Page 38 - Annual Review - Year Ended 31 July 2023

Statement on Fundraising
All fundraising activities for the College are carried
out by highly professional College staff with assistance from the Malvernian Society alongside the the parents and pupils with the the running of specific fundraising events The College does not use external professional fundraisers or have any commercial participators All fundraising activities report in in to to the the Chief Operating Officer are monitored by the the Headmaster and are overseen by the the members of the the College Council No complaints relating to fundraising activities have been received by the the College during the the financial period However the College has in place procedures that would be followed in in the event of a a a complaint being being received with the the initial response being being the the responsibility of the Chief Operating Officer Any continuing issues would then be passed to the the College Council to determine what further action might be required The College does not currently subscribe to any specific fundraising standards or or schemes for fundraising regulation but considers that it has set appropriate standards for the operation and and management of its fundraising activities In particular the College considers that its processes and controls ensure that vulnerable people and other members of the public are protected from any unreasonable intrusion of their privacy and that no fundraising activities would be unreasonably persistent or place undue pressure on on on a a person to give money or property Risk Management
The Council as as Trustees of the Charity has examined the the principal areas of the the College’s operations and considered the the major risks faced in each of the the risk risk areas by by reviewing the Risk Register prepared by by the the the College’s SLT It is the the the opinion of the the the Council that the College has established resources and reviewed systems which under normal operating conditions should allow these risks to to be mitigated to to an acceptable level in its day-to-day operations Risks are recorded on the College’s Risk Risk Register The Council formally reviews the Risk Register on an an an annual basis Changes to the College’s risk profile are monitored and controlled on on on on an an operational basis by the the College’s SMT the the Operations Management
Team and and the Health and and Safety Committee These bodies report specific identified risks and the the strategies for managing those risks to the the Audit Risk & Compliance Committee the College Management
Board and Council The key controls used by the College include:
» Formal agendas and papers for all Committee Management
Board and Council meetings with detailed minutes taken for each » Clear and detailed terms of reference for each Committee » Comprehensive strategic planning budgeting and management accounting » Established organisational structures and lines of reporting and » Trustees who have designated responsibility for child protection and and health and and safety The Trustees believe that the College’s financial resources and contingency planning is sufficient to ensure the the ability of the the College to continue as a a a going concern for for the foreseeable future being at least twelve months from the the date of of approval of of these financial statements 38
MALVERN COLLEGE (INCORPORATED UNDER ROYAL CHARTER)
ESG | Governance Report