2023-12-31-accounts

REG￿ERED CHARrrrf IlUM8ER: 297391 Report of the Trustees and Financial Ststements for The Year Ended 31 De￿nber 2023 Partners For Change Ethiopia

PARThtRS FOR tsIw4GE EtHIOPlA C•ntents of the FiThanoal StstÈmÈnts for the Year Ended 31 DECEMBER 2023 Ltyal and fv41minixrf1￿ Tnfcrn￿ Ilrtxyt of the Tr4 Valance io ft) thp. Fift)no￿ Siaterwts 11.16

PAmEkS FOA CHANGE fnii¢JpiA eglster¢d Cfr4rlry Nunthr 297391 197 Cts5e Rowj gaff¢rdsh W57 OEB Tru5t• ThE Ctr P￿5 Aoy Warde ryB Sar￿} P&rrtt )jhn￿ Christinp Brwi gelo Aoby)n Prouu Ir•depe*nt Ex•wlner Th)mJs Op PPS Actbuntrants 11 Court Èankw¥ ikl & Co. Paee 3

PARTNERS FOR CHANGE EfHZI)PIA REPORT IY The TRUSTEES FOR THE YEAR ENDED 31 DECEMtsÉA 2023 TTuStrts thRir rpwrt aryl P￿r￿ne0 fina￿101 5t3ten￿nts (rf the tsity tor thc 31 DÈctrnb•r 21)2.1. The Tru&ees ath)rW the ￿￿)rts ol thc 5tthrt c¢ Rercfnmendal tThYirp (sr)RP) 'l+rrryffjD"ng and ReDyOnq 0￿rIL￿- (fRS 102) in prepariny thè annLof repjrt and fmamal ttatements Chèiity. The ritN)rth￿ ststcnkyts toon prepar•J wrth t￿. Yt ¢X¢ Ih tKrtes 1¢ Ihe ènd crynFty witti tt chartys grNP.ryMng dc(urwrt. the ch￿e$ P£t 2011 RwKb' Charities: st3terr￿.nf ( RKrynmended akWat4e to prLyring xcCW￿ts in accordance the Financw ReL￿￿￿j Staiidèrd iii itL. UK put4ishcd on IG July 2014. a5 lry Bulletin l. Thc ttbJriV5 otycti¥ts a￿ the preWthtk￿ cf relief of Povth, rnwng awJrerw armj tsotniry, wmiing aid Bnd famiry rew, Imtyovry ￿on¢i)d(OmTr￿I1IlY <kvL4tViK ur Lylv￿￿￿￿7￿. The OÈ• arè e2YTrd ou¢ tw Ql9r4 fvnds and aWarly￿ ￿ 11)e UK io thc ul thikkn in tr'r cunmLffftS In tlhwa. r￿ar￿s¢￿ QI r￿¢1 geridLY ur rLliwn. The <I￿nIY vrés xJp gJ¥uned to iVsTnJ¢ rkn. a￿1 of P•lws ChilnF Etknpia 15 5Et ty a txywtl oltrv5tEe5, a150 COMM￿9(￿5 bugness ky6. m¢J)Itors ￿￿Orn￿n agalr￿t arrfj nsks. The t<¢Yd meets aL¥xrt 4 10 5 tiftV_Lwery y￿r SUPFWtul ty an exKJ)￿e crynmraee and a fLtn(Traig"rKJ gr￿p. W¢ w. (i (3mkwigr6 C￿ a rrjnsutsy IHSLE. 3Th1 wp. from the hKsrkol è numtr d viJlurÉets. stra d PartThp.r% frA (fvny FthKJDa Is set a ol in251L The twsees had regard w the IJwnty CcYnmissiDn'5 gI￿e on bentht thp. Chattys aim*￿)0 cl>Tr￿l¥L5 diid irl sknnir41 futurL' aL Pa￿. 4

REPORT OF THE TRUSTEES FOR THE YEAR E14DED 31 DECEMiIER 1023 Therè was an imrKcNemenr In txjr fin¥(iai iri 2023 comparej w4th 2022. a yoar in we were aw9￿1119 with imp¢ o ts c￿4￿19 Wp. we. Ind where we bvere in &irfiw yearys akn￿. t(J attrètt grats In 2023: WL. mode ofTrtstiva I70.0￿ ro Ethiopa to (cthmunres ¥) Dahir Dar, Ba55D, ch31￿, tbre Ewhan, ar¥1 to wptyt ￿CLK) to￿￿ Attsi. was frun K59,000 In X)l2. we r￿(1 I(K¢¥￿ of )ul £FS1,(KQ. up from £￿,0(￿) in 2022. COUF4￿ vith that cyndiiwL' illLixrcd ftmd& Thi5 bèpn ID delI￿r benefits during ￿ year and e￿ to rtra￿ in ￿rs. The P￿ents to Ethicpa.. prowthd teAkfa2 chifftn In In very É0vi￿Xj ¥L4Y• iv yiv¢ 9rtEnan￿ ￿lT sur¢￿ted parLy)ts arNI gI￿dIanS LKtsin¢sss io wi Ikjwthx. to xt UP 5Elf W grwp5 tu In￿ in buww5e5 * help in to w&(, sanbtttsi. * hyg.ne girts in prnNidcd f￿11117¢$ in ElahAr Llar ot pai1i¥ultsr the¢d luf Ji¢ I1w￿￿lJI&[lSC¢J Ny•¢ae IN'¢￿10 wmrnunily.- hclpcd to mainiain and biiild thc ca￿￿11% ol-J&LDO iii its prujrAts. riro the yAr irY.nm•. Iw7xxJnW tr) Ely),y)1 (202Z: Eq9.9>1). tXVLfHJrturL ￿[￿untCd tD £84,0 (2022.. Is9￿1). At 31 Lkcemt 2U2J lurtos amourknj trJ £8,47712022: £11.626), cé b• £8,317 was unrestricted (unds. (XJriThJ AD4. ¥fil our ￿)re*th1 WLYrvts io rl￿￿[L. from £9,LK(I 10 £5.0Tr). Paee 5

PARTNELS FOR CHANGE ETHIOPIA REPORT Of ThE TRUSTEES FI)R ThE YEAR ENDED 31 DECEMBER 2(J23 TrwA&% twve Examiryd ts. mapr ffiteg￿, and C(KY&th￿l ri￿s w1￿h the new gjpihxiers and a ch4nnd for <yW￿. Wp. plhn to crffjrin￿ cw of ￿V$1￿1LYS aThJ Fyxb'ng cn ￿￿Jya tD erwjagprnrt Wlith c￿r We Mll wrsue ccrtKb with Fqrticukir suppyrv.rs and IrthYuthtYJ ihe ¢￿￿tIe f¢￿￿alK￿. G￿enw￿9# Flace. EthicpathJ. Togetlw We learn the Wc ￿ryI1 O￿ti￿l￿ ow links with ￿hoC{S th CLXJkh￿fft And to ol tuv1￿ is95 arnj I We Iwuld eKDk)re a try tl thair èFKI Ld¥nWiny." offKEr tD £th￿Jp1a in earty summer ts) Whon knk5 (ry) ai)d 9ailv Nwttyial for cornffwJnicabJn¥ indudirJ fiJndrnLgng. We wll al￿ exDlrffe fv r¢tybility our wpurtus. vi5rs Y￿￿Id be. de.pendent on the se(wry rrtuaDc) oY)or ￿￿￿￿¢￿1 ¢th)c¢rn% Wc yJ p]an tt> pnwhilty of an eryrt at ￿ tthlOW in Luitkxi iu LL￿￿¥￿iL. LJ thxjrk Sigrbod on behalf of the board: John Binns Chlir Date.. 2￿"￿tr PaRe. 6

PARThEAS FOR CHANGE ETHIOPIA IMDEPENDENT EXAMfMEA'S REPORT TOTIIE TRllStEES OF PARTNERS FOR CHA14GE Er￿C I rts￿L io thc Trukn ￿ my accouNs charY ftr UK. cndEd 31 D￿e[tr 2023 set out pays 8 ro 16. quvunerts of tho Owrbes kn 2011 lTrhe Act,). satirfd rywfthèt the accthmls ol ihc Charty are rbth ￿qu￿£d to be a￿l￿•d and arv. dvJitrA•. I￿le.per￿1enI eyThnaiJori, I riwrt ￿7 rw¢Lt ut my cxarnirkatKffi gf wjr ch¥ity's xcrxmts o orried IMJt under Se(￿n 145 (4 il Oidritics l£L 2011 Cthe 2011 W. In rAt my vAarntrwYJn I Ikwe thc DwLxi(]n5 the Charity CammIwt￿ un 145(5) (b) of the zoii KL IndepeDdent examlD¢rf¥ sl•temeAt I hJNe e1&nir￿1￿Ii and I LTrfrm th no rThitprial mattPFS Ikiw.h ft> COnnec￿n Irrith ￿Min￿b"c￿ 9Nes mo cause to trAl•t: ALLvurry Tccrxds ￿re nrt k•.pr in wryh Th 130 c4 ￿ Charw Art: or The did wth iec(¥ds: CY Th•. ¥rwnt5 did cOm￿Y with ￿ulL. fLy￿1reMErts corKoming forni conteni ￿ Jccours cArt in Ihe Owrw (P£(¢vrtis and FILwtr•) RcgLdiDll5 2rTh (thr tt47n any reQ￿ren￿rt th ￿ ￿(￿n[S c•ve a aTrJ far whth i5 n¢ 4 mattEr con5knJ as 01￿ indqxntst exannalTh. ￿. rtraI￿ m th15 rer(¥t In (xthr Lo erN)t4e a prcpy understsTrSirq accrvxrts to bo rexw. Thomas Ojo18A.BSc.FCPAI PPS kcountants 11 Farncs Courl Worksop Nottinthamshire 581 OLZ Pa£e I

lor the Y&v En0•d 31 Decern￿r 2023 2023 2022 Tcal lunds funds 17.843 17.523 62,633 17.782 486 38.519 11.195 (YwrtatAe ￿V￿leS Inves[n￿ 259 To¢•1 45.535 35.366 80.901 LThant3b￿ atiivrli (18,192) [35,858 (84050) ¢Yj.￿l) Total (48.192) 135,858) c84￿50} (59,801) 492 3.150) 19.9971 Net Movwwr In Funds (2.658) 1492) (9.99n Ree￿¢111•110n of Funds Total fvnds forward 10.974 652 ILfj26 21,623 This Ststvnent c¥ fmybJal a(XNW inLMJes )11 qbins and loss￿ r(ftyrfA¥J ir) Ihc ￿r Cryn￿lL-• wlli thE rwuirwnerts ts the incon tsr*NJture actourt Charilms" and REwts) RÈgukbJrts 20( All a￿1 t¢￿nd￿re ¢krfve (pjn ￿n￿.￿￿n9 comparab"￿ fiJure5 fc( the premus ￿ lry are in io. Thc r￿ 11 to 16 we ￿ irtegrnl Fqn ofthese finanoal PaEv 8

PARTIIERS FOR C>IANGe rTrii(IPlA BILin￿ Sheet At 31 Decefjer 2013 2023 2022 226 19J31 19558 21.691 22.226 An￿Int5 ts11ry <kJe (11080) (10.6CKJ) 8.478 IL626 4478 11,626 FUNDS 160 8.313 652 10,974 478 11,626 r￿￿11 staiEmEnts were Iytt (TnLWS ￿. zl... i...L..i?n?4 and it try.. John Binns Ch

ARThERS FOR CIIANGE ETHIOPIA At 31 2023 zo 2022 Net WKoming r(yxrce5 forthe (3.150) (9,997) 302 (In) (2,368) 10,1?9 (.apithl ¢xp¢nditur¢ IL368) (10.L29) RL¥AmLilia¢ion of n¢ Cash flow ro nioN'eiiiiL til n¢i fund (U68) {10,1￿) fn(yewe In ¢•sh kn lh¢ y¢•r Il•t funts at l Jarnmry 2023 21,697 31,826 Net fvnds •t 31 D•cQffl￿ 2023 19,330 21,697 Page 10

PARTNEAS F<Mi CHA14Gt EnUQP MOYES TO THE FINANc￿L sfATEMEiffs FOR ThE YEAR ENDED 31 DECEMBER 2023 Ll R•si& of pr¢p•ritioi P&trLYS Icythary Eth￿F•a is a ILW Er￿J￿nd iiTrJ W&ik5. i¢ereJ rjfre t5 gIv￿ in the dwty 1nf(iTr￿ on pa9e 3 of th￿￿ linartckl StstEm0￿ conthjtes a put4K tnefil entJ¢y ds dcfinLYI ty FPS 102. Tr finar￿1￿1 srv.m•nts. hav•. pre￿red Kcryd)n￿ wilh I4X￿ur1ts"Thj ond Rcpryb'ng by thiribes: of RerAmm￿ Pr￿e to rtkn)rii￿ ￿￿1r atmurts in ￿rda￿e vAh thp finBFKJd Ilerryv￿J 9￿dard aprat4e in Ihe UK rps <102) J(xl on 16 J(thy 2014 as amertt8od l. the Chrn ￿ 2011 w#J UK (kn¥ty wacrtt as rt frorn tst knry 2015. Thp. ffin3ni￿ #Aterfft ￿ preFored ￿ a 9)ing C￿cLyn ikts75 urvkn thc hitstsl co to lain at tsir v&ue. lirwKidl stdtuncnts arc wepared in tyling wh4th is th• ￿J￿n.(MI c.urr•.w of tharty rwnth1 fo lft ¢&esi £. yjn1fi￿￿t KEoJnb"r4 Fdicie% in the prvpirawn ofthese finar￿1 staten￿ts 1.1 F••d rLyJ¥•li I for a Purpm. ReYJ(ted lun(ts dre funds that can onty bo us•d tr rArtsrAJL¥ feqJKred LXWA% WITh￿) the Lti￿y, dr¢sei when by ¢kIn￿ ¢y i¥hen fuTrJs are raised lor oartKuW Wr￿￿￿- 1.3 tTh¢or•¢ All Inc¢￿ 5 4KI(thJ in the %￿tErnCrt rf Firwal AcbYitse5 when ￿ charity 15 entobJ ro ￿ inccffje and ￿ bmow on te qi$￿}￿"r￿￿ wilh r¢yrAmablc accuracy. Th2 fc4hJwing yrfv. are applied to FOrtKLr c&eJorrf of ￿￿e. Gra)l irKYxTK' Is tho Statprn￿ cl finarns ar¥1 grfts is Ir￿uded In the gèternenr ( Fina￿al kfbyues w￿n reCtsWa￿. [r￿ent Is aLrA> re￿Vab￿. For kgacw, ertrtÈ￿t ts eart￿ o( the tharily LyywJ noithl cFan vnFVbth'ng dithlyjton or LYrvJ r￿fft￿. At th15 LW ilKtsI is rcKwrffxxl. Ci l￿￿YC￿l IVIa￿S will be nLdJFd ro ts tharity r¢ is pu55ib IA r.Ip¢wdiThre is accoun￿1 for on an accr￿$ bags has oeen da￿•￿] urn1cr IKdiryJ' that atyJregk*e all pawnenrs io U)inl wrtiLS, IL is F¥Lthb￿ that tit be ard th•. amC￿nt ot&> P￿¢ 11

PARTNERS FOR CHAPIGE Enirop IIOTES TO THE FIPlallaAL ￿ATEmE1￿[s FOR THE YEAR ENDED 31 DECEMBER 2023 IS rwirAJ vthpre * i5 IIW thwt that there ts a legal LY constructi¥c cOIwLTh) commfftjng thanty to Dty ryJ)urcryJ •x1 Ihe Lr Dunrg 2U23. ¥rtr￿. ArrE fEcoved frryn.. CLY151dL2 Fwnddtiw (&wb(The. MA) 2023 2022 {IrKlU￿ gfft aml) 50,150 12,482 17,523 31,519 v￿qdea ￿ other charf 10,243 S cl artelacts i?1 229 ll3 139 Totsl inco BO.901 49. Poge 12

IIOTES TO THE FIp1￿￿1AL sfATEMENTS FI)R TME YEAR ENDED 31 DECEMBER 2023 2023 2022 F)r•Yiturt hJnds EKoK1ilurt LJI a(inistrthion 10,414 3,377 70.259 S,246 84,050 59,801 1023 2.022 fee5 574 414 Totsl cort of ratslng fvnds IOA14 S Details of expenkn ￿ lminirtrntk•n 2023 2022 Ilbnk (ha 62 Insrtn 349 1.187 210 601 992 Ttustee fvefjr4Js Webg'Le mainlend￿C 417 CCW vist to L 415 to JeCCLx) 1.745 692 3.377 4,345 Page 13

PARTNERS FOR CIIANGE ETHIOPIA NOTE5 TO FINANCIAL STATEMEIITS FOR ThE YEAR ENDED 31 DECEMBER 2023 6 1)etsils of payments to Ettwow 2023 2022 ahir Dar libr47ry 8dhir Dar familv school 8inth Tesfa strts)I 1.350 600 12.011 .120 Dth Berhan. Wash 12243 263 worw of Hawa 14 ppurt for 2,000 52.210 7 Delknrg and prePaY￿￿t9 2023 2022 Prepayments Other dÈbtOfS 183 143 5?8 2022 IQMI LO.f P4Be 14

PARTNERS FOR alANGE ETHIOPI IIOTES TO The FINAIICIAL sfATEMEI4TS FOR THE YEAR ENDED 31 DECEMBER 2023 9 knalys of C•rrfed ftywèrd ftyward 6S2 8,4a8 19,(p)O) (5,OX)) (6W) {6.002) (6,089) (263) (8.814) Bahir Dar li B)hir Dar hmily Chc xh¢x4 tbre effian. WAS T5iC 6,CQ2 423 lJ,814 160 T•x4 r¢sbla¢d fvnds 652 35W6 (35￿58} 160 10,974 45.535 {48.192) 8?17 Totsl furd4 11.626 s￿901 {84mO) PaEe 15

PARTNEAS Foli CJIANGÈ EfNlI)PIA ThE YEMR Ef4DED 31 DECEMBER 2023 lorthe Year Endod 31 D¢¢¥Mlxr 2021 2022 ?0?1 funds funds turh tJ)natJcns and Legacs (hjrrfaL)￿ &kn'vibL 16,920 14.5 10.243 31￿19 17,243 1.042 62.C61 47.13B 1,04? Total ?4JI4? i(r4202 Expendiwre on: ChBrrtabk (35,611) 124.192) ($9003) {129.Xfj) Tt)tsl {35,611) 124.19?} (59,803) {129.2(￿) 120,LXMI l•et Mo¥memt in Funds (10.619) 650 (9.999) I?0.L￿} Total Iw￿5 forwanl ?I,b?? 11,622 21.6 11 Going ¢on¢ern linarb(￿ ItrYn￿ have Fytpared a g¢iThJ concun bass a5 the Trustoes telitht that rK> material Lrldwrtw￿ c¥1. The Trustees ha￿ c(w￿jE[2d the level offunts hejd and lthtl of ¥Kune ar ¢thipnt vrth Ihe chm to be able to ¢orttrK ès a c£rf<em. B(rd ¢( lwtev• ¥e ￿t￿tr)r IhaE tyt ¢h)rlty will wntir￿ t¢ ￿ aL Lo cwate tr rtxr 12 IrK¥1￿ is th¢rL4or¢ OJrrtrltty è 91hiYJ ¢OFIWrl. Page 16