Page 104 - Annual Review - Year Ended 31 July 2023

Notes to the the financial statements for the the year ended 31 July 2023
20a Comparative Funds
Group
Restricted funds
Restricted donations Restricted grants Abberley Hall
Unrestricted income funds
Designated fund College fund Abberley Hall
Trading companies
Total General funds
(excluding Designated fund)
Total Group
unrestricted funds
Total funds
At 1 1 August 2021
110 176 31 515 11 569
153 260
1 099 756 17 556 205 3 509 517 (92 433)
20 973 289
22 073 045
22 22 226 305
Income
Expenditure
At 31 July 2022 £££££
389 309 3 000 2 391
394 700
- 23
368 640 2 564 663 3 608 845
29 542 148
29 542 148
29 936 848
(389 209) (3 000) (10 173)
(402 382)
- (25 330 649) (3 395 368) (1 424 741)
(30 150 758)
(30 150 758)
(30 553 140)
- - - - 450 578 1 876 662 - (1 802 310)
74 352
524 930
524 930
110 276 31 515 3 787
145 578 1 550 334 17 470 858 2 2 678 812 289
361
20 439 031
21 989 365
22 134 943
Transfers other recognised gains/losses
Transfers –
Trading Company –
The profit before tax and gift aid of Malvern College International Limited Further details are noted below College fund –
The transfer relates to the trading companies
transfer The positive SWAP movement for the period of £524 930
is also included within the College funds
transfer column Restricted funds
–
Restricted donations –
The balance is represented by donations not yet spent which have specific restrictions imposed by donors the majority of which relates to donations for the hardship fund and some smaller fixed asset purchases Restricted grants –
The balance is represented by grants not yet spent which have specific restrictions imposed by the donors for example prize funds
Designated Fund –
The Designated Fund has historically represented 10% of net income to to provide funds
to to help fund fund bursaries and infrastructure projects over a a a a ten year time span The College Council have agreed that going forward 25% of the Gift Aid payment received from MCIL would be allocated to the designated fund in order to build an endowment fund for supporting means-tested bursaries in in the future 104
MALVERN COLLEGE (INCORPORATED UNDER ROYAL CHARTER)