Registered number: 03036897 Charity number: 1047075 MARCHES FAMILY NETWORK UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 WR Partners Protecting your future. ARCHES FAMILY NETWORK (A company limited by guarantse) CONTENTS Page Reference and administratlve detalls of the Charilable Company, Its Trustees and advisers Trustees. report Independent examlnerfs report Statement of financlal actlvities 2-13 14-15 16 Balance sheet 17-18 Notes to the flnanclal statem•nts 19-32 MARCHES FAMILY NETWORK (A company limited by guarantso) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, rrs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees Miss L Baker {appointed 15 September 2023, resigned 11 December 2023) Mr G A Crane (resigned 6 May 2023) Mrs J Howe (appointed 18 January 2023, resigned 6 May 2023) Mr R Mather, Vice Chair Ms M l M Morgan (appointed 19 April 2023, resigned 5 February 2024) Mrs N L Morgan (resigned 6 May 2023) Mr S Outterside (appointed 15 September 2023, resigned 2 June 2024) Mr J Swann (appointed 18 January 2023, resigned 6 May 2023) Mr S Thomas (appointed 16 June 2022, resigned 5 May 2023) Mr R Wi180n (appointed 15 September 2023) Ms C Wozencroft {appointed 15 September 2023, resigned 13 August 2024) Mr A Carpenter, Chair (appointed 11 December 2023, resigned 3 October 2023) Mrs K Turner. Treasurer (appointed 5 February 2024) Company registered number 03038897 Charity registered number 1047075 Reglstored offlc• Mortimer House Holmer Road Hereford Herefordshire HR4 9TA Company secretary Mrs R Chambers Accountants WR Partners Chartered Accountsnts Belmont House Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG Bankers CAF Bank 25 Kings Hill West Malling Kent ME19 4TA Page 1 MARCHES FAMILY NETWORK (A company Ilmited by guarantee> TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Worklng with and for young people wlth dlsabllltles and their farnilies Anylhin9 ts possible when everyone Is included. .3. The Tfustees, who are also dlrectors of the Charity for the purposes of the Companies Act, have the pleasure of presenting their annual report together wlth the financlal slatements of the Charitable Company for the 1 April 2023 10 31 March 2024. The Annual report serves the purposes of bolh a Truslees, report and a directors, report under company law. The Trustees confim that the Annual report arKI financial statements of the charitable company compty with the current statutory requirements, the requireff*nts of Ihe charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charfties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and RepublSe of Ireland (FRS102) (effe¢live 1 January 2019). Since the Charitable Company qualifies as small under seclion 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 {Strategic Report and Dlrectors, Report) Regulations 2013 has been omitted. Page 2 WIARCHES FAMILY NETWORK (A company Ilmited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Who We Are Marches Family Network was established in 1982. under the auspices of Contact A Famlly, 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 MIs8lon To dellver a wide range of high quality, accessible short breaks, respite and support services, empowering children and young people with disabilities and their farnilies. Our Alms Through our work we aim to.. Empower children. young people and their families. Support children and young people with disabilities to reach their full potential Raise disability awareness Promote social inclusion We believe that no child should be excluded b￿use of a disability. Page 3 MARCHES FAMILY NETWORK IA company Ilmlted by guaranto8> TRUSTEES. REPORT (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Our Framework for D•llvoring Our Aims Help our young poople to become reslllent Indlvlduals by: Providing a safe environment for them to explore and make friends. Promoting independence and the development of key skills for life. Developing a sense of belonging and promoting positive self-image. Help our young people to be¢ome socially competent by: Providing opportunities to practice social skills and develop positive strategies for managing behaviour and emotions. Promotion of inclusion through access to appropriate activltles and through developing parenucarer networks. Supporbng them to access local community events, activities and facilities. Help our young poople to become successfvlloamers by: Providing appropriate levels of support to leam, develop, access, and engage with hands-on, practical experiences. Emphasis on health, wellbeing and being active. Developing a culture of confMJence. working from their strengths and interests. Empower the families of our young people by: Offering choice to the young people and their families through a range of seNices and activities. Provide resplte opportunities, advice and information. The support will increase family resilience. Ensuring the young people and their families have opportunities to be heard and Involved in the decision-making pro￿sS. Objoctiv88 and activities . Publlc beneflt stat•ment In setting objectives and pl8nning for activities, the Twstees have given due consideration to general guidan published by the Charity Commission relating to public benefi( including the guidance 'Public benefit: running a charlty {PB2}'. Achlevements and performance a. Key perforniance Indlcators Throughout the year Marches Famity Network continued to provide respite sessions for registered children. young people and their families. During the period April 2023 to March 2024, we were able to provide 50 8e88ions, which was a total of 3,188 hours respite for parents, carers and their families. We registered 5 young people during the year, enabling them to access our services and. by 31st March 2024, we had 217 young people registered to access our services and 70 young people on our waiting list. The families on our waiting list cannot yet access our respite services but are able to access our family sessions and trips and our parenvcarer wellbeing sessions. Page 4 MARCHES FAMILY NETWORK (A company Ilmited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and ￿rfOrManCe {contSnued) Saturday and Summor Holiday Sggslons Funding and the avallability of stsff 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 fun- packed summer scheme, this year we also offered smaller schemes in the October and February half tsmis and the Easter holidays. All of our sessions were fulty supported by our well-tralned and dedicated workers and volunteers, enabling parents and carers to enjoy some respite time. At our Play+ sessions preference is given to children arKI young people who have a support ratio of 1 to 1 or higher. At our KrrE sessions preference is given to children and young people who are in group ratios. Our Young Explorer sesslons are open to all children and young people that are reglstwed with us. We aim to visit venues that we can travel to within a 2-hour travel Tadius that we think the young people will benefit from accessing. The trips are a longer day, whKh 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 M88 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 brfnglng their joy and enthusiasm to our sessions. We vRlcomed back familiar faces such as Jon the Potter, Bym from Beat. Bang. Bong, Ruth from 3Degreez Cheerleading. Olivia from Creative Minds, Sarah from Dandy Llons, Wildplay. Shooting Stars Circus, Sal Tonge, Animal Mania and Alison Houlbrooke. Most importantty, the children and young people had lols of fun and made new friendsl Page 5 MARCHES FAMILY NETWORK (A company Ilmlted by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achlevements and perfonnan¢o (¢ontlnued) Our Play+, Messy M8s and KITE sesslons took place at various accessible venues within the county. We would like to thank the following venues for allowlng us to use their premises and being so understanding with our requests. Westfield School, Leominster Saxon Hall - Putson Community Centre, Hereford Kingsland Coronation Hall Withington Village Hall Holmer Parish Centre, Hereford Blackmarston School, Hereford Our youth team worked well together to ensure every day was filled wth 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 participats In Is endlessl Page 6 MARCHES FAMILY NETWORK (A company limlted by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and perforniance (contlnuod) Our Young Explorers trips included 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, Techniquest in Cardiff, and Madley Environmental Study Centre and Oaker Wood in Herefordshlre. 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 wlsh that we had enough staff to be able to lake everyone who wants to attend. One dayl During some of our sessions we were fortunate to be able to work with Olivia Mabey who helped us to create the back drops for the dlsplay featuring Ella Mary Leather that is in Leominster Museum for the 2024 season. Page 7 MARCHES FAMILY NETWORK IA company Ilmlted by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achiovements and performance (continued) Famity Support The Family Projects Co-ordinator remained aclive in supporting the families registered with the Charity by.. Directly supporting families with Disability Living Allowan￿ {DL4) and Personal Independence Payment (PIP) applications and appeals. conducts.ng welfare checks to ensure families registered with the Charity felt supported. Prov¢ding advice, signposting and welfare support to registered families Attending, professional meetings and reviews to support the young people and their familles, Attending relevant training courses to ensure that advice provided to the families is current and relevant, induding welfare benefits training. Organising and delivering a family trips, famity sessions and parenvcarer wellbeing sessions. The Family Project8 Co-ordinator, family sessions, family trips and parenvcarer wellbeing sessions have been funded by a grant from Reaching Communities Lottery funding. b. The Staff Marches Famity NebNork 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 ￿gUlar training and refresher days. we were grateful for the support of the Community Paediatric Nursing Team who obseNe and certify nominated staff as competent to deliver gastrostomy feeds. The offi￿ team during 2023124 were Rae Chambers - Manager. Deputy Designated Safeguarding Lead Kerry Williams - Fundraising Co-ordinator. Family Projects Co-ordinator, Designated Safeguarding Lead Meg Chambers - Projects Co-ordinator and Leader, Deputy Designated Safeguarding Lead Steve Cameron - Accounts and Payroll Assistant Melissa Fitzmaurice- Recruitment and Development Officer- resigned September 2023 Kelly Tumer- Recruitment and Development Officer Julie Gander- Office Administrator- resigned September 2023 Eva George - Office Administrator Page 8 MARCHES FAMILY NETWORK IA company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢hl•vements and performanco (continued) The staff at the sessions during 2023124 were Session LeaderyJ: Meg Chambers, Max Duelli and Sam Price, Ben Morgan Senlor Youth Workern: Jake Bufton. Lucy Burden, Rebecca Cutler, Max Duelli, Jennie Holloway, Sarah Meadmore, Ben Morgan, Amanda Palmer, Sam Price, Jake Robbins, Emma Robinson, Katie Rudd, Sophie Stockton and Abby Stone. Youth Support Workers and Voluntsers: Antonia Allert. Maisie Andrews, Laura Brian. Amber Cheung, Evie Cobb. Charlotte Colbert, Zosia Cooper. Alice Daniels, Millie Eaton, Summer- Louise Edwards. Eva George, Ffion Harper, Ash Haskett, Becka Haskett, Asher Jenkins, Emma Jones, Olivia Kendrick, Larissa Matthews, Rosie Morton, Sheilan Naghshbandi, Courtney Pary. Jess Pitt, Donna-marie Price, Alison Pritchard. Jayesh Punn, Riley Reed, Ellie Roberts, Hazel Schramm. Isabella Scoles, Archie Seaborne, Kinjell Singh, Molly Tyler, Paige Walters, Lauren Waygood and Elio Wilson The Trustees would like to thank all the staff who tirelessly, often with last-minute changes or cancellations to our plans They continue to ensure that Marches Family Ne￿Ork 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 2024 Achlevements and performance (contlnuod> c. Funding and Support Marches Famity Network have been successful in re￿Iving grant funding from the following organisations. who we would like to tske this opportunity to thank very muth. A N McKechnie Foundation Asda Community Foundation BBC Children in Need Mrs E Banks Bamard Kenneth Hufton Charity Baron Davenport's Charity Dr A Butterfill C M Aarvold Charitable Trust Croft Trust Douglas Arter Foundation E F Bulmer Trust Four Acre Trust Garfield Weston Foundation Jessle's Fund Happy Days Children's Charity Hereford City Councll Hereford City Rotsry Club Hereford Police Male Volce Cholr Herefordshire Community Foundatlon Herefordshire Means Business HR-One Inchrye Trust Lindenleaf CIO Lillie Johnson Charitable Trust Margaret Ajlen Foundation Middlesex Sports Foundation Monmouthshire Building Society Platform Community Chest Rachel Charitable Trust Richards Castle Soap Box Derby Rotary Club of Leominster Royal Edward Lodge, Leominster Mr A Stone Sir Jules Thorn Charitable Trust Tesco Stronger Stsrts The 2￿h May 1961 Charitable Trust The Alchemy Foundation The Alex Roberts-miller Foundation The Ardwick Trust The Bally Thomas Charitable Fund The Blakernore Foundation The Burford Trust The D M F Ellis Charitable Trust The Dean Leigh & Dean Rathbone Charitab18 Fund The Edmund Godson Charity The Edward Gostling Foundation The Edward & Dorothy Cadbury Trust The Eveson Trust The February Foundation The Fitton Trust The Gannett Foundation The Hereford Society for Aiding the Industrious The Michael and Anna Wix Charitable Trust The Mumford Memorial Trust The National Lottery- Reaching Communities The Rest-Harrow Trust The Robert Gavron Charitable Trust The Roger and Douglas Turner Charitable Trust The Oak Inn, Staplow The Sam Morley Charitsble Trust The Souter Charitable Trust The Street Foundation The Wilrncote Charitrust UK Youth Wheelwrights Charity Webb Family Charitable Trust Wesffield Health Charitable Trust And a big thank you to the many generous private and anonymous donors Page 10 MARCHES FAMILY NETWORK (A company Ilmitsd by guarantee) TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Achlevements and performance (continued) Financial review . 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 £61,241 (2023 incoming £-8,977). Marches Family NeI￿Ork 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 thé discretion of the trustees. At the year end the charity had Restricted reserves of £21,500 (2023 £4,203) Designated reser¥es of £144,555 {2023 £130,000) Unrestricted reseNes of £30,348 (2023 £959) 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 conb'nue to adopt the going concern basis in preparing the financial statement5. Further details ￿gardIng 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 £59,555 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 bjnding cycle of the charity and support the consistent provision of 8eNices as described above. At the year end the charity had free reserves of £24,681, including the 'Winding up, designated fund and less the unrestricted fixed assets (2023 £37.912). The charity held total unrestricted reserves of £174.903 (2023 £130,959) and restricted reserves of £21,500 (2023 £4,203). Page11 MARCHES FAMILY NETWORK (A company Ilmlted by guarantee) TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Stru¢ture9 governance and management . 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 responsibilty of the Trustees who are elected and co-opted under the terms of the Trust deed. c. Organisational structure and de¢lslon-making po15cles The Directors who served the company during the period were as follows: Steve Thomas Andrew Carpenter Nickatie Morg8n Rick Mather Graham Crane Karen Tumer Chair to 5.5.23 Chair from 11.12.23 VI￿ Chair to 6.5.23 Vice Chair from 11.12.23 Treasurer to 6.5.23 Treasurer from 18.3.24 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 COpOPted under the terms of the Memorandum and Articles of Assoclation. The Charity is managed by Charty Manager, Rae Chambers, who reports directly to the Exiard of Trustees. The Trustees meet monthly with the excepti¢)n of August to ensure effective development, implementstlon 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 potents.al trustees are sought through many routes and are aknys welcome. All applications are reviewed. and successfvl applicants are then offered training and support, along with detailed infomation as provided by the Charity Commission. to ensure they fully understsnd 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 systerns to mitigate significant risks. Page 12 MARCHES FAMILY NETWORK (A company limited by guarante0> TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Plans for future periods The Charty is committed to expanding and developing its range of services to meet the need5 of the young people and families it supports and recognises the need to increase the youth team, in order to effect sustainable groNth. The Trustees wognise that in order to expand the Charity it is desirable to have larger premises to be able to operate from one site. This is to be kept under review. Larger premises would enable the charity to re-open their registers to new families as it would mean that we could potentially accept more children and young people to our sessions. Statsment of Trusteos. rosponsibilltles The Trustees (who are also the directors of the Charitable Company for the purposes of company law) are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the stste of affairs of the Charitsble Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently,. obseNe the methods and principles of the Charities SORP (FRS 102)., make judgments and arxounting estimates that are reasonable and prudent,. state whether applicable UK Accounting Standards (FRS 102} have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it 18 inappropriate to presume that the Charitable Company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charitsble Company's transactions and disclose with reasonable accuracy at any time the financial position of the Charitable Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charitable Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by: Date: Page 13 MARCHES FAMILY NETWORK IA Company Ilmlted by guarantee) INDEPENDENT EXAPJIINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Independent Examinerfs Report to tho Trustees of Marches Famity Network Ilhe Charitable Company.) I report to the charity Trustees on my examination of the accounts of the Charitable Company for the year ended 31 March 2024. Responsibilities and Basls of Report As the Trustees of the Charitable Company (and its directors for the purposes of company law) you are sponsible 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 undeT 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) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of oxpenditure by actlvlties (conllnued) Analysis of Support costs Total funds 2024 Total funds 2023 Activltles 2024 Staff costs Depreciation Rent and rates Computer costs Insurance Repairs and renewals Training costs Stationery, printing and postsge Telephone Bank charges Sundries Advertising Subscriptions Recruitment Legal and professlonal Accountancy Govemance costs 110.211 3.533 17.226 5.007 2,177 110,211 3.533 17,226 6.007 2,177 484 11.633 1.197 1.610 325 1.796 75,012 3,469 15,540 7,463 2,002 885 5,952 1.195 1,453 345 1, 786 170 346 11.633 1,197 1.610 325 1.796 1.001 242 242 1.159 5.500 2,340 911 1.159 5,500 2.340 7, 523 2,040 626 166,352 166,352 127,207 Total 2023 127,207 127,207 Independent examlnerfs remuneratksn The independent examinerfs remuneration amounts to an independent examiner fee of £1.140 (2023 £1, q10), and accounts preparation, corporation tax retum and filing with regulatory bodies of £1,200 {2023 - £930). Page 25 MARCHES FAMILY NETWORK (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 10. Staff costs 2024 2023 Wages and salaries Social security costs Contribution to defined contribution pension scheme 174295 3,605 3,105 139, 198 2,473 2,541 181,005 144,212 The average number of persons employed by the Charitable Company during the year was as follows: 2024 No. 2023 Employees 24 No employee received remuneration amounting to more than £60,000 in either year. Totsl benefits paid to management personel were £38,257 {2023: £35,695) mad8 up from salaries, Employerfs Nl and Employerfs pension contributions 11. Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2023- £NIL). During the year ended 31 M8rch 2024, no Trustee expenses have been incurred (2023- £NIL). Page 26 MARCHES FAMILY NETWORK (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Tangible fixed assets Motor Flxtures and vehicles flttings Offlce equlpment Total Cost or valuallon At 1 April 2023 Additions 6,780 4,615 11,861 1,152 23,256 1,152 At 31 March 2024 6,780 4,615 13.013 24M08 D•pro¢latlon At 1 April 2023 Charge for the year 4.516 666 2,277 1,153 8h16 1.813 15,209 3,532 At 31 March 2024 5.082 3,430 10,229 18.741 Net book value At 31 March 2024 1.698 1,185 2,784 5,667 At 31 March 2023 2, 264 2,338 3,445 8,047 13. Stocks 2024 2023 Finished good8 and goods for resale 707 629 14. Debtors 2024 2023 Due wlthln one year Trade debtors Prepayments and accrued income 299 21,751 59 15,357 22,050 15,416 Page 27 MARCHES FAMILY NETWORK (A company Ilmlted by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. Creditors: Amounts falling due wlthin one year 2024 2023 Trade credÉtors 4,478 2.266 5. 135 1.949 475 2,940 97.006 other taxation and social security Pension fund loan payable Other creditors Accruals and deferred income 10.224 104,601 121.569 q07.505 The deferred income relates to income received that has been rasied for use during the ft)Ilowing financial year. Page 28 MARCHES FAMILY NETWORK (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 16. Statement of funds Statement of funds - current year Balance at 31 March 2024 Balance at I April 2023 Transfers Inlout Income Expenditure Unrestrlcted funds Designated funds Winding up Costs Premises 45.000 85.000 14.$55 59,555 85,000 130,000 14.555 144,555 Gonoral funds General Funds 959 83,688 (39.744) 114,5S5) 30.348 Total Unrestricted funds 130,959 83.688 (39.744) 174.903 R•$trl¢t¢d funds Play + Core Cost Young Explorer KITE Family trips Kite Under 8,8 Resources Parent Care & Wellbeing Family Sessions 4,203 47,008 99,583 28,779 46,046 3N26 6,300 1.622 4,573 3.653 141,211) 199,583) 128,779) (34,546) 13,426) 16,300) 11.522) (4,573) 13,653) 10,000 11,500 4,203 240.890 (223,593) 21,500 Total of funds 135,162 324,578 (263,337) 196,403 Page 29 MARCHES FAMILY NETWORK (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 16. Statsm•nt of funds (contlnued) Material restricted funds that had over £10.000 income In the year comprise of: 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 wlth their friends. these sesslons are accessible to those young p8ople who require a minimum of one-to-one support. 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 Ilmltsd by guarante0> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 16. Statement of funds {contlnued) statement of funds - prior year Balance at 31 Ma￿h 2023 Balance at l Apnl 2022 Transfers in/out Inconye Expenditure Unrestricted funds DKignated fvnds Winding up Costs Premises 40,000 85.000 5, 000 45,000 85,000 125.000 5. 000 130,000 General funds General Funds 13.785 86,127 (93,953) (5, 000) 959 Total Unrestricted funds 138. 785 86. 127 (93.953) 130,959 Restricted funds Play + Core Cost Young Explorer KITE Family trips te Under 8's Resources 5.354 45,024 24,500 19,992 29,016 1,679 2. 689 750 (46. 175) (24.500) (19,992) (29.Oq6J (1,679) (2.689) (750) 4,203 5,354 123. 650 (124. 801) 4.203 Total of funds 144,139 209, 777 (218, 754) 135.162 Page 31 MARCHES FAMILY NETWORK IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. Analysis of net assets between funds Analysig of not assets between funds - currenl perlod Unrestrfcted Restrfctsd fun(ts funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year 5.687 290,805 {121.569) 5.667 312.305 1121A69) 21,500 Total 174.903 21,500 196A03 Anatysis of net assets between fund8 - prior period Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Tangible fixed assets Current as5et5 Creditors due within one year 8,047 230.417 (107,505) 8,047 234,620 (107.505) 4.203 Total 130,959 4, 203 135,162 18. Penslon commitments The Charitable Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charitable Company in an independently administered fund. The pension cost charge represents contributbons payable by the entity to the fund and amounted to £3.105 (2023 - £2,541) during the year. The value of £nil (2023 £475) were payable to the fund at the balance sheet date and are included in creditors. 19. Related party transactions There were three related paty transactions in Ihe year ending 31 March 2024. The Trustee N. Morgan (resigned 0610512023) has a family member that uses the seNices of the charity and pays for these services at standard ratss. There vRre no outslanding balances for these services. R Chambers, the Manager and R Wilson. Trustee. have family members employed by the charity, re￿Iving combined remuneratk>n of £26,935 (2023: £22.592). Page 32