REGISTERED CHARITY NUMBER: 297391
Report of the Trustees and Financial Statements for The Year Ended 31 December 2024 Partners For Change Ethiopia
PARTNERS FOR CHANGE ETHIOPIA
Contents of the Financial Statements for the Year Ended 31 DECEMBER 2024
Page
| Legal and Administrative Information | 3 |
|---|---|
| Report of the Trustees | 4-6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Statement of Cashflows | 10 |
| Notes to the Financial Statements | 11-15 |
PARTNERS FOR CHANGE ETHIOPIA
Legal and Administrative Information
Registered Charity Number
297391
Registered Office
225-9 Seven Sisters Road London N4 2DA
Trustees
The Revd Dr John Binns Roy Warden (Resigned November 2024) Gary Battell Sarah Parfitt (Resigned June 2024) Margaret Johnson Christine Brown Angela Robson Caroline Field Andrew Proud
Independent Examiner
Thomas Ojo PPS Accountants 11 Farnes Court Worksop, Nottinghamshire S81 0LZ
Bankers
Child & Co.
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PARTNERS FOR CHANGE ETHIOPIA
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their report and examined financial statements of the charity for the year ended 31 December 2024.
The Trustees have adopted the provisions of the statement of Recommended practice (SORP) "Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and 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 published on 16 July 2014, as amended by Bulletin 1.
Objectives and Activities
The charity's objectives are the prevention or relief of poverty, raising awareness and supporting education and training, providing overseas aid and famine relief, improving economic/community development or employment. The objectives are carried out by raising funds and awareness in the UK to promote the well-being of children in their communities in Ethiopia and Uganda, regardless of race, gender or religion.
Structure, Governance and Management
The charity was setup and governed according to it's Trust Deeds. Management and strategy of Partners for Change Ethiopia is set by a board of trustees, which also commissions business plans, monitors performance against them and manages risks. The board meets about 4 to 5 times every year and is supported by an executive committee and a fundraising group. We use a campaigns officer on a consultancy basis, and we benefit from the work of a small number of volunteers. The strategy of Partners for Change Ethiopia is set by a board of trustees.
Public Benefit
The trustees have given due regard to the Charity Commission’s guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities. The trustees can confirm that all the charitable activities being supported are open to members of the public without descrimination.
Achievements and Performance in the year
The charity launched a new website in June 2024 to advertise the work of the charity, attract new supporters and provide a channel for donations. We have continued to send regular newsletters to our supporters. We have worked with two interns to develop our social media outreach through regular posting.
We launched a Rebuilding Communities Appeal to present the main features of the community development programme of JeCCDO, in supporting children, promoting women's self help groups and internally displaced persons.
We have worked with schools and other supporters to set up and maintain a breakfast club at Cholle School in Debre Birhan.
We have maintained a programme of applying for grants to trusts and other grant making organisations. Amongst others, the Constable Foundation has continued to provide support for women's groups.
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PARTNERS FOR CHANGE ETHIOPIA
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
Financial Review
During the year income amounted to £97,147 (2023: £80,901). Expenditure amounted to £69,733 (2023: £84,050). At December 2024 total funds amounted to £35,891 (2023: £8,477) out of which £10,702 was unrestricted funds.
Reserves Policy
During 2024, we will allow our unrestricted reserves to reduce from £9,000 to £5,000.
Risk Management
The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable the charity to lessen or mitigate those risks.
Future Plans and Projects
We are planning a major campaign for our 40[th] anniversary year. This is called the Social Change Maker campaign. It presents the key features of JeCCDO’s approach of empowering and enabling local communities to develop.
We will explore ways to extend our support into other communities and countries. We have identified a project supporting young women trapped in the sex industry ion Nairobi Kenya, and training programme to raise funds to support children at a school in Nyakabungo Uganda.
We will also support a further breakfast club in Tibase M school in Debre Birhan.
Signed on behalf of the board:
John binns
…......................................... John Binns
Chair
Date: 7th October 2025
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PARTNERS FOR CHANGE ETHIOPIA
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PARTNERS FOR CHANGE ETHIOPIA
I report to the Trustees on my examination of the accounts of the charity for the year ended 31 December 2024 set out on pages 8 to 15.
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").
Having satisfied myself that the accounts of the Charity are not required to be audited and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination and I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe:
Accounting records were not kept in accordance with section 130 of the Charities Act; or The accounts did not accord with those records; or
The accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I have no concerns and have come across no other 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.
thomas ojo
…..............................................
Thomas Ojo (BA,BSc,FCPA) PPS Accountants 11 Farnes Court Worksop Nottinghamshire S81 0LZ
Date: 9th October 2025
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PARTNERS FOR CHANGE ETHIOPIA
Statement of Financial Activities (incorporating the Income and Expenditure Account) for the Year Ended 31 December 2024
| Notes Income and endowments from: Donations and legacies Charitable activities Investments Total 2 Expenditure on: Raising funds 3 Charitable activities Total 4 Net income/(expenditure) Transfer between funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 9 |
Unrestricted funds £ 22,293 12,177 285 34,755 (13,118) (16,803) (29,921) 4,834 (2,449) 2,385 8,317 10,702 |
Restricted funds £ 8,064 54,328 - 62,392 - (39,812) (39,812) 22,580 2,449 25,029 160 25,189 |
2024 Total funds £ 30,357 66,505 285 97,147 (13,118) (56,615) (69,733) 27,414 - 27,414 8,477 35,891 |
2023 Total funds £ 62,633 17,782 486 |
|---|---|---|---|---|
| 80,901 (10,414) (73,636) |
||||
| (84,050) (3,149) - |
||||
| (3,149) | ||||
| 11,626 | ||||
| 8,477 |
This Statement of financial activities includes all gains and losses recognised in the year and complies with the requirements for the income and expenditure account under the Charities (Accounts and Reports) Regulations 2008.
All income and expenditure derive from continuing activities. Comparative figures for the previous year by fund type are shown in note 10.
The notes on pages 11 to 15 are an integral part of these financial statements.
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PARTNERS FOR CHANGE ETHIOPIA
Balance Sheet
At 31 December 2024
| Notes £ CURRENT ASSETS Debtors 7 809 Cash at bank and in hand 47,262 48,071 CREDITORS Amounts falling due within one year 8 (12,180) NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS Restricted 9 Unrestricted funds 9 TOTAL FUNDS |
2024 £ £ 226 19,331 19,558 (11,080) 35,891 35,891 25,189 10,702 35,891 |
2023 £ 8,478 8,478 |
|---|---|---|
| 160 8,318 |
||
| 8,478 |
The financial statements were approved by the Board of Trustees on: 7/10/2025 and were signed on its behalf by:
john binns
….............................
John Binns Chair
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PARTNERS FOR CHANGE ETHIOPIA
Cash flow statement
At 31 December 2024
| Net incoming resources for the year Depreciation and impairment Decrease / (Increase) in debtors Increase / (Decrease) in creditors Net Cash inflow from operating activities Capital expenditure Increase / (Decrease) in cash in the year Reconciliation of net cash flow to movement in net funds Increase in cash in the year Net funds at 1 January 2024 Net funds at 31 December 2024 |
2024 £ 27,414 (583) 1,100 27,931 27,931 27,931 19,331 47,262 |
2023 £ (3,149) 302 480 |
|---|---|---|
| (2,367) | ||
| (2,367) (2,367) 21,698 |
||
| 19,331 |
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PARTNERS FOR CHANGE ETHIOPIA
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1 ACCOUNTING POLICIES
1.1 Basis of preparation
Partners for change Ethiopia is a registered charity with the Charity Commission for England and Wales. The registered office is given in the charity information on page 3 of these financial statements.
The charity constitutes a public benefit entity as defined by FRS 102. 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 FRS (102) issued on 16 July 2014 as amended by Bulletin 1, the Charities Act 2011 and UK Generally Accepted practice as it applies from 1st January 2015.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
1.2 Funds accounting
Unrestricted income funds comprise those funds which the Trustees are free to use for any purpose in furtherance of the charitable objectives. Unrestricted funds include designated funds where the Trustees, at their discretion, have created a fund for a specific purpose.
Restricted funds are funds that can only be used for particular restricted purposes within the objects of the charity. Restriction arises when specified by the donor or when funds are raised for particular restricted purposes.
1.3 Income
All income is 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: Grant income is included in the Statement of Financial Activities when receivable.
Voluntary income including donations and gifts is included in full in the Statement of Financial Activities when receivable. Investment income is also included when receivable.
For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.
1.4 Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.
Expenditure on charitable activities comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs allocated directly to such activities and those costs of an indirect nature necessary to support them.
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PARTNERS FOR CHANGE ETHIOPIA
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
- 1.5 Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
There has been no offsetting of assets and liabilities, or income and expenses.
Grants received
During 2024, grants were received from:
Constable Foundation (Sherborne, MA, USA) CB & HH Taylor Trust
Eleanor Rathbone Trust Souter Trust
| 2 Analysis of income Donations (including gift aid) Legacies General grants provided by other charities Interest Sale of artefacts other Total income |
2024 2023 £ £ 25,358 50,150 5,000 12,482 65,730 17,523 285 486 774 121 139 97,147 80,901 |
|---|---|
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PARTNERS FOR CHANGE ETHIOPIA
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| 3 Details of expenditure on raising funds Campaigns officer Fund raising fees Total cost of raising funds 4 Analysis of expenditure Expenditure on raising funds Expenditure on administration Expenditure on charitable activities Total expenditure 5 Details of expenditure on administration Bank charges Bookkeeping Donor Management Insurance International transfer fees Social Media and Communications Travel and Room Hire Website refresh Independent Examination Total expenditure on administration |
2024 £ 12,600 518 13,118 2024 £ 13,118 6,803 49,812 69,733 2024 £ 34 332 180 269 75 1,109 704 3,000 1,100 6,803 |
2023 £ 9,840 574 |
|---|---|---|
| 10,414 | ||
| 2023 £ 10,414 3,377 70,259 |
||
| 84,050 | ||
| 2023 £ 65 488 180 349 60 1,424 811 |
||
| 3,377 |
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PARTNERS FOR CHANGE ETHIOPIA
NOTES TO THE FINANCIAL STATEMENTS FOR
THE YEAR ENDED 31 DECEMBER 2024
| 6 Details of payments to Ethiopia Bahir Dar library Bahir Dar family Basso school Cholle school Debre Berhan, Wash Supporting Tsion Women of Hawassa Support for JeCCDO Special support JeCCDO Total expenditure on charitable activities 7 Debtors and prepayments Prepayments Other debtors Total debtors 8 Creditors and provisions Other Creditors Total creditors |
2024 £ - 600 12,915 - 450 25,848 10,000 - 49,812 2024 £ 62 747 809 2024 £ 12,180 12,180 |
2023 £ 5,000 600 9,090 15,120 6,089 263 8,814 5,283 20,000 |
|---|---|---|
| 70,259 | ||
| 2023 £ 83 143 |
||
| 226 | ||
| 2023 £ 11,080 |
||
| 11,080 |
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PARTNERS FOR CHANGE ETHIOPIA
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| 9 Analysis of funds Restricted funds Bahir Dar family Cholle school Debre Berhan, WASH Tsion Women of Hawassa Badilisha Rebuilding Communities Total restricted funds Unrestricted funds Total funds |
Brought forward £ - - - 160 - 160 8,317 8,477 |
Incomings £ 600 10,618 138 40,828 7,500 2,708 62,392 34,756 97,147 |
Outgoings £ (600) (12,915) (450) (25,847) (39,812) (29,921) (69,733) |
Transfers £ 2,297 152 2,449 (2,449) - |
Carried forward £ - - - - 14,981 7,500 2,708 |
|---|---|---|---|---|---|
| 25,189 | |||||
| 10,702 | |||||
| 35,891 |
Transactions with trustees and related parties
None of the trustees have been paid any remuneration or received any other benefits from an employment with the charity or a related entity.
There have been no related party transactions in the reporting period.
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PARTNERS FOR CHANGE ETHIOPIA
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
10 Statement of Financial Activities (incorporating the Income and Expenditure Account) for the Year Ended 31 December 2023
Comparative
| Notes Unrestricted funds £ Income and endowments from: Donations and legacies 44,790 Charitable activities 2 259 Investments 486 Total 45,535 Expenditure on: Raising funds (10,414) Charitable activities 3 (37,778) Total (48,192) Net income/(expenditure) (2,657) Net Movement in funds (2,657) Reconciliation of funds Total funds brought forward 10,974 Total funds carried forward 8,317 |
Restricted funds £ 17,843 17,523 - 35,366 (35,858) (35,858) (492) (492) 652 160 |
2023 Total funds £ 62,633 17,782 486 80,901 (10,414) (73,636) (84,050) (3,149) (3,149) 11,626 8,477 |
2022 Total funds £ 38,519 11,195 90 |
|---|---|---|---|
| 49,804 (59,801) |
|||
| (59,801) | |||
| (9,997) | |||
| (9,997) 21,623 |
|||
| 11,626 |
11 Going concern
The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
The Board of Trustees are confident that the charity will continue to be able to operate during the next 12 months and is therefore currently a going concern.
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