REGISTERED COMPANY NUMBER: 07284634 (England and Wales)

REGISTERED CHARITY NUMBER: 1139720

HSG SWALLOWS FOUNDATION

(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026

Page

Report of the Trustees

1

Statement of Financial Activities

2

Balance Sheet

3

Notes to the Financial Statements

4

to

6

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 28 February 2026. The trustees have adopted the provisions of 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).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07284634 (England and Wales)

Registered Charity number

1139720

Registered office

c/o Cox Costello & Horne

7 St. Johns Road

Harrow

HA1 2EY

Trustees

L T Arnold Director

T J Swallow Director

S Tredgold Director

Company Secretary

S Tredgold

CESSATION OF TRADING

The charitable company ceased activities on 28 February 2014.

Approved by order of the board of trustees on 28 August 2026 and signed on its behalf by:

S Tredgold - Trustee

28.2.26

28.2.25

Unrestricted

fund

Total funds

Notes

£

£

EXPENDITURE ON

Charitable activities

Support

124

101

NET INCOME/(EXPENDITURE)

(124

)

(101

)

RECONCILIATION OF FUNDS

Total funds brought forward

6,400

6,501

TOTAL FUNDS CARRIED FORWARD

6,276

6,400

28.2.26

28.2.25

Unrestricted

fund

Total funds

Notes

£

£

CURRENT ASSETS

Cash at bank

6,276

6,501

CREDITORS

Amounts falling due within one year

5

-

(101

)

NET CURRENT ASSETS

6,276

6,400

TOTAL ASSETS LESS CURRENT LIABILITIES

6,276

6,400

NET ASSETS

6,276

6,400

FUNDS

6

Unrestricted funds

6,276

6,400

TOTAL FUNDS

6,276

6,400

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 28 August 2026 and were signed on its behalf by:

S Tredgold - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The charitable company remains inactive and accordingly the financial statements are prepared on a basis other than that of a going concern. The financial statements have been prepared on a break-up basis at the year end. In adopting the break-up basis at the year end the following policies and procedures were implemented.

- all assets have been disclosed at values at which they are expected to be realised

- all liabilities reflect the full amount at which they are expected to materialise

Going concern

As the charitable company is inactive, the trustees consider it inappropriate to prepare the financial statements on a going concern basis and therefore the trustees have prepared these financial statements on a break-up basis as set out above under the basis of preparation.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 28 February 2026 nor for the year ended 28 February 2025.

Trustees' expenses

There were no trustees' expenses paid for the year ended 28 February 2026 nor for the year ended 28 February 2025.

3.	STAFF COSTS

The average number of employees during the year was 0 (2025 - 0).

4.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

EXPENDITURE ON

Charitable activities

Support

101

NET INCOME/(EXPENDITURE)

(101

)

RECONCILIATION OF FUNDS

Total funds brought forward

6,501

TOTAL FUNDS CARRIED FORWARD

6,400

5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade creditors

-

101

6.	MOVEMENT IN FUNDS

Net

movement

At 1.3.25

in funds

At 28.2.26

£

£

£

Unrestricted funds

General fund

6,400

(124

)

6,276

TOTAL FUNDS

6,400

(124

)

6,276

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

-

(124

)

(124

)

TOTAL FUNDS

-

(124

)

(124

)

Comparatives for movement in funds

Net

movement

At 29.2.24

in funds

At 28.2.25

£

£

£

Unrestricted funds

General fund

6,501

(101

)

6,400

TOTAL FUNDS

6,501

(101

)

6,400

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

-

(101

)

(101

)

TOTAL FUNDS

-

(101

)

(101

)

7.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 28 February 2026.

8.	ULTIMATE CONTROLLING PARTY

The charitable company is limited by guarantee with not having a share capital. The charity is controlled by its members as a group. The directors consider that the charitable company has no ultimate controlling party. There has been no change between the reporting date and date of approval of the financial statements.

9.	COMPANY LIMITED BY GUARANTEE

Every member of the company undertakes to contribute such amount as may be required, not exceeding £10, on the event of winding up or dissolution of the company and after the satisfaction of all its debts and liabilities, there remains any property whatsoever, the same shall not be paid to or distributed among the members of the company, but shall be transferred to some other institution having objects similar to the company.