2023-03-31-accounts - Malvern Special Families

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			pages
Trustees'Annual Report			2to 5
Independent Examiner's	Report
Statement ofFinancial Activities
Summary Income and Expenditure		Account
Balance Sheet
Statement ofCash flows				10
Notes tothe Accounts			11to	19
Detailed Statement ofFinancial Activities			20 to	21

	Unrestricted	Restricted	Total	Total Funds
	Funds	Funds	Funds
	2023	2023	2023	2022
		E		E
Income and endowments
from:
Donations and legacies	35,479	88,823	124,302	102,707
Charitable activities	171,854		171,854	219,877
Investments
Government Assistance				5,351
Total:	207,333	88,823	296,156	227,935
Expenditure on:
Charitable activities	175,291	81,573	256,864	228,645
Other	26,672	2,627	29,299	30,755
Total:	201,963	84,200	286,163	259,400
Net gain on investments
Net income/(expenditure}	5,370	4,623	9,993	(31,465)
Transfers between funds	(55)	55
Net income((expenditure)
before other gains/(losses}	5,315	4,678	9,993	(31,465)
Other gains and losses
Net movement in funds	5,325	4,678	9,993	(31,465)
Reconciliation offunds:
Total funds brought forward	31,162	55,044	86,206	117,671
Total funds carried forward	36,477	59,722	96,199	86,206

					2023	2022
					E	E
Income					296,156	227,935
Interest and	investment		income
Gross income for		the year			296,156	227,935
Expenditure					285,553	258,338
Depreciation	and	charges		for
impairment	offixed assets				610	1,062
Total expenditure		forthe		year	286,163	259,400
Net income/(expenditure)			before tax for the year		9,993	(31,465)
Net income/(expenditure)				forthe year	9,993	(31,465)

Company No:07413040	Company No:07413040
		Notes	2023	2022
			E	f
Fixed Assets
Tangible assets		12	1,010	1,620
			1,010	1,620
Current Assets
Debtors		13	47,387	19,936
Cash at bank and	in hand		56,854	77,450
			104,241	97,386
Creditors
Amounts falling due within one year Net current assets Total assets less current liabilities Total Net Assets		14	(9,052) 95,189 96,199 96,199	(12,800) 84,586 86,206 86,206
The funds ofthe charity
Restricted funds
Restricted income	Funds		59,722	55,044
Unrestricted Funds
General funds			36,477	31,162
Total Funds			96,199	86,206

			2023	2022
			E
Cash flows from operating	activities
Net income/{expenditure)	per Statement ofFinancial Activities		9,993	(31,465)
Adjustments for:
Depreciation ofproperty, plant and equipment			610	1,062
Other gains/losses
(Increase)/Decrease in	tr'ade and other receivables		(27,451)	8,523
(Decrease)/Increase in	trade and other payables		(3,748)	1,648
Net cash used in operating	activities		(20,596)	(20,232)
Cash flows from Investing	activities
Payments for property,	plant and equipment			(1,476)
Net cash used in investing	activities			(1,476)
Net cash from financing activities
Net decrease in cash and cash equivalents			(20,596)	(21,708)
Cash and cash equivalents	at the beginning	ofthe year	77,450	99,158
Cash and cash equivalents	atthe end ofthe year		56,854	77,450
Components ofcash and cash equivalents
Cash and bank balances			56,854	77,450
			56,854	77,450

Basis ofpreparation	Basis ofpreparation	Basis ofpreparation	Basis ofpreparation	Basis ofpreparation	Basis ofpreparation	Basis ofpreparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement ofRecommended Practice applicable to charities preparing their accounts in accordance					with
the Financial Reporting Standard applicable in the UK and Republic ofIreland (FRS102}(as amended					for
accounting periods		commencing from 1January 2019)- (Charities SORP (FRS102)),the Financial
Reporting Standard		applicable in the UK and Republic ofIreland (FRS102)and the Companies Act		2006,
The charity is a	Public Benefit Entity as defined by FRS102.The financial statements are prepared		in
sterling, which	isthe functional currency ofthe charity. Monetary amounts in these financial statements
are rounded to	the	nearest E1.
Change in basis	of	accounting orto previous accounts
There has been	no	change to the accounting policies (valuation rules and method ofaccounting)	since
last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds		These are available for use at the discretion ofthe trustees in furtherance	ofthe
		general objects ofthe charity.
Designated funds		These are unrestricted funds earmarked by the trustees for particular purposes.
Revaluation funds		These are unrestricted funds which include a revaluation reserve representing			the
		restatement ofinvestment assets at their market values.
Restricted funds		These are available for use subject to restrictions imposed by the donor or	through
		terms ofan appeal.
Income
Recognition of		Income is included In the Statement ofFinancial Activities (SoFA)when the	charity
income		becomes entitled to, and virtually certain to receive, the income and the amount				of.
		the income can be measured with sufficient reliability,
Income with related		Where income has related expenditure the income and related expenditure		is
expenditure		reported gross in the SoFA,
Donations and		Voluntary income received by way ofgrants, donations and gifts is included	In		the
legacies		the SoFAwhen receivable and only when the Charity has unconditional
		entitlement tothe income.
Tax reclaims on		Income from tax reclaims is included in the SoFA at the same time as the
donations and gifts		gift/donation to which it relates,
Donated services		These are only included in income (with an equivalent amount in expenditure)
and facilities		where the benefit to the Charity is reasonably quantifiable, measurable and
		material.
Volunteer help		The value ofany volunteer help received is not included in the accounts.
Investment income		This is included in the accounts when receivable.
Gains/(losses} on		This!ncludes any gain or loss resulting from revaluing investments to market		value
revaluation ofAxed		atthe end ofthe year.
assets
Gains/(losses) on		This includes any gain or loss on the sale ofinvestments.
investment assets

Expenditure
Recognition	of	Expenditure is recognised on an accruals	basis. Expenditure includes		any VAT which
expenditure		cannot be fully recovered, and is reported	as part ofthe expenditure		to which it
		relates,
Expenditure	on	These comprise the costs associated with	attracting	voluntary income, fundra ising
raising funds		trading costs and Investment management	costs.
Expenditure	on	These comprise the costs incurred by the	Charity in the delivery ofits		activities and
charitable activities		services in the furtherance of its objects, including		the making ofgrants and
		governance costs.
Grants payable		All grant expenditure is accounted for on	an actual	paid basis plus an	accrual for
		grants that have been approved by the trustees at		the end ofthe year but not yet
		pa icl.
Governance	costs	These include those costs associated with	meeting	the constitutional	and statutory
		requirements ofthe Charity, including any audit/independent examination fees,
		costs linked tothe strategic management	ofthe Charity, together with a share of
		other administration costs.
Other expenditure		These are support costs not allocated to a particular		activity.

					Unrestricted	Restricted	Total
					funds	Funds
					2022	2022	2022
					f	f
Income and endowments		from:			16,957	85,750	102,707
Donations and legacies
Charitable activities					119,877		119,877
Investments
Government Assistance					5,351		5,351
Total:					142,185	85,750	227,935
Expenditure on:
Charitable activities					171,870	56,775	228,645
Other					29,343	1,412	30,755
Total:					201,213	58,187	259,400
Net gain on investments
Net (expenditure)/income					(59,028)	27,563	(31,465)
Transfers between	funds				(34)	34
Net (expenditure)/income			before other	gains/(losses)	(59,062)	27,597	(31,465}
Other gains and losses
					(59,062)	27,597	(31,465)
Net movement in funds
Reconciliation offunds:
Total funds brought	forward				90,224	27,447	117,671
Total funds carried	forward				31,162	55,044	86,206
4 Income from donations			and legacies
				Unrestricted	Restricted	Total	Total
				2023 f	2023 f	2023 f	2022f
Donations and legacies				12,479		12,479	13,571
General Grants provided		by
Government/Other	Charities			23,000	88,823	111,823	89,136
				35,479	88,823	124,302	102,707
S Income from charitable			activities
					Unrestricted	Total	Total
					2023	2023	2022
Charitable Activities	—Parent Fees				36,957	36,957	35,273
Charitable activities					134,897	134,897	84,604
Total					171,854	171,8S4	119,877

6 Income from	G	overnm	ent	Assistance
						Unrestricted	Total	Total
						2023	2023	2022
Covid-19 CJRS Payments								5,351
Total								5,351
7 Expenditure	on	charitable		activities
				Unrestricted		Restricted	Total	Total
					2023	2023	2023	2022
					E		f	E
Gross Wages and	Nl				164,764	75,435	240,199	220,014
Activities, transport Rent 5School hire		and Equipment			5,421 3,863	587 4,312	6,008 8,175	5,059 1271
Insura nce					1,243	1,239	2,482	2,301
					175,291	81,573	256,864	228,645
Expenditure on charitable			activities —comparative		year
				Unrestricted		Restricted	Total
					2022	2022	2022
					f
Gross Wages and	Ni				170,082	49,932	220,014
Activities, transport		and Equipment			822	4,237	5,059
Rent S.School hire					273	998	1,271
Insurance					693	1,608	2,301
					171,870	56,775	228,645
8 Other expenditure
				Unrestricted		Restricted	Total	Total
					2023	2023	2023	2022
Empioyee costs					4,238	1,290	5,528	5,846
Motor and travel costs					3,211	1.337	4,548	3,9?0
Premises costs					7,395		7,395	7,174
Depreciation					610		610	1,062
General administrative		costs			6,602		6,602	5,503
Legal and professional		costs			4,616		4,616	7,200
Total					26,672	2,627	29,299	30,755

9 Net expenditure before transfers	9 Net expenditure before transfers
		2023	2022
This is stated	after charging:
Depreciation	ofowned fixed assets	610	1,062
Independent	Examiner's fee	1,428	1,260

10 Trustee remune	ration and expenses
		2023	2022
		Number	Number
Number oftrustees	paid expenses
11 Staff costs
		2023	2022
Salaries and wages		231,692	211,041
Socia I security costs		5,883	6,345
Pension costs		2,624	2,628
		240,199	220,014

		2023	2022
		NumiYer	Number
Full	Time
Part	Time	45
		48

				Plant &	Total
				Machinery
				f
Cost or revaluation
At 1April 2022				7,742	7,742
Additions
At 31March 2023				7,742	7,742
Depreciation and impairment
At 1April 2022				6,122	6,122
Depreciation charge for the year				610	6M
At 31March 2023				6,732	6,732
Net Bookvalues
At 31March 2023				1,010	1,010
At 31March 2022				1,620	1,620
13 Debtors
			2023		2022
Trade Debtors			19,252		464
Other Debtors			1,512		1,532
Prepayments and accrued income			26,623		17,940
			47,387		19,936
14 Creditors:
Amounts	falling	due within one year
			2023		2022
			f		f
Trade Creditors			344		959
Other taxes and	social	security
Other creditors			473		415
Accruals and deferred		income	8,235		11,426
			9,052		12,800

15 Movem	ent in	funds
			At	1April	Incoming	Resources	Gross	At 31
			2022		Resources	Expended	Transfers	IVlarch
					(including			2023
					other
					gains/
					losses)
Restricted funds:
Restricted	income	funds:
National Lottery				44,436	86,455	P7,03o)		53,861
Community	Fund
WCF					2,368			2,368
National Heritage		Lottery		2,950				2,950
Other Donations				7,658		(7,170)		543
Total				55,044	88,823	(84,200)	55	59,722
Unrestricted	funds:
General funds				31,162	207,333	(203.,963)	(55)	36,477
Revaluation	Reserves:
Total Funds				86,206	296,156	(286,163)		96,199

Movement in funds —prior year	Movement in funds —prior year
	At	1April	Incoming	Resources	Gross	At 31
	2021		Resources	Expended	Transfers	March
			(including			2022
			other
			gains/
			losses)
Restricted funds:
Restricted income	funds:
National Lottery			68I750	(24,314)		44,436
Community Fund
WCF			10,000	(10,000)
National Heritage	Lottery	2,950				2,950
Bally Thomas Trust		20,000		(20,000)
Other Donations		4,497	7IOOO	(3,873)		7,658
Total		27,447	85,750	(58,187)	34	55,044
Unrestricted funds:
General funds		90,224	142,185	(201,213)	{34)	31,162
Revaluation Reserves:
Total Funds	117,671		227,935	(259,400)		66,206
16 Analysis ofnet	assets between	funds
				Unrestricted	Restricted	Total
				Funds	Funds
Fixed assets				1,010		1,010
Net current assets				35,467	59,722	95,189
At31March 2023				36,477	59,722	96,199
At 31March 2022				31,162	55,044	86,206

			Unrestricted	Restricted	Total	Total Funds
			Funds	Funds	Funds
			2023	2023	2023	2022
Income and endowments		from:
Donations and legacies
Donations and Legacies			12,479		12,479	13,571
General Grants provided by Government/Other Charities			23,000	88,823	111,823	89,136
			35,479	88,823	124,302	102,707
Charitable activities
Charitable Activities			36,957		36,957	35,273
Activities, Transport	and
Equipment			134,897		134,897	84,604
			171,854		171,854	119,877
Government Assistance
Government Grants	relating to
Covid-19						5,351
Total income and endowments			207,333	88,823	296,156	227,935
Expenditure on:
Charitable activities
Gross Wages and Nl			164,764	75,435	240,199	220,014
Activities, transport	and	Equipment	5,421	587	6,008	5,059
Rent R School hire			3,863	4,312	8,175	1,271
Insurance			1,243	1,239	2,482	2,301
			175,291	81,573	256,864	228,645
Total ofexpenditure	on charitable		175,291	81,573	256,864	228,645
activities
Employee costs
Salaries/Wages
Staff training			4,238	1,290	5,528	5,846
			4,238	1,290	5,528	5,846
Motor and travel costs
Travel and subsistence			3.211	1337	4,548	3,970
			3,211	1.337	4,548	3,970
Premises costs
Rent			6,145		6,145	5,088
Light, Heat and Power			670		670	347
Premises repairs and	maintenance		580		580	1,739
			7,395		7,395	7,174

MALVERN SPECIAL FAMILIES	MALVERN SPECIAL FAMILIES	MALVERN SPECIAL FAMILIES
General administrative costs, including
depreciation and amortisation
Depreciation of Plant & Machinery			610		610	1,062
Bank charges			456		456	406
information and publications			198		198	357
Postage and couriers			197		197	11
Software, ITsupport and	related	costs	541		541	488
Stationery and printing			1,511		1,511	1,389
Subscriptions			1,186		1,186	1,083
Sundry expenses			794		794	424
Telephone, fax and broadband			1,719		1,719	1,345
			7,212		7,212	6,565
Legal and professional costs
Audit/independent examination		fees	1,428		1,428	1,260
Accountancy and bookkeeping			3,188		3,188	5,940
Solicitor's fees
			4,616		4,616	7,200
Total ofexpenditure ofother costs			26,672	2,627	29,299	30,755
Total expenditure			201,963	'84,200	286,163	259,400
Net gains on investments
Net income/(expenditure)			5,370	4,623	9,993	(31,465)
Transfers between funds			(55)	55
Net income/(expenditure)	before
other gains/(losses)			5,325	4,678	9,993	(31,465)
Other gains
Net movement in funds "Reconciliation offunds:			5 315	'4,678	9,993	(31,465)
Total funds brought forward			31,162	55,044	86,206	117,671
Total funds carried forward			36,477	59,722	96,199	86,206