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2025-07-31-accounts

Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E

REGISTERED CHARITY NUMBER: 256146

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 FOR

DISCOVERY STUDENT VOLUNTEERING SWANSEA

Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E

DISCOVERY SVS CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

Page
Report of the Trustees 1 to 16
Independent Examiner's Report 17
Statement of Financial Activities 18
Balance Sheet 19
Notes to the Financial Statements 20 to 33

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025

MESSAGE FROM THE DIRECTOR

Eleanor Norton

2024 to 2025 has been a busy and impactful year. Our incredible volunteers have contributed over 16,000 hours of volunteering. This achievement reflects the outstanding commitment and hard work of our staff team and project co-ordinators (lead student volunteers), who have worked tirelessly to ensure that safe, reliable and meaningful volunteering opportunities are available to every student who wishes to take part. Over the year, we have continued to strengthen and build on our relationships across the University and within the wider community. As always, we have taken time to reflect on and refine our offer, ensuring it remains purposeful, relevant and mutually beneficial for both our volunteers and the communities we serve. Our Trustees have played a vital role in both leading and supporting the organisation, particularly in strengthening our University and community partnerships. Meanwhile, our ambassadors have helped us reach and engage with even more students directly.

We have worked with even more community organisations enabling them to advertise meaningful and engaging volunteer roles to students, ensuring students can make a positive difference in a huge range of ways.

During 2024–2025, 607 active volunteers contributed over 16,000 hours. We offered 141 volunteering opportunities, delivered 28 induction sessions, 31 training sessions, and 41 one-off volunteering activities, alongside 13 of our own regular projects and 38 external partner projects.

I am immensely proud of our small organisation. With a core staff team of just six, supported throughout the year by employed student interns, we have created an environment where every volunteer can thrive. Whether stepping into leadership roles as trustees, project co-ordinators or ambassadors, or taking part in one-off opportunities, our volunteers are able to connect with others, develop their skills, and make a meaningful difference to both the community and their own futures.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025

MESSAGE FROM THE STUDENT PRESIDENT

Charlotte Cooke

Looking back at our last year from 2024 – 2025, it is wonderful to see the impact Discovery has had on our local communities. With over 16,900 hours of volunteering recorded across 607 active student volunteers, this equates to an estimated monetary value of £215,845.

Financially, despite sector wide challenges in funding we have had another successful year, receiving grants from both long-term and new funders, showing our continuous efforts are reflected in the support we receive. Throughout the year we have ensured our values remain true to what we achieve, by reflecting, growing and refining our work to ensure our work is impactful, meaningful and purposeful. Our trustees have taken time and effort to support and lead the organisation this year, with partnerships between the community and university strengthening.

We have offered 141 volunteering opportunities, 28 induction sessions, 41 one-off volunteering sessions, 31 training sessions, 13 regular student led project and 38 external projects. We are proud of the diversity that this number of opportunities allows for, and along with the ambassadors helping us to engage with students we continue to strive for more ways to grow.

Looking forward into 2025-2026, our 60th anniversary celebrations are beginning, and all of us here are excited to showcase and celebrate all the incredible work we have achieved over the past 50 years. We will be hosting a celebration event, as well as a Pledge 60 campaign as a way of celebrating all the amazing work we have all achieved.

While we often compare our volunteering hours to financial value to show the impact of our work, the real value is more than we can ever put a price on. What is truly valuable about the work we do is connections, enrichment of lives, empowerment, learning and support, which is not able to be reflected by any number. All of this makes us so incredibly proud, our students are truly the heart of Discovery, but it would also not be possible without staff, trustees, interns, funders, external partners, and all of our wonderful supporters.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025

The trustees present their report with the financial statements of the charity for the year ended 31[st] July 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’.

Who we are

Discovery is a registered charity that has been established since 1966. This year, 607 student volunteers contributed 16,929, hours of support to the community; we estimate the financial value of this support at £215,845. based on three quarters of these hours valued at the real living wage of £12 per hour and one quarter valued at an enhanced leadership rate of £15.

We recognise that the impacts, connections and relationships far exceed this value. We also recognise that the huge range of skills and experiences gained by our student volunteers are of huge value and will stand them in excellent stead in their future lives as well as greatly enhancing their student experience. Our organisation envisages a community where people are treated equitably and are not discriminated against or disadvantaged by society.

Discovery focuses on providing the best possible service to the people who we work with in Swansea, so we need skilled, trained, and enthusiastic volunteers.

Discovery aims to:

Every year Discovery offers a range of volunteering projects, these are a mix of our own projects, run entirely by our students with support from our staff and partner projects where we link with external charities and other parts of the university to support their activities.

Structure, Governance and Management

Governing document

Discovery is a registered charity and is governed by a constitution adopted on the 13[th] June 1969, amended on the 6[th] December 1979, 4[th] May, 15[th] June 1993, 16[th] February 1998, 15[th] February 2001, 8[th] June 2005, Feb 2007, March 2011, March 2015, December 2019 and November 2023. The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.

Objectives and aims

To promote any charitable purposes for the benefit of the community in the City and County of Swansea and surrounding areas, in particular the advancement of education, the furtherance of health and the relief of poverty, distress, and sickness.

Within the limitation of the above, to promote the following main areas:

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025

Organisational structure

The Board of Trustees, made up of Student Trustees and Non-Student Trustees, appoints the staff of the organisation and oversees the operation of the organisation.

Discovery’s staff members for the year ended 31[st] July 2025 were as follows:

Director: Eleanor Norton

Supported Volunteering Scheme Project Manager: Kirsty Rowles Volunteering Projects Manager: Vixie Barker-Williams Volunteer Recruitment and Marketing Manager - Sian Davies Project Worker: Charlotte Crumpler Finance Officer: Gabriela Wlodarczyk

Recruitment and appointment of new Trustees

Induction and training of new Trustees

Trustees are invited to attend approx. 2 days induction training. This training includes roles and responsibilities, team building, sub groups work and strategic planning sessions. On-going support is offered through regular meetings. Trustee training opportunities provided by Swansea Council for Voluntary Service, the Charity Commission and Wales Council for Voluntary Action are routinely offered to our trustees.

Public benefit

The Trustees have complied with their duty in relation to section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission in relation to public benefit when reviewing our aims and objectives and planning future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set.

Risk Management

The Trustees have carried out a review of the major risks to the organisation and believe that the level of reserves policy is sufficient to cover adverse conditions that the organisation may face. The organisation has in place financial, personnel, and health and safety controls to limit the likelihood and impact of risks. All events and activities are risk assessed prior to commencement. Disclosure and Barring Service (DBS) checks are carried out on all appropriate staff and volunteer roles. The Board of Trustees actively monitor the financial position.

Our fundraising promise

Discovery is a member of the Fundraising Standards Board self-regulatory scheme. The Fundraising Standards Board works to ensure that organisations raising money from the public do so honestly and properly. As a member of the scheme, we follow the Institute and Fundraiser’s Codes of Fundraising Practice, and comply with the key principles embodied in the Codes and in the Promise. Further details can be found at www.frsb.org.uk.

Our achievements

This has been another busy year with our projects and students thriving. We have contributed a wide range of initiative across the city and sustained our own projects. A ll of our projects are supported by our core grant from Swansea University and our own fundraising activities. We have been extremely fortunate to have been awarded funding by other grant making organisations; these are noted within the relevant projects.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025

Financial Review

This has been another successful year for Discovery; we have received grants from new funders as well as maintaining relationships with long term funders, demonstrating that we continue to offer a high-quality provision and to be highly trusted organisation. We have continued to generate a good level of our own income through fundraising events and activities.

Our total income for the year was £235,029 (2024 - £274,679). Our main source of funding are grants. This year we received £225,697 (2024 - £248,028). Our main grant provider is Swansea University.

Our running costs have increased this year by an overall £11,544.

By the end of the year, we had reported a surplus of £5,558, compared to a surplus of £56,752 last year.

At 31[st] July 2025, we had total net assets of £208,211 (2024 - £202,653) and £232,102 held as cash in the bank and in hand. Our restricted funds were £11,397 (2024 - £19,057).

Reserves policy

The reserves policy reflects the challenges in securing unrestricted funds and the increasingly complex and competitive funding environments for small charities. We are aiming to hold one year’s running costs, approximately £153,944, as advised by the Charity Commission and a further designated reserve of £50,000 to cover redundancy costs, reflecting our very low staff turnover.

At the end of the financial year ended 31 July 2025 unrestricted funds were £196,814, representing that reserves were below the target level by £7,130. The trustees are aware of this and will continue to monitor reserves to ensure they remain at an appropriate level.

Activity snapshot 2024–2025

Active volunteers 607
Volunteer hours 16,929
Volunteering opportunities 141
Induction sessions 28
Training sessions 31
Our own projects 13
One-off volunteering activities 41
External partner projects 38

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DISCOVERY SVS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025

Volunteer perspectives

‘’Volunteering has always been a huge part of my life, even before I moved to the UK. There’s something deeply fulfilling about shifting focus from one’s own challenges to the needs of others, a reminder of our shared humanity.

When I arrived in Swansea as a student over a year ago, I knew I wanted to continue giving back. Just two months later, I joined Discovery, drawn by their incredible work supporting vulnerable communities and their commitment to equipping volunteers with the right skills. Among their initiatives, the Swansea Asylum Seekers Support (SASS) group resonated with me most. Every Saturday, I volunteer at their drop-in sessions, managing the front desk alongside fellow volunteers, and sometimes asylum seekers themselves. My role is simple but meaningful: offering a warm welcome, a listening ear, and a smile to everyone who walks through the door. Through these interactions, I’ve met remarkable people, children and adults alike, from diverse cultures and backgrounds. Each conversation has deepened my empathy and broadened my perspective in ways I never anticipated.

Another project close to my heart is the Penpal Initiative, where I exchange letters with elderly members of the community. Before moving here, I hadn’t fully grasped the scale of loneliness among older adults, many of whom have no one to talk to. Writing to someone I may never meet, learning about their lives, and reminding them they’re not forgotten has been an unexpectedly rewarding experience. A simple letter can bridge isolation, and I’m grateful to play a small part in that.

Volunteering hasn’t just shaped my time in Swansea, it has transformed me. The patience, kindness, and gratitude I’ve cultivated through these experiences have strengthened my relationships and broadened my worldview. Some of the people I’ve met have become lifelong friends. As I prepare to graduate this July, I can confidently say that Discovery Swansea provided me with more than just volunteer opportunities; it gave me a community, purpose, and the chance to grow into the best version of myself. For that, I’ll always be grateful.’’

BSc Law

‘’Volunteering with Discovery has shaped me both personally and professionally. I’ve learned that leadership isn’t always about being the most visible, but about supporting others, creating structure, and fostering a positive environment. I'm grateful for the skills I’ve developed and the friendships I’ve made, and I’m proud to have contributed to a project that made a meaningful difference.’’ BSc Psychology

‘’Volunteering with Discovery has been life-changing—helping me grow as a person while making a real difference in the community. Through creative projects and supporting adults with disabilities, I’ve developed empathy, adaptability, and a deep commitment to inclusion. These experiences will stay with me wherever life takes me.’’

BSc Sports and Science

‘’My experience at Discovery has been like no other. I started volunteering because I wanted more purpose in my life, but I never would have thought that it would turn into what it has. I would have never thought that I would have taken a lead role, made new friends and had gained so many transferable skills.’’ BSc Law

‘’The impact that my volunteering at Discovery has had on my life is immeasurable, during my year in industry placement, I found myself constantly referring to skills and experiences gained during my time volunteering. Furthermore, the competitive advantage that volunteering gave me in my time looking for a placement was huge, every interview I went to the first question was always about “that volunteering thing you do”. I know I’ll miss the chaos and kindness of Discovery once I graduate. Looking back on my time with Discovery, I realise that it has transformed me into who I am today, and my university experience would not be the same without it.’’

BEng Aerospace Engineering

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025

Our Projects 2024 to 2025

Each of our projects is led by one or two project co-ordinators. These are exceptional student volunteers who are prepared to take on a leadership role, supporting and organising their own teams of volunteers and liaising directly with our community contacts. Without these brilliant, dedicated volunteers we would not be able to offer such a remarkable range of volunteering opportunities to students and to the community around us. We are so grateful for everything they do.

Active18

Provides both virtual and in-person group activities for adults with additional needs. Volunteers work as a team to plan and deliver a programme of activities each week, as well as attending sessions and supporting participants to engage. Activities are themed around the NHS 5 ways to wellbeing.

Supported by Regional Integrated Fund, West Glamorgan Regional Partnership, Shared Prosperity Fund and the Hedley Foundation

Age Exchange

Pairs students and residents together in weekly care home visits. Volunteers may walk around the grounds, visit the cafe or hang out in the lounge playing games or doing crafts with the residents. Supported by Austin Bailey Foundation and Shared Prosperity Fund

Buddied Reading

Pairs students and children together in weekly reading sessions at two local schools. Supported by Auston Bailey Foundation and Shared Prosperity Fund

Building Blocks

Uses the LEGO Therapy Model to run a programme of weekly sessions for children who may be struggling with social skills or friendship making.

Supported by National Lottery and Shared Prosperity Fund

Connect Groups

Events to raise awareness of mental health and looking after your wellbeing. Volunteers plan and deliver weekly wellbeing group sessions, virtually and/or in person, for other students. Supported by Austin Bailey Foundation

Clwb Cymraeg

Welsh language practice, social chat and learning in partnership with the University and the Student Union.

Digital Media Project

Volunteers helping Discovery to have impactful and meaningful Digital Media.

Pen pal Project

Pairs students with community members young and old to exchange letters and cards. Supported by Austn Bailey Foundation

STAR Project

Supporting the Student Union’s STAR society buy connecting volunteer support for SASS and Unity in Diversity, local drop ins and English classes for refugee and asylum seekers in Swansea. Supported by Austin Bailey Foundation

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025

Our Projects 2024 to 2025, continued

The Vetch

Supports local community members in maintaining their allotment plots and community garden.

Supported Volunteering Scheme

The Supported Volunteering Scheme gives volunteers the opportunity to work one to one with a disabled adult to support them to volunteer. Paired volunteers work on tasks in the Discovery office, on projects and in other University departments.

Supported by WCVA Main Volunteering Grant, Shared Prosperity Fun, Hedley Foundation and Postcode Trust Lottery

School Daze

Classroom support for local schools.

Supported by the Austin Bailey Foundation

Ambassadors

Promotes volunteering in a range of different ways, including talks, stalls and presentation, creating digital media and supporting the staff team with volunteer interviews. Supported by Austin Bailey Foundation

Training programme

As well as 28 induction training sessions for all new volunteers, we have offered a vibrant mix of training sessions aimed at helping our volunteers build their skills, values and understanding of a wide range of issues that impact on their volunteering roles.

|Learning Disability Awareness
Asylum In The UK
Public Speaking
Disability Awareness
Supported Volunteering Scheme
Sight Loss Awareness
Safeguarding - Face to face session / Diogelu -
Sesiwn wyneb yn wyneb
County Lines Awareness
Safeguarding - Zoom / Diogelu - Zoom
Supported Volunteering Scheme - Zoom
Look After Your Mate - Face-to-Face
Autism Acceptance
'How to talk about your volunteering' workshop
HEAR Award drop in session
LEGO Skills Training / Hyfforddiant Sgiliau LEGO
Basic First Aid / Cymorth Cyntaf sylfaenol
Working with older people training with Age
Exchange / Gweithio gyda phobl hyn gydag Age
Exchange|Volunteering at University Webinar | Gweminar
Gwirfoddoli
Dealing with Difficult Conversations in
Volunteering
'Look After Your Mate' training / Hyfforddiant
'Gofalu Am Eich Ffrind'
Personal and Professional Boundaries in
Volunteering
Working With 'Challenging Behaviour'
Developing Confidence & Leadership Skills
through Volunteering
Welsh For Volunteering/Cymraeg Ar Gyfer
Gwirfoddoli
'Meet the Project Coordinators' Session / Sesiwn
'Cwrdd â'r Cydlynwyr Prosiect'
Leadership opportunities in discovery webinar| |---|---|

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025

Our Projects 2024 to 2025, continued

One off volunteering

Supported by Shared Prosperity Fund and the Austin Bailey Foundation

Our one-off volunteering programme has once again been very popular and successful. It allows for volunteering where students can drop in as they please, some choosing it as a very low commitment volunteering with maximum flexibility and others using it to diversify and vary their volunteering experience. These sessions have also allowed us to work with a wider range of community groups and charities. One off volunteering has also helped us expand and explore options for more Welsh language volunteering.

GIATW – Give it a go week. A week of drop in opportunities early in semester one

SVW – Student volunteer week, a week of drop in activities in Semester2, linked to the national SVW campaign.

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What our student volunteers say about one off volunteering:

One-Off Feedback
The Vetch It was a great opportunity to meet new people who
were so nice and helpful. I learned more about
gardening
and
contributed
a
little
to
the
environment.
Homework
Buddy
Making		 The event was a great way to start my volunteering
journey, chat to people who are already involved in
different projects and new people in general. On
top of that, it was also a lot of fun and the
perfect uni ‘break’:)
Kindness
Rocks		 It was a cute bonding experience, I felt like a kid
exploring her creative side, it was fun and it
radiated kindness
Love Spoon
Making for St
Dwynwen’s
Day		 The session was wonderful. I got to partake in an
authentic Welsh custom and had a lovely time while
doing it. The activity itself was stress relieving and
soothing. Would recommend to all.
RSCPA Llys
Nini		 This is perhaps one of the best Discovery one-
offs I've had
the
luck
to
experience. Other
volunteers and I got hands-on as we helped out
with some work at the farm today. The staff
member who'd joined us, talked us through how
the charity functioned and what it took to care and
provide for all their furry inhabitants. It was eye-
opening to learn about the not-so-cute side of
animal care. If I could recommend one session that
ticked all the boxes, it would be this. Volunteering,
working in teams, meeting new people, making
new friends, physical movement, being in nature,
learning about the third sector, and understanding
the nuances of owning a pet and being a
responsible pet owner. The session has inspired
me to always carry around some bird feed too!
Because you never know when a cheeky little robin
would care to stick around.
The Big Knit This was such a fun and calming activity. It gave
me a chance to revisit an old hobby, and knowing
that it will benefit a charity makes it all the
more wholesome.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025

Partner projects

Our improved processes for connecting with and supporting external organisation have resulted in 38 different organisations being able to promote their volunteering opportunities to students.

Adenydd Popham Kidney support Adult Learning Wales Rengage Age Cymru Snap Cymru Bowel Cancer UK South Wales Police British Red Cross Surfability Chinese in Wales Association Sustainabiltiy- Swansea universtiy Circus Eruption Swansea Asylum Seeker Support City and County of Swansea Swansea Community Farm Crisis Swansea Women's Aid Volunteer Cwtch Mawr Swansea Libraries DeafBlind UK Tenovus English language teaching Service The Bloom Project FAN (Friends and Neighbours) The Environment Centre Gig Buddies Cymru The Go Team Hope Walk Ty Tawe Llamau UNESCO learning festival Marie Curie Welfare at Campus life Menter Iaith Abertawe West Wales Rivers Trust Mullany Foundation NSPCC

Funders

We are incredibly grateful to all our funders for continuing to support us:

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025

Future Developments

We intend to continue to build on this very successful year; we are so proud of all our volunteers, project co-ordinators, trustees and staff team. Every single person has worked so hard to ensure that we can provide meaningful support to the community around us and life changing opportunities to student volunteers. After a period of significant change, we are looking forward to consolidating on our strengths and ensuring that our offering is robust and purposeful.

Being able to now retain our student volunteers for a more equitable terms of 3 years will enable to us strengthen our governance and board functions. Having achieved our IIV we know that we will continue to offer the highest standard of volunteer opportunities.

2026 represents our 60th anniversary so next year we will begin planning for this important milestone.

We aim to make volunteering rewarding and create volunteering opportunities that improve wellbeing as well as making a significant difference to the community around us. We will continue consulting with our volunteers and the people we support to make sure that we are doing this in the best way we can.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 256146

Principal address

Fulton House Swansea University Singleton Park Swansea SA2 8PP

Student Trustees

President

Charlotte Cooke (From April 2024)

Treasurer

Mamta Behera

Secretary

Natalie Jarvis (To April 2024) Georgia Rees (From April 2024) Naman Kumar (From April 2024)

Non Portfolio

Felicity McKee Georgia Rees Charlotte Cooke Emm Thomas

From April 2024 (non portfolio)

Olugbenga Fayehun Mamta Behra Natalie Jarvis Omon Aiwejhoe Malgozata Ragosko

Non-Student Trustees Chair

Sian Impey (to June 2025) Alison Walker (from June 2025)

Vice Chair

Alison Walker

Treasurer Mike Buckle

Non Portfolio Louise Rees

Community Trustee Vacant April 2024 to June 2025 Julia Manser (from June 2025) Amy Meredith-Davies (from June 2025)

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025

Independent examiner

MHA Chartered Accountants MHA House Charter Court Swansea Enterprise Park Swansea SA7 9FS

Bankers

Lloyds TSB Bank PLC Oxford Street Swansea SA1 3AP

Santander Bank

1 Union Street Swansea SA1 3EE

TRUSTEES RESPONSIBILITIES

The Charities Act requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the statement of financial activities of the charity for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025

Insofar as the trustees are aware:

May 14, 2026

Approved by order of the board of trustees on ………………………………….. and signed on its behalf by:

Jo Parfitt - Trustee

Charlotte Cooke – Trustee

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INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2025

Independent examiner's report to the Trustees of Discovery SVS ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 July 2025.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. 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 concerns 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.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed: Dated: May 14, 2026 Rachel Doyle ACA DChA

MHA, Chartered Accountants, MHA House, Charter Court, Swansea Enterprise Park, Swansea, SA7 9FS

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STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2025

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Total income
Expenditure on:
Charitable activities
Total expenditure
Net (expenditure)/income
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2025
£
68,983
-
-
68,983
75,527
75,527
(6,544)
(1,116)
(7,660)
19,057
(7,660)
11,397		 Unrestricted
funds
2025
£
158,816
196
7,034
166,046
153,944
153,944
12,102
1,116
13,218
183,596
13,218
196,814		 Total
funds
2025
£
227,799
196
7,034
235,029
229,471
229,471
5,558
-
5,558
202,653
5,558
208,211		 Total
funds
2024
£
253,142
136
21,401
274,679
217,927
217,927
56,752
-
56,752
145,901
56,752
202,653

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 20 to 33 form part of these financial statements.

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BALANCE SHEET AS AT 31 JULY 2025

Note
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
13
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
14
Unrestricted funds
14
Total funds		 8,956
232,102
241,058
(34,230)		 2025
£
1,383
1,383
206,828
208,211
208,211
208,211
11,397
196,814
208,211		 15,310
238,778
254,088
(53,386)		 2024
£
1,951
1,951
200,702
202,653
202,653
202,653
19,057
183,596
202,653

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Jo Parfitt (Trustee)

Charlotte Cooke (Trustee)

Date: May 14, 2026

The notes on pages 20 to 33 form part of these financial statements.

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DISCOVERY SVS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

1. General information

Discovery Student Volunteering Swansea is an unincorporated trust, registered with the Charity Commission for England and Wales. The registered number is 256146 and principal address is:

Fulton House Swansea University Singleton Park Swansea SA2 8PP

The functional and presentation currency of the financial statements is the Pound Sterling (£) and balances are rounded to the nearest £1.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Discovery SVS meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

A significant proportion of the charity’s income is by way of grant funding. The charity is reliant upon the continuing support of its grant funders. The trustees have responded to this risk by ensuring that cash reserves are maintained in order to cover a sufficient period so that the charity can meet ongoing running costs and any staff redundancy costs.

The trustees have a reasonable expectation that the charity will have adequate resources to continue in operational existence for the foreseeable future and accordingly adopt the going concern basis in preparing the financial statements.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

2. Accounting policies (continued)

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold.

Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the Charity's accounting policies.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income from tax reclaims are recognised in the same period as the gift or donation to which they relate.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Allocation of support and governance costs

Governance costs comprise of all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to the independent examination and legal fees together with support costs. Due to the nature of the operations of the charity it was not considered appropriate to allocate expenditure on activities.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

2. Accounting policies (continued)

2.6 Charitable activities

Costs of charitable activities comprise all costs incurred in the pursuit of the charitable objects of the charity.

2.7 Tangible fixed assets and depreciation

Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings - 20%
Computer equipment - 20%

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.11 Taxation

The charity is exempt from tax on its charitable activities. Irrecoverable VAT is charged against the category of expenditure for which it was incurred.

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DISCOVERY SVS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

2. Accounting policies (continued)

2.12 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.13 Pensions

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.14 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Income from donations and legacies

Donations
Grants
Donations
Grants		 Restricted
funds
2025
£
120
68,863
68,983
Restricted
funds
2024
£
100
98,200
98,300		 Unrestricted
funds
2025
£
1,982
156,834
158,816
Unrestricted
funds
2024
£
5,014
149,828
154,842		 Total
funds
2025
£
2,102
225,697
227,799
Total
funds
2024
£
5,114
248,028
253,142

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DISCOVERY SVS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

4. Income from charitable activities

Income from charitable activities
Income from charitable activities		 Unrestricted
funds
2025
£
196
Unrestricted
funds
2024
£
136		 Total
funds
2025
£
196
Total
funds
2024
£
136

5. Income from other trading activities Income from fundraising events

Other trading activities
Interest income
Other trading activities
Interest income		 Restricted
funds
2024
£
360
-
360		 Unrestricted
funds
2025
£
255
6,779
7,034
Unrestricted
funds
2024
£
13,512
7,529
21,041		 Total
funds
2025
£
255
6,779
7,034
Total
funds
2024
£
13,872
7,529
21,401

Page 24

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DISCOVERY SVS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

6. Analysis of expenditure by activities

Charitable activities
Charitable activities
Analysis of direct costs
Staff costs
Activities
Travel and subsistence
Dues and subscriptions
Staff training
Resources
Refreshments
Telephone
Depreciation
Other costs
Advertising		 Activities
undertaken
directly
2025
£
219,118
Activities
undertaken
directly
2024
£
210,073		 Support
costs
2025
£
10,353
Support
costs
2024
£
7,854
Total
funds
2025
£
188,947
1,309
5,134
5,964
4,770
331
1,352
213
568
8,976
1,554
219,118		 Total
funds
2025
£
229,471
Total
funds
2024
£
217,927
Total
funds
2024
£
178,918
1,977
2,164
4,998
2,090
728
909
135
568
17,586
-
210,073

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Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E

DISCOVERY SVS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

6. Analysis of expenditure by activities (continued)

Analysis of support costs

Insurance
Bank charges
Governance costs
7.
Governance costs
Independent examination
Payroll & training fees
Legal fees		 Total
funds
2025
£
3,708
96
6,549
10,353
2025
£
3,900
1,950
699		 Total
funds
2024
£
2,647
84
5,123
7,854
2024
£
3,102
1,562
459

8. Staff costs

Wages and salaries
Pension scheme contributions		 2025
£
180,919
8,028
188,947		 2024
£
171,428
7,490
178,918

The average number of persons employed by the Charity during the year was as follows:

2025 2024
No. No.
. 10 8

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DISCOVERY SVS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

8. Staff costs (continued)

No employee received remuneration amounting to more than £60,000 in either year.

Key management personnel are considered to be those personnel who are not trustees but sit within key operational and strategic roles. The total costs of the key management personnel were £43,406 (2024 - £41,599).

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .

During the year ended 31 July 2025, expenses totalling £ 78 were reimbursed or paid directly to 1 Trustee (2024 - £372 paid to 3 Trustees). Reimbursed expenses related to general volunteer and office costs.

10. Volunteers

The value of volunteers’ time given within the year is estimated with reference to the recorded number of volunteer hours multiplied by the estimated hourly rate that an employee would have been paid for carrying out the service. The quantified benefit to the charity for volunteers’ time was £215,845 (2024: £266,709), given that 607 student volunteers contributed 16,929 (2024: 20,400) hours of support. This amount has not been recognised in the accounts.

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DISCOVERY SVS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

11. Tangible fixed assets

Cost or valuation
At 1 August 2024
At 31 July 2025
Depreciation
At 1 August 2024
Charge for the year
At 31 July 2025
Net book value
At 31 July 2025
At 31 July 2024
12.
Debtors
Due within one year
Trade debtors
Other debtors
Prepayments and accrued income
Gift aid recoverable		 Fixtures and
fittings
£
1,573
1,573
551
315
866
707
1,022		 Computer
equipment
£
1,266
1,266
337
253
590
676
929
2025
£
4,708
418
3,575
255		 Total
£
2,839
2,839
888
568
1,456
1,383
1,951
2024
£
7,399
1,295
6,616
-
8,956 15,310

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DISCOVERY SVS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

13. Creditors: Amounts falling due within one year

Trade creditors
Pension fund loan payable
Accruals and deferred income		 2025
£
3,751
158
30,321
34,230		 2024
£
2,809
1,008
49,569
53,386

Page 29

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DISCOVERY SVS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

14. Statement of funds

Statement of funds - current year

Balance at 1
August 2024
£
Unrestricted funds
General Funds - all funds
183,596
Restricted funds
Austin Bailey Foundation
110
Swansea Youth Bank
307
Swansea Siavonga
Partnership
1,135
Volunteering In Wales
6,242
Supported Volunteers
5,131
ICF C4B
1,821
SEA WOW
2,934
Transformation Fund
831
Postcode Fund
-
Toyota Community Fund
376
Shared Prosperity Fund
-
Awards For All
-
Non Project Specific
170
Hedley
-
19,057
Total of funds
202,653		 Income
£
166,046
2,917
-
-
18,619
120
10,174
7,686
-
11,250
-
11,644
5,573
-
1,000
68,983
235,029		 Expenditure
£
(153,944)
(2,974)
-
-
(20,753)
(1,041)
(10,174)
(10,620)
-
(11,250)
-
(11,644)
(5,573)
(568)
(930)
(75,527)
(229,471)		 Transfers
in/out
£
Balance at
31 July 2025
£
1,116
196,814
-
53
(307)
-
-
1,135
-
4,108
-
4,210
-
1,821
-
-
(831)
-
-
-
(376)
-
-
-
-
-
398
-
-
70
(1,116)
11,397
-
208,211		 Transfers
in/out
£
Balance at
31 July 2025
£
1,116
196,814
-
53
(307)
-
-
1,135
-
4,108
-
4,210
-
1,821
-
-
(831)
-
-
-
(376)
-
-
-
-
-
398
-
-
70
(1,116)
11,397
-
208,211
53
-
1,135
4,108
4,210
1,821
-
-
-
-
-
-
-
70
11,397
208,211

Page 30

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DISCOVERY SVS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

14. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds - all funds
Restricted funds
Austin Bailey Foundation
BBC Children In Need
Swansea Youth Bank
Swansea Siavonga Partnership
Volunteering In Wales
Supported Volunteers
ICF C4B
SEA WOW
Transformation Fund
Postcode Fund
Toyota Community Fund
Shared Prosperity Fund
Non Project Specific
Total of funds		 Balance at
1 August
2023
£
123,155
2,741
3,695
307
1,635
6,800
5,226
221
361
831
-
191
-
738
22,746
145,901		 Income
£
176,119
2,750
-
-
-
24,204
360
10,924
7,151
-
14,323
2,000
36,848
-
98,560
274,679		 Expenditure
£
(115,678)
(5,381)
(3,695)
-
(500)
(24,762)
(455)
(9,324)
(4,578)
-
(14,323)
(1,815)
(36,848)
(568)
(102,249)
(217,927)		 Balance at
31 July 2024
£
183,596
110
-
307
1,135
6,242
5,131
1,821
2,934
831
-
376
-
170
19,057
202,653

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

14. Statement of funds (continued)

Each of our projects is led by one or two project co-ordinators. These are exceptional student volunteers who are prepared to take on a leadership role, supporting and organising their own teams of volunteers and liaising directly with our community contacts. Without these brilliant, dedicated volunteers we would not be able to offer such a remarkable range of volunteering opportunities to students and to the community around us. We are so grateful for everything they do.

Swansea University and the Shared Prosperity Fund support all of our project.

Active18

Provides group activities for adults with additional needs. Volunteers work as a team to plan and deliver a programme of activities each week, as well as attending sessions and supporting participants to engage. Activities are themed around the NHS 5 ways to wellbeing.

Supported by Regional Integrated Fund, West Glamorgan Regional Partnership (ICF C4B)

Age Exchange

Pairs students and residents together in weekly care home visits. Volunteers may walk around the grounds or hang out in the lounge playing games or doing crafts with the residents. Supported by the Transformation Fund and Austin Bailey Foundation

Buddied Reading

Pairs students and children together in weekly reading sessions at two local schools. Supported by Auston Bailey Foundation

Building Blocks

Uses the LEGO Therapy Model to run a programme of weekly sessions for children who may be struggling with social skills or friendship making.

Supported by Children in Need and Austen Bailey Foundation

Connect Groups

Events to raise awareness of mental health and looking after your wellbeing. Volunteers plan and deliver weekly wellbeing group sessions, virtually and/or in person, for other students. Supported by Austin Bailey Foundation

Clwb Cymraeg

A regular Welsh Language Club run in partnership with the Student Union and Campus life. Volunteers help to plan and deliver activities. Supported by the Austen Bailey Foundation

Penpal Project

Pairs students with community members young and old to exchange letters and cards. Supported by Children in Need and Austin bailey Foundation

STAR Project

providing volunteer support for Unity in Diversity, a local drop in and English classes for refugee and asylum seekers in Swansea. Supported by Austin Bailey Foundation

The Vetch

Supports local community members in maintaining their allotment plots and community garden. Supported by Austin Bailey Foundation and Toyota Community Fund

School Daze

Class room support in local schools.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

14. Statement of funds (continued)

Supported by Austin Bailey Foundation

Supported Volunteering Scheme and Social Action Groups

The Supported Volunteering Scheme gives volunteers the opportunity to work one to one with a disabled adult to support them to volunteer. Paired volunteers work on tasks in the Discovery office. Small groups work on well being, activism and awareness raising.

Supported by WCVA Main Volunteering Grant, Swansea Youth Bank and Postcode Trust Lottery

Swansea Women's Empowerment Society (SWES)

Activities offering a safe space for students who are a woman, trans or non-binary and have experienced sexual assault/ harassment.

Supported by Austin Bailey Foundation

Ambassadors

Promote volunteering in a range of different ways. Including talks, stalls and presentation, Creating digital media and supporting the staff team with volunteer interviews. Supported by Austin Bailey Foundation

One off volunteering

A diverse and exciting programme of volunteering including creating resources for other charities, environmental projects and litter picks.

Supported by Toyota Community Fund

Swansea Siavonga Partnership

We are unable to visit Siavonga as we have in the past but this year we were able to support the building of an extra room that would provide stable housing for one of the children who benefited form our scholarship scheme.

Swansea Employability Academy (SEA WOW)

We have worked in partnership with SEA to host student interns. Funded by SEA these student staff members have made a huge contribution to the work of Discovery and expanded our capacity at key times.

15. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
1,383
-
33,182
207,876
(23,168)
(11,062)
11,397
196,814		 Total
funds
2025
£
1,383
241,058
(34,230)
208,211

Page 33