THE MARCE SOCIETY
EXECUTIVE REPORT AND FINANCIAL INFORMATION FOR THE YEAR ENDED 31ST MARCH 2024
THE MARCE SOCIETY
EXECUTIVE REPORT AND FINANCIAL INFORMATION FOR THE YEAR ENDED 31ST MARCH 2024
Registered Charity No:
326797
Officers:
Dr. Jennifer Payne (President) Professor Vivette Glover (Treasurer) Dr. Crystal Clark (Secretary) Professor Louise Howard (Immediate Past President)
Dr. Lavinia Lumu (President Elect)
Administrator:
Kelsey Sweeney
Address:
5034A Thoroughbred Lane Brentwood, TN 37027, USA
Bankers:
Truist 309 22nd Ave. N., Ste. B Nashville, Tennessee 37203 United States
Charity no: 326797
THE MARCE SOCIETY
EXECUTIVE REPORT AND FINANCIAL INFORMATION FOR THE YEAR ENDED 31ST MARCH 2024
The Executive Committee presents its report and accounts for the year ended 31st March 2024.
Aims and Organization
The Society, which is a registered charity, was formed to advance the understanding, prevention and treatment of mental illness related to childbearing.
The Society was founded in January 1980 and registered with the Charity Commission in March 1985 and is governed by its constitution.
The Executives manage the affairs of the Society. The Society employs a part-time administrator.
There are autonomous or semi-autonomous branches in Australasia, Brazil, Canada, France, Germany, Japan, Italy, the Nordic countries, Portugal, Spain, the United States, and the United Kingdom.
Executives
The executives in office during the year are as stated in ‘Charity Information’. The appointment of executives is governed by the Constitution of the Society. Election to the Executive Committee is open to any member, proposed and seconded by other members.
Review of Financial Activities and Affairs
At 31st March 2024 the Society had bank balances of £ 51754.40
Reserves
The Charity maintains a reserve invested in a UBS Business Account, designated for shortfalls in the Biennial Conferences and other related expenditures. The Executive Committee endeavor to retain cash equal to one year’s expenditure.
Executives’ Responsibilities
The executives are obliged under charity law to prepare financial statements for each financial year.
The financial statements must properly present the receipts and payments account for the financial year and its assets and liabilities at the end of that year, and they must comply with applicable accounting standards, subject to any material departures disclosed and explained in the financial statements. The executives must prepare the financial statements on a going concern basis unless it is inappropriate for the adoption of suitable accounting policies, their consistent use in the financial statements, supported where necessary by reasonable and prudent judgments.
The executives confirm that the above requirements have been complied with in the financial statements.
In addition, the executives are responsible for maintaining adequate accounting records and sufficient internal controls to safeguard the assets of the charity and to prevent and detect fraud or any other irregularities.
Charity no: 326797
THE MARCE SOCIETY
EXECUTIVE REPORT AND FINANCIAL INFORMATION FOR THE YEAR ENDED 31ST MARCH 2024
Approval
This report was approved by the Executive Committee.
Charity no: 326797
THE MARCE SOCIETY
EXECUTIVE REPORT AND FINANCIAL INFORMATION FOR THE YEAR ENDED 31ST MARCH 2024
| ASSETS Current Assets Checking/Savings 1-101 · Truist Checking 1-103 · Truist Money Market Total Checking/Savings Accounts Receivable 6-000 · Accounts Receivable 6-201 · A/R - Australasian 6-301 · A/R - Francophone/Belgium 6-401 · A/R - German Total 6-000 · Accounts Receivable Total Accounts Receivable Other Current Assets 5-100 · UBS Investment Account 5-200 · Prepaid Expenses - Meetings Total Other Current Assets Total Current Assets TOTAL ASSETS LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable 8-501 · Accts Payable - UK/Ireland 8-502 · Accts Payable - Norway Chapter 8-503 · Accts Payable - Japan Chapter 8-504 · Accts Payable - Spain Chapter 8-505 · Accts Payable - Portugal Chapt Total Accounts Payable Other Current Liabilities 2-300 · Deferred Revenue 2-301 · Member Dues Total 2-300 · Deferred Revenue |
Mar 31, 24 Mar 30, 24 $ **Change ** |
|
|---|---|---|
| 38,040.77 38,824.47 -783.70 26,277.20 26,276.98 0.22 |
||
| 64,317.97 65,101.45 -783.48 -7,103.42 -7,103.42 0.00 -4,152.00 -4,152.00 0.00 -2,280.00 -2,280.00 0.00 |
||
| -13,535.42 -13,535.42 0.00 |
||
| -13,535.42 -13,535.42 0.00 116,946.69 116,946.69 0.00 98,447.29 98,447.29 0.00 |
||
| 215,393.98 215,393.98 0.00 |
||
| 266,176.53 266,960.01 -783.48 |
||
| 266,176.53 266,960.01 -783.48 |
||
| -3,797.49 -3,797.49 0.00 -2,440.00 -2,440.00 0.00 120.00 120.00 0.00 -3,080.01 -3,080.01 0.00 120.00 120.00 0.00 |
||
| -9,077.50 -9,077.50 0.00 40,973.34 40,973.34 0.00 |
||
| 40,973.34 40,973.34 0.00 |
Charity no: 326797
THE MARCE SOCIETY
EXECUTIVE REPORT AND FINANCIAL INFORMATION FOR THE YEAR ENDED 31ST MARCH 2024
| Total Other Current Liabilities Total Current Liabilities Total Liabilities Equity 3-100 · Opening Balance Equity 3-200 · Retained Earnings 3-300 · Unrestricted Net Assets Net Income Total Equity TOTAL LIABILITIES & EQUITY |
40,973.34 40,973.34 0.00 |
|---|---|
| 31,895.84 31,895.84 0.00 |
|
| 31,895.84 31,895.84 0.00 50,838.30 50,838.30 0.00 -3,099.00 -3,099.00 0.00 276,749.37 276,749.37 0.00 -90,207.99 -89,424.51 -783.48 |
|
| 234,280.68 235,064.16 -783.48 |
|
| 266,176.52 266,960.00 -783.48 |
Charity no: 326797