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





## 

## 

## 

## 

## 

## 



## 

## 



## 

## 

## 



## 




## 

## 

## 

## 




||Notes|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<br>Assistance|||||5,351|
|Total:||207,333|88,823|296,156|227,935|
|Expenditure<br>on:||||||
|Charitable<br>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<br>between<br>funds||(55)|55|||
|Net income((expenditure)||||||
|before other gains/(losses}||5,315|4,678|9,993|(31,465)|
|Other gains and losses||||||
|Net movement<br>in funds||5,325|4,678|9,993|(31,465)|
|Reconciliation offunds:||||||
|Total funds brought<br>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<br>No:07413040|Company<br>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<br>falling due within one year<br>Net current assets<br>Total assets less current liabilities<br>Total Net Assets||14|(9,052)<br>95,189<br>96,199<br>96,199|(12,800)<br>84,586<br>86,206<br>86,206|
|The funds ofthe charity|||||
|Restricted funds|||||
|Restricted<br>income|Funds||59,722|55,044|
|Unrestricted<br>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<br>for:|||||
|Depreciation ofproperty,<br>plant and equipment|||610|1,062|
|Other gains/losses|||||
|(Increase)/Decrease<br>in|tr'ade and other receivables||(27,451)|8,523|
|(Decrease)/Increase<br>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<br>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<br>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<br>have been prepared<br>in accordance with Accounting<br>and Reporting<br>by Charities:|||||||
|Statement ofRecommended<br>Practice applicable to charities preparing<br>their accounts<br>in accordance|||||with||
|the Financial<br>Reporting Standard<br>applicable<br>in the UK and Republic ofIreland (FRS102}(as amended|||||for||
|accounting<br>periods||commencing<br>from 1January 2019)- (Charities SORP (FRS102)),the Financial|||||
|Reporting Standard||applicable<br>in the UK and Republic ofIreland<br>(FRS102)and the Companies<br>Act||2006,|||
|The charity is a|Public Benefit Entity as defined<br>by FRS102.The financial statements<br>are prepared||in||||
|sterling, which|isthe functional<br>currency ofthe charity. Monetary<br>amounts<br>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<br>policies (valuation<br>rules and method ofaccounting)|since||||
|last year and no changes have been made to accounts for previous years.|||||||
|Fund accounting|||||||
|Unrestricted<br>funds||These are available for use at the discretion ofthe trustees<br>in furtherance|ofthe||||
|||general objects ofthe charity.|||||
|Designated<br>funds||These are unrestricted<br>funds earmarked<br>by the trustees for particular<br>purposes.|||||
|Revaluation<br>funds||These are unrestricted<br>funds which include a revaluation<br>reserve representing|||the||
|||restatement<br>ofinvestment<br>assets at their market values.|||||
|Restricted funds||These are available for use subject to restrictions<br>imposed<br>by the donor or|through||||
|||terms ofan appeal.|||||
|Income|||||||
|Recognition of||Income is included<br>In the Statement ofFinancial Activities (SoFA)when the|charity||||
|income||becomes entitled to, and virtually<br>certain to receive, the income and the amount||||of.|
|||the income can be measured<br>with sufficient<br>reliability,|||||
|Income with related||Where income has related expenditure<br>the income and related expenditure||is|||
|expenditure||reported gross in the SoFA,|||||
|Donations and||Voluntary<br>income received by way ofgrants, donations<br>and gifts is included|In||the||
|legacies||the SoFAwhen receivable and<br>only when the Charity has unconditional|||||
|||entitlement<br>tothe income.|||||
|Tax reclaims on||Income from tax reclaims<br>is included<br>in the SoFA at the same time as the|||||
|donations<br>and gifts||gift/donation<br>to which it relates,|||||
|Donated services||These are only included<br>in income (with an equivalent<br>amount<br>in expenditure)|||||
|and facilities||where the benefit to the Charity is reasonably<br>quantifiable,<br>measurable<br>and|||||
|||material.|||||
|Volunteer<br>help||The value ofany volunteer<br>help received is not included<br>in the accounts.|||||
|Investment<br>income||This is included<br>in the accounts when receivable.|||||
|Gains/(losses} on||This!ncludes any gain or loss resulting<br>from revaluing<br>investments<br>to market||value|||
|revaluation<br>ofAxed||atthe end ofthe year.|||||
|assets|||||||
|Gains/(losses)<br>on||This includes any gain or loss on the sale ofinvestments.|||||
|investment<br>assets|||||||





|Expenditure||||||
|---|---|---|---|---|---|
|Recognition|of|Expenditure<br>is recognised on an accruals|basis. Expenditure<br>includes||any VAT which|
|expenditure||cannot be fully recovered,<br>and is reported|as part ofthe expenditure||to which it|
|||relates,||||
|Expenditure|on|These comprise the costs associated with|attracting|voluntary<br>income, fundra ising||
|raising funds||trading costs and Investment<br>management|costs.|||
|Expenditure|on|These comprise the costs incurred<br>by the|Charity<br>in the delivery ofits||activities and|
|charitable activities||services in the furtherance<br>of its objects, including||the making ofgrants and||
|||governance costs.||||
|Grants payable||All grant expenditure<br>is accounted for on|an actual|paid basis plus an|accrual for|
|||grants that have been approved<br>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<br>ofthe Charity,<br>including<br>any audit/independent<br>examination<br>fees,||||
|||costs linked tothe strategic management|ofthe Charity, together with a share of|||
|||other administration<br>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<br>and legacies||||||||
|Charitable<br>activities|||||119,877||119,877|
|Investments||||||||
|Government<br>Assistance|||||5,351||5,351|
|Total:|||||142,185|85,750|227,935|
|Expenditure<br>on:||||||||
|Charitable<br>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<br>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<br>Income from donations|||and legacies|||||
|||||Unrestricted|Restricted|Total|Total|
|||||2023<br>f|2023<br>f|2023<br>f|2022f|
|Donations<br>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<br>Income from charitable|||activities|||||
||||||Unrestricted|Total|Total|
||||||2023|2023|2022|
|Charitable<br>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<br>Income from|G|overnm|ent|Assistance|||||
|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Total|Total|
|||||||2023|2023|2022|
|Covid-19 CJRS Payments||||||||5,351|
|Total||||||||5,351|
|7<br>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<br>Rent 5School hire||and Equipment|||5,421<br>3,863|587<br>4,312|6,008<br>8,175|5,059<br>1271|
|Insura nce|||||1,243|1,239|2,482|2,301|
||||||175,291|81,573|256,864|228,645|
|Expenditure<br>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<br>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<br>Net expenditure<br>before transfers|9<br>Net expenditure<br>before transfers|||
|---|---|---|---|
|||2023|2022|
|This is stated|after charging:|||
|Depreciation|ofowned fixed assets|610|1,062|
|Independent|Examiner's<br>fee|1,428|1,260|



## 

|10 Trustee remune|ration<br>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<br>and impairment||||||
|At 1April 2022||||6,122|6,122|
|Depreciation<br>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<br>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<br>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<br>Lottery||||44,436|86,455|P7,03o)||53,861|
|Community|Fund||||||||
|WCF|||||2,368|||2,368|
|National<br>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<br>in funds —prior year|Movement<br>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<br>Lottery|||68I750|(24,314)||44,436|
|Community<br>Fund|||||||
|WCF|||10,000|(10,000)|||
|National<br>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<br>funds:|||||||
|General funds||90,224|142,185|(201,213)|{34)|31,162|
|Revaluation<br>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<br>and legacies|||||||
|Donations<br>and Legacies|||12,479||12,479|13,571|
|General Grants provided<br>by<br>Government/Other<br>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<br>Assistance|||||||
|Government<br>Grants|relating to||||||
|Covid-19||||||5,351|
|Total income and endowments|||207,333|88,823|296,156|227,935|
|Expenditure<br>on:|||||||
|Charitable activities|||||||
|Gross Wages and<br>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<br>costs, including|||||||
|depreciation<br>and amortisation|||||||
|Depreciation<br>of Plant & Machinery|||610||610|1,062|
|Bank charges|||456||456|406|
|information<br>and publications|||198||198|357|
|Postage and couriers|||197||197|11|
|Software,<br>ITsupport<br>and|related|costs|541||541|488|
|Stationery<br>and printing|||1,511||1,511|1,389|
|Subscriptions|||1,186||1,186|1,083|
|Sundry expenses|||794||794|424|
|Telephone,<br>fax and broadband|||1,719||1,719|1,345|
||||7,212||7,212|6,565|
|Legal and professional<br>costs|||||||
|Audit/independent<br>examination||fees|1,428||1,428|1,260|
|Accountancy<br>and bookkeeping|||3,188||3,188|5,940|
|Solicitor's fees|||||||
||||4,616||4,616|7,200|
|Total ofexpenditure<br>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<br>funds|||(55)|55|||
|Net income/(expenditure)|before||||||
|other gains/(losses)|||5,325|4,678|9,993|(31,465)|
|Other gains|||||||
|Net movement<br>in funds<br>"Reconciliation<br>offunds:|||5 315|'4,678|9,993|(31,465)|
|Total funds brought<br>forward|||31,162|55,044|86,206|117,671|
|Total funds carried forward|||36,477|59,722|96,199|86,206|