SWAN Annual Report for 2024-2025 THE SWAN PROJECT Annual report and accounts 1st April 2024 to 31st March 2025 AEGHGHD4 0111212025 COMPANIES HOUSE A05 The SWAN Project. l Fairlawn Road. Montpelier. Bristol 856 SIR Company Registration Nvmber 6236873 Re8iStered Charity Number 1122634
SWAN Annual Reportfor 2024-2025 SWAN Annual Report for 2024-2025 Admlnlstratlve Details of the Company and its Directors Charity Name: Company number Charity number: Principal Office,. the SWAN Project 06236873 1122634 l Fairlawn Road Montpelier Bristol BS6 5JR Dlrertorsnrustees: Nalasha Brett Owen Sunders James Chatterjee Jenny Kaponeridls Kathryn Evans Sophia Tabassum Chair (appointed Nov 20251 Treasurer Board member Board member Board member Board member Iresi8ned Nov 20251 Project Leader: Veronica Aaronson Project ManaBer: Maria Zylinski Bankers: Santander 2 1, Prescot Street London El 8TN.
SWAN Annual Reportfor 2024-2025 Directors, Re ort for the Year Endin 31st March 2025 Defining the SWAN Project The SWAN Project is a charity that speclalises in offerin8 long-term, low-cost therapy to vulnerable adults with needs in the following areas: Long-term dependency on alcohol Cross addictions Dual diagnosis To a lesser extent, we also work with adults who may not have an addictlon issue, but are without access to support elsewhere. We don't turn people away if we think we can help. The prolect works with a psychological model ofoddictlon thot seeks to Increose self-composslon and selA-¢ore, reducing the need to rely on addictive behovlours to self-soothe. We do this through offerlng 1."] counselllnq/psychotherapy, Public Benefit The purpose of the activities of the SWAN Project is the advancement of health, particularly emotional and psychological, of our seNice users and those whose lives they touch. Overvlew of Actlvities Throughout the period, the project has continued to work towards and meet its charitable aims and objectives as laid out in our 8overnin8 document. We have continued to offer I:1. lon8-term, low-cost therapy for vulnerable adults with alcohol issues and complex needs, This has been done to a high standard, enabling clients to hold a good deal of autonomy and choice in the duration and intensity of their individual therapy. The charity has offered highly sought after and supportive placements for trainee therapists, and for those qualif led therapists who wish to gain more experience. Both trainees and qualified therapists are volunteers. We continue to be committed to ourvision for long-term therapy as we recognise that the trauma that underpins so many addictions take a long time to address and that healing benefits from having a long-term dependable and therapeutic relationship.
SWAN Annual Report for 2024-2025 Board of Trustees In the calendar year 2025, there were a number of changes to the board of trustees. In November 2025. Natasha {aka Poppy) Brett was selected as the new chair of the project. James Chatterjee remains as a trustee and is expected to do so until the end of the calendar year 2025. The trustees continue to work to expand their membership. Structure of organlsatlon Board'of Truste8s Projert Lead Serv1¢• Manager Cllnl¢•l Sup•r¥lJor• 1x8, plus Plxeménj ' &Jpervlsors) Sonlor Practllloners IAssessment Team) Placement Counsollors Adinlnlstrator, The structure of the organlzation has remained stable throu8hout the financial year. ReseNes The total reserves at 31 March 2025 were £18,57412024: £29,168) and are analysed between restricted and unrestricted funds. Unrestricted funds decreased by £10,594 to £18,57412024 £29,168) as the rpsijlt of a net deficit during the year. Restricted funds were £nil {2024: £nil}. Prlncipal risks and uncertaintles The trustees have assessed the major risks to which the charity is exposed, and are satlsfied that systems are in place to mitigate exposure to major risks. A significant risk facing the organlsation is key person dependency on its Board and In Its senior management. In addition to the expansion of the board, the trustees are seeking to accelerate succession planning for the Project Leader to reduce this risk.
SWAN Annual Report for 2024-2025 Following the year end, the Swan Project engaged Albert Goodman LLP to assess the VAT status of the organization. Following the outcome of this review, we are satisfied that the Swan Project does not currently need to register for VAT. However, it is intended that changes in legislation are closely monitored to ensure the Swan Project remains compliant.
The Swan Project SWAN Annual Report for 2024-2025 Notes to the accounts for the year ended 31st. March 2025 Financlal sustainability SORP.. Thi5 report has been prepared in accordance with the Stalement of Recommended Practice. Accounting and Reporting by Charities (2005). Statement of Trustees, Responsibilities The trustees, who are also directors of The Swan Project for the purposes of company law, are responsible for preparing the Trustees, Report and the financial ststements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year. which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for theyear. In preparing thesefinancial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently: observe the methods and principles in the Charilies SORP, make Judgements and estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that thecharitable company willcontinue in operation.. The truslees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: there is no relevant information of which the charitable company's independent examiner is unaware; and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to eslablish that the independenl examiner is aware of that information. Signed by orderof and with theapproval of the directors: . (James Chatterjee. tfustee) Date. 83/(11202 S
Independent Examinerfs Report to the Trustees of The Swan Project I report on the accounts of the company for the year ended 31SI March 2025 whith are set oth on pages 8 to 13. Responsibilities and basis of report As Ihe charitytnjstees ofthe company (and also its directors forthe purposes of company law) you are responsible for the preparation of the accounts in accordance the requirements of the Companies Act 2006 (Ihe 2006 Act,). Having satisffied myself that the accounts of the company are not required to be audiled under Part 16 of the 2006 Act and are eligible fLY independent examination, I report in respect of my examination ofyour company'5 accounts as canied out under section 145 of the Charities Act 2011 (Ihe 2011 Act,). In carng out my examinats'on I have folloed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examlnefs stemw I have completed my examination. I confirm that no matters have come to my altention in connection Vérth the examination gNing me cause to believe that in any matenal respect.. accounting records WEre not kept In respect of the company as required by section 386 of the 2006 Act., or 2. the accounts do notaccord those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act otherthan any requirement that the accounts give a true andfairvievl %%fiich is not a matter considered as part of an independent examination., or 4. the accounts have not been prepared In accordance wlh the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to tharilies preparing their accounts in accordance ith the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other Matte in connection with the examination to %thich atlention should be drawi in this report in order to enable a proper understanding ofthe accounts to be reached. Name Address 31 W+/J ifv- Jy,El IPN 15112£ hQHA, G(kl Date Qualifjcation
The Swan Project Statement of Financial Actlvlties [including Income and Expenditure Accoun1] fortheyearended 3151. March 2025 Unrestricted Restricted Total Funds Funds Funds Total Funds Notes 2025 2025 2025 2024 Income Ifom Donatlons Income from charltable actlvlties Provision of welfare services Room Hire Fees Grant funding 2,160 2,160 2,310 83.666 36,648 83.666 36.648 78,763 32,610 Total 122.474 122.474 113.683 Expendlture on". Charitable actlvitles Fundraising 133,068 133.068 98,635 Total 133,068 133,068 98,635 Net Income l [expendltuie] 110,5941 110.5941 15.049 Reconclllatlon of funds Total funds brought forward 29,168 14,119 Tolal funds carried lorward 18,574 18.574 29.168
The Swan Prolect 06236873 Balance sheet as at 31st. March 2025 Notes 2025 2024 Flxed assels Tangible assets Current assets Debtors and prepayments Cash ai bank and on hand Total current assets 3,869 22,399 26.268 11,077 26,417 37.494 Current Ilabllltles Creditors.. amounts falling due wlthin 12 months 7,6941 8.3261 Net Current assets 18.574 29.168 Net assets 18,574 29,168 Unrestilcted funds Generalfund5 18,574 29.168 Restrlcted lunds Totalcharltyfunds 18,574 29,168 The companywas entllled to the exemption from audlt under sectlon 477121 ofthe Companies Act 2006 The members have not requested the companyto obtain an audit In accordance with section 476 of the Companies Act 2006. The dlrectors acknowledge their responsibility for complying with the requirements of the act with respect to accounting records and for the preparation ol the accounts. These accounts have been Prepared in accordance with the provisions applicable to companies subjecl to the small company regime. These financial statements were approved bythe Council of Managementon. zsl.11120 On behalf ofthe Council of Management .dated'.- 25111 I£5
The Swan Project Notes tothe aecountsforthe year ended 31st. March 2025 111 Prlnclpal Accountlni Pollcles The piincipalactounting policiesadopied In the pieparatlon ol the Ilnanclal siaiemenis are sei oui belowand have iemained unchangeil fiom ihe Pfeviousyeai. lal Basis ol pieparation The chariiyconstituies a publlc benefit eniityas defined byFRS 102. The financial statements have been prepareo in accordance wllh Accountlng and Reporting by Chaiitles.. siaiemeni ol Recomrnended Practice applicable io charities prepailng thelr accounts In a¢coiianee wllh the Financial Reporting sian(Jaid applicable In the UKancS Republic ol Ireland IFRS 1021 as updared by Update 8ulleEin 2, the ChaiiiiesAci 2011. and ihe Companies Aci 2006. The linanclal staternents havg been piepaied under the hl$tOflcal c051 convenilon. Ibl Fund a¢¢ountln8 151 Unresiricied funds are avaiiablefor use at the dlscreison ol Ihe tru$tee$ in lurtheiarKe ol the8eneraloblectlvesol the charlty. IIIIOesiRnaied funds ale unresirlcieo fun(Js earmaik8(J byihe Managerneni Cornmltteelor particular purposes. liiil Re$rricie¢ funds are sublecia to reslrlciionson Ihelrexpen(Jliure imposed bythe donor orihiouqh (he ieims of an appeal. Icl Incom• Income Is Inclu(Jed in the sratementof financialaciivities when the charity Is entitled to the Income and the amount can be quantifleo wlth reasonatyle accuracy. The lollowln8speclll¢ policles are applleo io particular categories ol Income. 111 Incorne recelve(J tyyway of gfants. aoThaiions and gsits an(J Is Included In full n the Staiement ol Financial Acib¥ilies when receivable. Grants, where entitlernent 1$ not condltSonal on the dellveryol a speclllc perfoimance bythe charlty, are i•co8nlsed when the cbailty becomes uThcondltlonally eThiiiiett 10 Ihe grani. 1111 Donated services and lacllitles ale included at the value to the charitywhere thls Can be quaniiiied. IIIIIThe value ol serwces provided tyvolunteers has not been Included In ihese 8ccounis. Ilvl Investrnent income is iThcluded when receivable. Iviintome from CharitaDle tradingaeilvlty are a¢eounied lorwnen earnea. Ivlllncome from grants. where reIe1 to pertoimance ano speciflc Oelfverables. areaccounie¢ for as the charity earns ihe rlght to consldeiatlan ty its performance. Idl Expendltuwe Expen¢Jiture Is iee¢4nised OTh an a¢cruai b05150$ 4 Llablllry is Incurred. Expendlture Inciu(Jes 8nyVAT whleh connol bc lully rteovereo lilcosts ol generatyng lund5 cornprlse the costs assoclateiswith attraciingvoluntsry incorne ano the cost5 of tradlnglor fundraisingpurpose5. IIIIChariiable expendirure compiises Ihose costs incurred bythe chaiSty in the dellvery ol Its aciivitles and servlces IOF lis beneliclaiies. It Inclu(Jes both costs thai can be allocated Olrectlyio such aciiwiies an(J those costs olan inoirect natyie necessaryto suppon theffl liiilAllcosts are allocated between the expenditure categoties ol the SoFAon a tsasis esi8ned io reflect the use ol the resource. Cosis relatlngio a partlcuiaraetlvityaie allotaied dlrectly. Olhers are apportioned on an appropriate basls. io
The Swan Prolecl Noles tothe accounts for theyear ended 31st. March 2025 111 PrincipalAccount•ng Polieies lel Ftxed assets Tangible fixed assets are written off over the expecte(i useful Ille of the asset, at 25% per annum on the reducing balance method . Items costlng over £500 are capilallsed. 121 Crediiors 2025 2024 Sundry cfedllors and accruals 7,694 8.326 131 Deblors Sundry debtors and prepayments 141 Expendlturè 3,869 11.077 Charitable Aetfvlties Fundralslng Total 2025 Total 2025 2025 2024 Staff lees & expenses Accounlancy & bookkeeping Rooms Business fates Telephone & Inlernei access Consuiiancy and support 8ad Debt Insurance Qfflce consumables Staff training Fundraising Independeni examlnation 84.488 9,404 18.964 1,465 802 68,409 2,412 15,236 1.107 120 9.404 18.964 1.465 6.640 452 294 6,640 452 294 568 662 400 508 4,293 3,300 2,191 508 4,293 3,300 2,191 266 1.000 3,992 1,683 1,795 1.206 Mlscelianeous Cleanln8, repalrs and malntenance Dues and Subscrlpiions 133.068 133.068 98.635 151 Employee Informatlon All staff are treelance. li
The Swan Project Notestothe accounts torlhe year ended 31st. March 2025 161 Re$tricled lunds All iemaln#¥esiircieOlundswere utlllse¢ duiln8the Ilnanclal year. 2025 2024 Openlng balance Grants recelved Reslricted expendltufe Closing balance 614 6141 171 Analysls of net •$$d$ betsveen lunds General Funds Restricted Funds Total Taniibie Ilxed assets Current asset5 Current IlabllS1ies 28,268 17,6941 26,268 7,6941 Net assets at 31st March 2025 18,574 18.574 181 Adlustmentto 20241n¢ome ststemenl Thè Swan Proleei's 2024 Income has been adlusled lo better reflect the seNlces provlded by the project. Income liom charllable actlvles In 2024 was Elll,373. This was prevlously splll beMeen'CounseUlng" E95,195 and"Room hire and mlscellaneous" £16,198. Following lurther analysis of Ihe income dufingthe 2025. a spllt better rellecting the underlying actlvltles ol the prolect has been replaced the previous disclosure. Income Ifom charltltable actlvltles In 2024 remalns at £111.373. However. Ihls has been amended to "Provlslon otwellawe seNlces' £78,763 and'Room hlre fees. £32.610. Expense and the balance sheet in 2024 are unattecte(J. Gwen 2023's minlmal disclosure in the 2025. no correctlon has been applierj to 2023. 12
The Swan Prolect Notes tolhe accounts for the year ended 31st. March 2025 191 Analy81$ of Pflor year funds SAatement of FlnancialActlvltles [Sn¢luOlng Income and Expenditu A¢counl} for the yeai ended 31st. March 2024 Unrestrlcted Restrlcted Totsl Funds Funds Funds Total Funds 2024 2024 2024 2023 Income trom Donatlons Income Imm charltable actlvhl•s Counselling Provision ol welfare servlces Room hlre lees Mlscellaneous Grantlundlng 2,310 2,310 4.036 76,536 78,763 32.610 78,763 32,610 259 8,320 Total 113,683 113,683 89,150 Eip•ndlture on: Charitable actlvltbes Fundralslng 98,020 814 98,635 77,898 105 98,020 614 98,635 78.003 Net Income I lexpendbturej 15,663 16141 15,049 11.146 Reconclllatlon of lunds Total funds brought forward 13,S05 614 14,119 2.973 Total lunos carried I08rd 29,168 29,168 14.119 13