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 prLy*ring 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 x*Jp gJ¥uned to iVsTnJ¢ rkn. a￿1 of P•lws
ChilnF Etknpia 15 5Et ty a txywtl oltrv5tEe5, a150 COMM￿9(￿5 bugness k*y6. 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 numt*r d viJlur*Éets. 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 grat*s
In 2023: WL. mode ofTrtstiva I70.0￿ ro Ethiopa to (cthmunres ¥) Dahir Dar,
Ba55D, ch31￿, t*bre Ewhan, ar¥1 to wpt*yt ￿CLK) to￿￿ At*tsi. 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 t*eAkfa2 chifftn In In very É*0vi￿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 <lwity lace5 ccrfrn
Fubjre Plans Projed5
P￿rtS are in F4ace to Launch a refrpthpd wp.h* ￿24 to lthe 4wrk ut thL' (Jkwity. attr>* 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￿ is9*5 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¥ indudir*J 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. L*J 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 char*Y ftr UK. cndEd 31 D￿e[tr 2023
set out pays 8 ro 16.
quvunerts of tho Owrbes kn 2011 lTrhe Act,).
satirf*d rywfthèt the accthmls ol ihc Charty are rbth ￿qu￿£d to be a￿l￿•d and arv. dvJitrA•.
I￿le.per￿1enI ey*ThnaiJori, 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 DwLx*i(]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:
ALLvur*ry 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 ￿ul*L. fLy￿1reMErts corKoming forni conteni ￿ Jccour*s
cArt in Ihe Owrw (P£(¢vrtis and FILwtr•) RcgLd*iDll5 2rTh (thr tt47n any reQ￿ren￿rt th* ￿ ￿(￿n[S c•ve a
aTrJ far whth i5 n¢* 4 mattEr con5*knJ as 01￿ indqxntst exan*nalTh.
￿. 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 inL*MJes )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 Decefj*er 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'eii*iiL 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￿￿ linartck*l StstEm0￿
conthjtes a put4K t*nefil entJ¢y ds dcfinLYI ty FPS 102. Tr finar￿1￿1 sr*v.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 apr*at4e 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 FOrtKL*r c&eJorrf of ￿￿e.
Gra)l irKYxTK' Is tho Statprn￿ cl finar<ial thivths when r￿atr
Voluiitdry $rrO￿ incknjing (kThtK>ns ar¥1 grfts is Ir￿uded In the gèternenr (* Fina￿al kfbyues w￿n reCtsWa￿.
[r￿ent Is aLrA> re￿Vab￿.
For kgacw, ertrtÈ￿t ts eart￿ o( the tharily LyywJ noithl cFan vnFVbth'ng dithlyjton or LYrvJ
r￿fft￿. At th15 LW ilKtsI* is rcKwrffxxl. C*i l￿￿YC￿l IVIa￿S will be nLdJF*d ro ts tharity r¢ is pu55ib
IA
r.Ip¢wdiThre
is accoun￿1 for on an accr￿*$ bags has oeen da￿•￿] urn1cr IK*diryJ' 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..
CLY151dL*2 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(*i*nistrthion
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 fv*efjr4Js
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 knaly*s 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
t*bre e*ffian. 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 Legac*s
(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
¢th*ipnt vrth Ihe chm to be able to ¢orttrK* ès a c£rf<em.
B(*rd ¢( l*wtev• ¥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