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) ChaIrper￿n 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 Tn￿tee 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 Viets￿M 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 I￿eaSe 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 per￿d 1.330 children taught to swim in 2024. 35.317 children since inception. 80 tead￿rS 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 r￿1Ved the education from other organisations who Swim w￿l￿am have trained to FKovide the water safety educats'on.) In 2024, a5 well as our work in Quang Nam Province, Central Vietnam, Sv￿rn Vietnam made significant strides in our mission to enhance drowning prevention across the county. Our initiatives reached numerous communit￿S, particulady in rural areas, where access to swim education has trad￿onallY 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 organiZat￿n5 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 t￿￿tee9 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 (Scotl￿d) 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 Inde￿ndert[ 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 2￿6 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.