Charity number: 1118122
The Swallow Trust
Trustees' Report and Financial Statements
For the year ended 5 April 2025
The Swallow Trust
Contents
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 4 |
| Independent Auditors' Report on the Financial Statements | 5 - 8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10 |
| Notes to the Financial Statements | 11 - 18 |
The Swallow Trust
Reference and Administrative Details of the Charity, its Trustees and Advisers For the year ended 5 April 2025
| Trustees | Anthony David Swallow, (Chair of Trustees) |
|---|---|
| Christopher David Swallow, Trustee | |
| Heidi Swallow Purvis, Trustee | |
| Helga Hildegard Gertrud Swallow, Trustee | |
| Nicola Mapp, Trustee | |
| Charity registered number 1118122 Principal office Apartment 6 Fallibroome House 68 Macclesfield Road Prestbury Cheshire SK10 4BH Investment Managers Luna Investment Management Limited The Old Schoolhouse 5-7 Byrom Street Manchester M3 4PF Independent auditors Hurst Accountants Limited Chartered Accountants & Statutory Auditors 3 Stockport Exchange Stockport SK1 3GG Solicitors HCR Hewitsons 50-60 Station Rd Cambridge CB1 2JH |
Page 1
The Swallow Trust
Trustees' Report For the year ended 5 April 2025
The Trustees present their annual report together with the audited financial statements of the charity for the year 6 April 2024 to 5 April 2025.
Objectives and activities
a. Policies and objectives
The charity's objectives are to make donations and grants for the benefit of such charitable objectives and purposes, or such registered charities for their work, in any part of the world as the trustees in their discretion see fit.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Strategies for achieving objectives
The trustees have had regard to the guidance contained in the Charity Commission's guidance on public benefit requirement under the Charities Act 2011 as amended by the Charities Act 2022, when reviewing the charity's aims and objectives and in planning future activities.
In particular the trustees consider how planned activities will contribute to the charity's aims and the objectives they have set.
They consider that they have complied with their duty under section 17(5) of the Charities Act 2011 as amended by the Charities Act 2022.
Achievements and performance
a. Main achievements of the charity
The trustees donated £177,500 ( 2024: £146,000 ) to various charities and organisations during the period. The donations are detailed in note 17 of the accounts.
The trustees exercised their discretion with regard to the donations made to several charitable organisations in the period which supported children, young adults and families in the United Kingdom.
There was a positive net movement in funds for the period of £225,236 ( 2024: £182,864 ). Gross interest and income from investments for the period decreased to £60,769 compared with £84,116 in 2024.
The balance of the unrestricted funds at 5 April 2025 amounts to £5,639,890 ( 2024: £5,414,654 ). The increase in the unrestricted funds is largely attributable to investment gains of £18,928 during the year ( 2024: £197,852 ) and a significant donation received from a Trustee of £300,000 ( 2024: £80,000 ). The Trust continued to derive the majority of its income from donations from the trustees.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Page 2
The Swallow Trust
Trustees' Report (continued) For the year ended 5 April 2025
b. Reserves policy
The trustees operate a single unrestricted fund that is represented by the market value of investments and net cash deposits. The income generated from these resources is utilised to make charitable donations agreed by the trustees. The trustees' central objective is to preserve the existing wealth of the charity over a long term and therefore the capital base of investment is used to generate income for distribution on an annual basis. The overall trust portfolio is expected to generate income of 2.5% to 3% per annum above inflation.
Structure, governance and management
a. Constitution
The Swallow Trust is a registered charity, number 1118122 (charitable status obtained on 23 January 2001), the governing instrument being the trust deed dated 8 January 2007.
The trustees, who served throughout the period, are summarised on page 1. Appeals are considered as they are received and the trustees will make donations throughout the period.
b. Methods of appointment or election of Trustees
Appointment of new trustees is at the discretion of the existing trustees. New trustees are briefed about the charity's objectives and how they have been achieved in the past.
c. Risk management
As part of its business planning process, the trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
d. Trustees
The current trustees of the charity, who served throughout the financial period unless otherwise stated, are as shown on page 1.
Plans for future periods
The charity intends to continue with its current objectives to make donations and grants for the benefit of such charitable objectives and purposes, or such registered charities for their work, in any part of the world as the trustees in their discretion see fit.
Page 3
The Swallow Trust
Trustees' Report (continued) For the year ended 5 April 2025
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgements and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Disclosure of information to auditors
Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:
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so far as the trustee is aware, there is no relevant audit information of which the charity’s auditor is unaware; and
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• the trustee has taken all the steps that he/she ought to have taken as a trustee to make himself/herself aware of any relevant audit information and to establish that the charity’s auditor is aware of that information.
Hurst Accountants Limited have been appointed as auditors for the period and have indicated their willingness to continue in office as the charity’s auditors and a resolution for their reappointment will be proposed at the forthcoming Annual General Meeting.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Heidi Purvis
................................................ Heidi Swallow Purvis
29 Jan 2026
Date:
Page 4
The Swallow Trust
Independent Auditors' Report to the Members of The Swallow Trust
Opinion
We have audited the of The Swallow Trust (the 'charity') for the year ended 5 April 2025 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the :
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give a true and fair view of the state of the charity's affairs as at 5 April 2025 and of its incoming resources and application of resources for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011 as amended by the Charities Act 2022.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
Page 5
The Swallow Trust
Independent Auditors' Report to the Members of The Swallow Trust (continued)
Other information
The other information comprises the information included in the Annual Report other than the and our Auditors' Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
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the information given in the Trustees' Report is inconsistent in any material respect with the ; or
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sufficient accounting records have not been kept; or
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the are not in agreement with the accounting records and returns; or
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we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Trustees' Responsibilities Statement, the Trustees are responsible for the preparation of the which give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of that are free from material misstatement, whether due to fraud or error.
In preparing the , the Trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Page 6
The Swallow Trust
Independent Auditors' Report to the Members of The Swallow Trust (continued)
Auditors' responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these .
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Identifying and assessing potential risks related to irregularities
In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, we considered the following:
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The nature of the industry and sector in which the company operates; the control environment and business performance including key drivers for directors' remuneration, bonus levels and performance targets.
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The outcome of enquiries of local management and parent company management, including whether management was aware of any instances of non-compliance with laws and regulations, and whether management had knowledge of any actual, suspected, or alleged fraud.
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Supporting documentation relating to the Company's policies and procedures for:
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Identifying, evaluating, and complying with laws and regulations
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Detecting and responding to the risks of fraud
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The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.
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The outcome of discussions amongst the engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
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The legal and regulatory framework in which the Company operates, particularly those laws and regulations which have a direct effect on the financial statements, such as the Companies Act 2006, pensions and tax legislation, or which had a fundamental effect on the operations of the Company, including General Data Protection requirements, Quality Management System accreditations such as ISO 9001, API specifications, and Achilles UVBD, and Anti-bribery and Corruption.
Audit response to risks identified
Our procedures to respond to the risks identified included the following:
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Reviewing the financial statements disclosures and testing to supporting documentation to assess compliance with the provisions of those relevant laws and regulations which have a direct effect on the financial statements.
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Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud.
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Evaluation of the operating effectiveness of management’s controls designed to prevent and detect irregularities.
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Enquiring of management about any actual and potential litigation and claims.
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Performing analytical procedures to identify any unusual or unexpected relationships which may indicate risks of material misstatement due to fraud.
Page 7
The Swallow Trust
Independent Auditors' Report to the Members of The Swallow Trust (continued)
We have also considered the risk of fraud through management override of controls by:
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Testing the appropriateness of journal entries and other adjustments, and identifying accounting transactions which may pose a heightened risk of material misstatement, whether due to fraud or error.
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Challenging assumptions made by management in their significant accounting estimates, and assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and
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Evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
There are inherent limitations in the audit procedures described above, and the further removed non-compliance with laws and regulations are from the events and transactions reflected in the financial statements, the less likely we would become aware of them. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
A further description of our responsibilities for the audit of the is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed.
HABesantRoberts
Helen Besant-Roberts, for and on behalf of Hurst Accountants Limited
Chartered Accountants & Statutory Auditors 3 Stockport Exchange Stockport SK1 3GG
30 Jan 2026 Date:
Page 8
The Swallow Trust
Statement of financial activities For the year ended 5 April 2025
| Note Income from: Donations and legacies 3 Investments 4 Total income Expenditure on: Raising funds 5 Charitable activities 6 Other expenditure 7 Total expenditure Net income/(expenditure) before net gains on investments Net gains on investments Net movement in funds before other recognised gains/(losses) Other recognised gains/(losses): Gains/(losses) on foreign currency Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2025 £ 375,000 60,769 435,769 38,238 177,500 11,820 227,558 208,211 18,928 227,139 (1,903) 225,236 5,414,654 225,236 5,639,890 |
Total funds 2025 £ 375,000 60,769 435,769 38,238 177,500 11,820 227,558 208,211 18,928 227,139 (1,903) 225,236 5,414,654 225,236 5,639,890 |
Total funds 2024 £ 100,048 84,116 184,164 41,694 146,000 11,430 199,124 (14,960) 197,852 |
|---|---|---|---|
| 182,892 (28) 182,864 5,231,790 182,864 5,414,654 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 11 to 18 form part of these financial statements.
Page 9
The Swallow Trust
Balance Sheet As at 5 April 2025
| Note Fixed assets Investments 10 Current assets Debtors 11 Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Total net assets Charity funds Unrestricted funds 13 Total funds |
74,975 325,714 400,689 (11,820) |
2025 £ 5,251,021 388,869 5,639,890 5,639,890 5,639,890 |
20,000 526,741 546,741 (11,430) |
2024 £ 4,879,343 535,311 |
|---|---|---|---|---|
| 5,414,654 | ||||
| 5,414,654 | ||||
| 5,414,654 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Heidi Purvis
................................................
Heidi Swallow Purvis
29 Jan 2026 Date:
The notes on pages 11 to 18 form part of these financial statements.
Page 10
The Swallow Trust
Notes to the Financial Statements For the year ended 5 April 2025
1. General information
The Swallow Trust is a registered charity, number 1118122 (charitable status obtained on 23 January 2001), the governing instrument being the trust deed dated 8 January 2007. The registered office of the charity is Apartment 6, Fallibroome House, 68 Macclesfield Road, Prestbury, Cheshire, SK10 4BH.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011 as amended by the Charities Act 2022.
The Swallow Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going concern
The charity's activities, results and future plans are disclosed in the trustees' annual report.
The trustees have assessed the balance sheet and likely future cash flows of the charity at the date of approving the financial statements. The trustees believe that the charity is well placed to manage its business risks successfully despite the current uncertain economic outlook.
The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees therefore, consider that the going concern assumption is an appropriate basis on which to prepare these financial statements.
2.3 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
Page 11
The Swallow Trust
Notes to the Financial Statements For the year ended 5 April 2025
2. Accounting policies (continued)
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.6 Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the reporting date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the Statement of Financial Activities.
2.7 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.
2.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 12
The Swallow Trust
Notes to the Financial Statements For the year ended 5 April 2025
2. Accounting policies (continued)
2.10 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.11 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at amortised cost, with the exception of investments in listed shares.
Investments in listed shares are held at fair value at the balance sheet date, with changes recognised in the profit or loss. The fair value can be measured reliably as the shares have a quoted market price in an active market.
2.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
3. Income from donations and legacies
| Donations Income tax receivable Total 2025 Total 2024 |
Unrestricted funds 2025 £ 300,000 75,000 375,000 100,048 |
Total funds 2025 £ 300,000 75,000 375,000 100,048 |
Total funds 2024 £ 80,000 20,048 100,048 |
|---|---|---|---|
Page 13
The Swallow Trust
Notes to the Financial Statements For the year ended 5 April 2025
4. Investment income
| Investment income - Dividends Investment income - Interest Total 2025 Total 2024 |
Unrestricted funds 2025 £ 48,291 12,478 60,769 84,116 |
Total funds 2025 £ 48,291 12,478 60,769 84,116 |
Total funds 2024 £ 74,397 9,719 84,116 |
|---|---|---|---|
5. Expenditure on raising funds
Costs of raising voluntary income
| Bank charges Investment management fees Total 2025 Total 2024 |
Unrestricted funds 2025 £ - 38,238 38,238 41,694 |
Total funds 2025 £ - 38,238 38,238 41,694 |
Total funds 2024 £ 510 41,184 41,694 |
|---|---|---|---|
Page 14
The Swallow Trust
Notes to the Financial Statements For the year ended 5 April 2025
6. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted funds 2025 £ Donations made (note 17) 177,500 Total 2024 146,000 Other expenditure Unrestricted funds 2025 £ Accountants fee 5,742 Auditors remuneration 6,078 Total 2025 11,820 Total 2024 11,430 Auditors' remuneration Fees payable to the charity's auditor for the audit of the charity's annual accounts Fees payable to the charity's auditor in respect of: All non-audit services not included above |
Total 2025 £ 177,500 146,000 Total funds 2025 £ 5,742 6,078 11,820 11,430 2025 £ 6,078 5,742 |
Total 2024 £ 146,000 |
|---|---|---|
| Total funds 2024 £ 5,550 5,880 11,430 |
||
| 2024 £ 5,880 5,550 |
7. Other expenditure
8. Auditors' remuneration
9. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .
During the year ended 5 April 2025, no Trustee expenses have been incurred (2024 - £NIL) .
The charity has no employees other than the Trustees.
Page 15
The Swallow Trust
Notes to the Financial Statements For the year ended 5 April 2025
10. Quoted investments and securities
| Cost or valuation At 6 April 2024 Additions Disposals Revaluations Realised Gain At 5 April 2025 Net book value At 5 April 2025 At 5 April 2024 The historical cost of the quoted investments and securities is £4,937,545_(2024: £4,463,732)_. 11. Debtors 2025 £ Due within one year Tax recoverable 74,975 12. Creditors: Amounts falling due within one year 2025 £ Accruals and deferred income 11,820 |
Quoted investments and securities £ 4,879,343 2,578,860 (2,226,110) (42,003) 60,931 |
|---|---|
| 5,251,021 5,251,021 |
|
| 4,879,343 2024 £ 20,000 2024 £ 11,430 |
Page 16
The Swallow Trust
Notes to the Financial Statements For the year ended 5 April 2025
13. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds - all funds Statement of funds - prior year Unrestricted funds General Funds - all funds |
Balance at 6 April 2024 £ 5,414,654 Balance at 6 April 2022 £ 5,231,790 |
Income £ 435,769 Income £ 184,164 |
Expenditure £ (227,558) Expenditure £ (199,124) |
Gains/ (Losses) £ 17,025 Gains/ (Losses) £ 197,824 |
Balance at 5 April 2025 £ 5,639,890 |
|---|---|---|---|---|---|
| Balance at 5 April 2023 £ 5,414,654 |
14. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Fixed asset investments Current assets Creditors due within one year Total |
Unrestricted funds 2025 £ 5,251,021 400,689 (11,820) 5,639,890 |
Total funds 2025 £ 5,251,021 400,689 (11,820) 5,639,890 |
|---|---|---|
Page 17
The Swallow Trust
Notes to the Financial Statements For the year ended 5 April 2025
14. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Fixed asset investments Current assets Creditors due within one year Total |
Unrestricted funds 2024 £ 4,879,343 546,741 (11,430) 5,414,654 |
Total funds 2024 £ 4,879,343 546,741 (11,430) 5,414,654 |
|---|---|---|
15. Related party transactions
Donations of £300,000 (2024: £80,000) were received from a trustee of the charity, Anthony David Swallow, during the year.
There were no other related party transactions.
16. Controlling party
The charity is controlled by the trustees of The Swallow Trust.
17. Analysis of grants and donations made
| Cardiomyopathy UK Cheshire Community Foundation Cheshire Connect Colin and Bronwen Cleaver Cre8 Macclesfield East Cheshire Hospice Just Drop In Open Doors with Brother Andrew St Chad’s Church Leasowe Rossendale Trust Limited Space4Autism |
2025 £ - 10,000 5,000 5,000 37,500 40,000 25,000 10,000 15,000 15,000 15,000 177,500 |
2024 £ 10,000 - - 5,000 35,000 40,000 22,000 - - 12,000 22,000 146,000 |
|---|---|---|
Page 18
Issuer
HURST Accountants
Document generated Thu, 29th Jan 2026 12:34:17 GMT
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Parties involved with this document
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Heidi Swallow Purvis - Signer (df005da31240015de2b8f8e0cc4ebf1c) Helen Besant Roberts - Signer (e046f445a791c9b0929929dad8bcd2a1) Joanne flynn - Copied In (acc507618d282923c1f16397b44b4117)
Audit history log
Date
Action
Thu, 29th Jan 2026 12:34:17 GMT Envelope generated by Alex Burgon (82.132.236.175) Thu, 29th Jan 2026 12:34:17 GMT Document generated with fingerprint 913b04947bc81a5f001b36000ef928ab (82.132.236.175) Thu, 29th Jan 2026 12:34:17 GMT Document generated with fingerprint 9ff1afaeeafbf2ebbf1eecc557a8aa08 (82.132.236.175) Thu, 29th Jan 2026 12:34:17 GMT Document generated with fingerprint ae9f9acfdaaaa1b21a0ee4e6441c3797 (82.132.236.175) Thu, 29th Jan 2026 12:34:17 GMT Document generated with fingerprint 55b1ff3bc213d0330ebc741ce18f7076 (82.132.236.175) Thu, 29th Jan 2026 12:34:17 GMT Document generated with fingerprint 31943e94d7adf73c2c99299fd275e655 (82.132.236.175) Thu, 29th Jan 2026 12:47:27 GMT Sent the envelope to Heidi Swallow Purvis (hpurvis15@gmail.com) for signing (82.132.236.175) Thu, 29th Jan 2026 12:47:29 GMT Document emailed to hpurvis15@gmail.com Thu, 29th Jan 2026 12:51:41 GMT Heidi Swallow Purvis opened the document email. (150.228.9.197) Thu, 29th Jan 2026 14:37:42 GMT Heidi Swallow Purvis opened the document email. (66.249.93.76) Thu, 29th Jan 2026 14:37:50 GMT Heidi Swallow Purvis viewed the envelope (150.228.9.197) Thu, 29th Jan 2026 14:44:12 GMT Heidi Swallow Purvis signed the envelope (150.228.9.197) Thu, 29th Jan 2026 14:44:12 GMT Sent the envelope to Helen Besant Roberts (hbr@hurst.co.uk) for signing (150.228.9.197) Thu, 29th Jan 2026 14:44:14 GMT Document emailed to hbr@hurst.co.uk
Thu, 29th Jan 2026 14:44:36 GMT Fri, 30th Jan 2026 12:48:05 GMT Fri, 30th Jan 2026 12:48:26 GMT Fri, 30th Jan 2026 13:08:18 GMT Fri, 30th Jan 2026 13:08:18 GMT Fri, 30th Jan 2026 13:08:25 GMT Fri, 30th Jan 2026 13:08:58 GMT Fri, 30th Jan 2026 13:08:58 GMT
- Fri, 30th Jan 2026 13:08:58 GMT Fri, 30th Jan 2026 13:08:58 GMT
Helen Besant Roberts opened the document email. (85.210.240.131) Document emailed to hbr@hurst.co.uk
Helen Besant Roberts opened the document email. (85.210.240.79) Helen Besant Roberts opened the document email. (149.107.64.226) Helen Besant Roberts opened the document email. (149.107.64.226) Helen Besant Roberts viewed the envelope (149.107.64.226) Helen Besant Roberts signed the envelope (149.107.64.226) Sent the envelope to Joanne flynn (joanne.flynn@hurst.co.uk) for signing (149.107.64.226)
This envelope has been signed by all parties (149.107.64.226) Signed document confirmation emailed to hpurvis15@gmail.com (149.107.64.226)
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Fri, 30th Jan 2026 13:08:58 GMT Signed document confirmation emailed to hbr@hurst.co.uk (149.107.64.226)
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Fri, 30th Jan 2026 13:08:58 GMT Signed document confirmation emailed to joanne.flynn@hurst.co.uk (149.107.64.226)
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Fri, 30th Jan 2026 13:08:58 GMT Signed document confirmation emails have been sent to all parties. Document URL:
https://api.signable.app/shareable/envelope?t=e906713d-98e2-429b-b6ba-f bd2aa12f2a7 (149.107.64.226)
Fri, 30th Jan 2026 13:10:47 GMT
Document emailed to joanne.flynn@hurst.co.uk