**CHARITY REGISTRATION NUMBER: 1206880** 

## **SWIM4LOUEY Unaudited Financial Statements** 

## **5 April 2026** 

## **NEIL SMITH FCCA** 

Chartered Certified Accountant 27 Powers Hall End 

Witham Essex CM8 2HE 



## **SWIM4LOUEY** 

## **Financial Statements** 

## **Year ended 5 April 2026** 

||**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** 

## **Year ended 5 April 2026** 

The trustees present their report and the unaudited financial statements of the charity for the year ended 5 April 2026. 

## **Reference and administrative details** 

**Registered charity name** SWIM4LOUEY **Charity registration number** 1206880 **Principal office** 38 Guithavon Road Witham Essex CM8 1HD 

## **The trustees** 

## **Accountant** 

Mrs K Parkhurst P Gaskell Mrs K Pease 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)**_ 

## **Year ended 5 April 2026** 

The trustees' annual report was approved on 5 August 2026 and signed on behalf of the board of trustees by: 

Mrs K Parkhurst P Gaskell Trustee Trustee 

**- 2 -** 



## **SWIM4LOUEY** 

## **Statement of Financial Activities** 

## **Year ended 5 April 2026** 

|||||Period from|
|---|---|---|---|---|
|||||6 Feb 24 to|
|||**Year to** **5 Apr 26**||5 Apr 25|
|||Unrestricted|||
|||funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|£|
|**Income and endowments**|||||
|Donations and legacies|**4**|4,662|4,662|2,364|
|Fundraising activities|**5**|11,558|11,558|16,938|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|**Total income**||16,220|16,220|19,302|
|||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|
|**Expenditure**|||||
|Expenditure on raising funds:|||||
|Costs of fundraising activities|**6**|1,669|1,669|6,169|
|Expenditure on charitable activities|**7,8**|7,403|7,403|4,933|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|**Total expenditure**||9,072|9,072|11,102|
|||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|**Net income and net movement in funds**||7,148|7,148|8,200|
|||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|
|**Reconciliation of funds**|||||
|Total funds brought forward||8,200|8,200|–|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|**Total funds carried forward**||15,348|15,348|8,200|
|||৶৶৶৶৶৶৶৶|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 2026** 

|**5 April 2026**||||
|---|---|---|---|
|||**2026**|2025|
||**Note**|**£**|£|
|**Current assets**||||
|Debtors|**11**|656|–|
|Cash at bank and in hand||15,124|8,620|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|
|||15,780|8,620|
|**Creditors: amounts falling due within one year**|**12**|432|420|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|
|**Net current assets**||15,348|8,200|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|
|**Total assets less current liabilities**||15,348|8,200|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|
|**Net assets**||15,348|8,200|
|||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|
|**Funds of the charity**||||
|Unrestricted funds||15,348|8,200|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|
|**Total charity funds**|**13**|15,348|8,200|
|||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|



These financial statements were approved by the board of trustees and authorised for issue on 5 August 2026, and are signed on behalf of the board by: 

Mrs K Parkhurst Trustee 

P Gaskell Trustee 

**The notes on pages 6 to 10 form part of these financial statements.** 

**- 4 -** 



## **SWIM4LOUEY** 

## **Statement of Cash Flows** 

## **Year ended 5 April 2026** 

||**2026**|2025|
|---|---|---|
||**£**|£|
|**Cash flows from operating activities**|||
|Net income|7,148|8,200|
|_Adjustments for:_|||
|Accrued expenses|12|420|
|_Changes in:_|||
|Trade and other debtors|(656)|–|
||ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|
|Cash generated from operations|6,504|8,620|
||ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|
|Net cash from operating activities|6,504|8,620|
||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|
|**Net increase in cash and cash equivalents**|6,504|8,620|
|**Cash and cash equivalents at beginning of year**|8,620|–|
||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|
|**Cash and cash equivalents at end of year**|15,124<br>৶৶৶৶৶৶৶৶|8,620<br>৶৶৶৶৶৶৶|



**The notes on pages 6 to 10 form part of these financial statements.** 

**- 5 -** 



## **SWIM4LOUEY** 

## **Notes to the Financial Statements** 

## **Year ended 5 April 2026** 

## **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)**_ 

## **Year ended 5 April 2026** 

## **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)**_ 

## **Year ended 5 April 2026** 

## **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**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2026**|Funds|2025|
||£|**£**|£|£|
|**Donations**|||||
|Donations|4,162|4,162|1,375|1,375|
|**Grants**|||||
|Grants receivable Essex County|||||
|Council|500|500|989|989|
||ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|
||4,662|4,662|2,364|2,364|
||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|



**- 8 -** 



## **SWIM4LOUEY** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 5 April 2026** 

## **5. Fundraising activities** 

|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|---|
|||Funds|**2026**|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|7,183|7,183|19|19|
||Fundraising Loz Coast to Coast|3,367|3,367|466|466|
||Fundraising Swim Serpentine 2025|1,008|1,008|9|9|
||Fundraising other|–|–|295|295|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|||11,558|11,558|16,938|16,938|
|||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|
|**6.**|**Costs of fundraising activities**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2026**|Funds|2025|
|||£|**£**|£|£|
||Costs of fundraising|1,669|1,669|6,169|6,169|
|||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|
|**7.**|**Expenditure on charitable activities**|**by fund type**||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2026**|Funds|2025|
|||£|**£**|£|£|
||Grants and financial support|6,779|6,779|4,513|4,513|
||Support costs|624|624|420|420|
|||ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|
|||7,403|7,403|4,933|4,933|
|||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|
|**8.**|**Expenditure on charitable activities**|**by activity type**||||
|||Activities||||
|||undertaken||**Total funds**|Total fund|
|||directly Support costs||**2026**|2025|
|||£|£|**£**|£|
||Grants and financial support|6,779|–|6,779|4,513|
||Governance costs|–|624|624|420|
|||ৄৄৄৄৄৄৄ|ৄৄৄৄ|ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|
|||6,779|624|7,403|4,933|
|||৶৶৶৶৶৶৶|৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|



## **9. Staff costs** 

The average head count of employees during the year was Nil (2025: Nil). 

No employee received employee benefits of more than £60,000 during the year (2025: Nil). 

## **10. Trustee remuneration and expenses** 

No trustee has received any remuneration during the period. 

**- 9 -** 



## **SWIM4LOUEY** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 5 April 2026** 

|**11.**|**Debtors**|||||||
|---|---|---|---|---|---|---|---|
||||||**2026**||2025|
||||||**£**||£|
||Prepayments and accrued income||||656||–|
||||||৶৶৶৶||৶৶৶৶|
|**12.**|**Creditors:** **amounts falling due within one year**|||||||
||||||**2026**||2025|
||||||**£**||£|
||Accruals and deferred income||||432||420|
||||||৶৶৶৶||৶৶৶৶|
|**13.**|**Analysis of charitable funds**|||||||
||**Unrestricted funds**|||||||
||||At||||**At**|
|||6 April 2025||Income|Expenditure||**5 April 2026**|
|||£||£|£||£|
||General funds|8,200||16,220|(9,072)||15,348|
|||৶৶৶৶৶৶৶||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶||৶৶৶৶৶৶৶৶|
||||At|||||
||6|February|20||||At|
||||24|Income|Expenditure||5 April 2025|
|||£||£|£||£|
||General funds||–|19,302|(11,102)||8,200|
|||৶৶৶৶||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶||৶৶৶৶৶৶৶|
|**14.**|**Analysis of net assets between funds**|||||||
||||||Unrestricted||**Total Funds**|
||||||Funds||**2026**|
||||||£||**£**|
||Current assets||||15,348||15,348|
||||||৶৶৶৶৶৶৶৶||৶৶৶৶৶৶৶৶|
||||||Unrestricted||Total Funds|
||||||Funds||2025|
||||||£||£|
||Current assets||||8,200||8,200|
||||||৶৶৶৶৶৶৶||৶৶৶৶৶৶৶|
|**15.**|**Analysis of changes in net debt**|||||||
|||||At 6 Apr 2025|Cash flows|**At 5 Apr 2026**||
|||||£|£||**£**|
||Cash at bank and in hand|||8,620|6,504||15,124|
|||||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶||৶৶৶৶৶৶৶৶|



**- 10 -**