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.
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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:
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S�ppo��ed ho��ing
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O���each ��ppo�� in �he comm�ni��
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Independen� li�ing �kill� ��aining
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The�ape��ic co���e� and da� ac�i�i�ie�
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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�
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Heal�h� li�ing and fi�ne�� ac�i�i�ie�
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Social ac�i�i�ie� �o �ed�ce �ocial i�ola�ion
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Info�ma�ion and ad�ice
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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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SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD
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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SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD
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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SOUTH WEST ACTION FOR LEARNING AND LIVING OUR WAY LTD
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�:
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Mee�ing� �i�h �he Chai� of T����ee�, �he Chief E�ec��i�e and o�he� �enio� membe�� of ��aff
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Vi�i�� �o �he Head Office, Redfield Road, The Ha��ho�n� and Ba�e Ho��e and �he SWALLOW Comm�ni�� Caf�
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A��ending a Managemen� Commi��ee (membe��) mee�ing
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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
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�elec� ��i�able acco�n�ing policie� and �hen appl� �hem con�i��en�l�;
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ob�e��e �he me�hod� and p�inciple� in �he Cha�i�� SORP;
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make j�dgemen�� and e��ima�e� �ha� a�e �ea�onable and p��den�;
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p�epa�e �he financial ��a�emen�� on �he going conce�n ba�i� �nle�� i� i� inapp�op�ia�e �o p�e��me �ha� �he cha�i�able compan� �ill con�in�e in b��ine��.
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��:
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gi�e a ���e and fai� �ie� of �he ��a�e of �he cha�i�able compan�'� affai�� a� a� 31 Ma�ch 2023 and of i�� incoming �e�o��ce� and applica�ion of �e�o��ce�, incl�ding i�� income and e�pendi���e, fo� �he �ea� �hen ended;
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ha�e been p�ope�l� p�epa�ed in acco�dance �i�h 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'; and
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ha�e been p�epa�ed in acco�dance �i�h �he �eq�i�emen�� of �he Companie� Ac� 2006.
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�:
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�he info�ma�ion gi�en in �he Repo�� of �he T����ee� fo� �he financial �ea� fo� �hich �he financial ��a�emen�� a�e p�epa�ed i� con�i��en� �i�h �he financial ��a�emen��; and
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�he Repo�� of �he T����ee� ha� been p�epa�ed in acco�dance �i�h applicable legal �eq�i�emen��.
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:
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adeq�a�e acco�n�ing �eco�d� ha�e no� been kep� o� �e���n� adeq�a�e fo� o�� a�di� ha�e no� been �ecei�ed f�om b�anche� no� �i�i�ed b� ��; o�
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�he financial ��a�emen�� a�e no� in ag�eemen� �i�h �he acco�n�ing �eco�d� and �e���n�; o�
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ce��ain di�clo���e� of �����ee�' �em�ne�a�ion �pecified b� la� a�e no� made; o�
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�e ha�e no� �ecei�ed all �he info�ma�ion and e�plana�ion� �e �eq�i�e fo� o�� a�di�; o�
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�he �����ee� �e�e no� en�i�led �o �ake ad�an�age of �he �mall companie� e�emp�ion f�om �he �eq�i�emen� �o p�epa�e a S��a�egic Repo�� o� in p�epa�ing �he Repo�� of �he T����ee�.
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�;
-
�e iden�ified �he la�� and �eg�la�ion� applicable �o �he compan� �h�o�gh di�c���ion� �i�h di�ec�o�� and o�he� managemen�, and f�om comme�cial kno�ledge and e�pe�ience of �he cha�i�able ca�e �ec�o�;
-
�e foc��ed on �pecific la�� and �eg�la�ion� �hich �e con�ide�ed ma� ha�e a di�ec� ma�e�ial effec� on �he financial ��a�emen�� o� �he ope�a�ion� of �he compan�, incl�ding �he Companie� Ac� 2006, �a�a�ion legi�la�ion and da�a p�o�ec�ion, an�i-b�ibe��, emplo�men�, en�i�onmen�al and heal�h and �afe�� legi�la�ion;
-
�e a��e��ed �he e��en� of compliance �i�h �he la�� and �eg�la�ion� iden�ified abo�e
-
�h�o�gh making enq�i�ie� of managemen� and in�pec�ing legal co��e�pondence; and
-
iden�ified la�� and �eg�la�ion� �e�e comm�nica�ed �i�hin �he a�di� �eam �eg�la�l� and
-
�he �eam �emained ale�� �o in��ance� of non-compliance �h�o�gho�� �he a�di�
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�;
- making enq�i�ie� of managemen� a� �o �he�e �he� con�ide�ed �he�e �a� ���cep�ibili��
�o f�a�d, �hei� kno�ledge of ac��al, ���pec�ed and alleged f�a�d;
-
con�ide�ing �he in�e�nal con��ol� in place �o mi�iga�e �i�k� of f�a�d and non-compliance �i�h la�� and
-
�eg�la�ion�; and
-
�nde���anding �he de�ign of �he cha�i��'� �em�ne�a�ion policie�.
To add�e�� �he �i�k of f�a�d �h�o�gh managemen� bia� and o�e��ide of con��ol�, �e;
-
pe�fo�med anal��ical p�oced��e� �o iden�if� an� �n���al o� �ne�pec�ed �ela�ion�hip�;
-
�e��ed jo��nal en��ie� �o iden�if� �n���al ��an�ac�ion�;
-
a��e��ed �he�he� j�dgemen�� and a���mp�ion� made in de�e�mining �he acco�n�ing e��ima�e� �e�e indica�i�e of po�en�ial bia�; and
-
in�e��iga�ed �he �a�ionale behind �ignifican� o� �n���al ��an�ac�ion�.
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...
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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
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...
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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
| 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...
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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
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
Page 35
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