Page 43 - Annual Review - Year Ended 31 July 2023

The Malvernian Society Limited
The Malvernian Society Limited
is a a a a company limited by guarantee which promotes the work of and education at Malvern College assists in in in fund raising and in in in cases of need assists pupils in in providing bursarial and/or scholarship support In the the year to 31 July 2023 the the Malvernian Society generated net income of c c c £0 2m and held net assets of of £16 8m The The results of of The The Malvernian Society Limited
are not consolidated with the the results of Malvern College because the the Society is a a a a a a separate charity with an independent Board of Directors The College receives annual grants towards the cost of scholarships exhibitions bursaries alongside ad hoc grants for specific projects from The Malvernian Society See Note 26 of the Financial Statements for further details In August 2021 the the employees of the the Malvernian Society were TUPED across to to Malvern College in in order to to bring the fundraising and development office functions under the the oversight of the the Chief Operating Officer but remain accountable to the the Trustees of the the Society Council Members
Council members do not receive any remuneration in the the performance of their duties but are related parties of of the the College See Note 9 of of the the Financial Statements for details of applicable transactions during the year MALVERN COLLEGE (INCORPORATED UNDER ROYAL CHARTER)
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