**Charity registration number 327329** ## **THE PARTNERSHIP TRUST** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## **THE PARTNERSHIP TRUST** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Trustees**|Mr P Lancaster| |---|---| ||Mr R Panek| ||Mrs J Dixon| ||Mr S Bodey| ||J Raby| |**Charity number**|327329| |**Principal address**|13 The Oakes| ||Oakes Park| ||Sheffield| ||S8 8BA| |**Independent examiner**|Grant Wade BA ACA| ||Wells Richardson| ||Cannon House| ||Rutland Road| ||Sheffield| ||South Yorkshire| ||S3 8DP| |**Bankers**|Lloyds TSB Bank plc| ||65-68 Briggate| ||Leeds| ||LS21 6LH| ## **THE PARTNERSHIP TRUST** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 2| |Independent examiner's report|3| |Statement of financial activities|4| |Balance sheet|5| |Notes to the financial statements|6 - 14| ## **THE PARTNERSHIP TRUST** ## **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ The trustees present their report and financial statements for the year ended 30 September 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements 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 and Republic of Ireland (FRS 102) (effective 1 January 2019)". ## **Objectives and activities** The charity's object is the furtherance of the Christian religion throughout the world and the support and assistance of those engaged in such activities. There has been no change in these during the year. The trustees have paid due regard to guidance issued by the Charity Commission on public benefit when deciding what activities the charity should undertake and in planning future activities. The trustees are also aware of the Charity Commission's guidance on public benefit in the Advancement of Religion for the Public Benefit and have regard to it in carrying out the activities described in the report during the year ended 30 September 2023. The main area of activity is to provide a means for churches, individuals and other organisations to support mainly independent mission partners relying on voluntary support. The trust also facilitates giving under the Gift Aid scheme. The trust maintains contact with each of its mission partners by keeping them advised of the source of gifts received and the designation of any specific project funding. Most of the income of the charity is assigned to particular projects and is recorded by the charity as restricted funds. Payments are made to the partners concerned on a monthly basis, or when called for. This service has proved to be a valuable aid, particularly to overseas mission partners, in keeping their finances in order. Each mission partner is allocated a main contact person for the Trust (normally a trustee) who has a general overview of the partner's project developments. In addition, the trustees receive newsletters, updates and reports from mission partners and the trustees request an annual monitoring report from each mission partner on their main activities and events for the past year. This annual summary report is used by the trustees to monitor the application of charitable funding, through the trust, for the specific projects. ## **Achievements and performance** During the year, 1 new partner joined the trust. At the year end, there were 20 partners supported through the trust (2022: 19). The trustees continue to monitor activity levels to ensure that the administrative function is not impaired. They make an administration charge on payments to partners in order to cover the charity's operating costs. No financial performance targets are set other than ensuring that the trust maintains adequate unrestricted funds and, in this respect, the trustees are satisfied with the position. The administration charges received from partners on a regular basis are now considered adequate to meet the administrative costs of the charity on an ongoing basis and a review of the charges will continue to be carried out annually. The trust aims to support the work of missions overseas by facilitating the transfer of funds to partners and it has continued to do that, thus achieving its objective. The trustees intend to continue supporting their partners and others who may wish to partner with us in furthering overseas mission work during the coming year. ## **Financial review** The trustees are aware of the need to maintain sufficient unrestricted reserves to continue the activities of the trust and maintain its solvency. During the year, administration charges covered the trust's administrative costs. The charity incurred a deficit for the year of £5,954 (2022: £21,089). Restricted reserves at 30 September 2023 were £36,128 (2022: £42,779). Unrestricted reserves at 30 September 2023 were £2,820 (2022: £2,123), of which £2,720 (2022: £2,023) were freely available. - 1 - THE PARTNERSHIP TRUST TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 30 SEpfEAIBER 2023 at Itss level will ensure thaL in the ev￿1 of a dnjp in funding. they wll bè ab18 to ￿tinue the current ath"vities whife consKlerallon is gr¥en to Wdys i) wtiich fLrth may be raised. TIMs18vel of re8erY88 The tru8le88 h8ve os8e880d the major n*s to whth thg chwty is expow, arKY are satisfi8d that 8y8tem8 are In 1. Thg of failtru to fund admlnith11￿ fiTh#bJi of t￿ tharity. Thg of d¢y￿1￿8 from parlnern to Go 2. Th• r18k of 8afeguardlr8 prthm• •isiThJ ¥Ath af ow portr￿. A rthrftr4V of • and prathco Is ried (M 8tru¢tur•. govwnanc• and m•nag•m•nt The chaty Is govem•d by a Dedarakn ofTnMt dal•d 3 October 1￿ 48 ￿￿d•d ty a i*uBtO88' re8oluUon dated 28 November 21x17. Itlg a regtst•r•Y thiiity. numb8r 327329. Mr R Panek Mrn J Dixon Mr S Bc¥loy JRaty chanty. a vacaw ariw in th& number of trwtee8. the trustoas, hav8 a vkn number of eonnectio 88ek a 8Urt8bly quakfied pwson an interest in Ihe of the tsust to fa vacary. A trutstè8 ha8 b*1 number of seven trustee MrSB 24 April 2024 THE PARTNERSHIP TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PARTNERSHIPTRUST I report to the IIU8tee8 on my examlnation of the ffinanclal 8tatsm•nts of The Pgrtnershlp Tw8t (the chorftyl for the yèar ended 30 September 2023. RgsponglblllUe* and ba$l• of r•port AS Ihg trustees of thg charlty you are re¥ponslblg for Ihg prgpgrallon of the financlal slatemenls In accordance wllh th• requlrements of the ChorklesAct 2011 Ilhe 2011 Aot). I report In rèspect of my examlnatlon of thè charfty'8 flnanclal 8lalemgnts carrtod out under Bectlon 145 of th• 2011 Act. In carrying out my examination I have followed all Ihg appllcoble Dlreotlon¥ glvon by the Chadty ComrN$$lon under sectlon 14515}(bl of the 2011 ￿1. Indfrpendentexaffllnerf• •tstement Your attentlon 18 drawn to the fact that the chadty has pr?￿red ffin8nclal 8t8t•menl8 In 8eeord•nea wllh Ac¢ounllng and Reportlng by Charilles preporfng Ihelr accoun15 Sn accordance wllh the Flnonclal Reportln9 Standard appllcable In the UK and R&publlc of Ireland (FRS 1021 In preference to the Acrnuntlng and R8POrtlng by Chafillos.. Stolemenl of Rgcommgndeil PrAellce1$8ued on 1 Aprll 2005 whlch18 referred lo In the •xlant r•gulatk*n8 bul ha$ now been wllhdrawn. l under81and that Ihls h88 been done order lor flnanc4al 8talemen18 to provlde a true and lalr vlew In •wJrd•n¢9 wlth Genèr•lly A¢¢gpted Accountbng Pr8ctlca effedve for reportlng perfod8 beglnnlng on or after 1 January 2015. I h•ve Mmpleted my ox•mlnall¢)n. l ¢onflrm th81 no matter8 hove ¢ome to my 4tt¢nllon In ¢onnectlon wllh the &xamlnallon glv6ng me cau80 lo bef5•ve that In any mgtgrtal respeci.. 4c¢ounllng r8cord8 w•r• not kept In reBp8ct of th8 charfty 0$ requlred by 8ectbon 130 of th9 2011 Act; or th• fin8nclal slalem8nl8 do not 8c¢ord with Iho$è r•cord$,' or ftnancS8l stglemgnts do not comply wlth the *ppllc8bl• requlromanls concornlng the form and conlont of attounts sel out In th? Chadtles {Ac¢ounl8 9nd Reports) Regulalltsns 2008 olh8r than any requlremont that tho aceounli 9lv• a tru• and falr VI￿ whlch 18 not A matter eonsldered a8 part of an Indepgndont examln8tbn. I have no con¢ems and ha￿ comg acro8$ no other matter8 In ¢onnoction wllh the examlnalion lo whkh attenllon 8hould be drawn In th1$ report In order to •nablg a proper undeTStandlng of th8 finandal $talem8n18 to b? re8thgd. Gr•nt Wade BAACA Ind8pendent Examlner CharteredAceountant Wolls Richardson Canmn Hou8e Rulland Road Shoffield South Yorkshlre S3 8DP D8led: 28 Moy 2024 ## **THE PARTNERSHIP TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ |**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**2**
6,706
221,632
Investments
**3**
-
-
**Total income**
6,706
221,632
**Expenditure on:**
Charitable activities
**4**
6,009
228,283
**Total expenditure**
6,009
228,283
**Net income/(expenditure)**
697
(6,651)
Transfers between
funds
**9**
-
-
**Net movement in**
**funds**
697
(6,651)
**Reconciliation of funds:**
Fund balances at 1 October
2022
2,123
42,779
**Fund balances at 30**
**September 2023**
2,820
36,128|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2022**
**2022**
**£**
**£**
**£**
228,338
6,498
267,251
-
2
-
228,338
6,500
267,251
234,292
6,179
288,661
234,292
6,179
288,661
(5,954)
321
(21,410)
-
123
(123)
(5,954)
444
(21,533)
44,902
1,679
64,312
38,948
2,123
42,779|**Total**
**2022**
**£**
273,749
2
273,751
294,840
294,840
(21,089)
-
(21,089)
65,991
44,902| |---|---|---| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 4 - THE PARTNERSHIP TRUST BALANCE SHEEr AS AT 30 SEPTEAIBER 2023 2022 Flxgd a¥8•ts Tangitje asset8 10 100 100 Curr•nt •M•t• 11 8,747 37.395 Ca8h at bank and In hwKI 33,493 40.337 48,142 Cr￿ltOn. •mount• f•llkng du• *lthln on• y••r 12 44,802 44,902 Th• funds of th• ¢h•rlty Rostrictsd ino)me fun UnrestrGtsJ fiJrKI8 13 36,128 2,820 42,779 2,123 44,902 Mrs ## **THE PARTNERSHIP TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ ## **1 Accounting policies** ## **Charity information** The Partnership Trust is an unincorporated charity registered with the Charities Commission. ## **1.1 Accounting convention** The financial statements have been prepared in accordance 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 and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. ## **1.5 Expenditure** Liabilities are recognised as soon as there is a legal or constructive obligation to pay out resources. - 6 - ## **THE PARTNERSHIP TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ ## **1 Accounting policies** **(Continued)** Resources expended are recognised in the year in which they are incurred, are inclusive of irrecoverable VAT, and are analysed as appropriate in the Statement of Financial Activities according to the nature of the expense. No costs are apportioned. Costs of charitable activities include ministry support payments made in accordance with the restrictions placed on their use and costs incurred in connection with administration of these payments. Governance costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Computers 30% straight line over 3 years ## **1.7 Impairment of fixed assets** At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). ## **1.8 Cash and cash equivalents** Cash and cash equivalents include cash in hand and deposits held at call with banks. ## **1.9 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are recognised at transaction price. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. - 7 - ## **THE PARTNERSHIP TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ ## **1 Accounting policies** ## **(Continued)** ## **1.10 Taxation** The charity is not liable to income or capital gains tax on its charitable activities. Irrecoverable VAT is included in the asset cost or expense to which it relates. ## **1.11 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. ## **2 Donations and legacies** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
Donations and gifts
-
221,632
Administrative charges
6,706
-
6,706
221,632|**Total**
Unrestricted
Restricted
funds
funds
**2023**
2022
2022
**£**
£
£
221,632
-
267,251
6,706
6,498
-
228,338
6,498
267,251|Total
2022
£
267,251
6,498| |---|---|---| |||273,749| ## **3 Income from investments** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2023**|**2022**| ||**£**|**£**| |Interest receivable|-|2| - 8 - ## **THE PARTNERSHIP TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ ## **4 Expenditure on charitable activities** |**Direct costs**
Staff costs
Insurance
Ministry support
Computer and office costs
Bank interest and charges
Legal and professional fees
Administrative donations
**Share of support and governance costs (see note 5)**
Governance
**Analysis by fund**
Unrestricted funds
Restricted funds
**5**
**Support costs allocated to activities**
Governance costs
**Analysed between:**
Independent Examiner fees|**2023**
**£**
3,389
449
221,577
765
99
35
6,706
233,020
1,272
234,292
6,009
228,283
234,292
**2023**
**£**
1,272
1,272|**2022**
**£**
3,996
516
282,284
407
115
35
6,377| |---|---|---| |||293,730
1,110| |||294,840| |||6,179
288,661| |||294,840| |||**2022**
**£**
1,110| |||1,110| ## **6 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. ## **7 Employees** The charity employs one part-time administrator. |**2023**|**2022**| |---|---| |**Number**|**Number**| |1|1| - 9 - ## **THE PARTNERSHIP TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ |**7**|**Employees**||**(Continued)**| |---|---|---|---| ||**Employment costs**|**2023**|**2022**| |||**£**|**£**| ||Wages and salaries|3,389|3,996| There were no employees whose annual remuneration was more than £60,000. ## **Remuneration of key management personnel** No remuneration was paid to any of the trustees. None of the trustees was reimbursed for any expenses. ## **8 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. ## **9 Transfers** |**Unrestricted**
**funds**
**Restricted**
**funds**
**2023**
**2023**
**£**
**£**
To correct entries on GAP fund
-
-
Private individuals
-
-
To cover admin costs on
Zimbabwe fund
-
-
To cover admin costs on Peru
fund
-
-
To correct entries on Flag fund
-
(243)
Private individuals
-
243
-
-|**Total**
Unrestricted
funds
Restricted
funds
Total
**2023**
2022
2022
2022
**£**
**£**
**£**
£
-
-
(1,965)
(1,965)
-
-
1,965
1,965
-
100
(100)
-
-
23
(23)
-
(243)
-
-
-
243
-
-
-
-
123
(123)
-|**Total**
Unrestricted
funds
Restricted
funds
Total
**2023**
2022
2022
2022
**£**
**£**
**£**
£
-
-
(1,965)
(1,965)
-
-
1,965
1,965
-
100
(100)
-
-
23
(23)
-
(243)
-
-
-
243
-
-
-
-
123
(123)
-| |---|---|---| |||-| - 10 - ## **THE PARTNERSHIP TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ |**10**
**Tangible fixed assets**
**Cost**
At 1 October 2022
At 30 September 2023
**Depreciation and impairment**
At 1 October 2022
At 30 September 2023
**Carrying amount**
At 30 September 2023
At 30 September 2022
**11**
**Debtors**
**Amounts falling due within one year:**
Other debtors
Prepayments and accrued income
**12**
**Creditors: amounts falling due within one year**
Other creditors
Accruals and deferred income|**Computers**
**£**
1,146
1,146
1,046
1,046
100
100
**2023**
**2022**
**£**
**£**
6,482
8,401
362
346
6,844
8,747
**2023**
**2022**
**£**
**£**
289
290
1,200
1,050
1,489
1,340|**Computers**
**£**
1,146
1,146
1,046
1,046
100
100
**2023**
**2022**
**£**
**£**
6,482
8,401
362
346
6,844
8,747
**2023**
**2022**
**£**
**£**
289
290
1,200
1,050
1,489
1,340| |---|---|---| |||1,146| |||1,046| |||1,046| |||100| |||100| |||**2022**
**£**
8,401
346| |||8,747| |||**2022**
**£**
290
1,050| |||1,340| - 11 - ## **THE PARTNERSHIP TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ ## **13 Restricted funds** The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. |**At 1**
Private individuals
FLAG
GACAH (Mattuga)
GAP
India Project
Little Voices Christian
Elementary Academy
Mantes La Jolie
Mauritius
Networks
POCM
Sachibondu
SEEMA
Zimbabwe
**Previous year:**
**At 1**
Private individuals
FLAG
GACAH (Mattuga)
GAP
India Project
Little Voices Christian
Elementary Academy
Mantes La Jolie
Mauritius
Networks
POCM
Peru
Sachibondu
SEEMA
Zimbabwe|**October**
**2022**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At 30**
**September**
**2023**
**£**
**£**
**£**
**£**
**£**
20,929
130,774
(134,812)
(243)
16,648
65
4,002
(4,220)
243
90
4,495
49,504
(50,406)
-
3,593
-
50
(50)
-
-
225
5,344
(4,380)
-
1,189
741
11,512
(12,130)
-
123
485
1,125
(1,609)
-
1
292
450
(742)
-
-
14,895
13,158
(13,685)
-
14,368
242
3,133
(3,259)
-
116
388
-
(388)
-
-
4
2,580
(2,584)
-
-
18
-
(18)
-
-
42,779
221,632
(228,283)
-
36,128
**October**
**2021**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At 30**
**September**
**2022**
**£**
**£**
**£**
**£**
**£**
22,221
155,872
(159,129)
1,965
20,929
104
5,092
(5,131)
-
65
3,084
53,473
(52,062)
-
4,495
-
2,050
(85)
(1,965)
-
228
4,947
(4,950)
-
225
733
11,420
(11,412)
-
741
481
3,860
(3,856)
-
485
-
1,425
(1,133)
-
292
35,748
23,927
(44,780)
-
14,895
370
4,165
(4,293)
-
242
(2)
25
-
(23)
-
-
400
(12)
-
388
-
575
(571)
-
4
1,345
20
(1,247)
(100)
18
64,312
267,251
(288,661)
(123)
42,779| |---|---| - 12 - ## **THE PARTNERSHIP TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ ## **13 Restricted funds** **(Continued)** Restricted funds represent funds raised to support independent mission partners relying on voluntary support. In the event that a project does not go ahead, funds may be transferred to other projects with the agreement of the donors. ## **14 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. ||**At 1 October**|**At 1 October**|**Incoming**|**Resources**|**Transfers**|**At 30**| |---|---|---|---|---|---|---| |||**2022**|**resources**|**expended**||**September**| |||||||**2023**| |||**£**|**£**|**£**|**£**|**£**| |General funds||2,123|6,706|(6,009)|-|2,820| |**Previous year:**|**At 1 October**||**Incoming**|**Resources**|**Transfers**|**At 30**| |||**2021**|**resources**|**expended**||**September**| |||||||**2022**| |||**£**|**£**|**£**|**£**|**£**| |General funds||1,679|6,500|(6,179)|123|2,123| |**Analysis of net assets between**|**funds**|||||| |||||**Unrestricted**|**Restricted**|**Total**| |||||**funds**|**funds**|| |||||**2023**|**2023**|**2023**| |||||**£**|**£**|**£**| |**At 30 September 2023:**||||||| |Tangible assets||||100|-|100| |Current assets/(liabilities)||||2,720|36,128|38,848| |||||2,820|36,128|38,948| |||||**Unrestricted**|**Restricted**|**Total**| |||||**funds**|**funds**|| |||||**2022**|**2022**|**2022**| |||||**£**|**£**|**£**| |**At 30 September 2022:**||||||| |Tangible assets||||100|-|100| |Current assets/(liabilities)||||2,023|42,779|44,802| |||||2,123|42,779|44,902| ## **15 Analysis of net assets between funds** - 13 - ## **THE PARTNERSHIP TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ ## **16 Related party transactions** No remuneration was paid to any of the trustees. None of the trustees was reimbursed for any expenses. ## **Transactions with related parties** During the year the charity entered into the following transactions with related parties: Trustees donated a total of £1,790 (2022: £2,520) to the charity during the year. Roland Panek and John Raby are also trustees of the Jainagar Trust (John Raby resigned 31 October 2021). During the previous year, the charity received donations of £40,890 from the Jainagar Trust and other donors of which £34,923 was transferred to the relevant recipients on a monthly basis during the year and £5,967 was paid over in the previous year. These receipts and payments are not reflected in the Statement of Financial Activities of the Partnership Trust. This arrangement has now ceased. - 14 -