APPENDIX 1 oscr Period start dale Period end dale )nlh Y881 12 2024 Fr( 31 12 2023 To 31 offi of the Scottish Charity Regulator Reference and administration details Charity name other names charty is known Swm Vietnam Registered charity number Charity'5 principal address SC042133 79B High Street Kinghom Scotland Postcode KY3 9UW Names of the charity trustees on date of approval of Trustees. Annual Report Trustee name Office {if any) Dates acted rf not for whole year (or body) entitled to appoint In*ee (if any) ChaIrpern Member Member 10 11 12 13 14 15 16 17 18 19 20
APPENDIX 1 Reference and administration details Names of all other charity trustees during the peTiod. if any. (for example. those who resigned part way through the financial period) Dales acted rf not for Txhole year Tntee till 1511212024 Structure, governance and management Type of governing document The Trust was set up by Swim Wielnam on 12 September 2010. The Trust is administered in accordance wrth the lemis of the Trust Deed. Swim VietsM was granted charrtable stabjs by OSCR on 25th February 2011. Trustee recruitment and appointment Three tntstees were estsblished in the trust deed, with three being the minimum pemiitted. There have been changes in the trustees over time. A register of trustees and dates of appoinknent and resignation are kept. AJI new trustees are vetted. approved and receive the required infomiatKJn and training as per OSCR guidelines. Objectives and activities Charitable purposes Drowning is the mai( cause of death in children in Vietnam. Swm Vietnam's purpose . To provide free swimming and water safety lessons, having particular regard to the needs of children up to the age of 15: and To train adu$ as swimmirrfj teachers: and To IeaSe knowledge of water safety issues throughout Vietnam Summary of the main activities in relation to these objects Free swimming lessons are provTrded to local children in Central Vietham. The survNal swimming program consists of 15 lessons teaching survival swimming and basic water safety techniques. Training courses are provided to train local aduns as swimming teachers. These teachers then WC on the Swim Vietnam program. Swimming pM)ols are purchased and set up in local schwl grounds to provide a venue for the swimming lessons.
APPENDIX 1 Achievements and performance Summary of the main achievements of the charrty during the financial perd 1.330 children taught to swim in 2024. 35.317 children since inception. 80 teadrS educated in dassroom water safety in Quang Nam province in 2024. TO1 of 3,850 of classroom water safety education program have been trained since incepti. 268 swm teachers have been trained in 2024. wtth a total of 2.534 trained since incepbon. 8,602 children received clasyocmi-based water safety education program in 2024. 256.472 is number of Children who have received water safety education since inception. {62,943 children have been trained diredy by Swim Vietnam leam, 193,529 children r1Ved the education from other organisations who Swim wlam have trained to FKovide the water safety educats'on.) In 2024, a5 well as our work in Quang Nam Province, Central Vietnam, Svrn Vietnam made significant strides in our mission to enhance drowning prevention across the county. Our initiatives reached numerous communitS, particulady in rural areas, where access to swim education has tradonallY been limited. These induded.. Delivered a program in Phu Yen province on the South Central coast based on Vietnam's Drowning Preventijn Framework. Helping to make coastal beaches Safer for everyone. Supported Thanh Hoa province in launching the national campaign swrnming practice and drowning prevention, alongside the cpening of the 2024 children's swmming das5es. We partnered with the Vietham National Department of Physical Education and SP to host the Safe Swimming Training Program. These induded participants from four provinces We continued ow long-sLinding support of swimming lesSc$ for children with disabilities in 2024. This year. we provided inclusive swmming lessons for 65 children from three charitsble organiZatn5 for disadvantaged children.. Hearing and Beyond in Vietnam, CHIA (Children's Hope In Action). and The Kianh Foundation. Financial review Brief statement of the charity's policy on reserves Our funds represent inccrfne n the fonn of donations. grants and Fundraising athibes. The trustees consider the Charrbes funds of £64.037 together with ccffimrtments from existing sponsors. an appropriate arnount to allow us to conduct our upcoming activities.
Details of any deficit There is no deficrt in our reserves. Donated facilities and services Irf any) APPENDIX 1 Other optional information
Declaration The trustees declare that they have approved the truslees, report above. Signed on behalf of the charity's ttee9 Signaturels) Full namelsl Position {e.g. Chair) TRUSTEE & CHAIRPERSON Date 04106r2025
2024 Account notes
Currency differential due to daily exchange rate movements in VND - USD/VND moved 4.8% over the year Currency differential due to daily exchange rate movements in VND - GBP/VND moved 3.3% over the year
| Statement of Fixed Assets (Swimming Pools) | ||||
|---|---|---|---|---|
| US$ | ₤ | |||
| Purchase Value | 88,450 | 70,552 | ||
| Depreciation | 58,792 | 46,895 | ||
| Estimated Present Value | 29,658 | 23,657 | ||
| USD/GPB | 0.797645 | 31/12/2024 |
Estimated depreciation time period was extended as pools have lasted longer than expected
Accounts of Swim Vietnam
Statement of Receipts and Payments
For the period from 01/01/2024 - 31/12/2024
| Dedicated Funds (D) Non Dedicated Funds (N) Bank Interest (E) Currency Impacts (G) Donation from Social Enterprise (SE) Income |
VND | US$ | ₤ | Funds last period 2023 ₤ |
|---|---|---|---|---|
| 454,000,000 327,818,543 196,174,495 3,617,012 50,000,000 1,031,610,049 |
18,412 13,025 7,990 143 1,969 41,540 |
14,525 10,217 6,304 113 1,556 32,715 |
8,081 13,522 3,397 36 3,332 28,368 |
|
| INCOME | 1,031,610,049 | 41,540 | 32,715 | 28,368 |
| Expenditure Employee Salaries Director Operations Training Team Salary Marketing Associate Salary Finance Associate Salary Accountant Expert Pool Cleaner Salary Security Salary Social Insurance Tet bonuses Bonus for Supervisor Bonus for Training Manager Bonus for Director Operations Bonus for assistant Sick Pay Total Salaries Labour Expenses Staff teambuilding Employee Travel Employee Income Tax Total Labour Expenses Swim Program Expenses Swim Teacher Salary Supervisor Salary Program Transport Kids Outfits Staff Uniforms Pool Equipment Pool Maintenance Chemicals Office Certificates Marketing Website Competition Support for Schools Meeting with Government Total Swim Program Expenses Other Teacher Training Thang Binh Swimming Pool Bac Tra My Swimming Pool WS Project Bank charges Estimated expenses for attending in WCDP 2023 Total Other Currency Bank Accounts Currency Differential Total Currency Effect* |
183,400,000 105,441,000 68,641,000 95,200,000 20,000,000 46,400,000 10,100,000 93,312,000 46,800,000 - - - - 4,000,000 673,294,000 8,000,000 6,600,000 14,995,000 29,595,000 148,650,000 27,000,000 35,353,000 17,325,000 10,525,000 23,130,000 94,834,276 55,810,000 28,457,000 2,520,000 1,861,894 3,452,266 12,920,000 5,300,000 23,000,000 490,138,436 36,500,036 - - 3,400,000 351,600 2,390,136 42,641,772 2,572,039 - 2,572,039 |
7,320 4,204 2,740 3,799 794 1,850 403 3,719 1,907 - - - - 161 26,896 320 263 594 1,178 5,903 1,070 1,404 684 417 919 3,765 2,217 1,141 100 74 139 516 216 940 19,504 1,454 - - 134 14 98 1,700 102 8,918 9,020 |
5,726 3,292 2,144 2,973 616 1,447 315 2,913 1,500 - - - - 127 21,053 250 206 456 913 4,576 842 1,091 549 333 734 2,934 1,745 888 78 57 106 407 170 744 15,255 1,132 - - 106 11 77 1,326 80 2,916 2,996 |
5,372 3,193 2,031 2,783 1,481 323 2,956 1,496 - - 472 434 18 20,559 401 1,416 1,817 10,536 1,359 - 1,020 238 3,481 2,429 2,257 589 65 - 208 186 39 22,407 963 450 1,448 81 22 3,009 6,013 212 7,089 7,301 |
| TOTAL EXPENSES | 1,238,241,247 | 57,429 | 40,873 | 58,058 |
| SURPLUS (DEFICIT FOR YEAR TO DATE) | (184,631,198) | (15,889) | (8,159) | (29,690) |
Big Differences between budget and expenditure
Income was higher because we received the deposit from Hoi An Education Department during 2019 to 2023, and we had more fundraising and supporters. We had 2 savings account received the higher interest from the banking.
Pool maintenance and pool Equipment were higher than expected due to repairs the pool system to Tam Ky and we had more pools to be opened the swimming lessons in Bac Tra My Swim Teacher Salary was lower than expected as some pools did not do swim lessons
The USD had huge fluctuations in 2024 which lead to large USD/VND currency differential
Bac Tra My Swimming Pool, it splited the BTM expenses into their categories
We had not the project in Thang Binh through Swim Vietnam this year
Accounts for Swim Vietnam Balance Sheet As at 31st Dec 2024
| Accounts for Swim Vietnam Balance Sheet As at 31st Dec 2024 |
|||
|---|---|---|---|
| VND | US$ | ₤ | |
| Assets 31/12/2023 Cash Vietnam Current Bank Account VND Vietnam Current Bank Account USD Vietnam Savings Bank Account(1 year) Vietnam Savings Bank Account (1 year-PSS funds) UK Bank Account Paypal Account Total Bank Account Total Assets 31/12/2023 Surplus (Deficit) Year to Date 2024 Assets 31/12/2024 Cash Vietnam Current Bank Account VND Vietnam Current Bank Account USD Vietnam Savings Bank Account (3 months) Vietnam Savings Bank Account (6 months) Vietnam Savings Bank Account (6 months-PSS funds) Vietnam Savings Bank Account (1 year-PSS funds) UK Bank Account Paypal Account Total Bank Account Total Assets 31/12/2024 Total Net Assets |
(12,281,924) 18,513,806 911,363 1,000,000,000 1,200,000,000 22,326,641 579,171 2,242,330,981 2,230,049,057 (184,631,198) 1,032,800 97,109,541 54,479,916 300,000,000 300,000,000 500,000,000 700,000,000 89,092,991 3,702,612 2,044,385,060 2,045,417,860 2,045,417,860 |
506 - 763 38 40,921 54,000 920 24 96,666 96,159 (15,889) 41 3,811 2,138 11,773 11,773 19,622 27,471 3,496 145 80,230 80,270 80,270 |
398 - 599 30 32,374 38,849 723 19 72,593 72,195 (8,158) 32 3,040 1,706 9,392 9,392 15,654 21,915.34 2,789.29 115.92 64,005 64,037 64,037 |
Signed by one of the Trustees on behalf of all of the trustees
Date of Approval
11/6/2025
INDEPENDEI%T EXANIINER'S REPORT TO THE TRUSTEES OF SWIM VIETf4AM I repor( on the accounts of the chariry for the year ended 31 DecemFKr 2024 Respective responsibilitie5 of trnstees and examiner The chariry'5 trustees are rc5POTL5ible foi thc ptcparaiion of the accounts in acLoid¢ince with Ihc Terms of the Chsrities #nd Trustee Investment (Scotland) A¢i 2(M)5 artd the Chatities A¢counts (Scotld) Regulations 2(Kkn. The charity trustees consider thai the audii requirement of RegulatiDn l 011) (d) of the 21X)6 AccounLs Rcgulauons dtyes noi apply. Ii is my responsibility to cxamine thc ac¢ounts as required und¢r s¢¢tion 44(1) {c) of th¢ Act and to sthte whether particular manets have come 10 my aiiention. Basis of Indendert[ examiner's siatemeni My eKaminaiion is carried out ID accordance with Regulaiion I l of the 2(Xh Accounts Regulations. An examinJtion includes a view. of the accounting records kept by the charity a]Mt a compansoA of the accounis piesen(ed wlth those records. I( also includes considerdtion ol any unusual items or 'disclosures in the accounLS and.seek5 explanatlOT]s rnom the t$[ee& concerning any such tnatters. The pr(Kedutes ulldertakcn do not piovide att the cvidence that would be iequired in an audit and consequently I do noi express an audli opinion on the N'iew given by the accounts. Independent exarniner's statement tn (he course of my examination, no matier has come u) my atteniion l. Which gives me aSonable cause to believe thai in any material respeci the requirements: . To keep accounting records in accordance with Section 4411) (al of the 2005 Act and Regulation 4 of the 26 Aecounis Regulations . To prepare accounls which accord with the accounting records and COJDply with Regulation 9 of the 2(1)6 Accounts Regulaiions haye noi been mei. or 2. To .Ch, in my opinion. allention should be drawn in Ord to enable a proper understanding of th¢ dLcounts to . reachcd.