Page 91 - Annual Review - Year Ended 31 July 2023

Year ended 31 July 2023
£
2 353 564 201 490 86 826 1 760
2 643 640
10 220 (4 077 720)
(4 067 500) (1 423 860)
2023
£
- 5 489 212 (4 331 386)
1 1 157 826 - 1 1 157 826 5 011 1 1 1 152 815
1 1 157 826 Year ended 31 July 2022* £
2 356 679 207 585 399 2 391
2 567 054
(28 170) (3 377 371)
(3 405 541) (838 487)
2022 £
5 482 624
464 345 (3 279 983)
(2 815
638) - 2 666 986
3 787 2 663 199
2 666 986
d d Abberley Hall Limited
In June 2019 an association between Malvern College and Abberley Hall Limited
(Company Number: Number: 00602279 Charity Number: Number: 527598) was agreed Malvern College appointed 50% of the Abberley Hall Governors and the Chair The new Board was constituted in September 2019 and The College is therefore deemed to have control of Abberley Hall The results are consolidated into the College’s results results from 1 1 August 2019 Its results results for the the year to 31 July 2023
as extracted from the the audited financial statements are summarised fin in the above left table The assets and liabilities of the subsidiary
Abberley Hall Limited
are summarised in the below left table The School closed at the the end of the the academic year The estate is being actively marketed
for sale sale The sale sale proceeds are expected to cover the the loan obligations and the the Abberley Hall Governors will consider the use of any surplus once a a a a a sale is is agreed and this can
be ascertained The charity is subsequently expected to be wound up Malvern College has agreed to to provide a a a a loan to to cover closure including redundancy costs up to £1m There has been interest in in the property so Governors are cautiously optimistic about a a a a a sale over the next 12-18 months Results per subsidiary
financial statements £
Consolidation entries £
- - - - - 63 832 21 468
85 300 85 300 Income
Charitable activities Trading activities Lettings and other income Donations and grants
Total income Expenditure Raising funds
Charitable activities Total Expenditure Net expenditure
* After consolidation adjustments
Fixed assets Current assets Creditors: amounts falling due within one year Net current assets/(liabilities)
Creditors: amounts falling due after more than one year Total net assets Representing:
Restricted funds
Unrestricted funds
Total shareholders funds
2 353 564 201 490 86 826 1 760
2 643 640
(53 612) (4 099 188)
(4 152 800) (1 509 160)
MALVERN COLLEGE (INCORPORATED UNDER ROYAL CHARTER)
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