## **Swaddle Lanarkshire**
**Charity No. SC046317 Company No. SC511215**
**Trustees' Report and Unaudited Accounts 31 July 2025**
**Swaddle Lanarkshire CONTENTS**
||Pages|
|---|---|
|Trustees’ Annual Report|2-4|
|Independent Examiners Report|5|
|Statement of Financial Activities|6|
|Summary of Income and Expenditure|7|
|Balance Sheet|8-9|
|Notes to the Accounts|10-16|
**Page 1**
**Swaddle Lanarkshire TRUSTESS ANNUAL REPORT**
## **ACHIEVEMENTS AND PERFORMANCE**
Swaddle Lanarkshire continues to pioneer a sustainable, circular retail model for expectant parents and families across South Lanarkshire. Our mission to offer a high-quality second-hand shopping experience and empower families to raise their children in a budget-friendly, planet-friendly, and community-driven way. Our commitment to sustainability and community impact remains at the heart of everything we do.
## **Financial and Operational Performance**
The 2024/25 financial year marked a period of steady growth, consolidation, and important strategic development for Swaddle. Total income rose to £202,947 (2023/2024 £170,487). 88% of total income was generated through shop sales, highlighting Swaddle’s strong trading model and low reliance on external funding.
Shop sales increased by 14% year-on-year, supported by both growth in customer numbers (6.7%) and an increase of 7% of average spend per customer, reflecting ongoing improvements to our retail approach and responsiveness to customer needs.
## **Key Achievements**
• Achieved **14.3% growth in shop sales** , increasing from £156,975 to £179,477, reflecting improvements in our retail approach and enabling more families to access affordable essentials while supporting the continued growth of a local reuse system.
• Maintained strong donation levels, with **1,977 families contributing items** , increasing the volume of goods processed from **16.9 tonnes to 17.7 tonnes year-on-year** , building on the significant growth achieved in the previous year.
• Further embedded our community programmes under the **Swaddle Together** umbrella, supported by a second year of Community Mental Health & Wellbeing Fund funding, providing **financial support, peer support for perinatal mental health, and opportunities for mums to build confidence and connection through volunteering** .
• Relaunched our **Mum & Baby Group as a weekly,** more intimate **support space for mums requiring additional support** , led by trained staff and volunteers.
• Re-established **volunteering as a core part of our model** , with around **79 individuals contributing 748 hours** across the year to support both shop and hub operations. Feedback from our _Mum Wellbeing & Volunteering_ programme showed **100% of respondents reported improved wellbeing and confidence** .
• An online customer survey (February 2025) gathered **205 responses** , with **65% of respondents reporting reduced financial stress due to having access to Swaddle for essential items** , and **66% feeling more connected to their community** .
• In May 2025, secured **multi-year funding** , enabling Swaddle to build on the progress made during the year and prepare to move into its 10th year of trading with plans for shop refurbishment, development of online sales, and improved operations, strengthening our position as a leading circular economy service for families in South Lanarkshire.
**Page 2**
**Swaddle Lanarkshire TRUSTESS ANNUAL REPORT**
## **FINANCIAL REVIEW**
## **Annual Review of Activities**
The financial statements show the overall position of the charity at 31 July 2025 and its income and expenditure for the period ended that date. The funds show total income of £202,947 (2024 - £170,487) and expenditure of £197,325 (2023 – £182,134). This represents a surplus for the year of £5,919 (2024 – deficit £11,647). Grant funding for the year was £23,470 compared to £6,586 in 2023. Funds carried forward at the end of the year total £78,080 (2024 - £72,161) and this is shown on the Balance Sheet.
## **FUTURE PLANS**
Looking ahead to 2025/26, Swaddle will enter a new phase of growth as it marks its **10th year of trading** , building on the strong performance and foundations established during the year. With multi-year funding now secured, work has commenced on delivering key developments that will strengthen both our impact and long-term sustainability.
Our priorities for the year ahead include:
- **Shop refurbishment** , creating an improved retail environment to enhance customer experience and support
- continued sales growth.
- **Development of our online sales channel** , increasing accessibility for families and creating new, sustainable
- income streams.
- **Expansion of our Hub operations** , improving our capacity to process donations and increase the volume of items
- kept in circulation.
- **Strengthening Swaddle Together** , continuing to support families through volunteering, wellbeing programmes,
- and targeted support initiatives.
- **Growing our team and operational capacity** , ensuring we have the skills and structure in place to deliver our next
- phase of development.
- **Further embedding circular economy principles** , with a focus on making reuse the first choice for more families
- across South Lanarkshire.
With these developments, Swaddle is well positioned to strengthen its role as a leading circular economy service for early years families, increasing both its reach and impact across the community as it enters its next decade.
**Page 3**
**Swaddle Lanarkshire TRUSTESS ANNUAL REPORT**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
Swaddle Lanarkshire is a registered company limited by guarantee. The charity was formed under a Memorandum of Association which established its objects and powers and is governed under its Articles of Association dated 20 July 2015 and the resolution dated 25 January 2016. The charity was incorporated on 20 July 2015 with company number SC511215 and was registered with OSCR as having charitable status from 4 February 2016, with the charity number being SC046317.
## **Recruitment and appointment of new trustees**
The Trustees of Swaddle Lanarkshire will be appointed from time to time in accordance with the Memorandum and Articles of Association. Any Trustee as aforesaid who ceases for any reason to be a Trustee of Swaddle Lanarkshire on the date of such cessation be deemed to have resigned as a Trustee of Swaddle Lanarkshire. The Trustees are familiar with the Memorandum and Articles of Association and they have been made acquainted with the charity's procedures.
## **Organisational structure**
The present Trustees are responsible for the development of policy and strategy of the charity. The day to day running of the charity is managed by a General Manager, who is also the founder and Trustee of Swaddle Lanarkshire and has a wide range of responsibilities involving the general management of charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
SC511215 (Scotland)
## **Registered Charity number**
SC046317 Registered office 42 Castle Street Unit 2 Hamilton Towers Hamilton ML3 6BU
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Trustees**
I Boyd J Hagarty R O'Callaghan R Scouller A Smillie S Drumgold – Appointed February 2025
Signed on behalf of the board
## |
Roslyn O'Callaghan (Apr 29, 2026,10:11am) R. O’Callaghan Trustee 27 April 2026
**Page 4**
**Swaddle Lanarkshire INDEPENDENT EXAMINERS REPORT**
## Independent Examiner’s Report to the trustees of Swaddle Lanarkshire
I report on the accounts of Swaddle Lanarkshire for the year ended 31 July 2025 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.
Respective responsibilities of the trustees and examiner
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Regulations 2005 and the Charities Accounts (Scotland) Regulations 2006. The trustees consider that an audit is not required for this year under the Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations.
As examiner it is my responsibility to:
- examine the accounts under s.44(1) (c) of the Charities and Trustee Investment (Scotland) Act 2005;
- to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the views given by the accounts.
## Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations
- to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations
have not been met: or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## Caroline Hernandez
Caroline (Apr 29, 2026, 6:38am) Caroline Hernandez ACCA
2/4 12 Glencairn Drive
Glasgow
G41 4QN
27 April 2026
**Page 5**
## **Swaddle Lanarkshire**
## **STATEMENT OF FINANCIAL ACTIVITES For the year ended 31 July 2025**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Other trading activities
5
**Total**
**Expenditure on:**
Charitable Activities
6
Other
7
**Total**
Net gains on investments
**Net income/(expenditure)**
**Net income/(expenditure)**
**before other gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**Funds**
**2025**
**£**
23,470
179,477
202,947
195,090
2,235
197,325
-
5,919
5,919
-
5,919
72,161
78,080|**Total**
**Funds**
**2025**
**£**
23,470
179,477
202,947
195,090
2,235
197,325
-
(11,647)
(11,647)
-
(11,647)
72,161
78,080|**Total**
**Funds**
**2024**
**£**
13,512
156,975|
|---|---|---|---|
||||170,487
179,899
2,235|
||||182,134
-|
||||(11,647)|
||||(11,647)
-|
||||(11,647)
83,808|
||||72,161|
**Page 6**
## **Swaddle Lanarkshire SUMMARY INCOME AND EXPENDITURE ACCOUNT for the year ended 31 July 2025**
|Income
**Gross Income for the year**
Expenditure
Depreciation and charges for
impairment of fixed assets
**Total Expenditure for the**
**year**
Net income/(expenditure) before tax for the year
**Net income/(expenditure) for the year**|**2025**
**£**
202,947
202,947
195,090
2,235
197,325
5,919
5,919|**2024**
**£**
170,487|
|---|---|---|
|||170,487|
|||179,899
2,235|
|||182,134|
|||(11,647)|
|||(11,647)|
**Page 7**
## **Swaddle Lanarkshire BALANCE SHEET at 31 July 2025**
|**Company No. SC511315**
**Notes**
**Fixed Assets**
Tangible assets
10
**Current Assets**
Debtors
11
Cash at bank and in hand
**Creditors**
**Amounts falling due within 1 year**
12
**Net Current Assets**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
13
**Unrestricted funds**
13
General funds
**Reserves**
13
**Total funds**|**2025**
**£**
2,425
2,425
15,045
160,564
175,610
(400)
175,210
177,635
177,635
177,635
99,555
-
78,080
78,080
-
78,080|**2024**
**£**
4.660|
|---|---|---|
|||4,660
22,227
60,866|
|||83,093
(15,590)|
|||67,503
72,163|
|||72,163|
|||72,163|
|||-
-
72,163|
|||72,163
-|
|||72,163|
**Page 8**
## **Swaddle Lanarkshire BALANCE SHEET**
The trustees have prepared the accounts in accordance with section 44 of the Charities and Trustee Investment (Scotland) Act 2005 and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 July 2025 the company was entitles to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to the accounting records and the preparation of the accounts.
Approved by the board on 31 July 2025
And signed on its behalf by:
Roslyn O'Callaghan (Apr 29, 2026,10:11am)
## R. O’Callaghan
Trustee
27 April 2026
**Page 9**
## **Swaddle Lanarkshire NOTES TO THE ACCOUNTS for the year ended 31 July 2025**
## **1. Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their account in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK an Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (variation rules and method of accounting) sine last year and no changes have been made to accounts for previous years.
## **Fund accounting**
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated Funds These are unrestricted funds earmarked by the trustees for a particular purpose. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
Recognition of income Income is included the statement of Financial Activities (SoFA) when the charity become entitles to, and virtually certain to receive, the income and the amount of the income and be measured with sufficient reliability.
## Income with related expenditure
Where income has related expenditure the income and related expenditure is reported gross in the SoFA.
Donations and legacies Voluntary income received by way of grants, donations and gifts is included in the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on donations and gifts
Income from the tax reclaims is included in the SoFA at the same tome as the gift/donation to which it relates.
**Page 10**
## **Swaddle Lanarkshire NOTES TO THE ACCOUNTS Expenditure**
Donated services and facilities
These are only included in income (with an equivalent amount in expenditure where the benefit to the charity is quantifiable, measurable and material.
Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.
Expenditure on raising funds These comprise the costs associated with attracting voluntary income, fundraising trading costs and investment management costs.
Expenditure on charitable activity
These comprise the costs incurred by the charity in delivery of its activities and services in the furtherance of its objectives, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual from grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.
## **Going concern**
The trustees consider that there are no material uncertainties about the charities ability to continue as a going concern.
## **Presentation currency**
The financial statements are presented in pound sterling (£), which is the functional currency of the charity.
## **Taxation**
The Charity is exempt from corporation tax on its charitable activities.
## **Tangible fixed assts and depreciation**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Computer equipment 25% Straight line Fixtures and Fittings 25% Straight line
**Page 11**
**Swaddle Lanarkshire NOTES TO THE ACCOUNTS**
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease
## **Pension costs**
The charity operates a defined contribution plan for its employees. The contributions are recognised as an expense when they fall due.
## **2. Company Status**
The company is a private company limited by guarantee and consequently does not have share capital.
## **3. Statement of Financial Activities – prior year**
|**Income and endowment**
**from:**
Donations and legacies
Other trading activities
**Total**
**Expenditure on:**
Charitable activities
Other
**Total**
**Net income**
**Net Income Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brough forward
**Total funds carried forward**|**Unrestrictd**
**Funds**
**Restricted**
**Funds**
**2024**
**2024**
**£**
**£**
13,512
-
156,975
-
170,487
179,899
-
2,235
-
182,134
-
(11,647)
-
(11,647)
-
(11,647)
-
83,808
-
72,161
-
**Page 12**|**Total**
**Funds**
**2023**
**£**
6,586
150,292|
|---|---|---|
|||156,878
139,601
816|
|||140,417|
|||16,461|
|||16,461|
|||16,461
67,347|
|||83,808|
||||
**Swaddle Lanarkshire NOTES TO THE ACCOUNTS**
|**4. Income from donations and legacies**
Grants – restricted
**5. Income from other trading activities**
Shop Income
**6. Expenditure from trading activities**
Operational Costs
Staff Costs
Community Programme Expenses
Computer and IT costs
Professional & Financial Costs
_Governance costs_
Independent Examination Fee
**7. Other expenditure**
Depreciation|**Unrestricted**
**£**
178,949
178,949
**Unrestricted**
**£**
51,345
136,692
639
632
5,485
-
195,090
**Unrestricted**
**£**
2,235
2,235|**Total**
**2025**
**£**
99,555
99,555
**Total**
**2025**
**£**
178,949
178,949
**Total**
**2025**
**£**
51,345
136,692
639
632
5,485
-
195,090
**Total**
**2025**
**£**|
**Total**
**2024**
**£**
13,512
13,512
**Total**
**2024**
**£**
156,975
156,975
**Total**
**2024**
**£**
49,586
118,690
216
1,456
9,951
-
179,899
**Total**
**2024**
**£**
2,235
2,235|
|---|---|---|---|
**Page 13**
## **Swaddle Lanarkshire NOTES TO THE ACCOUNTS**
## **8.Trustee’s remunerations and benefits**
|Trustees’ salaries
Trustees’ pension contributions|**Total**
**2025**
**£**
27,790
647
28,437|**Total**
**2024**
**£**
25,600
581
26,181|
|---|---|---|
All Trustee Remuneration and Benefits shown are in relation to the regular remuneration for the role of general manager of the enterprise.
There were no trustees’ expenses paid for the year ended 31 July 2025 nor the year ended 31 July 2024.
## **9. Staff costs**
|**9. Staff costs**|||
|---|---|---|
|Wages and salaries
Staff pension costs
Staff Gifts|**2025**
**£**
106,325
1,747
-
108,072|**2024**
**£**
90,880
1,334
-|
|||89,564|
No employees received emolument in excess of £60,000.
## **10. Tangible fixed assets**
|**Cost or**
**revaluation**
At 1 August 2024
At 31 July 2025
**Depreciation and**
**impairment**
At 1 August 2024
Depreciation charge for year
At 31 July 2025
**Net Book Values**
At 1 August 2025
At 31 July 2024|**Computer**
**Equipment**
**£**
650
650
650
-
650
-
-|**Fixtures**
**and**
**Fittings**
**£**
10,939
10,939
6,279
2,235
8,514
2,425
4,660|**Total**
**£**
11,589|
|---|---|---|---|
||||11,589|
||||6,279
2,235|
||||8,514|
||||2,425|
||||4,660|
**Page 14**
**Swaddle Lanarkshire NOTES TO THE ACCOUNTS**
## **11. Debtors**
|VAT recoverable
Other debtors
Prepayments and accrued
income|**2025**
**£**
1,486
12,101
1,458
15,045|**2024**
**£**
1,567
19,410
1,250|
|---|---|---|
|||22,227|
## **12. Creditors: amounts falling due within one year**
|Other creditors
Accruals and deferred
income
**13. Movement in funds**
**Restricted funds**
**Unrestricted**
**funds:**
**General funds**
**Revaluation**
**Reserves**
**Total**
**funds**|
**At 1 August**
**2024**
**£**
-
72,161
-
72,161|
|**2025**
**£**
-
400
400
**Incoming**
**resources**
**£**
-
202,947
-
202,947|**2024**
**£**
10,971
4,619
15,590
**Resources**
**Gross**
**expended**
**transfers**
**£**
**£**
-
-
(197,028)
-
-
-
(197,028)
-|**At 31 July**
**2025**
**£**
-
78,080
-|
|---|---|---|---|---|---|
|||||||
||||||78,080|
**Page 15**
**Swaddle Lanarkshire NOTES TO THE ACCOUNTS**
## **14. Analysis of net assets between funds**
|Fixed Assets
Net current assets|**Unrestricted**
**funds**
**£**
2,425
75,655
78,080|**Restricted**
**funds**
**£**
-
99,555
99,555|**Total**
**£**
2,425
175,210|
|---|---|---|---|
||||177,635|
## **15. Commitments**
## Operating lease commitments
Annual commitments under non-cancellable operating leases are as follows:
|Operating leases with expiry date:
Within 1 year
Between 1 and 5 years
Pension commitments
Pension costs to the company:|**Land and**
**Buildings**
**2025**
**£**
-
-
-|**Other**
**2025**
**£**
-
-
-
**2025**
**£**
2,394|**Land and**
**Buildings**
**2024**
**£**
-
-
-|**Other**
**2024**
**£**
1,228
-
1,228
**2024**
**£**
1,915|
|---|---|---|---|---|
## **16. Related party disclosures**
## Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
**Page 16**
## **Issuer**
## Caroline Hernandez
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## **Document processed**
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## **Audit history log**
## **Date**
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