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 int￿a$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 succ￿Sful 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 inC￿aSed
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 ac￿55 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 Th￿epennY 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 ￿9￿13r 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 g￿nt 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 tailo￿d 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 Comp￿S1n9..
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
p￿pare 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, G￿enmeadO￿, 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 Financ￿01 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 disC￿tIOn 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 al￿ated 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 a￿a5, 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 fOl￿O￿l￿g 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 th￿e 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$ll￿ence Fund
Heritage Lottery Fund
shared Propserity Fund
Torfaen CBC - Core Grants
Crane Foundation
Garfield Weston
35.741
The Waterloo Foundauon
35.741
147,172
182,913
4. Income from Charjtable Actlvltles
2026
Unrestrlcted Restrirted
funds
funds
Total
funds
Communify Development
43.080
300
43.380
2025
Unrestrlcted Restricted
f&Ends
funds
Total
funds
Community Development
34.254
34,254
In¢ome from Other Trading Activitle$
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 Inter￿t 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
DeS￿nated..
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 inCur￿d.
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