REGISTERED CHARITY NUMBER: 1184499 Re rt of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2024 Swivel Club CIO David RotHnson FCCA A & S Consultancy 35 Colworth House Colworth Park Shambrook Bedford MK44 1 LQ
Th Swivel Club CIO ontents of the Financial Statements for the Year Ended 31 De ber 2024 Page Report of the Trustees IrKlependent Examinerfs Report Statement of FinancAal Activities Balance Sheet Notss to the Financial Statements 5 to 10 Detailed Statement of Financial Activities 11 to 12
el Club CIO ort of the TNstees for the Year Ended 31 Decem r 2024 The trustees present their report with the finanoal statements of the dmrity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charitie5.' Statement of Recommended Prath applicable to chartties preparing their accounts in accordance wtth the Finanaal Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 {effective 1 January 2019). STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its goveming document, a deed of trust and constitutes an incorporated charity- REFERENCE AND ADMINISTRATIVE DETAILS Reglstered CharFty number 1184499 Prlnclpal 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 COOrth House COOrth Park Shambrook Bedford MK44 1LQ Approved by order of the board of trustees on 14 October 2025 and signed on ts behalf by: M Waters - Trustee Page 1
Inde ent Examiners R The Swivel Club CIO rt to the Trustees of Independent examlnefs report to the trustees of The sVe1 Club CIO I report to the charty trustees on my examination of the accounts of The Swivel Club CIO (the Trust) for the year ended 31 Dmber 2024. Responsibilitles and basls ol report As the charty trustees of the Trust you are responsible frjr the preparation of the accounts in accordan with the requirements of the Charities Act 2011 Dhe Act,). I report in respect of my examination of the Trusfs 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 CoMmissn under Section 145(5){b) of the Act Independent examIne$ statement I have completed my examinab'on. I confinn that no m*erial matters have come to my attention in connection with the examination gi me cause to believe that in any material rèspeGt'. accounting records were not kept in respeLt of the Trust as wuired by Section 130 of the Act. or the accounts do not accord with those records: or the accounts do not compty 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 concems and have come across no other matters in conneclion with the examlnation to which attention should te drawn in this report tn order to enable a proper understanding of th8 accounts to be reached. David Robinson FCCA David Robinson FCCA A & S Consuftancy 35 Colworth House COOrth Park Shambrook Bedford MK44 1LQ 14 October 2025 Page 2
The Swiv81 Club Cl statement of Finanaal Activities for the Year Ended 1 December 2024 31.12.24 Unrestricted fiJnd 31.12.23 Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 800 1.757 Other trading actNities Investrnent income 51,242 1,136 50,674 Total 53,178 52.431 EXPENDITURE ON Charitsble activltles Donations Made 16.595 16,013 Other 29,117 26.107 Total 45,712 42,120 NET INCOME 7,466 10,311 RECONCILIATION OF FUNDS Total funds brought forward 125.912 115,601 TOTAL FUNDS CARRIED FORWARD 133.378 125.912 The notes fonn part ot these financial statements Page 3
Th Swivel Club Cl alance Sheet 31 Dember 2024 31.12.24 UnrestTiCted fund 31.12.23 Total funds Notes FIXED ASSErs Tangible assets 1.898 2.531 CURRENT ASSETS Debtors Cash at bank and in harmt 5,070 127,260 124,181 132,330 124.181 CREDrroRS Amounts falling due within one year (850) (800) NET CURRENT ASSETS 131.480 123,381 TOTAL ASSETS LESS CURRENT LIABILITIES 133,378 125,912 NET ASSETS 133,378 125,912 FUNDS Unrestrfcted funds 133.378 125 912 TOTAL FUNDS 133,378 125,912 The financial statements were approved by tl* Board of Trustees and authorised for issue on 14 October 2025 and were signed on ts behalf by". M Waters- Trustee /4./•- R Waterfield - Trustee The notes fomi part of these financial statements Page 4
The Swrvel Club Glo Notes to the Financial Statements for the Year Ended 31 December 2024 ACCOUNTING POUCIES Basis of preparing the financlal statements The financial statements of the charity, whith is a public benefrt entty under FRS 102. have been prepared in accordance with the CharttEs SORP (FRS 102) Accounting and Reporting by Charf(ies.' Statement of Reccffnmended Practice applicable to charrties preparing their accounts in accordanc8 Wtth the Financial Reporting Standard applicable in the UK and Republic of IrelaThY {FRS 102) (effective 1 January 2019)., Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charit$ Act 2011. The financial statemerrts have been prepar&J under the historical cost convention. Income All income is recognised in the Statement of Financial Activit On the charity has entitlement to the funds. li is probable that the income wli I be received and the amount can be measured reliabty. Expenditure LiabilFtJ'es are recognised as expenditure as soon as there is a legal or constructive obligation committing the tharity to that expenditure, it is probable that a transfer of economic benefrts will be required in settlement and the amount of the obligation cAn be measured reliably. Expendrture is accounted for on an accruals basis and has b*n classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated lo actNitses on a basis consistent with the use of resources. Tangible flxed assets Depreciation is provided at the foll¢Jwing arUal rates in order to write off each asset over its estimated useful lrfe. Motor vehides 25% on reducing balance Taxatlon The charity is exempt from tax on its charitable aCbv[ts. Fund accountlng Unrestricted furKls can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can onty be used for particular restritxed wrposes wtthin the objects of the charity. Reslrictions arise when specffied by the donor orwhen fijnds are raed for partictjlar restriGted purposes. Further explanation of the nature and purpose of each fund is included in th8 notes to the financial statements. Golng concern The financial statements are prepared on a gOiTh3 concem basis. under the historical cost convention and on the assumption that the charity will )ntinUe its operations for the foreseeable future. Page 5 continued...
The Swivel Club CIO Notes to the Financial Ststements- continued for the Year En ed 31 December 2024 OTHER TRADING ACTivmES 31.12.24 31.12.23 Fundraising events Shop income 18,949 32,293 15,570 35.104 51,242 50,874 INVESTMENT INCOME 31.12.24 31.12.23 Deposit account interest 1,136 TRUSTEES. REMUNERATION AND BENEFrrs There were no trustees, remuneration or other benefts forthe year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees, expenses There were no trustees. expenses paid for the year ded 31 December 2024 nor for the year ended 31 December 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricte fund INCOME AND ENDOWMENTS FROM Donations arKI legacies 1,757 Other trading activities 50,674 Total EXPENDrruRE ON Charitsblo activitles Donations Made 18,013 Other Total 42,120 NEf INCOME 10,311 RECONCILIATION OF FUNDS Total funds brought foNard 115.601 Page 6 continued...
The Swivel Club Cl Notes to the Financial Statements- Continued for the Year nded 31 December 2024 COMPARATNES FOR THE STATEMEpif OF FINANCIAL ACTMTIES - contlnued Unrestricte fvnd TOTAL FUNDS CARRIED FORWARD 125.912 TANGIBLE FIXED ASSETS Motor vehicles COST At 1 January 2024 and 31 December 2024 2,700 DEPRECIATION At 1 January 2024 Charge for year 169 633 At 31 December 2024 802 NET BOOK VALUE At 31 December 2024 At 31 December 2023 2,531 DEBTORS: AMOUNTS FALLING DUE wrtHIN ONE YEAR 31.12.24 31.12.23 Other debtors Prepayments 2,550 2.520 Page 7 continued...
The Swivel Club CIO Notes to the Finanaal Statements- continued for the Year En ed 31 December 2024 CREDrroRS: AMOUNTS FALUNG DUE WtTHIN ONE YEAR 31.12.24 31.12.23 Other creditors 850 800 MOVEMENT IN FUNDS Net movement in funds At 31.12.24 At 1.1.24 Unrestrlcted funds General fund 125,912 133,378 TOTAL FUNDS 125,912 7,466 133,378 Net movement in funds, Included in the above are as folbws: Incoming Resources Movement resources expended In funds Unrestricted funds General fund 53.178 (45,712) 7,466 TOTAL FUNDS 45,712 7.466 Comparatives for 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 115.601 125 912 Page 8 continued...
The Swivel Club Cl Notes to the Financial Staternents- continued for the Year Ended 31 December 2024 MOVEMEKf IN FUNDS - continued Comparative net movement in funds, induded in the above are as follows: Incoming Resour Movement resources expended in funds Unrestrlcted funds General furKJ 52,431 (42, 120) 10,311 TOTAL FUNDS 52.431 42,120 A current year 12 montrts arKI prior year 12 months ¢ombined position is as follows.. Net movement in fijnds At 31.12.24 At 1.1.23 Unrestrlcted funds General furKI 115,801 17.777 133,378 TOTAL FUNDS 115.601 17,777 133,378 A current year 12 months and prioryear 12 months combined net movement in funds, included in the above are as follows: Incoming ReSoUrS Movement resources expended in funds Unrestrlcted funds Gèneral fund 105.609 (87,832) 17.777 TOTAL FUNDS 105,609 87,832 17,777 Page 9 Continued...
The Swivel Club Cl No o the Financial Statements- ntinued for the Year Ended 31 December 2024 10. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2024. Page10