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 car￿ng out my examinats'on I have follo￿ed
the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examlnefs st*emw
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 re￿Ie1 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 I0￿8rd
29,168
29,168
14.119
13