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2026-03-31-accounts

ANNUAL REPORT 2025/26

Charity Number: 1143957 Private Company Limited by Guarantee: 07639262

www.swanyouthproject.org

Presented By : Anna Foster

Contents

Message from our Chair of Trustees 1 CEO’s Report 2 - 6 Legal and administrative information 7 - 8 Trustees’ report 9 Independent examiner’s report 9 Statement of financial activities 10 Balance sheet 11 Notes to the financial statements 12 - 27

A message from our Chair of Trustees: James Bagge

The narrative behind the Swan Youth Project is inspiring but challenging. To have such a professional and committed team caring for and nurturing some of the most vulnerable young people in Downham is truly heartening and a blessing. But it is faced with a growing demand for its services with limited resources.

Notwithstanding this, the Project has deservedly succeeded in winning many plaudits. Its reputation for the work it is doing for young people and the diligence it exhibits in reporting back to its supporters is winning praise across the county and wider afield. This is something which I, as chair, am proud to hear on a very regular basis.

Given the challenges which our young people now face, about which we have heard much recently, as a community, we need to consider how we can help and encourage young people to engage optimistically and enthusiastically with the challenges that life presents. Giving them opportunities to step outside their current comfort zones—often isolated from the world around them—and experience, even for a short time, the benefits of teamwork, earning rewards through effort, or learning new skills can be transformative. Such experiences inspire confidence and encourage them to take on further challenges.

The Swan Youth Project, led by Anna and her magnificent team, together with the essential support of our donors and supporters—for whom our gratitude is boundless—provides these opportunities alongside many other vital support services for its young members.

In recent days, I have observed young people from the Project participating in a Duke of Edinburgh Award expedition. They navigated their way three miles to their campsite, erected their tents, cooked their own meals and enjoyed a ball game that looked a little like baseball. I also attended a chess club at the Project, recently established at the initiative of one of our young members. It began with just two participants and, within three weeks, had attracted five additional members. Many of the young people involved in these activities are not attending school and rarely have opportunities to socialise away from home. It was inspiring to witness the joy, confidence and sense of achievement they were experiencing.

I am sure that other local organisations, including sports clubs, the Scouts and Guides, and various youth groups, are doing the same. Reinforcing the idea that this is a genuine community endeavour, I am encouraged that both the Mayor of King’s Lynn (2025–26) and now the Mayor of Downham Market (2026–27) have chosen the Swan Youth Project as one of their charities for the year. We are equally grateful for the support of the Young Farmers.

Our ambition now is to broaden the engagement of the entire Downham community, creating even more opportunities for our young people to develop hope, confidence and ambition for the future.

I conclude with my thanks to Anna and the team for the wonderful work they are doing, and to our funders for providing them with the support to enable them to do so.

1

CEO’s Report - Project Overview

Swan Youth Project remains consistently at capacity for our services, with the demand high in all areas. We are privileged to have supported over 400 young people over the course of the last year, despite a tricky funding landscape and the many complicated issues our families bring to us daily.

We aim to enrich the lives of our young people and their families through a range of groups and 1:1 support (both Open Access and targeted). Our project is like a family, and our fabulous centre holds us all in it’s safe and welcoming space. Art work and photos fill our walls, with our young peoples personalities bursting through wherever you go.

We pride ourselves on providing positive opportunities to encourage engagement and raise aspiration. We listen to what is needed and then shape our delivery around this, constantly reflecting on our practise and services. As the landscape shifts, we are able to be agile and responsive.

Our core services:

Open Access 3 times weekly 1:1 Support daily Family Support daily Parents Group weekly (term time) Young Carers Support daily Hygiene Bank daily More than a Bike once a week Young Persons Committee twice a week Duke Of Edinburgh Award weekly Chess Club weekly DMA Drop-in weekly BNHF Activities during school holidays

Huge amounts of our time is being taken up with safeguarding concerns about our young people and families. We are often the first port of call for a young person to disclose a worry, and how we respond is essential to how relationships move forward. We are a trusted organisation and work hard to build positive and transparent relationships with all who attend our services

We work in partnership with many other agencies, particularly our fab local schools. This has become a daily occurance over the last year, with many complicated and challenging cases needing a range of input. We know we are stonger together

2

Who did we help?

The types of issues we are seeing include:

Not only do swan youth help local children, they help the whole local community. Amazing, friendly and supportive. Couldn't ask for better!

3

Annual feedback.....

98% of young people feel safe at SYP 100% of young people feel well supported here 96% say they can ask for further support if they need it

96% say that coming to SYP helps their mental health

95% say that coming to SYP helps their confidence

81% say they feel they have a voice here

----- Start of picture text -----
I really like
being listened
to and
respected
----- End of picture text -----

I love everything! It's a place I know that I can be myself. Everyone is so amazing and I love seeing them all. Activities are so fun.

I like being able to be myself without the fear of judgement

‘The communication between school and the Swan Youth is exceptional. The Swan Youth Project brings a wealth of information about our children and families which ensures they receive the very best of care in our community. We are able to signpost parents to support at the parent groups, refer children for vital 1:1 sessions, encourage children to widen their social skills at the Open Access sessions and send our Young Carers for extra help. As a school with ever decreasing funds and resources, the support and help we receive from the Swan Centre is invaluable. We are grateful for the whole team and their amazing work every day’

Deputy Head of local Primary school

4

Our Community is the best!

5

2025/26 has been an extremely busy and challenging year, showing us once again how important our project is. We are on the ground, listening to our community and responding to need. We deliver high quality services, taking pleasure and pride in everything we do. Thank-you to everyone who has supported us in every way - we see you

www.swanyouthproject.org

6

SWAN YOUTH PROJECT (NORFOLK) LIMITED (FORMERLY - THE SOUTH WEST NORFOLK YOUTH OPPORTUNITIES PROJECT) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026

Financial review

Reservespolicy

Reserves need to be held to enable an orderly winding down of the charity's affairs in the event that adequate funding is no longer is available. The Trustees have resolved that the Unrestricted Income and Expenditure Fund should be held at a level of between 25% and 50% of total annual expenditure. At 31 March 2026, the fund held £132,260 (2025 £111,498) in unrestricted reserves. This equates to 44% of our planned annual running costs for 2026/27, which are budgeted to be £280,119. The trustees emergency reserve of £80,000 is also within this agreed level, at 28% of budgeted annual running costs for 2026/27. The trustees are satisfied that these figures are in-line with our stated policy and enable us to have the confidence to go ahead with the planned expansion of our charitable support work for the coming year.

Structure, governance and management

Swan Youth Project (Norfolk) was registered as a charity on 23 September 2011 with charity number: 1143957 as a charitable company. As such, it is also registered in England and Wales under the company registration number: 07639262.

The charity is also known by other previous names and shortened versions being:

Swan Youth Project

The South West Norfolk Youth Opportunities Project

The Swan Youth Project (Norfolk) is governed by its Memorandum and Articles of Association which were incorporated on 18 May 2011 and as amended by special resolution registered at Companies House on 12 September 2011 with further amendments on 1 November 2019 and 25 February 2021.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

H L Peak (Resigned 14 April 2025) J Bagge A Hornby C Edwards D Wynne (Appointed 14 April 2025) B Filby Hobbs J Wilcox O Judges (Appointed 9 February 2026)

SWAN YOUTH PROJECT (NORFOLK) LIMITED (FORMERLY - THE SOUTH WEST NORFOLK YOUTH OPPORTUNITIES PROJECT) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

Recruitment and appointment of trustees

Members of the trustees shall be persons who through occupation, employment or otherwise have special knowledge of the area of benefit or who are otherwise able, by virtue of their personal or professional qualifications, to contribute to the pursuits of the objects of the charity.

All new trustees will be provided with:

In addition, the trustees are encouraged to read Charity Commission and other newsletters and to attend courses designed to keep them abreast of their duties and responsibilities.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £10 in the event of a winding up.

Training is provided to keep trustees up to date with new legislation on a regular basis.

Organisational structure

The charitable company is governed by a Board of Trustees of at least three trustees with no maximum number. The Board of Trustees control the financial affairs of the charitable company.

The day to day running of the charity is delegated to Anna Foster, the CEO of the charity.

The trustees' report was approved by the Board of Trustees.

J Bagge

Trustee

Date: 06/07/2026

SWAN YOUTH PROJECT (NORFOLK) LIMITED (FORMERLY - THE SOUTH WEST NORFOLK YOUTH OPPORTUNITIES PROJECT) INDEPENDENTEXAMINER'S REPORT TO THE TRUSTEES OF SWAN YOUTH PROJECT (NORFOLK) LIMITED

I report to the trustees on my examination of the financial statements of Swan Youth Project (Norfolk) Limited (the charity) for the year ended 31 March 2026.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination

I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Sharon Edwards, F.C.A.

Mapus-Smith&Lemmon LLP

48 King Street King's Lynn Norfolk PE30 1HE Date: ............................

SWAN YOUTH PROJECT (NORFOLK) LIMITED (FORMERLY - THESOUTHWESTNORFOLKYOUTHOPPORTUNITIES PROJECT) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 MARCH 2026

Income from:
Donations andlegacies
Charitable activities
Investments
Total income
Expenditure on:
Net movement in
funds
Reconciliation of funds:
Raising funds
Charitable activities
6
7
Total expenditure
Net income/(expenditure)
9
Fund balances at 31 March
2026
Notes
3
4
5
Unrestricted
funds
2026
£
Restricted
funds
2026
£
Transfers between
funds
Fund balances at1April 2025
20,762
58,589
34,654
762
94,005
2,204
71,039
73,243
20,762
111,498
132,260
-
-
189,895
128,518
190,429
-
-
190,429
3,396
248,410
251,806
(61,377)
(61,377)		 Income from:
Donations andlegacies
Charitable activities
Investments
Total income
Expenditure on:
Net movement in
funds
Reconciliation of funds:
Raising funds
Charitable activities
6
7
Total expenditure
Net income/(expenditure)
9
Fund balances at 31 March
2026
Notes
3
4
5
Unrestricted
funds
2026
£
Restricted
funds
2026
£
Transfers between
funds
Fund balances at1April 2025
20,762
58,589
34,654
762
94,005
2,204
71,039
73,243
20,762
111,498
132,260
-
-
189,895
128,518
190,429
-
-
190,429
3,396
248,410
251,806
(61,377)
(61,377)		 Income from:
Donations andlegacies
Charitable activities
Investments
Total income
Expenditure on:
Net movement in
funds
Reconciliation of funds:
Raising funds
Charitable activities
6
7
Total expenditure
Net income/(expenditure)
9
Fund balances at 31 March
2026
Notes
3
4
5
Unrestricted
funds
2026
£
Restricted
funds
2026
£
Transfers between
funds
Fund balances at1April 2025
20,762
58,589
34,654
762
94,005
2,204
71,039
73,243
20,762
111,498
132,260
-
-
189,895
128,518
190,429
-
-
190,429
3,396
248,410
251,806
(61,377)
(61,377)		 Income from:
Donations andlegacies
Charitable activities
Investments
Total income
Expenditure on:
Net movement in
funds
Reconciliation of funds:
Raising funds
Charitable activities
6
7
Total expenditure
Net income/(expenditure)
9
Fund balances at 31 March
2026
Notes
3
4
5
Unrestricted
funds
2026
£
Restricted
funds
2026
£
Transfers between
funds
Fund balances at1April 2025
20,762
58,589
34,654
762
94,005
2,204
71,039
73,243
20,762
111,498
132,260
-
-
189,895
128,518
190,429
-
-
190,429
3,396
248,410
251,806
(61,377)
(61,377)		 Income from:
Donations andlegacies
Charitable activities
Investments
Total income
Expenditure on:
Net movement in
funds
Reconciliation of funds:
Raising funds
Charitable activities
6
7
Total expenditure
Net income/(expenditure)
9
Fund balances at 31 March
2026
Notes
3
4
5
Unrestricted
funds
2026
£
Restricted
funds
2026
£
Transfers between
funds
Fund balances at1April 2025
20,762
58,589
34,654
762
94,005
2,204
71,039
73,243
20,762
111,498
132,260
-
-
189,895
128,518
190,429
-
-
190,429
3,396
248,410
251,806
(61,377)
(61,377)		 Total Unrestricted
funds
2025
£
2026
£
Restricted
funds
2025
£
Total
2025
£
249,018
34,654
762
284,434
66,968
41,549
1,093
109,610
247,246
-
-
247,246
314,214
41,549
1,093
356,856		 Total Unrestricted
funds
2025
£
2026
£
Restricted
funds
2025
£
Total
2025
£
249,018
34,654
762
284,434
66,968
41,549
1,093
109,610
247,246
-
-
247,246
314,214
41,549
1,093
356,856		 Total Unrestricted
funds
2025
£
2026
£
Restricted
funds
2025
£
Total
2025
£
249,018
34,654
762
284,434
66,968
41,549
1,093
109,610
247,246
-
-
247,246
314,214
41,549
1,093
356,856		 Total Unrestricted
funds
2025
£
2026
£
Restricted
funds
2025
£
Total
2025
£
249,018
34,654
762
284,434
66,968
41,549
1,093
109,610
247,246
-
-
247,246
314,214
41,549
1,093
356,856		 Total Unrestricted
funds
2025
£
2026
£
Restricted
funds
2025
£
Total
2025
£
249,018
34,654
762
284,434
66,968
41,549
1,093
109,610
247,246
-
-
247,246
314,214
41,549
1,093
356,856
2,204
71,039
73,243		 3,396
248,410
251,806		 5,600
319,449
325,049		 275
75,713
75,988		 6,925
201,310
208,235
7,200
277,023
284,223
20,762
20,762
111,498
132,260
-		 -
189,895
128,518
(61,377)
(61,377)		 -
301,393
260,778
(40,615)
(40,615)		 28,622
82,876
33,622
111,498
(5,000)		 44,011
5,000
39,011
145,884
189,895
72,633
72,633
228,760
301,393
-

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

10 -

SWAN YOUTH PROJECT (NORFOLK) LIMITED (FORMERLY - THE SOUTH WEST NORFOLK YOUTH OPPORTUNITIES PROJECT) BALANCE SHEET

AS AT 31 MARCH 2026

Fixed assets
Current assets
Stocks
Cash at bank and in hand
The funds of the charity
Creditors: amounts falling due within
one year
Net current assets
Total assets less current liabilities
14
15
17
18
Notes
13
Tangibleassets
Restrictedincomefunds
Unrestricted funds		 2026
£
1,465
216,706
218,171
(7,670)		 £
50,277
210,501
260,778
128,518
132,260
260,778		 2025
£
£
2,121
249,740
251,861
(7,821)
57,353
244,040
301,393
189,895
111,498
301,393

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2026.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 06/07/2026.

JBagge

Trustee

SWAN YOUTH PROJECT (NORFOLK) LIMITED (FORMERLY - THE SOUTH WEST NORFOLK YOUTH OPPORTUNITIES PROJECT) NOTESTOTHE FINANCIALSTATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1 Accounting policies

Charity information

Swan Youth Project(Norfolk) Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Swan Youth Project Norfolk, Paradise Road, Downham Market, Norfolk, PE38 9JE.

1.1 Basis of preparation

Thefinancial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At thetime of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestrictedfundsare available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Incomeis recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

SWAN YOUTH PROJECT (NORFOLK) LIMITED (FORMERLY - THE SOUTH WEST NORFOLK YOUTH OPPORTUNITIES PROJECT) NOTESTOTHE FINANCIALSTATEMENTS(CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

1 Accounting policies

(Continued)

1.5 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 are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangiblefixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements Over the term of the lease
Computers 20% straight line
Project assets 20% straight line
Kitchen equipment 20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

Ateach reporting end date,the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9 Cash and cash equivalents

Cash andcash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

SWAN YOUTH PROJECT (NORFOLK) LIMITED (FORMERLY - THE SOUTH WEST NORFOLK YOUTH OPPORTUNITIES PROJECT) NOTESTOTHE FINANCIALSTATEMENTS(CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

1 Accounting policies

(Continued)

Basic financial assets

Basicfinancial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financialliabilities,including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financialliabilitiesarederecognisedwhen the charity’s contractual obligations expire or are discharged or cancelled.

1.10Employee benefits

Thecostofanyunused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11Retirement benefits

Paymentstodefinedcontribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

SWAN YOUTH PROJECT (NORFOLK) LIMITED (FORMERLY - THE SOUTH WEST NORFOLK YOUTH OPPORTUNITIES PROJECT) NOTESTOTHE FINANCIALSTATEMENTS(CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

3 Income from donations and legacies

Grants receivable for core activities
Unrestricted
funds
2026
£
Restricted
funds
2026
£
Donations and gifts
Grants
Unrestricted grants
Bain Associates
De Laszlo Fund
Garfield Weston
Love Norfolk
Sir Norman Lamb Mental
Health & Wellbeing Fund
NCF Space Youth Fund
National Lottery
Community Fund
Children In Need
Duke of Edinburgh
NCF - Household support
fund
NCF - Employability
Norfolk County Council
NCF - Parents Group
NCF - Norfolk Community
Foundation
Awards for All
Alan Boswell
The Fathing Trust
Other small grants
33,589
25,000
58,589
25,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
25,000
1,645
188,784
190,429
-
50,000
6,000
-
-
-
5,000
61,663
15,000
7,149
5,000
5,000
-
-
5,000
-
-
5,000
23,973
188,785		 Total Unrestricted
funds
2025
£
2026
£
Restricted
funds
2025
£
Total
2025
£
35,234
213,784
249,018
25,000
50,000
6,000
-
-
-
5,000
61,663
15,000
7,149
5,000
5,000
-
-
5,000
-
-
5,000
23,973
213,785
17,968
49,000
66,968
49,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
49,000
4,425
242,821
247,246
-
50,000
6,000
30,000
5,000
6,000
15,000
58,822
-
-
-
-
7,114
7,750
7,750
20,000
10,000
5,000
14,385
242,821
22,393
291,821
314,214
49,000
50,000
6,000
30,000
5,000
6,000
-
-
-
-
-
-
-
-
-
-
-
-
14,385
160,385

SWAN YOUTH PROJECT (NORFOLK) LIMITED (FORMERLY - THE SOUTH WEST NORFOLK YOUTH OPPORTUNITIES PROJECT) NOTESTOTHE FINANCIALSTATEMENTS(CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

4 Income from charitable activities

Unrestricted Unrestricted
funds funds
2026 2025
£ £
Charitable activities income
Sale of goods - 646
Services provided under contract 1,920 9,240
Sales of services by beneficiaries 5,225 5,101
Charitable rental income 7,800 7,800
Other income 19,709 18,762
34,654 41,549

5 Income from investments

Unrestricted Unrestricted
funds funds
2026 2025
£ £
Interest receivable 762 1,093

6 Expenditure on raising funds

Unrestricted Restricted Total Unrestricted Total Unrestricted Restricted Total
funds funds funds funds
2026 2026 2026 2025 2025 2025
£ £ £ £ £ £
Fundraising and publicity
Seeking donations,grants
and legacies 2,204 3,396 5,600 275 6,925 7,200

SWAN YOUTH PROJECT (NORFOLK) LIMITED (FORMERLY - THE SOUTH WEST NORFOLK YOUTH OPPORTUNITIES PROJECT) NOTESTOTHE FINANCIALSTATEMENTS(CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

7 Expenditure on charitable activities

Direct costs
Analysis by fund
Share of support and governance costs (see note 8)
Support
Governance
Charitable
activities
2026
£
Charitable
activities
2025
£
Unrestricted funds
Restricted funds
Staff costs
Depreciation and impairment
Activity and group costs
Office costs
Training costs
Light and heat
Repairs and maintenance
Advertising
Insurance
Telephone
Printing, postage and stationery
Sundry expenses
Travel costs
Grants and donations
Shop purchases
Rent and rates
206,849
7,815
23,360
451
3,962
8,692
4,417
499
2,213
1,765
1,205
6,077
918
5,630
6,343
15,738
295,934
19,397
4,118
319,449
71,039
248,410
319,449
19,311
1,860
277,023
75,713
201,310
277,023
176,997
9,092
10,424
-
2,498
10,071
9,259
933
1,996
1,696
1,451
6,364
2,097
978
6,098
15,898
255,852		 Direct costs
Analysis by fund
Share of support and governance costs (see note 8)
Support
Governance
Charitable
activities
2026
£
Charitable
activities
2025
£
Unrestricted funds
Restricted funds
Staff costs
Depreciation and impairment
Activity and group costs
Office costs
Training costs
Light and heat
Repairs and maintenance
Advertising
Insurance
Telephone
Printing, postage and stationery
Sundry expenses
Travel costs
Grants and donations
Shop purchases
Rent and rates
206,849
7,815
23,360
451
3,962
8,692
4,417
499
2,213
1,765
1,205
6,077
918
5,630
6,343
15,738
295,934
19,397
4,118
319,449
71,039
248,410
319,449
19,311
1,860
277,023
75,713
201,310
277,023
176,997
9,092
10,424
-
2,498
10,071
9,259
933
1,996
1,696
1,451
6,364
2,097
978
6,098
15,898
255,852		 Direct costs
Analysis by fund
Share of support and governance costs (see note 8)
Support
Governance
Charitable
activities
2026
£
Charitable
activities
2025
£
Unrestricted funds
Restricted funds
Staff costs
Depreciation and impairment
Activity and group costs
Office costs
Training costs
Light and heat
Repairs and maintenance
Advertising
Insurance
Telephone
Printing, postage and stationery
Sundry expenses
Travel costs
Grants and donations
Shop purchases
Rent and rates
206,849
7,815
23,360
451
3,962
8,692
4,417
499
2,213
1,765
1,205
6,077
918
5,630
6,343
15,738
295,934
19,397
4,118
319,449
71,039
248,410
319,449
19,311
1,860
277,023
75,713
201,310
277,023
176,997
9,092
10,424
-
2,498
10,071
9,259
933
1,996
1,696
1,451
6,364
2,097
978
6,098
15,898
255,852		 Direct costs
Analysis by fund
Share of support and governance costs (see note 8)
Support
Governance
Charitable
activities
2026
£
Charitable
activities
2025
£
Unrestricted funds
Restricted funds
Staff costs
Depreciation and impairment
Activity and group costs
Office costs
Training costs
Light and heat
Repairs and maintenance
Advertising
Insurance
Telephone
Printing, postage and stationery
Sundry expenses
Travel costs
Grants and donations
Shop purchases
Rent and rates
206,849
7,815
23,360
451
3,962
8,692
4,417
499
2,213
1,765
1,205
6,077
918
5,630
6,343
15,738
295,934
19,397
4,118
319,449
71,039
248,410
319,449
19,311
1,860
277,023
75,713
201,310
277,023
176,997
9,092
10,424
-
2,498
10,071
9,259
933
1,996
1,696
1,451
6,364
2,097
978
6,098
15,898
255,852
71,039
248,410
319,449		 75,713
201,310
277,023

SWAN YOUTH PROJECT (NORFOLK) LIMITED (FORMERLY - THE SOUTH WEST NORFOLK YOUTH OPPORTUNITIES PROJECT) NOTESTOTHE FINANCIALSTATEMENTS(CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

8
9
Analysed between:
Net movement in funds
Governance costs comprise:
Support costs allocated to activities
Charitable activities
Staff costs
Depreciation
Software and licences
Subscriptions
Bank fees
Governance costs
Independent examination
Accountancy
Legal and professional
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets		 2026
£
23,515
13,773
365
3,325
1,005
930
4,117
23,515		 2025
£
14,571
144
2,816
999
781
1,860
21,171
21,171
2026
£
2026
£
1,890
8,180
1,890
34
2,193
4,117		 2025
£
1,066
34
760
1,860
2025
£
1,066
9,236

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

11 Employees

The average monthly number of employees during the year was:

2026 2025
Number Number
10 10

SWAN YOUTH PROJECT (NORFOLK) LIMITED (FORMERLY - THE SOUTH WEST NORFOLK YOUTH OPPORTUNITIES PROJECT) NOTESTOTHE FINANCIALSTATEMENTS(CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

11
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2026
£
(Continued)
2025
£
204,395
12,205
4,022
220,622
184,477
4,426
2,665
191,568

The full time equivalent of this was 6 (2025 - 7).

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

Theremunerationofkeymanagementpersonnelwas as follows:

Remuneration of key management personnel
Theremunerationofkeymanagementpersonnelwas as follows:
2026 2025
£ £
Aggregate compensation 50,058 45,542

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

13 Tangible fixed assets

Tangible fixed assets
Leasehold ComputersProject assets Kitchen Total
improvements equipment
£ £ £ £ £
Cost
At 1 April 2025 67,098 2,184 6,971 4,982 81,235
At 31 March 2026 67,098 2,184 6,971 4,982 81,235
Depreciation and impairment
At 1April 2025 13,420 504 6,861 1,993 22,778
Depreciation charged in the year 6,710 365 109 996 8,180
At 31 March 2026 20,130 869 6,970 2,989 30,958
Carrying amount
At 31 March
2026		 46,968 1,315 1 1,993 50,277
At 31 March 2025 53,678 575 110 2,990 57,353

Project assets include furniture, equipment and office equipment purchased by restricted funds for relevant project. Office equipment is purchased specifically for the office and support use.

the

SWAN YOUTH PROJECT (NORFOLK) LIMITED (FORMERLY - THE SOUTH WEST NORFOLK YOUTH OPPORTUNITIES PROJECT) NOTESTOTHE FINANCIALSTATEMENTS(CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

14
15
16
Stocks
Retirement benefit schemes
Defined contribution schemes
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Accruals and deferred income
Finished goods and goods for resale
Charge to profit or loss in respect of defined contribution schemes		 2026
£
2026
£
2025
£
2025
£
1,465
4,840
1,033
1,797
7,670
2,121
2,747
2,783
2,291
7,821
2026
£
2025
£
4,022
2,665

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

SWAN YOUTH PROJECT (NORFOLK) LIMITED (FORMERLY - THE SOUTH WEST NORFOLK YOUTH OPPORTUNITIES PROJECT) NOTESTOTHE FINANCIALSTATEMENTS(CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

17 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April Incoming Resources Transfers Gains and At 31 March
2025 resources expended losses 2026
£ £ £ £ £ £
- - - - - -
Alan Boswell 7,500 - (7,500) - - -
Bain Associates 18,916 50,000 (44,622) - - 24,294
De Laszlo Fund - 6,000 (3,926) - - 2,074
National Lottery
Community
Fund 26,184 61,663 (57,613) - - 30,234
Love Downham
Shop 6,236 2,333 (7,619) - - 950
No Child Goes
Hungry
Garfield Weston
The Fathing
Trust		 733
14,880
3,750		 1,645
-
5,000		 (350)
(14,880)
(3,750)		 -
-		 -
-		 2,028
-
5,000
NCF - Parents
Group 2,083 - (2,083) -
Sir Norman
Lamb Mental
Health &
Wellbeing Fund
West Norfolk		 5,983 - (5,945) - - 38
Lives
Love Norfolk 11,667 - (9,933) - - 1,734
and Flux fund
BCKLWN CIL 563 - (563) - - -
HAF funding
NCF Space		 40,224
-		 -
8,361		 (4,888)
(6,315)		 -
-		 -
-		 35,336
2,046
Youth Fund
Youth		 12,976 5,000 (17,976) - - -
Investment
Fund
National Lottery
Norfolk		 14,194
10,000		 -
-		 (1,774)
(10,000)		 -
-		 -
-		 12,420
-
Household
Support Fund
NCF		 - 5,000 (4,969) - - 31
Employability
NCF Freebridge - 5,000 (5,000) - - -
NCF Mercers - 2,500 (2,500) - - -
BBC Children in - 2,181 (2,181) - - -
Need
Duke of - 15,000 (12,500) - - 2,500
Edinburgh
Greening our - 9,094 (6,580) - - 2,514
communities
- 5,000 (1,822) - - 3,178

SWAN YOUTH PROJECT (NORFOLK) LIMITED (FORMERLY - THE SOUTH WEST NORFOLK YOUTH OPPORTUNITIES PROJECT)

NOTESTOTHE FINANCIALSTATEMENTS(CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

17 Restricted funds

(Continued)

SWAN YOUTH PROJECT (NORFOLK) LIMITED (FORMERLY - THE SOUTH WEST NORFOLK YOUTH OPPORTUNITIES PROJECT) NOTESTOTHE FINANCIALSTATEMENTS(CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

17 Restricted funds (Continued)
Previous year: At 1 April Incoming Resources Transfers Gains and At 31 March
2024 resources expended losses 2025
£ £ £ £ £ £
Alan Boswell - 10,000 (2,500) - - 7,500
Bain Associates 7,675 50,000 (38,759) - - 18,916
De Laszlo Fund 925 6,000 (6,925) - - -
Norfolk County
Council - 7,114 (7,114) - - -
National Lottery
Community
Fund - 58,822 (32,638) - - 26,184
Love Downham
Shop
Love Norfolk
No Child Goes		 22,891
1,344		 12,400
-		 (29,055)
(1,344)		 -
-		 -
-		 6,236
-
Hungry 408 1,125 (800) - - 733
Garfield Weston - 30,000 (15,120) - - 14,880
The Fathing - 5,000 (1,250) - - 3,750
Trust
NCF - Parents - 7,750 (5,667) - - 2,083
Group
Sir Norman
Lamb Mental
Health &
Wellbeing Fund
West Norfolk - 6,000 (17) - - 5,983
Lives
Love Norfolk - 20,000 (8,333) - - 11,667
and Flux fund
YAB: Mental - 5,000 (4,437) - - 563
Health Tender
BCKLWN CIL 5,500 - (5,500) - - -
HAF funding
NCF Space		 45,112
2,760		 -
-		 (4,888)
(2,760)		 -
-		 -
-		 40,224
-
Youth Fund
Youth		 11,500 15,000 (13,524) - - 12,976
Investment
Fund
National Lottery
Other small		 15,968
20,000		 -
-		 (1,774)
(10,000)		 -
-		 -
-		 14,194
10,000
funds
11,801 13,035 (15,830) 5,000 - 14,006
145,884 247,246 (208,235) 5,000 - 189,895

SWAN YOUTH PROJECT (NORFOLK) LIMITED (FORMERLY - THE SOUTH WEST NORFOLK YOUTH OPPORTUNITIES PROJECT) NOTESTOTHE FINANCIALSTATEMENTS(CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

17 Restricted funds

(Continued)

The 'Other small funds' relates to retracted funds for which the income and expenditure is below £5,000 and have therefore been amalgamated for the purposes of the financial statement but separate details are retained by the charity.

AlanBoswell fund represents monies received for core costs for Love Downham shop (staff/utilities/running costs)

Bain Associates fund represents monies received for the purpose of delivery of our Community Liaison work; getting out to all of our schools, groups and businesses to raise the profile of the charity and engage and inspire young people to attend the project, Again surpluses are unlikely and any deficit will be covered by unrestricted funds.

De Laszlo fund represents monies received for the purpose of expanding and improving our fundraising. Any surplus would be repayable and deficits are covered by use of unrestricted funds.

NorfolkCounty Council Community Fund represents monies received to fund a sport coach in our Junior Youth Group,

National Lottery Community Fund represents monies received for supporting young peoples mental health :1sessions.

Love Downham Shop fund represents monies received towards funding the start up costs for our Community Shop and project Co-Ordinator. Any surplus can be added to our unrestricted funds and deficits are covered by unrestricted funds.

Love Norfolk fund represents monies received towards funding the charity's Family Support Service. Any surplus can be added to our unrestricted funds and deficits are covered by unrestricted funds.

No Child Goes Hungry fund represents monies received to enable us to provide food parcels and food related learning to young people and families within our area who are in short term financial need. This will never be in surplus and deficits will be covered by unrestricted funds.

Garfield Weston Fund represents monies received for the purpose of providing social and emotional support through groups and 1:1 support. Any surplus can be added to our unrestricted funds and deficits are covered by unrestricted funds.

The Fathing Trust fund represents monies received for us to deliver Family Support and 1:1 support to young people and their families.

NCF - Freebridge fund represents monies received for our Parents Group on a Tuesday morning.

Sir Norman Lamb Mental Health & Wellbeing fund represents monies received for the purposes of supporting out core offer for young people. Any surplus could be added to our unrestricted funds and deficits are covered by unrestricted funds.

West Norfolk Lives fund represents monies received towards funding the charity's Open Access sessions. Any surplus could be added to our unrestricted funds and deficits are covered by unrestricted funds.

LoveNorfolkandFlux fund represents monies received for supporting young people with work readiness and work experience.

NCF Mental Health Support fund represents monies received towards funding the charity's 1:1 support sessions for mild / emerging mental health problems. Any surplus can be added to our unrestricted funds and deficits are covered by unrestricted funds.

SWAN YOUTH PROJECT (NORFOLK) LIMITED (FORMERLY - THE SOUTH WEST NORFOLK YOUTH OPPORTUNITIES PROJECT) NOTESTOTHE FINANCIALSTATEMENTS(CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

17 Restricted funds

(Continued)

BCKLWN CIL fund is for reconfiguring the building.

HAF Funding to deliver holiday sessions to young people.

NCF Space Youth Fund to employ a worker to support young people at risk of anti-social behaviour.

Youth Investment Fund to fit a new heating system in our building, which is more environmentally friendly and cost effective.

National Lottery is 2 years funding for core costs of our delivery.

Norfolk Household Support Fund: Support for vulnerable people, through vouchers for our Love Downham shop.

NCF Employability: To deliver employment support to young people at risk of NEET.

NCF Freebridge: To fund the continuation of our Parents Group.

NCF Mercers: Sport activity funded within Thursday Open Access.

BBC Children in Need: 1:1 support for mental health.

Duke of Edinburgh: Funding to support the set up of D of E plus the licence fee and participation spaces.

Greening our Communities: Funding to pay for a gardener to design and develop our outdoor space and inspire our young people to garden.

RWHA Charity: Funding for our residential trip.

18 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April Incoming Resources Transfers At 31 March
2025 resources expended 2026
£ £ £ £ £
General funds 111,498 94,005 (73,243) - 132,260
Previous year: At 1 April Incoming Resources Transfers At 31 March
2024 resources expended 2025
£ £ £ £ £
General funds 82,876 109,610 (75,988) (5,000) 111,498

SWAN YOUTH PROJECT (NORFOLK) LIMITED (FORMERLY - THE SOUTH WEST NORFOLK YOUTH OPPORTUNITIES PROJECT) NOTESTOTHE FINANCIALSTATEMENTS(CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

18 Unrestricted funds

(Continued)

The charity aims to maintain an emergency reserve of £80,000, to cover annual running costs, with the balance of funds (although not restricted) being designated by the trustees for projects in the forthcoming year.

19 Analysis of net assets between funds

Unrestricted Restricted Total
funds funds
2026 2026 2026
£ £ £
At 31 March 2026:
Tangible assets
Current assets/(liabilities)		 1,315
130,945		 48,962
79,556		 50,277
210,501
132,260 128,518 260,778
Unrestricted Restricted Total
funds funds
2025 2025 2025
£ £ £
At 31 March 2025:
Tangible assets
Current assets/(liabilities)		 685
110,813		 56,668
133,227		 57,353
244,040
111,498 189,895 301,393

20 Operating lease commitments

Lessee

Atthereporting enddate thecharity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years
In over five years		 2026
£
2025
£
19,600
9,600
21,600
50,800
24,600
48,400
2,400
75,400

SWAN YOUTH PROJECT (NORFOLK) LIMITED (FORMERLY - THE SOUTH WEST NORFOLK YOUTH OPPORTUNITIES PROJECT)

NOTESTOTHE FINANCIALSTATEMENTS(CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

21 Events after the reporting date

In June 2026, the difficult decision was made to close our Love Downham shop. Funding has become more difficult to obtain in recent years and the decision has been made to prioritise the Swan Youth Project for which there is currently a waiting list for many of the services we provide. The estimated cost to close the shop is between £5,000 and £10,000.

22 Related party transactions

There were no disclosable related party transactions during the year (2025 - none).