R•gi$tered number.. 03036897 Charity number: 1047075 MARCHES FAMILY NETWORK UNAUDrrED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 WR Partners Protecting your future.
IIARCHES FAMILY NETWORK {A company limft•d by guarant•el CONTENTS Pag8 R•for•nco and admlnl$tratlv• d•t•lls of tho ¢harltabl• company. its Trustees and advlsers Tru$tse8' roport Indep•nd•nt •xamln•rf$ r•port Statement ol flnanclal actlvltles Bal•n¢• sh•*t Not•s to th• financlal stat•m•nt8 9-19 The following pages do not fomi part of the stslulory finanrial statements.. Charlty Dotall•d In¢om• •nd ¢xp•ndlturn a¢¢ount and iumm•rl•s
IAARCHES FAMILY NETWORK (A company Ilmlled by guarante•) REFERENCE AND ADMINISTRATIVE OEfAILS OF THE CHARrrABLE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021 Trust••s Mr G A Cr8ne. Trustee Mrs N L Morgan. Trustee Mis R A Chambers. Trustee {oppointed 18 J8nuary 2020. resigned 12 Octob8T 20211 Mr D M Jackson. Trustee (appoint 18 January 2020 Ms J Roberts. Trustee (app)inled 19 April 2021, resigned 14 November 20211 Company r•gl$tor•d numbor 03036897 Charlty r•glst•rnd number 1047075 R•glst•r•d offlc• 11 C(Yn Square Leominsler Herefordshire HR6 8YP Accountsnts WR Partners Ch8rtere(1 AcuntantS Belmont House Shrewsbury Bus1r Park Shrewsbury Shropshire SY2 6LG Page 1
MARCHES FAMILY NETWORK {A company Ilmlted by guarantsel TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2021 The TnJstg8s present their annual rewt together with the finandal $tslements of the charitable cx)mpany for the 1 April 2020 to 31 March 2021. The Annual report SeeS the purw$es of both a Trustees. report and a directors. report under company law. The Tnjstees confirm Ihal the Annual report and financial statements of the charitsble company comply with the wrrenl stalulory requirements, the requir8monls of the charitable companls goveming document and the provisions of the Statement of Recommended Practice ISORPI applicable to charities prep8ring their accounts in accordance with the FSnanclal Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 (effective 1 January 2019). Slnce the charltable company qualifies as small under seclion 382 of the Companies Act 2006, the Slr81egic report required of medium and iarge companies under Ihe Companios Acl 2006 Islrategic Report and Dirgclors, Reportl Regulations 2013 has been omitted. ObJ•etlv•s Ind actfviths Pollclos and obJe¢tlv•• The ch8rity'8 oble¢tive8 and its principl8 actNilies continue lo be to offer (¥re and support lo chlldren and young people with a disabilty or additional need, within the context of their f8mllies. by providing soclal, lelsure. play and In¢s1on opportunities and family support. b. Maln actlvltles und•rtak•n to furth•r the ch•rhablè company's purpos•s for tho publlc b•n•flt Morthes F8mSly Netsvork delivers an extensfve Tange of ch8rit8ble 8ctivfti8s that dellver publlc benefit. The Trustees have referred to Ihe guKlance contained in the Charity CommissK)n's general guidance on public ben8fil when revièwing Ihe charity's 8ims and objectives and in pbanning its fulure activlties. In particular, they have considered how planned activities will contribute lo the aims and objeth'ves they h8ve sel. Page 2
MARCHES FAMILY NETWORK (A company Ilmtt¢d by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Achl¢vomonts and performance a. Maln achlevements of th• Chatab Company Marches Famity Nefvrk has continued to offer qualty respite on Salurdays. 8fter school and in school holldays for children and young people with disabilit5 or additional rds. The programme of activities includes Saturday 8clivily days. across Herefordshire, a summer èctivity scheme. Salufday and summer day trip5. after school youth clubs and a range ol inclusive activities oiganised in partnership wth other org8ni$alions. However, the number of actlvilie5 held was unfortunately lower thèn previous years due lo Ihg pandtsmlc. The core activities of the charity continue lo bts the provision of Saturday aclivlty days for children and young people aged 3-25 years vtho have a disability or additional needs which wesent a barrier lo them accessing universal provision and lerm-lime after school youth clubs. These sessicS are fully supported by our well- tralned workers 8n<l volunteers, enabllng parents and carers lo enjoy some respite lime. Regular days trips are also provided which give parents an extended bleak and enables the young people lo venture further afigld ané gxperience rthv places. developing theif Independence and confidence, and our summer scheme ensures that the young people have somewhere saf8 10 go in the long school holidays. vthere they a safe. welcomed, valued and can enthoy a r8rw ol 8clivflies. Year fouf of the three-ye8r AAarkel Support & Development Contract with HerefordshiTe Council continued, led by the Dgv&lopment Offi¢or. The range of actNities and oxpgriences offered through tho Allinler8cllve programme expanded and Wd0d. This [1(18G1 ¥ri¢J¥d vrl 31¥1 MarLlI 2021. MAny new famllles have been In introducod lo and have rnoislered their thildren, and our Famity Support Officer conty'nued lo provide svJnposlrng, assistsnc* benefft dalm$ and appeals and telepM)ne welfare checks lo support our families during the pandemic. Flnanclal r•vl¢w 4. Golng concem After making appropriate arulO$. Ihe Truslees ve a TeaSorbk expectalion Ihal 1he charitable company has adequate re50Lirces to conlinug in operational existence for the foreseeab future. For thi5 reason, they continue to adopt the going concem basis in preparing the financAal statements. b. Re••rv•8 pollcy The Tnjslees believe that Maintaining an appropriate reserve will provide suffi¢iont rosources in the event of adverse conditions. To this effect, a general rèserve of £45,OLKI is maintained in orcler lo meet our policy requirements of having 3 rnonlhs, running costs sel 85ide a5 a designated fund. Addition81 reserves have been accumulated to strengthen and supporl the funding cycle ol the charity and support the consislenl provision of Services as described above. Al the year end the charity had unTe51ricted funds of £68.325, inckjdlng the desNJnated fund. 12020 £53,876) an(J restricted reserves of £10,432 (2020 £9.4851. Page 3
MARCHES FAMILY NETWORK IA company limited by guarant•e) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Structure, governance and manag•m•nt a. Constitutlon The charily is a company limlled by guarantee not having a share cap4181. The liability of the membors in the event of the company being wound up is limited to a sum not exceeding £1. The company was incorporated on 23 March 1995 - Number 03036897. The company is a registered charity - number 1047075. The company was Sel up by a Trust deed. b. Mothods of appointm•nt or •l•ctlon of Trustses The managemenl of tho company 18 thè responsibility of the Truslees, wtho are a0 directors of the chorily for the purposes of the Companie$ Act, who are eknted and CAXlPted under the lemis ol the TrLtsl deed. ¢. Organlsatlonal strudur• and d•clslonwmaklng poll¢l•s The truslees meet regularty lo manage the charity's affairs and fundvrnising initialives. The stsff manage the day lo day adrninislralion of the charity. The Charity also relies on vc4unleers in order to fully meet the cornmitmonts of the charfty. Appll¢atkn8 from potential IruJteo¥ ar• aought across ¢)ur marketing and adv¥rti$lrv3. All applicatioiis [ revlewed, and successful applicants are then offered tralnlng and support. aloThJ with detallod infomiallon as provided by the Charity Commission, lo ensure they fully understand the 18 of Trustees and aro in a posillon lo fulfil their rolo In o knowwable and professional manner. Trustees receive regular financial reports in order lo manw and provide effective govem8nce In plBnning for the lulure direction of the charity. The directors of the charitable company Itha charity) arg Ils trustees for the puoSe ol charity law. The Iruslees and officers serving during the ye8r and since the yoar end 8re sel ovl in the legal and adminislrative Infom)alion. d. Flnanclal rlsk managemènt The Iruslees activèly review the major, and operational. risk the charity lac8s on a regular basls and belleve that maintaining serveS al or around larg8t levels. rnbined with an annual review of thg controls over key fin8n¢i81 systèms will provide sufficient rgsourc8s in th8 event of adverse conditions. Th8 truslaas confirm that they havè gslablishèd systems lo miligale signrficant risks. Page 4
MARCHES FAMILY NEfwoRK IA company Ilmlted by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Pl¥ns for futurn p•rlod¥ The charity is committed lo expanding and devebping rls rarBJe of setvii*s lo meet the needs of the young people and f8mllies il supports and recognises the need to increase resources. indudlng administrative staff. in order to effèct sustainable growlh. AB an initial stsp theffj h85 been a restrudure of the office administrative staff during the early months of 21122. The trustees recognise that in order to expand the charity il Is desirable lo have larger premises lo be able lo operate from one 511?. This is lo be kept under review. IT security and psseS 8re beSng 8ddress8d through 8 Cr Essentials IT audit with Solsoft and the GDPR aclion plan remains active. Benefits of Ihe new website h8ve included B greater and more effective reach lo potential new families, facility lo P1vre valuable feedback which support fundraising and improved visuals. Benefi18 of the implemenlalion of a single dala base for both staff and families have induded the ability lo Improve GDPR compliancy, record more infomiation regar¢lSng our young Peop and their families lo improve the Servi we offer and the ability lo make contact wlh staff and families in a much more time efflcient manner. stst•m•nt of Trust$. r••pon•lbllltl•¥ The Trustees I0 are 81$0 the dIrectO of the eharilable company for the purposes of company lawl are responslble for pr&p8Mng the Trustees, report ana the finanual statemonts In accordance with appIlble law and Unlled Klngdom Accountlng Standards (United Kingdom GèneT81ty knptod Accounllno Praclicel. Company law requiT6S the Trustees lo prepare financial ststements for each fin8ndal . Under company law. the Trustees must not approve the financial stslements unless Ihey are satisfied that they give a true and fair view of the st81e of affairs of the charitable comp8ny and of ils incoming resources and application of resources, Including ils Income and expenditurè. for Ihot perlod. In preparing these financlol stslements. the Trusteas are requlred lo.. select suit8ble a¢JnIIry FKJlidgs and Ihen apply them consi$tgntty,' obserye the methods and principles of the Charities SORP {FRS 1021.. make judgments and accounting eslimates that are Tea50nable and prudent., stsle 0ther applicable UK Accounting Slandar(Is IFRS 1021 have beon followed, subject lo any matorial departures disclosed and explained in the financaal stslernenls., prepare the financial slatgmgnts on the going conc¢m basls Un8$ It Is inappropriate lo presume Ihal the charitable company 11 continue in business. The Trustees are responsibk for keeping adequate accounting records that are sufficient to show and explain the chBrrtable cDmpany's transactions 8nd disck)se wth reasonablè accuracy al any lime the financlal position of the charitable company and enable them lo ensure Ihat the finanoal ststemenls comply the Companies Act 2006. They are 8150 responsible for salegu8rding the assets of the tharitsble company and hence for tsklng reasonab steps for the prevention and detection of fraud and other irregularities. Appro by ordeT of the members of the board of TTu5tees and signed on their behaff by: A Cran• (Chair of Trustees) Date.. .tot I Page 5
MARCHES FAMILY NETWORK IA MpanY limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021 Independ•nt Examlnarfs Roport to th• TTU$t¢es ot Marches Famlly Nètwork Ilh• charitablo company'} l report lo the charity Trustees on my examin8tion of the aoxjunts of the charitablg tx)mpany for the year ended 31 March 2021. R•sponslbllltl•s and Ba$1$ of R•port As the Trustets of the charitable company land its dlrecaors for thtr purposes of oompany lawl you ar responsible for the preparation of the accLJunts in acrnr(lance with the requirements of the Companies Act 2006 Ilhe 2006 Act'l. Having 581isfied myself th81 the accounts of the charttable company are not required lo be audtted under Part 16 of the 2006 Act and are trligible for independent examination, I report in respect of my examination of the charitable company's a¢Unts carried out undw SeCtn 145 of the charitS Act 2011 I'lhe 2011 A¢t'l. In rrying out my examination I have followefj th8 DITeth"ons given by the Charity Commission under section 14515llbl of the 2011 Acl. Ind•ynd•nt Examln•rf$ Stat•m•nt I have completed my examinalion. I confim that mattèrs have ¢me lo my attention In connection wlh the examination giving me cause to believe.. accounting records were not kept in respèct of the thoritobb mponY a8 requlred by section 386 of the 2006 Acl- Of the aceounls do not aCCOTd vthh those records. or the accounts do not compty wth Iho accounting requlrements of sedion 396 of the 2006 Act other than any requirement that the a¢ccMJnts give o Irue ond faiv view wthich 18 not a matter nSIdered as part of on indopendgnt examination., or the accounts havg not been prepared in 8ceordance wtth the methods antl prfnciples ol th8 Slalement Recomménded Prath'ce for accounting ar reporting by charrties18pplic8ble lo ch8rities preparing their accounts in accordance wilh Ihe Financial Reporting Standard apbIg in the UK and Republic of Ireland IFRS 102}1. I have no concems and have come aerc>SS no other matters in connectton with the examination lo whlch attention should b8 drawn Sn this report in ordèr lo enable a propgr untlerstanding of the accounts lo bg reached. This report is made solely lo the charilablg company's Trustees, as a bLkJy. in accnrdance wlh Part 4 of thè Charities (Accounts and Reports) Regulations 2008. My vKKk has been undertaken so that I might state to the charil8N8 compan$ Trustees matters l am requirod to stato lo them in an Indgpendenl examiner's report and for no other purpose. To Ihe lullesl exient perniitted by law. I do not accept or assume responsibility to anyone other than th8 charilablg company and the charitable companls Trustees as a body, for my vrk or for this report. Signed.. T Lunt WR Partngrs Chartered Accounlanls Belmont House Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG Dated. 2311212021 BA FCCA MIRPM Page 6
MARCHES FAMILY NETWORK (A Company Ilmited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 hlARCH 2021 Unr•$trl¢t•d Restrlcted fund$ fvnds 2021 2021 Total funds 2021 To181 funds 2020 Noto Incom• from: Donations and legacles Charitable activities Investments 53,830 11.241 110,954 27,792 164,7B4 39.033 30 133,883 85,345 100 Total Sn¢om• 65,101 138.746 203,847 279,328 Exp•ndltur• orb.. Raising funds Chari18ble 8Ctivilies 9.786 40.866 9,786 178,665 9,468 235,374 137.799 Tot•1 •xp•ndltur• 50,652 137,799 188,451 244,842 N•t mov•m•nt In funds 14.449 947 15.396 (2b,a74) R•¢on¢lll•tl•n of fund$: Total funds brought forward Nel movement In funds 53.876 14,449 9.485 947 63.361 15,396 88,875 f25,514J Total fund• c•rrl•d forward 68,325 10,432 78.757 63,361 The Statement of Financial Acliwtigs indudes all gains arKS losses T8cogni5od in the year. The noles on pages 9 10 19 fomi part of these financial slatemenls. Page 7
MARCHES FAMILY NETWORK IA company limited by guarantee} REGISTERED NUMBER: 03036897 BALANCE SHE AS AT 31 MARCH 2021 2021 2020 Flxed *s$•ts Tangible assets 6.842 5,367 6.842 5,367 Curr•nt ass•ts Debtor8 Cash al bank and in hand 12 4.696 110,896 9,043 70. 790 115,592 79,833 Crodi¢ors'. 8mounts falllng due within ono ygar 13 {43.677) (27.839) N•t current a•$•t$ 71.915 57,994 Total ass•ts1•8s curr•nl Il•blll¢l•$ 78,757 63,361 Total net a$$•ts 78.757 63,361 Charlty fund8 Restricted funds Unrestricted funds 14 14 10A32 68,325 9,485 53,876 Total funds 78.757 63,361 Th8 charitable eompany was entitl8d to exemption from audit under section 477 of the Companios Act 2006. The members have not required the company to obtsin an audit for the year in queslion in accordance wlh soclion 476 of Companies Act 2006. The Trustèes acknowledge their responsibilithes lor complw'ng wtih the requirements of the Act wth respect lo accounting re¢ords and preparation of finanaal statements. The financial stal&m8nts have been prepared in accordan¢g with the pwsion8 applicable to entili8s sublect to the small companies regime. The financial statements were approved and 8uthorised for issue by the Trustees and signed on their behalf by.. Crane (Chair of Trustees Date.. I711 z4EI The notes on pages 9 to 19 form part ofthese finanaal statements. Page 8
MARCHES FAMILY NETWORK (A ¢ompaDy Ilmlled by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Gèn•ral Infomiatlon Marches Family Network {10470751 is a tharit8ble MpanY in¢orporaled within England and Wales and Its registered office and principle place of business is 11 Com Squa, Leorninsler. Herefordshire. HR6 8YP. Accountlng pollcl•s 2.1 8asl8 of pr•paratlon of flnanclal statsments The financial statements have been prepared in acctydarKe vAth the Charitie5 SORP IFRS 1021- Accovnling and Reporting by Charities.. Stslement of Recommended Practice 8pplicable to charities preparing their a¢¢ounls in accordance with the Financial Reporti'ng Standard applicable in the UK and Republic of Ireland {FRS 1021 lupdale effective 1 January 20191. the Financi81 Reportlng Standard applICab in the UK and Republic of Ireland IFRS 1021 and the Companies Ad 2006. Marches Family Nehvork me6ls the definition of a public benefit entity untler FRS 102. Assets and liabilities are inili8lly recognised at historical cost or transan value unless otherwise slated in the relevant occounting poficy. 2.2 In¢om• All Income is recognlsed onee the charitable company hos gnttuement to the Income, 11 is probable that the income wlll be received and the #rmunl of income TP1Vable can be measured rellabty. Grants are included in the Statement of finanrAal aclivilies on a recelvable basls. The balance of Income received for specffic pvryx)ses bul not expended during the period is shown in the relevant funds on the Balance shegt. Where inwme is ceiVed In advance of entitlement of r8c&ipl, Ils recognition is deferred and irbduded in creditors as deferred income. Where enlitlomenl occu bèfore Income is received. Ihe InMe is accrued. Income lax recoverable in relolK*n to investmont income is recognlsed at the time the investment Income is receivable. 2.3 Exp•ndltur¢ Expenditure is fecognised once thefg is 8 legal or constructive obligation lo transfer economlc benefit to a third party, it 1$ probabSB Ihal a transfèr of economic benefits will ba required in selllemenl and the amount ol the obligation ¢8n be measUd reliably. Expenditure is classified by activity. The costs of each activity ar8 made up of the lotsl of direct costs and shar8d costs, including support costs involved in undèrtaking 68d) 8¢tivty. Direct costs attributable to a single activity are allocated directjy lo that actbvily. Shared costs which contribute lo more than one activity and support costs which are not attributable to a single activity 8re apportioned bedyeen those 8clivilies on 8 basis con5rstent with the use of resources. Central staff costs are 811ocated on the b8sis ol time spent, and depreciation charges alkjcated on Ihe portion ol the 8ssel's use. Expendilure on faising funds includes all expenditure incurred by the charilable ¢omp8ny to raise funds for ils charitable purrx)ses and includes ctjsts of all lundraising adNlties events and non- charitable trading. Expenditure on charitable activiiies is incurred on directly undertaking the aclivilies which furiher Ihe charitable companls objectives. as well as any assouated suprx)rt ¢osts. Pag8 9
MARCHES FAMILY NETWORK (A company lirnited by guaran1•• NOTES TO THE FINA14CIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accountlng pollel•s {¢onllnu•d) 2.3 Expandlturn l¢ontlnued} l expenditure is inclusive of irrecoverable VAT. 2.4 Gov•mm•nt grant¥ Govemment 9ranls recefved relatè to the Coronavirus Job Retention Scherne and are trealed as unreslricled inMe. 1.5 Tanglbl• Ilx•d assèts and d•preclatlon Tèngible fixed assets $tiThg £NIL or more are L*pitalis8d and recognised when future economic b8nefrt8 are probab and the cost or value of ass81 cèn be measured reliably. Tangiblo fixed assets are initially recognSsed al cosl. After recognilon. under the cost model, tangible fixed assets are measured al cosl less accumulaled depreciation and any accurnulaled impairment losses. All costs incurred lo bring a tangible fixod assel Into Ils intended working condlllon shouhj be include(I In the measurement of cost. D¢procJation i• charged so as to alkirthe the co81 of tan91b re assels le5¥ Ili¥lr r¥¥iduul value over theii eslimoled usefvl lives, Depreclatkjn Is provided on the folknwng bases: Motor vehicles OffbCO equipment - 25% reduung balan 25% strawhl line 2.6 D•tstorn Trade an(J other debtors are Tecognised at the SettMent amount after any trade dlscounl offered. Prepayments are valued al the amount prgpaid net of any trade discounts dug. 2.7 Cash at bank and In hand Cash al bank and in hand indudes c8sh and short-lerm highly liquid investmen15 wlh a short maturfty of three months or lo from the date of acquisition or openiry of tho depos(t or similar account. Page 10
MARCHES FAMILY NETWORK (A company limited by guarant••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting pollcl•s leontlnuod} 2.8 Llabllltl•$ •nd pro¥lslon• Llabiltties are recognised there is an obligation al the BolarKe sheet dale as a resutt of a past event, il is probable that a tr8nsfer of economic benefil will bfy rwuired In seluemenl. and the amount of the settlemenl can be eslimaled reliably. Liabilities are recognlsod al the amounl that Ihe Charitsb company anlicipales 11 wlll pay lo sertle the debt or the amount il has received as advanced payments lor the goods or services 11 musl PTOVtde. Provisions a measured al the $1 estimate of the amounts required lo settle the obligation. Where the effect ol Ihe lime value of money 1$ material, the provision15 based on the piesenl value of those amoLtnts. discounted at the pre.tax discount rate thal reflects the risks spocifi¢ lo the IlabS1ity. The unwirbding of the dlscount is rècogni58d in the Sloloment of financial gcllvities 89 a finance cost. 2.9 Fln•n¢l•l In$trum•nts The charitable company only has financial assets and financial liabilities of a kind that qualify as baslc financial instruments. Basic financial instruments are initially recognised al Iransactlon value and subsequ8nUy measured at their settlement value wth the excgplion of bank loans which arg subsequently measured al amortised cost using the effective interest method. 2.10 Fund aG¢ountlng General funds are unrestricted funds which are available for use al the discretion of th8 Trustees In furtherance of the general objectives of the charbtsbk company and which have not been designated for other purposes. Desnated fun¢J8 compris8 unrestricted fund8 that have been set askle by the Trustses for particular purposes. The aim and use of eath deslgnaled fund is sèt out in tho notes to the financial ststements. Restllcted funds are fvnds which are to b8 us8d in accord8nc* witi speafic restrictions Imposed by donors or which hav8 bBen raised by the Charitab company lor particular purposos. Thg costs of raising and administering Suth funds are chaT9gd against the spectfic fund. The aim and use of each reslricled fund is sat oul in the notes lo Ihe financial Slatents. Investment income. gains and losses are allocated to the appropriate lund. Page 11
IAARCHES FAMILY NETWORK IA Company limiled by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Incom• from donatlons •nd1ogacies Unff•trl¢l•d RtrIct¥d funds fund$ 2021 2021 Total funds 2021 Tolol funds 2020 Oonalio Govemmenl grants- Coronavirus Job Retention Scheme 28,054 110,954 139,008 133,883 25.776 25,776 53.830 110.954 164.784 133,883 Tot812020 50.627 83.256 133,883 In¢omo from charltblè •ctlvbtSes Unr•8trlcted Re8trlct•d fundi lunds 2021 2021 Total funds 2021 Tot81 ftjnds 2020 Parent fees Herefordshire indusion and devdoFrfnenl Shropshire SLA Short breaks Other 10,476 10,476 27,792 34,283 35,000 6.000 8.960 1, 102 27.792 360 405 360 405 11.241 27.792 39.033 85,345 Tot812020 44,345 41,000 85,345 Page 12
MARCHES FAMILY NETWORK (A company lirnited by guarants¢l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Investmont In¢om• Unrn8trfet•d funds 2021 Total fund$ 2021 Tot81 funds 2020 Investment income 30 yoo Tolo12020 1C(t 100 Anatyslj of •xp•ndltur• on ¢h•rll•bl• actlvltles Summary by fund typ• UThr•strlct•d R•$trl¢t•d funds funds 2021 2021 Total funds 2021 Tol81 fvnds 2020 Ch8ritoble 8clivitles 40.866 137,799 178,665 235,374 Tolo12020 168, 171 67.203 235,374 AnalysSs of •xp•ndltur• by •¢tlvltl•• Actlvltl•s undertak•n directty 2021 Support costs Total funds 2021 To181 funds 2020 2021 Charitable a1vItIeS 85,606 93.059 178.665 235,3T4 Tot812020 140.684 94,690 235.374 Page13
MARCHES FAMILY METWORK IA ¢¢mp•ny limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Indondent examinerfs r•rnun&ration 2021 2020 Fees payable lo the Charitable ¢ompanYs irbdependenl examiner for the independent examination of the charitable mp8n5 annual acccmjnts Fees payable to the charilable ¢(panY$ independent eXaMir in respect of.. I taxalion odvisory servlces not Induded above 1,200 1.242 100 Stsff Costs 2021 2020 Wages and Salarles Social security costs r.nnlribLJtlnn tn dAfinad ethlribirti(Jn pènsion schom88 131,305 3.122 1.970 175, 709 4,040 136.397 179.749 The aver8go number of persons ernOYed by tho charitabl8 rMpanY during Ihg year w8S os follows.. 2021 No. 2020 24 24 No employee received remuntralion amounting to more than £60.000 in oilher year. 10. Trust•ets' Temuneratlon and •xp•ns•s During the year, no Trustees received any remuneration or olher benefits (2020- £NIL). During the yeor ended 31 March 2021. no Twslee expenses have been incurred f2020- £NILJ. Page 14
MARCHES FAMILY NEfwoRK (A ¢omp•ny limited by guaranle¢l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 11. Tanglbl¢ a$sets Motor Flxlur•$ and v•hlel•s ffttlngs •qulpmont Total Cost or v*luotlon Al 1 Aprll 2020 Additlons 6.780 5,621 12,401 3,145 3.145 At 31 March 2021 6.780 3,145 5.621 15.546 D•pr•cltttlon Al 1 April 2020 Char98 for the year 1,413 1.342 5,621 7,034 1,670 328 Al 31 March 2021 2.755 328 5.621 8.704 N•t book valu• Al 31 March 2021 4,025 2,817 6,842 AI 31 mSh 2020 5,367 5,367 Page 15
IAARCHES FAMILY NETWORK (A company Ilmlt•d by guarant••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 12. Dobtors 2021 2020 Du• wlthln on• year Trade deblofs Other debtors Prepayments and accrued income 505 2,234 6,249 4.191 4,696 9,043 13. Crdltors: Am¢)unt8 falllng du• wlthln on• y•r 2021 2020 Trade ¢r8dft¢xs Other taXatn and sodol ¥eGurty PensSon paythe Other ugditors Accruals and dgferred incomg 5,371 1.573 383 5,700 30,650 1, 168 2,035 3,135 15,501 43,677 21,839 Defeff9d Income Inchjdes £20.472 of funding rai8ed towards projecl gxpgndlture In the 2021122 accounting year. Page 16
MARCHES FAMILY NETWORK IA company Ilmlted by gvarant••} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 14. Stat8m•nt of funds Stat•mont of lund$ - ¢urr•nt ye•r Balan¢• at 31 March 2021 Balanc• at I April 2020 Transt•rs Inlout Ineomè Exp•ndltur• Unr•8trfct•d funds Doslgn•t•d fund• Windup Costs 45,000 45.000 G•n•ro1 fvnds General Funds 53.876 65.101 150,6521 145,000) 23,325 Tot41 Unr•strl¢t•d funds 53,876 65.101 (50.652) 68.325 Re•trl¢t•d fund• Development Herfordshlre SLA Inclusion ond Dgvelopmenl Worx Core Costs Klle Development Play+ Leominster Conrtect H¢reford Connect Explorer Trips Covid 8,000 (8.000) 1.485 (1,4851 43.106 5,580 29.792 28.733 12.176 4.2SD 9.702 5,407 (43.106) 15.5801 139.2771 124,5291 {8,0151 {3,7531 (8.1321 15.4071 9.485 4,204 4,161 497 1.570 9,485 138,746 1137.7991 10,432 Total of fund$ 63.361 203.847 {18B,4511 78,757 Page 17
IARCHES FAMILY NETWORK IA company limited by guarants•} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 14. Statement of funds (contlnu•dl Stat•m•nt ol funds - prlor yoar 8al8nce al 31 Merch 2020 Balance at 1 Apn12019 In¢omg Expgndllurn Unrestrlcted funds G8n8ral Funds 85.496 95,072 (126,692) 53,876 R•itrlct•d lunds EF Bulmer Benevolent Fund Sumrner Club Shropshirè Development Loorninstor Youth Club Herefor¢J Youth Club Weekend Expl01$ BBC Herfordshlre SLA Indusion anil Oevolopment Work 9. 728 5,300 10,000 (9, 728J (5.300J f10,OOOJ f2, 750) f8,978) (3,089) (25,525) (18,636) 2.750 8.978 3,089 25.525 18.636 629 35,000 (34.144) 1.485 3.379 124.256 f118.150J 9,485 Totsl of funds 88.875 219,328 (244,842J 63,361 Page 18
MARCHES FAMILY NETWORK {A Company limited by guarante•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 15. Analy$l$ of n•t assets b•tw•en funds Analysls of n•t a$$•ts b•twwn funds- curr•nl y•ar Unrestrfct•d R•strleted funds fund$ 2021 2021 Total funds 2021 Tangible fixed assets Curvenl assets Credil¢ys due within one year 6.842 105.160 {43,6771 6,842 115,592 143,6771 10.432 Total 68,325 10.432 78,757 Analy$i8 of n•t a$s•ts b•tr14••n fvnds - prlor yèar UnmsfriGted runds 2020 Reslhcled runds 2020 ro181 runds 2020 Tanoible fixtd a$$els Current 8ssets Cfedltors due withln one year 5,367 70.348 (21,839J 5,367 79,833 (21,839) 9,485 Total 53,876 9.485 63,361 16. Penslon ¢ornmltm•nts The Charitable Company operatas a defined wilribution pension scheme. The assgls of the scheme are held 5ep8ralely from those ol the group in an independently adminisleTed lund. The p6nsion cost charge presents ¢onlribulions payab by the entity to the fund and amounted to £1.970 during the year. The value of £383 12020 £nil) was payabk8 to the fund 81 the balance 5h8et dale and are Included In creditots. 17. R•lat•d party transa¢tlon$ There were hyo related party transactfrons in the year ending 31 March 2021. The Trustee N. Morgan has a family member that uses the services of the charity and pays for these services al stsndard rates. There were no outstanding balances for these services. R Chambers resigned as a trustee on 12 October 8nd then l(K>k up employTnenl as the Dep*Jty Manager. receiving totsl nUmera110 of £8,145. R Chambers also has a family member who is employed by the charity who ieceived mumera110Tr £4.203. Page 19
MARCHES FAIAILY NETWORK IA company Ilmlt•d by guarnnt¢•) INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 2021 2021 2020 2020 Incom• Donations 139,008 133,883 8,960 34,283 35.000 Short breaks Parent fee Herelorshire inclusion and d8velopment Shropshire SLA Govenment Furlough granl other Investment Sncome 10.476 27.792 25.776 405 30 1.102 100 203,047 219,328 Galns on Inv••tm•nt• Gro•* Incom• In the reportlng perfod 203.847 219,328 Less.. Dlr•d costs Support workers wages Project workers wages Motor expenses Resource. materials and equlpment Travel and subsistpnco Trip expenses Entertainers and activitles Venug hirg 48,358 19.620 3,869 2.414 90,409 17.956 1,616 2,260 50 7,322 11,095 9,976 8,118 2.518 85.606 140,684 Page 20
MARCHES FAMILY NETWORK {A company limited by guarant••) INCOME AND EXPENDifuRE ACCOUNT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 2021 2021 2020 2020 Support costs Accountancy Legal and profession Consultancy fees Rent ané raies Computer costs Insurance Repairs and renwals Trainin9 Costs Printing, postage and slalion6ry Telgphone Bank charggs Sundries Advertlsing Family support workers wages Offl¢e staff sal8rie8 Employee expenses Redundancy payment Inclusion and devglopmenl w89gs Depreclatson 1300 2.314 300 6,705 3.930 1.867 18 5,473 1,916 1,516 140 4.022 3,35S 6.332 27,856 3,153 1,939 19.353 1.670 1,242 2,696 8,895 2,304 1,663 95 4,553 3,393 7,381 238 1.179 3,722 6,126 34,062 4,040 IT,688 1,413 93.059 94.690 RaSslng funds Fundraising 8alarie8 9.786 9.468 9.786 9,468 Total expendftur• SurplusllDeficit} for the roportlng p•rlod Surplu$llD•fi¢lt) urried forward at 31 March 2021 188,451 15.396 244.842 (25,514) 15.396 (25.514) Page 21