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THE SWANSEA BAY FOUNDATION

Registered charity 1201171 · accounts filings on the Charity Commission register

The Swansea Bay Foundation aims to strengthen local places and improve lives, by providing grants and donations to groups and good causes that make a real difference to people across the Swansea Bay Area which covers Neath-Port Talbot, Carmarthenshire, Swansea and Pembrokeshire.

Causes: General Charitable Purposes · website · Get email alerts

Latest income
£65k
Latest spending
£65k
Registered
2022
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity held unrestricted reserves of £12,949 at the end of the period, which the trustees consider sufficient to cover fixed costs for a 12-month period. The charity's financial position is noted to be dependent on the goodwill of donors, with the principal risk identified being that donors no longer wish to fund it. No audit was required as the charity is entitled to exemption under the small companies regime.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: sufficient reserves to cover its fixed costs for a 12-month period (held: £13k)
“The Charity maintains sufficient reserves to cover its fixed costs for a 12-month period (such costs being minimal) and to cover any ongoing commitments.”
Per its FY2025 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“The Charity will always be dependant upon the goodwill of its donors to continue its work in the local community.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Carmarthenshire · City Of Swansea · Neath Port Talbot · Pembrokeshire

Income and spending

Financial year endIncomeSpending
31/03/2025£65k£65k
31/03/2024£88k£74k

Common questions

Is THE SWANSEA BAY FOUNDATION financially healthy?

Per its FY2025 accounts: The accounts state that the charity held unrestricted reserves of £12,949 at the end of the period, which the trustees consider sufficient to cover fixed costs for a 12-month period. The charity's financial position is noted to be dependent on the goodwill of donors, with the principal risk identified being that donors no longer wish to fund it. No audit was required as the charity is entitled to exemption under the small companies regime. Its FY2025 accounts were independently examined.