SWAN Annual Report for 202>2024 THE SWAN PROJECT Annual report and accounts 1st April 2023 to 31st March 2024 The SWAN Piolect, l Falrtawn Road, Montpeller. 8rtstol B56SIR Cornp4ny fteiistration Nurnbor 6236873 Realste￿ Charlty Nvrnbtr 1121634 11111.111111 *ADINIIMZN* 2411212024 COMPANIES HOUSE A73 #157 SWAN Annual Report for 2023-2024 SWAN Annual Report for 2023-2024 Administrative Details of the Company and its Dife¢to Charity Name: Company number Charity number.. Principal Office; the SWAN Project 06236873 1122634 l Fairlawn Road Montpelier 8ri5tol BS6 5JR Dlrectors/Trustee5: James Chatterjee Owen Sunders Ma5simo O'AJlessandro JÈnny Kaponeridis Sophia Tabassum Kathryn Evans Chainnan Treasurer 8oard member (resigned on 11 October 20241 Board member (appointed 14 October 20241 Board member (appointed 2 De￿rnber 20241 Board member (appalnted 2 December 2024) Prolect Leadep. Veronlca Aaronson Project Manager. Maria Zyllnskl Bankers: Santander 21, Prescol Slreet London El 8TN. SWAN Annual Report for 2023-2024 Directors. Re ort for the Year Endin 31st March 2024 Deflnln8 th• SWAN Prol•¢t The SWAN Project is a charity that specialises in offerlng lon8-term, Iow-c05t therapy to vulnerable adults with needs in the followin8 areas.. Long-term dependency on alcohol Cross addictions Dual diagnosi5 To a lesser extent, we also work wlth adults who may not have an addiction issue, but are without access to support elsewhere. We don't turn people away if we think we can help. The project works wlth o psycholoqlcolmodeloladdlrtlon that seeks to Increase selfrycompasslon and selJ-¢ore, redu¢ing the need to rely oft oddirtive behoviours to seY-soothe. We do this through offering l..1 counsellinq/psychotherapy, Public Benefit The purpose of the activities ofthe SWAN Project is the advancement of health. particularly emotional and psycholo8ical, of our service users and those whose lives they tOLKh. Over¥lew of Artlvltles Throughout the period. the project has continued to work towards and meet its charilable aims and objectives as laid out in our governing document. We have continued to offer I'.1. lon8-term. low-cost therapy for vulnerable adults with alcohol 155ue5 and complex need5. This has been done to a high siandard, enabling clients to hold a good deal of autornomy and choice in the duration and intensity of their individual therdpv. The charlty has offered hlghly sought after and supportlve placements fortraSnee theraplsts. and for those qualified therapists who wish to gain more experience. Both trainees and qualified theraplsts are volunteers. We continue to be committed to ourvision for lon8-term iherapy as we reco8nise that the trauma that underpins so many addictions take a long tlme to addfess and that healing benefits from having a lon8-term dependable and therapeutic relationship. SWAN Annual R8POrtfor 202>2024 Board of Trustee During the year, the board worked to incfease the number of trustees. Three new trustees were appointed in late 2024. These three new trustees bring a wealth of experience to the board. Massimo (Yalessandro left the board in October 2024 due to relocation. The board continues to fotus on successlon for the Chalr. Structure of organisation Board of TnAStees Projert Leader Serv1¢• Manaler Cllnlc•l Sup•rvlsor* 1¥6, plu5 Plafement SupeThrysors1 Senlor Practitloners IAsse55menr Teaffl) Placement Couns•llors Admlnlstrator The strurture of the organlzatloD ha5 remained Stable throughout the financlal year. Resenles The total reserves at 31 March 2023 were £12023: £14.1191 and are analysed between restritted and unrestricted funds, Unrestricted funds increased to £12023 £13,505) as the iesult of a net surplus durin8 the year. Restricled funds decreased to £nil12023'. £6191. Prfnclpal rlsks and uncertalntles The trustees have assessed ihe major risks to whlch the charity Is exposed. and are satisfied that systems are in place to mitigate exposure to major ri5k5. A si8nificant risk facln8 the organisation Is key person dependency on Ils Board and in its senior mana8ement. The rlsk has been reduced followlng year end byihe appolntment of three new trustees. SWAN Annual Report for 202>2024 There is some uncertainty surroundin8 the VAT status of the organization. Whilst the trustees remain confident that VAT registration is not required for the Swan Project, a VAT specialist is currently being engaged to provide expert advi￿ on this matter. Ongoing problems with Swan's bank account have led to a new account being set up in December 2024. It15 the intentiorb of Ihe 8oard of Trustee5 to move all banking operations to this new account In a controlled manner durin8 calendar year 2025. The Swan Pmject SWAN Annual Report for 202>2024 Notes to the ac Date: Iq/12 Izo2Lt Independent Examlnefs Report to thè Trustees of The Swan Project I report on the accounts of the company for the year ended 31st Marth 2024 which are s8t out on pages 8 to 13. Re8ponslbllltle8 and basls of r•ptsrt As th8 charty trustees ol the company {and also ils ¢Jirectors lor the purposes of company law) you are responsible lor the preparation of Ihe accounts in accorilance with the requirements of the Companies Acl 2006 {'the 2006 Acf). Having satisfied myself that the accounls of the company are not required to bg audiled under Part 16 of Ihe 2006 Act and are eligible for independent examinalion, I report in respect ol my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 {'tho 2011 Acl.). In carrying out my 8xaminalion I have followed th8 Dir8clions giv8n by the Charily Commission under seclion 145(5)Ibl of the 2011 Act. Indapènd•nt examln•fs stat8mant I have completed my examination. I confirm that na matters have come to my attention in connection wilh th8 examinalion giving me cause to believ8 that in any material respect: accounting records wer• nol kept in rasped of the Gompany as rgqulred by $gCtion 386 of the 2006 Act: or 2. the accounls do nol accord with those records; or 3. the accounts do not comply with Ihe accounting requirements of section 396 oflhe 2006 Acl other than any requirement that the accounls give a 'true and fair view, which is not a matter considered as part of an Independent 8xamination,' or 4. the accounts have nol been prepared in accordance with the methods and principles of thg ststernent of Recommended Practice for accounting and reporting by charities [applicable to chanties preparing their accounts in accordanc8 With Ihe Financial Reporting Standard appllcable In th& UK and Repubmc of Ireland IFRS 102)). I have no concerns arvj have come across no other matters in connection wlth the examination to which attention should be drawn in this report in ord8r to enable a prop9r understanding of lh8 accounts to be reached. NaTne: Ékn)(L - 24 4 %fWI~ 4, E12phJ Date.. 4S.41.14 Qualification: Cl (I-KIHL The Swan Pmlect ststementolFlnanclalAcllvhle$ Dncludlnglncome and ExpMdltsrekcountl for they•arend8d3tst. M8rch 2024 Unrestiicled Restricted Totsl Funds Funds Funds Total Fvnd5 Notes 2024 2024 2024 2023 Income Irom Oonatlons Income from¢hthfftable•cllvllles Counselllng Room hlre and mlscellaneous Grant Ivnding 2.310 2,310 4.036 95,1 18,178 95.195 16,178 76.536 259 8.320 Total 113.683 113,683 89.150 EKpendltur• •A'. Charllable acll¥llles Fundraising 98.¢)20 614 98,635 105 Total 98,020 614 98.635 n,003 N•1 Incom• l [•¥p•ndllui•l 15,663 18141 15.049 11,146 Retonclllatlon ol lunds Tolal lunds brou￿¢ lorward 13.505 2.9TJ Tolal lunds carrled forward 29,168 29,168 14119 The Swan Project 06236873 Balance sheetas at31sL Mar¢h 2024 Notes 2024 2023 Flxed a$sel¥ Tanlble asseis Curreni asMI$ Debtors and prepaymen Cosh ai bank and on hand T￿al current a$S￿S 11.077 26,417 37,494 9.078 12,988 22,066 Cuffeni UabllllSes Cieijllois.. amounts lalllni due within 12 months 8.326 Netcuffent assths 29.188 14,119 Nrfass•ts 29,168 14,119 unrest￿¢0¢dtUn¢j Generallunds 29.168 13,SOS fl•strtcteOfund$ 614 Tthalcharttylunds 29,168 14,119 The companywas entttleu tolhe exemptlon from auolt under se¢l￿n 477(21 ol thecompanles Aci 2006 The members hava requesled the companyioobtaln an audlt In accorJancewilhsedion478 ol the CompanlesAct 2006. The dlrt¢tois acknty*Aed8ethelf fesponslbllltyfor complWniwlih the requlrements ol the actwllh respoct to •ccountlnirecord5 and forth? prepJrallon ol th¢ accounis. The$e a¢¢ounts been pfeparnd In accordgnce wSth the prlylslons appll¢8ble io companles suwecito the sffljllcompany reHlm•. These flnanclal ststernentswere approved bylheCoun¢llofManagement on I Vi 112o£W On behaltolihe Coun¢il of man￿efflent CV*TfER3EE daied:.Iq Iii I Zo* The Swan Pml¢ct Notes tolheaccounts lor Iho y•ar•nded 3151. March 2024 111 P￿n(1paIAc¢Q￿nIOn¥ Pollclei Tho prlnelpal aecouniingpollcl•sAdopièd In th8preparaiionoflh•llnancIais￿•m•m￿.al&S0l0Ut belowand rwèiemalned unchang4dliom th• prw10us￿a1. lai 8aslsof pieparatton Thech0rhycons￿1tsl¢sa publfjc bencfft onityas IJCff￿ byfAS 102.Thcflnanclal atsments have beefi piepaied In acco1daTrce￿thAcc0Up(i￿can￿ ReponingbyCharfdes-. Siaiemeffl otFlecommended Piaciiceappucable iochartllespreparlngihelr accoun151n ac¢ordan¢e wlthtne FlnanclalllepO￿TrÉstanOard appllcabie In theUKanO Repubuc otlreland IFIIS 1021 as updated ty Update 8ullelln2, IheChartUesAct2011, anolhe CDmpanlesk12006. Theln•nclal 5taleffleni$ h•ve betn prep•red undef ihe hl$wrf¢il ¢051 ¢DnvWon. Ib)FundE￿vunII 111 Vnre￿F1Ct*d1￿n19I1ea¥allab1ef0ruse￿ftheds¢1et1Qfi ol the trusteeslnhjrthwanceol Ihe 8ener8(oblecO¥esof thechaihy. IIIIOeshKnated hjndsafeunresblcled fvndsearnwked bytheNanaiement Cornmil¢ee for partIcul￿pU￿0?e5. liiilRD¥tr'ct¥d f¥nd¥ ¥utyj¥clpd to wlricliyn¥w th¥1r¥xp¥ndi￿l￿ impmoo tyth• d¢n¢r orth1o￿Kh tho tormsofan 8ppe•l. lellncDm• In¢om• 1$ In th• $ratomiM offtnan¢I¥iwMtt•$￿éTh th4 chailty Is£niftièa to In4 Ineomè and thè amounican bt4uartrlfled ￿ll1 r•asonabl• aeeuracy.Tho lo11th￿nI specllk polklesareappllc(J io partlculaJ ca(ogorfes oflncome. Illlncome Itte￿e￿ bywayoigianis, donattDTrsanO oirisand Is Includcil Inftll In the sia*menrol FlnanclaLAcU¥lUeswhen recel4tAe.Granrs.wheie entsnemenils nor conolllonolon Ihe del￿eryo1 a5pecMc perfO￿TranCE￿￿e Cnzrfty. ale iecognlsedvthen IhEch?iftytseiumes uncondttitsnaiiy enfjll￿ ioihe ￿artt. IIIIDon3ted s¢rNlces and racllltles ale Inciuaeo at trevalue tothechaillywheielh15can be qvanlllleo. IllllTh? val¥e 0152￿Ce$proVIded byvoiunteershJ5 notbeen Inclydttl In thtx accourtts. Ilvl lTrvv>lm¢nllncofflel¥lnclutledwhen recefv•ble. Ivlln¢ome Ifomcttarftabietr4dlngartMtyareaccounied for*theneained. Ivlllncorne tr0rn8rants.theie ielated to wloimj￿e and speclllc de￿rable$. areaccoumed loiasthechaiityeam5the riilnwconslderatlon bylts perfDifflanre. Id) Expendilurè Expyndnui¥i¥ i¥￿nIS*￿ ¥n pcrruoLbJ¥is ￿411•bilIty18 inruiryLI. E¥p¥nditUry￿Iud 8wVAT*thi¢h¢•nnottye hJUyio¢over4d lilCo$is ofgan•raiingfvndscomprfsa th4 costs assoc*at•d vlth At￿￿1￿1¥01￿fi￿y Incom• and Ih•tosrs of iradlThilor1undralsingpuiposqs. (U)Ch3thatsthexp￿dkura t0mprtsesth0stto￿slN£Uff¢d tsy¢h•ehaihylThihkd•V4*ryor IISaCllvbTlcsandscMccsfoi Iisbcncffclarfc& hlnc¢¥dos boih coMthaT unbcaiitstarcd dlrcfTty105uchaciMtlcsandlh05c costsofon Indliccrnaiurc nccc55aryigSllPPQIIThcm l41wlc￿tsarE allocared bemeeThtheexp￿￿rnUre corwrle501 the 5oFAon4tya515 de51eneOl0 rellectthe useol the iesour£e.C05ts relallngioa parflcubw ac1Mtyare UocaleOdlrecity.oifiersareapporUone¢J on anappiopilalebasis. io Th• Swan Prolecl Note$tolh•a¢counts lor th•yeaiMded 31s1. March 2024 {11 PrlnclpolAccountlng Pollcl•g (el Flxed assets Tangible lixeLI assets arewritten oft over the 8YPKted u$elul life ol the 4s5et, ot 25% per annum on the reducing balance fflethod. liems costing ovef ES00 are capiialised. 121 Credltors 2024 2023 Sundry credltors accwa15 8.326 131 Debtorn Sundry debtors and prepayments {41 Exp•ndllur• 11,077 9.078 Ch•rh4ble AC1￿[11t$ Fundia+a￿ Totsl 2024 Totsl 2024 2024 2023 Siall fees & expenses Accountancy& bookkeew'ng Aoom5 Buslne55 rate5 Telephone & Internd access Con$uiièncy and supp 88d Debl Insurance Olllce consumables Slalltralnlng Fundiolslng IndependentexamlnaiAon Ulllllles Mbscellaneous Cleanln& repalrs and malnlgnanco Oues and Subseripiions 68.409 2,412 15.236 1.107 68,409 1412 15,236 1,107 4.51)0 13,966 1259 loo 3.014 251 1.243 47 4Tr) 45 I.OCM) 3,992 1,6&8 1.795 400 1,000 3,992 428 i.ioo 1.795 98.635 98.635 151 Employ•• I￿lor￿all￿n AU 5tafl are fveelance. li The Swan Pmject Notgs toth•4ccounts lorlheyearen(1od 3191. March 2024 161 RoStrl¢t•dlund$ All r•malnqMttrffl•d lunONwgW UIIUsèd d￿(nath8￿n￿ncIaI ygai. 2024 2023 Openlng balance Granis iecelved Aestrlcted expendilure Closlng balance 614 1,514 8.320 19,2201 814 16141 171 Anatysls awt• è•lw•enlunds Geneial Funds Rgslrlctod Fund5 Total Tangibiellxed a55ets cul￿ntaS$¢tr Current Uablulles 37.494 8,326 37,494 8,328 Netassets at 3t3t Nafch 20?4 29,18B 29,168 12 The Swan Pmle¢t Nolesto1h•a¢counts lor Ihgyearwdqd 31s1. March 2024 18) An•ly818 01 prlor y•ar funds Statementof FinancialAcllvltlÈs [Inciudlnglncome arKI ExpendhwieAccouni] foithe yearÈnded 31st. Mèrch %123 Unrestiicied Restricte(l Totsi Funds Funds Funds Tolal Funds 2023 2023 2023 2022 In¢omelrom Donallons Income Irom chaittable aclmlles Counselllng Mlscellaneous Grant lundin 4.038 4.038 2,158 76.S36 259 76.536 259 8,320 64,692 8,32D 8,500 Tolal 80,830 89.150 76,785 Expfrndhuio on.. Charhlabl¢ acto￿tIeS FunOialsln8 68.679 105 9,220 77.898 105 78,188 47 Toial e8.784 78.235 Nel Incomel le¥pentJltur01 12,046 19001 11,146 11,4501 Reconclllaiionol fijnds T￿11 funds biought foward IA59 1.514 2,973 4423 Toialtunds ¢aiilod lorward 13,$05 614 14.119 13