for the Period Ended 31 March 2024
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
As at
Notes | 2024 | 2023 | |
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£ |
£ |
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Current assets | |||
Debtors: | 3 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 4 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
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Total Shareholders' funds: |
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The notes form part of these financial statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2024
Basis of measurement and preparation
for the Period Ended 31 March 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 March 2024
2024 | 2023 | |
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£ | £ | |
Prepayments and accrued income |
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Other debtors |
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Total |
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for the Period Ended 31 March 2024
2024 | 2023 | |
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£ | £ | |
Trade creditors |
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Accruals and deferred income |
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Total |
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Innovate Malvern organised its annual flagship event, the Malvern Festival of Innovation, this year as just the Family Day on 7th October 2023. This was the twelfth edition of the festival and was held at the Malvern Library. The event promoted science, technology, engineering, mathematics (STEM) subjects to children and their families. During this period, Innovate Malvern’s director Dr Adrian Burden completed the delivery of the second series of his entrepreneurship workshops as part of the Business and IP Centre (BIPC) initiative, also in the Malvern Library. He also gave a talk about technology entrepreneurship to a local company as part of their seminar programme, hosted an entrepreneurship panel session at the University of Wolverhampton’s SciFest event, gave a talk about technology entrepreneurship to the cohort in Worcestershire’s business accelerator BetaDen, and spoke about tech entrepreneurship at Worcester’s Defcon meeting. In October, Dr Burden also delivered a talk on the A to Z of Innovation to the Colwall Probus Club. The Malvern Hills Raspberry Pi monthly computer workshops have continued in the Malvern Library with Innovate Malvern’s help. School-aged students are attending to learn about python, Scratch and other coding skills. Dr Burden additionally delivered a microscopy science activity as part of the Institute of Physics’ Science Funday in Great Malvern. The directors of Innovate Malvern have also continued to help the Book & Cup Cafe in Malvern Library with business planning and marketing guidance. The cafe remains an important community meeting place for a broad demographic of people living in Malvern, but especially the elderly, vulnerable and those interested in business topics, etc. Innovate Malvern also provided input to Worcestershire’s Innovation Focus Group and contributed to a panel session on innovation at WCC’s Business and Innovation event.
The shareholders are currently the directors Dr E. Philpott and Dr A. Burden. The first-tier stakeholders are the local district council (Malvern Hills District Council), local and regional sponsors and supporters, and the venues we use for the events, especially Malvern Library. The second-tier stakeholders are the local members of public including students that attend the various events and benefit from participating in the activities. During this year we have continued to liaise with the first-tier stakeholders to shape the events including Malvern Festival of Innovation and business workshops so as to be relevant to their needs and goals (for example to promote Malvern as a hub of innovation and as a visitor destination, to promote STEM to school students, and to support entrepreneurship in the town). We also encouraged the second-tier stakeholders to participate in our activities through publicity and promotion in the local press, using social media and through various other school and business networks. We have also welcomed feedback and ideas for future content in our programme of events.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
31 May 2024
And signed on behalf of the board by:
Name: Dr Adrian Burden
Status: Director