MALVERN YOUTH AND COMMUNITY TilUST (MALVERN CUBE)
(CHARrrABLE INCORPORATED ORGANISATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 IAARCH 2025
Charlty Re9lstratlon Number: 1166088

MALVERN YOUTH AND COMMUNITY TRUST (MALVERN CUBE)
YEAR ENDED 31 MARCH 2025
CONTENTS
TRUSTEES, REPORT
14
INDEPENDENT EXAMINER'S REPORT
STATEMENT OF FINANCIAL ACTIVITIES
STATEMENT OF FINANCIAL POSITION
NOTES AND ACCOUNTING POLICIES
8-18

MALVERN YOUTH AND COMMUNrrY TRUST (MALVERN CUBE)
YEAR ENOED 31 MARCH 2025
TRUSTEES, REPORT
The Trustees present their rewt aThJ acc￿ty￿ frjr the year end￿1 31 March 2025.
The a￿o￿nts have been prwed in accordan￿ wilh the accounting poli¢ies set c￿1 in Note 1 to the accounts
and ¢omKAy with the CIO'S conslilution, Ihe CharitKes Acl 2011, arxl 'Ac(tMJniing and Reporting by Chariti68:
Statement of Rec4)mmended Practice appli¢at4e to charit*s preparing their accounts in accordan￿ wilh the
Flnan¢kql Reportiro Standard ap￿￿1)10 in Ihe UK RepLttJlc of Ireland IFRS 102) Section 1A small entth'es
(from 1 January 20191..
ObJectlv•* and actMtI••
Mafvorn Youth and Comrnunty Trust Imycfi was sel up in 2012 aft" r rt oblain&d a long term183￿ r>n a form8r
youth cenlre. Service to kKal young peoF4e was a con￿￿on of ttslgase. and along$ide bulldlng a centre for the
community, this has rernained part of MYCT'S viS￿n and purpose. Its aims and 0￿eCtIv•S arè to b6nèfll the
r8sK16nts of Malvem and the surrounding 8re8 by provM*'ng faulib.es and opportunitiès whith promota so¢lal
womare. educalK)n, recreation and leisure tsme o(XUPBtion, IrKgudlng provisiM for ycyjng peoplo. Slnc6 2016
provision for youNJ peop4e has been led by a separate sistsr charity ma￿ern Cut* Projects IMCPI. MYCT and
MCP'S objectives are realised by worknno In colat*)ratM)n with tho resmlents and the local authorilias, vduntsry
a￿1 olhar Organ￿at1Jns.
MYCT'g princlpal lunction is lo facilitste and provhl8 spac* and OP[￿unItieS for Ictal residents to com8 tog8lher
arKI shara a feelng of community thrcwgh opwaling a cwimunity and arts centre known as MatV•Tn Cub9. Hare
Ires rooms al afftJrdabl6 ralgs to communlly and support groupg in Ilne wrth Its charttablo oLSgCtfves.11 uses Its
Ihealre space to promote arKI ar￿￿ra98 p•rtmrKe of many tyffts. the devekynent of which h85 been H key
focus initiated in 2020 and ￿￿￿'nUing ever since. It has a (zfé hxatgd in the centrg of the building provhJirrfJ food
and drink for th• Cub8 users and the gen•ral publk. MYCT ￿￿￿)UrageS rKreallon through Sp￿1, leLsure arts.
craft arKI wdlb9ing actwibes. It hosts a youth dub 8NJ prov*Jgs rooms lor delivery of education and IrainirvJ.
Publ1¢ B•n•fit
The trustees conslder that thgy have comF4led wlih the duty 4 of the Charrtles Act 2011, In havlrs duo
r8gard to putjic bènefrt.
Aehl•Yom•nts and perfomwne•
Thè perform￿¢• of Malvem Cubè ha8 contlnued lo improvè trAo￿n9 from the effects of the Covid pandèmic and
hiiing rates hav8 r8lurned lo w&pandemic16vels. Th8 avents progrdinme has also axpanded wih a div8rsa
rangè ol perfOmanc￿ ond pfvate hire ev&nts. The caté al the heart of Ihe Cube continues lo provide a warm
and welcomlng space for Ihe contre wtih affordable r￿U wKing and Fow enviionmental ImpacL11 ha8
maintalr*d Its 5 stsr hygl8ne rating.
Hlr•r• •nd group•
Thè Cub8 h8s conlinu8d to do what li was set up to thi- ￿ ara rthv providing S￿¢t over thity regular
community groups to meel 8 diverse raroo of r*eds, from tmmobng we￿81n9. proM¢Jing cc4Jnsalling, supporting
thg 8rts, trainlng dogs 8NI r8paidng broken cA4ects.
The MYCT sister charity. Malvem Cube Projects. now brarwjed as Cube Youlh. ho$ hwsed the rar@• of
actfvitles provlded for local ycmjng peoFlg frorn its at Cube
In March 2025, rBgular hirpr. Mafvem BbJ 88nd, put on an evenry of entortainmBnt to raisg fuThJs f(* Thè Cube.
Events and •ctivit
There has b99n a rich bland of events and aclfvit*8 in ITh with our Perfonning and ￿￿1¥1￿8$ Strydlegy aTr
Voual arts hav& been supported by the appoinlThnt of a visu* arts vrknieer.

MALVERN Yoimi AND COMMUNITY TRUST (IAALVERN CUBE)
YEAR ENDED 31 MARCH 2025
TrVSTEES' REpoRr
Strange FubJio$ devised perfo￿nar￿. The Bare Hdr. invc4ved profossional and ¢ommuThty perfom)ers and
small chotr to bring lolrfg the thararters of the Mavem H11 fs Ihrough 8 unique bler￿ of physcal theatre, animation
and puppety (May 20241.
After lh8 SUCC￿ of Sevem Art's first Line Up F8stNal in 2023. th8 S￿nd Festival tcd( plac6 over ts¥o days In
August 2024 showcasing a Wdriety of music fc¥ins and kw1￿manceS
At the same time local arb'st I¥￿ maxwe1kJ￿es wj th8 Cube to exhibil his palntlngs as p8rt of Worcestershir•
Open Studios.
Thg Cut* pmvlded the base for two s¥Jnrflcant annual events in Novembw 2024..
Reacts'on Theatre's eightr) annual FEAST ftsslNal of theatre twought the Cube to life wllh
wonderful variety of perfomiances aryj woikshop8. including Lost Dog Thealre's PaFadi8e Lost
hlafvem Green SpAeè's third'Sustainabi6 Fashion Shov/ indud8d dramatic In1￿ude8
h￿hl￿dh1Ing issues like thild labour. clothir¥J wasle, and tKAlution.
The Cube COntin￿d to promot8 its own music thèatre events- Last 8aguètte'8 'A ￿nterfs Tal, charrr*d
young audiences in the run up to Christmas.
Stafflng ar￿ volunte•r¥
202415 saw some slgnrfunl slaff changes:
After fi've years as Cenlre Manager, Nicola TLtrreN1gft in Ocjobar 2024. Stsff and voluntegr8 h8lF¢d keep
tho cu￿ running Unt￿ new Manager, M￿￿119 Ne4bYU start8d in January 2025
Much-velued c•relak•r Nell Angel 51ovAy •gsed hlmsdf ou¢ of th• rrAe. bul slay8d on to hdp IrKlucl now
caretaker Anda Phlips sh& started in May 2024
Thg Truslees undwto()k a Tevlew of the roles grndes of Centr8 Manager aThY Adminlstr8llon Manager
The Cub•'$ staff team now numbern 17. 8upported by 33 vcA4ttts8rn ac¥0￿ 41 and Um68 ofday.
Oov•rn•nc•
Thg Risk Regk8ter Creotsd in the pre¥lou$ year, ¢x)nlinues to fxdllala the rogular revlow of rbks for Cube.
Ri8ks ar8 RAG Ired. amber. grwl rn18d wrth mthgalkJn$ in F4ace where n8c8ssary.
The Cub6 has a comprehertsive list crf w)Iici•8 and pro¢&lur88, whth are rwewed and upgaled on a r8guLw
ba51y.
IT r8quSromgnls for the Cube ￿ supwted by gn exlemal company ond during th1$ yoar there has bagn
cPJarye from D&0 lo Ck￿d Top Techndogies.
Improvlng th• Cub•
We cx)nlinued to Improve Ihe Cubè's facllities and make thom 88f8r.
Our gard8n vdunleers contlnued k) malntsin aTrJ enhance Ihe Cube's grounds. Their effort8 this yoar
enh8ncad the lawn area bohind the Ihg8tre through the installatth of new planting
We undertook extemal revpointing and paintiw an¢J de￿rttsd th8 foyer sp8ee to the theatro wlth Some
stunnlng colours
We reF4ac*(I decawng timb4YS in an extern￿ ramp
&¥tsmal solar powered lighting Illuminatw pathwAys
Flnan¢lal R•view
These 8ccounts have been prepfjreu fr*the financtal year endwu 31 Mar¢h 2025.
Th8 res￿ for the year was a surplus of£4,476 (2024- dthit £5.305}.
The amount of ieserves as at the balar￿ shget date aTh￿nted to £228.146 {2024- £223,670) Including
restricted funds of £78.680 (2024- £71,159). Free rfrserves. which indude5 unreslricted fvnds after elimnating
tsngitle fixed ass8ls arTh)unled io £116.1￿)(2024- £1Lkg.4321.

MALVERN YOUTH AND COMMUNITY TRUST (IAALVERN CUBE)
YEAR ENDED 31 MARCH 2025
TRUSTEES, REPORT
As already noted, the hlrlng ￿Ve1 was ba(* to pTrpaThJemk levels. and was reflecled In hlre income
n￿eS￿y hfjlpgd by a smal In￿e858 in hwrly room hire rotes (the fiTrl irKreas• in 6 years). Th9 c8fe, wh
provides fhe.beatir￿ heart, of thg centre. as well 85 Supporting various events, managed to cover its direct costs
of food. drink. cortsum8bJes. and staffing. The ev8nL% It￿1￿1¥0S. ￿80 as ￿vioUsly noted, took off this year.
incr&ising revenues and containing costs to ¢onlribLrte massNdy towards our general overhead8.
The Cube's financial $tratègy ralls for ils operatrjna costs lo bè mgt by opor*ional ￿cOM&. vthich in
m&ans from hldng space. njnnlng the cafe, and hosting events. Hislorlcaty. thls h8$ not often happened. vAth
shortfa118 made up by gen¢rous tJL¥th'ons from IL)¢al organisatitins and benefactors, enabling us lo keop our ralos
at level8 the whde communty can afford.
Wo therefor6 acknLiwlèdge vAth grnleful thanks the donath)ns trom lh8 Bran￿￿d Tru8L the Ha￿1￿￿￿
Chadlat4e Trust, the Mafvem Hills Communty FoUnda￿On, The Ctroperallve Communty Fund, ar
8everal smaller donors. who befvfftn them have enat4ed us to supwxt the physic￿ and meni81 well-￿Ing
of a varlety of users 1hr(￿￿h our ccmunity room rates café.
Tha net 8ffect by the end of the year was an op8ration* 8ufF4uB, aThJ a healthy bank b8Lgnce at year 8nd of
£120k (up from £104k a year eart￿rI of ￿1th £30K {up from £20K tl* year before) r86ided In our 'rainy
day, re86Ne &¢￿JnI, thus meetlng a stralegc obleth? of maintsining a resoNe fund equiv*enl lo 3
months, 8xpenditure.
Rtsk m*nag•m•nl
The trustee8 both dlro¢1ty and Ihrough Iho Centre Man•Jer conduct on on*olng proc¢sg of risk asse5sm*nl
In every area of the Cubg's operational lifg. In addrth)n to thg ¢featb)n of the Rlsk Register des¢rlbod abov8,
the pollcy on Risk Management vtas ￿VieW0d. along with those on He8th arbj Safgty. Safeguardlng, gnd
Finance. Al other pc4icie5 are part of an on4J(MThJ Syslem of regular pwbdic review.
Structurn. G0￿ManCe Ind Manag•m•nt
Mdvern Youth and Communoty Trust vthl¢h runs Ma1vgm Cub815 a Charitable In¢￿pOrated OrgatiL8alknn, chartty
registration number 1166088. Its conslitution Sets out its govomance through a lThrd of trustees. definiw thelr
dulles 8nd they shoukl eondud Ihe iyjslness of t￿ charlty.
The trusté88 delegatè the day-ttrday management of d)8rlty to th6 Centro Manager IMB. NicoFa Turrelll
vthose r6muner81ion they rwew regularty.
NO￿ of th• truslees h89 any llnanc4al or tjenelkw Inlorest charfty.
Log•1 and •dmlnlstraYv• Infovm•th
Thg Charfty ReglÈtration Number. 1166088
Regisléred OfficA.. Abert Road North, Malv8m WR14 2YF
Tn￿te8830￿i￿ at 1 2024 WKI 31 Mar¢h 2025. and c*anw up I) slgnlng ofthls report..
K Humphries
C Bennion
M J Chuck (r8signod 21.11.24)
J Cross
C George
R Christie (resigned 21.11.24)
K Prlce lappoint￿ 18.07.241

MALVERN YOUTH AND COMMUNrrY TRUST (MALVERN CUBE)
YEAR ENOED 31 MARCH 2025
TRUSTEES. REPORT
J Hughe5
L Adkins lappointed 21.11.24)
S Ford (appointed 21.11.24}
Secretsry.. R Chri$lielL Hugh8$
Treasurer. K Prfce
Ind8Fxndent Examiner.. Elizab8th Eyre FCA Elizabeth EyTg knmited, Bank Stre81 Bu&ngss Centre, 6 Bank Stroet,
Malvern WR14 2JN
Appolntsn•nt of Tr￿t••8
Thg TnJst888 r￿OgnIse the need fly 8trcfflg ar¥J effethe governanc•, and t￿￿for6 th8ly recruit suitable new
memb8rs to jcxn th8 8oaTd of Tru8t888. to provide th8 conllnulty. knryAed9è. experl8ncè, wisdom and
commitment necessary lo run the charity a￿￿￿ely.
Statsment of Tru•toes' RMpon•lbllltle•
The T￿st￿ are responsib￿ f(Y weparing the Trustees. Report and the accounts in acc(*d8nce with aPF4icablo
law and Unil&4 Klngdom Accounting Stsnd8rds (United Kingdom Generalty Accepted Accountino Practice).
The law appllcable lo charib'eg In England and W*s requires the Trustges to Wep￿ acc£Junts for each financtal
year which 9fv8 a tnJ8 and falr view of the slat8 of affa*? of Ilb8 CIO and of Iho Mi¢oming ¢8Bourcos and
aP￿Ication of resources of the CIO lor that y8ar.
In wep•ring these accounts, the Trustees arg rgquir8d lo:
8elecl Sur￿￿8 a¢￿Unting FK4icies, aThJ 8pfv4y Iham con$istsntty;
observe the methods and principles In thè Chariti&s SORP,.
mako judgm$nts and oslimatas thal are reasonatle and prudgnl:
stsle whether sp$￿1￿￿& UK Accounting Stsnd8rds have bogn folowe(1, 8ubJect to any matortol
d•partur&8 dlsdosed and eX￿OIn01 In the accounts: atvj
prepwt Ihe a¢￿Unts cfi the gcrfng cor￿eM basls, unl88S it is inapprwriate trj presume that tho
chwty in opernlon.
Th8 Tru8t888 are resp(￿￿ble for keeping woper accounliNd re¢ord8 that discloso reascrt)able accuracy at
any tima the financial position of the CIO, and enabfe thgm to 6nsur8 that accounts compty with the Charitias
Act 2011, the Ch8Iity IAcc(wnts and Raportsl Regulations 2CQ8 and th8 provisK)ns of the Injst de￿. Thèy we
abo rèsponsllAe for safaguarding the assets of tho CIO. aThJ h•rth for tsking wsonable slaps for th6 prèvonlbn
arKI dgleclion of fraud and other irreou18rities.
The TTusl¢¢$ are respcM)sible for the Maintenar￿e and integrity of th8 norFllnancial and flnancial infomiallon
induded on the CIO'S wèbstte. Legislation in the Uniled Kingkn govemtyw the preparation and diss8mination of
the aro)unts may dThr from18glsfatkn In otheriuvlsdlction
On of fv Trustees
KPrl
Trustee
2025

MALVERN YOUTH AND COMMUNrrY TRUST (IdALVERN CUBE)
YEAR ENDED 31 MARCH 2025
INDEPENDENT EXAMINER'S REPOFrr
TO ThE TRUSTEES OF PIALVERN YOUTh AND COMMUP4TY TRUST IMALVERN CUBEI
I rgport lo the trust88s cffl my eXarnInatK￿ of tha •xtsJnts ot the ch&ity tho year endad 31 Match 2025. whlch
are set out on ￿ge5 6 to 18.
R•spOn$lblm￿ and bosls of r•wt
As the Char￿'S Iruslees, you are respffislt4e for the preparatkn of the accounts In accordanc6 wlth tho
requirements of the Chanties Act 2011 {'the Acr}.
I reF¥Yt In respect of my examlnatoon of the chartys accounts carfed out under sectlon 145 d the 2011 Act
and in carry￿g out my ex8mination. I hav8 fdlow8d all th8 applicabi8 Dir8ct*)ns giv?n by the Chartty
Commissk)n under section 145{5Mb} of th8 Act.
Ind•p•ndont •xamln•V• statsm•nt
I have comrA8led my 8xamination. I confim that materkn4 matters hav& com8 to my attention in
connection with the ex8minatw wthich glves me cause to believe thal in. any malerlal respect..
the accounting racords not kept in accord8rKe with sethn 130 of the Charities Act,. or
Ihe accounts did not accord *ilh the accounlirwJ records..
the acLounts did not cOm￿Y with the appllcatle requirements conceming the form and Gontent
of accA)unts sel oul In the Charities (Accounts and Reports} Re9ulalws 2008 other than any
requirement that Ihe a￿￿UntS give a Irue and farf vi8w which a matter c￿S1￿8red as
part of an indeperKient exaffllnati￿.
I have no concgm8 and have c￿e au0$8 no Ot￿r matlers in conneclion with the éxamination lo which
attenllon should be dr8wn In thls report In order to gnatrAe a prowr understanding of the aco)unts to bo
rgathgd.
Ellzabeth Eyre FCA
Ellzabeth Eyre Limlt•d
Bank 8tre•t Busin¢$J Centr•
8 B•nk Stre•t
Malvorn
WR142JN
A1Cve￿L¢f2o25

IIIALVERN YOUTh AND COMMUNrrY TRUST IMALVERN CUBE)
YEAR ENDED 31 MARCH 2025
STATEMENT OF FINANCIAL ACTIVITrrES
Ilncludlng Income and frxpgndlture account)
UnroStrk1￿ R¢strlctsd
Ful￿5
Fund$
Totsl
2025
Total
2024
INCOME
Donallons and legades
Charitable aclNil
Other income
Investments
5.459
215,101
23,653
29,112
215.101
26.T85
194,741
1.828
1,828
1,202
TOTAL INCOME
EXPENDITURE
CharlIa￿e adNllkrys
228,69S
12.870
241,565
228.033
TOTAL EXPENDITURE
228.695
12,870
241,565
228.033
NET INCOMEI{EXPENDftURE) FOR
THE YEARI
NET MOVEMEKf IN FUNDS
<6,3071
10.783
4.476
15.30SI
TOTAL FUNDS BROUGHT FORWARD
152.511
71.159
223.670
228,975
TRANSFERS
3262
(32621
TOTAL FUNDS CARRIED FORWARD
149,466
223 670
Tha slalement of finandal ￿tivI￿•S indudes all gains and losses rwnis•d In the year.
JI inct>mè and oxp8ThJilure derive frcrfn ccffltinury actwwbs.
The notes cffi pa￿ 8 to 18 form thes8 fv)anda ststements.

MALVERN YOUTH AND COMMUNrrY TRUST (MALVERM CUBE)
YEAR ENDED 31 MARCH 2025
BALANCE SHEET
2025
2024
FIXED ASSET8
Tangible assets
TT.370
104,018
URRENT ASSETS
Stock
Debtor8
Cash at bank In hand
Tolal current assets
Creditr)rs.' amounts fallirvJ due wilhin one year
3.075
4,627
148,270
1S5,972
{5,196)
2,399
3,080
120.364
125.843
16,1911
10
NET CURRENT ASSErs
1SO.776
119,652
NET ASSETS
228 146
223 670
FUNDS
Reslrictgd fvnds
Unreslrietsd fund8
13
78,680
71,159
152511
223 870
Th6s8 awcwnts wwe approved by the Tw81￿& on Lo
, 2025 and slgned on their hholf ty:
K Humphrt•$
Trust•e
K Prlc•
Tru5te•
The notss on pages 8 to 18 fcvm part ofthese finaxial ststements.

MALVERM YOUTH AND COMMUNrrY TRUST (PAALVERN CUBE)
YEAR ENDED 31 MARCH 2025
NOTES TO THE FINANCIAL STATEMENTS
1. ACCOUNnNG POLICIES
Company Inf¢)mwtlon
Malvem Youth C(*nmunity TnJ8t IM8lvern Cubel is a Charitat4e Incorpcyated Organisation.
regist8rad offi¢e is Ajbert Road North. Malvem, Worc*8ter5hire. WR14 2YF.
a) Basls ol Ac¢ountlDg
The at￿Unts hava been pr8par8d in acoyd8n¢e with Accounting and Repr*b'n9 by Charitw.. Statsment
of Recommended Practice applScable lo chariues preparlng tholr accounts in acD)rdance wlth tho
Flnancial Reporting Standard ap￿lea￿l* in Ihe UK aThJ Republ￿ of Ireland IFRS 1021 lèffectNe 1 January
2019)- (Charilies SORP IFFiS 10211. tl* Fin￿81 Reporbng Standard appluiqe in the UK and Republic
of Ireland {FRS 102).
Tho CIO méèts the d8finltith) of a public b8nefft entity under FRS 102.
The èccounts h8ve been preparetd in slerfing, which bs the fun￿onal of the CIO. Monet8ry
amounts In these accounts 8re rounded to the nèarest £.
Assets and lIa￿l￿e5 are Inftlaly recognisod al hlstorte41 cost or transxuon value unloss olherylse statsd
In the r¢l•vanl ac¢)Junting w4i¢y notelsl.
b) In￿rnIng R••wrco•
Incomè 1$ recognts8d in the Slalement of Financial Activ￿e9 when the CIO has an enlitlomenl lo the fvnds,
any Ferfomance condklons attached lo the Iteftrfsl of kncome have bo•n met. M 18 proba￿• Ihal Income
wll be re￿l¥Sd an¢J can measured roliabty.
ash (lonatk)ns arè recogn130d on rtcelpL Other th)natknns are recognlzod the CIO has bggn notmed of
the donalB)n, un￿sS p8rfcffiian¢g CondthOr￿ requirg d9ferrd of the amourrt. In￿rn￿ tax rgcvvgr8blo In
relation lo donations received under Gift Aid or d68ds of covenant is rncognisad al the ltsne of the donation.
Legacies ar8 recrynised on Tgceipl ¢y IAh8TWi$g il the CIO has been nOt￿ed of an Impending dl¥tribulion. Ihe
amount is knchvn. and re¢eipl is exp8Cted. 11 tho ￿nI is nol kJ)own. th8 *acy 1$ tr981od 88 a conlinganl
' a55el.
Rent receivgd4n advarth ft* the hirg of rwms h88 been doferrnd lo tho period in which the rent r81è188.
cl DoTratsd s•rylces
Thg value of ser4￿$ provhled by vohjnteers h88 ￿t been Ir￿uded in inc(Th.
d} Resourcès èxpended
AJI expendhwe Is Includ8d on ￿ ac(xual8 b8s& and h88 been d•ssrfled under haadkngs that ggfftale 911
costs re19t￿ to thal calagory. Expenditur8 indudas ary VAT which cannot b8 recovered. Exp8nditura is
dassrfled undor the fdlowing aCti￿ty headiros:
ExperKliture on charitaL4e activthes.
CharilatAe expenditure cornprises Ihose costs irKurTed by tho Gharity in the delivery (rf h8 ￿t￿Ttle3 aThJ
$grvic8s lor its bgnaficiaries. It inchJd8s tKslh that can b8 allocated diroctly to s￿h activities 8ThJ
Ih)sp costs of an indirect nature necessary to SUPE￿ them.
Cr8dilors represent tho amcNnt the tharrty anbupalos il wl pay lo $8tU8 a dobt or 8 proM8ion lor goods and
serv￿8 tt ha8 received nc￿ yet knvoiced. rr£asur8d at 59ttrerr￿I amount
•) Allocatlon of $upport
Supwrt ts)sts are thos8 lunction5 that assi£1 Ihe wort of th8 ScKlèly but do not dir&cify undertake
' chartiable actNilie$. Support costs indude govemance costs which support the SDr4ety's activitEs.

MALVERN YOUTh AND COMMUNITY TRUST (MALVERII CUBE)
YEAR ENDED 31 MARCH 2025
NOTES TO THE FINANCIAL STATEMENTS
Flx¢d A55ets
TarvJible fixed assots are irmlially measured at O)St and sub8equentty meawred al c¢sl or valuatr*n. net of
deprwatton and any impaiment h)sse&
Dep￿lat￿)n is recoJni88d 80 as to wtlle oly the 0)sl orvduatth of assets th$ their re51th￿ valuos 0￿r thelr
useful lives on the fdh)wing bases:
Propety imwovernents
Comput8r eQ￿pM￿t
Decknng
Tolets
Furniture and 8qulF￿rrt
Kitc*en
10% on cost
33 113% on rmt
10% on cx)5t
lO%￿¢￿t
25% on cost
10% on
Th6 gain or loss ad81ng on the dis[￿￿ of an asset 1$ détèmin&J as thè dlff8rènc8 betweén thè sal8
pr￿ed6 and the carrylng v81ue of the asseL and ts recwised in net 1ncomel{exp￿thr0l for Ihe year.
g) Impaimi•nl of flx•d a8S•t•
Al 68ch reporting end dale, the CIO reviews th• carrylng amcljnl of tts tsnglble and IrrtarYJltrAe assets to
determine ￿ether Ihwe is any inditatic￿ that ilwe assets have suffered an impairrnenl loss. If any such
indication exists, the re0)vera￿V amount of thg a88et 18 e8b"mate*J In order to d8twmlne the extsnt of the
impairnant loss Irf ￿y).
Recovaroblg anv)unl Is Ihe hlghgr ol fatr value less costs to s•1 ar￿ vahje in u¥•. In 8s$088lng value In usa,
Ihe eslimaled future cashfl¢M are diSo￿nt￿O lo Ih&ir present valua u&ng a pro-tax discount rale Ihal reflects
current moikel assessments of the time value of monoy and the tisks sp9crfic lo th8 a&8el for whlch the
èsumates olfuture Cash IIow5 have not been adjusted.
If thg rfjfx)verablé an￿urtt of an asset is 88timaied to b81888 tr￿rt b coffylw 8mwnl. th& carrying amount ol
th8 asset is.reduced lo il¥ T9￿¥0￿bIe arr￿jnt An impairm￿1 Is recowised imrn8dlately in
incomellexpgnditurel for the year. unle88 the relevant 8s38t is carried at a revaluod amount, in whNth c85e tho
Smp8irnenl106s is troai8d 8$ a revaIL￿￿On d8crea80.
Rocognlsed Impalm)ert losses are Tevers•d 6f, 8ThJ olty If. tho r00SC￿ fty the Impalrment 10s8 have ceS￿d
to apF4y. Where an impairment 105s subsequenty reverses. thè carying amount of the asset is In¢￿ased ¢0
the ￿Vised gslim8le of its recover¥L4e aft￿Unt. but so thal the Incxeased caryng 8mounl Lkns not exceed
the ¢8rythg amount Ih8t would have been determined had no impaim)enl loss been recogt)ised lor the asset
in prw)r years. A reversal of an impaimient is rewJni5ed immedi*dy, unless the le￿vant OS8el is c8rri8d in
al a ravaluad amount. l bthlch ca86 the revers* of thè imp8irment loss is tseatèd as 8 revaluation incr8a$g.
h) Stock
Stock18 81 th8 lower of cost and nel realis8￿& value. Cosi is compulad on a first in firnl tsui ba$b.
Net reaLsoblg v￿u& Is based ￿ estimaled selllng price less ests"matsd rp351 of dlsposgl.
11 P•n$lo
The CIO olso opetstes a 8d*rr* throLth NEST in aC￿rdar￿ wth thè Auto Enrdm8nt
reg￿at￿.
JI Fund xcounting
.UnrestrlcteiJ ftjnds are available fr)r use at the dwetlon of the tsu5tees In furthoranco of the
gèneral otlectives of the charity unths Ihe fvnds have been deSigr￿ted fw othor purposes.
Restricted ￿ndS are subjected to reStrfctk￿o on their expendibJre Imposed by the donor or
thtough the terrns oran appeal.
Endowment fund3 arg subjed 10 8peC(￿ coTrJilNJns by donors that tho cawtal must be maintained
by the CIO.

MALVERN YoirrH AND COMMUNITY TRUST (MALVERN CUBE)
YEAR ENt>ED 31 MARCH 2025
NOTES TO THE FINANCIAL STATEMENTS
k) Int•r*st r•¢eivabl•
Interest on lunds held on dewsit is Induded when reoNable and the amount can b8 mgasured reliabty
by the So(¥ety; this is nomidly upon Th)lrfubon of the interest paid or payable by the Bank.
l) Employee benefit•
The Cost of any unused hol¥Jay enlrtlement i% recognised in the period in whicth the emtheo's Se￿IC¢S
ar8 received.
T8rmlnatK)n benefits are recognised immedlatdy as an gxpense when the CIO is d9morkgtr814y
committed to t8min8te the en¥4oyinenl of an eMp￿0Yea or to providts terrninati¢M bonofft5.
ml Flnanelal Instruments
The CIO has elected to atwy the Prov￿￿)rts of Sth 11 'Basic Financial Instruments. B SgctDn 12
'Oth8r Finandal In8trum8nts Is8ue8' of FRS 102 to 811 of its finanual In8lnJments.
Financ￿1 instruments are recognised in tr* CIO'S b*rKe sh86t wthen the CIO btrcomes paty to thè
COn￿ClUa1 provW¢Jns of the InstrurnenL
Flnancial assets and liabillues are offsol, wmh the nel amounts presente(I In the financ481 ststemonts,
vthen there 8 legalty enforceable rvJht to sot off the roGognJséd amounls and there ￿ an intention to
seldg on a net b8818 or to rn￿158 the assgt arwJ 80th the lia￿lty sThUllane￿sIy.
Basle fiNnclal ass•ts
Baslc flnanclal assets, whlch lftdude debtors and cB5h and bank balanees. ar• Inltl4ly rneasured al
transac￿on price indudino ts3nsacliw* c(k8ts and ar8 $utysoquentiy carri8d al amortlsod c¥)sl using tha
eflodive interest method unless Ihg a￿angem￿nI corBtttutes a flnandng transacllon, whgre the
Iransaclion Is me8SUTed al the present value of tho fijture recelpts dlscounted at a markel rale of Irrterest.
Flnancial gssets da88rfth as receivable ￿thin 01￿ year are amortlsed.
B•$l¢ finJnclal Il•biiiei•s
BasK fingn¢ial li8ly.lilies. in¢lu¢Jing Credito￿ and bank loan5 are In￿allY recognised at trans8Ction pftce
unl888 thè affangem8nl constitutes a financing transact*)n. whare the d8bt instrumenl 18 mèasured at the
presenl value of the future recelpts di8counted al a markét rate of interest. Financial Ilabili1108 dassffièd
as p8yabl* wlthin ont year are nol amorused.
Oeb(Instruments 8re wb8equenUy c•rr*d at amorttsed cost. uslng the effecilve Intergst rgle m8th0d.
Trade ¢rodit￿5 are obligatiLW to pay for or services that have bBen acquired In the ordln8ry
course of operalh)ns from SUPF4iers. Amounls payabl8 are classified as C￿￿9n¢ 118bilities ￿ paymnl 1$
due withln one year or less. If n￿. they are presented as non-current liabilittes. Tradè creditors are
rtcognlsed inllalty al transactlon wca and ￿b￿l*nOY measwed 8t 8mth"8ed c4>st usirwJ offective
interest rY*trK)d.
Derncognlllon of flnancw Il•bllllles
Flnancial liabilities are dwecogntzed when the CIO'S conlra(aural dAigatims expire or are discharged or
canr*lled.
n) Prnparatlon of th• accounts on a golTrJ conc•rn basiy
At the tiff￿ of approwng the accounts, the Tru51ees have a reasonable expgttalion that the CS0 ￿ adequate
rfrwurc*s to conllnue In Operatic￿ eyJst•nce fDr the fores8oalle fubxe. Thus the Twstees conttnue to adopt
Ihe golng roncem basis of accounting in wepartNJ the accounts.
10

MALVERN YOUTH AND COMMUNITY TRUST (lslALVERN CIJBE)
YEAR ENDED 31 MARCH 2025
NOTES TO THE FINANCIAL STATEMENTS
o} Cash and rash •qul¥al•nls
h and cash equrvalenls indude cash in haNI. depw.ts hehj at (all banks, other short-tgmi l*uld
investm9nts with original maturities of Ihfye n￿nthS or less. a￿1 bank ovefdrafts. Bank overdrafts we sh¢y•Yn
within boThowings in current liabilities.
I ANALY818 OF INCOME
Total
2025
Total
2024
funds
funds
Donatlom and legacl•*
Donation$ aNI gifts
Donatlon• and 91ft8
Bransf￿d Twst
Bemard Sunley Found8t6on
M8lvem Hills ConNnunlty Foundallon
CeroperatNe Soaaty Communlty Fund
Malvem Hi115 Brass Band
CC Men's Shed
Wailrose Community Fund
Hawthomo Charitable TnJ5t
wcc
Malvem Hllg t)Istrkt Cujncll Buggy
Store
Malcolm Vlci
Malvern HIILry Di8lrKI Ccwncl Orchard
project
W¢)rcé8torshire Communty FiyJndatK
PositN• ThcwJght8
U3A
WCC Councofrtirfs Dlscrthn8ry Fund
othor
6,500
6.500
10,¢X
5,000
4,120
1.406
998
375
1,500
11,000
11,OC
2,765
2,765
492
492
9)0
23
112
Ch•rStabh •¢tivili••
Salès ￿thIn th&i18bl8 acfj'vilies
215
194 741
Invostments
Interest recgfv8b
Othw Income
Other income

MALVERN YOLrrH AND COMMUNITY TRUST IPAALVERN CI)BE)
YEAR ENDED 31 MARCH 2025
NOTES TO THE FINANCIAL STATEMENTS
ANALYSIS OF EXPENDITURE ON CHARrrABLE ACTIVITIES
Cul1•
Op•rating
Total
2025
2024
Management staff costs
Dspre¢ialion and impaim*nt
Gas, dectricity and water
Premisas, rgP8irs and maintenance
Tdephone, broadband, postage and
S￿tk￿￿ry
Insuran
Advertising, putrAic relati¢MS and web
Lkences 8nd stsbsuipli
Other
Projecl axpense$
Inter8s1
Events flm
Equipment
28.122
31.450
10,369
28.122
31,450
10,369
29,9)9
33.374
31.224
8.084
24,212
4,538
2.916
2.157
2,516
2.456
1.619
1.200
2.763
7,907
3.038
2,916
2.157
2.516
5.058
655
874
Café staff
Conlracled sorwcgs
F¢)od and beverage
43.356
49.650
25.824
236.520
43,356
49,650
39,118
42,304
236.520
224,980
>)vamance ¢o¥ts I￿ note 4)
5,045
5.045
3.053
TOTAL EXPENDMIRE
241,
241565
ANALYSIS OF GOVERNANCE COSTS
2025
2024
L8g81 ar¥J other wofessional fe8s
GovematKe o)sts irthles payment of £1.$36 (2024- £1.482) for i)d8paMlenl exaffl￿ati￿ f￿.
12

MALVERN YOUTH AND COMMUNrrY TRUST IMALVERN CUBE)
YEAR ENDED 31 MARCH 2025
NOTES TO THE FINANCIAL STATEMENTS
TOTAL STAFF COSTS
2025
2024
Total wages and salaries
Sockal se￿rity costs
Olhgr penslon cx)sts
130.460
1.110
1.229
132 799
98,478
492
1.136
Av•rago numbor •mpltsy•d
Numbor
Number
Céntre Manwr
Othèr Staff
12
10
No emFloyw eamed £60.0(N) wr ènr￿1 or mor¢ In th• rAJrrnnt year or prf¢x year.
None ol the Tru818es lor any pérnons c￿clOd with Ih8ml roceivod 8ny r6MUn9raU￿ and thm6 Tfttst808
worg rolmbursod expan808 lolaling £286 during th• yoar.
I. NEf INCOME FOR THE YEAR
Net Incomg i8.slated after thargiThJ'.
2025
2024
DepwalKJn
31.450
31.224
7. FINANCIAL 114STRUMENTS
2025
2024
Carylng amount of flnanclal as8et•
Debt inslwments measured at a￿K￿lSed c06t
Carr￿ng •mi%mt of fln•n¢l•l Il•bllltles
Measured al am¢)rllsed
13

MALVERN YOLrrH AND COMMUNITY TRUST (IAALVERN CUBE)
YEAR ENDED 31 MARCH 2025
NOTES TO THE FINAMCIAL STATEMEKTS
TANGIBLE ASSErs
Fumltu
and
Irnpnw•m•nts Equlpment DKking Toil•ts •quipment Klich•n Total
Cost
At 1 Aprl 2024
Additions
Disposa18
At 31 March
2025
235.157
5.593
2,050 10.821
48,039
4,802
8.783 310,443
4.802
O•prnclatlon
At 1 April 2024
DIspos81s
Chargo for 'lhe
ytsar
At 31 March
2025
142.727
S,593
2.050 10.820
36,453
8.782 206,425
Not l)ook valu•
At 31 March
2025
At 31 March
2024
STOCK
2025
2024
Bar stock
10. DEBTORS
2025
2024
Trad• debtors
Prepaym8nts and other debiors
2,806
2.261
14

MALVERN YOUTH AND COMMUNITY TRUST IIAALVERN CUBE)
YEAR ENDED 31 PAARCH 2025
NOTES TO The FINANCIAL STATEMEKrs
11. CREDITORS: AMOUNTS FALUMG DUE IMTrIN ONE YEAR
2025
2024
P8ymen15 received ￿ ac¢tyJnt
Trade credilors
Ollw Creditors
Acuuls and deferred Incwe
2.227
413
2,558
5,196
1,736
11 AP4ALYSIS OF NEf ASSETS 8EfwEEN FUNDS
unrMtrlC￿ Restrlcl•d
Funds
Fund
Fund baanees at 31 March 2025 ar8
r8pre$enl8d by:
T8ngibl8 fixgd assets
Curyenl assets
Currgnl liablil*s
33.316
121.346
15.196)
44,054
34.626
n,370
155,972
5.196}
13. RESTRICTED FUNDS
At
31 March
2025
1 Aprm lfi¢omlng
2024 R••ourc•s
Outgolng
R•¥ources
Trthn*f•
Wlndows and building fund
Theatre Improvements
Gardgn pro
Grounds irnprovem￿ts luThl
Stranger Futures fund
Boiler réF4ac8ment furKI
Front tknr fund
Flre damage fund
Flre deaning lund
D1s8L4ed t￿let fund
Green room fund
Theatrè North Wall fijnd
Buggy Store fund
atlorm lift fund
Brdnslord Trust
Basketbal equipment fund
Orchard projoct
Worcestershire Communty
Foundati
1.542
4,382
2,398
9,561
750
1,200
1.799
{1.212)
(1,904)
132)
(2.558)
2,478
2,366
7,003
750
(3001
(4491
11721
13631
13481
11041
1.350
516
1.015
1.511
312
1.378
1.859
416
4,120
39.660
11.O¢XI
1786)
{3,262)
14,334
33,136
6,500
13.262}
{5C(J)
{880)
262
15

MALVERN YoirrH AND COMMUNITY TRUST IMALVERN CUBEI
YEAR ENDED 31 PAARCH 2025
NOTES TO THE FINANCIAL STATEMENTS
RESTRICTED FUNDS (contlnu•d)
Restrthd donations re￿ed during the year.
Plarfomi Lift fund-
North Wall lund- from Malcdm Wictcry towarts the p4anned renovati￿ of Ihe Theatre's North Wal
Tho Buggy Store fvnd- froffl MHDC.
G8rden Projocts fund- for garden U)ntaIne￿ ofKI equlpmenl
Windows and Buildings fvnd- for extemal decoratK)n
8ask8thall equipment fun¢J - frC￿ WCC for new basketWI
Orchaftl Pro1￿t fund- from MHDC
A transfer of £3.262 has t*en made frcrfn tAakn lrfl rèstrthj lund to unr8strictwJ Thls rapresents th6
ttspr¢dalion charg8 In tho wior y88r.
14 CRITICAL ACCOUPrnNG ESTIMATES AND JUDGEMENTS
In the aprAicatkJn of Ihe CIO'S accojnting pOI￿leS. Tfuslefjs are required to make judgements. estimat&s
and as8umption8 atrN)Lrt the carying amount of assols and liabilities that are not raadily apparent from other
sources. The eslimate8 and assoryaled assumptions are based on hi8tNical experi￿¢? and other factors
that are considgr8d lo be r8lev&rt. A¢tU81 res(￿ts may frcrfn thes8 &5tirTTatOS.
The 88timalos and underlwng a$sumptions are r9viewed on an ¢y*golng ba318. R￿SlOn8 lo acxountlng
e$llmo1•s are recoww In the pertod In which the gstimats Is revlsed where tho ravbiGn affocts C￿lY trtal
pèipjd, or In tho poriod of the rnmsion and bjturg porh)ds whore Ihg revigiMs affocts b)Ih current and fulurfr
perlodg.
1& RELATED PARTY TRANSACTIONS
. R•mun•ratlon ol k•y man•g•m•nt P•r￿nn•1
Tho romun8ration of key manag8ment personnel ￿ as knlcv*8.'
2025
2024
Aggr8gale compensat6on
No guarantees have teen gfven or rn¢eNed.
Rtlated p•rty tran￿ctIonS
DuHrbg the year Ihg tharity rewved of £13.120 arMI c0ntrfbuY￿ for admin serylces of £2,733 from
Malvern Cube PrOJ￿ts.
16

MALVERN YOUTH AND COMMUNITY TRUST (MALVERN CUBEI
YEAR ENDED 31 MARCH 2025
1& STATEMENT OF FINAP4CIAL
ACTIVITITES- prior y￿r
Unf•strlctgd Rostrict¢d
Fund
Fund$
Total
2024
Total
2023
IHCOME
Donations and legaci•s
Charitsble adivities
Other ir￿0m8
Investments
14.386
194.741
26.785
194.741
65.836
171,392
1.202
1,202
144
TOTAL INCOME
237 372
EXPENDITURE
Charitable actfvltle8
220.100
7.933
228.033
224,582
TOTAL EXPENOITURE
220.1Q)
7,933
228,033
224,582
IEXPENDITURE)nNCOME FOR
THE YEARI
NET IAOVEME14TIN FUNDS
19.7711
4.466
{5,305)
12.790
TOTAL FUNDS BROUGHT FORWARD
159.22S
69.750
228,975
216,185
TRAN3FER3
3.057
{3.057)
TOTAL FUNDS CARRIED FORWARD
1S2511
223,670
228 975
17

MALVERM YOUTH AND COMIAUNrrY TRUST (MALVERN CUBE)
YEAR ENDED 31 PAARCH 2025
17. RESTRICTED FUNDS- fv y•ar
1 Apr• Incoming
Outgoing
2023 R•5ourC￿ Resour¢•$
Transfgrs
31 March
2024
Llghbng prqecl fund
Windows and building fvnd
Theatro Improvements
Garden project
Grounds improvemenls fLwbJ
SlrBnger Futures fLtnd
Boler re￿acement fund
Front th)or fjjnd
Fire damage fvnd
Fire deaning l￿d
D*8bled tol&1 ftjnd
Gr88n room fund
Census ratum support lund
Theatre North W811 fund
Buggy Store luThJ
Slaff Apprttialion fund
Hatfomi Ilft lund
17
2254
6.286
1,432
12.119
1116)
11.2121
11,9041
1321
{2,5581
99
1,542
4.382
2,398
9,561
750
1,200
1,799
688
1,378
1.859
416
1300)
14491
11721
{3631
13481
{1041
2.248
1,741
2.207
520
3.156
{3,156)
1,406
4,120
37b
1,406
4,120
1375)
39.660
933
12399 71.159
18