THE SWIVEL CLUB
To relieve financial hardship, sickness and poor health amongst any person who needs it by reason of age,ill health, disability, financial hardship in Higham Ferrers and the Surrounding areas.
Objects
1) TO RELIEVE FINANCIAL HARDSHIP, SICKNESS AND POOR HEALTH AMONGST ANY PERSONS WHO NEED IT BY REASON OF AGE, ILL HEALTH, DISABILITY, FINANCIAL HARDSHIP OR OTHER REASON, PRIMARILY, BUT NOT LIMITED TO, WITHIN HIGHAM FERRERS AND THE SURROUNDING AREAS.2) TO FURTHER SUCH PURPOSES AS ARE EXCLUSIVELY CHARITABLE WITHIN THE LAWS OF ENGLAND AND WALES AS THE TRUSTEES IN THEIR DISCRETION DETERMINE, IN PARTICULAR BY MAKING GRANTS AND PROVIDING EQUIPMENT TO CHARITIES AND VOLUNTARY ORGANISATIONS TO BENEFIT THE WIDER COMMUNITY.FOR THE PURPOSES OF THIS CLAUSE: • CHARITIES ARE ORGANISATIONS, WHICH ARE ESTABLISHED FOR EXCLUSIVELY CHARITABLE PURPOSES IN ACCORDANCE WITH THE LAW OF ENGLAND AND WALES. • VOLUNTARY ORGANISATIONS ARE INDEPENDENT ORGANISATIONS, WHICH ARE ESTABLISHED FOR PURPOSES THAT ADD VALUE TO THE COMMUNITY AS A WHOLE, OR A SIGNIFICANT SECTION OF THE COMMUNITY, AND WHICH ARE NOT PERMITTED BY THEIR CONSTITUTION TO MAKE A PROFIT FOR PRIVATE DISTRIBUTION. VOLUNTARY ORGANISATIONS DO NOT INCLUDE LOCAL GOVERNMENT OR OTHER STATUTORY AUTHORITIES.
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds increased from £125,912 to £133,378 during the year, driven by a net income of £10,311. The charity holds £127,260 in cash at bank and has minimal current liabilities of £850, indicating strong liquidity. The independent examiner confirmed that no material matters came to attention regarding the accounts or accounting records.
What the accounts disclose
Register events
- Received assets from another charity (18/01/2020)
Trustees
- Christopher Peter O'Rourke
- Maurice Waters
- RODNEY WATERFIELD
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £52k | £42k |
| 31/12/2023 | £52k | £42k |
| 31/12/2022 | £50k | £51k |
| 31/12/2021 | £27k | £17k |
| 31/12/2020 | £134k | £29k |
Common questions
Is THE SWIVEL CLUB financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds increased from £125,912 to £133,378 during the year, driven by a net income of £10,311. The charity holds £127,260 in cash at bank and has minimal current liabilities of £850, indicating strong liquidity. The independent examiner confirmed that no material matters came to attention regarding the accounts or accounting records. Its FY2024 accounts were independently examined.