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2023-03-31-accounts

Registered number: 03036897 Charity number: 1047075

MARCHES FAMILY NETWORK

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

MARCHES FAMILY NETWORK (A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Charitable Company, its Trustees and 1
advisers
Trustees' report 2 - 13
Independent examiner's report 14 - 15
Statement of financial activities 16
Balance sheet 17 - 18
Notes to the financial statements 19 - 32

MARCHES FAMILY NETWORK (A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023

Trustees Miss L Baker (appointed 15 September 2023)
Mr G A Crane (resigned 6 May 2023)
Mrs J Howe (appointed 18 January 2023, resigned 6 May 2023)
Mr D M Jackson (resigned 3 October 2022)
Mr R Mather (appointed 19 October 2022)
Ms M I M Morgan (appointed 19 April 2023)
Mrs N L Morgan (resigned 6 May 2023)
Mr S Outterside (appointed 15 September 2023)
Mr J Swann (appointed 18 January 2023, resigned 6 May 2023)
Mr S Thomas (appointed 16 June 2022, resigned 5 May 2023)
Mr R Wilson (appointed 15 September 2023)
Ms C Wozencroft (appointed 15 September 2023)
Company registered
number

Charity registered
number

Registered office





Company secretary

Accountants







Bankers




 03036897
1047075
Mortimer House
Holmer Road
Hereford
Herefordshire
HR4 9TA
Mrs R Chambers
WR Partners
Chartered Accountants
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG
CAF Bank
25 Kings Hill
West Malling
Kent
ME19 4TA

Page 1

MARCHES FAMILY NETWORK (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

Working with and for young people with disabilities and their families

. Anything is possible when everyone is included

The Trustees, who are also directors of the Charity for the purposes of the Companies Act, have the pleasure of presenting their annual report together with the financial statements of the Charitable Company for the year 1 April 2022 to 31 March 2023

The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019)

Since the Charitable Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Page 2

MARCHES FAMILY NETWORK (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Who We Are

Marches Family Network was established in 1982, under the auspices of Contact A Family, as a small self-help parent group. We registered as a charity when we became independent in 1995.

Our Goal

For every child and young person with a disability to have access to the same opportunities and experiences as their non-disabled peers.

Our Mission

To deliver a wide range of high quality, accessible short breaks, respite and support services, empowering children and young people with disabilities and their families.

Our Aims

Through our work we aim to:

We believe that no child should be excluded because of a disability.

Page 3

MARCHES FAMILY NETWORK (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Our Framework for Delivering Our Aims

Marches Family Network aims to

Page 4

MARCHES FAMILY NETWORK (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Objectives and activities

a. Public benefit statement

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Achievements and performance

a. Key performance indicators

Throughout the year Marches Family Network continued to provide respite sessions for registered children, young people and their families.

During the period April 2022 to March 2023, we were able to provide 50 sessions, which was a total of 3,615 hours respite for parents, carers and their families. We registered 44 young people during the year, enabling them to access our services and, by 31st March 2023, we had 230 young people registered to access our services.

Saturday and Summer Holiday Sessions

Funding and the availability of staff permitting, we ran three Saturday sessions per month at various venues around the county. Those sessions were one each of a Play+ session, a KITE (Knowledge, Inclusion, Teamwork and Equality) session, and a Young Explorers trip. As well as our term-time Saturdays, and providing a funpacked summer scheme, this year we also offered smaller schemes in the October and February half terms. All of our sessions were fully supported by our well-trained and dedicated workers and volunteers, enabling parents and carers to enjoy some respite time.

At our Play+ sessions preference is given to children and young people who have a support ratio of 1 to 1 or higher.

At our KITE sessions preference is given to children and young people who are in group ratios.

Our Young Explorer sessions are open to all children and young people that are registered with us. We aim to visit venues that we can travel to within a 2-hour travel radius that we think the young people will benefit from accessing. The trips are a longer day, which give parents and carers an extended break whilst enabling the children and young people to venture further afield and experience new places, developing their independence and confidence.

Our Messy M8s sessions are open to all children and their siblings who are aged 8 and under.

Additional funding was received which enabled us to bring entertainers into some of our sessions. We would like to thank these activity providers for bringing their joy and enthusiasm to our sessions. We welcomed back familiar faces such as Jon the Potter, Sarah from Bugs, Bunnies and Beasties, Bym, Ruth from 3Degreez cheerleading, Wildplay, Shooting Stars, Sal Tonge and Alison Houlbrooke.

Most importantly, the children and young people had lots of fun and made new friends!

Page 5

MARCHES FAMILY NETWORK (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance (continued)

Our Play+, Messy M8s and KITE sessions took place at various accessible venues within the county. We would like to thank the following venues for allowing us to use their premises and being so understanding with our requests.

Our youth team worked well together to ensure every day was filled with plenty of activities to keep the children and young people entertained. The list of fun and games our children and young people were able to participate in is endless!

Page 6

MARCHES FAMILY NETWORK (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance (continued)

Our Young Explorer’s trips included the Bristol Aquarium, Noah’s Ark Zoo Farm and Gympanzees in Bristol, Cattle Country and the Willow Trust canal boats in Gloucestershire, Think Tank and Cadbury World in Birmingham, RAF Museum Midlands in Cosford, and Enginuity and Blists Hill Victorian Town in Telford. We also got to see Santa in his grotto, as well as all of the animals, at West Midlands Safari Park.

Each of these venues provided our children and young people with an amazing day out, making lots of memories with their friends.

The number of children and young people wishing to attend these days continues to increase as the popularity of these days grow. We wish that we had enough staff to be able to take everyone who wants to attend. One day!

Page 7

MARCHES FAMILY NETWORK (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance (continued)

Family Support

Between the period April 2022 and March 2023, our Family Projects Co-ordinator registered 44 new children and young people with the Charity.

In addition, the Family Projects Co-ordinator remained active in supporting the families registered with the Charity by:

We are excited to be able to start 2023/2024 by doubling the number of hours of family support we are able to offer. This has been made possible by a grant from Reaching Communities Lottery funding.

b. The Staff

Marches Family Network has a dedicated and motivated team who always place the needs of the children and families at the front of all that they do.

During the year we recruited new youth workers and volunteers and held regular training sessions Staff competencies in Epilepsy Awareness, Safeguarding and Moving & Handling were refreshed and reinforced, and we were grateful for the support of the Paediatric Nursing Team to observe and certify nominated staff as competent to deliver gastrostomy feeds.

Page 8

MARCHES FAMILY NETWORK (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance (continued)

The Office team during 2022/23 were

Rae Chambers – Manager and Deputy Designated Safeguarding Lead Kerry Williams – Fundraising Co-ordinator, Family Projects Co-ordinator, Designated Safeguarding Lead Meg Chambers – Projects Co-ordinator and Leader and Deputy Designated Safeguarding Lead Steve Cameron – Accounts and Payroll Assistant

Abby Stone – Office Administrator and Accounts and Payroll Assistant – resigned January 2023

The staff at the sessions during 2022/23 were

Session Leaders:

Meg Chambers, Max Duelli and Sam Price

Senior Youth Workers:

Jake Bufton, Lucy Burden, Rebecca Cutler, Max Duelli, Annie Finch, Carol Holloway, Jennie Holloway, Sarah Meadmore, Ben Morgan, Amanda Palmer, Sam Price, Jake Robbins, Katie Rudd, Sophie Stockton, Abby Stone, and Kerry Williams

Youth Support Workers and Volunteers:

Maisie Andrews, Evie Cobb, Ella-Rose Cutler, Millie Eaton, Eva George, Ffion Harper, Becka Haskett, Emma Jones, Larissa Matthews, Rosie Morton, Sheilan Naghshbandi, Courtney Parry, Jess Pitt, Donna-Marie Price, Alison Pritchard, Jayesh Punn, Riley Reed, Ellie Roberts, Emma Robinson, Hazel Schramm, Sky Thompson, Molly Tyler, Lauren Waygood and Elio Wilson

The Trustees would like to thank all the staff who work tirelessly, often with last minute changes or cancellations to our plans They continue to ensure that Marches Family Network can meet the needs of their families.

Page 9

MARCHES FAMILY NETWORK (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance (continued)

c. Funding and Support

Marches Family Network have been successful in receiving grant funding from the following organisations, who we would like to take this opportunity to thank very much.

Arnold Clark Community Fund Sir Jules Thorn Charitable Trust Asda Foundation Squire Patton Boggs Charitable Trust BBC Children in Need The A N McKechnie Foundation Baron Davenport’s Charity The Albert Hunt Trust Barnard Kenneth Hufton Charity The Alex Robert-Miller Foundation Bruce Wake Charitable Trust The Ardwick Trust Bunnies, Bugs and Beasties The Belacqua Charitable Trust Dr A Butterfill The Burford Trust C M Aarvold Charitable Trust The D M F Ellis Charitable Trust Co-Op Community Fund The Dorothy Pamela Smith CIO Douglas Arter Foundation The Edmund Godson Charity Dream Big Trust The Edward Gostling Foundation E F Bulmer Trust The Edward & Dorothy Cadbury Trust Four Acre Trust The Eveson Trust Garfield Weston Foundation The February Foundation Jessie’s Fund The Helen Hamlyn Trust Happy Days Children’s Charity The Hereford Society for Aiding the Industrious Hereford Round Table The Kyte Charitable Trust John Ackroyd Charitable Trust The Lady Ryder of Warsaw Memorial Trust John Rumsey – former Mayor of Leominster The Michael and Anna Wix Charitable Trust Keith Rae Charitable Trust The Mumford Memorial Trust Margaret Allen Foundation The Rest-Harrow Trust Marks and Spencers Grant Fund The Sam Morley Charitable Trust Marsh Charitable Trust The Sir John Middlemore Charitable Trust Master Luke Hall Taekwando The Souter Charitable Trust Masonic Charitable Foundation The Stockwell Cliffe Charitable Trust National Lottery – Awards for All The Street Foundation National Lottery – Reaching Communities The Sydney Black Charitable Trust Limited People’s Postcode Lottery The Tilehouse Trust Rachel Charitable Trust The Uncle Bill Trust Rotary Helping Herefordshire The Wilmcote Charitrust Royal Edward Lodge The Woodroffe Benton Foundation St Peters Church, Withington Waitrose Community Matters Mr A Stone Webb Family Charitable Trust

And a big thank you to the many generous private and anonymous donors.

Page 10

MARCHES FAMILY NETWORK (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Financial review

a. Going concern

The results for the year are set out in the financial statements commencing on page 19. The financial statements show net incoming resources of £-8,977 (2022 incoming £65,382).

Marches Family Network has reserves which are accounted for under three headings

Restricted reserves – these are funds that are ring-fenced to fund particular projects and cannot be used for anything else.

Designated reserves – these are funds that the trustees have agreed to set aside for specific purposes and include three months wind-up costs.

Unrestricted (free) reserves – these are funds that can be used at the discretion of the trustees.

At the year end the charity had

Restricted reserves of £4,203 (2022 £5,354) Designated reserves of £130,000 (2022 £125,000) Unrestricted (free) reserves of £959 (2022 £13,785)

b. Financial review

After making appropriate enquiries, the Trustee have a reasonable expectation that the Charitable Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

c. Reserves policy

The Trustees believe that maintaining an appropriate reserve will provide sufficient resources in the event of adverse conditions. To this effect, a general reserve of £45,000 is maintained in order to meet our policy requirements of having 3 months’ running costs set aside as a designated fund. Additional reserves have been accumulated to strengthen and support the funding cycle of the charity and support the consistent provision of services as described above.

At the year end the charity had free reserves of £37,912, including the 'Winding up' designated fund and less the unrestricted fixed assets (2022 £42,169). The charity held total unrestricted reserves of £130,959 (2022 £138,785) and restricted reserves of £4,203 (2022 £5,354).

Page 11

MARCHES FAMILY NETWORK (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Structure, governance and management

a. Constitution

The Charity is a company limited by guarantee not having a share capital. The liability of the members 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 and registered in England and Wales. The Company is a registered charity - number 1047075. The company was set up by a Trust deed.

b. Methods of appointment or election of Trustees

The management of the Charitable Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

c. Organisational structure and decision-making policies

The Directors who served the company during the period were as follows:

Graham Crane Chair to 18.10.22 Steve Thomas Chair from 19.10.22 to 05.05.23 Nickatie Morgan Vice Chair to 06.05.23 David Jackson Treasurer to 03.10.22 Graham Crane Treasurer from 19.10.22 to 06.05.23

The management of the Company is the responsibility of the Trustees, who are also directors of the Charity for the purposes of the Companies Act, who are elected and co-opted under the terms of the Memorandum and Articles of Association. The Charity is managed by Charity Manager, Rae Chambers, who reports directly to the board of Trustees.

The Trustees meet monthly with the exception of August to ensure effective development, implementation and review all of the charitable activities. All significant expenditure decisions are authorised by the trustees, whilst income and outgoings are overseen by the Manager, who provides regular financial reports to the Trustees

The Charity continues to seek new Trustees to strengthen the Board's experience and diversity. Applications from potential trustees are sought through many routes and are always welcome. All applications are reviewed, and successful applicants are then offered training and support, along with detailed information as provided by the Charity Commission, to ensure they fully understand the role of Trustees and are in a position to fulfil their role in a knowledgeable and professional manner.

d. Financial risk management

The Trustees actively review the major, and operational, risk the Charity faces on a regular basis and believe that maintaining reserves at or around target levels, combined with an annual review of the controls over key financial systems will provide sufficient resource in the event of adverse conditions. The Trustees confirm that they have established systems to mitigate significant risks.

Page 12

14ARCHES FAhMLY NEtWORK IA¢omparty Ilm6ted by gurnnts•} TRUSTeES' REPORT ICONTINueDI FOR THE YEAR ENOEO 31 MARCH 2023 Plans for futur• p•rfod• The Charty Is ctsmmitte¢ to e¥parKling and developwig rfs rang• of s•rvic•s to rneet tho Tr￿$ of the youn peop￿ and fthlies rt SLtrPPOrts and reco9nisgs th• nèed to Increase Ihe youth team. in order to eflect sustainablè 9rowth. Tho Trosle89 r•cognis• that In cthr lo expand Ihg Charity it i¥ dosiTabk9 lo havo L?￿r pr•mis•6 to b& able lo operale from on• srte. This is to bo kept urbdgr r￿low. Lwgw prerni#￿ ￿￿￿k1 èn#blg thg chority lo rfropen regk8tefS to new familN•s as rt would mean that we could pot•ftllahl accèpt children and yvung people to tyjr sesslons. 8ts1omènt ol Trugt••s' r•spon81￿tIts# Tha Trustees (who are also the directcn of the Chan1￿16 c¢mw￿Y for tha purposes of ￿rnPany Lywl ar r8sponslblè lor praparing Ihe Truste•$' report and the financol slatemants in ￿0rdar￿8 with applicabkn and Uniled Kingdom A¢counling Slandarrls Iunfted Kingdom Generaty A￿pted A¢Muntlllg Pr￿l￿e1. Company18w rEqvire$ IhB Trustees to prepare fin8n¢ig18taterr¢n¢8 lor each financial yggr Vnder comp8ny18W, the Trustees musl net approve th¢ financial slatements Un￿$$ they a￿ sa11$fled Ihst they giv¢ 8 true 8nd falr of the 818t ol affwr4 ol th? Charilobl¢ C¢ynpany and ol rts In￿mIng reswces and appI￿all9n ol reso¢Jrce$, Including rts mccme and expendi￿re. for thal period. In pr•panng liese finan¢i•l statements. the Trust••$ arè required Ic. gelect surtable accounting polfe￿$ and thèn ¥ptythern consi&tanty, ob8¢rye the rnethjds and princs ol Ihe charib.es SORP IFRS 1021.. rnake judgm•nls and &counting èStim8tes that are msonable and prudent, $ta¢e whelher aFvIic8ble UK Aecounling Standards IFRS 1021 have beèn follod, #ubj8ct to ony rn￿ter￿1 depwiures d.$¢lo$e(l and explained in tho f nan¢131 ststem8nls'. prepara the finanrjal slatements on going conc•m ￿•13 ft ig inappw4Yoto to presum• thai the charitab￿ Coffpany wll WnI￿Ue in business. Tha Trustees afe re$p)n8￿￿ lor kewrt9 8d•4LOte aCc￿ntIng T￿rdS thal ore suff￿ent to ahtw èxplain lae Charitable Company'5 transactions and th'sise roasonable accuracy at any time the financial po$iliDn of the Charitabl8 Company and 8nable Ihem io ensu￿ the finwcial JtsteTnBnts comply wilh Ihe Ccmpani•s Aet 2006 Thty are al¥0 responsible for safeguarding the assets of Ihe chantat￿ CL￿PanY and hence for taking reBsonable steps forlhe prevention ara dete¢boA of fraud oth•r irr¢guknties. AFvrovod by arder of th? rrmber6 Of￿ board of TWUste￿ and 51gned thar beh8LI by. Date.. 13. 11.a3 Page13

MARCHES FAMILY NETWORK (A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023

Independent Examiner's Report to the Trustees of Marches Family Network ('the Charitable Company')

I report to the charity Trustees on my examination of the accounts of the Charitable Company for the year ended 31 March 2023.

Responsibilities and Basis of Report

As the Trustees of the Charitable Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Charitable Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charitable Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Page 14

MARCHES FAMILY NETWORK (A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Independent Examiner's Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Charitable Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the Charitable Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charitable Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charitable Company and the Charitable Company's Trustees as a body, for my work or for this report.

Signed: Dated: 16/11/2023 T Lunt BA FCCA MIRPM

WR Partners Chartered Accountants Belmont House Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

Page 15

MARCHES FAMILY NETWORK (A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income
Expenditure on:
Raising funds
6
Charitable activities
7
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2023
£
60,486
24,690
951
86,127
13,601
80,352
93,953
(7,826)
138,785
(7,826)
130,959		 Restricted
funds
2023
£
123,650
-
-
123,650
-
124,801
124,801
(1,151)
5,354
(1,151)
4,203		 Total
funds
2023
£
184,136
24,690
951
209,777
13,601
205,153
218,754
(8,977)
144,139
(8,977)
135,162		 Total
funds
2022
£
251,638
17,058
10
268,706
13,150
190,174
203,324
65,382
78,757
65,382
144,139

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 19 to 32 form part of these financial statements.

Page 16

MARCHES FAMILY NETWORK (A company limited by guarantee) REGISTERED NUMBER: 03036897

BALANCE SHEET AS AT 31 MARCH 2023

Note
Fixed assets
Tangible assets
12
Current assets
Stocks
13
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within one
year
15
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets		 629
15,416
218,575
234,620
(107,505)		 2023
£
8,047
8,047
127,115
135,162
135,162
135,162		 747
19,766
149,821
170,334
(37,711)		 2022
£
11,516
11,516
132,623
144,139
144,139
144,139

Page 17

ARCHES FAMILY NETWIORK (A company limlt•d by guarant¢el REGISTERED NUMBER: 03036897 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2023 2023 2022 Nots Charlty funds R&¥lricted fvnds Unwlriet•d funds 16 16 5,351 134785 130.959 Total funds 135,182 144, 139 The Chantabl• Company was entrfled to exempl￿￿ frcrn aLxIrt und•r s•ction 4T7 of lh¢ Compan188 Act 2006. Th• members not r￿uired th• ￿Mpary to ot4ain an ￿dit for th• year in quastN)n in accordance wrth

•ction 476 of A¢t 2006.

The Tw8lees ackno4￿9d9e lh￿r r•spons>ilitie3 lor comp￿9 with Ihts requirem8nts crt tho Act with respect to accounting records and pieparali¢)n of f4nw¢i st4twnents. The flnan¢ial slaiements have b￿n prepwd In GOfdan¢• 7Mth th• prtsvi&oni •pplkabl• lo •nttties $ublecl lo th• small ¢tynpanie$ regime. Th8 financlal statonxnts approved and authorised for i88u• by Ihè TW$￿# and on theli b•h4W bw. Dole, 13 11.J3 Thè nele• on pages 19 to 32 fom w101 these financial statements. STo•i(LT ourfsi(E Pap 18

MARCHES FAMILY NETWORK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. General information

Marches Family Network (1047075) is a charitable company incorporated within England and Wales and its registered office and principle place of business is Mortimer House, Holmer road, Hereford, HR4 9TA.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Marches Family Network meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the Charitable Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Charitable Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and noncharitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charitable Company's objectives, as well as any associated support costs.

Page 19

MARCHES FAMILY NETWORK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

2. Accounting policies (continued)

2.3 Expenditure (continued)

All expenditure is inclusive of irrecoverable VAT.

2.4 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged on items purchased at £1,000 or above, so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Motor vehicles - 25% reducing balance Office equipment - 25% straigt line

2.6 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 20

MARCHES FAMILY NETWORK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

2. Accounting policies (continued)

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charitable Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.10 Financial instruments

The Charitable Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.11 Pensions

The Charitable Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charitable Company to the fund in respect of the year.

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charitable Company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charitable Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 21

MARCHES FAMILY NETWORK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

  1. Income from donations and legacies
Unrestricted
funds
2023
£
Donations
13,493
Grants
46,500
Government grants
-
Similar incoming resources
493
60,486
Total 2022
142,627		 Restricted
funds
2023
£
-
123,650
-
-
123,650
109,011		 Total
funds
2023
£
13,493
170,150
-
493
184,136
251,638		 Total
funds
2022
£
3,610
246,612
904
512
251,638
  1. Income from charitable activities
Unrestricted
funds
2023
£
Parent fees
24,690
Other
-
24,690
Total 2022
17,058
Investment income
Unrestricted
funds
2023
£
Investment income
951
Total 2022
10		 Total
funds
2023
£
24,690
-
24,690
17,058
Total
funds
2023
£
951
10		 Total
funds
2022
£
16,785
273
17,058
Total
funds
2022
£
10
  1. Investment income

Page 22

MARCHES FAMILY NETWORK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

6. Expenditure on raising funds

Costs of raising voluntary income

Unrestricted
funds
2023
£
Stationery, postage and misc costs
372
Wages and salaries
12,318
NI
336
Pension costs
575
13,601
Total 2022
13,150		 Total
funds
2023
£
372
12,318
336
575
13,601
13,150		 Total
funds
2022
£
476
12,154
155
365
13,150

7. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2023
£
Charitable activites
80,352
Total 2022
76,085		 Restricted
funds
2023
£
124,801
114,089		 Total
2023
£
205,153
190,174		 Total
2022
£
190,174

Page 23

MARCHES FAMILY NETWORK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

  1. Analysis of expenditure by activities
Charitable activites
Total 2022
Analysis of direct costs
Staff costs
Vehicle expenses
Resources, materials and equipment
Travel and subsistence
Entertainment and activities
Venue hire
Total 2022		 Activities
undertaken
directly
2023
£
77,946
75,685		 Support
costs
2023
£
127,207
114,489
Activities
2023
£
55,971
705
-
824
14,413
6,033
77,946
75,685		 Total
funds
2023
£
205,153
190,174
Total
funds
2023
£
55,971
705
-
824
14,413
6,033
77,946
75,685		 Total
funds
2022
£
190,174
Total
funds
2022
£
56,787
1,101
2,325
1,086
10,385
4,001
75,685

Page 24

MARCHES FAMILY NETWORK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

8. Analysis of expenditure by activities (continued)

Analysis of support costs

Activities
2023
£
Staff costs
75,012
Depreciation
3,469
Rent and rates
15,540
Computer costs
7,463
Insurance
2,002
Repairs and renewals
885
Training costs
5,952
Stationery, printing and postage
1,195
Telephone
1,453
Bank charges
345
Sundries
1,786
Advertising
170
Subscriptions
346
Recruitment
1,400
Legal and professional
7,523
Accountancy
2,040
Governance costs
626
127,207
Total 2022
114,489
9.
Independent examiner's remuneration
Fees payable to the Charitable Company's independent examiner for the
independent examination of the Charitable Company's annual accounts		 Total
funds
2023
£
75,012
3,469
15,540
7,463
2,002
885
5,952
1,195
1,453
345
1,786
170
346
1,400
7,523
2,040
626
127,207
114,489
2023
£
2,040		 Total
funds
2022
£
65,444
3,036
12,275
7,016
2,043
656
5,243
1,617
1,468
234
1,867
64
399
2,071
8,653
2,256
147
114,489
2022
£
1,320

Page 25

MARCHES FAMILY NETWORK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

10. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension scheme		 2023
£
139,198
2,473
2,541
144,212		 2022
£
131,618
1,070
2,217
134,905

The average number of persons employed by the Charitable Company during the year was as follows:

2023 2022
No. No.
Employees 24 24

No employee received remuneration amounting to more than £60,000 in either year.

Total benefits paid to management personel were £35,695 (2022: £31,667) made up from salaries, Employer's NI and Employer's pension contributions

11. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL).

During the year ended 31 March 2023, no Trustee expenses have been incurred (2022 - £NIL).

Page 26

MARCHES FAMILY NETWORK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

12. Tangible fixed assets

Cost or valuation
At 1 April 2022
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
13.
Stocks
Finished goods and goods for resale
14.
Debtors
Due within one year
Trade debtors
Prepayments and accrued income		 Motor
vehicles
£
6,780
6,780
3,761
755
4,516
2,264
3,019		 Fixtures and
fittings
£
4,615
4,615
1,123
1,154
2,277
2,338
3,492		 Office
equipment
£
11,861
11,861
6,856
1,560
8,416
3,445
5,005
2023
£
629
2023
£
59
15,357
15,416		 Total
£
23,256
23,256
11,740
3,469
15,209
8,047
11,516
2022
£
747
2022
£
1,939
17,827
19,766

Page 27

MARCHES FAMILY NETWORK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

15. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Pension fund loan payable
Other creditors
Accruals and deferred income
Deferred income at 1 April 2022
Resources deferred during the year
Amounts released from previous periods		 2023
£
5,135
1,949
475
2,940
97,006
107,505
2023
£
28,698
94,276
(28,698)
94,276		 2022
£
2,008
1,451
-
3,394
30,858
37,711
2022
£
20,472
28,698
(20,472)
28,698

The deferred income relates to income received that has been rasied for use during the following financial year.

Page 28

MARCHES FAMILY NETWORK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

16. Statement of funds

Statement of funds
Statement of funds - current year
Balance at 1
April 2022
£
Unrestricted funds
Designated funds
Winding up Costs
40,000
Premises
85,000
125,000
General funds
General Funds
13,785
Total Unrestricted funds
138,785
Restricted funds
Play +
5,354
Core Cost
-
Young Explorer
-
KITE
-
Family Events
-
Kite Under 8's
-
Resources
-
5,354
Total of funds
144,139		 Income
£
-
-
-
86,127
86,127
45,024
24,500
19,992
29,016
1,679
2,689
750
123,650
209,777		 Expenditure
£
-
-
-
(93,953)
(93,953)
(46,175)
(24,500)
(19,992)
(29,016)
(1,679)
(2,689)
(750)
(124,801)
(218,754)		 Transfers
in/out
£
5,000
-
5,000
(5,000)
-
-
-
-
-
-
-
-
-
-		 Balance at
31 March
2023
£
45,000
85,000
130,000
Unrestricted funds
Designated funds
Winding up Costs
Premises
General funds
General Funds
Total Unrestricted funds
Restricted funds
Play +
Core Cost
Young Explorer
KITE
Family Events
Kite Under 8's
Resources
Total of funds
959
130,959
4,203
-
-
-
-
-
-
4,203
135,162

Page 29

MARCHES FAMILY NETWORK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

16. Statement of funds (continued)

Material restricted funds that had over £10,000 income in the year comprise of:

Core Costs - funds given to cover core costs involved with running the Charitable Company.

Kite - Kite sessions include holiday play activities and saturday clubs for children and young people with disabilities.

Play+ - Play+ helps children with complex disabilities to take part in activities with their friends, these sessions are accessible to those young people who require a minimum of one-to-one support.

Young Explorer - supports children and young people to access activities and events in their local communities and further afield, helping to increase confidence, independence and social skills.

Designated funds comprise of:

Wind up costs - 3 months operational costs.

Premises - funds set aside for new premises.

Page 30

MARCHES FAMILY NETWORK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

16. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Winding up Costs
Premises
General funds
General Funds - all funds
Total Unrestricted funds
Restricted funds
Play +
Core Cost
KITE
Family Events
Leominster Connect
Restricted Hereford Connect
Restricted Explorer Trips
Under 5's
Total of funds		 Balance at
1 April 2021
£
45,000
-
45,000
23,325
68,325
4,204
-
-
-
4,161
497
1,570
-
10,432
78,757		 Income
£
-
-
-
159,695
159,695
35,746
18,558
26,126
500
5,983
10,036
7,768
511
105,228
264,923		 Expenditure
£
-
-
-
(89,235)
(89,235)
(34,596)
(18,558)
(26,126)
(500)
(10,144)
(10,533)
(9,338)
(511)
(110,306)
(199,541)		 Transfers
in/out
£
(5,000)
85,000
80,000
(80,000)
-
-
-
-
-
-
-
-
-
-
-		 Balance at
31 March
2022
£
40,000
85,000
125,000
13,785
138,785
5,354
-
-
-
-
-
-
-
5,354
144,139

Page 31

MARCHES FAMILY NETWORK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

17. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2023
£
Tangible fixed assets
8,047
Current assets
230,417
Creditors due within one year
(107,505)
Total
130,959		 Restricted
funds
2023
£
-
4,203
-
4,203		 Total
funds
2023
£
8,047
234,620
(107,505)
135,162

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2022
£
11,516
164,980
(37,711)
138,785		 Restricted
funds
2022
£
-
5,354
-
5,354		 Total
funds
2022
£
11,516
170,334
(37,711)
144,139

18. Pension commitments

The Charitable Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of theCharitable Company in an independently administered fund. The pension cost charge represents contributions payable by the entity to the fund and amounted to £2,541 (2022 - £2,217) during the year. The value of £475 (2022 £nil) were payable to the fund at the balance sheet date and are included in creditors.

19. Related party transactions

There were two related party transactions in the year ending 31 March 2023.

The Trustee N. Morgan (resigned 06/05/2023) has a family member that uses the services of the charity and pays for these services at standard rates. There were no outstanding balances for these services.

R Chambers, the Manager, has a family member who is employed by the charity, receiving remuneration of £22,592 (2022: £16,936).

Page 32