REGISTERED CHARITY NUMBER: 297391
Report of the Trustees and Financial Statements for The Year Ended 31 December 2025 Partners For Change Ethiopia
PARTNERS FOR CHANGE ETHIOPIA
Contents of the Financial Statements for the Year Ended 31 DECEMBER 2025
Page
| Legal and Administrative Information | 3 |
|---|---|
| Report of the Trustees | 4-6 |
| Independent Examiner's Report | |
| Statement of Financial Activities | |
| Balance Sheet | |
| 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 Alina Listopad (Appointed 22nd July 2025) Margaret Johnston Christine Brown Angela Robson Caroline Field Michael Anyangbeso (Appointed 17th October 2025) Marjorie Winter
Independent Examiner Thomas Ojo PPS Accountants 11 Farnes Court Worksop, Nottinghamshire S81 OLZ
Bankers
Child & Co.
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PARTNERS FOR CHANGE ETHIOPIA
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025
The Trustees present their report and examined financial statements of the charity for the year ended 31 December 2025.
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 risM. 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 discrimination.
Achievements and Performance in the year
We were founded in 1985 so this was the 40" year of working. It began with a visit to Ethiopia carried out by two trustees, our campaign officer and a long-term supporter. Following this we presented an overview of our work to supporters through newsletters, messages and meetings.
The focus of our work continued with setting up and supporting breakfast clubs to provide the poorest children with a meal at the start of the school day and assistance to their families in setting up small businesses. In 2025 we completed a breakfast club at Basso School in Debre Birhan and set up a further club for 60 children at Tibase Mehdane Alem School, also in Debre Birhan. This was a school facing major problems due to the large number of pupils from Internally Displaced Person camps. We also supported a project helping women in setting up new businesses and building community in Shewa Robit, a town devastated by the 2022 war. This was the result of a generous grant from the Ling Foundation. We also supported a project in Nairobi, Kenya helping girls trapped in the sex industry in starting new careers, and in Nyakabungo Uganda in supporting children and their families in a rural school. These followed the same Social Change Maker approach as JeCCDO in Ethiopia and were funded from dedicated restricted donations.
The challenges to our work in Ethiopia continue. Political tensions remain following conflict in Tigray and other areas but there are signs that the participants are trying to restore stability. Moreover, the
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PARTNERS FOR CHANGE ETHIOPIA
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025
economy suffered as a result of the restrictions imposed to prevent the spread of covid-19 and civil unrest. Partners for Change has been monitoring the situation as best we can, which is difficult because communications have been disrupted especially in areas where there has been fighting. Nevertheless, through JeCCDO we have local contacts and we have experience in trying to interpret this complex country since we first became involved there in the 1980s. The value of the work of JeCCDO in providing clean water, sanitisers, and emergency food supplies have been acknowledged by the Ethiopian government.
There were some changes in personnel. We appointed Alina Listopad as Treasurer.
Norma Hylton-Plais and Plarj Winter became trustees and Gary Battell resigned from the board.
Financial Review
During the year income amounted to £91,950 (2024: £97,147). Expenditure amounted to £93,185 (2024: £69,733). At December 2025 total funds amounted to £34,656 (2024: £35,891) out of which £9,979 was unrestricted funds.
Reserves Policy
The trustees have agreed to hold a minimum of £5,000 as unrestricted reserves.
Risk management
The Trustees have examined the major strategic, business and operational risM 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
A key objective for us remains to provide financial and other support to JeCCDO so that it can continue its valuable work. We support its Social Change Maker approach.
We will continue to support the breakfast clubs, and will fund a further club at another school. We will also continue to support the women in the town of Shewa Robit, as this will be year 2 of a three year project. We will keep in close contact with JeCCDO and seek to provide support as needed. We also wish to explore and support projects in neighbouring African countries which follow the Social Change Maker development model.
Signed on behalf of the board:
3ohn Binns Chair Date: 17/072026
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PARTNERS FOR CHANGE ETHIOPIA
Statement of Financial Activities (incorporating the Income and Expenditure Account) for the Year Ended 31 December 2025
| Notes Income and endowments from: Donations and legacies Charitable activities Investments Total 2 Expenditure on: Raisingfunds 3 Charitable activities Total Netincome/(expenditure) Transfer between funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carriedforward |
Unrestricted funds 30,643 1,041 526 32,210 (14,077) (18,696) (32,773) (563) (160) (723) 10,702 9,979 |
Restricted funds 59,740 59,740 (60,412) (60,412) (672)160 (512) 25,189 24,677 |
2025 Total funds 60,781 526 91,950 (14,077) (79,108) (93,185) (1,235) 34,656 |
2024 Total funds 30,357 66,505 285 |
|---|---|---|---|---|
| 97,147 (13,118) (56,615) |
||||
| (69,733) 27,414 |
||||
| 27,414 | ||||
| 8,477 | ||||
| 35,891 |
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
| BalanceSheet | ||||
|---|---|---|---|---|
| At 31 December 2025 CURRENTASSETS Debtors Cash at bank and in hand CREDITORS Amounts falling due within one year NETCURRENTASSETSTOTAL ASSETS LESS CURRENT LIABILITIES Notes 8 FUNDS Restricted Unrestrictedfunds 9 TOTAL FUNDS |
£ 5,103 32,153 37,256 (2,600) |
2025 34,656 24,677 9,979 34,656 |
809 47,262 48,071 (12,180) |
2024 35,891 35,891 |
| 25,189 10,702 |
||||
| 35,891 |
The financial statements were approved by the Board of Trustees on: ..17/07/2026 and were signed on its
3ohn Binns Chair
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PARTNERS FOR CHANGE ETHIOPIA
Cash flow statement At 31 December 2025
| 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 2025 Net funds at 31 December 2025 |
2025 (4,294) (9,580) (15,109) (15,109) (15,109) 32,153 |
2024 27,414 (583) 1,100 |
|---|---|---|
| 27,931 | ||
| 27,931 27,931 19,331 |
||
| 47,262 |
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PARTNERS FOR CHANGE ETHIOPIA
NOTES TO THE FINANCIAL STATEMENTS FOR
THE YEAR ENDED 31 DECEMBER 2025
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 I'unds 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 Incozae
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 2025
- L5 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 2025, grants were received from:
Constable Foundation (Sherborne, MA, USA) Great St Mary Church, Waterloo Foundation, Alan and Nesta FE Ferguson Trust and Ethiopia Aid.
- 2 Analysis of income
| Analysis of income Donations (including gift aid) Legacies General grants provided by other charities Interest Sale of artefacts Total income |
2025 30,643 59,740 526 1,041 91,950 |
2024 25,358 5,000 67,730 285 774 |
| 99,147 |
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PARTNERS FOR CHANGE ETHIOPIA
NOTES TO THE FINANCIAL STATEMENTS FOR
THE YEAR ENDED 31 DECEMBER 2025
| 4 Analysis of expenditure Expenditure on raising funds Expenditure on administration Expenditure on charitable activities Total expenditure 5 Details of expenditure on administration Bankcharges Bookkeeping DonorManagement Insurance International transfer fees Social Media and Communications Travel and Room Hire Recruitment Websiterefresh IndependentExamination Total expenditure on administration Details of expenditure on raising funds Campaignsofficer Fund raising fees Total cost of raising funds |
2025 14,077 5,388 73,720 93,185 2025 32 562 248116 1,259 907 1,164 1,100 5,388 2025 13,633 444 14,077 |
2024 13,118 6,803 49,812 69,733 2024 12,600 518 13,118 |
|
|---|---|---|---|
2024 34 332 180 269 75 1,109 704 3,000 1,100 6,803 |
|||
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PARTNERS FOR CHANGE ETHIOPIA
NOTES TO THE FINANCIAL STATEMENTS FOR
THE YEAR ENDED 31 DECEMBER 2025
| 6 Details of payments to Projects Bahir Dar family Badilisha Cholleschool Debre Berhan, Wash Supporting Tsion Women of Hawassa Support for JeCCDO Rebuilding Communities Total expenditure on charitable activities Debtors and prepayments Prepayments Other debtors Total debtors Creditors and provisions Other Creditors Total creditors |
2025 200 25,724 10,000 6,000 450 15,000 13,308 3,038 73,720 2025 55 5,048 5,103 2025 2,600 2,600 |
2024 600 12,915 450 25,848 10,000 |
|---|---|---|
| 2024 62 747 |
||
| 809 | ||
| 2024 12,180 |
||
| 12,180 |
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PARTNERS FOR CHANGE ETHIOPIA
NOTES TO THE FINANCIAL STATEMENTS FOR
THE YEAR ENDED 31 DECEMBER 2025
Analysis of funds
| Restricted funds Bahir Dar family Tibase school Debre Berhan, WASH Tsion Women of Hawassa Badilisha RebuildingCommunities Nyakabungo EthiopianFund Total restricted funds Unrestricted funds Total funds |
Brought forward 14,981 7,500 2,708 10,702 |
Incomings3,90016,903 6,000 310 20,788 329 4,800 6,710 59,740 32,210 91,950 |
Outgoings (200) (10,000) (6,000) (450) (15,000) (25,724) (3,038) (60,412} (32,773) (93,185) |
Transfers140191 160 (160) |
Carried forward 3,700 6,903 2,564 4,800 6,710 |
|---|---|---|---|---|---|
| 24,677 | |||||
| 9,979 | |||||
| 34,656 |
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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PARTNERSFORCHANGE ETHIOPIA
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
10 Statement of Financial Activities (incorporating the Income and Expenditure Account) for the Year Ended 31 December 2024
Comparative
| Notes Unrestricted funds Income and endowments from: Donations and legacies 22,293 Charitable activities 2 12,177 Investments 285 Total 34,755 Expenditure on: Raisingfunds (13,118) Charitable activities (16,803) Total (29,921) Net inœme/[expenditure) 4,834 Transfer beMeen funds (2,449) Net Movement in funds 2,385 Reœnciliation of funds Total funds brought forward 8,317 Total funds carried forward 10,702 |
Restricted funds 8,064 54,328 |
2024 Total funds 30,357 66,505 28îî 97,147 (13,118) (56,615} (69,733) 27,414 8,477 35,891 |
2023 Total funds 62,633 17,782 486 80,901 (10,414) (73,636) (84,050) |
|---|---|---|---|
| 62,392 (39,812) |
|||
(39,812) |
|||
22,580 2,449 25,029 160 25,189 |
|||
| (3,149) | |||
| (3,149) 11,626 |
|||
| 8,477 |
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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