## **Trustees’ Annual Report for the period**
## **From 05/02/2024 Period start date to 05/04/2025 Period end date**
## **Charity name: Swim 4 Louey**
## **Charity registration number:1206880**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|For the public benefit to advance the
physical education of children and
young people aged 5 to 17 years old in
swimming, water safety, lifesaving
and survival skills and lifeguarding, in
particular but not exclusively by
making grants and providing financial
support to ensure the beneficiaries
can attend such education.|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|Children have been referred to Swim 4
Louey from local schools/academy that
meet our charity criteria.
Child recommended to meet two of the
following criteria;
. To be unable to swim unaided confidently
. To be identified by the school as a low-
income family
. To be recognised by the school, that
swimming lessons could benefit the child
with their mental health, confidence, and
social skills
In this period 18 primary school children
have each received 20 half hour swimming
lessons during term time.|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The trustees can confirm that they have
had regard to the guidance issued by the
Charity Commission on public benefit.|
## **Achievements and Performance**
||SORP reference||
|---|---|---|
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|This is the first year Swim 4 Louey has
been operating as a charity.
A substantial part of this financial year has
been developing the building blocks of our
charity. This has included:
•
Substantial fundraising events such
as charity football matches,
Christmas dinner dance and
partaking in larger fundraising
events such as Swim serpentine
•
Building relationships with local
schools, who could in turn provide
appropriate children requiring
swimming lessons that meet the
charity criteria
•
Organising the facilities to provide
the swimming lessons in a safe,
secure, appropriate environment.
**Nov – April**
An initial 8 primary school children have
completed 19 swimming lessons. These
have been half hour private lessons in
small groups of up to 5 children. Each child
is assessed and grouped appropriately to
their ability.
**Feb – July**
In February, we had a second wave of
10 primary school children who started their
block of 19 lessons which will complete in
July 2025 Again each child was assessed.
Parent/Carer Feedback has shown:
•
That the lessons have given the
children more confidence not just in
the pool but in their daily lives
•
The program will make a difference
to future holidays and weekends
•
The cost of the lessons had
previously been a road block to
learning
•
That the children taking part
progressed their swimming abilities
over the course of the program
•
That the children enjoyed the
lessons, the teachers and the pool
facilities|
## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|**Financial Position**
Grants and donations have been secured
to support the stated aims and objectives
going into the next financial year.
As of the 05/04/25 our carry forward
balance is £8620.07.|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**Reserves Policy**
The reserves policy is to maintain sufficient
funds to cover on-going commitments and
at a level that considers external and
inflationary pressures.
With our reserve amount calculated at
£2820, this leaves the charity with an
underspend of £5800.07 to carry forward.|
|Amount of reserves held|Para 1.22|**£2820**|
|Reasons for holding zero
reserves|Para 1.22|**N/A**|
|Details of fund materially in
deficit|Para 1.24|**N/A**|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**None**|
## **Additional information (optional)** You may choose to include further statements where relevant about:
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|**Fundraising:**
In our first operating year our main source
of income has been fundraising in our local
community through events such as a
football match, a dinner dance, raffles and
auctions.
**Sponsored events:**
In September a team of Swim 4 Louey
fundraisers took part in one of the London
Classics, Swim Serpentine.
**Grants:**
Swim 4 Louey has also secured our first
two grants, which included
•
Provide CIC Awarded Swim 4
Louey a grant of £1000.00
•
Essex County Councils Locality
fund awarded Swim 4 Louey
£989.00 This fund specifically
required the moneys to be claimed||
|---|---|---|---|
|||by the 31stMarch and to be used for
the approved purpose, in this case
swimming lessons.
•
We plan to apply for future grants in
the next financial year once we
have initial accounts to provide|
|---|---|---|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|Swim 4 Louey has no investment policy this
year. Prior to being distributed, the funds
are held in the charity's bank account with
the Co-Operative Bank.|
|A description of the principal
risks facing the charity|Para 1.46|N/A|
|Other|||
## **Structure, Governance and Management**
|Description of charity’s
trusts:||Swim 4 Louey is controlled by its governing
document, Constitution of a Charitable
Incorporated Organisation who’s only
voting members are its charity trustees.|
|---|---|---|
|Type of governing document
(trust deed, royal charter)|Para 1.25|FOUNDATION|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|CIO|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|In accordance with the governing
document;
1. Apart from the first charity trustees,
every trustee must be appointed for
a term of three years by a resolution
passed at a properly convened
meeting of the charity trustee.
2. In selecting individuals for
appointment as charity trustees, the
charity trustees must regard to the
skills, knowledge and experience
needed for the effective
administration of the CIO.
Information for new charity trustees;
The charity trustees will make available to
each new charity trustee, on or before his
or her first appointment;
a) A copy of the current version of the
constitution and;
b) A copy of the CIOs latest Trustees
Annual report and statement of
accounts|
## **Reference and Administrative details**
|Charity name|SWIM 4 LOUEY|
|---|---|
|Other name the charity uses||
|Registered charity number|1206880|
|Charity’s principal address|38 GUITHAVON ROAD
WITHAM
ESSEX
CM8 1HD|
|||
## **Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee(if any)**|
|---|---|---|---|---|
||KAREN
PARKHURST||05/02/24 TO PRESENT||
||PAUL GASKELL||05/02/24 TO PRESENT||
||KERRY PEASE||05/02/24 TO PRESENT||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
– Corporate trustees names of the directors at the date the report was approved
**Director name**
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year**
## **Funds held as custodian trustees on behalf of others**
Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
N/A
## **Other optional information**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
|**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**|||
|---|---|---|
||KAREN PARKHURST|PAUL GASKELL|
||
CHAIR||
||02/07/2025||
||02/07/2025||
**CHARITY REGISTRATION NUMBER: 1206880**
## **SWIM4LOUEY Unaudited Financial Statements**
## **5 April 2025**
## **NEIL SMITH FCCA**
Chartered Certified Accountant 27 Powers Hall End
Witham Essex CM8 2HE
## **SWIM4LOUEY**
## **Financial Statements**
## **Period from 6 February 2024 to 5 April 2025**
||**Page**|
|---|---|
|Trustees' annual report|**1**|
|Statement of financial activities|**3**|
|Statement of financial position|**4**|
|Statement of cash flows|**5**|
|Notes to the financial statements|**6**|
## **SWIM4LOUEY**
## **Trustees' Annual Report**
## **Period from 6 February 2024 to 5 April 2025**
The trustees present their report and the unaudited financial statements of the charity for the period ended 5 April 2025.
## **Reference and administrative details**
**Registered charity name** SWIM4LOUEY **Charity registration number** 1206880 **Principal office** 38 Guithavon Road Witham Essex CM8 1HD
## **The trustees**
Mrs K Parkhurst P Gaskell Mrs K Pease **Accountant** Neil Smith FCCA Chartered Certified Accountant 27 Powers Hall End Witham Essex CM8 2HE
## **Structure, governance and management**
The charity is structured as a charitable incorporated organisation and is governed by a constitution. The trustees are elected at the annual general meeting.
## **Objectives and activities**
The objective of the charity is to advance the physical education of children and young people in swimming, water safety, lifesaving & survival skills and lifeguarding. To achieve this, the charity's main activity is to provide grants and financial support.
## **Achievements and performance**
The main achievements of the charity's opening year have been to develope and improve fundraising activities; build relationships with local schools; to organise facilities to provide swimming lessons in a safe environment; to improve external advertising; to increase feedback from parents; to maintain accurate financial systems; to maintain the charity's reserves.
## **Financial review**
To maintain sufficient reserves to cover the charity's ongoing commitments and running costs for three months.
**- 1 -**
## **SWIM4LOUEY**
## **Trustees' Annual Report** _**(continued)**_
## **Period from 6 February 2024 to 5 April 2025**
The trustees' annual report was approved on 2 July 2025 and signed on behalf of the board of trustees by:
Mrs K Parkhurst P Gaskell Trustee Trustee
**- 2 -**
## **SWIM4LOUEY**
## **Statement of Financial Activities**
## **Period from 6 February 2024 to 5 April 2025**
|||**Period from** **6 Feb**|**Period from** **6 Feb**|**24 to**|
|---|---|---|---|---|
|||**5 Apr 25**|||
|||Unrestricted|||
|||funds|**Total funds**||
||**Note**|**£**||**£**|
|**Income and endowments**|||||
|Donations and legacies|**4**|2,364||2,364|
|Fundraising activities|**5**|16,938||16,938|
|||ৄৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄৄ|
|**Total income**||19,302||19,302|
|||৶৶৶৶৶৶৶৶||৶৶৶৶৶৶৶৶|
|**Expenditure**|||||
|Expenditure on raising funds:|||||
|Costs of fundraising activities|**6**|6,169||6,169|
|Expenditure on charitable activities|**7,8**|4,933||4,933|
|||ৄৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄৄ|
|**Total expenditure**||11,102||11,102|
|||৶৶৶৶৶৶৶৶||৶৶৶৶৶৶৶৶|
|||ৄৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄৄ|
|**Net income and net movement in funds**||8,200||8,200|
|||৶৶৶৶৶৶৶৶||৶৶৶৶৶৶৶৶|
|**Reconciliation of funds**|||||
|Total funds brought forward||–||–|
|||ৄৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄৄ|
|**Total funds carried forward**||8,200||8,200|
|||৶৶৶৶৶৶৶৶||৶৶৶৶৶৶৶৶|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
**The notes on pages 6 to 10 form part of these financial statements.**
**- 3 -**
## **SWIM4LOUEY**
## **Statement of Financial Position**
## **5 April 2025**
|**5 April 2025**|||
|---|---|---|
|||**5 Apr 25**|
||**Note**|**£**|
|**Current assets**|||
|Cash at bank and in hand||8,620|
|**Creditors: amounts falling due within one year**|**11**|420|
|||ৄৄৄৄৄৄৄ|
|**Net current assets**||8,200|
|||ৄৄৄৄৄৄৄ|
|**Total assets less current liabilities**||8,200|
|||ৄৄৄৄৄৄৄ|
|**Net assets**||8,200|
|||৶৶৶৶৶৶৶|
|**Funds of the charity**|||
|Unrestricted funds||8,200|
|||ৄৄৄৄৄৄৄ|
|**Total charity funds**|**12**|8,200
৶৶৶৶৶৶৶|
These financial statements were approved by the board of trustees and authorised for issue on 2 Jul 25, and are signed on behalf of the board by:
Mrs K Parkhurst P Gaskell Trustee Trustee
**The notes on pages 6 to 10 form part of these financial statements.**
**- 4 -**
## **SWIM4LOUEY**
## **Statement of Cash Flows**
## **Period from 6 February 2024 to 5 April 2025**
||**5 Apr 25**|
|---|---|
||**£**|
|**Cash flows from operating activities**||
|Net income|8,200|
|_Adjustments for:_||
|Accrued expenses|420|
||ৄৄৄৄৄৄৄ|
|Cash generated from operations|8,620|
||ৄৄৄৄৄৄৄ|
|Net cash from operating activities|8,620|
||৶৶৶৶৶৶৶|
|**Net increase in cash and cash equivalents**|8,620|
|**Cash and cash equivalents at beginning of period**|–|
||ৄৄৄৄৄৄৄ|
|**Cash and cash equivalents at end of period**|8,620
৶৶৶৶৶৶৶|
**The notes on pages 6 to 10 form part of these financial statements.**
**- 5 -**
## **SWIM4LOUEY**
## **Notes to the Financial Statements**
## **Period from 6 February 2024 to 5 April 2025**
## **1. General information**
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 38 Guithavon Road, Witham, Essex, CM8 1HD.
## **2. Statement of compliance**
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
## **3. Accounting policies**
## **Basis of preparation**
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
## **Going concern**
There are no material uncertainties about the charity's ability to continue.
## **Judgements and key sources of estimation uncertainty**
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
**- 6 -**
## **SWIM4LOUEY**
## **Notes to the Financial Statements** _**(continued)**_
## **Period from 6 February 2024 to 5 April 2025**
**3. Accounting policies** _**(continued)**_
## **Incoming resources**
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
- legacy income is recognised when receipt is probable and entitlement is established.
- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
## **Resources expended**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
- expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
## **Financial instruments**
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
**- 7 -**
## **SWIM4LOUEY**
## **Notes to the Financial Statements** _**(continued)**_
## **Period from 6 February 2024 to 5 April 2025**
## **3. Accounting policies** _**(continued)**_
## **Financial instruments** _**(continued)**_
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
## **4. Donations and legacies**
||Unrestricted|**Total Funds**|
|---|---|---|
||Funds|**2025**|
||£|**£**|
|**Donations**|||
|Donations|1,375|1,375|
|**Grants**|||
|Grants receivable Essex County Council|989|989|
||ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|
||2,364|2,364|
||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|
**- 8 -**
## **SWIM4LOUEY**
## **Notes to the Financial Statements** _**(continued)**_
## **Period from 6 February 2024 to 5 April 2025**
## **5. Fundraising activities**
|||Unrestricted|**Total Funds**|
|---|---|---|---|
|||Funds|**2025**|
|||£|**£**|
||Fundraising Afternoon Tea|1,836|1,836|
||Fundraising Football|6,165|6,165|
||Fundraising Swim Serpentine 2024|2,948|2,948|
||Fundraising Dinner Dance|5,200|5,200|
||Fundraising 2025 Celeb Football|19|19|
||Fundraising Loz Coast to Coast|466|466|
||Fundraising Swim Serpentine 2025|9|9|
||Fundraising other|295|295|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|||16,938|16,938|
|||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|
|**6.**|**Costs of fundraising activities**|||
|||Unrestricted|**Total Funds**|
|||Funds|**2025**|
|||£|**£**|
||Costs of fundraising|6,169|6,169|
|||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|
|**7.**|**Expenditure on charitable activities by fund type**|||
|||Unrestricted|**Total Funds**|
|||Funds|**2025**|
|||£|**£**|
||Grants and financial support|4,513|4,513|
||Support costs|420|420|
|||ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|
|||4,933|4,933|
|||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|
## **8. Expenditure on charitable activities by activity type**
||Activities|||
|---|---|---|---|
||undertaken||**Total funds**|
||directly Support costs||**2025**|
||£|£|**£**|
|Grants and financial support|4,513|–|4,513|
|Governance costs|–|420|420|
||ৄৄৄৄৄৄৄ|ৄৄৄৄ|ৄৄৄৄৄৄৄ|
||4,513|420|4,933|
||৶৶৶৶৶৶৶|৶৶৶৶|৶৶৶৶৶৶৶|
## **9. Staff costs**
The average head count of employees during the period was Nil.
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
## **10. Trustee remuneration and expenses**
No trustee has received any remuneration during the period.
**- 9 -**
## **SWIM4LOUEY**
## **Notes to the Financial Statements** _**(continued)**_
## **Period from 6 February 2024 to 5 April 2025**
## **11. Creditors: amounts falling due within one year**
||||||||**5 Apr 25**|
|---|---|---|---|---|---|---|---|
||||||||**£**|
||Accruals and deferred income||||||420|
||||||||৶৶৶৶|
|**12.**|**Analysis of charitable funds**|||||||
||**Unrestricted funds**|||||||
||||At|||||
||6|February|20||||**At**|
||||24|Income|Expenditure||**5 April 2025**|
|||£||£|£||£|
||General funds||–|19,302|(11,102)||8,200|
|||৶৶৶৶||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶||৶৶৶৶৶৶৶|
|**13.**|**Analysis of net assets between funds**|||||||
||||||Unrestricted||**Total Funds**|
||||||Funds||**2025**|
||||||£||**£**|
||Current assets||||8,200||8,200|
||||||৶৶৶৶৶৶৶||৶৶৶৶৶৶৶|
|**14.**|**Analysis of changes in net debt**|||||||
|||||At 6 Feb 2024|Cash flows|**At 5 Apr 2025**||
|||||£|£||**£**|
||Cash at bank and in hand|||–|8,620||8,620|
|||||৶৶৶৶|৶৶৶৶৶৶৶||৶৶৶৶৶৶৶|
**- 10 -**