ANNUAL REPORT & STATEMENT OF ACCOUNTS | The Malvernian Society Limited Financial Report & Statement of Accounts for the period from 1 August 2016 until 31 July 2017 The organisation is a charitable company limited by guarantee, incorporated on 30 April 1926 and registered as a charity on 1 November 1963. Directors: Trustees who are Directors for the purpose of Company Law, and Trustees for the purpose of Charity Law, are as follows: President: Rt. Hon Sir Stephen Brown PC, GBE (Elected 06/15 - 06/18) Elected:
JP Foxall (Chairman 06/15 - 06/18) NCS Engert (11/15 - 06/18) RJ Harris (07/17 - 06/20) JMJ Havard (06/17 - 06/20) PE Lambert (06/17 - 06/20) J Müller (06/17 - 06/20) JA Staniforth (06/15 - 06/18) BS Walker (06/17 - 06/20) RTH Wilson (06/15 - 06/18)
THE MALVERNIAN SOCIETY REPORT & STATEMENT OF ACCOUNTS FOR THE PERIOD FROM 1 AUGUST 2016 UNTIL 31 JULY 2017 Achievements and Performance This report provides a 12-month review of the Society’s operations. Those events continued at the start of this financial year with a Sports Supper in London for the large numbers of OMs who contribute to Clubs associated with Football, Cricket, Golf, Court Games, Rifle Shooting and Sailing. The fourth annual Property Networking event for OMs working in the very broad fields of the property world took place in November 2016. We continued to hold our quarterly, informal gatherings for OMs in High Holborn, which on average 50 OMs attended each time; and 2016-17 saw two more very well-received House Reunions at Malvern for OMs of No.1 (117 attended, a good number) and Ellerslie House as well as Ellerslie School (184 attended, an excellent response showing the strong allegiance EOGs, who were the significant majority, feel for the College). In 2017-18 it will be the turn of House No.2 in September 2017 and No.6 in June 2018. Last year the Headmaster hosted OM events in Milan, Hamburg,
Ex-officio: Nominated:
AR Clark (Headmaster) CL Ferris (Parents’ Forum) (06/16 - 06/19) AR Higgins (Parents’ Forum) (06/17 - 06/20) SC Holroyd (Common Room) (06/15 - 06/18)
Vice- Presidents:
HCK Carson R de C Chapman PJ Cartwright MC Frayn PCU Jagger BTDM Laidlaw Lord MacLaurin of Knebworth DL HM Robinson MJW Rogers OBE
Operations Director: P Godsland
Frankfurt and Munich and in May 2017 made his now annual visit to Receptions for OMs in Hong Kong and Kuala Lumpur.
the College. This policy of support resulted in 2017 in a net inflow (2016 outflow) of cash resources of £335,000 (2016 (£156,000)).
All these events provide Old Malvernians throughout the world with the opportunity to re-acquaint themselves with their old school and with their contemporaries. Such events provide a platform for the Development team to promote the current popularity, achievements and progress of the College, thus engaging the Alumni with their old College, and encouraging Alumni and Friends’ involvement and support.
Overall funds were increased by a property revaluation where we follow accounting guidelines on present market value, assessed as an increase of £100,000. Secondly there was a return on funds invested of £207,000. Therefore, total funds increased to £11.434 million, much of which remains tied up in property, £3.9m, and restricted funds net of attributed property of £2.7m.
Financial review The Trustees have a reasonable expectation that the charity will continue in existence for the foreseeable future and have, therefore, used the going concern basis in preparing the financial statements. Income during the year was £4,035,000 which is a significant increase over recent years, occasioned by a bequest of £3,500,000, of which £2,000,000 was received during the year. Total expenditure was £519,000, of which grants awarded to the College amounted to £359,000; thereby maintaining our level of support to
We have continued to support the College in other areas of fundraising, such as with the Malvernian Society Assisted Places Scheme, to help attract talented students who otherwise would not be able to come to the College. Several pupils at the College are already receiving such support, including the first named Assisted Place from a local Charitable Trust. The Society has been able to use some longstanding restricted funds to support students in taking full advantage of the opportunities offered at Malvern, such as help towards the cost of sports tours, expeditions and voluntary work overseas. Also, we have introduced an improved system to help the Society
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