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Partner Africa (A company limited by guarantee) 

Report and Financial Statements for the financial year ended 31 December 2022 

_COMPANY NUMBER:  7770647 CHARITY NUMBER:  1144815_ 



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## **PARTNER AFRICA (A company limited by guarantee)** 

## **REPORTS AND FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022** 

|**CONTENTS**|**PAGE**|
|---|---|
|TRUSTEES AND OTHER INFORMATION|2|
|REPORT OF THE TRUSTEES|3 – 7|
|TRUSTEES’ RESPONSIBILITIES STATEMENT|8|
|INDEPENDENT AUDITORS’ REPORT|9 – 11|
|STATEMENT OF FINANCIAL ACTIVITIES|12|
|BALANCE SHEET|13|
|STATEMENT OF CASH FLOWS|14|
|NOTES TO THE FINANCIAL STATEMENTS|15 – 28|



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## **PARTNER AFRICA (A company limited by guarantee)** 

## **TRUSTEES AND OTHER INFORMATION** 

**TRUSTEES** Mr. Martin Ryan (Chair) Mr. David Governey (resigned 15[th] August 2022) Ms. Catherine Fitzgibbon Ms. Winifred Johansen Dr (Ms.) Chinyere Almona (appointed 21[st] Feb 2022) **SECRETARY** Mr. Peter McDevitt **REGISTERED OFFICE** Second Floor Westgate House Dickens Court Hills Lane Shrewsbury SY1 1QU **COMPANY NUMBER** 7770647 **CHARITY NUMBER** CHY 1144815 **AUDITORS** Deloitte Ireland LLP Chartered Accountants and Statutory Audit Firm Deloitte & Touche House Earlsfort Terrace Dublin 2 Ireland **BANKERS** Barclays Bank Plc P.O Box 89 Shrewsbury Shropshire SY1 2WQ **SOLICITORS** Withers LLP 16 Old Bailey London EC4M TEG 

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## **PARTNER AFRICA (A company limited by guarantee)** 

## **ANNUAL REPORT OF THE TRUSTEES FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022** 

The Trustees, who are also directors of the charitable company for the purposes of the Companies Act, present their annual report (including audited financial statements) of Partner Africa (the company) for the year ended 31 December 2022. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company’s governing document and the provisions of the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP 2019). 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **a. CONSTITUTION.** 

Partner Africa is a company limited by guarantee, not having a share capital, incorporated under the Companies Act 1985 (registered number 7770647). It was incorporated on 12[th ] September 2011. The company is registered as a charity with the Charity Commission for England and Wales (Charity Number 1144815). 

Partner Africa’s mission is to improve the working conditions and livelihoods of workers and producers in African supply chains through providing premium quality social audit, advisory and training services to business and other organisations. Partner Africa positively engages with clients to identify, address and report on the salient environmental, social and governance (ESG) risks in their organisation and supply chains and adopt responsible business practices. Partner Africa’s work is guided by the United Nations Guiding Principles on Business and Human Rights (UNGPs) and other international best practice standards. It works with companies, communities and governments to achieve its mission. Partner Africa has expertise in a number of industries, including agribusiness, apparel, manufacturing, services and extractives. 

Partner Africa does not have a shareholding structure, and its sole member is Gorta (trading as Self Help Africa), a company limited by guarantee, incorporated in Ireland (company number 105601) with registered offices at Kingsbridge House, 17-22 Parkgate Street, Dublin 8, and registered as a charity (charity number CHY6663). 

## **b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES** 

The Board is empowered to appoint new trustees to its ranks. As the sole member, Gorta Self Help Africa must ratify appointments. 

## **c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES** 

There is a Trustee Induction Policy and Programme in place to enable all Trustees to familiarise themselves with their duties and responsibilities, the Partner Africa governance framework and Partner Africa’s work overseas. Any relevant training requirements of trustees are facilitated by the organisation. 

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## **PARTNER AFRICA (A company limited by guarantee)** 

## **ANNUAL REPORT OF THE TRUSTEES FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022** 

## **d. ORGANISATIONAL STRUCTURE AND DECISION MAKING** 

Partner Africa has registered branches in England, Kenya and South Africa. Its ethical audit hub is based in Cape Town, its responsible business advisory hub is based in London, England and its operational hub in Nairobi, Kenya. The trustees have oversight of the company’s activities and financial position. The management team deals with the day-to-day operation of the company. 

## **e. RISK MANAGEMENT** 

The trustees have responsibility for, and are aware of the risks associated with, the operating activities of Partner Africa. They are confident that adequate systems of internal control are in place and that these controls provide reasonable assurance against such risks. 

## **OBJECTIVES AND ACTIVITIES** 

## **a. OBJECTIVES** 

Partner Africa is a pioneer in the field of ethical and socially responsible business practice that delivers high quality and innovative ethical audit and responsible business advisory services to clients. 

Partner Africa is driven by a social mission to improve the livelihoods of workers and producers, while assisting access to international supply chains and bridging the skills and standards gap between Africa and the international community. 

## **b. ACTIVITIES** 

## **1. Supporting clients identify the salient labour issues in their supply chains through Ethical Audits & Assessments** 

The focus of much of Partner Africa’s work is conducting high quality, worker- centred ethical audits in order to assess the working conditions in factories and farms throughout Africa and identify the salient labour issues for its clients. All ethical audits involve assessing suppliers against the ILO conventions: -  child labour will not be used; freedom of association; no excessive working hours, no discrimination, employment is freely chosen, workers are paid a minimum/living wage; working condition are safe & hygienic, regular employment is provided and no harsh or inhumane treatment is allowed 

Partner Africa also undertakes Small Producer Assessments to assess the ethical standards of small producers feeding into export supply chains. Applying codes of conduct to informal and often family run businesses is a complex process. We seek to establish the characteristics, needs and priorities of small producers and their workers, and outline recommendations to maintain standards required as well as to help improve livelihoods. 

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## **PARTNER AFRICA (A company limited by guarantee)** 

## **ANNUAL REPORT OF THE TRUSTEES FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022** 

## **2. Addressing the root causes through providing training and advisory services to clients** 

Partner Africa takes a ‘positive engagement’ approach to its work and is committed to forming partnerships with its clients to address the root causes of the salient labour issues identified during ethical audit. With our Pan-Africa reach and experienced local teams in 23 countries we can deliver a wide range of high-end advisory services to international brands and retailers, as well as governments and NGOs. Our advisory services allow clients to draw upon our knowledge of local capabilities, labour codes and culture to develop programmes that enable them to prevent and remediate non-compliances identified in their operations and supply chain. Our advisory services include: 

- **Human Rights Risk Assessment** s which enable clients to understand the impact of the operations and supply chains on human rights and understand the associate risks 

- **In-depth research.** Partner Africa carries out long term, in depth research into targeted issues within supply chains across Africa including forced labour, child labour, sexual harassment and discrimination. The research findings are used to help companies develop an in-depth understanding of issues in their supply chains and tailor policies and systems to support global efforts to eradicate the worst forms of child labour, forced labour and modern slavery and land grabbing. Partner Africa has also carried out baseline and end line studies to determine the impact of potential or current sourcing strategies within a supply chain or community. 

- **Training and supplier forums.** To help clients improve their understanding of responsible business, prevent and remediate non- compliances Partner Africa offers a range of training programmes for suppliers in Africa that are part of international supply chains. In 2022 this included hosting a series of workshops for AIM-Progress members- a network of fast-moving consumer goods and the Ethical Trade Initiative (ETI).  The focus of the training is for suppliers to exchange best practice around the prevention and remediation of non- compliance issues and develop practical solutions to their issues. 

- **Supporting companies develop responsible business programmes and policies** that enable them to be responsible and be compliant with the UNGP’s on Business and Human Rights 

- **Impact assessments and Reporting.** Partner Africa is committed to supporting clients assess the impact of their responsible business programmes and preparing high quality and robust reports. Partner Africa’s team have experience of preparing and reviewing modern slavery reports, ethical trade initiative (ETI) reports, UN Global Compact reports and the organisation of stakeholder panels. 

- **Trade development projects.** In 2022 Partner Africa continued to engage in some trade develop programmes that aimed to improve access to markets for smallholders and traders. These programmes however ended in 2022. 

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## **PARTNER AFRICA (A company limited by guarantee)** 

**ANNUAL REPORT OF THE TRUSTEES FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022** 

## **PARTNER AFRICA ANNUAL UPDATE  2022** 

## **a. GENERAL SUMMARY** 

In 2022 the focus of Partner Africa work was to invest in creating a robust and resilient business for the future which included:- 

- Developing a new 5 year strategy for Partner Africa for the period January 2023- December 2028 

- Investing in a marketing and communications programme to promote the work of Partner Africa and growth business 

- Investing in new senior positions in the audit team including a full time quality manager to improve the robustness of the programme 

- Investing in gaining ISO certification to enable Partner Africa to expand the types of audits and certification that it can undertake including Global Gap audits 

- Strengthening and expanding the advisory programme through engaging a series of senior advisory consultants to deliver high quality programmes 

A reduction in the short term Trade Development Projects contributed to a decline of 11% in overall revenue for the year. However more importantly the investments made in 2022 resulted in an increase of 8% in audit revenue and 19% in advisory revenue. In 2022 Partner Africa generated a total income of £1,982,220.  In 2022 total expenses incurred by the organisation was £2,100,664. Overall in 2022 Partner Africa made a loss before tax of £118,444. 

In 2022 Partner Africa conducted 926 social audits through sub- Sahara Africa and South Africa. It also undertook 23 advisory assignments which included two grants from IDH- The Sustainable Trade Initiative and another from Government of the Netherlands. In 2022 Partner Africa also developed its new 5 year strategy for the organisation from the period January 2023 onwards. 

## **b. FINANCE AND OPERATIONS** 

Over the last year Partner Africa continued to build the capacity of its Finance and Operations programme and recruited a senior financial advisor to review its processes and structure to ensure they were efficient, effective and appropriate to the size and work of the organisation. 

## **c. PARTNER AFRICA BURUNDI OPERATIONS** 

During the year, PA Burundi registration status and operations were officially transferred to SHA. This included a net transfer of bank and cash balance of £49,117. 

## **d. PLANS FOR 2023** 

Over the next 12 months Partner Africa plans to continue to grow the core parts of its business i.e. ethical audits and responsible business advisory. In addition, it will expand its audit programme to include global gap assessments and as part of this gain ISO accreditation which will further strengthen the robustness of the organisation. 

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## **PARTNER AFRICA (A company limited by guarantee)** 

## **ANNUAL REPORT OF THE TRUSTEES FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022** 

## **GOING CONCERN** 

The organisation’s forecasts and projections show that the organisation will be able to operate within the level of its current cash and investment resources. The Board have a reasonable expectation that the organisation has adequate resources to continue in operational existence for a period of at least 12 months from the date of approval of these financial statements. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.  Further details regarding the adoption of the going concern basis is included in Note 2b. 

## **POLITICAL DONATIONS** 

No political donations were made during the year. 

## **POST BALANCE SHEET EVENTS** 

No events have occurred since the balance sheet date that require adjustment or disclosure. 

## **DISCLOSURE OF INFORMATION TO AUDITORS** 

Each of the persons who are directors at the time when this Directors’ report is approved has confirmed that: 

- (1)  So far as the director is aware, there is no relevant audit information of which the company’s auditors are unaware; and 

- (2)  The director has taken all the steps that he/she ought to have taken as a director to make himself/herself aware of any information needed by the company’s auditors about preparing their report and to establish that the company’s auditors are aware of the information. 

This confirmation is given and should be interpreted in accordance with the provisions of section 418 of the Companies Act 2006. 

In preparing this report, the Trustees have taken advantage of the small companies’ exemptions provided by section 415A of the Companies Act 2006. 

## **AUDITORS** 

Deloitte Ireland LLP were appointed as the company’s auditor for the financial year. A resolution for the reappointment of Deloitte Ireland LLP will be proposed at the forthcoming AGM. 

This report was approved by the Trustees and signed on their behalf, by: 

Mr. Martin Ryan - Trustee 


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## **PARTNER AFRICA (A company limited by guarantee)** 

## **TRUSTEES’ RESPONSIBILITIES STATEMENT FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022** 

The trustees (who are also directors of Partner Africa for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and regulations. 

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”. Under company law, the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the net income or expenditure of the charitable company for that period. In preparing these financial statements, the trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP; 

- make judgements and accounting estimates that are reasonable and prudent; 

- state whether applicable UK Accounting Standards have been followed subject to any material departures disclosed and explained in the financial statements; and 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. 

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They 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. 

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. 

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Deloitte Ireland LLP Chartered Accountants & Statutory Audit Firm 


## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF PARTNER AFRICA** 

## **Report on the audit of the financial statements** 

## **Opinion** 

In our opinion the financial statements of Partner Africa (the ‘charitable company’): 

- give a true and fair view of the state of the charitable company’s affairs as at 31 December 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice including Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”; and 

- have been prepared in accordance with the requirements of the Companies Act 2006. 

- We have audited the financial statements which comprise: 

- the statement of financial activities (including the income and expenditure account); 

- the balance sheet; 

- the statement of cash flows; and 

- the related notes 1 to 20. 

The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice). 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. 

We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the Financial Reporting Council’s (the ‘FRC’s’) Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **Conclusions relating to going concern** 

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the trustees’ responsibilities with respect to going concern are described in the relevant sections of this report. 

## **Other information** 

The other information comprises the information included in the Reports and Financial Statements for the financial year ended 31 December 2022, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the Reports and Financial Statements. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. 

_Continued on next page/_ 

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_/Continued from previous page_ 

## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF PARTNER AFRICA** 

## **Responsibilities of trustees** 

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purpose of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. 

## **Auditor’s responsibilities for the audit of the financial statements** 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

A further description of our responsibilities for the audit of the financial statements is located on the FRC’s website at: www.frc.org.uk/auditorsresponsibilities.This description forms part of our auditor’s report. 

## _**Extent to which the audit was considered capable of detecting irregularities, including fraud**_ 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. 

We considered the nature of the charitable company’s industry and its control environment, and reviewed the charitable company’s documentation of their policies and procedures relating to fraud and compliance with laws and regulations. We also enquired of management, internal audit and the directors about their own identification and assessment of the risks of irregularities, including those that are specific to the charitable company’s business sector. 

We obtained an understanding of the legal and regulatory frameworks that the charitable company operates in, and identified the key laws and regulations that: 

- had a direct effect on the determination of material amounts and disclosures in the financial statements. These included UK Companies Act, Charities Act 2011, pensions legislation and tax legislation. 

- do not have a direct effect on the financial statements but compliance with which may be fundamental to the charitable company’s ability to operate or to avoid a material penalty. These included UK employment law and the Data Protection Act 2018. 

We discussed among the audit engagement team regarding the opportunities and incentives that may exist within the organisation for fraud and how and where fraud might occur in the financial statements. 

As a result of performing the above, we identified the greatest potential for fraud in the following areas, and our specific procedures performed to address it are described below: 

Completeness, accuracy and occurrence of income: 

- We assessed the design and determined the implementation of the key controls over income recognition process; and 

- Performed substantive procedures on a sample basis to assess appropriate of income recognition. 

In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments; assessed whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business. 

_Continued on next page/_ 

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_/Continued from previous page_ 

## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF PARTNER AFRICA** 

_**Extent to which the audit was considered capable of detecting irregularities, including fraud (continued)**_ 

In addition to the above, our procedures to respond to the risks identified included the following: 

- reviewing financial statement disclosures by testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; 

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; 

- enquiring of management and the group audit finance & risk committee concerning actual and potential litigation and claims, and instances of non-compliance with laws and regulations in this charitable company; and 

- reading minutes of meetings of those charged with governance and reviewing internal audit reports. 

## **Report on other legal and regulatory requirements** 

## **Opinions on other matters prescribed by the Companies Act 2006** 

In our opinion, based on the work undertaken in the course of the audit: 

- the information given in the report of trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- the report of trustees has been prepared in accordance with applicable legal requirements. 

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified any material misstatements in the report of trustees. 

## **Matters on which we are required to report by exception** 

Under the Companies Act 2006 we are required to report in respect of the following matters if, in our opinion: 

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- certain disclosures of trustees’ remuneration specified by law are not made; or 

- we have not received all the information and explanations we require for our audit; or 

- the trustees were not entitled to take advantage of the small companies’ exemption in preparing the report of trustees and from the requirement to prepare a strategic report. 

- We have nothing to report in respect of these matters. 

## **Use of our report** 

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed. 


Heather Doolin (Senior statutory auditor) For and on behalf of Deloitte Ireland LLP Statutory Auditor 

Deloitte & Touche House, 29 Earlsfort Terrace, Dublin 2, D02 AY28, Republic of Ireland 

19 December 2023 

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## **PARTNER AFRICA (A company limited by guarantee)** 

## **STATEMENT OF FINANCIAL ACTIVITIES (Including the income and expenditure account) FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022** 

|_Notes_<br>**INCOME**<br>_3_<br>**Total**<br>**EXPENDITURE**<br>**ON**<br>Charitable<br>activities<br>_4_<br>**Total**<br>_6_<br>**Net Income**<br>**(expenditure)**<br>_7_<br>Taxation<br>_9_<br>**Net movement**<br>**in funds**<br>_14_<br>**RECONCILIATION**<br>**OF FUNDS**<br>Total funds<br>brought forward<br>_14_<br>**Total funds**<br>**carried forward**<br>_14_|**Restricted**<br>**funds**<br>**2022**<br>**£**<br>**353,230**<br>**353,230**<br>**353,230**<br>**353,230**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**|**Unrestricted**<br>**funds**<br>**2022**<br>**£**<br>**1,628,990**<br>**1,628,990**<br>**1,747,434**<br>**1,747,434**<br>**(118,444)**<br>**134**<br>**(118,310)**<br>**394,005**<br>**275,695**|**Total**<br>**funds**<br>**2022**<br>**£**<br>**1,982,220**<br>**1,982,220**<br>**2,100,664**<br>**2,100,664**<br>**(118,444)**<br>**134**<br>**(118,310)**<br>**394,005**<br>**275,695**|Restricted<br>funds<br>2021<br>£<br>**745,722**<br>**745,722**<br>**745,722**<br>**745,722**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**|Unrestricted<br>funds<br>2021<br>£<br>**1,491,556**<br>**1,491,556**<br>**1,472,070**<br>**1,472,070**<br>**19,486**<br>**(9,599)**<br>**9,887**<br>**384,118**<br>**394,005**|Total<br>funds<br>2021<br>£<br>**2,237,278**|
|---|---|---|---|---|---|---|
|||||||**2,237,278**|
|||||||**2,217,792**|
|||||||**2,217,792**|
|||||||**19,486**<br>(9,599)|
|||||||9,887<br>**384,118**|
|||||||**394,005**|



There are no other recognised gains or losses other than those listed above and the net income for the financial year. All income and expenditure derives from continuing activities. 

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## **PARTNER AFRICA (A company limited by guarantee)** 

## **BALANCE SHEET AS AT 31 DECEMBER 2022** 

|_Notes_<br>**FIXED ASSETS**<br>Tangible fixed assets<br>_10_<br>**CURRENT ASSETS**<br>Debtors<br>_11(a)_<br>Cash at bank and in hand<br>_11(b)_<br>**CREDITORS:**Amounts falling due within one year<br>_12_<br>**NET CURRENT ASSETS**<br>**TOTAL ASSETS LESS CURRENT LIABILITIES**<br>**NET ASSETS**<br>**FUNDS OF THE CHARITY**<br>Unrestricted funds<br>_14_<br>**TOTAL FUNDS**|**2022**<br>**£**<br>**23,397**<br>**115,358**<br>**558,379**<br>  <br>**673,737**<br>**(421,439)**<br>**252,298**<br>**275,695**<br>**275,695**<br>**275,695**<br>**275,695**|2021<br>£<br>**22,383**<br>**213,638**<br>**775,959**<br>**989,597**<br>**(617,975)**<br>**371,622**<br>**487,143**<br>**394,005**<br>**394,005**<br>**394,005**|
|---|---|---|



���������������� 

The financial statements were approved by the Trustees on …………..…………………. and signed on their behalf, by: 


____________________ Mr. Martin Ryan Trustee 

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## **PARTNER AFRICA (A company limited by guarantee)** 

## **STATEMENT OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022** 

|_Note_<br>**Cash flows from charitable activities**<br>Net cash generated by charitable activities<br>_15_<br>**Cash flows from investing activities**<br>Purchase of tangible fixed assets<br>_10_<br>**Net cash provided by investing activities**<br>**(Decrease)/increase in cash and cash equivalents in the**<br>**reporting year**<br>**Cash and cash equivalents at beginning of the**<br>**reporting year**<br>**Cash and cash equivalents at end of the**<br>**reporting year**<br>**Reconciliation to cash at bank and in hand**<br>**Cash and cash equivalents at end of financial year**<br>_16_|**2022**<br>**£**<br>**(207,978)**<br>**(9,602)**<br>**(9,602)**<br>**(217,580)**<br>**775,959**<br>**558,379**<br>**558,379**|2021<br>£<br>**143,057**<br>**(6,797)**<br>**(6,797)**<br>**136,260**<br>**639,699**<br>**775,959**<br>**775,959**|
|---|---|---|



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## **PARTNER AFRICA** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022** 

## **1. ACCOUNTING POLICIES** 

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and the preceding year. 

## **Basis of preparation of financial statements** 

Partner Africa is a company incorporated in the UK under the Companies Act 2006. The address of the registered office is Second Floor Suite, Westgate House, Dickens Court, 25 Hills Lane, Shrewsbury, Shropshire, SY1 1QU. The nature of the company’s operations and its principal activities are set out in the Report of the Trustees on pages 3 to 9. 

In accordance with Section 60 of the Companies Act, 2006, the company is exempt from including the word "Limited" in its name. The company is limited by guarantee and has no share capital. 

The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP 2019) “Accounting and Reporting by Charities”, in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), issued by the Financial Reporting Council and the Companies Act 2006. 

The functional currency of Partner Africa is considered to be pounds sterling because that is the currency of the primary economic environment in which the company operates. 

## **Company status** 

The company is a company limited by guarantee. The sole member of the company is Self Help Africa, a charitable company registered in Ireland. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company. 

## **Going Concern** 

The organisation’s forecasts and projections, taking account of reasonable possible changes in performance, show that the organisation will be able to operate within the level of its current cash resources. The Board have a reasonable expectation that the organisation has adequate resources to continue in operational existence for a period of at least 12 months from the date of approval of these financial statements. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.  Further details regarding the adoption of the going concern basis is included in Note 2b. 

## **Fund accounting** 

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. 

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. 

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## **PARTNER AFRICA** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022** 

## **1. ACCOUNTING POLICIES (CONTINUED)** 

## **Fund accounting (Continued)** 

Restricted funds are funds, which are to be used in accordance with specific restrictions imposed by donors, which have been raised by the company for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 

## **Income** 

All income and endowments are included in the Statement of Financial Activities when the company is legally entitled to the income and the amount can be quantified with reasonable accuracy. Income in respect of ethical trade assignments is deferred until such time as the assignment occurs and the related expenditure is incurred. 

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. No amounts are included in the financial statements for services donated by volunteers. 

Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party. 

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 

## **Expenditure** 

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities, they have been allocated on a basis consistent with the use of the resources. 

Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements. 

## **Turnover** 

Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts. 

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## **PARTNER AFRICA** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022** 

## **1. ACCOUNTING POLICIES (CONTINUED)** 

## **Tangible fixed assets and depreciation** 

All assets costing more than £500 are capitalised. 

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at annual rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: 

|Motor vehicles|-|25% straight line|
|---|---|---|
|Computer Equipment|-|33 1/3% straight line|
|Furniture, fittings etc|-|12 1/2% straight line|



## **Taxation** 

Partner Africa is a registered charity with the UK Charities Commission. Tax provided for in the financial statements relates to the Kenyan branch of Partner Africa. The tax expense for the financial year comprises current tax. Tax is recognised in the Statement of Financial Activities. 

## **Current Tax** 

Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. 

## **Deferred Tax** 

Deferred tax is provided using the liability method for all temporary timing differences arising between tax bases of assets and liabilities and their carrying values for financial reporting purposes. Currently enacted tax rates are used to determine deferred tax rates. Deferred tax assets are recognised only to the extent that it is probable that future taxable profits will be available against which temporary timing differences will be utilised. 

## **Financial instruments** 

Financial assets and financial liabilities are recognised when the charitable company becomes a party to the contractual provisions of the instrument. Financial liabilities are classified according to the substance of the contractual arrangements entered into. 

## _(i) Financial assets and liabilities_ 

All financial assets and liabilities are initially measured at transaction price (including transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. 

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## **PARTNER AFRICA** 

## **(A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022** 

## **1. ACCOUNTING POLICIES (CONTINUED)** 

## **Financial instruments (Continued)** 

## _(i) Financial assets and liabilities (Continued)_ 

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charitable company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charitable company, despite having retained some significant risks and rewards of ownership, has transferred control of the asset to another party and the other party has the practical ability to sell the asset in its entirety to an unrelated third party and is able to exercise that ability unilaterally and without needing to impose additional restrictions on the transfer. 

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. Balances that are classified as payable or receivable within one year on initial recognition are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment. 

## **Operating leases** 

Rentals under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term. 

## **Foreign currencies** 

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date. 

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. 

Exchange gains and losses are recognised in the Statement of Financial Activities. 

## **Pensions** 

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the period. 

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## **PARTNER AFRICA (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022** 

## **2a. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY** 

In the application of the company’s accounting policies, which are described in note 1, the trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. Information about critical judgements in applying accounting policies that have the most significant effect on the amounts recognised in the financial statements is included in the accounting policies and notes to the financial statements. 

The trustees do not consider there are any critical judgements or sources of estimation requiring disclosure other than the going concern assumptions which are detailed further in note 2b. 

## **2b. GOING CONCERN** 

The organisation recorded a unrestricted deficit of £118K in 2022, the trustees have reasonable expectation that the organisation has adequate resources to continue in operational existence for a period of at least 12 months from the date of approval of the financial statements. 

The organisation has an unrestricted reserves figure of £276k at year end. The Gorta Group has also committed to provide financial support to Partner Africa (should it be required) for a period of not less that twelve months from the approval of the financial statements. This gives the trustees comfort in continuing to adopt the going concern basis in preparing the annual financial statements. 

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## **PARTNER AFRICA** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022** 

## **3. INCOME** 

Income is earned from the delivery of ethical trade services and capacity building programmes in Africa as follows: 

|Audit Income<br>Advisory Income<br>Trade Development Projects<br>Other Income|**2022**<br>**£**<br>**1,178,283**<br>**391,668**<br>**353,230**<br>**59,039**<br>**1,982,220**|2021<br>£<br>**1,090,970**<br>**330,306**<br>**769,376**<br>**46,626**|
|---|---|---|
|||**2,237,278**|



Classification of restricted funding has been introduced in 2021 and restricted funds related to Trade Development Projects of €353,230 in 2022 (2021: €745,722) and the remaining balances were unrestricted funds. 

## **4. CHARITABLE ACTIVITIES** 

## **5.** 

|**CHARITABLE ACTIVITIES**||||
|---|---|---|---|
|Ethical Audits<br>Trade Development Projects<br>Advisory Services<br>Support Costs (Note 5)<br>**SUPPORT COSTS**<br>Audit Fees<br>Legal Fees<br>Other Governance Costs|**Restricted**<br>**Unrestricted**<br>**Funds**<br>**Funds**<br>**2022**<br>**2022**<br>**£**<br>**£**<br>-<br>1,272,739<br>353,230<br>28,316<br>-<br>423,066<br>-<br>23,313<br> <br>**353,230**<br>**1,747,434**<br>**Restricted**<br>**Unrestricted**<br>**Funds**<br>**Funds**<br>**2022**<br>**2022**<br>**£**<br>**£**<br>-<br>**14,631**<br>-<br>**483**<br>-<br>**8,199**<br> <br>-<br>**23,313**|**Total**<br>**Funds**<br>**2022**<br>**£**<br>**1,272,739**<br>**381,546**<br>**423,066**<br>**23,313**<br>**2,100,664**<br>**Total**<br>**Funds**<br>**2022**<br>**£**<br>**14,631**<br>**483**<br>**8,199**<br>**23,313**|Total<br>Funds<br>2021<br>£<br>**1,096,412**<br>**773,214**<br>**331,954**<br>**16,212**<br>**2,217,792**|
||||Total<br>Funds<br>2021<br>£<br>**14,823**<br>**853**<br>**536**<br>**16,212**|



## **SUPPORT COSTS** 

The basis of allocation of the support costs identified above is the percentage of time spend on each activity. 

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## **PARTNER AFRICA** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022** 

## **6. ANALYSIS OF EXPENDITURE BY TYPE** 

|**Staff costs**<br>**Depreciation**<br>**Other costs**<br>**2022**<br>**2022**<br>**2022**<br>**£**<br>**£**<br>**£**<br>Ethical Audits<br>333,661<br>**5,569**<br>**933,509**<br>Trade Development<br>Projects<br>100,026<br>**1,669**<br>**279,851**<br>Advisory Services<br>110,911<br>**1,851**<br>**310,304**<br>Support Costs (Note 5)<br>-<br>**-**<br>**23,313**<br>**544,598**<br>**9,089**<br>**1,546,977**|**Total**<br>**2022**<br>**£**<br>**1,272,739**<br>**381,546**<br>**423,066**<br>**23,313**<br>**2,100,664**|Total<br>2021<br>£<br>**1,096,412**<br>**773,214**<br>**331,954**<br>**16,212**|
|---|---|---|
|||**2,217,792**|



## **7. NET (EXPENDITURE) / INCOME BEFORE TAXATION** 

This is stated after charging: 

|This is stated after charging:|||
|---|---|---|
||**2022**|2021|
||**£**|£|
|Depreciation of tangible fixed assets|**9,089**|**8,797**|
|Auditors' remuneration|**8,757**|**9,302**|
|Auditors' remuneration – other overseas auditors for branches|**5,874**|**5,521**|
|Pension costs|**40,310**|**31,334**|



No trustees received any remuneration (2021: £Nil) or any benefits in kind (2021: £Nil). 

During the year, £201 was reimbursed to trustees for travel expenses during the year (2021 – £230). 

Auditor’s remuneration of £14,631 in 2022 consists of £8,757 for the services of Deloitte Ireland LLP, in respect of the 2022 statutory audit and £4,074 paid to PKF Kenya in relation to the 2022 audit of the Kenyan branch and £1,800 in relation to South Africa branch audit. 

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## **PARTNER AFRICA** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022** 

## **8. STAFF COSTS** 

Staff costs were as follows: 

|Wages and salaries<br>Social security costs<br>Other pension costs|**2022**<br>**£**<br>**476,381**<br>**27,907**<br>**40,310**<br>**544,598**|2021<br>£<br>**395,565**<br>**21,161**<br>**31,334**|
|---|---|---|
|||**448,060**|



The average monthly number of employees employed during the year was 24 (2021: 20). 

During the year, two employees received remuneration between £60,000 and £80,000 (2021: £60,000 and £70,000). 

The total remuneration for key management personnel for the financial year amounted to £314,783 (2021: £228,207). 

## **9. TAXATION** 

Tax charge has been provided in the accounts of Partner Africa’s Kenya Branch as follows: 

||**2022**|2021|
|---|---|---|
||**£**|£|
|Current tax charge|**134**|**9,599**|



The current tax charge and related deferred tax asset in 2022 relates to accumulated losses at the Kenyan branch of Partner Africa. 

Partner Africa has been granted charitable tax exempt status by the HMRC and therefore no provision for UK corporation tax is required. 

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## **PARTNER AFRICA (A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022** 

## **10. TANGIBLE FIXED ASSETS** 

|**Cost:**<br>At 1 January 2022<br>Additions<br>Disposals<br>Foreign exchange translation<br>**At 31 December 2022**<br>**Depreciation:**<br>At 1 January 2022<br>Charge for the year<br>Disposals<br>Foreign exchange translation<br>**At 31 December 2022**<br>**Net book value:**<br>**At 31 December 2022**<br>At 31 December 2021<br>**11 (a).   DEBTORS**<br>Trade debtors<br>Other debtors<br>Prepayments and accrued income<br>Deferred tax|**Office**<br>**Motor**<br>**Furniture &**<br>**Vehicles**<br>**Equipment**<br>**£**<br>**£**<br>15,991<br>69,844<br>-<br>9,602<br>-<br>(782)<br>370<br>1,107<br> <br> <br>**16,361**<br>**79,771**<br> <br> <br>15,991<br>47,461<br>-<br>9,089<br>-<br>(782)<br>370<br>606<br> <br> <br>**16,361**<br>**56,374**<br> <br> <br>**-**<br>**23,397**<br> <br> <br>-<br>22,383<br> <br> <br>**2022**<br>**£**<br>**51,332**<br>-<br>**40,038**<br>**23,988**<br>**115,358**|**Total**<br>**£**<br>85,835<br>9,602<br>(782)<br>1,477<br> <br>**96,132**<br> <br>63,452<br>9,089<br>(782)<br>976<br> <br>**72,735**<br>**23,397**<br> <br>22,383<br>2021<br>£<br>**124,470**<br>**145**<br>**22,934**<br>**66,089**<br>**213,638**|
|---|---|---|



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## **PARTNER AFRICA (A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022** 

|**11 (b).  CASH AND CASH EQUIVALENTS**<br>**2022**<br>**£**<br>Cash at bank and in hand<br>**558,379**<br> <br>For the purpose of statements of cash flows, the year end cash and cash equivalents<br>Comprise the following:<br>Cash at bank and in hand<br>**558,379**<br>Less: restricted bank balances<br>**(1,630)**<br>**556,749**<br>|2021<br>£<br>**775,959**<br>**775,959**<br>**(146,616)**<br>**629,343**|
|---|---|



Restricted bank balances are funds received for the designated projects thus the amounts are not available for the normal operation of the company. 

|**12.**<br>**CREDITORS:**(Amounts falling due within one year)<br>Trade creditors<br>Other creditors<br>VAT payable<br>Accruals and deferred income<br>Deferred income on TMEA Grant<br>Due to parent company|**2022**<br>**£**<br>**51,602**<br>**106,769**<br>**602**<br>**194,945**<br>**50,747**<br>**16,774**<br>**421,439**|2021<br>£<br>**56,992**<br>**100,333**<br>**193**<br>**220,703**<br>**146,616**<br>**93,138**<br>**617,975**|
|---|---|---|



The amounts due to parent company is interest fee and repayable on demand. 

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## **PARTNER AFRICA** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022** 

## **13. FINANCIAL INSTRUMENTS** 

|The carrying value of the company’s financial assets and liabilities are summarised by category below:|The carrying value of the company’s financial assets and liabilities are summarised by category below:|The carrying value of the company’s financial assets and liabilities are summarised by category below:|
|---|---|---|
||**2022**|2021|
||**£**|£|
|**Financial Assets**|||
|_Measured at undiscounted amount receivable_|||
|�<br>Trade debtors|**51,332**|**124,470**|
|**Financial Liabilities**|||
|_Measured at undiscounted amount payable_|||
|�<br>Trade creditors|**51,602**|**56,992**|
|�<br>Amounts owed to parent undertaking|**16,774**|**93,138**|



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## **PARTNER AFRICA (A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022** 

## **14. FUNDS OF THE CHARITY** 

## **(i) Reconciliation of funds:** 

**Total unrestricted funds** 

|Opening balance at 1 January<br>Net (expenditure) / income for the year<br>**Closing balance at 31 December**|**2022**<br>**£**<br>**394,005**<br>**(118,310)**<br>**275,695**|2021<br>£<br>**384,118**<br>**9,887**<br>**394,005**<br>|
|---|---|---|



## **ii) Analysis of net assets between funds:** 

||**Restricted**|**Unrestricted**|**Total**|Total|
|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|Funds|
||**2022**|**2022**|**2022**|2021|
||**£**|**£**|**£**|£|
|Tangible fixed assets|-|23,397|**23,397**|**22,383**|
|Current assets|-|673,737|**673,737**|**989,596**|
|Trade and other creditors|-|(370,692)|**(370,692)**|**(471,358)**|
|Deferred income on TMEA Grant|-|(50,747)|**(50,747)**|**(146,616)**|
||_________|________|_________|_________|
||-|**275,695**|**275,695**|**394,005**|
|**(iii) Movement in funds:**|||||
||**Balance**|**Income**|**Expenditure**|**Balance**|
||**01/01/2022**|||**31/12/2022**|
||**£**|**£**|**£**|**£**|
|Unrestricted funds|394,005|1,628,990|1,747,300|275,695|
|Restricted funds|**-**|353,230|353,230|**-**|
||**________**|**_________**|**_________**|**_________**|
||**394,005**|**1,982,220**|**2,100,664**|**275,695**|
||**Balance**|**Income**|**Expenditure**|**Balance**|
||**01/01/2021**|||**31/12/2021**|
||**£**|**£**|**£**|**£**|
|Unrestricted funds|384,118|1,491,556|1,481,669|**394,005**|
|Restricted funds|-|745,722|745,722|**-**|
||**__________**|**_________**|**_________**|**________**|
||384,118|2,237,278|2,227,391|394,005|



26 



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## **PARTNER AFRICA** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022** 

|**15.**|**RECONCILIATION OF NET (EXPENDITURE)/ INCOME**|**RECONCILIATION OF NET (EXPENDITURE)/ INCOME**|**TO NET**|**CASH INFLOW FROM**|**CHARITABLE**|
|---|---|---|---|---|---|
||**ACTIVITIES**|||||
|||||**2022**|2021|
|||||**£**|£|
||**NET (EXPENDITURE)/ INCOME FOR THE REPORTING YEAR**|||||
||**(as per the Statement of Financial Activities)**|||**(118,310)**|**9,887**|
||_Adjustments for:_|||||
||Depreciation|||**9,089**|**11,577**|
||Movement in debtors|||**98,279**|**110,773**|
||Movement in creditors|||**(196,535)**|**12,981**|
||Foreign exchange on consolidation|||**(501)**|**(2,161)**|
||**NET CASH FLOWS FROM CHARITABLE ACTIVITIES**|||**(207,978)**|**143,057**|
|**16.**|**ANALYSIS OF CHANGES IN CASH AND CASH EQUIVALENTS**|||||
||At 1|January||Cashflows|**At 31 December**|
|||2022||2022|**2022**|
||||£|£|**£**|
||Cash at bank and in hand|**775,959**||**(217,580)**|**558,379**|



## **17. COMMITMENTS** 

|At 31 December 2022 the company had total future minimum commitments under non-cancellable|At 31 December 2022 the company had total future minimum commitments under non-cancellable|At 31 December 2022 the company had total future minimum commitments under non-cancellable|
|---|---|---|
|operating leases as follows:|||
||**2022**|2021|
||**£**|£|
|Within 1 year|**23,876**|**31,559**|
|Between 1 and 5 years|-|**27,565**|
||**23,876**|**59,124**|



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## **PARTNER AFRICA (A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022** 

## **18. PENSION COMMITMENTS** 

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions paid by the company to the fund and amounted to £41,310 (2021: £31,334). 

## **19. ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY** 

The results of Partner Africa are consolidated into the financial statements of Gorta (trading as Gorta Self Help Africa). The trustees consider that Gorta is the charity’s ultimate holding company. Copies of the group financial statements of Gorta may be obtained from the charity’s registered office at Kingsbridge House, 17 – 22 Parkgate Street, Dublin 8. 

During the year, Gorta Self Help Africa (SHA) incurred a net of £268,359 commitments rebilled to Partner Africa and received a net of £295,606 from commitments to Partner Africa (2021: £160,369) No funds were transferred to Partner Africa from SHA (2021: £Nil). The balance due to Gorta Self Help Africa at 31 December 2022 from normal operations was £65,891 (2021: £93,138). £49,117 was owed by SHA being transfer of TMEA Burundi fund balance. The net balance owing to Gorta Self Help Africa was £16,774 (2021: £93,138). 

## **20. SUBSEQUENT EVENTS** 

No events have occurred since the balance sheet date that require adjustment or disclosure. 

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