**REGISTERED CHARITY NUMBER: 1184499** ## Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2021 for ## The Swivel Club CIO David Robinson FCCA A & S Consultancy 35 Colworth House Colworth Park Sharnbrook Bedford MK44 1LQ The Swivel Club CIO Contents of the Financial Statements for the Year Ended 31 December 2021 ||Page| |---|---| |Report of the Trustees|1| |Independent Examiner's Report|2| |Statement of Financial Activities|3| |Balance Sheet|4| |Notes to the Financial Statements|5 to 8| |Detailed Statement of Financial Activities|9| The Swivel Club CIO ## Report of the Trustees ## for the Year Ended 31 December 2021 The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an incorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1184499 ## **Principal address** 111 Bradshaw Way Irchester WELLINGBOROUGH Northamptonshire NN29 7DW ## **Trustees** R Waterfield M Waters C Beckett ## **Independent Examiner** David Robinson FCCA A & S Consultancy 35 Colworth House Colworth Park Sharnbrook Bedford MK44 1LQ Approved by order of the board of trustees on 12 October 2022 and signed on its behalf by: M Waters - Trustee Page 1 Independent Examiner's Report to the Trustees of The Swivel Club CIO ## **Independent examiner's report to the trustees of The Swivel Club CIO** I report to the charity trustees on my examination of the accounts of The Swivel Club CIO (the Trust) for the year ended 31 December 2021. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 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 accounts to be reached. David Robinson FCCA A & S Consultancy 35 Colworth House Colworth Park Sharnbrook Bedford MK44 1LQ 12 October 2022 Page 2 The Swivel Club CIO ## Statement of Financial Activities for the Year Ended 31 December 2021 |Year Ended
31.12.21
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Other trading activities
2
23,729
Other income
3,430
**Total**
27,159
**EXPENDITURE ON**
**Charitable activities**
Donations Made
7,758
Other
9,046
**Total**
16,804
**NET INCOME**
10,355
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
105,809
**TOTAL FUNDS CARRIED FORWARD**
116,164|Period
19.7.19
to
31.12.20
Total
funds
£
26,482
107,922
134,404
17,750
10,845
28,595
105,809
-
105,809| |---|---| The notes form part of these financial statements Page 3 The Swivel Club CIO ## Balance Sheet ## 31 December 2021 |31.12.21
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Cash at bank
117,264
**CREDITORS**
Amounts falling due within one year
5
(1,100)
**NET CURRENT ASSETS**
116,164
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
116,164
**NET ASSETS**
116,164
**FUNDS**
6
Unrestricted funds
116,164
**TOTAL FUNDS**
116,164|31.12.20
Total
funds
£
106,359
(550)
105,809
105,809
105,809
105,809
105,809| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 12 October 2022 and were signed on its behalf by: M Waters - Trustee R Waterfield - Trustee The notes form part of these financial statements Page 4 The Swivel Club CIO Notes to the Financial Statements for the Year Ended 31 December 2021 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Going concern** The financial statements are prepared on a going concern basis, under the historical cost convention and on the assumption that the charity will continue its operations for the foreseeable future. Although the fund raising activities of the Charity have been severely affected by Covid-19, the assets of the Charity are substantially represented by cash held at bank. The Trustees believe that it is appropriate to prepare the accounts on a going concern basis. Page 5 continued... The Swivel Club CIO ## Notes to the Financial Statements - continued for the Year Ended 31 December 2021 ## **2. OTHER TRADING ACTIVITIES** |**OTHER TRADING ACTIVITIES**||| |---|---|---| |||Period| |||19.7.19| ||Year Ended|to| ||31.12.21|31.12.20| ||£|£| |Fundraising events|80|16,755| |Shop income|23,649|9,727| ||23,729|26,482| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the period ended 31 December 2020. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2021 nor for the period ended 31 December 2020. ## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**INCOME AND ENDOWMENTS FROM**|Unrestricte
fund
£| |---|---| |Other trading activities|26,482| |Other income|107,922| |**Total**|134,404| |**EXPENDITURE ON**|| |**Charitable activities**|| |Donations Made|17,750| |Other|10,845| |**Total**|28,595| |**NET INCOME**|105,809| |**TOTAL FUNDS CARRIED**|| |**FORWARD**|105,809| Page 6 continued... The Swivel Club CIO ## Notes to the Financial Statements - continued for the Year Ended 31 December 2021 |**5.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**6.**
**MOVEMENT IN FUNDS**
At 1.1.21
£
**Unrestricted funds**
General fund
105,809
**TOTAL FUNDS**
105,809
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
27,159
**TOTAL FUNDS**
27,159
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|31.12.21
£
1,100
Net
movement
in funds
£
10,355
10,355
Resources
expended
£
(16,804)
(16,804)
Net
movement
in funds
£
105,809
105,809|31.12.20
£
550
At
31.12.21
£
116,164
116,164
Movement
in funds
£
10,355
10,355
At
31.12.20
£
105,809
105,809| |---|---|---| Page 7 continued... The Swivel Club CIO ## Notes to the Financial Statements - continued for the Year Ended 31 December 2021 ## **6. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
134,404
134,404|Resources
expended
£
(28,595)
(28,595)|Movement
in funds
£
105,809
105,809| |---|---|---|---| ## **7. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2021. Page 8 The Swivel Club CIO ## Detailed Statement of Financial Activities for the Year Ended 31 December 2021 |Detailed Statement of Financial Activities
for the Year Ended 31 December 2021||| |---|---|---| |||Period| |||19.7.19| ||Year Ended|to| ||31.12.21|31.12.20| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Other trading activities**||| |Fundraising events|80|16,755| |Shop income|23,649|9,727| |**Other income**|23,729|26,482| |Government grant|3,430|10,000| |Transferred from old charity|-|97,922| ||3,430|107,922| |**Total incoming resources**|27,159|134,404| |**EXPENDITURE**||| |**Charitable activities**||| |Donations|7,758|17,750| |**Support costs**||| |**Governance costs**||| |Insurance|213|479| |Telephone|221|219| |Postage and stationery|1,148|1,020| |Sundries|1,300|652| |Accountancy and legal fees|550|550| |Event costs|4,289|5,070| |Advertising|-|580| |Maintenance|885|2,255| |Licensing|440|20| ||9,046|10,845| |Total resources expended|16,804|28,595| |**Net income**|10,355|105,809| |||| This page does not form part of the statutory financial statements Page 9