Charfty reg1$￿tion number 1193986 {En9land and Wale81
Company r•9l$htlon number 13101459
SWELL REVOLUTION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Caladine
Charlered CerliFied Accountonls

SWELL REVOLUTION
LEGAL AND ADMINISTRATIVE INFORMATION
Tru¥te
N James
J Lovell
P Jame$
E Cutbng
J Cuttlng
IAppolnt8d 1 June 2024)
IAppolnt8d 1 June 20241
c￿lIty numb•r (England and Wale•l
1183988
Company nwnb•r
131014S9
R•gl•t•r•d offl¢•
10 Upperton Garden8
E*8tboume
East Su8S•
8N212AH
Ind•pend•nt •x•mlner
John Caladine FCCA CTA FCIE
Caladlne Llmltsd
Chantry House
22 Upperton Road
EA&tboume
E88t Su58ex
8N21 1BF
8•nkerT
HSBC
94 Terminuj Road
Ea8tbourne
E88t Sussex
8N21 3ND

SWELL REVOLUTION
CONTENTS
P•g•
Trustees, ieport
Indo￿ndent examlneV$ report
Staternent of flnandal ocllvml
Nob8 to the Ilnanthl Bt#lements
7-13

SWELL REVOLUTION
TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
The Iruslees present their annual report and finand818laternents for the year ended 31 Decembtrr 2024.
The Ifnancial statements hav8 been prepared In a¢cord8nce with the accounting poliues set cul in nole 1 to the
ffin8ncial 51alernents and compty wrth the charltys goveming document, the Companles Ad 2006, FRS 102 Yhe
Flnancial Reporting Standard 8ppIic8ble in the UK 8nd Republic of Ireland" and the Charities SORP "Accounting
and Reporting by Charities.. St8temenl ol Recomrnended Pracbce app1I¢8ble to chantle$ prepaflni Ihelr accounts In
8ccord8n¢e whh the Financlal Reporlng Standonl applicable in the UK and R8public ol I￿land IFRS 102}"
Oble¢tlv•• and •ctivitle•
Swell Revclution wa8 estatrAi6hed to r•ach mlllions of children and famllles wth tho good new8 of God's love lor
them.
OUT vlslon Is to produce the m051 professlon81 and enjoyable Chrtslian conlent for chlldren and youth (hat has ever
btsen created in the UK. Our mi68lon is lo eqvlp churches, famllle8, 8th0018 and youth yroups across th• wortd,
meeting the enormou$ need lor hlghqu81ity muttlmedia re50urce$ for a dlgttal generalbn.
Our journey started in 2018. when Pate James began produdng chlldren's worghlp song¥ and rnuslc video¥.
¢r88llng the brand Cheeky Panda8, and Swell Revolution wa8 e8t8bllshed as a c*arity in 2021. More than 125,000
printed ¢ople$ of an 8ccomp4nySng AR prayer map were dl¥lritwJted to 8chool8, church85, and hou8es.
Th8r• Is o signiflcant lack of good quallty, Blble.b88&LI dlgltal regources In the UK, yet research shows that almost
haw of Chri$ll8ns come lo faith before the age of 11. YouTub8 use among >7-yearaolds now 8t8nd8 at 88%,
watching an av¢r8ge of 3 hours a day, malnly cartoonÈ. Through Cheety Pandas we are reaching chIld￿n and
familieB at a ¢rrtieal age, through a lomiot they love. polnung children and lamllies lo Chri8t. Cheety P8nda3 18
uniquety placed in th8t Its appeal to the unchurched Is vast, but (1 Ss al80 used by chur¢htr8 and famlll¢s as
di3ripleshlp resouT¢Q, hewing thildren Io go detrper In thelr f811h.
Cheety Panda8 18 our anlrnated TV $eries and sulte of reiuurces for childrén agod 3-8. Young chlldren fvJve high
•n•rgy longs, quality anirnation and •ng4ying rhara¢tgrÉ, 11 dgllvgri th• good n9ws vl nhri$l and biblichl ronl•nl in
form81 that ￿11 angage them m08t at 8 cdlirAI age lor faith forrn•lion and In 8 way which can be used by 8choDIi,
churches and group5, SUPPOrted ty a robust nefv4ork lo tr8¢k usage and impact.
Swell Revolution partner wl(h Wond•rbom Studi05 to dl$trlbule Cheety Pondaa resource5, worklng wNh the GlobBI
Flre to create the TV shows, and Ralse Up Faith to create 8ccornpanylng activity pack6 and assembly plan8. Our
Sunday school curriculum Is distributed 9lobally through Wonderbom's Raise Up FBilh platfomi.
We work with the leading UK Chrisll8n publishing group SPCK lo create Cheeky Panda story books gnd all of our
TV shows are available %•lth BSL interpretation. making It one of the few d)Ildr8n's UK Christlan r•sources to be
accessible lo childi¢n and parents ￿th addr(ional needs.
There is eviden¢e of growlng commerdal vlabillty. Through creallng dlgltal reiources, books, and merchandlse, we
8re generailng gn economic engine that will provide a commeT¢ial income slream lor the fulure, h6lping US to staff
the work set before us.
Public benefit
The trustees have pald due ￿gard lo guld8n¢e i68ued by lh• Charity Commlsslon In decidlng whbt aCti￿tIeS the
chgrfty should undertake.

SWELL REVOLUTION
TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
Achiev•m*nts And perfomianct
Signific8nt 8clivitie$ and 8¢hievementS against objeclives
Over the past year, we've produced and released our first Je8U5 Storybook Bible serfes, comprlslng slx episode
fe8lurtng well-known per8onalltles Such as Mary Berry and B8ar Grylls. Each episod• has been enhanced wtth
B[l￿sh Sign Language IBSLI to ensure 9reater 8ccessibilfty. In Addl￿On, we laun(*ed a compgnlon vldeo featurlng
the Jesus Storybook Blble theme lune.
We currentty h8ve TV d15trfbution deals In place wlth Mlnno. Cathollc TV, God TV, TBN. Shalom Medla. Castlel Yes
TV. Cllckview and Llvlng Scr¢ptures. We also have negotiated deal$ wlth Karong. reaching Au8trall8n, New Zealand
and Flll gudi¢n¢es and wth Yippee, extendlng Our reach acr08s the US 8nd Canada.
Our YouTube thann81 has had 1.5 million vl•w8 and over 63 Ihou¥and hour8 of wBtch tlme. Hlghllghts from OUT
Jesus Storybook Blble Serles l#unc* Include 191% grO￿￿h on Instagram, 183,564 p•opl¢ reached and 87% gfovhh
In our emaS18ubscribeT8.
The Cheeky Pandes did live perfonnances at the tsyo largt$l UK Christian fe31fvalJ. Spdng Harvest w8s attended by
8PPTOX. 20,000 peopl?. Cheety Pandas dellvered pr8l$e partles for chlldren 8eroBg both sltes. Blg Chur¢h Festival
wa8 attended by approx. 30,000 people, wher? th• Pondas performed both at praise pa￿.85 in the chlldren's tent
and on the Maln Stage. They 8180 showed 8 1-minute vldeo on th& maln stage across thè w8ek8nd. We also
perfomad ot the Devon County Show wer• gpprox. loo,￿0 people gll•nded.
Throughout 2024 Ched¢y PAnda8 and the Je8UB Blble Storybook Blble were aw8rtled th• Slfver Award for b•8t TV
fjerl8s al the New York Chrlstlan F8mity Film Fesllval. They were a150 wlnnern of th• 2024 Chrt¥tlan Europ•4n
sual Media Assoclallon Jewel AwBTd8 In the Chlldr•n and Youth Category.
Towards lh• ond of the year, producllon began on th• second 8erles ol Ttt• Je$u8 Storybook Blbla. In th8 pedod up
lo D8cembef 2024, we wrote and ptoduced the anlmatlon, Ilgn•d off scrlpts and Becured Bome of our next reade
Indudlng Titchmar5h.
Flnanclal revlew
With th8 SUPPOrt of the tru&tee8 and volunloer8 the charfty ralsed £127,013 durfng the pertod through grnn18 and
donations. The lunds ra18ed arn u8ed lo pay for the produCtIc￿ of Cheeky Panda8 TV, accompanylng resou￿*•.
markellng costs, and o¥erh•ads.
Res8Thes pollcy
Th¢ trustees have determined that the charfty should alm lo hold unre8lrfcied re8erv¢$ of no less Ihan £34,0
{which equates to about 3 months, of unrestricled expendlturel so thal the charty could continue to opèraie 8hould
Income Bnd l or expendllur¢ vary adversely. Al the end of the period, the charity held funds of £96,966, whi¢h Waf8
all unre6tricled.
Major risks
The irustees have a8ses8ed the major risks lo which th8 charlty is exposed, •nd are iausfied th81 By8lems ¥re In
place lo mibgale exposuTe to the major r13ks.

SWELL REVOLUTION
TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Plan• for future perlods
Cheety Pandas is uniquely placed In Ihat there are •nom￿u3 minlslry 0pM)rtUn￿e8 paralleled vath cornrnerrAal
viabilty. Its global reach through the Intcmet Is not limited, and its live Ehows could run simultaneously In mU￿1ple
countries. Its appeal to the unchurched Is va31 but can legd lo deeper resources that discipFe faith in children and
famllieB.
Over the next two yea13, we would like to ￿Ing the totsl number ol Jesus Siory Book Bible episode$ to 18. Our goal
Is to maxlmise dlstrlbullon and exp8nd our reach overseas through dubbing episodes into other lanyuages.
Cheeky Pgnd4¥ are a150 looknng to produce more Cheeky Pandas and Friend8 anlmations around $pecMc theme8
such as prayer. wtth the 8upport of our partner8, as well 86 update some of our mu61c videos.
We a160 8lm lo measure our Impact 8nd extend our re&ch. The Church of England h8s commltttsd to u6lng and
amplifyin9 tha msource lo many Ihou$and6 more as part Of 11$ mlssion to double the number ol thldren in the
Church of Englana by 2030. They hgv& commltted to partn*Jrlng wth Cheeky Pandas and Wor￿n9 wfth on
specific prol8Ct8 Ih the coming year.
Our Presence at Chrl$lian le6t￿al6 ￿11 conlnue 8long61de the eKt¢n8ion of the distrlbutlon channels w8 Supp￿. We
0180 #lm lo extend our partnerships and gain gr•aleT Insight inlo how the m8terfal 58 belng usèd.
We are fully anlicipatlng that we will lrnpaet mllllonB ol Il¥es around tho world.
Structur•, govem•ne• antl m•nagofflènt
The organlsation Is a chadlable compgny Ilmf(ed by guarantee, InCo￿or81•d on the 29 December 2020. The charlty
was e8tablished under 8 Memorandum and Artides of Assoaallon which e8tabli$heiJ Ihe objects and power8 of
charitable company and 1$ governed under Its Artlcle5 of Assodatlon. TTU8tees are aware ol Charity Commi6sion's
guldance on publlc benefit and how this is wovided by the charity. Routine Irainlng wlll ba a¥8ilable to trust•a$. The
trustèe and other organlsgllonal del8115 are on pagé 2 of th18 report.
The twslee8. who are also th8 dlr¢ctors lor the purpose of companylow, and who 8eFved diirlng the year and up lo
the date of Signature of the financial Statements Were..
N J8rne8
J Lovell
R Offley
S Offley
P Jam•8
E Cutling
J Cutting
(Reslgned 1 Junè 20241
IRasl9ned 1 June 20241
IAppolnt•O 1 June 20241
(Appointed 1 June 20241
Recrurfmenl 8nd 8ppoinlment oftrusle6s
None of the trustees has any benefi￿81 Int8r¢$t In the c4)mpany. All of the trustees ara m¢mber8 of the company and
gu8rante8 to contribute £1 in the event of a windlng up.
The trustees, report was approved by the Board of Trustees.
J Lovell
Tru8t¢•
25 Septembor 2025

SWELL REVOLUTION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF SWELL REVOLUTION
I report to the truBlee8 on ry exarnination of the )In8ncl81 Btstements of Swell Revolution Oh• charfty) for Ihe year
ended 31 DecembeT 2024.
Respon•lbllltlo¥J and b￿1• ol rwort
As the trustees of the charfty {ond glso Its directors for the purposes of cornpany lawl. you are responsible for the
prepara￿On of the Inanrial statements in accordan¢e with the requirements of Ihe Companle8 Act 2006.
Havlng sausfled mys&N that the financial statements of Ihe charity Jre not required lo be audlted under Part 16 of
the Companie¥ Act 2006 and are ellglble for Independent examlnallon. I report In re8pecl ol my oxaminalion of the
charity'B fin8ncl81 statements carrled out undef sects'on 145 of th8 Charities Act 2011. In cArylng out my examlnJUon
I have follow¢d the DireclKJns given by the Chanty Comrni3slon under sectlon 14515llbl of the Chorttle8 Act 2011.
Ind•p•nd•nt •xamIn0￿¥ ¥t¥tsmant
I have cornplet8d my examlnation. l ￿nfl1M that no matter8 have come to my attenllon In connectlon ￿1h the
exarnlnatlon giving me cause to belleve that In any materi81 rèsp8ct'.
accovnts'n9 record$ were not kept In resped of the charity a$ requlred by &ectlon 386 of tha Companle8 Act
2006.
the fln8nclal 6tslem8nts do not accord wtth tho$¢ r8cord8', OT
the flnanclal st8tement8 do not compty w￿h the accounting r8qulrements of sectlon 388 af the CompJnle$ Act
2006 other than any requirement thal the financial $latements g￿e a tru¢ and folr vlew, whkh 16 not a matter
consldered a8 part ol an Independent ex8minallon', or
the Iln8nclal 8tatemenl8 havo not been prepared In awordgnca wth the method8 8nd prindple8 of the
Sts¢ement of Recommond•d Practice for bccountlng and Teportbng by ch8rltles appllc8blè to charftle8
p￿paring their finan¢l•l $latement5 In accord8ne• wmh the Flnandal Reportlng Standanl appll¢abl• In the UK
and Republlc of Ireland IFRS 1021.
I have no concom8 and have come a¢ro88 no other rnatter6 in connectlon with the examln#Uon to whlth 8tt8nUon
should bo drywn In thio rnport In order to anable a Proper undergt8ndlng of the financlal s181gment6 to be re8¢hed.
John Caladln• FCCA CTA FCIE
C8ladlne Llmfted
Ch8ntry House
22 Upperton Road
Easlboume
E88t Sussex
BN21 1BF
25 September 202S

SWELL REVOLUTION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unf•$trlct•d
fund•
2024
Unr••trlct•d
funds
2023
Note•
Incom• from:
Donation5 and legAc￿5
Charitable act￿￿￿88
Investments
Other
127,013
38.138
1,134
11.784
95,105
30,800
176
12.CA4
Totsl Income
178,089
137.02S
ExpendStur• on..
Raising lunds
Charitable •ctivllieB
10,705
88,421
8,331
137.374
Total •xp•ndltur•
97.126
145.705
N•t Incom•llexp•ndltur•) •nd mov•m•nt In fund•
80.943
17,7801
R•con¢lll•tlon of fund•:
Fund balances a11 J8nuary 2024
IA,n?g
23,803
Fund ￿l￿nCe• •t 31 O•c•mber 2024
96,968
18,023
The statement of fin8nclal activttles In¢lud•s all galn6 and lo$$e$ re￿gnISed In Ihe year. Al Incorne and axpendlture
derlve from conunulng actjvltses.

SWELL REVOLUTION
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Cuyrent a8•ets
Debtors
Cash at bank and In hand
14
1,493
96,873
7,355
10,598
98,￿6
17,953
Cr•dltor*: amounts falllng du• *lthln
on• year
15
11,4001
11,9301
Net curr•nt
98,986
18.023
Th• fund8 of th• ch•wlty
Unreitrlct•d fvnds
96.986
16,023
98,886
1e.023
Thè company is ent￿ed io Ihe •x•mption from the audll requlroment contslned In 8actlon 477 01 thé Companles Acl
20C6, for the year endod 31 D￿mber 2024.
The dlrector 8c*nowledg•8 her re8ponslblllll8B for ¢omplylng wllh the roqulr•m8nt$ of the CompAnl•s Act 2006 vhth
roS￿¢t lo a¢countlng record6 and Ih? praporAlion of finanrAal stslemonl8,
The members hav8 not requlred the eompany to obtaln an audll of It8 finandal stalern•nts for the year In queslon In
accordance Wbth 8ection 476.
These financial 8lal¢m¢nl$ have been PTepared In gccordgnrA8 vAth th• provl8lon8 appllcable to componles Buble¢t
lo the smal comp8nle$ r¢glme.
Thtr fin8ndel $tst¢ment8 were approved by th• trusteeB on 25 S•pt8mber 2025
J Lovell
Tru•t
Company registration number 13101459 IEngland and Wal&ol

SWELL REVOLUTION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Aceountlng pollcles
Company Infonnatton
Swell Revolution Is o private comp8ny Ilrntted by gu8ranlee incorpor¥ted in England and ￿es. The
reglslered office b 10 Upperton Gardens, Eastboum•. E88t Sussax, BN21 2AH.
1.1 B*•i• of pr•parntlon
The financlal slalftments havg bccn pr•pared iii UCCDrdonco wllh the chantys goveming document, the
Companles Act 2006, FRS 102 'The Finanual Reporting Standard appllcable In the UK and Republic of
Ireland and the Charities SORP "Accountlng and Reporting by Charities.. Stat¢menl of Recommènded
Practice &ppllcable to charities preparing thelr accounts In accordance ￿th the Flnandal Reporting Standard
applicable In the UK &nd Republic of Ireland IFRS 1021. The charity Is 8 Publlc Benefit Entlty a8 defined by
FRS 102.
Thts charity has lak•n advantage of th• provl8lons In the SORP for ¢h•rltl?8 not to prepare a slalement ol
Ca8h flow8.
Th8 fln•ndal ststements 8re prepared in stèrllng, which Is the functlonal ¢urr•ncy ol Ihe chartty. Monetsry
amounts In these financlal statement8 are founded lo the neorest £.
The flnand81 statements hav8 been prepared under the historfcal 2081 convention. Imodified to Indudi the
revaluabon of freehold prop•rti•$ and to include Investment prop•rtles and certain financial in5tnJments at 18lr
valuel. The prlnclp81 accountlng pollclts adopted •re i•t out below.
1.2 Golng conc•rn
At the tlm• of 8pprovlng the tlnancial 3laternen18, the truste8s hav& a reasonable ¢xpectallon Ihat the charity
has adequate resources to confjnue in operatlonal t￿lstenCe for thè f4r*qppAhlr* fi i+t+r•
-yi ¥14itiy Wil￿rn Da818 ot aCc￿￿ntIng In preparlng th• fln8nclo1 statamènl$.
1.3 Charltabl• lund•
Unrestricted funds ar& avallable for u80 al the d18c￿tIOn ol Ihe trusta•8 In furthernnc• of their charltabFe
oblecllves.
Re81rtcted fund8 ortr Bubiect to 8p•dfic condnlons by donors or grantors a8 to how they may be vs•d. The
purposes and u3e$ of the restrtcted funds Bre set out In the notes lo U)¢ fin8ncial si@tem&nls.
Endowment lund8 are 8ubAeel to specif￿ condlllons by donors that Iha capSt81 must be maintsineil by the
charfty.
1.4 Incom•
Income is recognlsed when the charKy is legally entiljed lo il after any performance condlt4on8 have been nw.
th8 amounls can be measured reliably, and it is probable thJl Income wlll be received.
Cash donatlons are recognised on receipt. Other donations are recognised once tho chgrity ha5 been nollfied
of the donation, unless perfomiance wndrtion5 requlrè deferral of the amount. Income lax reo)verable in
rglabcfi lo donations rèc8fved under Glft Ald or deeds of covenant Is fecogni5¢d al the Ilme ollhe donallon.
LÉg8rJes are recognlsed on recelpt or otherwise rf the charity has been not￿e￿ of an Impending distributlon.
the arnounl is known, and receipl Is 8xpo¢ted. If the amount is nol known, the legacy is Irealed as a
contSngent asset.

SWELL REVOLUTION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcbe• Icontlnuedl
l.S Exyndlture
EypendSluT* is recognised once Iher8 Is a legal or construdiv8 obligation to transfef economic benefft to a
third party, It 1$ probable Ihal a Iransler of economic beneflts wlll be requlr•d In Settlemeftt, and the amount of
the obllgatlon can be measured reliabw.
Expenditure Is cla$sffl8d by activity. The costs of each adlvlty aTe made up of the lotal of direct costs and
shared cosls, Includlng support ￿StS Involved in undertaklng e8¢h ath"vity. Direct costs attrtbutsble lo a single
activity are allocated dlreclly to Ihat actlvity. Shared costs wbich contribuie to morts than one acllvlty ond
support cosls whlch ar¢ not attrfbulable lo 8 slrtgle 8Ctlvlly awe apportloned be￿tsen Ihose 8¢tivltleS on 8 ba51$
con$ist¢nt with the u$e of ￿SOUrces. C¢ntfal staff co$tS aTe 8llocated on Ihe bas1$ of tsm¢ spent, and
d¥preci8tion ¢harg8s are allocaled on Ihe portion of Ihe asset'¥ use.
1.8 Ca•h and ca•h •qul¥•lont•
Cash and ¢ash equlvalents Indude cash In h8nd, deposits held at C811 wllh b8nk8, other Bhort-term liquld
Inv8Stm¢nts wilh orlglnal maturtlies of three months Of lès3, and bank overdrafts. Bank overdrafts 8re shown
wllhin borrowlng$ In current Ilabllille$.
1.7 FIMDcl•l In•trum•nt•
The th8rity h88 elected to apply Ihe provlslons of Sectlon 11 'Ba8lc Flnjndal Instruments. and Sertlon 12
'Other Fln8naal Instrumeiits Issues, of FRS 102 to all of Its fin4ndal Instwments.
Flnancl81 In6irumenls are recoqnijed In the eh8rfV8 balance 8h•et when the chaTIty becomes party 10 th•
contractual provl$lons of the in$trum•nt.
Fln4nd81 ossets and Ilabilille$ a￿ offset, ￿th the net amounts pr85¢nted In the Ilnhncl818tal8men15, when
there is a legally enlorctable rlght to get off the recognised amoun18 #nd there18 an Intention to settle on a nel
ba$i5 or lo realise the asset and settle th$ liabillty 51muitsneougty.
8•slc Ilnon¢l•l assets
Basic flnancial asset5, whjch Indude deblors and cB$h and bank b•lance$. arè Inttlally me#6ured al
transactlon price Includlng tr8nsacllon costs and aT8 6ub6equenlly carrled 81 amortised cost uslng the effedlv•
interest method unless Ihe arrangement constitutès a financlng transaction, where the Iransaelion is
meBsured at the present value of Ihe lulure Teceipts discounted ai a market rate of InleTe8l. FinancA¥l #85818
dassilled as receivable wilhin one year are nol amortised.
B¥slc linancl•l liabllltles
8aslc flnanrial liabililies. Induding crediiofs and bank loans are Inillally recognlsed 8t transaction price unlos$
the arrangement constitulos a flnanclng tr#n58Ction, where the debt Instrument is measured al the presenl
¥Blue of the futu￿ payments discounted at a m8rktrt rat8 01 Interosl. Flnancl81 Ilabiliti¢s dassified os payable
wilhin one year a￿ not amortiS8d.
Debt instruments are wb5equentty carried at aMOr￿Sed cost, using the effectlvo inlere8t rate method.
Tr8de creditors a￿ obligatlons lo pay for goods or servlces that h8ve been acqulTed In the OTdln8ry course of
operations from suppllers. Amounts payable or¢ cl8s51fiod as cuffent liabilille5 11 payment 15 due within one
year or less. If nol, they are presenled as non-current Ilabilities. Trade credilots 8Te ￿¢09n1$ed initially at
transadlon price 8nd subsoquenlty measured at 8mort15ed cost using the effectlve interest method.
Dorecognltlon ol fift8nchl Ilabllitle$
Financial li8bilitle$ are derettognised when tho charity's contracw81 obllgations expire or aTe dlschorged or
cancelled.

SWELL REVOLUTION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountjng polrchB (Contlnuedl
1.8 Empltyèe b•netit9
I•￿*ved.
The cost of any unused holJd&y enlMlem•nt 6s recognised In the perlod In which Ihè employee's 8eMce8 arl)
Tem)Inath'on benefl18 a￿ re¢ognised Imm&dlalety a8 an expanse when the charfty i¥ demon81rably eommltted
lo terminate Ihe employment olan employee orto wovlde tenxinallun henefit8.
Crfdc•l a¢Gountlnq •Btlmit•4 and Judgements
In the applleauon tsf the charKy'8 attounllng pollcle¥. the trustees ale reqtsired to make judgements, e$llmale8
an¢J as8umptlons about the earrylng amount of assets and liabilltles th81 are not ￿adIlY apparent from other
sources. Th¢ esiim8les and a$soci*ied assumptions a￿ based on hS$torical expertence and olhar fgclors that
are wn8idered lo be rtslevant. A¢tual results may differ from these estSn7ate8.
The estimate5 and underlying assumption$ ao revleweil on an ongolny basls. Revlslons to accounllng
slima165 are re¢ognl$ed in the perlod In whlch Ihe esllmaie is revlsed wher& the revislon 8ffec18 only Ihat
period, or In Ihe period of the iev1310n and future periods wher8 the revS¥ion afftsct$ both currnnl and fulure
periods.
In¢om• from donat+on• •nd l•94el••
Unr••trl¢t•d
fundg
2024
Unr••trlct•d
fund•
2023
Donatlons 8hd gl
Grant8
60,013
77.01
70,105
25.000
127,013
95.105
Income from ch4rftwbJe acttvltl••
Unmirtct•d
lunds
2024
Unr••trlct•d
lund•
2023
Ch•* Panda•
Medla sales
38,138
30,800

SWELL REVOLUTION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEhlBER 2024
In¢om• from Inve9tments
Unr•stdcted UnT•strlct•d
lund•
fund
2024
2023
Interest r•celv8ble
1.134
176
Other Incom•
Unmtrlcted Unmtrfet•d
fvndg
lund•
2024
2023
Royolues
11,784
12,044
Ex￿nd[tur• on r•l•lng fund•
Unmtrl¢t•d Unrutslct•d
fund•
lund•
2024
2023
Fundr•l•ln9 and publlclty
Ad¥ertl8lng
10,70S
8.331
10-

SWELL REVOLUTION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Expendlts•M on ch•ritabl• aellvlti
Dlrect Co•1• Direct Costs
2024
2023
Dlrnet
Cheeky Pandas
Jesus story book blble 88rf•$
Evenl8
God 8uit vldeo
Spring harvest costs
18.890
23.851
5.852
2.014
97,086
862
50,207
97.948
Sh•r• ol •upport and gmrnanc• co•t• (••• not• 91
Support
Govemance
34,888
4,738
88,421
137.374
Analy•l• by fund
Uniestrtcled lund3
86,421
137.374
•UVVVa co•Th •lloe•l•d to •ctlvltle•
2024
2023
Management f•&B
Sub&criptionB
Prfnt, post and 8totknnary
Sundry expenses
Project costs
Insuranc
Bank charges
Chorftable gwlng
Exchange galnsAosge¥
Govemance ¢0515
22,IX
720
24.000
495
487
258
6,8fyJ
6,843
104
79
1.7fyJ
4.738
36,214
39.426
se
Direct Costs
36,214
39.428

SWELL REVOLUTION
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Support co4ts allo￿t•d to aellvltl•s IContlnu•dl
2024
2023
Governanco co&t* ¢omprl8•:
Independent gxamlnauon fee5
Accountancy
Legal arKI prof•sslonal
Tru8tees' travel expenses
600
4,048
400
320
900
3.838
S.388
4,738
10 N•t movement In fund
2024
2023
The nel movement In lund$ li slated after charylngllcrndltlngl..
F••• payablé for the independent ex8mln8llon of the charltV8 finAncl81
818lem•nt8
600
9C4J
11 T￿￿11•¥
None ol the trusleeB lor ony porson8 connected whh Ihlml recel¥ed any Temuner8llon or benefits from th•
charty durtng the yeof, apart from th08e Il¥ted in Nole 17. Once Irujle? reulved felmburned exp•n8es of
£21512023.. £NILI.
12 EmPl(¥y￿•
Th8 Average monthty number of ¢mploye88 during the ￿er wa8..
1024
Number
2023
Numb•r
Total
There were no employe•s wh088 annual remun•rathJn was more than £80.000.
13 T1￿11￿n
The charity Is exempt from taxatlon on Its 8¢dvftles becav8e 811 ill IncKJme is applied for ¢harftsble purposeB.
14 Debtors
2024
2023
Amounts falllng due wthin on• year.
Trad? d¢blors
Other debtor8
5.292
2,063
1.493
1,493
7,355
12-

SWELL REVOLUTION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
16 Crnditorn: amounts falllng du• wtthln one y••r
2024
2023
Accruals and defeffed incoma
1.400
1,930
18 UiiN¥lrfct•d fund¥
The unre8trfcted fiJnd$ oflhe tharity comprlse the unexpended b8lBnce8 of donatlons and grants hthlch ar•
not Subject lo spedfic rondillons by donors 9nd grantors as to how they may be tssed. These include
d&s￿nated funds whlch have been sel aslde out of unre8trfcted funds by the truste88 for 8￿cHIC purposes.
At 1 January
2024
In¢omlng
r••ourc
Re•our¢•8
vxp•nd•d
At31
Dèc•rnb•r
2024
General funds
16,023
178,Cl89
{97.1261
98.988
Prevlou• year.,
At 1 Janu*ry
2023
Incomlng
M•ourc••
R••ourc••
•xp•nded
At31
Doe•mb•r
2023
G•n•ral fund8
23,803
137.925
1145,7051
16.023
17 R•lited p•rty tran••ction•
Trnn¥actlon• wlth r•l*t•d parti
During the year, payments of È22,000 were made lo Nlcola James Communicabons Ltd, 8 company
controlled by Peter and Nicola Jam¢$. who are both truste8s. These payment$ were lor rnana9emenl service8
provided, w5th a further £1,365 pald to r¢lmbur8e expen8es and operating costi.
13-