## **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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**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. 

Page 6 



**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�.. 

Page 7 



**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. 

Page 8 



**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 

Page 9 



**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 

- �elec� ��i�able acco�n�ing policie� and �hen appl� �hem con�i��en�l�; 

- ob�e��e �he me�hod� and p�inciple� in �he Cha�i�� SORP; 

- make j�dgemen�� and e��ima�e� �ha� a�e �ea�onable and p��den�; 

- 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�. 

Page 10 



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��: 

- 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; 

- 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 

- 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. 

Page 12 



**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�: 

- �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 

- �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: 

- 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� 

- �he financial ��a�emen�� a�e no� in ag�eemen� �i�h �he acco�n�ing �eco�d� and �e���n�; o� 

- ce��ain di�clo���e� of �����ee�' �em�ne�a�ion �pecified b� la� a�e no� made; o� 

- �e ha�e no� �ecei�ed all �he info�ma�ion and e�plana�ion� �e �eq�i�e fo� o�� a�di�; o� 

- �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. 

Page 13 



**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<br>f�nd�<br>No�e�<br>�<br>**INCOME AND ENDOWMENTS FROM**<br>Dona�ion� and legacie�<br>2<br>47,307<br>**Charitable acti�ities**<br>5<br>Ac�i�i�ie� �o f���he� cha�i��'� objec�i�e�<br>1,371,385<br>O�he� ��ading ac�i�i�ie�<br>3<br>28,555<br>In�e��men� income<br>4<br>9,875<br>**Total**<br>1,457,122<br>**EXPENDITURE ON**<br>Rai�ing f�nd�<br>6<br>4,538<br>**Charitable acti�ities**<br>7<br>Di�ec� cha�i�able e�pendi���e<br>1,314,762<br>Managemen� and admini���a�ion<br>134,244<br>**Total**<br>1,453,544<br>**NET INCOME**<br>3,578<br>**RECONCILIATION OF FUNDS**<br>To�al f�nd� b�o�gh� fo��a�d<br>615,937<br>**TOTAL FUNDS CARRIED FORWARD**<br>619,515|2023<br>2022<br>Re���ic�ed<br>To�al<br>To�al<br>f�nd<br>f�nd�<br>f�nd�<br>�<br>�<br>�<br>27,476<br>74,783<br>66,978<br>- 1,371,385 1,259,534<br>-<br>28,555<br>34,388<br>-<br>9,875<br>2,323<br>27,476 1,484,598 1,363,223|2023<br>2022<br>Re���ic�ed<br>To�al<br>To�al<br>f�nd<br>f�nd�<br>f�nd�<br>�<br>�<br>�<br>27,476<br>74,783<br>66,978<br>- 1,371,385 1,259,534<br>-<br>28,555<br>34,388<br>-<br>9,875<br>2,323<br>27,476 1,484,598 1,363,223|
|---|---|---|
||-<br>4,538<br>4,993<br>17,736 1,332,498 1,204,516<br>5,484<br>139,728<br>124,879<br>23,220 1,476,764 1,334,388<br>4,256<br>7,834<br>28,835<br>23,863<br>639,800<br>610,965<br>28,119<br>647,634<br>639,800||
|||28,835<br>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�<br>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<br>�<br>**Net income for the reporting period (as per the**<br>**Statement of Financial Acti�ities)**<br>7,834<br>**Adjustments for:**<br>Dep�ecia�ion cha�ge�<br>13,951<br>Lo�� on di�po�al of fi�ed a��e��<br>-<br>In�e�e�� �ecei�ed<br>(7,695)<br>Gain� on in�e��men�� d��ing �ea�<br>(2,180)<br>(Inc�ea�e)/dec�ea�e in deb�o��<br>(20,639)<br>Inc�ea�e in c�edi�o��<br>12,093<br>**Net cash pro�ided b� operations**<br>3,364|2022<br>�<br>28,835<br>10,475<br>267<br>(2,323)<br>-<br>13,347<br>750<br>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|<br>1,560|
||Con��l�anc� fee�|||27,301|<br>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<br>P�ojec�� ��aff<br>Admini���a�ion/��ppo�� ��aff|2023<br>38<br>16<br>16<br>70|2022<br>36<br>16<br>13<br>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�<br>follo��:<br>Wage� and �ala�ie�<br>Social �ec��i��<br>co���<br> <br>Pen�ion co���<br>|S�ppo��<br>�<br> <br>755,912<br>54,727<br>23,174<br>833,813|P�ojec��<br>�<br>244,824<br>16,774<br>4,203<br>265,801|Admini���a�i<br>on<br>�<br>47,996<br>2,923<br>1,389<br>52,308|2023<br>�<br>1,048,732<br>74,423<br>28,767<br>1,151,922|<br>2022<br>�<br>946,633<br>55,158<br>25,685<br>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||<br>To�al|
|||f�nd�|<br>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... 

Page 28 



**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.**<br>**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>2023<br>�<br>T�ade deb�o��<br>44,501<br>P�epa�men�� and acc��ed income<br>46,337<br>90,838<br>**16.**<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>2023<br>�<br>T�ade c�edi�o��<br>13,019<br>Social �ec��i�� and o�he� �a�e�<br>15,250<br>O�he� c�edi�o��<br>9,820<br>Acc��ed e�pen�e�<br>67,049<br>105,138|2022<br>�<br>43,684<br>26,515<br>70,199<br>2022<br>�<br>10,352<br>15,218<br>9,382<br>58,093<br>93,045|
|---|---|



continued... 

Page 29 



**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<br>�<br>Wi�hin one �ea�<br>89,767<br>Be��een one and fi�e �ea��<br>1,991<br>91,758<br>**18.**<br>**MOVEMENT IN FUNDS**<br>Ne�<br>mo�emen�<br>A� 1.4.22<br>in f�nd�<br>�<br>�<br>**Unrestricted funds**<br>Gene�al F�nd�<br>575,937<br>3,578<br>De�igna�ed F�nd�<br>40,000<br>-<br>615,937<br>3,578<br>**Restricted funds**<br>Re���ic�ed F�nd�<br>23,863<br>4,256<br>**TOTAL FUNDS**<br>639,800<br>7,834<br>Ne� mo�emen� in f�nd�, incl�ded in �he abo�e a�e a� follo��:<br>Incoming  Re�o��ce�<br>Mo�emen�<br>�e�o��ce�<br>e�pended<br>�<br>�<br>**Unrestricted funds**<br>Gene�al F�nd�<br>1,457,122 (1,453,544)<br>**Restricted funds**<br>Re���ic�ed F�nd�<br>27,476<br>(23,220)<br>**TOTAL FUNDS**<br>1,484,598 (1,476,764)|2022<br>�<br>82,966<br>38,584<br>121,550<br>A�<br>31.3.23<br>�<br>579,515<br>40,000<br>619,515<br>28,119<br>647,634<br>in f�nd�<br>�<br>3,578<br>4,256<br>7,834|
|---|---|



continued... 

Page 30 



**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... 

Page 31 



**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... 

Page 32 



**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**<br>**Donations and legacies**<br>Dona�ion� - mi�cellaneo��<br>BANES Heal�h�a�ch<br>Cam Valle� Ro�a�� Cl�b<br>The Spe��ing Cha�i��<br>Ba�h Go�pel Choi�<br>Ba�h Half Ma�a�hon Spon�o��hip<br>Ba�h Half Ma�a�hon F�nd<br>Gla��onb��� Fe��i�al S�e�a�d�<br>The Rad��ock Co-ope�a�i�e Socie��<br>The Medlock Cha�i�able T����<br>Chel�ood Ro�a��<br>Sall� Hick�<br>Ga�field We��on Fo�nda�ion<br>The Rope� Famil� Cha�i�able T����<br>Vi�gin<br>Ro�al Mencap<br>The Foo�ball F�nd<br>We��po��<br>Ma�im�� Emplo�men� S�ppo��<br>Da�id Soloman Cha�i�able T����<br>John C�ll�m<br>PSJ Mine�� Welfa�e<br>Cla�k Fo�nda�ion<br>Rad��ock To�n Co�ncil<br>We��field Pa�i�h Co�ncil<br>Mid�ome� No��on & Rad��ock Ro�a�� Cl�b<br>Rad��ock and We��field Big Local D�agon�� Den<br>The Socie�� of Me�chan� Ven���e��<br>Ch�i��ma� Raffle<br>Wai��o�e<br>Mid�ome� No��on Me�hodi��� Ca�ol Se��ice<br>Q�a��e� Re�ilience P�og�amme<br>S�oke Pa�k G�o�p F�iend�<br>We��e� Wa�e�<br>BANES Wellne��<br>Ba�h and We�� Comm�ni�� Ene�g� F�nd G�an�<br>Mid�ome� No��on To�n Co�ncil|2023<br>�<br>12,635<br>-<br>-<br>-<br>225<br>1,607<br>-<br>930<br>750<br>-<br>200<br>4,350<br>10,000<br>15,000<br>-<br>-<br>-<br>4,600<br>2,500<br>1,000<br>-<br>-<br>540<br>1,000<br>975<br>3,000<br>500<br>2,000<br>1,510<br>350<br>1,100<br>-<br>2,633<br>2,906<br>2,000<br>2,472<br>-<br>74,783|2022<br>�<br>18,127<br>3,896<br>500<br>5,180<br>-<br>2,855<br>1,723<br>-<br>-<br>5,000<br>-<br>-<br>-<br>-<br>700<br>7,275<br>1,000<br>2,368<br>-<br>-<br>2,000<br>200<br>-<br>956<br>1,000<br>2,000<br>500<br>-<br>1,398<br>-<br>-<br>8,800<br>-<br>-<br>-<br>-<br>1,500<br>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**<br>**Other trading acti�ities**<br>Bad deb��<br>F�nd�ai�ing e�en��<br>**Charitable acti�ities**<br>Wage�<br>Social �ec��i��<br>Pen�ion�<br>Ren�<br>Cleaning<br>Repai��<br>Membe�� e�al�a�ion<br>Lea�ning ma�e�ial� & Cafe co��<br>T�a�el and ��b�i��ence<br>**Support costs**<br> **Management**<br>Wage�<br>Social �ec��i��<br>Pen�ion�<br>T�aining & �ec��i�men�|2023<br>�<br>905<br>3,633<br>4,538<br>244,824<br>16,774<br>4,203<br>128,682<br>7,761<br>21,550<br>1,301<br>39,414<br>17,590<br>482,099<br>755,912<br>54,727<br>23,174<br>16,586<br>850,399|2022<br>�<br>-<br>4,993<br>4,993<br>208,079<br>11,588<br>3,595<br>129,966<br>8,692<br>19,521<br>1,703<br>27,470<br>17,466<br>428,080<br>695,762<br>41,596<br>22,090<br>16,988<br>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 

