Contents of the Financial Statements
for the Period Ended 31 December 2024
Directors' report period ended
31 December 2024
The directors present their report with the financial statements of the company for the period ended 31 December 2024
Principal activities of the company
Partner Africa is a pioneer in the field of ethical and socially responsible business practice that delivers high quality and innovative ethical audit and responsible business advisory services to clients.
Partner Africa is driven by a social mission to improve the livelihoods of workers and producers, while assisting access to international supply chains and bridging the skills and standards gap between Africa and the international community.
Partner Africa focuses its work on conducting high quality, worker-centered ethical audits in order to assess the working conditions in factories and farms throughout Africa and identify the salient labour issues for its clients.
All ethical audits involve assessing suppliers against the ILO conventions: - child labour will not be used; freedom of association; no excessive working hours, no discrimination, employment is freely chosen, workers are paid a minimum/living wage; working conditions are safe & hygienic, regular employment is provided, and no harsh or inhumane treatment is allowed.
Partner Africa also undertakes Small Producer Assessments to assess the ethical standards of small producers feeding into export supply chains. Applying codes of conduct to informal and often family run businesses is a complex process. We seek to establish the characteristics, needs and priorities of small producers and their workers, and outline recommendations to maintain standards required as well as to help improve livelihoods.
Partner Africa takes a approach to its work and is committed to forming partnerships with its clients to address the root causes of the salient labour issues identified during ethical audit. With our Pan- Africa reach and experienced local teams in 23 countries we can deliver a wide range of high-end advisory services to international brands and retailers, as well as governments and NGOs.
Our advisory services allow clients to draw upon our knowledge of local capabilities, labour codes and culture to develop programmes that enable them to prevent and remediate non-compliances identified in their operations and supply chain. Our advisory services include:
Human Rights Risk Assessments which enable clients to understand the impact of the operations and supply chains on human rights and understand the associate risks.
In-depth research. Partner Africa carries out long-term, in-depth research into targeted issues within supply chains across Africa including forced labour, child labour, sexual harassment and discrimination. The research findings are used to help companies develop an in-depth understanding of issues in their supply chains and tailor policies and systems to support global efforts to eradicate the worst forms of child labour, forced labour and modern slavery and land grabbing. Partner Africa has also carried out baseline and end line studies to determine the impact of potential or current sourcing strategies within a supply chain or community.
Training and supplier forums. To help clients improve their understanding of responsible business, prevent, and remediate non- compliances Partner Africa offers a range of training programmes for suppliers in Africa that are part of international supply chains.
Supporting companies develop responsible business programmes and policies that enable them to be responsible and be compliant with UNGO's on Business and Human Rights.
Impact assessments and Reporting. Partner Africa is committed to supporting clients assess the impact of their responsible business programmes and preparing high quality robust reports. Partner Africa's team have experience of preparing and reviewing modern slavery reports, ethical trade initiative (ETI) reports, UN Global Compact reports and the organisation of stakeholder panels.
Additional information
Partner Africa's mission is to improve the working conditions and livelihoods of workers and producers in African supply chains. Through its ethical auditing and responsible business advisory services, it positively engages with clients to identify, address and report on the salient environmental, social and governance (ESG) risks in their organisation and sup
United Nations Guiding Principles on Business and Human Rights (UNGPs) and other international best practice standards. It works with companies, communities and governments to achieve its mission. Partner Africa has expertise in several industries, including agribusiness, apparel, manufacturing, services and extractives.
Partner Africa does not have a shareholding structure, and its sole member is Gorta (trading as Self Help Africa), a company limited by guarantee, incorporated in Ireland (company number 105601) with registered offices at Kingsbridge House, 17-22 Parkgate Street, Dublin 8, and registered as a charity (charity number CHY6663).
Partner Africa's integrated approach to social auditing and advisory services has enabled meaningful engagement with organisations across diverse sectors and geographies, fostering sustainable improvements in working conditions and business practices.
In 2024, Partner Africa conducted 894 Social audits, with 794 firms across 28 industries and 22 countries. Through this they engaged 167,291 direct workers and 21,477 indirect workers. Those sites that were found to have non- compliances had over 150,000 Employees. PA recorded over 75% closure rate of NCs within the calendar year. As a result, Partner Africa contributed to the improvement of working conditions of just over 112,500 workers in 2024.
During the same period, the Responsible Business Advisory Department engaged in 33 projects, across 18 industries.
Directors
The directors shown below have held office during the whole of the period from
1 January 2024
to
31 December 2024
Mr Martin Ryan
Ms Catherine Fitzgibbon
Ms Winifred Johansen
Dr. Chinyere Almona
Secretary
Ms Winifred Johansen
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
19 September 2025
And signed on behalf of the board by:
Name: Mr Martin Ryan
Status: Director
Profit And Loss Account
for the Period Ended
31 December 2024
|
2024
|
2023
|
|
£
|
£
|
| Turnover: |
1,972,551
|
1,843,262
|
| Cost of sales: |
(
2,037,961
)
|
(
1,987,288
)
|
| Gross profit(or loss): |
(65,410)
|
(144,026)
|
| Operating profit(or loss): |
(65,410)
|
(144,026)
|
| Profit(or loss) before tax: |
(65,410)
|
(144,026)
|
| Tax: |
(
3,834
)
|
(
7,522
)
|
| Profit(or loss) for the financial year: |
(69,244)
|
(151,548)
|
Balance sheet
As at
31 December 2024
|
Notes |
2024
|
2023
|
|
|
£
|
£
|
| Fixed assets |
| Tangible assets: |
3 |
11,985
|
12,982
|
| Total fixed assets: |
|
11,985
|
12,982
|
| Current assets |
| Debtors: |
4 |
153,251
|
98,393
|
| Cash at bank and in hand: |
|
370,107
|
488,659
|
| Total current assets: |
|
523,358
|
587,052
|
| Creditors: amounts falling due within one year: |
5 |
(
480,441
)
|
(
475,887
)
|
| Net current assets (liabilities): |
|
42,917
|
111,165
|
| Total assets less current liabilities: |
|
54,902
|
124,147
|
| Total net assets (liabilities): |
|
54,902
|
124,147
|
| Members' funds |
| Profit and loss account: |
|
54,902
|
124,147
|
| Total members' funds: |
|
54,902
|
124,147
|
The notes form part of these financial statements
Balance sheet statements
For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
This report was approved by the board of directors on
19 September 2025
and signed on behalf of the board by:
Name:
Mr Martin Ryan
Status: Director
The notes form part of these financial statements
Notes to the Financial Statements
for the Period Ended 31 December 2024
-
1. Accounting policies
Basis of measurement and preparation
These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102
Turnover policy
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Company, can be reliably measured.
Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold.
Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the Company's accounting policies.
On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Company which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
Tangible fixed assets depreciation policy
Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Other accounting policies
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Partner Africa meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The functional currency of Partner Africa is considered to be pounds sterling because that is the currency of the primary economic environment in which the company operates.
In accordance with Section 60 of the Companies Act, 2006, the company is exempt from including the word "Limited" in its name. The company is limited by guarantee and has no share capital.
The organisation's forecasts and projections, taking account of reasonable possible changes in performance, show that the organisation will be able to operate within the level of its current cash resources. The Board have a reasonable expectation that the organisation has adequate resources to continue in operational existence for a period of at least 12 months from the date of approval of these financial statements. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements. Further details regarding the adoption of the going concern basis is included in note 3.
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the reporting date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the statement of financial activities.
Partner Africa is a registered charity with the UK Charities Commission. Tax provided for in the financial statements relates to the Kenyan branch of Partner Africa. The tax expense for the financial year comprises current tax. Tax is recognised in the Statement of Financial Activities.
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the statement of financial activities as a finance cost.
Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable surpluses from which the future reversal of the underlying timing differences can be deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans, which are subsequently measured at amortised cost using the effective interest method.
The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Notes to the Financial Statements
for the Period Ended 31 December 2024
-
2. Employees
|
2024 |
2023 |
| Average number of employees during the period |
23
|
24
|
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was One. The total remuneration for key management personnel for the financial year amounted to #186,321 (2023: £235,751)