Papua Partners Limited (A company limited by guarantee)
Report and Financial Statements For the Year Ended 31 August 2024
Charity number 1117275 Company number 05539947
Papua Partners Limited (A company limited by guarantee)
Financial Statements For the Year Ended 31 August 2024
Contents
Reference and Administrative Information ...................................................................................... 3 Annual Report ................................................................................................................................. 4 Financial Review ........................................................................................................................... 10 Statement of Financial Activities .................................................................................................. 12 Independent Examiner’s report to the Trustees of Papua Partners Limited ................................... 18
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Papua Partners Limited Report of the Trustees for the year ended 31[st] August 2024
The Trustees present their report and financial statements for the year ended 31[st] August 2024
Reference and Administrative Information
Charity Name: Charity registration number: Company registration number:
Papua Partners Limited 1117275 05539947
Registered Office Papua Partners Lytchett House, 1 3 Freeland Park, Wareham Road, Poole, Dorset, BH16 6FA
Trustees
Ms Alison Glasspool - Chair Mr James Hill - Treasurer Ms Christina Cattle - Secretary Mr Jake Di Paolo Mrs Sally Mavin
Bankers
Lloyds Bank PLC 120 - 124 High Street Dorking Surrey RH4 1BB
Solicitors
Barlow Robbins Southern House Guildford Road Woking Surrey GU22 7UY
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Annual Report
Structure, Governance and Management
Governing Document
The organisation is a charitable company limited by guarantee, incorporated on 18th August 2005 and registered as a charity on 15[th] December 2006. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. The company is registered as a charity with the Charity Commission. In the event of the company being wound up members are required to contribute an amount not exceeding £10.
Recruitment and Appointment of Trustees
The members of the company are also charity trustees for the purposes of charity law and under the company’s Articles are known as Trustees. Under the requirements of the Memorandum and Articles of Association one third (or the number nearest one third) of the Trustees must retire at each AGM, those longest in office retiring first and the choice between any of equal service being made by drawing lots. A retiring Trustee who remains qualified may be reappointed.
The nature of the Charity’s work is overseas development, and the Trustees seek to ensure that the experience in this area is reflected in the diversity of the trustee body. To enhance the potential pool of trustees, the charity has sought to identify those experienced in overseas development, who would be willing to become members and use their own experience to assist the charity. The more traditional business skills are well represented on the Board of Trustees.
Trustee Induction and Training
All the existing trustees are already familiar with the practical work of the charity. Additionally, new trustees will be invited and encouraged to attend a series of short training sessions (of no more than an hour) to familiarise themselves with the charity and the context within which it operates. These will cover:
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The obligations of Management Committee members.
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The main documents which set out the operational framework for the charity including the Memorandum and Articles.
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Resourcing and the current financial position as set out in the latest published accounts.
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Future plans and objectives.
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Safeguarding
Risk Management
Due to the nature of the Charity’s work in remote areas a risk document has been prepared including, amongst other things, emergency plans for our staff members in West Papua.
Organisational Structure
Papua Partners has a Board currently formed of at least three and not more than ten Trustees who meet quarterly and are responsible for the strategic direction and policy of the charity. At present the Board consists of five Trustees from a variety of professional backgrounds relevant to the work of the charity. The Trustees are responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. The Trustees continued to divide the various operational responsibilities between them.
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Since 2022 we have gone through a significant shift in our organisational structure, shifting more power and management responsibility to West Papua. We initiated a formal partnership with our core local partner, iWaTaLi, who now functions as the local arm of Papua Partners. We continue to work to embed this partnership within the governance of both organisations with representation on each other's governing boards, joint reporting and decision making. This is an exciting step forward which we hope will energise and enable Papua Partners and iWaTaLi to scale up our work while remaining embedded within local communities and their expertise.
In West Papua we currently have a team of four full-time staff based in IWaTaLi Papua including a full-time Papua Coordinator who leads the iWaTaLi team, our work programme and provides training and support to partners. There are also two Programme Coordinators and a Finance Manager. A part time Director in the UK provides overall management and technical support to the programmes in West Papua as well as driving support and resource mobilisation for the charity and raising awareness of the issues facing West Papua in the UK and internationally.
Objectives and Aims
The company’s objects and principal activities are to build the capacity of civil society in West Papua (all provinces that make up the land of Papua), Indonesia to tackle poverty and injustice, protect the environment, build peace and nurture sustainable communities. This is done through partnering with local indigenous organisations and churches to empower and improve livelihoods in numerous local communities through the provision of technical support, organisational development and the funding of innovative initiatives.
Our approach
Papua Partners works in partnership with local organisations, churches, community-based groups and social entrepreneurs to help them achieve their unique vision for transformational change. We focus on building their capacity for creating change through training, mentoring, development of good practice and partnering in implementation as well as facilitating their access to information and resources. We also support direct project management when needed.
Partnerships
During 2023/24 we worked in partnership with six organisations and two key networks in West Papua
1. iWaTaLi
iWaTaLi was set up in late 2017 by a group of activists, NGO’s and church leaders to build partnerships across denominational lines and to empower indigenous communities to be legally, politically, socially and economically self-sufficient. They function as the local implementation arm of Papua Partners, and predominantly work with indigenous youth, envisaging a future in which a motivated and inspired youth become the future leaders of West Papua with values rooted in humanity, rather than violence. Their work includes training in peacebuilding, leadership, human rights, and environmental reporting, addressing gender-based violence and paralegal work. They also work with churches, equipping and mobilising them to engage in social justice and peacebuilding. They support our strategic decision-making, including decisions relating to funding.
2. YASUMAT
YASUMAT was established in 1994 by leaders from four tribes (Yali, Hupla, Kimyal and Momuna) to support contextual development in the remote areas of Yahukimo and Jayawijaya. They focus on a variety of interventions including education, healthcare, sustainable community development and environmental stewardship. Their work includes training and supporting teachers and health workers, equipping rural clinics and community schools, providing emergency health assistance by air evacuation, supporting
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community development through small business development and agriculture, and enabling environmental stewardship through land restoration and participatory land mapping.
3. YAPELIN
YAPELIN was founded in 1977 to support the GIDI church (Gereja Injili di Indonesia) – the largest indigenous church in West Papua, which has approximately 1,000 congregations and more than one million members. They are focused on mobilising the church to bring about transformational change within communities throughout Papua, across healthcare, education and sustainable community development. They also manage the significant number of assets that belong to the church, including health clinics, hospitals, schools and over 35 airstrips which help them deliver supplies to remote communities across Papua.
4. ERUWOK
Eruwok is a community organisation set up by indigenous leaders in the District of Bokondini to support local community development programmes. They provide community health support – training health workers and raising health awareness in communities – as well as community development, including setting up savings banks and facilitating training (including computers, baking, handicrafts).
5. YumYaf
YumYaf was set up in 2016 by a group of indigenous women with the aim of equipping and supporting women in leadership and developing local initiatives for health and education in Papua. They focus on four key areas: Environmental awareness and protection; women & gender-based violence; trauma healing; and access to health and education.
6. Suu Bin
Suu Bin Tedei was established in 2023 with the support of Papua Partners and work with communities and church congregations in conflict areas to support women who are being affected by the ongoing conflict. They help and empower internally displaced communities with survival skills, including economic empowerment, and adaptation to living away from their customary lands. They also work to mobilise and equip women to thrive in their role as environmental stewards, including through research and advocacy which will help others understand the role of Papuan women from their own perspective, and create an evidence base for the provision of further support.
7. SKPC - Osa Sorong (Secretariat of Justice, Peace and integrity of Creation - Osa Sorong)
SKPC-Osa Sorong is an ecclesiastical institution that focuses on advocating for human rights, justice, peace and environmental protection in the Sorong region, West Papua. it is rooted in the values of the Catholic Church and is committed to defending small communities, especially those who experience oppression, marginalisation and human rights violations. Their objectives are to: realise social justice among the Papuan people through human rights advocacy, encourage peaceful conflict resolution, both in social and environmental issues; empower indigenous communities to protect their rights to customary land and local culture; preserve the integrity of creation (the environment) as part of ecological justice.
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8. Papuan Legal Aid Institute (LBH Papua)
LBH Papua provides legal advocacy for the Papuan people, especially for those who are unable to access economic, political and social justice. LBH Papua also works to uphold the supremacy of law, protect the rights of indigenous peoples, and build legal awareness in society. They aim to provide free legal aid services to those who can’t afford it or victims of human rights violations and for recognition and legal protection of the rights of indigenous Papuan people. They facilitate peaceful dialogue in resolving legal, social and human rights conflicts and advocate for democracy, human rights and clean government in Papua.
Networks
Papua Partners also worked with two key networks, the West Papuan Council of Churches (established in 2019), and the West Papuan Christian Youth Forum (established in 2017 and officially launched 2020). We collaborate on external-facing advocacy efforts, including collating evidence of human rights abuses for formal presentation to the United Nations, as well as within Papua to understand and respond to ongoing changes in the conflict.
During 2023/24 we have continued to support our partners with training and accompaniment to support their vision for change and to help them run effective programmes that are impacting the lives of individuals, families and communities as well as being change agents in wider society. The training and accompaniment that we have provided has leveraged partners to secure at least 350,000 GBP (September 2023-August 2024) from other donors including Tearfund Australia, the New Zealand Embassy, and Churches. The work that these organisations have delivered during this year has impacted at least 60,000 men, women and children directly and at least 150,000 people indirectly through education, health, livelihoods, tackling gender-based violence, environmental justice and building bridges for peace.
Our Impact
During 2022/23 we focused our support on eight main areas:
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Humanitarian support to Internally Displaced Communities (IDP’s)
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Prevention of violence against women and girls and women’s empowerment
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Indigenous Organisational Leadership
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Peace Building
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Paralegal training and human rights documentation
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Small business development
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Environmental crimes documentation and environmental stewardship
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Community health and education
Some of the highlights of 2023/24
Responding to the crisis of internally displaced communities - During 2023/24 we continued support to communities displaced by conflict, resource extraction and natural disasters in Sorong, Wamena and Sentani. Our work had three areas of focus:
- Building Strong Communities : Improving the livelihoods of 3 IDP communities through the establishment of green business, savings groups and improved management of the environment. This included the establishment and expansion of catfish breeding and selling businesses in Sorong, small pig business and agriculture in Wamena and tree planting in Sentani. These groups were supported through regular accompaniment and training to effectively manage and grow the business providing sustainable income and food security for families.
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Speaking Out: Equipping 30 youth and women leaders as Change Agents and network leaders to monitor, map, and document causes of displacement, raise awareness on climate change and the environment and advocate for change. Training and focus group discussions were held in the three locations, supporting change agents to document what is happening and to feed data into international partner advocacy reports.
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Building Bridges: Creating opportunities for joint working and better relationships with host communities to ensure environmental sustainability and peace. In each location we have been able to achieve security for displaced families through agreements with host communities to build temporary dwellings, establish farms and build their temporary communities without further conflict. We have worked in partnership with SKPC in Sorong to provide ongoing trauma healing support.
Small Business Development - We provided support to our partner Eruwok to strengthen their various micro- business projects with women from 10 communities including a baking cooperative and a basic goods cooperative and a coffee business. The groups have been going from strength to strength providing an amazing example of women leading change and being the engine of growth in their communities. These businesses are supporting at least 20 family networks, funding children in education, and healthcare costs. The bread and basic goods businesses give a percentage of their profits to the Eruwok community clinic.
This year saw the continuation of the ending violence against women and girls programme in the town of Wamena in partnership with Yasumat and various church networks. This programme provides training of trainers for youth facilitators, churches and women leaders in how to prevent Gender Based Violence (GBV) and promote equality as well as how to equip churches to become safe spaces for victims of violence and a promoter of healthy families and communities.
In early 2024 we partnered with Elsham, Bentalar Rakyat, Parapara Buku and Lao Lao Papua to host a Women’s School in Sentani over a number of weeks with the theme of ‘Inspire Inclusion - Take, Seize, Create and Defend Space for Women in the Land of Papua’. The school aimed to build awareness and critical thinking skills, learning media and creating a safe space for women to understand women’s issues. There were 15 women who took part, and all developed their own research projects based on issues within their own communities.
Peacebuildin g - iWaTaLi has been growing their important peacebuilding work and are active behind the scenes training activists in conflict areas, building connections and consensus, helping Papuan groups build a nonviolent movement for peace and justice. We have supported several small grants for activists to travel internationally to carry out advocacy on the ongoing situation in Papua.
Paralegal and documentation Training - This year iWaTaLi in partnership with the Papuan Legal Aid Foundation (LBH) trained 15 young activists to attain their paralegal qualification and build their capacity in the documenting of human rights and environmental crimes. This will enable them to support the development of cases and accompany victims in the justice process. We were also able to fund the last stages of training and formal qualification for three lawyers who will work in partnership with LBH to support victims and communities.
Church and Community Transformation (CCT) – The CCT programme continues to grow and is the core approach used by Yapelin, Yasumat and iWaTaLi to build the capacity and resilience of local communities to bring about positive lasting change. In 2023/2024 we started a new training of trainers programmes to build capacity of regional leaders in delivering the CCT programme. This year focused on building relationships with new church organisations and identifying new locations to work in the following years. Together with partners the CCT programme continues to work with over 100 local congregations impacting over 8,000 people. We work with a Papua wide network of CCT trainers and a Papua CCT leadership team which has representatives from all the partner organisations.
Environmental Stewardship: This year we started important work to document environmental crimes and resource exploitation in conflict areas. Partnerships have been developed with
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communities in Yahukimo towards the certification of indigenous forests. We hope to secure future resources to ensure that this vital work is taken forward and developed in 2024/25.
Rural Education: This year with support from Papua Partners and other donors Yasumat was able to start a model primary school in the District of Lolat, Yahukimo. The school is working together with parents and community leaders and aims to develop a quality, contextual curriculum that provides an opportunity for children from one of the remotest communities in Papua with a good education.
We continue to support and facilitate the advocacy work of the West Papuan Council of Churches (WPCC) and the West Papuan Christian Youth Forum internationally. One of our team works as part of the Secretariat of the WPCC and the work of IWaTaLi in documentation of conflict related incidents and abuses that feeds the advocacy work of the Council and supports the advocacy work of European advocacy groups to advocate for change at the UN and with national Governments.
All of this work would not be possible without the generosity of our regular long-term supporters who enable us and our partners to mobilise transformative change, one person at a time.
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Financial Review
Our base of regular individual supporters who contribute by standing orders has again remained stable.
Total donations were £73,455. This represents a decrease of £22,079. This was due principally to a major donation of £25,000 to fund activities in the year having been received at the end of the previous financial year.
Our core funding remained stable. It is important that we maintain our core funding level and we are confident that we can maintain and increase our supporter base, particularly in the UK.
Funding for Future Periods
The charity plans to continue the activities, as outlined above, in the coming years subject to satisfactory funding arrangements. Commitments to the region are constantly monitored to ensure that they are sustainable in the long term.
Reserves and Financial Health
The Board passed a target free reserve of £20,000. Although, as in previous years, the charity does not maintain substantial reserves, the strength and stability of our regular giving is such that with careful monitoring there is no current need to build up a more substantial free reserve.
Responsibilities of the Trustees
Company law requires the Management Committee to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including. income and expenditure, for the financial year. In preparing those financial statements, the Trustees should follow best practice and:
• select suitable accounting policies and then apply them consistently.
• make judgments and estimates that are reasonable and prudent; and
• prepare the financial statements on the going concern basis unless it is inappropriate to assume that the company will continue on that basis.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Independent Examiner
Ian Woodward was appointed as the charitable company’s examiner during the year and has expressed his willingness to act in that capacity.
The Trustees
The Trustees, who are directors for the purpose of company law, who served during the year and up to the date of this report, are set out on page 3.
In accordance with company law, as the Company’s directors we certify that this report has been prepared in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
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and Republic of Ireland (FRS102) (effective 1 January 2015) and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small entities.
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Papua Partners Limited
Statement of Financial Activities (including Income & Expenditure Account) for the
Year ended 31[st] August 2024
| Notes Incoming resources Donations 2 Tax Recovered 3 Other incoming Resources 4 Total incoming resources Notes Resources expended Activities in furtherance of Charity’s objects 5 Grants payable in furtherance of Charity Objects 5 Support Costs 5 Expenditure on managing the Charity 5 Total resources expended Net incoming (outgoing) resources Transfers between Funds Net movement of Funds Balances brought forward Balances carried forward |
Total Funds Unrestricted Funds Restricted Funds 2024 2023 32,412 41,043 73,455 95,534 3,191 - 3,191 3,487 526 - 526 3,525 |
Total Funds Unrestricted Funds Restricted Funds 2024 2023 32,412 41,043 73,455 95,534 3,191 - 3,191 3,487 526 - 526 3,525 |
|---|---|---|
| 36,129 41,043 77,172 102,546 |
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| Total Funds Unrestricted Funds Restricted Funds 2024 2023 41,112 4,370 45,482 51,680 24,720 21,625 46,345 37,900 3,109 1,006 4,115 12,552 4,070 - 4,070 12,044 |
||
| 73,011 27,001 100,012 |
114,176 | |
| (36,882) 14,042 (22,840) (186) 186 - |
(11,630) - |
|
| (37,068) 14,228 (22,840) |
(11,630) | |
| 49,126 - 49,126 |
60,756 | |
| 12,058 14,228 26,286 |
49,126 |
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Papua Partners Limited
Balance Sheet as at 31 August 2024
| Notes | 2024 | 2023 | |
|---|---|---|---|
| Fixed Assets | Nil | Nil | |
| Current Assets | |||
| Cash at bank and in hand | 2,037 | 1,802 | |
| Deposit Account | 24,249 | 47,324 | |
| Accounts Receivable | - | - | |
| Total Current Assets | 26,286 | 49,126 | |
| Current Liabilities | |||
| Accounts Payable | - | - | |
| Net Current Assets | 26,286 | 49,126 | |
| Net Surplus/(Deficit) | 26,286 | 49,126 | |
| Financed by | |||
| Year End Balances | 49,126 | 60,756 | |
| Excess (Deficit) to date | (22,840) | (11,630) | |
| Total | 26,286 | 49,126 | |
| Net Current Assets | |||
| Current Assets minus creditors falling due | 26,286 | 49,126 | |
| within one year | |||
| Total Assets less current Liabilities | |||
| Fixed Assets plus (or minus) Net Current | 26,286 | 49,126 | |
| Assets | |||
| Net Assets | |||
| Total assets less current liabilities less | 26,286 | 49,126 | |
| Creditors fallingdue after one year less | |||
| provision for liabilities and charges | |||
| Represented by funds | |||
| Unrestricted Funds General Fund | 12,058 | 49,126 | |
| Restricted Funds | 14,228 | - | |
| 26,286 | 49,126 |
These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small entities and with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015).
Approved by the Trustees on 2/5/2025
and signed on its behalf by
J. Hill - Treasurer
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Notes forming part of the Financial Statements for the year ended 31 August 2024
1. Accounting Policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding period.
(a) Basis of preparation
After making enquiries and reviewing the company’s forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors consider that the going concern basis is appropriate and continue to adopt this basis in preparing the annual report and financial statements.
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) and the Companies Act 2006.
(b) Fund accounting
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Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
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Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes. There were no such funds during this period.
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Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
(c) Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
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Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable.
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Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.
(d) Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT. The Company is not registered for VAT.
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Costs of generating funds comprise the costs associated with attracting voluntary income.
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Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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All costs are allocated between the expenditure categories of the SoFA (Statement of Financial Activities), on a basis designed to reflect the use of the resource.
(e) Fixed assets
The costs of minor additions or those costing below £1,000 are not capitalised. On this definition there are no fixed assets in the Company.
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| 2. Donations |
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|---|---|---|---|---|
| 2024 | ||||
| Unrestricted | Restricted | Total | 2023 | |
| Funds | Funds | |||
| Donations | 32,412 | 41,043 | 73,455 | 95,534 |
| 32,412 | 41,043 | 73,455 | 95,534 | |
| 3. Tax Recovered |
||||
| 2024 | ||||
| Unrestricted | Restricted | Total | 2023 | |
| Funds | Funds | |||
| Refund of Tax – Gift Aid | 3,191 | - | 3,191 | 3,487 |
| 3,191 | - | 3,191 | 3,487 | |
| 4. Other incoming Resources |
||||
| 2024 | ||||
| Unrestricted | Restricted | Total | 2023 | |
| Funds | Funds | |||
| Bank Interest | 526 | - | 526 | 282 |
| Sundry Income | - | - | - | 3,242 |
| 526 | - | 526 | 3,525 | |
| 5. Resources expended |
||||
| 2024 | ||||
| Unrestricted | Restricted | Total | 2023 | |
| Funds | Funds | |||
| Activities in furtherance of | ||||
| Charity’s objects: | ||||
| Local Papuan Salaries | 13,035 | 3,920 | 16,955 | 16,245 |
| Salary CEO | 11,592 | - | 11,592 | 12,654 |
| Pension contributions | 4,800 | - | 4,800 | 4,800 |
| National Insurance | 4,079 | - | 4,079 | 1,086 |
| Travel – Project support | - | 450 | 450 | - |
| Training costs | 151 | - | 151 | 220 |
| Project equipment and expenses | - | - | - | 8,632 |
| Project training costs | - | - | - | 4,000 |
| Fundraising consultancy | 7,455 | - | 7,455 | 4,043 |
| 41,112 | 4,370 | 45,482 | 51,680 |
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| Grants payable in furtherance of Charity Objects: Funds to Local NGO – IWatali Funds to Local NGO – Yasumat Support Costs: Papua Office Expenditure Papua Staff Equipment Overseas Travel Expenditure on managing the charity: UK Administration Expenses Bank Charges |
2024 Unrestricted Funds Restricted Funds Total 2023 24,720 21,625 46,345 32,200 - - - 5,700 |
|---|---|
| 24,720 21,625 46,345 37,900 |
|
| - - - 7,579 - 1,006 1,006 - 3,109 - 3,109 4,973 |
|
| 3,109 1,006 4,115 12,552 |
|
| 3,159 - 3,159 11,222 911 - 911 822 |
|
| 4,070 - 4,070 12,044 |
Other recognised gains/(losses)
There were no other recognised gains or losses in the year.
6. Staff Costs and Numbers
The charity currently employs one part time CEO in the UK and two full time personnel in West Papua.
| Costs were as follows: | 2024 | 2023 |
|---|---|---|
| Total Remuneration CEO | 20,471 | 18,540 |
| Employees in Papua | 16,955 | 16,245 |
7. Trustee Remuneration & Related Party Transactions
No members of the Board of Trustees received any remuneration or expenses during the year. No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year.
8. Taxation
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As a charity, Papua Partners Limited is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.
9. Fixed Assets
The Charity has no fixed assets.
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Independent Examlnerfs report to the Trustees of Papua Partners Limited I report on the accounts of Papua Partners Limited for the year ended 31 August 2024 which are set out on pages 10 to 17. Respective responsibilities of trustees and examiner The trustees {who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charits'es Act) and that an independent examination is needed. It is my responsibility to: Examine the accounts under section 145 of the CharFties Act. o To follow the procedures laid down in the General Directions given by the Charities Commission under section 145(5Xb} of the Charities Act: and To state whether particular matters have come to my attention. Basls of Independent examlner's statement My examination was carried out in accordan with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The prOdureS undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement b810w. Independent examinerfs statement In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect: Accounting records were not kept in accordance with section 386 of the Companies Act 2006: or The accounts do not accord with such records: or The accounts do not comply with the relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination: or The accounts have not been prepared in accordance with the Charities SORP (FRS102) I have come across no matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. lan Woodward FCCA lan Woodward Accountancy Limited, 57 High Street Rowley Regis West Midlands B65 OEH IAN WOODWARD ACCOUNTANCY LTD 57 HIGH STREET ROWLEY REGIS WEST MIDLANDS B65 OEH 0121 559 5438 Date: 0210512025 18