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2023-03-31-accounts

REGISTERED COMPANY NUMBER: 03034328 (England and Wales) REGISTERED CHARITY NUMBER: 1045893

REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Page
Chair of the Trustees Report 1 �o 2
Report of the Trustees 3 �o 11
Report of the Independent Auditors 12 �o 15
Statement of Financial Acti�ities 16
Balance Sheet 17
Cash Flo� Statement 18
Notes to the Cash Flo� Statement 19
Notes to the Financial Statements 20 �o 32
Detailed Statement of Financial Acti�ities 33 �o 36

SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

CHAIR OF THE TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023

The �ea� �ha� i� �epo��ed in �he�e acco�n�� �a� one of con�in�ing ��an�i�ion o�� of COVID and in�o a ne� no�mal. I� ha� �aken �ome of o�� membe�� �ime �o �eb�ild �hei� confidence and �e���n �o �hei� ���al �o��ine� b�� �i�h �he ��ppo�� of a b�illian� ��aff �eam �e ha�e �een a��endance a� all �he e�en�� �ha� �e ��n g�o� �o le�el� g�ea�e� �han befo�e �he pandemic.

Demand fo� all SWALLOW�� �e��ice� i� g�o�ing once again, and �hil�� �e aim no� �o ���n people a�a�, �e need �o en���e �ha� �e do no� o�e�commi� o���el�e�, a� �e m��� en���e �ha� �he q�ali�� of o�� ��ppo�� �ha� �e p�o�ide doe� no� ��ffe�.

In �he�e �nce��ain �ime� in �he �ake of �he pandemic, and �i�h �o man� ����ggling �i�h �he co�� of li�ing, �ec��i�men� and �e�en�ion of ��aff ha� been mo�e �han no�mall� challenging fo� all o�gani�a�ion� p�o�iding �ocial ca�e, b�� I am happ� �o �epo�� �ha� �he con�ide�able effo��� of Michelle and he� colleag�e� ha�e been �e�a�ded �i�h no�able ��cce��.

We ha�e al�o �pen� m�ch of �he �ea� �nce��ain abo�� finance: �e �e�e ca�gh� be��een �he need �o inc�ea�e pa� �o �e�ain and �ec��i� ��aff, and �he po��ibili�� �ha� local a��ho�i�� f�nding fo�m�lae migh� no� f�ll� �eflec� infla�iona�� co�� inc�ea�e�. Thi� lef� �he Boa�d con�empla�ing �he need �o d�a� on �e�e��e� b� �he end of �he �ea�. In �he e�en� I am happ� �o �epo�� �ha� �hi� did no� p�o�e �o be nece��a��, b�� i� �a� a �o���ing �ime � fo� �� a� indeed i� �a� fo� e�e��one.

Follo�ing a de�ailed �e�ie� p�oce��, �he Boa�d app�o�ed a ne� F�nd�ai�ing S��a�eg� fo� SWALLOW. I� al�o �e��l�ed in �he appoin�men� of a pa��-�ime ����� f�nd�ai�e� and a �ela�nch of �he SWALLOW �eb�i�e. Celeb�a�ion� fo� o�� 30�h Anni�e��a�� Yea� ��a��ed in 2023 �i�h 30 �ho�� film� co�e�ing all a�pec�� of �he cha�i���� �o�k � �he�e can be �ie�ed on �he cha�i���� �eb�i�e.

SWALLOW�� ��o cafe� � in Rad��ock and Pea�edo�n S� John ha�e con�in�ed �o pla� a h�gel� impo��an� �ole �i�hin �hei� comm�ni�ie� � p�o�iding �afe and �elcoming �pace� and offe�ing �e�� �ea�onabl� p�iced n���i�io�� food, �hich ha� become mo�e and mo�e impo��an� in �he c���en� co�� of li�ing c�i�i�. D��ing 2022 �he� �e�e able �o con��ib��e �o a f�nd fo� Uk�aine �h�o�gh o�� f�nd�ai�ing a� �he cafe�; and bo�h cafe� �e�e in�pec�ed b� �he Food S�anda�d� Agenc�, each �ecei�ing a �a�ing of �5�, �he highe�� �a�ing. The S� Nichola� Caf� opened fo� a comm�ni�� J�bilee e�en� on 4�h J�ne, �hich �a� �e�� ��cce��f�l. Sadl�, �he�e �e�e �ome inciden�� of �andali�m a� �he S� Nichola� Caf�, b�� �e ha�e been �o�king �i�h �he PCC �o ��� and ge� CCTV in��alled. A� Ch�i��ma� �he�e �e�e l�nche�, hampe�� and a ��all a� �he Ch�i��ma� ma�ke� in Ba�h: �he �e��l�ing �ale� fig��e� �e�e imp�e��i�e.

In J�ne I �a� �e�� happ� �o be able �o �elcome Ma�k Rope� a� a T����ee. He b�ing� a �ide �ange of e�pe�ience �o �he �o�k of �he Boa�d of T����ee�. In Ap�il 2023 o�� Ann�al Gene�al Mee�ing �a� �e�� ��cce��f�ll� combined �i�h o�� E�al�a�ion Da�, a� �hich, I �a� p�o�d �o p�e�en� Be� C�ane� �i�h a ���p�i�e gif� in �ecogni�ion of he� 25 �ea��� dedica�ed �o�k and leade��hip of �he o�gani�a�ion.

Page 1

SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD CHAIR OF THE TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023 Finally: in March 2023 we were visited by a group of social workers from South Korea, who had leamed about SWALLOWS great work. They were looking at how OTganisations in the UK work with people with reaming disabilities following a decision by the South Korea govemment to move from residential care to care in the community. They were very impressed and further visits may follow. So, SWALLOWS fame - and I hope its example- has spread across the globe. At SWALLOW we continue to plan for an excitiTYJ future and our long-temi plan, subjecl to funding, is to offer more housing and aciivities for our membe[5 to benefit from. Stephe Chair Page 2

SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

The �����ee� �ho a�e al�o di�ec�o�� of �he cha�i�� fo� �he p��po�e� of �he Companie� Ac� 2006, p�e�en� �hei� �epo�� �i�h �he financial ��a�emen�� of �he cha�i�� fo� �he �ea� ended 31 Ma�ch 2023. The �����ee� ha�e adop�ed �he p�o�i�ion� of Acco�n�ing and Repo��ing b� Cha�i�ie�: S�a�emen� of Recommended P�ac�ice applicable �o cha�i�ie� p�epa�ing �hei� acco�n�� in acco�dance �i�h �he Financial Repo��ing S�anda�d applicable in �he UK and Rep�blic of I�eland (FRS 102) (effec�i�e 1 Jan�a�� 2019).

OBJECTIVES AND ACTIVITIES Objecti�es and principal acti�ities

The cha�i��'� objec�� and p�incipal ac�i�i�ie� a�e �o benefi� all local �eenage�� and ad�l�� �i�h lea�ning di�abili�ie�, p�o�iding ��ppo��ed ho��ing, ed�ca�ion and �ela�ed �e��ice�.

The main ac�i�i�ie� of �he o�gani�a�ion a�e:

  1. S�ppo��ed ho��ing

  2. O���each ��ppo�� in �he comm�ni��

  3. Independen� li�ing �kill� ��aining

  4. The�ape��ic co���e� and da� ac�i�i�ie�

  5. S�ppo��ed emplo�men� and emplo�men� ��aining, incl�ding c�af� and ho��ic�l���e ac�i�i�ie� and �he SWALLOW Comm�ni�� Caf�

  6. Heal�h� li�ing and fi�ne�� ac�i�i�ie�

  7. Social ac�i�i�ie� �o �ed�ce �ocial i�ola�ion

  8. Info�ma�ion and ad�ice

  9. Yo��h G�o�p fo� 13-18 �ea� old� �o aid ��an�i�ion f�om �chool �o �he ad�l� �o�ld.

Each �ea� �he T����ee� �e�ie� �he cha�i��'� objec�i�e� and ac�i�i�ie� �o en���e �ha� �he� con�in�e �o �eflec� o�� aim�. In ca���ing o�� �hi� �e�ie� �he T����ee� ha�e con�ide�ed �he Cha�i�� Commi��ion'� gene�al g�idance on p�blic benefi�.

All of o�� ac�i�i�ie� �elcome all �eenage�� and ad�l�� �i�h lea�ning di�abili�ie� �ega�dle�� of pe��onal backg�o�nd, fai�h, gende� o� pe��onal ci�c�m��ance�. We do make �ome cha�ge� �o�a�d� ac�i�i�ie�, b�� �he�e a�e of�en ��b�idi�ed and conce��ion� a�e offe�ed �he�e po��ible �o �ho�e on lo� income� �o make �hem affo�dable �o all.

Volunteers

SWALLOW ha� a dedica�ed �eam of �ol�n�ee�� �ho ��ppo�� �he �o�k of �he cha�i�� in a �a�ie�� of �ole�. O�� T����ee Boa�d and o�� membe�� on �he Managemen� Commi��ee all gi�e �hei� �ime fo� f�ee and �e ha�e a g�o�ing n�mbe� of people helping in all a�ea� of o�� �o�k, making a �i�al con��ib��ion.

ACHIEVEMENT AND PERFORMANCE

Charitable acti�ities

The aim of �he cha�i�� i� �o ma�imi�e �he ��ppo�� offe�ed �o �eenage�� and ad�l�� �i�h lea�ning di�abili�ie�, and �o gi�e �hem �he �kill� and oppo���ni�ie� �ha� �he� need �o li�e f�ll and independen� li�e�. SWALLOW ��e� i�� �e�o��ce� �o achie�e �he�e aim�. The Chai�man'� Repo�� o��line� �he main achie�emen�� of �he o�gani�a�ion �hi� �ea�.

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SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Fundraising acti�ities

We ha�e �een a mode�� �i�e in mone� f�om �ol�n�a�� �o��ce� �hi� �ea�, ho�e�e� f�nd�ai�ing ��ill con�in�e� �o be diffic�l� d�e �o �he economic clima�e and �he�e being man� demand� on �he f�nd� a�ailable. The cha�i�� i� �e�� g�a�ef�l fo� �he ��ppo�� of �he local comm�ni�� and �o all �ho�e �ho ha�e kindl� dona�ed �o o�� �o�k, e�peciall� �he fan�a��ic f�nd�ai�ing b� ��aff and membe�� in SWALLOW�� 30�h Anni�e��a�� �ea�.

FINANCIAL REVIEW

Principal funding sources

Mo�� of �he f�nding fo� SWALLOW �e��ice� come� on an indi�id�al ba�i� �h�o�gh pe��onali�ed b�dge�� fo� �eenage�� and ad�l�� �i�h lea�ning di�abili�ie�, �hich a�e �e� and app�o�ed b� Ba�h and No��h Ea�� Some��e� Co�ncil (B&NES), b�� �ha� ��ppo�� each indi�id�al b��� f�om p�o�ide�� i� decided b� �ha� membe� in di�c���ion� �i�h hi�/he� ca�e�. Some f�nding fo� ��ppo��ed ho��ing come� f�om indi�id�al�' di�ec� pa�men��. Thi� f�nding i� di�ec�l� �ela�ed �o �he �enan�� and �he ��ppo�� need� fo� �hich �he� ha�e been a��e��ed. SWALLOW al�o �ecei�e� a g�an� f�om �he local a��ho�i��, �h�o�gh HCRG g�o�p, �o co�e� co��� a��ocia�ed �i�h �enan��� ho��ing ��ppo�� need� and membe� led ac�i�i�ie� and ��ppo��.

The �e�� of �he co�� i� �ai�ed f�om �ol�n�a�� �o��ce� ��ch a� cha�i�able ������, companie�, f�nd�ai�ing e�en�� and indi�id�al dona�ion�.

In�estment polic� and performance

The T����ee� keep o�� in�e��men� polic� �nde� con��an� �e�ie� d�e �o �he �apidl� changing financial ma�ke� condi�ion�. O�� po��folio of depo�i�� �i�h a �a�ie�� of bank� on �he Flag��one Pla�fo�m, �ia CAF, ha�e benefi�ed f�om �he inc�ea�e in in�e�e�� �a�e�. O�� in�e��men� in medi�m �i�k in�e��men� f�nd�, made �hi� �ea�, ha� al�o made ��ead� p�og�e�� and i� an impo��an� di�e��ifica�ion of o�� �e�e��e�. De�ail� of �hi� in�e��men� a�e �ho�n in �he acco�n��.

Reser�es polic�

The T����ee� ha�e �e�ie�ed �he need fo� �e�e��e� in line �i�h �he g�idance i���ed b� �he Cha�i�� Commi��ion and ha�e de�e�mined �he follo�ing polic�, �hich �ill be �e�ie�ed ann�all�:

The T����ee� �ecogni�e �ha� �he�e i� a �ol�n�a�� income �i�k in �he c���en� economic clima�e, a �ocial en�e�p�i�e income �i�k in c���en� ma�ke� condi�ion�, �he ongoing change� �i�hin p�blic �ec�o� f�nding and �ed�ced dona�ion� a�i�ing f�om �he �ola�ili�� d�e �o �he pandemic and o�he� �o�ld fac�o��.

F�om di�c���ion� a� �he T����ee Boa�d, i� ha� been decided �ha� SWALLOW ma� main�ain �e�e��e� fo� a �a�ie�� of p��po�e� incl�ding, b�� no� limi�ed �o, �he follo�ing:

a) To enable �he �e��ice� p�o�ided �o �eenage�� and ad�l�� �i�h lea�ning di�abili�ie� �o con�in�e d��ing an� pe�iod of di���p�ion in �he cha�i��'� income;

b) To co�e� �e� �p co��� fo� ne� �e��ice ini�ia�i�e�, p�io� �o income being �ecei�ed;

c) To co�e� nece��a�� ongoing co��� and finance an� legal obliga�ion� if a majo� �o��ce of f�nding cea�e�, ei�he� �ol�n�a�il� o� comp�l�o�il�, ca��ing pa��� of �he b��ine�� �o cea�e.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

FINANCIAL REVIEW

Unrestricted Reser�es

A� pa�� of i�� ann�al b�dge�-�e��ing, �he T����ee� �ill con�ide� �he le�el of �n�e���ic�ed �e�e��e� i� i� app�op�ia�e fo� �he cha�i�� �o keep �o mee� i�� obliga�ion�, �o hedge again�� po��ible �i�k� and �o f�nd i�� f����e plan�. The T����ee� ha�e ag�eed �ha� fo� �he c���en� �ea� �n�e���ic�ed �e�e��e� �ho�ld be in �he �ange of be��een �393,317 and �786,635, �hich �ep�e�en�� 3 �o 6 mon�h� of ann�al e�pendi���e. The T����ee� �ill con�in�e �o moni�o� �he �n�e���ic�ed �e�e��e� d��ing �he financial �ea�.

Restricted Reser�es

Re���ic�ed �e�e��e� a�e held �hen mone� �ai�ed in �he p�e�io�� �ea� fo� �pecific cha�i�able ac�i�i�ie� �emain� �n�pen� a� �he �ea� end and i� ca��ied o�e� �o be �pen� in f����e �ea��.

Accounting

Thi� �ea� �e ha�e again �nde��aken a f�ll a�di� of �he Cha�i��'� acco�n��, a� �he income �h�e�hold of �1million �e� b� �he Cha�i�� Commi��ion ha� been e�ceeded.

Re�ie�

A� 31 Ma�ch 2023, Un�e���ic�ed Re�e��e�, a� defined, amo�n�ed �o �619,515 compa�ed �o a �a�ge� �ange of �h�ee �o �i� mon�h'� ��nning co���, ie �393,317 and �786,635.

Re�ie� of the charit�'s financial position

In �he �ea� �o Ma�ch 2023, co�e�ed b� �he�e acco�n�� �e ha�e achie�ed a ���pl�� of �7,834. Thi� �a� a �e�� po�i�i�e �e��l� in ligh� of �he p�e����e� on �he o�gani�a�ion�� finance� d�e �o �he co�� of li�ing inc�ea�e� and i� d�e �o �o�nd financial managemen� and con��ol.

FUTURE STRATEGY

A� �e look �o �he f����e and �o �he ne�� 30 �ea��, �he need fo� �he ��ppo�� �ha� SWALLOW p�o�ide� �o �eenage�� and ad�l�� �i�h lea�ning di�abili�ie� �ill �emain a� �i�al a� i� i� no�, j��� like �e �e�e needed back in 1993. The en�i�onmen� in �hich �he cha�i�� �o�k� ha� changed and man� imp�o�emen�� in �ocial ca�e ha�e been made, ho�e�e�, �he�e i� inc�ea�ed p�e����e on f�nding and a h�ge inc�ea�e in demand.

SWALLOW ha� g�o�n in �e�pon�e �o need and no� ��ppo��� o�e� 150 �eenage�� and ad�l�� �i�h lea�ning di�abili�ie� in a �ide �a�ie�� of �a�� b�� �he�e i� mo�e ��ill �o be done and mo�e people �o be helped. SWALLOW�� �o�k i� �ele�an� and effec�i�e beca��e i� i� membe� led � people �i�h lea�ning di�abili�ie� d�i�e �he di�ec�ion of �he cha�i�� and challenge �he ��aff �eam �o help �hem �o achie�e mo�e.

O�� ���a�eg� fo� g�o��h i� mea���ed and ��ead� � main�aining �he q�ali�� of o�� �e��ice� i� ke� and �o do �hi� �e need �o �ec��i�, ��ain and manage a cohe�i�e ��aff �eam, en���ing �ha� �he ��ppo�� a� �he co�e of �he o�gani�a�ion i� �olid and �n�a�e�ing.

He�e a�e SWALLOW'� plan� fo� �he �ea� in each a�ea, �he�e a�e info�med, a� al�a��, b� �he �i�he� of o�� membe��.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

FUTURE STRATEGY

Supported Housing - �he�e con�in�e� �o be high demand fo� o�� ho��ing �e��ice� and �e a�e in di�c���ion� �i�h �he Local A��ho�i�� �ega�ding ho� SWALLOW can plan �o mee� demand in �he f����e.

Outreach - �hi� con�in�e� �o be a �i�all� impo��an� pa�� of �he ��ppo�� �e offe�, �e al�a�� ��� �o �e�pond �o �ho�e �ho need one �o one ��ppo�� in �he comm�ni��.

Base House - i� SWALLOW'� ��aining ho��e, ba�ed in Mid�ome� No��on, �eaching �eenage�� and ad�l�� �i�h lea�ning di�abili�ie� independen� li�ing �kill� and al�o p�o�iding o�� membe�� and �hei� familie� and ca�e�� m�ch needed �e�pi�e. Demand i� high fo� �hi� �niq�e �e��ice and �e a�e looking a� �he po��ibili�� of �ec��ing a �econd loca�ion fo� Ba�e Ho��e T�o.

Da� Acti�ities and Courses - �e ha�e a �ib�an� �ime�able of �eekl� ac�i�i�ie� �hich a�e e���emel� pop�la� incl�ding a�� co���e� and ac�i�i�� da�� �hich �e hope �o be able �o g�o� �o be able �o cope �i�h �he demand fo� place�.

Emplo�ment - o�� �h�ee ���and� of �o�k �kill� a�e c�af� ba�ed, ho��ic�l���e and �he ��o comm�ni�� cafe�, �e al�o enco��age ��ppo��ed emplo�men� oppo���ni�ie� �i�hin SWALLOW. Thi� i� an a�ea of foc�� and �e aim �o help membe�� �o�a�d� �hei� d�eam of meaningf�l emplo�men�.

The t�o SWALLOW Communit� Caf�s -bo�h cafe� p�o�ide a �a�m and �elcoming �afe �pace offe�ing �e�� �ea�onabl� p�iced n���i�io�� food, �hil�� gi�ing SWALLOW membe�� ��aining and e�pe�ience in ca�e�ing. The cafe� �ho� �he local comm�ni�� �ha� people �i�h lea�ning di�abili�ie� can achie�e.

Social, Sports and Youth Acti�ities - �he�e ac�i�i�ie� make a h�ge diffe�ence �o o�� membe��' �eek, b�igh�ening �p �hei� li�e� and �ed�cing �ocial i�ola�ion - o�� membe�� cho�e �he ac�i�i�ie� �ha� �he� �o�ld like �o do and �e �e�pond b� making �hem happen. We enco��age mo�emen� and e�e�ci�e �o keep fi� and ha�e f�n, �i�al fo� ph��ical and men�al heal�h.

Caring for the staff team - SWALLOW ha� a fan�a��ic �eam of indi�id�al� bo�h �o�king and �ol�n�ee�ing fo� �he cha�i��. We �ill con�in�e �o �al�e �hi� �eam and �o in�e�� in �hei� ��aining and de�elopmen� �o enhance �kill� and �e�a�d commi�men�. The ��aff �eam'� empa�h�, ca�e and dedica�ion ha�e helped �he cha�i�� �o become �ha� i� i� �oda� and a� �e look �o �he ne�� 30 �ea��, �he� �emain �i�al �o �he o�gani�a�ion'� f����e.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Go�erning document

The o�gani�a�ion i� a cha�i�able compan� limi�ed b� g�a�an�ee, inco�po�a�ed and �egi��e�ed a� a cha�i�� on 17 Ma�ch 1995. The compan� �a� e��abli�hed �nde� a Memo�and�m of A��ocia�ion �hich e��abli�hed �he objec�� and po�e�� of �he cha�i�able compan� and i� go�e�ned �nde� i�� A��icle� of A��ocia�ion. In �he e�en� of �he compan� being �o�nd �p, membe�� a�e �eq�i�ed �o con��ib��e an amo�n� no� e�ceeding �10. The �o�al n�mbe� of ��ch g�a�an�ee� a� 31 Ma�ch 2023 �a� 164 (2022 162).

Recruitment and appointment of the Board of Trustees

Membe�� of �he Boa�d of T����ee�, �ho a�e Di�ec�o�� fo� �he p��po�e of compan� la� and T����ee� fo� �he p��po�e of cha�i�� la�, a�e elec�ed a� �he AGM �o �e��e fo� a pe�iod of 3 �ea�� af�e� �hich �he� m��� be �e-elec�ed a� �he ne�� AGM.

A� �he cha�i�� i� ��e�-led and �o�k� �i�h �eenage�� and ad�l�� �i�h lea�ning di�abili�ie�, i� i� impo��an� �ha� �he T����ee Boa�d membe�� ha�e empa�h� and �nde���anding of �he need� of SWALLOW'� membe��. T����ee� a�e �ec��i�ed, a� �eq�i�ed, �h�o�gh a �a�ie�� of media, bo�h local and na�ional. The aim i� �o �ec��i� indi�id�al� �i�h a b�oad �ange of �kill� �o complemen� �ho�e �e al�ead� ha�e �i�hin �he T����ee Boa�d.

T����ee� a�e a�ked �o p�o�ide a li�� of �hei� �kill� and �pda�e i� each �ea� �o �ha� �kill� gap� can be iden�ified. Po�en�ial T����ee� a�e gi�en an NCVO pack o��lining �he �ole� and �e�pon�ibili�ie� of T����ee� a� �ell a� a��ending a p�elimina�� mee�ing �o en���e �ha� T����ee� a�e a�a�e of �he commi�men� in�ol�ed.

Organisational structure

The T����ee Boa�d mee�� e�e�� eigh� �eek� and i� �e�pon�ible fo� �he ���a�egic di�ec�ion, financial �iabili�� and o�e�all �ell-being of �he Cha�i��. I�� aim i� �o en���e �ha� �he �e�o��ce� of �he Cha�i�� a�e applied �o �he ma�im�m benefi� of �he membe��. The Chief E�ec��i�e, F�nd�ai�ing and Finance Manage� and �he HR Manage� al�o a��end �he Boa�d Mee�ing�.

A� SWALLOW i� a ��e�-led o�gani�a�ion, �e al�o ha�e a Managemen� Commi��ee made �p of �hi��een membe��. Thi� g�o�p al�o mee�� eigh� �eekl� and ad�i�e� and g�ide� �he T����ee Boa�d on membe��' �i�he� and need�. A� lea�� one T����ee a��end� each mee�ing and �epo��� back �o �he T����ee Boa�d.

The da� �o da� ��nning of �he o�gani�a�ion i� �he �e�pon�ibili�� of �he Chief E�ec��i�e. Repo��ing �o �he Chief E�ec��i�e a�e �he F�nd�ai�ing and Finance Manage�, �he Regi��e�ed Manage�, �ho o�e��ee� o�� S�ppo��ed Ho��ing, Ba�e Ho��e and O���each, a� �ell a� �he HR Manage� and �he Co���e� Manage�..

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SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Induction and training of ne� trustees

Ne� T����ee� �nde��ake an e��en�i�e and comp�ehen�i�e ind�c�ion and ��aining p�og�amme, �hich incl�de�:

  1. Mee�ing� �i�h �he Chai� of T����ee�, �he Chief E�ec��i�e and o�he� �enio� membe�� of ��aff

  2. Vi�i�� �o �he Head Office, Redfield Road, The Ha��ho�n� and Ba�e Ho��e and �he SWALLOW Comm�ni�� Caf�

  3. A��ending a Managemen� Commi��ee (membe��) mee�ing

  4. Info�ma�ion pack incl�ding �he go�e�ning doc�men�� and policie� and p�oced��e�, �ecen� financial info�ma�ion and ���a�egic doc�men�� and ac�ion plan

Risk re�ie�

The T����ee Boa�d, in compliance �i�h �he SORP, cond�c�� an ann�al �e�ie� of �he majo� �i�k� �o �hich �he cha�i�� i� e�po�ed. A �i�k �egi��e� ha� been e��abli�hed and, �he�e app�op�ia�e, ����em� o� p�oced��e� ha�e been e��abli�hed �o mi�iga�e �he �i�k� faced and a ��b-commi��ee of �he T����ee Boa�d ha� been fo�med �o �e�ie� �he �i�k �egi��e� on a �eg�la� ba�i� and �epo�� back �o �he Boa�d.

The o�gani�a�ion con�in�all� look� �o �e�ie� and moni�o� �e��ice� in line �i�h local a��ho�i�� and Ca�e Q�ali�� Commi��ion �eq�i�emen��, �o en���e �he highe�� q�ali�� i� main�ained.

In con�ide�ing �he majo� �i�k� �o �he cha�i��, �he T����ee� ha�e �ecogni�ed �ha� �he mo�� infl�en�ial one �o�ld be �he lo�� of f�nding �o i�� co�e b��ine��. In �hi� �e�pec�, �he T����ee� a�e implemen�ing a polic� of di�e��ifica�ion and a�e e��ending �he ac�i�i�ie� of �he Cha�i�� �o incl�de o�he� �ela�ed p�ojec�� and oppo���ni�ie� fo� people �i�h lea�ning di�abili�ie� �an�ing �o li�e independen� li�e�. Thi� �ill help �he Cha�i�� �o ���eng�hen i�� financial po�i�ion and con�in�e �o achie�e �he o�iginal objec�i�e� of �he Con��i���ion.

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SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

REFERENCE AND ADMINISTRATIVE DETAILS Registered Compan� number

03034328 (England and Wale�)

Registered Charit� number

1045893

Registered office

The Old Engine Ho��e Old Pi� Road Mid�ome� No��on Rad��ock BA3 4BQ

Trustees

S Ba��an (Chai� of T����ee�) J W F�eeman A C Ge�man S Ha�ke� C Neg�� M Rope� (appoin�ed 13.6.22) J So��e� D M Va�ghan C P Winpenn�

Compan� Secretar�

N Te�

Auditors

PG O�en Limi�ed Cha��e�ed Acco�n�an�� and S�a���o�� A�di�o�� 124 High S��ee� Mid�ome� No��on Ba�h BA3 2DA

Solicitors

Tha�che� and Hallam I�land Ho��e Mid�ome� No��on BA3 2HJ

Bankers

CAF Bank L�d 25 King� Hill A�en�e King� Hill We�� Malling Ken� ME19 4JQ

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SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

REFERENCE AND ADMINISTRATIVE DETAILS Patron

J C�ll�m DL

Hon Vice Presidents

K F A�kin�on A E F Q�inn

Senior Management Team

B C�ane� Chief E�ec��i�e J Willco� Regi��e�ed Manage� M Co� H�man Re�o��ce� Manage� N Te� F�nd�ai�ing and Finance Manage�

RESULTS

The Ne� Incoming Re�o��ce� fo� �he �ea� �o 31 Ma�ch 2023 amo�n�ed �o �7,834 (2022 �28,835). Re���ic�ed Re�e��e� a� 31 Ma�ch 2023 amo�n�ed �o �28,119 (2022 �23,863) and Un�e���ic�ed Re�e��e� amo�n�ed �o �619,515 (2022 �615,937).

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The �����ee� (�ho a�e al�o �he di�ec�o�� of So��h We�� Ac�ion fo� Lea�ning and Li�ing O�� Wa� L�d fo� �he p��po�e� of compan� la�) a�e �e�pon�ible fo� p�epa�ing �he Ann�al Repo�� and �he financial ��a�emen�� in acco�dance �i�h applicable la� and Uni�ed Kingdom Acco�n�ing S�anda�d� (Uni�ed Kingdom Gene�all� Accep�ed Acco�n�ing P�ac�ice) incl�ding Financial Repo��ing S�anda�d 102 "The Financial Repo��ing S�anda�d applicable in �he UK and Rep�blic of I�eland".

Compan� la� �eq�i�e� �he �����ee� �o p�epa�e financial ��a�emen�� fo� each financial �ea� �hich gi�e a ���e and fai� �ie� of �he ��a�e of affai�� of �he cha�i�able compan� and of �he incoming �e�o��ce� and applica�ion of �e�o��ce�, incl�ding �he income and e�pendi���e, of �he cha�i�able compan� fo� �ha� pe�iod. In p�epa�ing �ho�e financial ��a�emen��, �he �����ee� a�e �eq�i�ed �o

The �����ee� a�e �e�pon�ible fo� keeping p�ope� acco�n�ing �eco�d� �hich di�clo�e �i�h �ea�onable acc��ac� a� an� �ime �he financial po�i�ion of �he cha�i�able compan� and �o enable �hem �o en���e �ha� �he financial ��a�emen�� compl� �i�h �he Companie� Ac� 2006. The� a�e al�o �e�pon�ible fo� �afeg�a�ding �he a��e�� of �he cha�i�able compan� and hence fo� �aking �ea�onable ��ep� fo� �he p�e�en�ion and de�ec�ion of f�a�d and o�he� i��eg�la�i�ie�.

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SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS So far as the trustees are aware. there is no relevant information (as defined by Sects'on 418 of the Companies Act 2006) of which the charitable company's auditors are unaware. and each trustee has taken all the steps that they ought to have taken as a trustee in order to make them aware of any audit information and to establish that the charitable company's auditors are aware of that information. AUDITORS The auditors. PG Owen Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting. This report has been prepared in accordan￿ with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on its behalf by: and signed on C P Winpenny- Tru Pagell

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

Opinion

We ha�e a�di�ed �he financial ��a�emen�� of So��h We�� Ac�ion fo� Lea�ning and Li�ing O�� Wa� L�d (�he 'cha�i�able compan�') fo� �he �ea� ended 31 Ma�ch 2023 �hich comp�i�e �he S�a�emen� of Financial Ac�i�i�ie�, �he Balance Shee�, �he Ca�h Flo� S�a�emen� and no�e� �o �he financial ��a�emen��, incl�ding a ��mma�� of �ignifican� acco�n�ing policie�. The financial �epo��ing f�ame�o�k �ha� ha� been applied in �hei� p�epa�a�ion i� applicable la� and Uni�ed Kingdom Acco�n�ing S�anda�d� (Uni�ed Kingdom Gene�all� Accep�ed Acco�n�ing P�ac�ice), incl�ding Financial Repo��ing S�anda�d 102 'The Financial Repo��ing S�anda�d applicable in �he UK and Rep�blic of I�eland'.

In o�� opinion �he financial ��a�emen��:

Basis for opinion

We cond�c�ed o�� a�di� in acco�dance �i�h In�e�na�ional S�anda�d� on A�di�ing (UK) (ISA� (UK)) and applicable la�. O�� �e�pon�ibili�ie� �nde� �ho�e ��anda�d� a�e f���he� de�c�ibed in �he A�di�o��' �e�pon�ibili�ie� fo� �he a�di� of �he financial ��a�emen�� �ec�ion of o�� �epo��. We a�e independen� of �he cha�i�able compan� in acco�dance �i�h �he e�hical �eq�i�emen�� �ha� a�e �ele�an� �o o�� a�di� of �he financial ��a�emen�� in �he UK, incl�ding �he FRC'� E�hical S�anda�d, and �e ha�e f�lfilled o�� o�he� e�hical �e�pon�ibili�ie� in acco�dance �i�h �he�e �eq�i�emen��. We belie�e �ha� �he a�di� e�idence �e ha�e ob�ained i� ��fficien� and app�op�ia�e �o p�o�ide a ba�i� fo� o�� opinion.

Conclusions relating to going concern

In a�di�ing �he financial ��a�emen��, �e ha�e concl�ded �ha� �he �����ee�' ��e of �he going conce�n ba�i� of acco�n�ing in �he p�epa�a�ion of �he financial ��a�emen�� i� app�op�ia�e.

Ba�ed on �he �o�k �e ha�e pe�fo�med, �e ha�e no� iden�ified an� ma�e�ial �nce��ain�ie� �ela�ing �o e�en�� o� condi�ion� �ha�, indi�id�all� o� collec�i�el�, ma� ca�� �ignifican� do�b� on �he cha�i�able compan�'� abili�� �o con�in�e a� a going conce�n fo� a pe�iod of a� lea�� ��el�e mon�h� f�om �hen �he financial ��a�emen�� a�e a��ho�i�ed fo� i���e.

O�� �e�pon�ibili�ie� and �he �e�pon�ibili�ie� of �he �����ee� �i�h �e�pec� �o going conce�n a�e de�c�ibed in �he �ele�an� �ec�ion� of �hi� �epo��.

Other information

The �����ee� a�e �e�pon�ible fo� �he o�he� info�ma�ion. The o�he� info�ma�ion comp�i�e� �he info�ma�ion incl�ded in �he Ann�al Repo��, o�he� �han �he financial ��a�emen�� and o�� Repo�� of �he Independen� A�di�o�� �he�eon.

O�� opinion on �he financial ��a�emen�� doe� no� co�e� �he o�he� info�ma�ion and, e�cep� �o �he e��en� o�he��i�e e�plici�l� ��a�ed in o�� �epo��, �e do no� e�p�e�� an� fo�m of a����ance concl��ion �he�eon.

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

In connec�ion �i�h o�� a�di� of �he financial ��a�emen��, o�� �e�pon�ibili�� i� �o �ead �he o�he� info�ma�ion and, in doing �o, con�ide� �he�he� �he o�he� info�ma�ion i� ma�e�iall� incon�i��en� �i�h �he financial ��a�emen�� o� o�� kno�ledge ob�ained in �he a�di� o� o�he��i�e appea�� �o be ma�e�iall� mi���a�ed. If �e iden�if� ��ch ma�e�ial incon�i��encie� o� appa�en� ma�e�ial mi���a�emen��, �e a�e �eq�i�ed �o de�e�mine �he�he� �hi� gi�e� �i�e �o a ma�e�ial mi���a�emen� in �he financial ��a�emen�� �hem�el�e�. If, ba�ed on �he �o�k �e ha�e pe�fo�med, �e concl�de �ha� �he�e i� a ma�e�ial mi���a�emen� of �hi� o�he� info�ma�ion, �e a�e �eq�i�ed �o �epo�� �ha� fac�. We ha�e no�hing �o �epo�� in �hi� �ega�d.

Opinions on other matters prescribed b� the Companies Act 2006

In o�� opinion, ba�ed on �he �o�k �nde��aken in �he co���e of �he a�di�:

Matters on �hich �e are required to report b� e�ception

In �he ligh� of �he kno�ledge and �nde���anding of �he cha�i�able compan� and i�� en�i�onmen� ob�ained in �he co���e of �he a�di�, �e ha�e no� iden�ified ma�e�ial mi���a�emen�� in �he Repo�� of �he T����ee�.

We ha�e no�hing �o �epo�� in �e�pec� of �he follo�ing ma��e�� �he�e �he Companie� Ac� 2006 �eq�i�e� �� �o �epo�� �o �o� if, in o�� opinion:

Responsibilities of trustees

A� e�plained mo�e f�ll� in �he S�a�emen� of T����ee�' Re�pon�ibili�ie�, �he �����ee� (�ho a�e al�o �he di�ec�o�� of �he cha�i�able compan� fo� �he p��po�e� of compan� la�) a�e �e�pon�ible fo� �he p�epa�a�ion of �he financial ��a�emen�� and fo� being �a�i�fied �ha� �he� gi�e a ���e and fai� �ie�, and fo� ��ch in�e�nal con��ol a� �he �����ee� de�e�mine i� nece��a�� �o enable �he p�epa�a�ion of financial ��a�emen�� �ha� a�e f�ee f�om ma�e�ial mi���a�emen�, �he�he� d�e �o f�a�d o� e��o�.

In p�epa�ing �he financial ��a�emen��, �he �����ee� a�e �e�pon�ible fo� a��e��ing �he cha�i�able compan�'� abili�� �o con�in�e a� a going conce�n, di�clo�ing, a� applicable, ma��e�� �ela�ed �o going conce�n and ��ing �he going conce�n ba�i� of acco�n�ing �nle�� �he �����ee� ei�he� in�end �o liq�ida�e �he cha�i�able compan� o� �o cea�e ope�a�ion�, o� ha�e no �eali��ic al�e�na�i�e b�� �o do �o.

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

Our responsibilities for the audit of the financial statements

O�� objec�i�e� a�e �o ob�ain �ea�onable a����ance abo�� �he�he� �he financial ��a�emen�� a� a �hole a�e f�ee f�om ma�e�ial mi���a�emen�, �he�he� d�e �o f�a�d o� e��o�, and �o i���e a Repo�� of �he Independen� A�di�o�� �ha� incl�de� o�� opinion. Rea�onable a����ance i� a high le�el of a����ance, b�� i� no� a g�a�an�ee �ha� an a�di� cond�c�ed in acco�dance �i�h ISA� (UK) �ill al�a�� de�ec� a ma�e�ial mi���a�emen� �hen i� e�i���. Mi���a�emen�� can a�i�e f�om f�a�d o� e��o� and a�e con�ide�ed ma�e�ial if, indi�id�all� o� in �he agg�ega�e, �he� co�ld �ea�onabl� be e�pec�ed �o infl�ence �he economic deci�ion� of ��e�� �aken on �he ba�i� of �he�e financial ��a�emen��.

The e��en� �o �hich o�� p�oced��e� a�e capable of de�ec�ing i��eg�la�i�ie�, incl�ding f�a�d i� de�ailed belo�:

O�� app�oach �o iden�if�ing and a��e��ing �he �i�k� of ma�e�ial mi���a�emen� in �e�pec� of i��eg�la�i�ie�, incl�ding f�a�d and non-compliance �i�h la�� and �eg�la�ion�, �a� a� follo��; - �he engagemen� pa��ne� en���ed �ha� �he engagemen� �eam collec�i�el� had �he app�op�ia�e compe�ence, capabili�ie� and �kill� �o iden�if� o� �ecogni�e non-compliance �i�h applicable la�� and �eg�la�ion�;

We a��e��ed �he ���cep�ibili�� of �he cha�i��'� financial ��a�emen�� �o ma�e�ial mi���a�emen�, incl�ding ob�aining an �nde���anding of ho� f�a�d migh� occ��, b�;

�o f�a�d, �hei� kno�ledge of ac��al, ���pec�ed and alleged f�a�d;

To add�e�� �he �i�k of f�a�d �h�o�gh managemen� bia� and o�e��ide of con��ol�, �e;

Page 14

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to= agreeing financial statement disclosures to underlying supporting documentation reading the minutes of meetings of those charged with governance; enquiring of management as to actual and potential litigation and claims. and reviewing correspondence with HMRC, relevant regulators and the company's legal advisors. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-complian￿. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal corresponden￿, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body. for our audit work, for this report, or for the opinions we have formed. R N Browning BA{Hons) FCCA FCA FAIA (Senior Statutory Auditor) for and on behalf of PG Owen Limited Chartered Accountants and Statutory Auditors 124 High Street Midsomer Norton Bath BA3 2DA Date.. 2oZg. Owen Limited Page IS Chart8rcd A¢countants & Fii)8neial Advisor

SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023

Un�e���ic�ed
f�nd�
No�e�

INCOME AND ENDOWMENTS FROM
Dona�ion� and legacie�
2
47,307
Charitable acti�ities
5
Ac�i�i�ie� �o f���he� cha�i��'� objec�i�e�
1,371,385
O�he� ��ading ac�i�i�ie�
3
28,555
In�e��men� income
4
9,875
Total
1,457,122
EXPENDITURE ON
Rai�ing f�nd�
6
4,538
Charitable acti�ities
7
Di�ec� cha�i�able e�pendi���e
1,314,762
Managemen� and admini���a�ion
134,244
Total
1,453,544
NET INCOME
3,578
RECONCILIATION OF FUNDS
To�al f�nd� b�o�gh� fo��a�d
615,937
TOTAL FUNDS CARRIED FORWARD
619,515
2023
2022
Re���ic�ed
To�al
To�al
f�nd
f�nd�
f�nd�



27,476
74,783
66,978
- 1,371,385 1,259,534
-
28,555
34,388
-
9,875
2,323
27,476 1,484,598 1,363,223
2023
2022
Re���ic�ed
To�al
To�al
f�nd
f�nd�
f�nd�



27,476
74,783
66,978
- 1,371,385 1,259,534
-
28,555
34,388
-
9,875
2,323
27,476 1,484,598 1,363,223
-
4,538
4,993
17,736 1,332,498 1,204,516
5,484
139,728
124,879
23,220 1,476,764 1,334,388
4,256
7,834
28,835
23,863
639,800
610,965
28,119
647,634
639,800
28,835
610,965
639,800

The notes form part of these financial statements

Page 16

SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD BALANCE SHEET 31 MARCH 2023 2023 Total fvnds 2022 Total funds Unrestricted Restricted funds fund Notes FIXED ASSETS Tangible assets Investments 13 34,794 14 102 180 136,974 34,794 102 180 136,974 29.816 29.816 CURRENT ASSETS Debtors Cash al bank and in hand 15 90,838 496,841 90.838 524.960 70.199 632,830 28,119 587,679 28.119 615.798 703,029 CREDITORS Amounts falling due within one year 16 (105,138) (105.138) (93,045) NET CURRENT ASSETS 482,541 510.660 609,984 TOTAL ASSETS LESS CURRENT LIABILITIES 619,515 28,119 647,634 639,800 NET ASSETS 619,515 28,119 647.634 639,800 FUNDS Unrestricted funds Restricted frjnds 18 619,515 28,119 615,937 23,863 TOTAL FUNDS 647,634 639,800 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financi ents were approved by the Board of Trustees and authorised for issue were signed on its behalf by: C P Winpenny- Trustee The notes form part of these financial statements Page 17

SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023

2023 2022
No�e�
Cash flo�s from operating acti�ities
Ca�h gene�a�ed f�om ope�a�ion�
1
3,364 51,351
Ne� ca�h p�o�ided b� ope�a�ing ac�i�i�ie� 3,364 51,351
Cash flo�s from in�esting acti�ities
P��cha�e of �angible fi�ed a��e�� (18,929) (18,142)
P��cha�e of fi�ed a��e� in�e��men�� (100,000) -
In�e�e�� �ecei�ed 7,695 2,323
Ne� ca�h ��ed in in�e��ing ac�i�i�ie� (111,234) (15,819)
Change in cash and cash
equi�alents in the reporting (107,870) 35,532
period
Cash and cash equi�alents at
the beginning of the reporting 632,830 597,298
period
Cash and cash equi�alents at
the end of the reporting period 524,960 632,830

The notes form part of these financial statements

Page 18

SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2023

Net income for the reporting period (as per the
Statement of Financial Acti�ities)
7,834
Adjustments for:
Dep�ecia�ion cha�ge�
13,951
Lo�� on di�po�al of fi�ed a��e��
-
In�e�e�� �ecei�ed
(7,695)
Gain� on in�e��men�� d��ing �ea�
(2,180)
(Inc�ea�e)/dec�ea�e in deb�o��
(20,639)
Inc�ea�e in c�edi�o��
12,093
Net cash pro�ided b� operations
3,364
2022

28,835
10,475
267
(2,323)
-
13,347
750
51,351

2. ANALYSIS OF CHANGES IN NET FUNDS

A� 1.4.22 Ca�h flo� A� 31.3.23
Net cash
Ca�h a� bank and in hand 632,830 (107,870) 524,960
632,830 (107,870) 524,960
Total 632,830 (107,870) 524,960

The notes form part of these financial statements

Page 19

SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial ��a�emen�� of �he cha�i�able compan�, �hich i� a p�blic benefi� en�i�� �nde� FRS 102, ha�e been p�epa�ed in acco�dance �i�h �he Cha�i�ie� SORP (FRS 102) 'Acco�n�ing and Repo��ing b� Cha�i�ie�: S�a�emen� of Recommended P�ac�ice applicable �o cha�i�ie� p�epa�ing �hei� acco�n�� in acco�dance �i�h �he Financial Repo��ing S�anda�d applicable in �he UK and Rep�blic of I�eland (FRS 102) (effec�i�e 1 Jan�a�� 2019)', Financial Repo��ing S�anda�d 102 'The Financial Repo��ing S�anda�d applicable in �he UK and Rep�blic of I�eland' and �he Companie� Ac� 2006. The financial ��a�emen�� ha�e been p�epa�ed �nde� �he hi��o�ical co�� con�en�ion.

Income

All income i� �ecogni�ed in �he S�a�emen� of Financial Ac�i�i�ie� once �he cha�i�� ha� en�i�lemen� �o �he f�nd�, i� i� p�obable �ha� �he income �ill be �ecei�ed and �he amo�n� can be mea���ed �eliabl�.

E�penditure

Liabili�ie� a�e �ecogni�ed a� e�pendi���e a� �oon a� �he�e i� a legal o� con����c�i�e obliga�ion commi��ing �he cha�i�� �o �ha� e�pendi���e, i� i� p�obable �ha� a ��an�fe� of economic benefi�� �ill be �eq�i�ed in �e��lemen� and �he amo�n� of �he obliga�ion can be mea���ed �eliabl�. E�pendi���e i� acco�n�ed fo� on an acc��al� ba�i� and ha� been cla��ified �nde� heading� �ha� agg�ega�e all co�� �ela�ed �o �he ca�ego��. Whe�e co��� canno� be di�ec�l� a���ib��ed �o pa��ic�la� heading� �he� ha�e been alloca�ed �o ac�i�i�ie� on a ba�i� con�i��en� �i�h �he ��e of �e�o��ce�.

Tangible fi�ed assets

Dep�ecia�ion i� p�o�ided a� �he follo�ing ann�al �a�e� in o�de� �o ��i�e off each a��e� o�e� i�� e��ima�ed ��ef�l life.

Imp�o�emen�� �o p�ope��� - 25% on co�� Eq�ipmen� fo� ho��e� - 25% on co�� Office eq�ipmen� - 25% on co��

Ta�ation

The cha�i�� i� e�emp� f�om co�po�a�ion �a� on i�� cha�i�able ac�i�i�ie�.

continued...

Page 20

SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES - continued

Fund accounting

Un�e���ic�ed f�nd� can be ��ed in acco�dance �i�h �he cha�i�able objec�i�e� a� �he di�c�e�ion of �he �����ee�.

Re���ic�ed f�nd� can onl� be ��ed fo� pa��ic�la� �e���ic�ed p��po�e� �i�hin �he objec�� of �he cha�i��. Re���ic�ion� a�i�e �hen �pecified b� �he dono� o� �hen f�nd� a�e �ai�ed fo� pa��ic�la� �e���ic�ed p��po�e�.

F���he� e�plana�ion of �he na���e and p��po�e of each f�nd i� incl�ded in �he no�e� �o �he financial ��a�emen��.

Pension costs and other post-retirement benefits

The cha�i�able compan� ope�a�e� a defined con��ib��ion pen�ion �cheme. Con��ib��ion� pa�able �o �he cha�i�able compan�'� pen�ion �cheme a�e cha�ged �o �he S�a�emen� of Financial Ac�i�i�ie� in �he pe�iod �o �hich �he� �ela�e.

Fi�ed Asset In�estments

In line �i�h �he Cha�i�ie� SORP (FRS 102) fi�ed a��e� in�e��men�� �ep�e�en�� an in�e��men� po��folio in�ended �o be held fo� mo�e �han 12 mon�h�, �o gene�a�e income and capi�al g�o��h fo� �he cha�i��.

The�e in�e��men�� a�e �al�ed a� open ma�ke� �al�e a� a� �he end of �he acco�n�ing �ea� �i�h an� �e�al�a�ion gain/lo��e� being cha�ged �o �he S�a�emen� Of Financial Ac�i�i�� �i�hin �ha� acco�n�ing �ea�.

continued...

Page 21

SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
2023 2022
Dona�ion� - mi�cellaneo�� 12,635 18,127
BANES Heal�h�a�ch - 3,896
Cam Valle� Ro�a�� Cl�b - 500
The Spe��ing Cha�i�� - 5,180
Ba�h Go�pel Choi� 225 -
Ba�h Half Ma�a�hon Spon�o��hip 1,607 2,855
Ba�h Half Ma�a�hon F�nd - 1,723
Gla��onb��� Fe��i�al S�e�a�d� 930 -
The Rad��ock Co-ope�a�i�e Socie�� 750 -
The Medlock Cha�i�able T���� - 5,000
Chel�ood Ro�a�� 200 -
Sall� Hick� 4,350 -
Ga�field We��on Fo�nda�ion 10,000 -
The Rope� Famil� Cha�i�able T���� 15,000 -
Vi�gin - 700
Ro�al Mencap - 7,275
The Foo�ball F�nd - 1,000
We��po�� 4,600 2,368
Ma�im�� Emplo�men� S�ppo�� 2,500 -
Da�id Soloman Cha�i�able T���� 1,000 -
John C�ll�m - 2,000
PSJ Mine�� Welfa�e - 200
Cla�k Fo�nda�ion 540 -
Rad��ock To�n Co�ncil 1,000 956
We��field Pa�i�h Co�ncil 975 1,000
Mid�ome� No��on & Rad��ock Ro�a�� Cl�b 3,000 2,000
Rad��ock and We��field Big Local D�agon�� Den 500 500
The Socie�� of Me�chan� Ven���e�� 2,000 -
Ch�i��ma� Raffle 1,510 1,398
Wai��o�e 350 -
Mid�ome� No��on Me�hodi��� Ca�ol Se��ice 1,100 -
Q�a��e� Re�ilience P�og�amme - 8,800
S�oke Pa�k G�o�p F�iend� 2,633 -
We��e� Wa�e� 2,906 -
BANES Wellne�� 2,000 -
Ba�h and We�� Comm�ni�� Ene�g� F�nd G�an� 2,472 -
Mid�ome� No��on To�n Co�ncil - 1,500
74,783 66,978

continued...

Page 22

SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

3. OTHER TRADING ACTIVITIES OTHER TRADING ACTIVITIES
2023 2022
Membe��hip income 1,254
1,560
Con��l�anc� fee� 27,301
32,828
28,555 34,388
4. INVESTMENT INCOME
2023 2022
Gain� on in�e��men�� 2,180 -
Bank in�e�e�� 7,695 2,323
9,875 2,323
5. INCOME FROM CHARITABLE ACTIVITIES
2023 2022
Ac�i�i��
Domicilia�� ��ppo�� Ac�i�i�ie� �o f���he� cha�i��'� objec�i�e� 564,473 606,633
Ho��ing benefi� & �en� Ac�i�i�ie� �o f���he� cha�i��'� objec�i�e� 146,522 138,039
Wo�k �kill� Ac�i�i�ie� �o f���he� cha�i��'� objec�i�e� 194,153 158,482
G�an�� Ac�i�i�ie� �o f���he� cha�i��'� objec�i�e� 90,771 119,422
Fi�ne�� cl�b Ac�i�i�ie� �o f���he� cha�i��'� objec�i�e� 3,735 2,974
M��ic �o�k�hop Ac�i�i�ie� �o f���he� cha�i��'� objec�i�e� 740 320
A��� and c�af�� Ac�i�i�ie� �o f���he� cha�i��'� objec�i�e� 34,407 35,173
Ba�e ho��e ��a�� Ac�i�i�ie� �o f���he� cha�i��'� objec�i�e� 151,516 65,383
D�ama and �oga Ac�i�i�ie� �o f���he� cha�i��'� objec�i�e� 51,044 40,148
co���e
Yo�ng people income Ac�i�i�ie� �o f���he� cha�i��'� objec�i�e� 779 468
O�cha�d Hall ac�i�i�ie� Ac�i�i�ie� �o f���he� cha�i��'� objec�i�e� 26,968 16,082
Co���e� Ac�i�i�ie� �o f���he� cha�i��'� objec�i�e� 28,396 29,376
Caf� �aking� Ac�i�i�ie� �o f���he� cha�i��'� objec�i�e� 77,881 47,034
1,371,385 1,259,534
G�an�� �ecei�ed, incl�ded in �he abo�e, a�e a� follo��:
2023 2022
B&NES F�nding 25,588 25,355
B&NES S�ppo��ing People 47,087 47,087
B&NES Infec�ion Con��ol 18,096 46,980
90,771 119,422

continued...

Page 23

SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

6. RAISING FUNDS
Other trading acti�ities
2023 2022
Bad deb�� 905 -
F�nd�ai�ing e�en�� 3,633 4,993
4,538 4,993
7. CHARITABLE ACTIVITIES COSTS
S�ppo��
Di�ec� co��� (�ee
Co��� no�e 8) To�al�
Di�ec� cha�i�able e�pendi���e 482,099 850,399 1,332,498
Managemen� and admini���a�ion - 139,728 139,728
482,099 990,127 1,472,226
8. SUPPORT COSTS
Go�e�nance
Managemen� Finance co���
To�al�
Di�ec� cha�i�able e�pendi���e 850,399 850,399
- -
Managemen� and admini���a�ion - 128,299 11,429 139,728
850,399 128,299 11,429 990,127
2023 2022
Managemen� 128,299 114,887
Acco�n�anc� & legal fee� 6,209 5,072
A�di�o��' �em�ne�a�ion 5,220 4,920
139,728 124,879

continued...

Page 24

SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

9. NET INCOME/(EXPENDITURE)

Ne� income/(e�pendi���e) i� ��a�ed af�e� cha�ging/(c�edi�ing):

2023 2022
A�di�o��' �em�ne�a�ion 5,220 4,920
Dep�ecia�ion - o�ned a��e�� 13,951 10,475
Defici� on di�po�al of fi�ed a��e�� - 267

10. TRUSTEES' REMUNERATION AND BENEFITS

No �em�ne�a�ion �a� paid �o �he Boa�d of T����ee� in �he pe�iod.

Trustees' e�penses

D��ing �he �ea� ended 31 Ma�ch 2023 �����ee�' e�pen�e� amo�n�ed �o �nil (2022 �nil)

11. STAFF COSTS

STAFF COSTS
2023 2022
Wage� and �ala�ie� 1,048,732 946,633
Social �ec��i�� co��� 74,424 55,158
O�he� pen�ion co��� 28,766 25,685
1,151,922 1,027,476

The a�e�age mon�hl� n�mbe� of emplo�ee� d��ing �he �ea� �a� a� follo��:

S�ppo�� ��aff
P�ojec�� ��aff
Admini���a�ion/��ppo�� ��aff
2023
38
16
16
70
2022
36
16
13
65

continued...

Page 25

SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

11. STAFF COSTS - continued

No emplo�ee� �ecei�ed emol�men�� in e�ce�� of �60,000.

S�aff co��� �e�e a�
follo��:
Wage� and �ala�ie�
Social �ec��i��
co���

Pen�ion co���
S�ppo��


755,912
54,727
23,174
833,813
P�ojec��

244,824
16,774
4,203
265,801
Admini���a�i
on

47,996
2,923
1,389
52,308
2023

1,048,732
74,423
28,767
1,151,922

2022

946,633
55,158
25,685
1,027,476

continued...

Page 26

SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Un�e���ic�ed Re���ic�ed
To�al
f�nd�
f�nd
f�nd�
INCOME AND ENDOWMENTS FROM
Dona�ion� and legacie� 36,059 30,919 66,978
Charitable acti�ities
Ac�i�i�ie� �o f���he� cha�i��'� objec�i�e� 1,259,534 - 1,259,534
O�he� ��ading ac�i�i�ie� 34,388 - 34,388
In�e��men� income 2,323 - 2,323
Total 1,332,304 30,919 1,363,223
EXPENDITURE ON
Rai�ing f�nd� 4,993 - 4,993
Charitable acti�ities
Di�ec� cha�i�able e�pendi���e 1,152,197 52,319 1,204,516
Managemen� and admini���a�ion 121,191 3,688 124,879
Total 1,278,381 56,007 1,334,388
NET INCOME/(EXPENDITURE) 53,923 (25,088) 28,835
RECONCILIATION OF FUNDS
To�al f�nd� b�o�gh� fo��a�d 562,014 48,951 610,965
TOTAL FUNDS CARRIED FORWARD 615,937 23,863 639,800

continued...

Page 27

SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

13. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Imp�o�emen��Eq�ipmen�
�o fo� Office
p�ope��� ho��e� eq�ipmen�
To�al�
COST
A� 1 Ap�il 2022 12,716 15,439 56,295 84,450
Addi�ion� 5,750 3,827 9,352 18,929
Di�po�al� - - (15,506) (15,506)
A� 31 Ma�ch 2023 18,466 19,266 50,141 87,873
DEPRECIATION
A� 1 Ap�il 2022 6,498 11,956 36,180 54,634
Cha�ge fo� �ea� 2,786 1,715 9,450 13,951
Elimina�ed on di�po�al - - (15,506) (15,506)
A� 31 Ma�ch 2023 9,284 13,671 30,124 53,079
NET BOOK VALUE
A� 31 Ma�ch 2023 9,182 5,595 20,017 34,794
A� 31 Ma�ch 2022 6,218 3,483 20,115 29,816

14. FIXED ASSET INVESTMENTS

Unli��ed
in�e��men��
MARKET VALUE
Addi�ion� 100,000
Re�al�a�ion� 2,180
A� 31 Ma�ch 2023 102,180
NET BOOK VALUE
A� 31 Ma�ch 2023 102,180
A� 31 Ma�ch 2022 -

The�e �e�e no in�e��men� a��e�� o���ide �he UK.

continued...

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SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

14. FIXED ASSET INVESTMENTS - continued

The ma�ke� �al�e of �he in�e��men� held �i�h LGT Weal�h Managemen� a� 31 Ma�ch 2023 �a� �102,180 (Co�� �100,000).

15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023

T�ade deb�o��
44,501
P�epa�men�� and acc��ed income
46,337
90,838
16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023

T�ade c�edi�o��
13,019
Social �ec��i�� and o�he� �a�e�
15,250
O�he� c�edi�o��
9,820
Acc��ed e�pen�e�
67,049
105,138
2022

43,684
26,515
70,199
2022

10,352
15,218
9,382
58,093
93,045

continued...

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SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

17. LEASING AGREEMENTS

Minim�m lea�e pa�men�� �nde� non-cancellable ope�a�ing lea�e� fall d�e a� follo��:

2023

Wi�hin one �ea�
89,767
Be��een one and fi�e �ea��
1,991
91,758
18.
MOVEMENT IN FUNDS
Ne�
mo�emen�
A� 1.4.22
in f�nd�


Unrestricted funds
Gene�al F�nd�
575,937
3,578
De�igna�ed F�nd�
40,000
-
615,937
3,578
Restricted funds
Re���ic�ed F�nd�
23,863
4,256
TOTAL FUNDS
639,800
7,834
Ne� mo�emen� in f�nd�, incl�ded in �he abo�e a�e a� follo��:
Incoming Re�o��ce�
Mo�emen�
�e�o��ce�
e�pended


Unrestricted funds
Gene�al F�nd�
1,457,122 (1,453,544)
Restricted funds
Re���ic�ed F�nd�
27,476
(23,220)
TOTAL FUNDS
1,484,598 (1,476,764)
2022

82,966
38,584
121,550
A�
31.3.23

579,515
40,000
619,515
28,119
647,634
in f�nd�

3,578
4,256
7,834

continued...

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SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

18. MOVEMENT IN FUNDS - continued

Comparati�es for mo�ement in funds

Ne�
mo�emen� A�
A� 1.4.21 in f�nd� 31.3.22
Unrestricted funds
Gene�al F�nd� 522,014 53,923 575,937
De�igna�ed F�nd� 40,000 - 40,000
562,014 53,923 615,937
Restricted funds
Re���ic�ed F�nd� 48,951 (25,088) 23,863
TOTAL FUNDS 610,965 28,835 639,800
Compa�a�i�e ne� mo�emen� in f�nd�, incl�ded in �he abo�e a�e a� follo��:
Incoming Re�o��ce�
Mo�emen�
�e�o��ce� e�pended in f�nd�
Unrestricted funds
Gene�al F�nd� 1,332,304 (1,278,381) 53,923
Restricted funds
Re���ic�ed F�nd� 30,919 (56,007) (25,088)
TOTAL FUNDS 1,363,223 (1,334,388) 28,835

continued...

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SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

19. RELATED PARTY DISCLOSURES

A dona�ion of �1,560 �a� �ecei�ed f�om John C�ll�m (Pa��on) �o con��ib��e �o�a�d� �he HIVE cafe �en�.

20. PURPOSE OF RESTRICTED RESERVES

Re���ic�ed Re�e��e� amo�n�ing �o �28,119 a�e being ca��ied fo��a�d �o be �pen� in �he �ea� ended 31 Ma�ch 2024. Thi� i� made �p a� follo��:

A dona�ion of �621 f�om Rad��ock To�n Co�ncil fo� pop �p cafe�.

A dona�ion of �1,200 f�om We�po�� fo� ���o� co��� fo� ��ice �eekl� ��mba.

A dona�ion of �500 f�om Rad��ock and We��field Big Local D�agon�� Den fo� a ��mme� o��ing fo� membe��.

A dona�ion of �2,000 f�om Q�a��e� fo� f�nding of Boogie Nigh��.

A dona�ion of �2,712 f�om We��e� Wa�e� fo� �he ga�den main�enance p�ojec�.

A dona�ion of �2,472 f�om Ba�h and We�� Comm�ni�� T���� fo� ene�g� efficienc� co���e deli�e��.

A dona�ion of �1,519 f�om The Socie�� of Me�chan� Ven���e�� fo� 30[�h] Anni�e��a�� E�al�a�ion Da� and Ba�n Dance.

A dona�ion of �2,342 f�om S�oke Pa�k fo� F�n Cl�b.

A dona�ion of �1,000 f�om Rad��ock To�n Co�ncil fo� e�en� familie� ea� fo� �1 a� Rad��ock Cafe.

Dona�ion� �o�alling �13,753 �ela�e �o capi�al e�pendi���e �hich �ill be alloca�ed again�� �e���ic�ed �e�e��e� o�e� �he ��ef�l economic life of �he a��e�, in line �i�h acco�n�ing polic� fo� dep�ecia�ion.

continued...

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SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

INCOME AND ENDOWMENTS
Donations and legacies
Dona�ion� - mi�cellaneo��
BANES Heal�h�a�ch
Cam Valle� Ro�a�� Cl�b
The Spe��ing Cha�i��
Ba�h Go�pel Choi�
Ba�h Half Ma�a�hon Spon�o��hip
Ba�h Half Ma�a�hon F�nd
Gla��onb��� Fe��i�al S�e�a�d�
The Rad��ock Co-ope�a�i�e Socie��
The Medlock Cha�i�able T����
Chel�ood Ro�a��
Sall� Hick�
Ga�field We��on Fo�nda�ion
The Rope� Famil� Cha�i�able T����
Vi�gin
Ro�al Mencap
The Foo�ball F�nd
We��po��
Ma�im�� Emplo�men� S�ppo��
Da�id Soloman Cha�i�able T����
John C�ll�m
PSJ Mine�� Welfa�e
Cla�k Fo�nda�ion
Rad��ock To�n Co�ncil
We��field Pa�i�h Co�ncil
Mid�ome� No��on & Rad��ock Ro�a�� Cl�b
Rad��ock and We��field Big Local D�agon�� Den
The Socie�� of Me�chan� Ven���e��
Ch�i��ma� Raffle
Wai��o�e
Mid�ome� No��on Me�hodi��� Ca�ol Se��ice
Q�a��e� Re�ilience P�og�amme
S�oke Pa�k G�o�p F�iend�
We��e� Wa�e�
BANES Wellne��
Ba�h and We�� Comm�ni�� Ene�g� F�nd G�an�
Mid�ome� No��on To�n Co�ncil
2023

12,635
-
-
-
225
1,607
-
930
750
-
200
4,350
10,000
15,000
-
-
-
4,600
2,500
1,000
-
-
540
1,000
975
3,000
500
2,000
1,510
350
1,100
-
2,633
2,906
2,000
2,472
-
74,783
2022

18,127
3,896
500
5,180
-
2,855
1,723
-
-
5,000
-
-
-
-
700
7,275
1,000
2,368
-
-
2,000
200
-
956
1,000
2,000
500
-
1,398
-
-
8,800
-
-
-
-
1,500
66,978

This page does not form part of the statutory financial statements

Page 33

SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

2023 2022
Other trading acti�ities
Membe��hip income 1,254 1,560
Con��l�anc� fee� 27,301 32,828
28,555 34,388
In�estment income
Gain� on in�e��men�� 2,180 -
Bank in�e�e�� 7,695 2,323
9,875 2,323
Charitable acti�ities
Domicilia�� ��ppo�� 564,473 606,633
Ho��ing benefi� & �en� 146,522 138,039
Wo�k �kill� 194,153 158,482
G�an�� 90,771 119,422
Fi�ne�� cl�b 3,735 2,974
M��ic �o�k�hop 740 320
A��� and c�af�� 34,407 35,173
Ba�e ho��e ��a�� 151,516 65,383
D�ama and �oga co���e 51,044 40,148
Yo�ng people income 779 468
O�cha�d Hall ac�i�i�ie� 26,968 16,082
Co���e� 28,396 29,376
Caf� �aking� 77,881 47,034
1,371,385 1,259,534
Total incoming resources 1,484,598 1,363,223

This page does not form part of the statutory financial statements

Page 34

SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

EXPENDITURE
Other trading acti�ities
Bad deb��
F�nd�ai�ing e�en��
Charitable acti�ities
Wage�
Social �ec��i��
Pen�ion�
Ren�
Cleaning
Repai��
Membe�� e�al�a�ion
Lea�ning ma�e�ial� & Cafe co��
T�a�el and ��b�i��ence
Support costs
Management
Wage�
Social �ec��i��
Pen�ion�
T�aining & �ec��i�men�
2023

905
3,633
4,538
244,824
16,774
4,203
128,682
7,761
21,550
1,301
39,414
17,590
482,099
755,912
54,727
23,174
16,586
850,399
2022

-
4,993
4,993
208,079
11,588
3,595
129,966
8,692
19,521
1,703
27,470
17,466
428,080
695,762
41,596
22,090
16,988
776,436

This page does not form part of the statutory financial statements

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SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

FOR THE YEAR ENDED 31 MARCH 2023
2023 2022
Finance
Wage� 47,996 42,792
Social �ec��i�� 2,923 1,974
Pen�ion� 1,389 -
Ra�e� and �a�e� - 5,002
In���ance 10,694 9,718
Ligh� and hea� 10,469 6,572
Telephone and po��age 5,845 8,146
P�in�ing and ��a�ione�� 12,559 9,958
S�nd�ie� 15,449 14,050
Bank cha�ge� 2,375 1,764
S�b�c�ip�ion� and licence� 4,649 4,169
Dep�ecia�ion of �angible fi�ed a��e�� 13,951 10,475
Lo�� on �ale of �angible fi�ed a��e�� - 267
128,299 114,887
Go�ernance costs
A�di�o��' �em�ne�a�ion 5,220 4,920
Acco�n�anc� & legal fee� 6,209 5,072
11,429 9,992
To�al �e�o��ce� e�pended 1,476,764 1,334,388
Net income 7,834 28,835

This page does not form part of the statutory financial statements

Page 36