cultural events, such a5 our Time8ubble project which organised activitie5 around the 70th anniversary of Cwmbran Town. Costar is a Strong promoter of environmental awareness and act5 as a Community Litter Hub in partnership with Keep Wales Tidy, a source of recycling equipment in partnership with Torfaen County Borough Council and a recycling point for clothes and plastics. In addition a comrnunity amnesty skip is provided monthly to help resident5 who cannot access the local tip and is aimed at reducing flytipping. Costar promotes self-development and confidence buildin91 empowering people to make better choices and improv& thelr lifestyles. Public Benetit Our chief charitable aim is the relief of poverty and all our projects are run Nvith that in rnind, Our services are pdced at affordabSe levels aitned at people on low incomes and are designed to improve the quallty of life of our residents. Our paint project 15 unique in Torfaen and helps local people to ac55 good quality palni at low prices as well as diverting usable palnt from the waste strearn. Our Community Hwb provide5 a fwd co-op to over 100 families a week helping local people make ends meet. For those facing èmergencies or in crisis situations we provide a free bag of essential itetn5 W1th which to make a few meals. We also provide help to Ukrainian families who have Come to Cwmbran to escape the war in thelr home country. We provide 4 lifeline of social support for those who are vulnerable, lonely or socially isolated with the events, actlvities and classes we run. Our staff and volunteers are always ready to chat and make vi51tors feel at home. Our volunteering opportunities offer people the chance to make a contribution and do something worthwhile, either with a view to gaining work experience or by providing the indivldual with a sense of fulfiltnent. This year we have welcomed students from Cole9 Gwent who attend our sires as part of thelr course. Both our sites are open 5 day5 a b¥eek prtrvldlng a friendly welcome and a place Whe local people can meet and obtsin information about a range of issues. Th@ trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due rwJard to the Charlty Commis5ion'5 guidance on publi¢ benefi't. Achievements and Perl¥Jrniance Mai# Achlevement$ l. Introduction This report offers an overview of our activities, developments and impact across the past year, reflecting work delivered through our two communlty sltes.. The Threepenny Bit Community Centre and the Costar Community Hwb at Fairwater Shopping Precinct. 2. Annual Ovetvlew of Achievements Over the course of the year, Costar has made strong progre55 in expanding services, increasing comrnunity engagement and strengthening orgonis6tional re5ilien¢e. Actlvity levels and attendance continued to grow across both sites, alongside a riso in self generated incorne. There have been no significant changes to our operation or changes to our original application. Key highlights from the year Include.. Significant improvements to facilities at the Threepenny Bit, in¢luding a new kitchen, cornmunity garden development and improved disabled access Expansion of socialisation activities Such as games group and book club. Delivery of targeted support to people experiencing financial h8rdshlp thmugh food, fuel, and advice services Continued high levels of volunteer engagement and progression opportuniti Successful delivery of cornrnunity events and commemorative projects celebrating local history and shared identity 3. Dellvery at The Threepenny Bit Community Centre Facilities and Infrastructure During the yeor, Costar achieved notable Improvernents to the ThepennY Bit Community Centre. Oisability friendly entrances were created at the front and rear of the ntre with an area of decklng at rhe back which makes entran to the corntnunity garden much easier. ..COWINUED Page 2
Costar Partnership Trustees, Report (continued) For The Year Ended 31 March 2026 Main Achievements- tontinued The community garden continued to develop following the award of support from the Keep Wale5 Tidy Local Places for Nature programme. What Wa5 previously unused Scrubland has become a welcoming outdoor space featuring raised beds, planting areas and Seating. The garden is now rnaintained by a 5fflall group of local volunteers and is enjoyed by service users throughout the warmer months. Further funding enabled Important accessibility improvements, including the installation of a ramp at the front of the buildlng and a decked area at the rear to Improve wheelchalr acce to the garden. Actlvltles and Engagement The centre continued to host a varlety of 913r actlvitles, Includlno lunch clubs and coffee rnornings. A new Games Club wa5 introduced during the year, providing an informal Social space where people cèn enjoy board oame5, card5 and puzzles together. The group has become a valued addition to the weekly prograrnrne, supported by voluntÈÈrs who also provide refreshments. Costsr also continued its partnership with a local slxth form college. welcorning students frotn the Additignal Learning NÈeds unit into the kltchen. These placÈments provide meanlngful ¥vork experience. and some students have th05en to remain involved a5 volunteers following the end of their placements. 4. Delivery at CoSt4r Communtty Hv4b {Fairwater Shopping Preclrtrt} Core Servlces Now well established, the Costsr Community continued to be a vital access point for support. Services delivered frorn thi5 Site include food support, reuse initiatives and low c05t community tall, as well as access to fuel poverty vouchers and emergency SIM cords. The Hwb also hosts a coun5elling service each week and a monthly Citizens Advlce drop in, supporting individuals with range of personal, financial and practical challenges. Service Development Community led act1Vlty contlnued to grow at the Hwb durlng the year. A new volunteer run book club was estab5ished and now meets weekly, providing fj 5UPPOrtive and 50¢ial space for particlpants. Members have also independently org4nised trips and soclal events, rie(tIng the confidence and connectlon bulli withln the group. Reuse provision expanded further, with donations of good quality clothing and household Items redistributed to local people In return for a small contribution. The service has been particularly valued by families on low incomes, especially those needing chlldren's clothlng. In September 2025, further Shared Prosperity Grant funding was 8warded to develop a food pantry. This gnt enabled the purchase of zero waste storage and weighing pquipmÈnt, with the aim of offering custorners the choice of weighing out their own requirement5 and purchasing just the amount they needed. Thls faclllty adds further choice to our customers hen they access our food co-op. 5. Special Projects and Communlty Events We delivered 3 range of special projetts ènd events that brought people together and strengthened community pride. In Mzy 2025, Costar hosted a VE Day 80th anniversary celebration, including themed food, live music from a local school choir, historical displays interactive activitie5. The event was enjoyed by people of all ages and created a strong sense of shared experience. In June 2025, Costsr led a larye heritage project to mark the 75th anniversary of Cwmbran New Town. The project culminated in an exhib1tion at Cwmbran Library visited by over 1,000 people and generated widespread commun1ty en93gement through the sharing of memories, photographs and stories. Seasonal activities also remained an imwrtant part of Costarfs work. At Christmas, the ory4nisatiDn Ljelivered a free Santa's Grotta for locol children, a community Santa Sleigh RidÈ, food parcels and hampers for those in need, and gift boxes for local care hornes. 6. Targeted Support and Indlvldual Outcomes Throughout the year, Costar provided tailod support to Indivlduals facing a range of challenges, including food poverty, fuel poverty, mental health i55ues, loneliness ond i501ation. 7. Partnershlp$ and Collèborative Working Partnership working remains central to Costar's succes5. During the year. Costar continued to work closely with the local authority, colleges, voluntary oryanlsations 8nd community groups to maximise reach and effectiveness. Collaboration with bodies such as Keep Wales Tidy, Cit12ens Advice and educational providers has enabled Costar to offer more comprÈhensive supwrt and respond effectively ro emorging comrnunlty needs. .CONTINUED Page 3
Costar Partnership Trustees. Report (continued) For The Year Ended 31 March 2026 Main Achi•Tements- contlnued 8. Organlsatlonal Su5talnability and Capaclty Funding from organisations Including the G3rfield Weston Foundation, The Watedoo Foundatlon, Henry Smith Charity, Food4Growth Fund, Moondance Foundation and the Shared Prosperity Fund ha5 SUPPOrteé oroanis8tlonal stability during the year. This has en6bled Costar to manage staffing costs, maintain Service delivery ond continue to Invest In facilities and community infrastructure. Alongside grant 5UPPOrt, CoStèr has continued to increase self generated income and strengthen volunteer ¢3paclty, contrlbuting to longer terFn sustsinability. 9. Key PrlorltlÈs for the Comlng Year Building on the pro9$5 of thls year, Costar will continue to develop inclusive, communlty led servlces. Prloriiies for the coming year include Development of the food pantry Expanding our reach Into the community to prornote our servlces The establishment of new creative and social groups including cookery cla55e5 and photography club. The introduction of a customer relotionship monitorlng system to track all our statistics and incotne generation, to enable our operation to becorne more strearnlined, This is a bespoke programme belng developed for us by a dedicated volunteer. The organi5ation remains committed to respondlng to local need and ensurino that support IS 3ccesslble, dignified and rooted In community participation. structure. Govemance and Managernent Governing Document The charlty is governed by the Memoradum and Articles of the company dated 13th January 2004. Trustee Selertion Methods Recruitment and appointment oftrustees Potential new trustee5 are asked to fill in an 8ppllcation forrn explaining why they wish to becotne J trustee, glvlng details of the contribution that they will make to the board of trustees. Two references are asked for. The application is looked at by the board of trustees and a decision about the appointment of the applicant wlll be made at a Trustee meeting. Indurtlon and tralnlng ol trustees The Costar Partnershlp works closely with Torfaen Voluntsry Alliance, an organlsatlon that provides training for charities and the role and responsibilities of being a trustee. Organisatlonal Structure The Costar Partnership is run by the Board of Trustees. The Chanty is managed by the Centre Manager. There are also various other roles within The Costar Partnership CompS1n9.. Assistant Manager Community Hwb Co-ordinator- Food co-op, RePaint and Recycling Communily Hwb A55lStant Kitchen Manager Kitchen Assistant Cleaner Attivities Worker The charity a150 use5 volunteers to help achieve its charirable objectives. Arrangements for setting key management personnel remuneratlon The trustees In discussion with the m3nagers Set the remuneration. Page 4
Costar Partnership Trustees. Report {contlnued) For The Year Ended 31 March 2026 Reference and Administrative Details Trustees Mr5 A ) Owen Mr T A Matthews Mrs R A Seabourne Mts L Lloyd-Tolman Mr P Seabourne Mrs C Willis Mrs S Long (appointed 15104120261 Mr J S Davenne Company Secretary Mrs L H Howles Charity Number 1101631 Company Number 04740680 Principal Address The Three Penny Bit Deerbrook, Greenmeadow Cwmbran Torfaen NP44 4SX Reglstered Office The Three Penny Bit Deerbrook Greenmeadow Cwmbran Torfaen NP44 45X Independent Examiner Mr A Hill FCCA ACA DChA BFP HSJ Accountants Ltd Severn House Hazell Drive Newport NPIO 8 Page 5
Costar Partnership Trustees. Report (contlnued) For The Year Ended 31 March 2026 Statement of Trustee$. Re5poN$ibilities The trustees (who are also the directors of Costar Partnership for the purposes of company lawl are resr)onsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdorn Accounting Standards Iunlted Kingdom Generally Accepted Accounting Practlcel. Cotnpany law requlres the trustees to prepare financial statements for each fin4ncial year. Under company law the trustees must not approve the flnanclal statement unles5 they are satisfled that they give a true and f4ir view of the state of affoirs of the tharitable company and of the incomlng resources and application of resources, Including the iTrcome and expenditure, of the charitsbl& company for that period. In preparing the financial statement5 the trustees are required to.. select suitable accounting pollcies and then apply them consistenfiy,. observe the methods and principle5 In the Charity SORP,. make judgments and 8ccountlng estimates that are reasonable and prudent,. and ppare the financial Statements on rhe golng concern basis unless it Is inappropriate to presume that the ¢i)mpany will continue In busin&55. The trustees are responslble for keeping adequate accounbng records which disc105e with reasonabl& accuracy at anytirne the financial position of the choritèble company and to enable them to ensure that the accounts comply wlth the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responslble for the maintenance 3nd integrity of the corporate and financial infomiaNon included on the charitable compaDy'5 website. Lègislation In the United Kingdom governing the preparation and dissemin4tlDn of financial Statements may differ from le9i516tion in other jurisdlctions. Small Comp•ny Rules This report ha5 been prepared In accordance with the special provlslons relating to cornpanies subject to the small cornpanies regime within Part 15 of the Companies Act 2006. The trustees, report was approved by the board of trustees and signed on Its behalf bv.. Mr P Seabourne Trustee 26 )une 2026 Page 6
Costar Partnership Independent Examiner's Report to the Trustees of Costar Partnership For The Year Ended 31 March 2026 I report to the chèrlty trustees on my examination of the accounts of the Company for the year ended 31 March 2026. Re$portslblllties and Basis of Report As the Charity trusreÈs of the Cotnpany land also its directors for the purpose5 of company lawl, you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061"the 2006 Act"). Having satisfied tnY5eif that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examin3tlon, I report in respect of my examinètlon of your charlty's accounts a5 carried out under section 145 of the Charities Art 2011 I'the 2011 Act'l. In carrying out my exarnination I have followed the Directions given by the Charity CornFnis5ion under section 14515) Ibl of the 2011 Act. Independent Examiner's Statement I have completed my examination. I confirm that no rnatters have come to my attention in connection with the exatninatlon glvlng me cause to believe.. l. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Art,. or 2. the accounts do not accord w1th those records,. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the account5 give a 'true and fair view. which is not a matter considered as part of an Independent exarnination,. or 4. the accounts have not been preparèd in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applitèble to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come atross no other matters in connection with the examination to which attention should be drawn in thi5 report in order to enalile d proper understsnding of the accounts to be reached. Mr 111 FCCA ACA DChA BFP 26 June 2026 Severn House HazÈll Drive Newport NPIO 8FY Pa9e 7
Costar Partnership statement of Flnanclal Activities (including Income and Expenditure Account) For The Year Ended 31 March 2026 2026 2025 Unrestrirt*d Restrlcted funds fur$ Total funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Charitsble 4Ctivities 43,486 43,080 4,743 297 99,776 300 143,262 43,380 4,743 297 191,499 34,254 6,395 692 5,257 other trading activities Inve5trnents other 6,142 6,142 97,748 100,076 197,824 238,097 EXPENDITURE ON: Charitable activitie5 1111.5771 1104,9481 1216,5251 1237,8931 14,8721 118,7011 204 NET (EXPENDITURE)IINCOMF 113,8291 Transfers between fund5 19 13.156 113,1561 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forw4rd 16731 118,0281 118,7011 204 65.170 47,823 112,993 112,789 TOTAL FUNDS CARRIED FORWARD 19 64,497 29,795 94,292 112,993 The notes on pages 11 to 19 form part of these financial statements. Page 8
Costar Partnershlp Comparative Statement of Financial Activities (includlng Income and Expendlture Account) For The Year Ended 31 March 2026 2025 Unrestricted Restricted funds funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacie5 Charitable activities other tradin9 activities Investments other 44.327 34.254 6.395 692 147,172 191,499 34,254 6,395 692 5,257 5,257 90,925 147,172 238,097 EXPENDITURE ON.. Charitable activities 1112,0891 1125,8041 1237,8931 121,1641 21,368 204 NET INCOME Transfers between funds 19 10,314 110,3141 NET MOVEMENT IN FUNDS 110,8501 11.054 204 RECONCILIATION OF FUNDS.. Total funds brought forward 76,020 36,769 112,789 TOTAL FUNDS CARRIED FORWARO 19 65,170 47,823 112,993 The notes on page5 11 to 19 form part of these finon¢ial statemÈnts. Page 9
Costar Partnership Balance Sheet As At 31 March 2026 2026 2025 Unrestricted Restrirted funds funds Total funds Total nds Not¢s FIXED ASSETS Tanglble Assets 14 42,902 42,902 35,330 42,902 42,902 35.330 CURRENT ASSETS Debtors 15 1,603 30,695 1,603 60,490 5,256 84.285 Cash at bank and in han 29,795 32,298 29.795 62,093 89,541 Creditors: Amounts Falllng Due Within One Year l6 110,7031 110,7031 111.8781 Ngf CURRENT ASSETS (LIABILITIES) 21,595 29.795 51,390 77,663 TOTAL ASSETS LESS CURRENT LIABIUTIES 64,497 29,795 94.292 112,993 NET ASSETS 64,497 29,795 94.292 IL2,993 FUNDS OF THE CHARITY Restricted Funds Unrestrirted Funds 29.795 64,497 47,823 65.170 TOTAL FUNDS 19 94,292 112,993 For the year ending 31 March 2026 the charltsble company was entitled to exemption from audlt under section 477 of the Companies Act 2006 relating to srllall companies. The members have not required the company to obtsln an audlt In accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilitles for complylng wlth the requirements of the Act wlth respect to accounting record5 and the preparation of accounts. These accounts have been prepared in accordance with the provlslons appllcable to companies subject ro the small companies reglme. On behalf of the board Mr P Seab¢urne Trustee 26 June 2026 The notes on pages 11 to 19 fom part of these financial staternents. Page 10
Costar Partnership Notes to the Financlal Statements For The Year Ended 31 March 2026 General Informatlon Costar Partnership is a cornpany limited by guarantee, incorporated in England & Wales, re9lStered nurnber 04740680 and registered charity number 1101631. The registered office is The Three Penny Bit Deerbrook, GenmeadO, Cwrnbrdn, Torfaen, NP44 45X. 2. Attounting Pollcles 2. 1. Basls of Preparatlon of Flnanclal Statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Staterneni of Re¢ommendÈd Practice èppllc8ble to char1ties preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republlc of Ireland IFRS 1021 (effective I lanuary 20191" Financial Reporting Standard 102 'The Financ01 Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The charitable company is a Public Benefit Entity as defined by FRS 102. 2.2. Golng Concern Dlsclosure The trustees have not identified any material un¢ertainties related to events or conditions that may cast 51gniflcant doubt about the th8ritable company's abllity to continue as a going concern. 2.3. Fund Ac¢ounting Unrestrirted funds can be used in accordance wlth the charitable objectives at the disCtIOn of the trustees. Designated funds tomprlse unrestrlcr@d funds that have been set asicse by the trustees for a spÈciflc purpose. Restricted funds are to be used for speciflc purposes as laid down by the donor. Further explan3lion of the nature and purpose of each fund Is Included in the notes to the financial statements. 2.4. Incomlng Resources All Intome is recognised once the charity has entitlement to the Income. it is probable that the income will be received and the amount of the int¢xnÉ CeIVable can be measured reliably. Donatipn5 arrd legacyes Donations are recognised when the ch6rity has been notified in writing of both the 3mount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the Income Is deferred and not recognised until either those conditlons are fully tnet, or the fulfilment of those conditions is wholly byithin the Control of the tharity and it Is probable that these condilion5 will be fulfilled in the reporting period. Grants receivable Grants are reco9nised when the charity has an entitlerllent to the fund5 and any conditions linked to the grants have been met. Where pÈrform3nce condltlons are attached to the grant and are yet to be met, the Income is recognised as a liability Bnd included on the balance sheet a5 deferred income ro be released. Deferred inron7e Deferred income represents amounts received for future period5 and 15 released to Incoming resources in ihe period for which, It has been recÈived. Such income is only deferred when.. Th& donor specifies that the grant or donation must only be used in futu accountlng periods., or Thè donor has imposed Conditions which must be met before the charrity ha5 unconditional entitlement. Investment Income Dividends are recogni5ed once the dividend ha5 been declared and notification has been received of the divldend due. Page 11
Costar Partnership Notes to the Financial Statements (contlnued) For The Year Ended 31 March 2026 2.5. Resources Expended All expenditure is recognised once there is a legal or tonstructlve obligation to that expenditure, it is probable settlement is required and the arnount can be measured reliably. All costs are allocated to the applicable expenditu heading that aggregate sim118r costs to that category. Where costs cannot be dire¢riy attrlbuted to partlcular headin95 they have been ollocated on a basis consistent wlth the use of resources, with central staff costs alated on the basis of time spent, and depreciation charges allocated on the portion of the a55et's use. Other support costs ar& allocated based on the spread of staff costs. Charltable artivities Charitable expenditure comprises those costs incurred by the charity in the dÈlivery of its activities and 5erviTrs for its beneficiaries. It include5 borh ¢trsts that Can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs Support costs include central funrtlons and have been allocated to activity cosr categorles on a basis consistent with the use of resources, for example, allocating property costs by floor aa5, or per capita, staff costs by the tlme spent and other costs by their usage. Governart costs These include the costs attributable to th& charity's compliance with constitutional and statutory requirements, including audit, 5tr4tegir management and trustees's meeting5 and reirnbur5ed expen5e5. 2.6. Tangible Fixed Assets and Depreclatlon Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated Impairment losses. Depreciation 15 provided at rates calculated to write off the cost of the fixed assets, less their e5titDated residual value, over fhelr expected useful lives on the fOlOlg bases.. Leasehold Notor Vehicles Fixtures & Fittings Iooh reducing balance 25¥0 rÈduting balance 25Wo redtsclng balance Individual flxed assets costlng £500.00 or more are initially recorded at cost. 2.7. Ca$h and Cash Equlvalents Cash and cash equivalents are basic financial a55ets and include cash in hand and deposits held at call with banks. other short-term highly Ilquld investments that mature in no Ino than the months from the date of acqui51tion and are readily convertible to a known amount of cash with Insignificant risk of change in value, and bank overdrafts. 2.8. Taxation The charity Is exempt from tax as all its income Is charltable and app5ied for charitable purposes. 2.9. Pensions The charitable company operates a defined pension contributlon scheme. Contributions are charyed to the Statement of Financial Activitles as they become payable In accordance with the rules of the scheme. 2.10. TradÈ debtors Trnde debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction prlce. They are subsequently rtieasured at amortised cost using the effèctive interest method, less provision for irnpairment. A provision for the Impairment of trade debtors Is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Page 12
Costar Partnershlp Notes to the Financial Statements (contlnued) For The Year Ended 31 March 2026 2.11. Trade credltors Trade creditors are obligations to pay for goods or Services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabllities ir rhe charity does not have an unconditional right, at the end of the reporting period, to defer settlernent of the creditor for at least tw&lve months after the reporting date. If there Is èn unconditional right to defer settlement for ot leost twelve months after the reporting date, they are presented a5 non-current liabilities. Tr6de creditor5 a recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest rnethod. 3. Inrome from Donations and Legacies 2026 Unrestritted Restricted Total fund5 funds fund5 Donètlons and glfts Grants 10,995 32,491 10,995 132.267 99,776 43,486 99,776 143.262 2025 Urtrestrlcted Restrlcted Total funds funds fund$ Donations and gifts Grants 8,586 35,741 8,586 182,913 147,172 44,327 147,172 191,499 The following grants are included within the total Income from donations and legacies above.. 2026 Unre5trirt¥d Re5trl¢ted funds funds Total funds Small Grants Fund Henry Smlth Lottery Community Grant Moondance Fund 1,600 5,846 15,920 7,446 15,920 Food4Growth Community Resilience Fund Herltage Lottery Fund Shared Propserity Fund Tortaen CBC - Core Grants 11,296 33,422 11,296 33,422 30,891 30,891 3,292 20.000 10,000 Crane Foundation 3,292 20,000 10,000 Garfield Westo The Waterloo Foundatyon 32,491 99.776 132,267 Page 13
Costar Partnership Notes to the Flnanctal Statements (continued) For The Year Ended 31 March 2026 2025 Unrestrlcted Restrirted funds funds Total funds Small Grants Fund 8,778 30,400 20,042 30,000 14,984 22,913 17451 20,800 8,778 30,400 20,042 30,000 14,984 22,913 17451 20,800 35,741 Henry Smith Lottery Community Grant Moondance Fund Food4Growth Cotnmunity Re$llence Fund Heritage Lottery Fund shared Propserity Fund Torfaen CBC - Core Grants Crane Foundation Garfield Weston 35.741 The Waterloo Foundauon 35.741 147,172 182,913 4. Income from Charjtable Actlvltles 2026 Unrestrlcted Restrirted funds funds Total funds Communify Development 43.080 300 43.380 2025 Unrestrlcted Restricted f&Ends funds Total funds Community Development 34.254 34,254 In¢ome from Other Trading Activitle$ 2026 2025 Unrestrlcted Vnrestrirted fund$ funds Income from other rradlng actlvltles 4,743 6,395 6. Investment Incorne 2026 2025 Unrestritted Unrestrlcted funds funds Bank Intert recelvable 297 692 Page 14
Costar Partnership Notes to the Financial Statements (contlnued) For The Year Ended 31 March 2026 7. Other Income 2026 2025 Unrestrirted Unrestricted funds funds Rental and other Income frDm property 6,142 5.257 8. Net Incomel(Expendlture) The net {expenditurel/income Is ststed after ¢harglngllcreditlngl'. 2026 2025 Depreciation of tangible Fixed assets owned 5,612 6,132 9. Analysis of Expenditure 2026 Activities ndertaken directly Support costs (seè not& 101 Total Community Development 162,749 53,776 216,525 2025 Actlvltles uni1ertaken directly Support costs (see note IOI Total Comrnunily Development 162,310 75,583 237,893 10. Support Costs 2026 Community Development Employee costs Premi5e5 expenses Generèl èdminlstratyon Governance cost5 1,414 32,987 16,803 2,572 53,776 Page IS
Costar Partnership Notes to the Financial Statements (contlnued) For The Year Ended 31 March 2026 2025 Communltv Development Employee costs PTemises expenses General administration Governance costs 1,379 44,277 26,975 2,952 75,583 11. Independent Examiner's Remuneration 2026 2025 Independent examination of the financial 5tstements 2,572 2,280 12. Staff Costs Staff costs were as follows.. 2026 2025 Wages and salaries Social Security costs other pension tosts 124,409 2,316 2.693 L19,060 2,456 2,767 129,418 124,283 No employees received employee benefits (excluding employer pension cost51 for the reportin9 period of MO rhan £60,000. 13. Average Number of Employees Average number of employees during the year was., 6 12025,. 61 14. Tanglble Assets Land & Property Leasehold Motor Vehicle5 Flxtures & Flttlngs Totsl Cost As at l Aprll 2025 Addil10ns 78.186 13,184 1,600 38,834 118,620 13,184 As at 31 March 2026 91,370 1.600 38,834 131,804 Depreciation A5 at l Aprll 2025 Provlded during the perlod 52.782 3,130 1,600 28,908 2,482 83,290 5,612 As at 31 March 2026 55,912 1,600 31,390 88,902 .CONTINUED Page 16
Costar Partnership Notes to the Financial Statements (continued) For The Year Ended 31 March 2026 Net Book Value As at 31 March 2026 35,458 7,444 42.902 As at l Aprll 2025 25,404 9,926 35,330 15. Debtors 2026 2025 Due within one year Trade debtors other debtors 20 45 1.583 5,211 1,603 5,256 16. Credltors: Amounts Falllng Due Wlthln One Year 2026 2025 Trade creditor5 Other credltors Taxation and social security Accruals and deferred income 454 1,754 599 2,209 7,441 1,894 8,230 10,703 11,878 17. Deferred Income Deferred Income tnovetnents in the year were as follows.. 2026 2025 Balance at the start of the period Amounts released in income frorn previous periods 6,000 11,0001 7,000 11,0001 Balance at the end of the period 5,000 6,000 18. Pension Commitments The charitable company operates a defined contribution pension scheme. The a55ets of the scheme are held separately from those of the charitabl& company in an independently administered fund. During the year the charge to the statement of financial activltyes in respect of defined contribufion schemes was E2.693 12025.. E2,7671. At the balance $et date contrlbutlons Of ÉNIL We due to the fund and are Included in creditors. 19. Movernent in Fun41$ A$ at l April 2025 Asat31 March 2026 Income Expendlture Transfers Unr•$trirted fund$ General.. General unrestricied fund DeSnated.. Designated 8uilding5 Fund 43,071 66,857 170,2051 6.247 45,970 21,397 13.1301 18,267 .CONTINUED Page 17
Costar Partnership Notes to the Financial Statements (contlnued} For The Year Ended 31 March 2026 Key Management Salarie5 Staff Saving5 702 30,891 138,5021 260 6,909 260 22,099 30,891 141,3721 6,909 18,527 Total unrestrirted fvnds 65,170 97,748 {111,5771 13,156 64,497 RestrScted funds Small Grants Fund Henry Smlth Lottery Cornmunity FIxK14Grov4th Period Dignity Grant Community Resillence Fund Heritage Lottery Fund National Grid Shared Properity Fund Crane Fund Gatfield Weston The Waterloo Foundation 7,850 2,482 20,110 741 6,146 15,920 12,4651 115,3991 118,OL51 110,1171 11,531 3,003 2,095 1,920 1,000 3,103 11,296 1,000 7.121 2,028 3,518 2.973 33,422 124,2571 12,0531 113,1831 25 3,518 12,9731 13,2941 119,9291 16.4461 3,292 20,000 10,000 71 3,554 Totsl restrirted fund¥ 47,823 100,076 1104,9481 113,156) 29,795 Total funds 112.993 197,824 1216,5251 94.292 As at l Aprll 2024 Asat31 Marth 2025 Income Expentliture Transfers Unregtrlcted funds General.. Genetsl unrestricted fund Designated.. Designated Buildings Fund Key Management Salarie5 Stsff Saving5 54,009 58,206 178,0651 8,921 43.071 21,397 21,397 30,891 1,828 132,2841 11,7401 1,393 614 702 22,011 32,719 134,0241 1,393 22,099 Total unrestrlcted fvnd$ 76,020 90,925 1112,0891 LO,314 65,170 Restrlcted funds Small Grants Fund 4,171 B,778 30,400 20,042 30,000 L4,984 15,0991 127,9181 16,3441 129,9401 115,6571 7,850 2,482 20,110 Henry Smith Lottery Community Moondance Fund Forx14Growth 6,412 10,254 1,414 1,000 110,3l4} 741 Period Dignity Grant 1,000 .CONTINUED Page 18
Costar Partnership Notes to the Financial Statements (continued) For The Year Ended 31 March 2026 CommunSty Resillence Fund Heritage Lottery Fund Natlonal Grid Shared Properliv Fund 22,913 17451 115,7921 17,2271 7,121 2,028 3,518 2,973 10,000 3,518 20,800 117.8271 Total restrltted funds 36,769 147,172 1125,8041 {10,3141 47.823 Ttytal funds 112.789 238,097 1237,8931 112,993 During the year the charlty has transferred £13,184 of capltal expenditure from the Comtnunity Resilience Fund to the General Fund once cornpleted as the cost5 incurred were for general chantable use. This transfer is in line wifh paragraph 2.27 of the Charity SORP 2019. 20. TransactlOn5 with Trustees None of the trustee5 received any remuneration or any other benefit5 from an employment with the charity or o related entity during the current or previous year. No trustee expenses have been inCurd. 21. Related Party Di5cIosuro5 22. Company limited by guarantee The ci)mpany is limited by guarantee and ha5 no share capital. Every member of the tomp8ny undertake5 to tontribute to the assets of the company, in the event of a winding up. such an amount as may be requi not exceedin9 Él. Page 19
Costar Partnershlp Detailed Statement of Financial Activities (including Income and Expendlture Account) For The Year Ended 31 March 2026 2026 2025 Total funds Total funds INCOME AND ENDOWMENTS FROM: Donatitsn$ and legacies Donations and gifts Grants 10,995 132,267 8,586 182,913 143,262 191,499 Charitable Activities.. Community Development Comrnunity services 43,380 34,254 43,380 34,254 Other tradlng actlviti¢$ Incorne from other trading activities 4,743 6,395 4,743 6,395 Investm¢nt$ Bank Interest ¢@IVable 297 692 297 692 Other Rental and other Income from property 6,142 5,257 6,142 5,257 197,824 238,097 EXPENDITURE ON: Charitable Artivitles: Community Development Purchases Wages and salaries Employer5 NI Employer5 pensions defined contribution schernes Marketlng and advertising cosrs Depreciation of fixtures and fittings Depreclatlon of leasehold land and property Staff expense5 Rent 127,5321 1124,4091 12,3161 12,6931 11871 12,4821 13,1301 (1,4141 (6,9441 IL5,5171 110,5261 12,0111 129,9801 1119,060) 12,4561 12,7671 11,9151 13,3091 12,8231 11,3791 16,1221 121,5631 IL6,5921 11,3081 .COfNTINUED Rates Repairs and maintenance Accountancy fee5 Page 20
Costar Partnership Detailed Statement of Financial Actlvitles (includlng Income and Expendlture Account) (continued) For The Year Ended 31 March 2026 Sundry expenses Independent examiner's fees Legal fees (14,7921 12,5721 125.6671 12.2801 16721 1216,5251 1237,8931 1216,5251 (237.8931 NET (expENDITURE}/fNCOME 118,7011 204 Page 21