REGISTERED CHARITY NUMBER: 1184499 ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2023 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 2023 Page Report of the Trustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements Detailed Statement of Financial Activities 10
The Swivel Club CIO Re ort of the Trustees for the Year Ended 31 December 2023 The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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 4 October 2024 and signed on its behalf by: Page 1
Inde endent Examiner's Re The Swivel Club CIO ort to the Trustees of 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 2023. 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: accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or the accounts do not accord with those records; or 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 COnrnS 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 4 October 2024 Page 2
The Swivel Club CIO Statement of Financial Activities for the Year Ended 31 December 2023 31.12.23 Unrestricted fund 31.12.22 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 1,757 1,212 Other trading activities 50,674 49,012 Total 52,431 50,224 EXPENDITURE ON Charitable activities Donations Made 16,013 28,733 Other 26,107 22,054 Total 42,120 50,787 NET INCOMEI(EXPENDITURE) 10,311 (563) RECONCILIATION OF FUNDS Total funds brought forward 115,601 116,164 TOTAL FUNDS CARRIED FORWARD 125,912 115,601 The notes form part of these financial statements Page 3
The Swivel Club CIO Balance Sheet 31 December 2023 31.12.23 Unrestricted fund 31.12.22 Total funds Notes FIXED ASSETS Tangible assets 2,531 CURRENT ASSETS Cash at bank and in hand 124,181 116,151 CREDITORS Amounts falling due within one year (800) (550) NET CURRENT ASSETS 123,381 115,601 TOTAL ASSETS LESS CURRENT LIABILITIES 125,912 115,601 NET ASSETS 125,912 115,601 FUNDS Unrestricted funds 125,912 115,601 TOTAL FUNDS 125,912 115,601 The financial statements were approved by the Board of Trustees and authorised for issue on 4 October 2024 and were signed on its behalf by: 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 2023 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 practi 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 reSoUrs. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Motor vehicles 25 % on reducing balance 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. Page 5 continued...
The Swivel Club CIO Notes to the Financial Statements - continued for the Year Ended 31 December 2023 OTHER TRADING ACTIVITIES 31.12.23 31.12.22 Fundraising events Shop income 15,570 35,104 11,890 37,122 50,674 49,012 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. Trustees, expenses There were no trustees, expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricte fund INCOME AND ENDOWMENTS FROM Donations and legacies 1,212 Other trading activities 49,012 Total 50,224 EXPENDITURE ON Charitable activities Donations Made 28,733 Other 22,054 Total 50,787 NET INCOMEI(EXPENDITURE) (563) RECONCILIATION OF FUNDS Total funds brought forward 116,164 TOTAL FUNDS CARRIED FORWARD 115,601 Page 6 continued...
The Swivel Club CIO Notes to the Financial Statements - continued for the Year Ended 31 December 2023 TANGIBLE FIXED ASSETS Motor vehicles COST Additions 2,700 DEPRECIATION Charge for year 169 NET BOOK VALUE At 31 December 2023 2,531 At 31 December 2022 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 31.12.22 Other creditors 800 550 MOVEMENT IN FUNDS Net movement in funds At 31.12.23 At 1.1.23 Unrestricted funds General fund 115,601 10,311 125,912 TOTAL FUNDS 115,601 10,311 125,912 Net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 52,431 (42,120) 10,311 TOTAL FUNDS 52,431 42,120) 10,311 Page 7 continued...
The Swivel Club CIO Notes to the Financial Statements - continued for the Year Ended 31 December 2023 MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds At 31.12.22 At 1.1.22 Unrestricted funds General fund 116,164 (563) 115,601 TOTAL FUNDS 116,164 563) 115,601 Comparative net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 50,224 (50,787) (563) TOTAL FUNDS 50,224 50,787) A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31.12.23 At 1.1.22 Unrestricted funds General fund 116,164 9,748 125,912 TOTAL FUNDS 116,164 9,748 125,912 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 102,655 (92,907) 9,748 TOTAL FUNDS 102,655 92,907) 9,748 Page 8 continued...
The Swivel Club CIO Notes to the Financial Statements - continued for the Year Ended 31 December 2023 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2023. Page 9
The Swivel Club CIO Detailed Statement of Financial Activities for the Year Ended 31 December 2023 31.12.23 31.12.22 INCOME AND ENDOWMENTS Donations and legacies Donations 1,757 1,212 Other trading activities Fundraising events Shop income 15,570 35,104 11,890 37,122 50,674 49,012 Total incoming resources 52,431 50,224 EXPENDITURE Charitable activities Donations 16,013 28,573 Support costs Governance costs Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Accountancy and legal fees Event costs Advertising Maintenance Bank charges Shop purchases Storage costs Rent Travelling and conveyance Cleaning Motor expenses Depreciation 192 362 1,321 410 190 744 850 10,401 204 707 453 2,603 936 5,066 219 238 1,042 169 356 927 330 1,277 756 550 7,602 355 940 161 1,304 2,687 4,461 408 100 26,107 22,214 Total resources expended 42,120 50,787 Net incomel(expenditure) 10,311 This page does not form part of the statutory financial statements Page 10