5WALIOWDALE CFIIIDREN'S TIIU5T REPORT AND FINANCIALSTATEMENTS FOR THE YEAII ENDID 31ST MARCH 2025 CHARITY NO. 526205 CR05SLEV AND DAV15 Charteted Accountaiits Ground floo¥, Seneca House Llb)Iis Polnt, Amy Johnson Way Lllaclipool Lancashire FY4 2fF SWALLOWDALE CHILDREN'S TRUST REPORT AND FINANCIAL STATEMENTS FOR THI YIAR INDED 315TMARCH 2025 CONTENTS PAGE Trustees, Annual Rep¢)rt Independent Examiner's Report statement of Fiiiai)cial Actlvltles Balance Sheet Notes forming part of the Financial Slateinents 8-12 SWALLOWDALE CFIILDREN'S TRUST TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCII 2025 The TrL15tee5 present their report along wlth Ilnanclal statemonts of the Charity For tlie year ended 31st March 2025. The financial 5tatÈinenls l)avÈ been prepared in accordance with the accountlng policles set oiit on page S and comply wSth tlie Cliarlty's Trust Deed and applicable law. REFERENCE AND ADMINISTRATION DETAILS NAME5 OFTHI CHARITYTRUSTEES WHOMANAGE THE CHARITY Trustee Waitte N, Law S. Brownwood Dr. H. Miller E. Wllcockson Bowers A. Coyle C. L. Morrell Office Chairmaii Treasurer Trustee VlcÈ-Chalr T¥ustee Trustee TRUSTEES FOR T14E CHARITY The property owiied by tlie Trusl 15 registered at the land ttegi5try. Dr. H. Miller, N. Law, S. Brownwood, E. Wilcoc1¢50n BowÈrs, A.Coyle and C.L Morrell have served as appointed Trustees for the Charity duri4)e the year, PRINCIPAL ADDRE55 2 Wllow Tree Avenue, 8rou&bton, Preslon. PR3 5DH NAMES AND ADDRESStS OF ADVISERS Type of Advise Name AddKess Sollcltor Vlnceiits Guild Chambers 4 Winckley Square Preston PRI 3JJ Independent EKamliier Peter Swarbricl( B Sc IHonsl, FCA Chaitered Accouiifanl Crossley & Davi5 cl)artered AccoLJntants Ground Floor, Seneca House Linlis Point, Amy John50n Wav Lllackpoo5. FY4 2FF SWALLOWDALE CHIIDRIN'S TRUST TRUSTEES, AfrINU L REPORT CONT UED FOR THE YEAR ENDED 31ST MARCH 2025 STfiucTURI GOVERNANCE AWD MANAGEMENT NAMES AND ADDRESSES or ADVISERS Icohtlnuedl stocl(bYoke¥s ftailibones il Finsbury Clrcus london EC2M 7AZ Uaiikers National Westininstey Bank P.0. Box I 20 Coiporation Street Blackpool, FYI IEL DESCRIPTION OF THE CHARITY'S TRUSTS The SwallowdalÈ Children's Tiust is ¢on5tituted linder a Tru51 Deed dated 23rd FebrLTrary 1978 and is registered charity number 526205. Trustee5 are appointed by the Boaid of Trustees and serve indefinitely. OBJECTIVES AND ACTIVITIE5 The obletts of the Charity are to coiisider applications of 'CI)ildren and Young People in Need,. The upper age limlt for reclpients is 25 and the operatlng area is the Boroughs of Bla¢kpoDI, Wyre and Fyldo. Tl)e Trustees Meet bi-monil)Iy to discijss ènd approve appllcations for graiTrt5. The criterla 15 Ihat the recelpt of money from Swallowdale wlll benefit the child vi ytsuii¥ person Sn a way il)at is not available from family or communlty sources. The Trustees also 4551sf otl)er charStle5 worklng with young people where their work is related to the Trusts operatiYlE area. The Trustees are active￿ workii)g with Social Worker5, trlealth Vlslior5 and schoo15 In seeler Is unaware,. and the Trustees have taken all steps that they ought to have taken to make them5È1ves aware ol any relevant i formation and to e5tabli5h that the independent exarniner Is aware of ihat information. Approved bv Tyustees &nil slgiied oil tl)el¥ behalf bv.. Nl#el Law- TYu5teè Dq SWALLOWDALE CHILDREN'S TR DEPENDENT IXAIVIINIR'S REPORTTO TFIE TRUSTEES OF SWALLOWDALI CHILDREN'S RUST I report to the trustees on my examination ol the accounts of Swallowdale chlldren's Trust Itlie Trust) for the year ended 315t March 202S, whicli aFe set out on pages 6 to 12. Ilesponsibilltles and basls of Kepoyt As the ch4rlly Irustees of the Trust you responsible for the preparation of the accounts In a¢t.ordance with the Tequlrements of the Charltie5 Act 20111'the Acl'l. I report in re5peel of my examTrnation ol the Triislee'5 accounts carried out under section 145 of the 2011 Act and In carrying out my examinatlon I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examlnei's statement I have completed rny examination. I confirm that no materSal matters have tome to my attention in connection with tl)e Èxamiiiation givinE me CdU5e to believe ihat in any material respect.. 111 accounting iecords were not Iiept ii) respect of the Trust as requSred by setlion 130 of lhe A¢t,' or 121 tl)e account5 do nol accord with those rettsrds,. OT 131 the aCCOLbnts do not comply witSi the applicable iequlrements concerning the form and content of account5 sef out in the Charities IAccouiit5 and Reports) Regulation 2008 other than any requirement that the accounts glve a 'true and Idir view, whicli is not a matter considered as part of an independent examination. I have no concerns and have coine across no other matlers in connef_tion witl) the examination to wliich attÈntion should be drawn in this report in order to enable a p¥oper ui)der5tandSng of the accouiits to be reached. PÈter SwarbficI( B SC (Honsl FCA Ciossley & Davls Ground Floor, Seneca Htsuse Links Polnt, Amy johnson Way Blackpool Lancasl)Ire FY42FF Date: .* /1 /A2) SWALLOWDALE CHILDREN'S TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR TtrIE YEAR ENDED 315T fvIARCH 2025 Notes nest¥i¢ted Total FuMd5 2025 Re51rlcted Total Funds 2024 INCOME AND EXPENDITURI Income and Indowments Investment income Otlier incoming resources 24,426 26,150 Total Incoming Resou¥ces Expendituye Investment manaEement cost Charitable actlvities GovernaneÈ tosts 1,828 71,712 1,788 74,298 Total Empendlture 038 Net loutgoli)Esl befoye other recognised £ain5 losses 149,6121 147,0721 OTHER RECOGNISED GAINS AWD LOSSES Galns on investinent Net Tealised galns Net unrealised IIos5esl Investment portfolio cash held 7,012 124,9631 14,5831 62.771 NET MOVEIVIENT IN FUNDS Reconcillatlon of Fun¢ls Fui)d balances brouglit forward 1st Aprll 2024 975.611 959 912 Fund balances carried forward at 31st Marcli 2025 The notes on pages 9 to 12 fDI'm part of these accounts SWALLOWDALE CHILD EW'S TRUST BALANCE SHEET AS AT 31ST MARCH 2025 Notes 2025 2024 FIXID ASSETS Tangible assets Investments 39,423 52 743 41,835 924 676 892 166 966511 CURRENT ASSETS Dèbtors Cash at ban1( 591 3,2rs4 io TOTAL CURIIENT ASSETS IIABILITIES Creditors.. Amounis falling due witliin one year Nèt Current A55Et5 13,3001 113,8831 TOTAL ASSETS LESS CURRENT LIABILITIES 903 465 975 611 The fuhd5 of the ¢harity'. Restrlcted income lund5 903 465 975 611 Total Chaylty Funds 903 465 Appfoved by the Board of Trustees on the 2025 and signed on its belialf bv Steplien BrowMwoo(l~TYustee Nlgel Law- Trustee Then pages 11 to 12 form payt of these accouhts SWALLOWDALI CHILDREN'S TRUST OTESTO THE ACCOVNTS FOR THEYEAII ENDID 31ST MARCH 2025 BA51S OF PREPARATION Basis ol A¢¢ounting The financSal statements have been prepared under the hlstorical cost conventlon leK¢ept for tlie valuation of investrnent assets, which are shown at market vJluel In acrordante with The Charitie5 Act 2011, ond Accounting ond Repoiting by cliarities.. Statement of Recommended Practlce applicable to charitie5 preparlng thelr accounts In accordance with FRS 102 ChaTlties SORP IFRS1021 ACCOUNTING POLICIES IDcomin8 Resoiiyces Investment income Is accounted for in the perSod in whtch the Charity15 entitled to receipt. Investment galn5 and10sses include anv ga￿￿ or loss on the sale of Investments and anv Eain or Ios5 resulting from ¥evaluing investments to market valiie at the end of the year. Expendilure and Llabililies ExpenditUTe 15 included on an accruals basls. Llabilitie5 are recognised as soon a5 there Is a lee81 or constructive ohlleation committing Èhe tharity to pay oiit resources. Costs ol generatlng funds tomprise those costs directly attributable to managing il)e investment portfollo and raislng Investment Income. Grant5 payable are chareed in the year when the ofler is conveyed to the Yeciplent. Governance Costs eomprises costs for the preparaliori aFTrd examination of statutory 8ccounÈ5. the Costs ol trustee meetings and ¢osl ol any legal advite to trustees on governance or con5titutioiial n)atters. SWAILOWDALE cHILD￿EN's TRUST NO'fES TOTHE ACCOUNTS COWTINUED FOR THE YEAR ENDED 31ST MARCH 2025 Tanglble flxed assets for use by the charlty are capltali5Èd il they can be used lor more than one year and cost at least £500. They are valued at cost or 8 reasonable valuo on receipt. DÈp¥e¢latlon Depreciatlon is calciilated 50 as to write oll the cost of all asset, less its estimated residual value, over the useful economic life ol tliat asset as follows.. Furnlture and Èqulpment Land and buildings 15% reduclng balance basis 2% straigl)t line ba51s Fixed Asset Investment5 Investments quoted on a recognised stoc1¢ exchange are valued at marl(et value at the year end. other investment assets are included at triistÈes' best estimate of marliet valLIe, INVESTMENTINCOME 2025 2024 Dividend- U.K. Equities, OveT5ea5 Securities and Interest Bank interest 24,229 197 25,881 269 ANALYSIS OF EXPENDITURE INVESTMENT MANAGEMENT COSTS Inve5tmeni Inanagenient feÈs Cliaritable Activitie5 Grant maklng 298 GOVERNANCI COSTS Depreclatlon Inote 61 Insurance SecFetary'5 Reinuneration IndÈper)dent Examlner's chaiges Inoto 5,11 Bank charges Sundrios 2,412 850 6,000 3,120 24 2.415 532 3,000 3,120 69 SWALLOWDALE CHILDREN'S TRUST NOTES TO THE ACCOUNTS COfiITINUED FOR THE YEAR ENDED 1ST MARCH 2025 DETAILS OF CERTAIN ITIMS OF EXPENDITURE Fees for emamlnatloh of tlie accoiintS 2025 2024 Independent Èxaminer's fees for repoTtlng on tlie accounts 450 450 Other fees paid to the independent examii)er TAN6IBLE ASSETS Lanil and Buildlhgs Fuynlture and Equlpment Tot&1 Co$t'. Balance at 1st Ap¥ll 2024 and 31st Marth 2025 120 953 13 134 113 Depyeclatlon.. Brought forward at 1st Aprll 2024 Charge for the year 79.200 13,078 12 92,278 Carrled forward at 31st Maich 2025 Net book value as at 31st Marcli 2025 Net book value as at 31st March 2024 835 Depreciatlon rate 2Yo Sl 15% RB -1 SW AILOWDALE CPIILDREN'S TRiIST OTES TO THE ACCOUNTS CONTINUED FOR THE VEAR NDE 31SY MARCH 2025 INVESTMENT ASSETS 2025 2024 Flxed Asset Investment5 Market value 1st Aprll 2024 AddStion5 Disposals Net realised eains Net unrealised losses 924,676 896,325 149,3991 7,012 134,4201 62,771 Market value 31st March 2025 857 326 Cost as at 31st March 2024 82 289 792 223 Aiialysls of Iiive5tinents Market Value at yèaw end Investment5 listed oil a recognised stock exchange or held In common investmernt funds, open ended investment companies, unit tfUSts or otl)er collective investmei)t schemes. 857,326 926,836 01 Cash held as part of the inve5trnent portfolio Total Material Inve5trneMt Holdings Mo Investments were above the rnateriality rate ol 5% 01 the value of the portfolio other than Investments in Unit Trusts. DEBTORS 2025 2024 Rent Insurance 3,000 284 591 591 -li- SWALLOWDALE CHILDREN'S TRUST NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST MARCH 2025 2025 2024 CREDITORS: AMOUNT5 FALIING DUE WITHIN ONE YEAR Secretaiy's Temuneration Accyued: Independent Examiner's charge HMRC P.A.Y,E National Westminster Bank 3,000 300 3,000 6,280 10. CASH AT BANK National Westminster Banl(- Buslnes5 Reserve Account Rathbone Investment ManagemÈnt- Dealing Account 18,591 21,859 11. TRUSTEE EXPENSES AND REMiJNERATION No expenses and remuneration weTe pald to the Ir115tees. 12. RELATED PARTY TRANSACTIONS There were nt) transactlons with related parties durino the year. -L2-