MALVÉAN SPÉCIAL FAMIUES CHARITY NUMBER 11436SS COMPANY NUM8ER07413040 TRUSTEU REPORT AND UPIAUDITED HNANaALsfATEMENTS FOR ThE YEAR ENDED 31 MARCH 2024
MALVERN SPECIAL FAMIUES Trustee5' Annual Rep(*t Independent Emamlnels Report ststement of Flnanclal Actmtles 2toS Summary Income and Expendlture ACcnt 8alance Sheet Ststfjmentofcash flows io Notes tothe Ac¢ount5 Ilto19 Detalled Statement of Hnanclal Attivities 20to21
M4lv8rn Spwjal Famllles TrusteesAnnual Report TheTrustees, who are also Dlre¢tors of the charlty forthe purposes of the Companles Act 2006, present thelr annual report and unaudtted flnancial statements for the year ended 31 March 2024. REFERENCE AND AIJMINisfRATIVE DETAILS Ch•rlty No. 1143655 Prlnclpal Offl¢e 1st Hoor 73 Church Street Malvern Worcestershlre WR14 2AE R¢Blst¢r¢d Offlce The reglstered office of the charity for Cornpanles Act purpose Is the same as the principle op8ratlng address shown above. Dlrertors ind Trust The Dlrertors of the charitable ccffipany4re itsTrustees for the purpose5 of charlty law. The followln8.Dlrectors 8rKI Tnjstees served durlng the year. Margaret Buchanan Chalr Clive Fletcher Vlcelhalr Chrlstopher Stephens Treasurer John Ahon Judy Gudgeon Ceri BaDnirter David Palmer Katy Holllngworth lappolnted 22rd May 2024) Key Management P•wsonn Chlef Executlve Offker Gareth Jor*s Speclal Parental Ad¥lAY Kate Hollin8WOrth Accountants KellyATC Ltd 20 Blackmore Road maern WR14 IQT HSBC Church Street Mafvern WR14 2AB
'MALVERN SPEaAL FAMWES TRUSTEESAND DIREcfoRS REPORTFOR THEYEAR ENDED 31 MARCH 2024 OBJEcfivESANDAcllviTIFS The key objectfve of Malvern Spedal FamllSes IMSF) isthe provislon of recreational opportunltles forfamllles who have a chlld or young person wth speclal needs whkh Ls met meets by pidIng en8a8Sng and excltln8 aCtlt[eS for the chlfdren and youn8 peopl& The Charlty runs the followlng dubs: Saturday aubs: These Otsted reglstered dubs for 5-11-par-olds and take place once a month at The Paolbr(K>k Centre, Malvem and twlce a month at Fort Royal School, Worrester. Ar4n8e of sensory, sports, art, antl rnuslc actlvlt5es are provlded. Yoirth Clubs,. Foryoung people a8ed 11- 18, these take place In Mahem on one Saturday a month and In Worcester on two Saturday5 a ffrf)nth. Summer play: Schemes of 10 days duratlon at each of three kncatlons are provlded durlng the summer hollday5. For chlldren aged 5-11 these tske pljce Jt Tr Poolbrook Cerrt, Malvem and Fort Royal School, Worcester and for children and young people aged 11- 18 at Regency Hlgh School, Worcester. In addltlon to sen$ory> Sports, art, and musl¢ a¢tlvltles a number Df trlps to exterr)al attractions aro arranged whlch all flnd very excStlna and enJoyabl¢. Hollday Play,, ProdIng the same acttvltles as the Summer Play schemes these run In both Malvem for 11- yearryolds and Worcester for all a8e$ 5-18 dur1 the October and May half4emi Easter break4 although there Is r)0 play scheme for S-11ar1ds In Worcester durfn8 the May hollday. Evenln8 Youth Club: Thls takes pla¢è * Mafvern Vale Communlty Centre once a week durlng term tlmes for young people aged 11- 18. The range of actlvlttes Indudes cookery. sports. mow management and Ilfe skllls together wlth ihe ever-popular trfps to ¢xtern41 ¥ttrartlons. After School Club: Thls tskes place tre • week drI tttm tlrnes for youn8 people aged 11- 18 at RegorKy Hlgh School, Worcester. The rdnge of artlvlties IludeS cookery, senwrf swlmmln& yffji, and art. ' ACHIEVEMEK15ANDPÈRFORMANCE Durlng the year MSF malntslned the level and ¥arlety of Its actlvltles and organlzed increased trlps for the chlldren. MSF provlded 2.543 places to chlldren with disabl11t$ throughout Worce5tershlre, In 278 5esslons 12023- 2681 whtch equates to over 9,IXM) hours of provlsk>n. Thi5 provision ha5 resulted in benefklal outcomes for the Children who hwde enjoyed many hours of exdtlng. educatk)nal and stlmulatirw experfences. The hours of support we provlde forthe children ha5 the added bellellt of ertabllng the parentslcarers to have much needed short break& MSF remains Indebted to its hi8hty skilled staff team emtremety hard to prtr41de as many clubs for thlldron wlth disablllties In Wor£estershlre as fijnds allow. In its work to provide the best posslble outcomes for chlldren wEth disabilltle5 throughout the County MSF works closely Worcestersh(re thllthen First and acknowledge with thanks the contlnulnE support of Regency Hlgh School Worcester and Fort Royal Prlmary School Worterter whith enables us to utlllse thelr excellent facilities. Thank5 are a150 due to the Poolbrook Centre Malvem arKI Matvem Vale Community Centre for the Invaluable use of thelr premlses.
MALVERN SPECIAL FAMIUES TRUSTEES AND DIRECTORS REPORT FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL RanEW MSF re¢elved income of£334,25712023 £296 1561 and adIted a surphJ5 of £35,78512023 £9,993) in the year. A5 previously mentioned, MSF works dosely wlth Worce5ter5hire Children Flrst wtth o)uncll fundlng attountin8 for £195,18612023 £134,8971. Revenue grants and donatlons from non-public bDdles were £89.34012023 £111,823} with notsble fundln&fr¢)m the Natlonal Lotterycommunlty fund £35,850and The Eveson Tnjst £24,0 and Garfièld Weston £20,CKKI. Sponsorship &fts and donations were £11,465 12023 £12,479). Total Income from charltable athvlties were É38,26612023 £36.9571 belng fees pald by parents and careers. The tharity has free reserves of £121,531 at 31st Marth 202412023 £36,477). Glven that none of its fund5 are 8uardnteed and must be re-applled for each yearthe trustèes rècognise that healthy resee5 are requlred to be mahtalned both for Its exlstln8 actlvftles and In seeklng new opportunitles. The board oltrustee515 satlsfled that the charlty assets In eath fvnd are avallable and adequate to fulfll the obli8attons In eath fund. PiANS FOR FIrnJRE PERIODS Worcester5hlre County Councll and Department of Educatlon have embarked on a major new project to bulld 4 new school for chlldren wlth atrtlstic swrum dlsorder In Malvern. On tP one hand thls wlll mean that durlrq conStrLtlon we wlll lose the use of the Poolbrook but on the other MSF hopes to be able to utlllse the new fadlltles when Installatlon Is complete. MSF is extremely grateful to Fort Royal Prlmary School who have offèred to host the Poolbrook dub5 durlngthe lrterruptlon. Towards theend of 2023 Worcestershlre County Coundl appolnted a mana8ernent companysutton Croft to manage the allocatlon of rts flnanelal supp)rt amongst Its provlders. The new reglme came Into force at the beglnnln8 of flrbanclal year end 241¥2024, 51nce then MSF has experlen¢ed a serious ducllon in its allocatloft of coundl funds. While thls has not afferted the flnaKlal results of the year urbder revlew It has serlous Impllcatlons for the current year and beyond. The Trustees are currently assessing the impact of the s18rflCant fundlng reductlon and are expkjrfng all avenues to enyjre that Its future operatlons are malntalned to as hlgh a level as possible comrnensurate wth sound flnanclal managemenL MSF ¢ontlnues to campal8n for accessible play equlpment In Prlory Park Mafvern, so that all chlldren regardle55 of dIsalIty can play In the park wlth their friend5 and sibling5. rRUCTUR4 GOVERNANCE AND MANAGEMEiir The charlty Is Constttuted as a company Ilmlted byBuarartee. registered uThJer the COmpe5 Acts and as a Charty wrth the Cfvaritycommission. The govemlng documert of the charity is the Memordndum and Article5 C+f Assoclation e5tab115hln8 the company under company leOslion. There are no re5trlctlons In the govemlrvd documents on the operatton of the CharTty oron Its Investment kN)wers otherthan those Imposed by Charity Law. By operétlon oflaw all tNstee5 are dlrertors under the CompaniesAct 2C(E arKI all dlrectors are tee$ under £harities le&slatIon and have reSpolb[lItIes, as such, under both company and drlty leBlslatlon. The tswstees are all Indlvldu*. Although the day-to-day management of the charlty Is delegated to the Chief Operatlng Offlcef and hls team, It Is acknowledged that an effertebo3rd of tru5tee5 15 ntral to the tharity xhlevlng its oblectlves and meeting its legal obli£atlons.
'MALVERN SPECIAL FAMIUES TRUSTEES AND DIREcfoRS REPORT FOR THE YEAR ENDED 31 RCH 2024 The Board seeksto be representative ofthe needs of th05ewTth wh(Yn it work5 and that the rnembership of the board of trustees h&5within its members the requirpd knowledge and skllts to run the charlty. Individual trustees must have sufficlent krK)vAed8e of the role of a chartty trttee to be able to effertfvely represent Malvern Sal Famllles at meetin85 and events. Tru5teeslDlrectors apwlnted at anAnnual General Meettng and h)kl offlcè forthreeyears but are then ellglble for re-electlon. When ne¢essary the Board rnay c(wta TrLee1DtreCt0r, but Such asyiintment must be ratrfled at the ne followlng Annual General Meetlng. New TrusteeslDirectors under80 a formal induction prOS5. tu thelr dutles and reswnslbllltles: tD the alms and oblectlves of the charlty, ond to the playgroups and club5, thelr play leaders. and particlpants. TheTrustee5 are responslble for keepln8 proper aco)untln8 recordsthat dI5dosewlth reasonable accuracy thefinancl81 posttton of the thamty and thatthe flnandal statements comply wlth the Companles Act 200& The Trustees are also respLltsle for safeguardlng the assets ofthe charlty and hence tsk reasonable steps for the pre¥entbn and detectlon of fraud and other Irre8ularltles. PVBUCBENEFIT The trustees have had re8ard tothecharlty Commlsslon's guklance on publlc benellt In managlngthe arthltles of the ¢harfty. The above report has beén prepared In accordance wth the prov151on5 applkable to MpanIeS sublettto the small ¢ompanVs resime as set out In Part 15 of the Companles Act 2C#)6 In accordance with the Charities SORP IFRS 102). Slgned on behalf of the Ixmrd Margarer 8uchanan thalr of Trustees 11 June 2024
11rt4LVERN SPECIAL FAMIUES INDEP&4DENT EXAMINER5 REPORT Independent Examlner's Reportthe trustees ofmalvern Spedal Famllies I report to the charltytru5tees on rny examinatk>n of the accounts of Malvem Spe¢lal Families for the year ended 31 March 2QY24 which comprlse the Ststement of Flnanclal Actmtles, the Summary Income and Expendlture Account, the Balance SheeL the Statementof Cash FIDWS and the related note5. RespoIabl11tieS and basts of ret S the trustees of the charity land also Its dlre¢tors forthe purposes of company lawl you are responslble for the Preparatic of the a¢counts In accorrlance wlth the requlrementsof the Companles Act 20061'the 2(rf)6 Actr}, Havln8 satlsfled myself thatthe accounts of the charfty are not requlred to be audlted under Part 16 of the 2iX)6 Act and 8re elioble forlndependent examinatlon, l pOrt in respert of my examlnatlon of your charlty's accounts as carrled crt under sectlon 145 of the CharltlesAct 2011 {'the 2011 Act'l. In carryln8 Out my examlnatlon I have followed the Dlrertkins glven bythe Charlty Commlsthn under se¢tlon 14515llbl of the 2011 Act. Ind•p•ndont •x•mln•rfssl•m• I have completed my examlnatlon. I can conllrm that no materlal matters have come to my attentlon In connectlon wlth the examlnatlon SInI me to belleve that: • a¢countlng records were not kept Sn accordance wlth Section 386of the 2006 Act; or the accounts do not accord wlth those record5.' or • the accounts do not compty wlth the a¢counUng requlrements undersectlon 3% ofthe 2(K16 Act other . than any rewlrement thatthe &counts a true and Nrfewwhlth Is not a matter consldered as part of an Independent examlnadon: or . the accounts have not been wepared lTraccordance wlth the methods and prfnclples of the &atementof Re¢offlmerKled Practko foraccountlngarKI reportlTr8 tytharftles applcable to charttles preparfngthelr accounts In eAdartt wlth Hnandal Re8 stsnda appll(Abbe In the UK and Rewl¢of Irèland IFRS 1021. I hove no ¢on¢erns and have come a¢r055 no other matters in onnecth)n vAth the examlnatlon to whlth 8ttentlon should be drawn In thls report In order to enable a proper understandlng of the accounts to be reached. Ellzaberh Eyre FCA In5Itute ofchartered Accountants England and Wales Ellzabeth Eyre Llmlted Bank Street Buslness Centre 6 Bankstreet Malvern WOrStershIre WR142JN 2024
MALVERN SPECIAL FAMIUES STATEMENT OF RNANaALACTMTIES FOR THE YEAR ENDED 31 MARCH 2024 Notes UnrÈstrirted Funds Re5trfctsd Funds Totsl FuNts Totsl Funds 2024 2024 2024 2023 In¢oma endawmem5 from: Donatlonsand lewles ChaAtableactfvttles Investments Government Assbtan Total: 76fi10 233,452 24.195 100,805 233,452 124.302 171.854 310,(2 24.195 334.157 296.156 Expenditure on: CharltatAe actfvftle5 Other Total.. Net 8aln on Investments Net 1ce1¢expendIgrej Transfers between funds Ilot Incomel{expdftur•j before other 8alnsl{IwMs) Other saln$ and losses . 14et movemerf In funds Recondllatlon ol funds.. Total fvnds brought forward .Totsl funds carrled loald 187,825 32,071 219.896 76,888 264,713 33,759 298,472 25664 29,299 286.163 78.576 90,166 15.1121 (54.381) 5,112 35,785 9.993 149,269) 35,785 9,993 149.269) 35,785 9,993 36,4n 121,531 59,722 10,453 96,199 86,206 96,199
MALVERN SPECIAL FAMIUES SUMMARY INCOME AND EXPENDITURE ACCOLWT FOR THE YEAR ENDED31 MARLTrI 2024 2024 2023 Income 334,257 296.156 Interest and investmentlncome Gros$ Income forthey¢•r Expendlture 334257 296,156 28S,553 297,920 Depre¢lat[ and ch?rge5for Impalmxnt of flxed assets 552 610 Totsl expendlture Icrthe year Net Incorne before tsy forthe year 298.472 286.163 35.785 9,993 Net Ino)m•for th•ye•r 35,785 9,993
' MAL-VERN-SPECIPk FAMIU BALANCE SHE A5 AT 31 MARCfrI 1024 Company No: 074130411 2024 2023 Flxad AsMt$ Tanglble assets li 458 458 I,oio Loio Current Ass¢ts Debtors Cash at bank and In hand 12 54,985 84.732 139.717 47,387 56,854 104,241 Credltors Amountsfalllng due wtthln onè year Net curwent assets Total ossets le55 rI¢t Il•blllll•s Totsl Net Assets 13 18,191 131,526 131.984 131.984 9,052 95,189 96,199 96,199 The fvnd$ ofthe charfty Restrfrtèd funds 14 Restrfcted Income Funds 10.453 59,722 Unrestrlrted Fund5 General funds 14 121,531 36,477 Total Funds 131,984 96,199 These accounts have bèen prepared In accordance wlth the speclal provlslons of Part 15 of the Cc41)panles Act 2¢X16 relatlngto small companles. For the yearended 31 March 2024 the cornpary was éntltled to exemption under sertk>n 477ofthe Companles Act 2L6 relatin8to small companles. Tho members have not requlred the company to obraln an audli In xcordance wlth se¢tlon 476 of the Companles Act 2(*)6. The dlrertors acknowted8e thelr respor6lbllitie5 foi cornplylng wlth the requlrements of the Companses Art 2CA]6 with re5pe¢tto accounting re¢d5 andthe weparatlon ofacc0ts. Approved by the board on iith June 2024 And signed orn its behalf by: Margaret 8uchanan Chalr of Trustee5 iith June 2024
MALVERN SPECIAL FAMIUES STATEMENT OF CASHFLOWS FOR ThE YEAR ENDED 31 RCH 2024 2024 2023 Cash Ilows fvom operatlng a(xfvklos Net per Ststem•ntof Flnandal Actl¥lti•s 35,785 9,993 AdJustm•rtslor: Depreciation of property, plant and èqulynent Other8alns/losses Increase In trade and other recelvables Decrease In trad•and other payables 552 610 17,5981 (861> 127,4511 13,7481 Nel wed In operntlwa¢tMtleJ 27,878 120,5961 Cash flowsfrom In¥estlnia¢thiltFoS Payments for property, plant and equlpment Net ¢ash w•d In Invasi1 Netcjshfrom fin•Ing •cllvltl•s Net InCrSe/(dttrèe) In cash and cash •qufval•nts 27,878 {20,5961 Cash and c•sh •qulval•nts at the b•8lnnh¥ of th• year. 56,854 77,450 Cash aod $h ¢qulvalénts at th• •nd of theyear 84,732 56,854 Components ol cajh and cash wulvalents Cash and bank balar)ce5 84,732 56,854 84,r32 56,854
' LVERN SPECIAL FAWES NOTES TOTHEAcccxJDrrs FOR THE YEAR ENDED 31 MARCH 2024 l AccouIng polklos 8•$15 of preparatlon The flnandal statements have been prepared lTraLrordance wlth AccourrtSng and Rewrtlng byaiarltle5: ststement of Rec(Thmended Practice applicableto charftles preparlng thelr aca>unts In aceordanee wfth the Flnancial Reportln8 Stsndard appllceble in the UK and Republlc of Ireland IFRS 102} las amended for accounting periods commencingfrom l January 2019)-{Charltles SORP IFRS 10211, the Flnanclal Reportlng Stsndard appllcoble In the UK and Republlc of Ireland IFRS 1021 and the Companies Art 2(K)6. The charlly Is a Publlc 8enefft Entlty as defined by FK$102. The finanual ststement5 are prepared In sterlln& whlch Is the lunctlonal currency ofthe charfty. Monetary arnounts In these flnanclal statements are rounded to the nearest £1. tharye In bastj oficccKNttlw orto weOul arcouThts There has been no change to the accnuntln8 pohcles Ivaluatbon rulesand method of accountlng} slnce last Itor and no thanqes have been made to accounts for prevlousyears. Fundacc¢wnth Unrestrl¢ted funds These are avallable for use at the dlscretlon of the trustees In fvrtheran of the general oblects ofthe charty. These ire unre5trfcted fvnds earniarked the trustees for partlcular purposes. These are unrestrlcted funds whlth Include a revaluatlon reseThe representln8the restatement of Investment assets at thelr market values. These aro avallablefor use sublert to re5trktlons Imposed by the donor or through ternB ofan appeal. Deslgn8tedfunds Revaluatlon funds .Restrlcted funds In¢om• Reco8nltlon Df Income Income Is Induded In the Ststement of Flnanclal Artlvltles ISOFAI when the charlty becomes entltled to, and vlrtually certaln to f1ve, the IrKome and the amount of the Income can be measured wlth 5ufficlent rellabllity. Income wlth related Where Income ha5 related expendlture the Income and related expendlture15 expendlture reported 8ross In the SOF Donauons and legacles Voluntsry Income received by way ofgrants. donatbns and elfts Is In¢luded In the the SOFA when re1¥able and onfy when the Charfty has uncondltional entltlemeni to the IncMIe. Tak reclalms on Income from tax reclaim5 55 Included In theSoFA at the 5arne tlmé as the donatlons and S 8rft/donation to which St relates. Donated seThlces These are Induded In income (wlth an equfvalent arnount In eKpendlture} and facllltles wherethe benefft tothe Charfty Is reasonably wantlflable, mÈa5urable and material. Volunteer help The value of anyvobjnteer help receNed Is not Iluded In the acwunts. Investhent income This is Induded in accounts when recewable. Gainsl(1055es) on Thls Includes any gain or loss resulting from revaluiw Investsrents to maTket value revaluatlon of tlxed at the end Df the year. assets Galn5/llossesl on investmentassets This Indudes anygain or loss on the sale of InveStrrts.
MALVERN SPECIAL FAMILES NQTESTOThE AcCOUPs Expendlture RecognÉtion of expendlture ExpendFture Is rÈ¢c8nised on an accruals ba515. Expenditure Includes any VAT whlch cannot be fully recovered. and Is reported a5 part of the expendUre to whlch it rdate& EXpendIre on These comprlse the costs assodated whh attrartlngvolunw inc(¥ne. fvndraisin8 ralslng funds tradlng costs and Investrnent managementcosts. Expendlture on These comprise the costs Incurred bythe Ch¥lty sn the delFveryof Ils artlvltles and charitableactfvbtles 5er¥lces In the furtherance of Its obJects, Indudlng the maklng of grants and goyernance cost& All grant expenditure Is accounted foron an actual pald basis plu5 an accrual for grants that have been approved by the trustee5 at tlw end of the year but notyet pald. These Include those Costs ossocllted wlth meetlng the constltutlonal and ststutory requlrements of the Charity, induding any audt/tndependent examination fees, Costs Ilrd(ed to the strategic mana8ement of the Charity, tO8etherwlth a share of other adminlstr4tloncosts. otherexpendlture These Ore supportcosts not allocatedto i partkular actlvlty. Grants payable Governance costs T•x•tlon The cbartty b exempt Irom corwratlon tsx on Its charltable actlvltles. Tanilbl8flxed asw1$ and depr•dation Depreciatlon Is provided atthe followln8 amual rates In orderto wrlte off each assetoverfts estlm•ted useful15fe.' Plant& Machlnery 25% Stralght Ilne Go1conCern At the tlme of approvlw the financlal Statements the trurtee5 have a reasonable expectation that the charlty has adequate resources to Continue In operatronal exlstence for the foreseeable future. Thus, the trustees contlnueto adopt the 8oln8 concern basis of accountln8 In preparln8the flnandal statemenfs. Crltl¢al A¢countln8 Esllmate$8nlJuLement In the appllcatlon of the charit$ attountlng polkles, thetru5tees Bre required to makelud8ements, estlmates and asSuMptkn aboutthe carryln8 amount of assets and liabilltle5 that are not readlly pparentfrom othersources. The estimates and assodated a55umptlons are based on hlstorfcal ' expedence and other fartors that are consldered to be reVant. Actual results may dlfferfrom these estlmates. The estimates and underlying assumptlons are re¥iewed on an oryolng basls. Revlslons to accountiThg estimates are re¢ogn15ed In the period In whlth the estimate Is revtsed Whe the revlslon affert5 L . that perlod. or In th period of the revlslon and future perfods where the revlslon affects both ¢>Jrreirt and future perlcxl Trade and other debto Trade and otherdebtors are reC(w atthe settlement am0 due. Prepayments are alUed at the amourtprepald.
' MALVERN SPECIAL FAMIUES NOTES TO THE Accouiirs Cash attd t•$h equfvalents Cash and cash equlvalents comprise cash at bank and on han demand deposits wlth banks and other 5hort-term hF8hly liquid irNestments wEth OrigiTl maturttles of three months or less and bankoverdrafts. In the ststement of flnandal posltlon, bankoverdrafts areshown wlthln borrowlngs orcurrent liakrflitle5. In the Ststement of Cash Fbw5, cash and cash equlwalents areshown net of bank overdraft5 that are repayable on demand and forni on Irrtegral part ofthe company's cash management. Trade and othercr•dftLYs Short term ¢redltors are measured at the transaction price. Othercredltors and provisions are recognised where the tharity has a present obfi8ation resultln8 from a past event that wlll probably result In the tranrfer of fund5 to a thlrd party and the amount due to settle the obllBatlon ¢•n be measured or estlmated rellabty. CredStors and pro¥lslon5 are noMlY reco8nlsed atthelr setdement amount aftèr allowlngfor any trade dlscounts due. Leased assets Where the charhy errters Into a lease wNth entslls tsklng substantlally all the rbksand rewards of owner5hlp of an asset. the lease Is treated as a ftnance lease. Leases whlch do nottransfer substsntlalty all the ri5k5 and rewards of ownership to charFty are dasslfSed as oyratlng leajes, OperatSng le&e payments are recognlsed as an expense on ¥ stralght-llne b3sls o¥erthe lease term. Ponslon costs 'The charlty operatss a defined contrlbutlon plan for Its employee& Adefiried contrfbutlon plan15 a pen5Ion plan underwhkh the compary pay5 fixed contrfbutlons Into a separate entity. Once the ContrIblon$ have been pald the company has no further payments obllgatlons. The contrlbutlons are reco8n15ed as expenses when they fall due. Amounts not pald are shown In accruals In the balance sheet. The assets of the plan are hekl separately from the compary Sn Independentf¥ admlnLstered fund5. 2 Companystths The compary Is a prlvate compary Ilmlted by guaranteearwj Consequent does Mthave Share pItal. The chadty15 gIStered wlth the Charlty Comm1551 in En8land & Wales ICCEW) wlth tharlty Number 1143655 and Company number 07413040. Reglstered Off is •5 PSCrIbed In the trustees report.
MALVÉRN SPECIAL FAMIUES NOTES TO THE ACCOUNTS 3 Statement of Fln8n¢lal Actl¥ltles- prIorf Unrestrtrted . R6strfctsd fvnds Funds 2023 2023 Totsl 2023 Income and endowmerti frtyn: Donatlons and legacle5 Charltable activltles Investments Government Assistsnce Total: Expèndlture on: Charltable artmriès other Totsl: Net galn on Investments Net lexp¢ndlNr•)Ilncorné Transfers between funds 35,479 88.823 124,302 171,854 17L854 207,333 8823 296,156 175,291 26,672 201963 81,573 2,627 84,2tx) 256,864 29.299 286.163 5,370 55 4,623 ss 9,993 riét {eJ(pendltur•)/kncom¢ b•fm othw 8•lnsl{Ioue51 5,315 4,678 9,993 Other 8aln$ ¥nd105MS 5315 4.678 9,993 Net movemènt In fvrnl$ Recondllatlon of fund Total funds brou8ht forward Tolll Carrf forward 55,044 59,722 86,2( 96,199 36.477 4 Incbme from dry0$ and lepd Total 2023 2024 2024 Donatlons and legacle5 General Grants provlded by Govemment/Other Chartties IL465 11,465 12,479 65,145 76,610 24,195 24,195 89,340 I,805 111,823 124,302 S Incorne from tharltable adlvltl•s UnrBrtrf¢ted Total 2024 Tot41 2023 Charitsble ActtIes- Parent Fees charbleattNlt1eS Ttstal 38.266 195.186 3,452 38,266 195,186 233.452 36,957 134,897 171,854
MALVERN SPECIAL FAMIUES NOTES TO THE ACCOUNTS 6 Expendlture on tharItae Ktlvttles Unrestrl¢t¢d 2024 Tot•1 2024 Gross Wages and Nl Artlvlties, transportand Equlpment Rent & School hlre Insuran 180,930 2399 2,929 1,567 187.825 71,628 3.159 1.186 915 76,888 252,558 5.558 4,115 2,482 264,713 240,199 8,175 2,482 256,864 ExperKllture on tharhable actlvltlu- MmrnIe ye Tolal 2023 2023 2023 Gross Wages and Nl Attlvitles.transport and Equlpment. Rent & Sthool Nre Insurancoi 164.764 5.421 3.863 1.243 175.291 75N35 587 4312 1239 81573 240,199 8,175 1482 256.864 7 Othff ¢xp¢ndttur• Total 2024 rotsl 2023 Employee costs Motor and travel costs Premlses costs Depredatlon General admlnlstrative Costs Legal and wofesslonal costs 1,334 5,320 5,225 8,769 552 7,800 6,093 5.528 4,871 8.769 552 7.395 610 6,602 4,616 6,093 Totsl . 32,071 33,759 29,299
MALVERN SPECIAL FAMIUES NtyfES TO THE Accourir5 8 Net expendliure beforetransfers 2024 2023 Thls Is statrd aftercharglw. Depreclatlon ofowned thed assets Independent Exarnlner's fee 552 1,482 610 1,428 £5,112 was transferred from unrestrfrted funds to restricted tocoverthe shortfall In the fund actMtie& 9 Trustoe romwwratlon and expenses 2024 Number 2023 Numb•r Number of trustees paid expenses 10 stsff ¢osts 2023 Salarle5 and wages Soclal securlty costs Penslon costs 243,635 6,111 2.812 231,692 5,883 2.624 252,558 240,199 No emplo re¢elved emoluments th excess of £60,(I30. 3 key per$Lne1 r1ved totsl remuneratlon of £105.160. Nelther thetrustees nor any pérwn connected with them have recelved any remuneratlon from the charlty either in the current or previousyear. The avera8e monthly number of employees durln8 the yeaF was as follows: 2024 Nthber 2023 Nurnb Full Tlme Part Tlme 45 47 The charlly operates an Automatjc Enrolment scheme thrtyh N
MALVERN SPEaAL FAMILES NOTES TO THE ACCOLII4TS 11 Tan8lble Ilxed a$5ets Hant& Mxhlnery Total Cost oi revaluatlon At l April 2023 Addltlon5 At 31 March 2024 Depreclatlon Impalrnwnt At l Aprll 2023 Depreclatlon char8e for the year At 31 March 2024 Net Book valu•5 At 31 March 2024 At 31 March 2023 7,742 7,742 7,742 7,742 6,732 552 7,284 6,732 SS2 7,284 458 I,oio 458 I,oio 12 Debtors Trade Debtors Other Debtors Prepayments and accrued Sn¢ome 48fi59 1,526 L9,252 1,512 26,623 54.985 13 Credltors: Anvjunts faHlng due wlthln one yr 2024 2023 Trade Credltors Other taxes and sodal securfty Other credltor5 Accruals and defebTed Income 197 344 474 7,520 8.191 473 8.235 9,052 Deiwred l)come conslsts 01 £5274 {2023- £6,662) fees Involced to p4rents.
MALVERN SPECIAL FAMIUE5 NOTES TO THE ACCOUNTS 14 Mowmentln fwKIs At l Aprfl IIKon Resources Gr055 At31 Re%)ur¢s Expended Translers March Ilndudh 2024 otlxr losses) Restrfrted fund$'. Restrfctsd In¢ome lunds: Natlonal Lottery Communlty Fund WCF Natlonal Herftsge Lottery Other Donatlons 53A61 17,705 176,6781 5,112 2.368 2.950 {1.666) 702 2,%0 6,801 6,490 (232) Total Unrestrfrtéd funds: General lunds Revaluqtlon Reserv•s.' 59,722 24.195 {78.5761 5,112 IOA53 36,477 310,062 (219,8%) 15,112) 121,531 Total Funth %,199 334,257 (298A72> 131,984 . Purposes and restrbctlons In relatlon to the funds: Re5trlctedfunds', Natlonal inttery Q>mmunity Provlde Industve play opportunltlesfordlsabled chlldrert Fund Natlonal Herltage Lottery Dellvery of'A HIStOf Wellness In MalNrrn' woject. ueallve and sensoryactlvltles Worcestershlre comm[tY Fund1 for dubs trlps Foundatlon IWCFI Other Donatlons ForactNtttès/equlpmertatMalvem Clubs
IALVERN SPECIAL FAMIUES MOIE5 TO THE ACMJNTS Movement In lunds-prforyear At l ASKII Re%rreS Gr( 20ZZ Atyl March Ilndudl qalnsl Restrfrted fvnds: Restrfcted In¢¢nefunds: National thtlery Communlty Fund WCF Natlonal Hrlta8e Lottery Other Donatlon5 44.436 (7730) 53,861 2,368 2,950 543 2,950 7,658 17.1701 55 Total Unr•strlrt•d lundi: General funds R•valuatlon R#•N*: 55,044 88A23 (84.2) 55 59,722 31,162 207333 {20L963) (55) 36,4TI Total Funds 86,206 296,156 (286,1631 96,199 15 An•lyl• of n•t •sMts b•twwn Iw Unv•rtrfct•d Funds Rejtrlctsd Funds Totsl Flxed 355ets Net current assets At 31 March 2024 At 31 MarGh 2023 458 131,526 131,984 96,199 121,073 121,531 36077 10.453 ION53 59.722 16 Wlndlno Up In the event ofa wlndlng up, ea¢h memberwhilst a member and wli hln one year of ceaslr8 to be a member, are requlred to contrlbute £lQ t¢)wards the Ilabllltle5 of the chath and costs assoclated wlth wlndlnB UP. 17 Related pttty dlsdox4r•s Controlmngparty The company Is lknlted by 8uaranteeand has rlo sharecapltal,. thus, no slngle party controls the companv. There were no related party tranSarti0r durlng the year12023-ThineJ.
MALVERN SPECIAL FAMIUES DEfAILED STATEMETrif OF FINANCIALACTIVITIES FOR THE YEAR ENDED 31 MARCH Z024 Totsl Funds Total Funds Funds Fund5 2024 2023 Income and endowmentsfrom: Donatlons and legacies Donatlons and Legacies General Grants provlde(I by Governmenvother Charlues 11,465 11,46S 12,479 65,145 24.195 89,340 111,823 76,610 24,195 I(X),805 124,302 Charltable actlvltles CharltableActtvltles Actlvltles, Transport and Equlpment 38266 38,266 36,957 195,186 233,452 195,186 233,452 134,897 171,854 Government Asslstance Government Grants relatlng t¢ Covld-19 Tatal Incom• ¥nd•nd¢)Thts Expendlture on: Charltable actlvitles Gro¥5 Wa8e5 and Nl Actfvltles, transport and Equlwnent Rent & School hlre Insurance 310,062 24,195 334,257 2%,156 180.930 2,399 2,929 1,567 187,825 71.628 3,159 L186 915 76,888 252,558 5,558 4,115 2,482 264,713 240,199 6,8 ,175 256,864 Totsl of expendltrr• on charllale actlvllles Employee costs Salarieslwages staff tralnln8 187,825 76,888 264,713 256,864 3,986 3386 L334 L334 5.320 5,320 5,528 5,528 Motor and travel costs. Travel and subslstence 4,871 71 354 5,225 5,225 354 4,548 Premisès costs Rent Ught. Heat and P¢)wer Premises repalrs and maintenance 6,514 538 L717 6,514 538 1,717 8,769 6,14S 670 580 7.395
' MALVERN SPECIAL FAMIUES General adrnInistrate COS Induding depreclatlon and amort15ation Depreciation of Plant & Mathinery Bank charge5 Informatlon and publlcations Postage and courier5 552 503 552 503 317 202 610 456 198 317 202 197 Ei 11 Softrdare, IT support and rdated o)sts Stationery and printlng Subxdptlons Sundry expenses Telephone, fax and broadband 557 IA32 I,flJ8 557 1,832 1,608 541 1,511 1,186 794 2.381 8,352 2,381 8352 1.719 7.212 Legal and professlonal costs Audivindependentexamlnatlon fees Accountsncy and bookkeeFlng Sollcltorf5 fees 1,482 4,611 Ih82 4.611 1,428 3,188 6,093 6,093 4,616 Total of expenthure other eosts Total exp•ndlture Net 8aln5 on Investments 32,071 219.896 1,688 78,576 33,759 298,472 29,299 286,163 Ilet Incm•ll•xpenthrn) Transfers between funds Not Incomell¢xpendftur•l botr• other 8alns/llosMsl Other galns Net In funds R•¢ondll•tlon of funds: Totsl fund5 brought forward Tgtsl lund$ ¢4rrf@d lornard 90,166 {5,1) 154,381) 5,112 35,785 9,993 85,054 {49.269) 35.785 9,993 8S,054 49,269 35,785 9,993 36,477 12L531 59,722 10,453 96.199 131,984 86,206 96,199