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| Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **DISCOVERY SVS** **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. Page 1 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **DISCOVERY SVS** ## **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. Page 2 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **DISCOVERY SVS** ## **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:** - Enrich the lives of the people in Swansea in order to fulfil their potential as empowered individuals and as members of groups and communities. - Offer new experiences and opportunities through a broad range of student-led activities in the community, leading to increased mutual understanding and equality. - Actively support students to be aware of their personal development and the impact upon themselves and the lives of others through their involvement in the community-based activities. 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: - To encourage co-operation between voluntary groups, the statutory authorities, and individuals in the service of the community. - To foster the ideal of voluntary/community service particularly amongst young people, by providing guidance and opportunities for personal development; learning and developing skills as well as participation in wide aspects of voluntary/community in wide aspects of voluntary/community involvement. - To focus the attention of individuals connected with, as well as the institution of Swansea University and the community at large, onto social problems, with a view to creating a sense of individual responsibility and personal participation in remedying those problems. Page 3 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **DISCOVERY SVS** ## **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** - Student and Non-Student Trustees shall be elected at the AGM for a three-year period, in accordance with the procedure for the AGM. They may stand for re-election. - While student trustees may remain on the board once they have graduated, they cannot stand for re-election if they are no longer students. ## **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.** Page 4 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **DISCOVERY SVS** ## **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**|| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| |||| Page 5 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **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 Page 6 Docusign EnvelopÈ ID". B56c85B6-248￿294-8Q2&E45FSB67BF7E DISCOVERY SVS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025 Our Year in Pictures Vi*d;A Page 7 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **DISCOVERY SVS** **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 Page 8 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **DISCOVERY SVS** **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| |---|---| Page 9 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **DISCOVERY SVS** **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: Valentines Day Singa-long at the Care Home - • Wenglish PenPal Letter Writing | Ysgrifennu Llythyr Penpal Wenglish SVW – Student volunteer week, a week of drop in activities in Semester2, linked to the national SVW campaign. - Digital Media Workshop for International Day of Happiness and University Mental Health Day - • Welsh Folklore Collaborative Sculpture | Cerflun Cydweithredol Llên Gwerin Cymraeg - • Singleton Park Litterpick - Drop in craft session | Sesiwn crefft galw heibio - Sesiwn Crefft Diwrnod Shwmae / Shwmae Day Craft Session - GIAGW - Penpal Letter Writing | Ysgrifennu Llythyr Penpal - GIAGW - The Vetch - Singing at the Care Home with Age Exchange - GIAGW – Neurodiversity Art with Age Exchange Cafe | Caffi Celf • The Big Knit Niwroamrywiaeth • AGM & Kindness card - • GIAGW - Not-so-spooky making Halloween crafts with Connect • Freshers Pack and | ‘Dim mor spwci’ crefft Kindness Cards Making at calan gaeaf gyda Connect the Global Lounge Launch - • GIAGW - Sessiwn Crefft • Book Swap Volunteers | Cymraeg | Welsh Craft Gwirfoddolwr Cyfnewid Session Llyfrau - • GIAGW – DigiMedia Photo • Digital Media Session for Walk | Taith Cerdded Mental Health Awareness DigiMedia Week ¦ Sesiwn Cyfryngau - • GIAGW - Homework Buddy Digidol ar gyfer Wythnos Making | Ffrindiau Gwaith Ymwybyddiaeth Iechyd Cartref Meddwl - • GIAGW - Active 18 Halloween • Destress Crafts | Crefftiau Party | Active 18 Parti Calan Ymlaciedig Gaeaf • The Big Knit - • Beach Clean • Grwp ffocws gwirfoddoli • Kindness Rocks!! | Creigiau Cymraeg | Welsh caredig!! volunteering focus group - • Holiday Card Making | Gwneud • Digital Media Session for cardiau Nadolig National Volunteers’ - • Memorial Garden Rock Week / Sesiwn Cyfryngau Painting | Peintio Creigiau'r Digidol ar gyfer Wythnos Ardd Goffa Genedlaethol y - • Wenglish Craft Session | Gwirfoddolwyr Sesiwn Grefft Wenglish • Singleton Park Litter Pick Page 10 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E - St Dwynwen’s Day Love Spoon Making | Dydd Santes Dwynwen Gwneud Llwyau Caru - The Big Knit | Y Cywydd Mawr - Art Café Drop-In | Art Café Galw Heibio - SVW: Digital Media Workshop - • SVW: The Vetch - SVW: Welsh Music with Clwb Cymraeg | Dydd Miwsig Cymru gyda Clwb Cymraeg - SVW: PenPals Letter Writing - • SVW: RSPCA Llys nini • SVW: Social Action Group • SVW: Reverse Scavenger Hunt for Valentine's Day 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._| Page 11 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **DISCOVERY SVS** **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: - Swansea University - WCVA - Welsh Government - The Austin Bailey Foundation - Western Bay Health and Social Care Programme, Regional Integration fund - Swansea University payroll giving - Swansea Employability Academy (SEA) - National Lottery Awards for All - Post Code Trust Lottery - The Shared Prosperity Fund - The Hedley Foundation - • Individual supporters Page 12 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **DISCOVERY SVS** **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. Page 13 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **DISCOVERY SVS** **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) Page 14 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **DISCOVERY SVS** ## **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: - Select suitable accounting policies and apply them consistently; - Make judgements and estimates that are reasonable and prudent; - Prepare the statements on a going-concern basis unless it is inappropriate to assume that the charity - will continue in operation; - State whether the financial reporting standards have been followed, subject to any material departures - - disclosed unexplained in the accounts, and - Observe the methods and principles in the Charities Statement of Recommended Practice. 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. Page 15 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **DISCOVERY SVS** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025** Insofar as the trustees are aware: - there is no relevant accounting information of which the charity’s Accountants and Independent Examiners are unaware; and - the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the independent examiners are aware of that information. May 14, 2026 Approved by order of the board of trustees on ………………………………….. and signed on its behalf by: Jo Parfitt - Trustee Charlotte Cooke – Trustee Page 16 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **DISCOVERY SVS** ## **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 Page 17 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **DISCOVERY SVS** ## **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. Page 18 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **DISCOVERY SVS** ## **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. Page 19 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **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. Page 20 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **DISCOVERY SVS** **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. Page 21 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **DISCOVERY SVS** ## **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. Page 22 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **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_| Page 23 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **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 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** |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_| Page 25 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_| Page 26 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **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. Page 27 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **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_| Page 28 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **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 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **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 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **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_| Page 31 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **DISCOVERY SVS** **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. Page 32 Docusign Envelope ID: B56C85B6-2485-8294-8028-E45F9867BF7E ## **DISCOVERY SVS** ## **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