2025-12-31-accounts

Swainswick Educational Trust annual report & financial statements for the year ended 31 December 2025

1. legal and administrative details

2. trustees’ report

3. financial statement & balance sheet

4. report of the independent examiner to the trustees

legal and administrative details

Trustees

Wilma Parkinson – clerk and chair

Julie Stuckes

Helen Roberts Diocesan Education Board representative

Julie Bleathman

Susanna Watson (ex-officio - churchwarden)

Revd Cath Candish (ex-officio - Priest in Charge)

registered charity number 1007787 bank Metro Bank One Southampton Row London WC1B 5HA independent examiner Ian Roberts ACA Naille Upper Swainswick Bath BA1 8BX correspondence address Wilma Parkinson clerk to the Trustees Swainswick Educational Trust 29 Elm Grove Swainswick Bath BA1 7 BA 01225 310316 07497 368816 [e-mail]

Swainswick Educational Trust is a registered charity established by a Charity Commission Scheme in 1991, following the sale of School House, Swainswick.

The objectives of the Trust are:

1. Swainswick Educational Trust (SET) is set up to provide special educational benefits not normally provided by the Local Education Authority/Academy Trust, for Swainswick Primary School. Since 2015 this has been in the form of an annual block grant awarded at the May Trustee meeting.

2. SET promotes the education of people who are resident in the Parish of Swainswick and are in need of financial assistance studying at an accredited institution. School-age students in non-advanced education are not eligible. People in advanced education between 18 and 25 will be given priority consideration.

3. SET also promotes education in accordance with the principles and doctrines of the Church of England. This is mainly in the form of grants to St Mary’s Church Swainswick for educational projects and materials, including the parish magazine.

trustees

Trustees are appointed for a period of five years and can be re-appointed. There are three ex-officio trustees: the vicar or priest in charge of the parish and the 2 churchwardens. So if and when new wardens or a priest are appointed, they replace the former wardens or priest.

The diocesan education board of Bath & Wells has the right to nominate or approve a diocesan education representative as a trustee. In addition there may be co-opted trustees. One of the Trustees is appointed to act as clerk (treasurer and secretary) to the Trust. A quorum is formed when there are three trustees.

There are usually three meetings per year with the October one concentrating on assessing the college and university students’ applications and the May one assessing the school application. The link with Swainswick Primary School is a valued one and Trustee Helen Roberts is also a school governor.

Similarly, the link with Swainswick and Woolley church is strong and the three organisations encourage each other with educational projects and support in the community.

The Swainswick and Woolley Mag, which receives an annual grant from the Trust, is distributed free in the parish and is a valuable educational link between church and non church people in the community.

2. trustees’ report for 2025

The Trustees met virtually in January and May and in person in October 2025. They made the following awards:

Swainswick C of E Primary School

An annual grant of £3000 was awarded. This allows the school to use the grant when and where it is most needed. It is not to be used for building works or standard school equipment but music, books, educational trips etc are all acceptable. The school provided a comprehensive annual breakdown of how the money has been spent, with receipts.

Swainswick Parochial Church Council (Swainswick and Woolley church)

Swainswick PCC received £ 1,129 which covered bibles for the Swainswick school leavers, three issues of The Mag and other educational items.

students

Assistance with fees and expenses for 14 undergraduates was provided at £ 13,500. There were 5 new applicants and 2025 ended with 12 students in receipt of grants. All the students have been particularly responsive and applications have again been more informative and detailed.

To ensure sufficient funds for the increasing number of students the sum of £30,000 in realised shares was transferred from CCLA in July to the SET current account at Metro Bank. If this trend continues this may become a regular occurrence.

Swainswick Educational Trust statement of financial activities for the period ended 31 December 2025

INCOMING RESOURCES Central Board of Finance Investment Fund dividends transfer from CCLA TOTAL INCOMING RESOURCES RESOURCES EXPENDED Direct charitable expenditure Higher education grants and awards Vocational courses and expenses Swainswick Primary School Parochial education and information expenses	UNRESTRICTED FUNDS 2025 2024 12,327 12,251 30,000 -	UNRESTRICTED FUNDS 2025 2024 12,327 12,251 30,000 -
	42,327	12,251
	13,500 3,000 1,129	11,500 3,000 1,155

		17,629	15,655
Management and administration costs
Administration costs		57	56
Independent examination of accounts
		57	56
TOTAL RESOURCES EXPENDED		17,686	15,711
NET INCOMING/(OUTGOING) RESOURCES		24,641	-3,460
Unrestricted funds brought forward		20,842	24,301
Unrestricted funds carried forward		45,483	20,841
BALANCE SHEET AS AT 31st DECEMBER 2025
		2025	2024
CURRENT ASSETS
Cash at Metro bank Current account		45,483	20,842
REPRESENTED BY:
Unrestricted funds carried forward		45,483	20,842
OTHER FUNDS
investments as at 31/12/2025
Shares Price per share
18209.9838 £22.1983	404,230.68
Capital investment (£100,000 + interest £45,000)	145,000.00
Gain in value pre-withdrawals	329,230.68
Withdrawals to fund grants expenditure	-70,000.00
	259,230.68
Current investment value	404,230.68
Wilma Parkinson
clerk to the trustees
24 March 2026

Swainswick Educational Trust statement of financial activities for the period ended 31 December 2025

INCOMING RESOURCES Central Board of Finance Investment Fund dividends transfer from CCLA TOTAL INCOMING RESOURCES RESOURCES EXPENDED Direct charitable expenditure Higher education grants and awards Vocational courses and expenses Swainswick Primary School Parochial education and information expenses Management and administration costs Administration costs Independent examination of accounts TOTAL RESOURCES EXPENDED NET INCOMING/(OUTGOING) RESOURCES Unrestricted funds brought forward Unrestricted funds carried forward BALANCE SHEET AS AT 31st DECEMBER 2025 CURRENT ASSETS Cash at Metro bank Current account REPRESENTED BY: Unrestricted funds carried forward OTHER FUNDS investments as at 31/12/25 19524.05 shares @22,246pence per share 404,305.34 capital investment (originally £100000) now total 348,831.27 accrued interest (originally £45000) now 55,474.07 404,305.34	UNRESTRICTED FUNDS 2025 2024 12,327 12,251 30,000 -
	42,327 12,251
	13,500 11,500 3,000 3,000 1,129 1,155
	17,629 15,655
	57 56
	57 56
	17,686 15,711
	24,641 -3,460 20,842 24,301
	45,483 20,841
	2025 2024 45,483 20,842 45,483 20,842

UNRESTRICTED	FUNDS
2025	2A24
L2,327	12,251
30,000 42,327	12,25r
13,500	11,500
3,000	3,000
11aO	1,155
17,629	15,655
57	s5
57	56
17,585	15,711
24,641	-3,464
24,842	24,301,
45,483	20,84t
2025	2424
45,483	20,842
45,483	20,84?

investments 3tlL2l2025 SharesPrice per share
18209.9838€22.L983	404,230.68
Capital investment(t100,000+ interestt45,000)148,000.00
Gain in value pre-withdrawal$	329,230.68
Withdrawalsto fund grants expenditure	-70,000.00
	259,230.68
Current investment value	404,230.68
on itsbehalfby:
WilmaParkinson

Swainswick Edueatlonal Trust sccounts	Swainswick Edueatlonal Trust sccounts
fr6m1Janary 2025to31 December 2025
			expenditure
date	paye€	cheque	amcufit
La/o$2a25	FreyaHiggins	ri.I.	500
rc/aL/207s	Luke De SteCroix	112	500
ra/auz0?5	Joe Davies	113	500
La/ou2025	HarrisonCIist	rt4	so0
\a/au2075	LewisHeaden	115	500
ta/or2025	LiamHeaden	LL6	500
10/all2025	0livia Wood	717	500
ta/aL/2a75	PCCSwainswick church	EACS	208
08/05lzo23	FreyaHlggins	118	500
a8/as/7a25 o8/os1202s	Luke De SteCroix Joe Davies	LLg '120	500 500
a8/a5/2A2s	Harrison Clist	127	500
08/05/202s	LewisHeaden	tzz	500
a8la5/2A25	LiamHeaden	123	500
aslos/2o2s	Olivial/ood	724	500
a8/85/7075	JackDonovan	125	500
oslos/202s	PCCSwainswick church	BACS	195
70/0s/2a25	Swainswick School B&W Academy	BACS	3000
B/fi/2025	Arny Lashbrook	126	500
n/fi/2a25	DannyWilliams	127	500
23/10/2025	SamYoung	128	500
:-3lLa/2D2s	LaurieMills	L79	)W
n/7a/2D25	FreyaHiggins	130	500
n/7a/2025	Luke De SteCroix	737	500
n/La/2a75	loeDavies	132	500
23/10/2O7s	Harrison Clist	133	500
B/7A/zAZs	JackDonovan	L34	500
23/10l2AZs	Arthurtei8h-Wood	135	500
23/rcl?ozs	ArthurCave	136	500
23/tol2a2s	Oscar Donovan	137	500
8lrcl2o7s	PCCSwainswick church	BACS	724.52
B/fi1282s	Clerk annual	BACS	57.fig
expenditure		totalexpenditure	17,685.61
		incorne
78/A2/2A75	CBFdividend	3104.32	D
3uasl2o25	CSFdividend	3104.32	a
291A812A25	CBFdividend	3104.32	R
77/lL/2A25	CBFdividend	30L3.75	p
	transfer fromCCLA	30000.00	K
		totalincome	d12,326.71
exc€ss tncome ouer exo			24,541.L8
investmentsasat	ELlLzlZazs
Shares	Priceper share
18209.9838	€22.1983		404,230,58
Capital investment(f100,000+interest f45,000)			145,000.00
Gaininvaluepre-withdrawals			32?,?,3lr.rili
Withdrawalstofundgrants	expenditure
			259,230.f4
Current investment value			404,230.58
Balancesheet
banh balance{ff25	20,841.51
income	42,326.7r
expenditure	17,685.61
Total	45,482.61
Metrobank3il12l25	45,4&?.61
unreconciled exp	0.00
	45,482.6t
check	45,482.61