2025-03-31-accounts

Manor Gardens Welfare Trust

(A Company Limited by Guarantee and Registered Charity No. 1063053)

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

Year ended 31[st ] March 2025

Making the difference for over 100 Years

Company No. 3386929

Year ended 31[st] March 2025

CONTENTS

Manor Gardens Welfare Trust

	Page
Reference and administrative details	1
Trustees’ report	2 - 9
Statement of Trustees’ responsibilities	10
Independent Auditor’s report	11 - 13
Statement of Financial Activities	14
Statement of Financial Position	15
Cashflow Statement	16
Accounting policies	17 - 18
Notes to the accounts	19 - 26

Manor Gardens Welfare Trust REFERENCE AND ADMINISTRATIVE DETAILS

Year ended 31[st] March 2025

Legal and Administrative Details as at 31[st] March 2025

Status: Manor Gardens Welfare Trust (“the Company” or “the Charity”) is a charitable company limited by guarantee. The current charity was incorporated on 13[th] June 1997, and registered with the Charity Commission.

Background: The activities of the Charity were originally carried out by an unincorporated association, Manor Gardens Community Trust (MGCT), registered under the Charities Act 1960 on 16[th] October 1985. The North Islington Infant Welfare Centre (NIIWC) ran the Manor Gardens Centre prior to MGCT being set up. In 1997 the NIIWC and MGCT merged and the new charitable company Manor Gardens Welfare Trust (MGWT) was formed. NIIWC and MGCT have been removed from the Charity Commission register.

Trustees and Directors:

Crystal Rolfe, Chair Pardeep Bhatti ACA, Treasurer Nicholas Tait (retired December 2024) Jeffrey O’Brien (retired May 2025) Iris Tuechter Jasmine Kaler Veronica Senior Giulia Crepaldi Edward Azzopardi John Cape (commenced July 2025)

Senior Management Team:

Hekate Papadaki, Chief Executive Officer William Meghoma, FFA, FIPA, FCCA, Director of Finance and Administration Laura Thomas-Hockey, Head of Partnerships and Development

Registered Office and Operational Address: Company Number: Charity Number:

6-9 Manor Gardens, London N7 6LA 3386929 1063053

Senior Statutory Auditor: Anthony Daniel Armstrong FCA of Armstrong & Co Chartered Accountants & Statutory Auditors 4A Printing House Yard London E2 7PR

Solicitors : Russell-Cooke 2 Putney Hill London SW15 6AB

Bankers:

HSBC plc 312 Seven Sisters Road Finsbury Park London N4 2AW

Barclays Bank plc 403 Holloway Road London N7 6HL

COIF Charities Deposit Fund Senator House 85 Queen Victoria Street London EC4V 4ET

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Manor Gardens Welfare Trust TRUSTEES’ REPORT

Year ended 31[st] March 2025

Objectives, Activities, and Strategic Context

The Charity is established for the following purposes, having regard to equality and diversity amongst and for the benefit of service beneficiaries:

• To relieve the needs arising from financial hardship, sickness, disability, and old age

• To advance education

• To promote mental and physical good health

• To provide assistance to children and young people who are in need of care and attention arising from their youth

• To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded, and assisting them to integrate into society

The term “service beneficiaries” refers to all those in receipt of services and support from MGWT, who are predominantly resident in London, and include individuals, families, and community groups.

Governing Document

Manor Gardens Welfare Trust was established under a Memorandum of Association, which set out the organisation’s objects and powers. It is governed under its Articles of Association. The charitable objects were reviewed by the Board of Trustees in 2011 and the revised objects approved by the Charity Commission in September 2011.

Strategic Renewal and Context

In 2024–25, Manor Gardens Welfare Trust undertook a major strategic renewal. We carried out extensive consultations with staff, service users, and voluntary and statutory sector partners to review our priorities and set a clear direction for the next five years. This work was grounded in our Theory of Change and shaped by the lived experience of the communities we serve. The resulting 2025–2030 strategy commits us to four goals:

1. Reduce Inequalities by addressing systemic and intersectional barriers, embedding trauma-informed approaches, and expanding culturally competent, multilingual services

2. Strengthen Partnerships by leading co-production with diverse communities and fostering collaborations with local authorities, health, voluntary sector organisations, and academia

3. Build Knowledge and Innovation by developing and sharing evidence-based models, advancing research, and influencing policy to improve outcomes for marginalised groups

4. Build Operational Resilience by ensuring financial sustainability, enhancing service quality, and upgrading infrastructure

Our work is rooted in Islington, one of London’s most diverse and densely populated boroughs, home to nearly 250,000 residents. Forty percent of residents were born outside the UK—more than double the national average. Despite its diversity, Islington faces significant challenges: it ranks as the sixth most deprived borough in London, with deep disparities in income, health, and life expectancy. Twenty-eight percent of children live in low-income households, and over a third of residents aged 60 and above live in poverty. Men in the worst-off areas of the borough can expect to live 12.5 years less than those in the best-off areas.

These inequalities have widened over the past five years. Islington has the highest rates of depression and serious mental illness in London, compounded by high levels of social isolation, with 40% of residents living alone. Economic deprivation has deepened due to the cost-of-living crisis, with additional pressures from global conflicts and climate change affecting food and energy security. The intersections of disadvantage are complex, with ethnicity, income, and health inequalities closely interlinked.

For more than six decades, Manor Gardens has responded to these challenges by providing culturally competent, multilingual support and maintaining neutral, accessible, and safe spaces for minoritised communities. We continue to work with people of all ages and communities, focusing on those facing barriers to support such as language, socioeconomic disadvantage, and health inequalities. We maintain community hubs in Islington and design services that extend our reach across London and beyond, using agile, community-driven approaches to respond to emerging needs and influence wider system change.

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Manor Gardens Welfare Trust TRUSTEES’ REPORT

Year ended 31[st] March 2025

Overview

Manor Gardens Welfare Trust (MGWT) has supported local communities with diverse and emerging needs since 1913. In 2024/25 we reached 2,862 people directly through our core services and many more through boroughwide initiatives addressing food insecurity, mental health, and access to services. From our base in Islington, we identify need, develop appropriate responses, and work in partnership with communities and statutory and voluntary sector agencies to close gaps in provision and address unmet need.

Our services span all age groups, with particular focus on those experiencing the most significant barriers to health, wellbeing, and opportunity. This includes refugees and newly arrived communities, people facing socioeconomic disadvantage, older residents experiencing isolation, and children and young people at risk of violence or exclusion. In response to rising living costs, we continued to offer warm spaces, distribute over 5,500 hot meals in partnership with local food hubs, and provide emergency grants to residents in crisis, through our partnership with Cloudesley.

Throughout the year, we have acted as a trusted first point of contact for many residents in crisis, offering culturally competent, trauma-informed, and multilingual support. Working collaboratively, we have strengthened food security, improved mental health access, expanded advocacy provision, and provided safe spaces for community connection. The detail of our service delivery and its impact is set out in the following sections.

Advocacy

In 2024/25, our Advocacy services supported over 1,160 residents across casework including Central Point of Access, SPOA and Access for All, the Access Hub partnership with Islington Council, and the Fed and Supported Partnership with Help on Your Doorstep, Octopus Community Network and Voluntary Action Islington. We provided practical, person-centred support to people facing multiple challenges including poverty, housing insecurity, ill health, and language barriers.

Our casework service supported 446 clients with complex needs spanning debt, housing, benefits, mental health, social isolation, and physical care requirements. Support was delivered through three main access routes but all clients received the same integrated offer. 74% of clients improving in at least one core support area, with the most significant gains in mental wellbeing and housing, followed by social connectedness and finances. Ninetyseven percent of clients said they would recommend the service they received from our Advocacy team.

“You have given me so much help and you have never made me feel guilty or pressured.” – Advocacy Service client

Through a long-term partnership with Cloudesley, we distributed 31 crisis grants worth a total of £8,965 to people experiencing hardship. These grants supported urgent needs such as essential household items, heating, and food.

At the Access Hub, a partnership with Islington Council, we supported 350 residents, most from Somali, Bangladeshi, Eritrean and Turkish communities. Nearly all were dealing with multiple, intersecting challenges including low income, isolation, trauma, and insecure housing.

“I left my home because of war. I felt ashamed asking for help, but you listened and helped without making me feel small .” - Access Hub client.

The Fed and Supported Partnership aimed to reduce food insecurity and hardship by linking residents with practical, emotional, and financial support. MGWT’s role in the partnership was providing targeted support for clients experiencing food insecurity and facing language and cultural barriers to support. We recruited and trained 15 multilingual Community Navigators speaking 12 community languages including Arabic, Somali, Turkish, Tigrinya and Farsi. Navigators provided culturally competent, trauma-informed support with housing, debt, benefits, food access, and safeguarding issues. Over the year, they directly supported 310 residents and reached hundreds more through events and translated resources.

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Manor Gardens Welfare Trust TRUSTEES’ REPORT

Year ended 31[st] March 2025

“MGWT is a safe place to think about the future; if I have any problems I come here .” – Fed and Supported partnership client.

Wellbeing and Inclusion

This year, our Wellbeing and Inclusion service supported 607 residents through a programme designed to reduce isolation, improve mental and physical health, and strengthen community connection. Most participants were older adults from racially minoritised backgrounds, and over 60% spoke English as a second language.

We delivered 260 wellbeing sessions, including walking groups, mindfulness, arts and crafts, ESOL conversation, digital support, and peer groups. These sessions provided consistent, low-barrier access to practical and emotional support, particularly for those facing multiple disadvantages such as long-term health conditions, migration stress, or digital exclusion.

We also hosted 10 major community events, reaching over 580 residents. These included interfaith gatherings, cultural celebrations, and targeted events for groups facing specific barriers, such as older LGBTQ+ people and newly arrived refugees.

“I hadn’t been out in weeks. I met my neighbours at the festival and now we’re friends .” – Wellbeing Service Client

Residents shaped the programme. Five participants took on peer support or facilitation roles, and 19 residents volunteered regularly. Our team included staff and volunteers with lived experience of the challenges our participants face, ensuring culturally competent, trauma-informed support throughout. Sessions were delivered in a range of community languages including Arabic, Somali, Turkish and Farsi.

“I joined because of the Pride event and now I come to the group every week .” – Wellbeing Activities Volunteer

We built new referral pathways with social prescribers and mental health services, and offered targeted workshops on topics like housing, hate crime and fraud prevention. Every part of the programme was designed to be welcoming to people often excluded from mainstream services.

As part of the NHS "Help Us Help You" campaign, we also delivered a targeted cancer awareness programme which engaged 119 residents across online and face-to-face settings. Sessions focused on early detection, understanding symptoms, and navigating screening service, particularly for cervical and bowel cancer.

Therapeutic Interventions

In 2024/25, our Therapies Service supported 271 individuals through one-to-one sessions, group therapy, and community-based workshops. All interventions were culturally competent, trauma-informed, and offered in multiple languages. Clients included survivors of FGM, gender-based violence, trafficking, and forced migration, many of whom had disengaged from statutory services due to language barriers or the absence of specialist provision.

The Dahlia Project remains the UK’s only psychotherapeutic service specifically for survivors of FGM. This year it supported 29 women through individual therapy and 26 women through group sessions.

“The therapy helped me to speak about things I’ve held in for over 30 years.” – Dahlia Project participant

We continued our national leadership role by co-founding ACERS-UK and enabling survivors to shape the UK’s first clinical research study into FGM reconstruction. Our Clinical Lead facilitated survivor focus groups and presented findings at Imperial College London, highlighting the urgent need for trauma-informed psychosexual care. We also submitted evidence to the Women and Equalities Committee Inquiry into FGM Reconstruction, setting out gaps in NHS provision.

In partnership with the Shpresa Programme, we delivered group therapy to 79 Albanian-speaking women who had experienced sexual violence, trafficking, and displacement. Eighty-seven percent reported reduced isolation,

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Manor Gardens Welfare Trust TRUSTEES’ REPORT

Year ended 31[st] March 2025

79 percent felt more confident accessing services, and 92 percent reported a better understanding of trauma and its effects.

“In this space, I felt like I could exist again.” – Group therapy participant

We supported 125 carers through a dedicated therapeutic group, offering a safe and structured space to share experiences, develop coping strategies, and reduce burnout. Sessions included mindfulness, peer support, and discussions to address emotional strain and isolation.

“This support group has truly changed my life. I now have a sense of community and support that I was missing.” – Carers group participant

Fabian’s Place is a culturally responsive mental health and mentoring programme for young Black boys and men in Islington, set up in memory of our colleague, Fabian Buxton, who passed away in October 2023. In 2024/25, 42 young people engaged through one-to-one wellbeing sessions, mentoring, group activities, and co-production workshops. Eighty-five percent identified as Black African, Caribbean or Black British, and all were male.

“It’s real support, not just a form to fill.” – Fabian’s Place participant

A highlight was employing a former participant as a paid peer mentor, embedding lived experience in the service and strengthening its long-term impact.

Support Through Food

In 2024/25, we strengthened our commitment to food justice by expanding direct delivery, deepening partnerships, and launching new initiatives to improve food security across Islington.

We continued to lead the Islington Food Partnership (IFP), which grew to 243 members across more than 95 organisations, with over 130 stakeholders actively involved. We hosted 15 meetings and events, sharing resources and driving collaboration on surplus food distribution, culturally appropriate sourcing, and climate-resilient food systems. Key resources were translated into 16 community languages, and we launched a collective buying pilot to help local food projects access affordable staples.

Our new Zero Waste Café, launched in February 2025, quickly became a community hub. Using surplus food on a “pay what you can” basis, it welcomed more than 350 unique visitors in its first months and diverted over a tonne of food from landfill. The café offered affordable meals, volunteering opportunities, and food waste education, fostering social connection and environmental awareness.

“The café is the only place I feel I can come and eat without judgement.” – Café visitor

The Food Co-op, now in its third year, supported an estimated 126 clients through 52 weekly sessions. Run in partnership with Felix Project and a team of 10 volunteers, it provided healthy, culturally appropriate groceries at low cost. Through participatory budgeting, we improved the variety and nutritional value of food available. Members collectively saved an estimated £8,619 in six months, with individual savings of up to £442. The Co-op also rescued around 7,500kg of food from landfill and reduced packaging waste through bulk dry goods in compostable bags. Clients without cooking facilities benefitted from ready meals made possible by new freezer storage.

“Knowing I can provide for my children has lifted a huge weight off my shoulders.” – Food Co-op member

At Christmas, we worked with Islington Council, the Metropolitan Police, and community donors including Love Not Hate and Pete Doherty to host a festive community meal for over 100 residents, providing hot food, celebration, and companionship during a time often marked by isolation.

Together, these initiatives reached hundreds of residents with dignified, culturally responsive, and environmentally sustainable food support, delivering practical, community-rooted solutions to poverty and isolation.

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Manor Gardens Welfare Trust TRUSTEES’ REPORT

Year ended 31[st] March 2025

Youth

In 2024/25, our Youth Service supported 129 young people through one-to-one support, group sessions, educational workshops, and trips. We worked intensively with young people facing exclusion, mental health challenges, and experiences of violence, helping them to remain engaged in education, develop healthy relationships, and make positive life choices.

The cohort included 71 girls, 57 boys, and 1 non-binary young person. The largest ethnic groups were Black Caribbean (37) and Black African (23), reflecting wider disproportionality in school exclusion and access to mental health support. Our work was rooted in strong partnerships with Early Help, Social Services, Targeted Youth Support (TYS), the Mayor’s Office, and Arsenal in the Community.

Over the year, we delivered 62 sessions covering topics such as consent, relationships, and gender-based violence. We continued our partnership with TYS to support boys vulnerable to exploitation and delivered creative programmes for girls, including Let Me Know and Just As You Are , focusing on identity, self-worth, and healthy relationships.

Our Youth Board met fortnightly during term time to shape service priorities and strengthen feedback from young people.

“No one’s explained things to us like this before. You should come to my school.” – Young participant

Key outcomes included:

• Sustained school attendance for those at risk of exclusion

• Increased confidence and communication skills

• Greater awareness of rights, consent, and emotional regulation

Staff

In 2024–25, our 28 staff members worked across all services, delivering advocacy, wellbeing and inclusion, therapies, youth programmes, and food support. They were the backbone of our organisation, ensuring that services were delivered to a consistently high standard and adapted to meet changing needs. Our team was highly diverse, with 86% coming from minoritised communities, and brought a wealth of lived experience directly relevant to the issues we address, including the asylum process, migration, violence against women and girls, and socioeconomic disadvantage. Collectively, our staff spoke 15 languages, ensuring our services were accessible to a wide range of communities. This cultural and linguistic diversity, combined with deep professional expertise, enabled us to provide responsive, trauma-informed, and culturally competent services throughout the year.

This year, we mourned the loss of youth worker Khalil Taipow, whose warmth, humour, and commitment had a lasting impact on the young people he worked with.

“He could talk to anyone, make them feel heard, and help them believe they were worth something.” – Team member

Khalil was a trusted mentor and role model, supporting young people with schoolwork, sports, and personal goals. His influence continues to shape our work, and we remain committed to honouring his legacy through respectful, care-driven youth engagement.

Volunteers

Our 51 volunteers supported food services, wellbeing programmes, youth work, and central administrative functions. Many had lived experience of the issues we address, and many were former recipients of our services. All contributed significant skills, knowledge, and time, enabling us to deliver the breadth of services we provided over the year. Their contributions ranged from running activities and supporting events to providing essential behind-the-scenes support. Volunteers brought insight, compassion, and commitment, making a direct and lasting difference to the communities we serve.

Organisational Structure

The Chief Executive Officer (CEO) reports directly to the Board of Trustees. The Senior Management Team comprises of the CEO, the Director of Finance and Administration, and the Head of Partnerships and Development.

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Manor Gardens Welfare Trust TRUSTEES’ REPORT

Year ended 31[st] March 2025

Governance and Management:

Manor Gardens Welfare Trust governs through its Memorandum and Articles of Association. The Articles of Association were updated in 2011 and approved by the Charity Commission in August 2011.

The Charity’s governing body is the Board of Trustees, whose members are trustees under charity law and directors of the Company for the purposes of Company Law. New trustees/directors are elected at a General Meeting of the Board for a period of three years. They can serve for two terms i.e. six years, with provision for a further term if elected Chairperson. During 2024/25, Nicholas Tait reached the end of his tenure and retired as a trustee, reducing our board to eight members.

As directors of the Company, the Trustees each guarantee to contribute an amount not exceeding £1 to the assets of the Company in the event of a winding up. Trustees have no beneficial interest in the Company. There are no known conflicts of interest and these are requested and recorded through an annual declaration, and updates requested at each Board meeting. Any declared conflicts of interest would be recorded; these would then be monitored and managed as necessary.

The Board is confident that the Charity conforms to and is compliant with the Charity Commission’s guidance, ‘The essential trustee: what you need to know, what you need to do’ (July 2015), and works under the Charity Governance Code (2018) supported through our membership of National Council for Voluntary Organisations and ACEVO.

Trustee Recruitment and Training

Trustees are recruited by various means, and in consideration of the latest Board appraisal, reflecting the skills of the Board and the requirements of the Organisation, and uses open and transparent recruitment practices. Advertising positions via our website extends to the recruitment of trustees, as well as utilising the initiatives and support of partners. This has included the BoardMatch66 process, initiated by the Big Alliance to broker links between corporate partners and staff of these companies with an interest in local charities and trustee positions. During the year, we also advertised our trustee vacancies on Charity Job, LinkedIn and NCVO.

All prospective trustees meet with the Chair and the CEO to discuss their application, and if all is satisfactory following meeting and recruitment checks, their appointment is put to the Board. Any appointment is ratified at the subsequent Annual General Meeting. All appropriate checks are completed to assure that prospective and current trustees are not barred from taking up positions, including guidance on automatic disqualification rules issued in 2018. Declaration is signed confirming their suitability to serve.

Each new Trustee is inducted into their role and the Organisation, through provision of information and time with our staff and services, and one-to-one session with the CEO, Chair and fellow trustees, and SMT members. The Charity Commission’s guidance, ‘The essential trustee’ is the basis of our briefing into the role and is provided to all. A comprehensive induction pack which contains information about the history of the Manor Gardens Welfare Trust, details of Tenant Groups based at our premises, copies of the Memorandum and Articles of Association, a copy of all Centre policies on disc, a copy of the most recent Annual Accounts and Annual Review is provided.

The Board regularly conducts review of trustees’ skills and an appraisal of Board effectiveness, led by the Chair. Where this review identifies skills shortages, this is addressed by training and/or the recruitment of new trustees. On an annual basis the Chair reviews the performance of the trustees against the list of their main responsibilities.

Board Processes and Decision making

In 2024/25, the full Board met five times during the year to set strategic direction and to review the performance, compliance, and finances of the Charity. Additionally, board subgroups met 4 times to support work around our finance and facilities, fundraising and services and HR. These meetings were agreed to be held remotely and online, and this continued throughout the year.

The CEO, the Director of Finance and Administration and the Director of Fundraising and Development were in attendance at all meetings, as well as the Senior Management Team (SMT).

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Manor Gardens Welfare Trust TRUSTEES’ REPORT

Year ended 31[st] March 2025

Risk Management

Potential areas of risk to the Charity are identified, recorded and reviewed by the Board at every Meeting, assisted by the Senior Management Team.

The Risk Register incorporates financial, operational risk and external risk, assessing likelihood of occurring, impact, and mitigation to reduce likelihood and the impact. Whilst recognising that no organisation can ever be risk free, the Board of Trustees consider that the range of measures and controls in place have reduced to an acceptable level the various risks faced by Manor Gardens Welfare Trust.

FINANCIAL REVIEW AND RESULTS FOR THE YEAR ENDED 31ST MARCH 2025

The Statement of Financial Activities (SoFA) including an Income and Expenditure account set out on page 14, shows total income of £1,319,316 (2024: £1,288,437) and total expenditure £1,330,784 (2024: £1,435,405). This resulted in net deficit of £11,468 (2024: deficit £146,968). The large deficit in previous year was due to loss of revenue at our two early year settings. This was because of low number of children at our nurseries after the pandemic.

RESERVES POLICY

The Board has a long-term policy of increasing both the Revenue and Building Refurbishment Reserves (see note 11 to the accounts) to ensure that fluctuations in future income do not threaten the financial stability of the organisation. The uncertainties include grants from statutory bodies and rental income.

Revenue Reserve: The Revenue Reserve is needed to provide funds which can be made available for specific projects, and to assist with unforeseen economic events.

The Trustees believe that the level of this reserve should be gradually increased to the equivalent of three months’ total expenditure calculated and reviewed annually. The reserve is being built up to the desired level in stages consistent with the Charity’s overall financial position and its need to maintain its activities. The current level of this reserve is £161,378 compared with three months’ total expenditure of £332,696 based on the audited accounts.

Building Refurbishment Reserve : The Board’s policy is to build up the Building Refurbishment Reserve, to £260,000, which equals 4% of the estimated value of the freehold premises (£6.5million). The purpose of this reserve is for the refurbishment of, and cyclical maintenance work on the Charity’s premises. The Trustees expect to achieve this level of funding by a combination of specific donations, grants and transfers from general reserves. At the year end this reserve stands at £246,924.

General funds (see note 11 to the accounts) are donations and other incoming resources receivable or generated in furtherance of the Charity’s objectives without further specified purpose and are available as general funds. The current level of Undesignated funds is £179,642.

Restricted Capital funds (see note 12 to the accounts) comprise a building asset fund, a fixed asset fund and other grants fund. The building asset fund represents the original cost of, and initial improvements made to the Charity’s original freehold premises; whereas the fixed asset fund represents the cost of assets funded by grants. The current level of the combined Capital funds is £544,028.

The policies for and levels of these reserves will continue to be monitored by Trustees on an annual basis. Further analysis of the reserves of the Charity can be found in notes 11 and 12 to the financial statements.

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Manor Gardens Welfare Trust TRUSTEES’ REPORT

Year ended 31[st] March 2025

INDEPENDENT AUDITORS

The statutory auditor, Anthony Daniel Armstrong FCA of Armstrong & Co, has indicated his willingness to be proposed for re-appointment in accordance with Section 485 of the Companies Act 2006.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

The trustees who were in office on the date of approval of these financial statements have confirmed, as far as they are aware, that there is no relevant audit information of which the charitable company’s auditor is unaware, and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.

This report has been prepared in accordance with the Charities SORP FRS 102 (effective 1 January 2015) and with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The trustees have determined that the charitable company be audited under the Companies Act 2006 for the year ended 31[st] March 2025 and for future years. The charitable company also is required to be audited under charities legislation for the year ended 31[st] March 2025.

The trustees acknowledge and confirm their responsibilities for preparing the financial statements as detailed in the Statement of Trustees’ Responsibilities set out on page 10.

Approved and authorised for issue by the Trustees on 10[th ] October 2025 and signed on their behalf by:

Crystal Rolfe, Trustee

Pardeep Bhatti ACA, Trustee

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Manor Gardens Welfare Trust STATEMENT OF TRUSTEES’ RESPONSIBILITIES For the year ended 31[st] March 2025

The trustees (who are the directors of the charity for the purpose of company law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• follow applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the accounts; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF MANOR GARDENS WELFARE TRUST For the year ended 31[st] March 2025

Manor Gardens Welfare Trust

We have audited the financial statements of Manor Gardens Welfare Trust for the year ended 31[st ] March 2025 which comprise the Statement of Financial Activities, Statement of Financial Position, the Cashflow Statement and the Notes to the Accounts to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

Opinion on financial statements

In our opinion the financial statements:

• give a true and fair view of the state of the charitable company’s affairs as at 31[st] March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been properly prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF MANOR GARDENS WELFARE TRUST For the year ended 31[st] March 2025

Manor Gardens Welfare Trust

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• the information given in the trustees' report, which includes the directors' report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• the directors' report included within the trustees' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

• adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or

• the financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of trustees' remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit; or

• the trustees were not entitled to prepare the financial statements in accordance with the small companies’ regime and take advantage of the small companies' exemptions in preparing the trustees report and from the requirement to prepare a strategic report.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities set out on page 10 the charity's trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

• We identified the legal and regulatory frameworks that are applicable to the entity and determined that the most significant are those that relate to the specific business environment in which they operate, the reporting requirements they are obliged to adhere to and other legal and regulatory requirements applicable to operating entities in general.

12

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF MANOR GARDENS WELFARE TRUST For the year ended 31[st] March 2025

Manor Gardens Welfare Trust

These include the Companies Act 2006, the Charities Act 2011, FRS 102, the Charities SORP and GDPR legislation. The charitable company operates locally and is not significantly impacted by international law or regulations.

Taxation law and regulations applicable to charities also apply to the charitable company but it is not involved in any complex matters that increase the risk of non-compliance.

Each area of audit review includes in the audit documentation reference to potential non-compliance and awareness of potential non-compliance is embedded in our audit procedures.

• We assessed the risks of material misstatement in respect of fraud by enquiry of management, review of the charity's operations and direct review of significant and material transactions, including all non-standard or irregular journal adjustments. Our understanding of the organisation enables us to understand and identify transactions or areas that appear to present a risk of fraud. None were detected.

Our pre-audit questionnaire specifically makes enquires about fraud and this is supported by audit documentation. We also review Board minutes to identify any matters of concern or risk. None were identified.

• The audit was conducted by a very experienced auditor who has a good knowledge of the client and no other assistance or support was required.

• The charity is small, its activities are regular and consistent and are not complex and no special audit considerations apply, nor is external specialist assistance required.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities . This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members and trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Anthony Daniel Armstrong FCA(Senior Statutory Auditor) for and on behalf of Armstrong & Co Chartered Accountants & Statutory Auditors

4a Printing House Yard Hackney Road London E2 7PR 10[th ] October 2025

13

Manor Gardens Welfare Trust STATEMENT OF FINANCIAL ACTIVITIES Including an Income and Expenditure Account For the year ended 31[st] March 2025

		UNRESTRICTED	UNRESTRICTED	RESTRICTED
		General	Designated		2025	2024
	Note	Funds	Funds		Total	Total
		£	£	£	£	£
INCOME FROM:
Donations and legacies		4,866	-	-	4,866	4,159
Charitable activities
Grants and service agreements	6/7	-	-	796,299	796,299	814,505
Rent and service charges		452,296	-	-	452,296	395,014
Room hire		33,666	-	-	33,666	29,985
Income from services supplied		10,683	-	-	10,683	3,939
Fundraising		-	-	-	-	4,992
Other		1,574	-	-	1,574	17,377
Investment income		19,932	-	-	19,932	18,466
		----------------	----------------	----------------	----------------	------------------
TOTAL INCOME		523,017	-	796,299	1,319,316	1,288,437
		----------------	----------------	----------------	----------------	------------------
EXPENDITURE ON:
Raising funds		12,000	-	-	12,000	-
Charitable activities
Service agreements	1	-	-	887,370	887,370	1,056,540
Health and welfare services	1	417,494	-	-	417,494	378,865
Other
Building work		-	-	13,920	13,920	-
		----------------	----------------	----------------	----------------	------------------
TOTAL EXPENDITURE		429,494	-	901,290	1,330,784	1,435,405
		----------------	----------------	----------------	----------------	------------------
NET INCOME / (EXPENDITURE)		93,523	-	(104,991)	(11,468)	(146,968)
TRANSFERS BETWEEN FUNDS 11/12		(93,523)	(7,235)	100,758	-	-
		----------------	----------------	----------------	----------------	------------------
NET MOVEMENT IN FUNDS		-	(7,235)	(4,233)	(11,468)	(146,968)
RECONCILIATION OF FUNDS:
TOTAL FUNDS AT 1 APRIL 2024		179,642	415,537	1,098,470	1,693,649	1,840,617
		----------------	----------------	----------------	----------------	------------------
TOTAL FUNDS AT 31 MARCH 2025	11/12	179,642	408,302	1,094,237	1,682,181	1,693,649
		========	========	========	========	=========

See Note 16 for a detailed analysis of 2024 prior year amounts. All activities are classed as continuing.

There were no other recognised gains or losses other than those stated above. The notes on pages 19 to 26 form an integral part of these audited financial statements.

14

Manor Gardens Welfare Trust STATEMENT OF FINANCIAL POSITION For the year ended 31[st] March 2025

	Note	2025	2024
		£	£
FIXED ASSETS
Tangible fixed assets	8	956,469	963,460
		----------------	----------------
CURRENT ASSETS
Debtors	9	61,987	122,614
Short term deposits		227,638	227,638
Cash at bank		605,018	585,295
Cash in hand		3,429	2,459
Pre Capital Exp		2,814	2,814
		----------------	----------------
		900,886	940,820
CREDITORS: amounts falling due within one year	10	(175,174)	(210,631)
		----------------	----------------
NET CURRENT ASSETS		725,712	730,189
		----------------	----------------
TOTAL ASSETS LESS CURRENT LIABILITIES		1,682,181	1,693,649
		-----------------	-----------------
NET ASSETS		1,682,181	1,693,649
		========	========
THE FUNDS OF THE CHARITY
Unrestricted Funds	11	587,944	595,179
Restricted Funds	12	1,094,237	1,098,470
		-----------------	-----------------
TOTAL CHARITY FUNDS		1,682,181	1,693,649
		========	========

These financial statements were approved and authorised for issue by the Trustees on 10[th ] October 2025 and signed on their behalf by:

Crystal Rolfe, Trustee

Pardeep Bhatti ACA, Trustee

15

Manor Gardens Welfare Trust CASHFLOW STATEMENT For the year ended 31[st] March 2025

CASHFLOW STATEMENT	CASHFLOW STATEMENT	Notes	Total	Prior Year
			Funds	Funds
			2025	2024
			£	£
Cash generated from operating activities:
	Net cash provided by/(used in) operating activities	A	20,693	(76,630)
Cash flows from other sources:
	Proceeds from sale of fixed assets		-	-
Application of cash:
	Purchase of fixed assets		-	-
	Pre capital exp		-	(2,814)
			----------------	----------------
Net increase/(decrease) in cash		B	20,693	(79,444)
Cash at	bank at the beginning of the year	B	815,392	894,836
			----------------	----------------
Cash at	bank at the end of the year	B	836,085	815,392
			========	========
A	RECONCILIATION OF NET INCOME/EXPENDITURE TO
	NET CASH FLOW FROM OPERATING ACTIVITIES		2025	2024
			£	£
	Net income/(expenditure) from SOFA (page 14)		(11,468)	(146,968)
	Adjusted for:
	Depreciation		6,991	7,330
	(Increase)/decrease in debtors		60,627	62,460
	Increase/(decrease) in creditors		(35,457)	548
	(Profit)/loss on disposal of fixed assets		-	-
			----------------	----------------
	Net cash inflow/(outflow) from operations		20,693	(76,630)
			=======	=======
B	ANALYSIS OF CASH AT BANK AND IN HAND
		Change
		in year	2025	2024
		£	£	£
	Cash at bank and in hand	20,693	608,447	587,754
	Short term deposits	-	227,638	227,638
		----------------	----------------	----------------
		20,693	836,085	815,392
		========	=======	=======

16

Manor Gardens Welfare Trust ACCOUNTING POLICIES For the year ended 31[st] March 2025

BASIS OF ACCOUNTING

The financial statements have been prepared under the historical cost convention and in accordance with:

• a) Applicable UK accounting standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)';

• b) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective January 2019) - (Charities SORP FRS 102);

• c) The Companies Act 2006; and

• d) The Charities Act 2011.

PUBLIC BENEFIT ENTITY

The Charity meets the definition of a public benefit entity under FRS 102.

GOING CONCERN

The charity’s income is derived from both non-self-generated sources, such as grants, service level agreements and other governmental or NGO sources and self-generated sources, such as rental income and hire income etc. The trustees consider that there are no material uncertainties about the likelihood that this support will continue, and accordingly, the accounts have been prepared on a going concern basis.

INCOMING RESOURCES

Incoming resources are the amounts derived from the provision of charitable services, the receipt of gifts, rents and grants falling within the charity’s ordinary activities.

INCOME RECOGNITION

All incoming resources are recognised once the Charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability. Income with conditions attached to its receipt is recognised when the conditions have been fulfilled.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

RESOURCES EXPENDED

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the Charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

Costs of raising funds are those costs incurred in attracting voluntary income.

Charitable activities include expenditure associated with the provision of accessible health and welfare services and include both the direct costs and support costs relating to these activities.

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

GOVERNANCE COSTS

Governance costs comprise all costs involving the public accountability of the Charity and its compliance with regulation and good practice. These costs include the audit fee.

Governance costs include those incurred in the governance of the Charity and its assets and are primarily associated with constitutional and statutory requirements and are included in support costs.

17

Manor Gardens Welfare Trust ACCOUNTING POLICIES For the year ended 31[st] March 2025

FIXED ASSETS AND DEPRECIATION

All fixed assets are initially recorded at cost. Freehold land is not depreciated. The Trustees are of the opinion that the freehold buildings have such a long useful economic life and such a high residual value that any depreciation charges arising are immaterial. Depreciation is being charged on other fixed assets retained by the Trust at rates estimated to write off their cost, less any residual value, over their expected useful lives. The expected useful lives are as follows:

Included within furniture and equipment:
Furniture and equipment	10 years
Safety equipment	10 years
Computer equipment	3 years
Cafe equipment	5 years

STOCK

Stock is valued at the lower of cost and net realisable value.

LEASING CONTRACTS

The management and service charges are credited to the Statement of Financial Activities as they fall due over the period of the lease.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight-line basis over the period of the lease.

UNRESTRICTED FUNDS

Unrestricted funds are donations and other incoming resources receivable or generated in furtherance of the Charity’s objectives without further specified purpose and are available as general funds.

DESIGNATED FUNDS

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.

RESTRICTED FUNDS

Restricted funds are to be used for specific purposes as laid down by commissioning authorities and donor’s expenditure which meets these criteria is charged to the fund.

TAXATION

The Company is a registered charity and does not trade and as such its income and gains are exempt from corporation tax to the extent that they are applied to its charitable objectives.

PENSIONS

The Charity operates defined contribution schemes which are administered by outside independent pensions providers. Contributions payable for the year are charged to the Statement of Financial Activities.

18

Manor Gardens Welfare Trust NOTES TO THE ACCOUNTS For the year ended 31[st] March 2025

1. COST OF CHARITABLE ACTIVITIES

		Activities	undertaken directly
		Staff	Other	Support
		Costs	Direct	Costs	2025	2024
			Costs		Total	Total
		£	£	£	£	£
	RESTRICTED
	Service agreements
	MG Nursery	-	-	-	-	80,196
	Hornsey Road Children’s Centre	-	-	-	-	11,641
	Starting Well / Early Parenthood Prog.	-	-	-	-	189,301
	FGM Services	73,248	17,672	13,776	104,696	155,246
	Therapeutic Service	53,546	10,529	9,708	73,783	14,346
	Syrian Fund Service	-	-	-	-	27,285
	Food Cooperative Service	50,138	22,139	10,951	83,228	88,740
	Food Surplus Café	3,088	2,627	866	6,581	-
	Living Well / Stroke Service	185,719	47,437	35,326	268,482	176,075
	Social Prescribing	-	-	-	-	44,960
	Wellbeing Service	128,837	74,894	30,868	234,599	180,500
	Time Limited Projects	-	-	-	-	7,801
	Andover Youth Service	83,871	16,867	15,263	116,001	80,449
		-----------------	-----------------	-----------------	-----------------	------------------
	Total Service agreements	578,447	192,165	116,758	887,370	1,056,540
	UNRESTRICTED
	Health and welfare services	362,561	-	54,933	417,494	378,865
	TOTAL COST OF	-----------------	-----------------	-----------------	-----------------	------------------
	CHARITABLE ACTIVITIES	941,008	192,165	171,691	1,304,864	1,435,405
		========	========	========	========	=========
2.	SUPPORT COSTS
					2025	2024
					£	£
	General expenses				10,998	12,103
	Insurance				15,614	15,258
	Telephone/Broadband				39,222	38,219
	Postage				253	959
	Copying				3,970	1,874
	Bank charges				2,064	1,841
	Stationery and office supplies				1,472	1,031
	Training and development				1,180	318
	Depreciation				6,991	7,330
	Computing				17,922	15,024
	Bad debts and provisions				3,483	4,000
	Repairs and maintenance				39,965	41,766
	Cleaning				47,730	47,373
	Light and heat				56,534	74,947
	Water rates				2,569	2,372
	Non Domestic Rates				-	859
	Management charges				6,426	6,135
	Winter and Summer Wellbeing Festivals recruitments				-	1,319
	Website / Communications /Charity Log				697	2,194
	Governance (see Note 3)				6,243	6,502
	HR Resources				15,779	6,905

19

Manor Gardens Welfare Trust NOTES TO THE ACCOUNTS For the year ended 31[st] March 2025

		2025	2024
		£	£
	Staff Support	-	6,999
		----------------	----------------
	Gross Costs	279,112	296,328
	Less: income from Projects excluded from SOFA (page 14)	(107,421)	(119,837)
		----------------	----------------
	Net Support Costs (see note 1)	171,691	176,491
		========	========
3.	GOVERNANCE COSTS
		2025	2024
		£	£
	Accountancy and audit fees	4,800	4,800
	Insurance	811	954
	General expenses	632	748
		----------------	----------------
		6,243	6,502
		========	========
4.	NET INCOMING RESOURCES FOR THE YEAR
		2025	2024
		£	£
	This is stated after charging:
	Depreciation	6,991	7,330
	Auditor’s remuneration	4,800	4,800
		========	========
5.	EMPLOYEES
	The average number of people employed during the year was as follows:
		2025	2024
		No	No
	Senior Management Team	3	3
	Projects and services	35	40
		----------------	----------------
		38	43
		========	========
	Employment costs were:	2025	2024
		£	£
	Wages and salaries	837,850	861,859
	Social security costs	75,305	75,213
	Pension costs	30,296	32,082
		----------------	----------------
		943,451	969,154
		========	========

During the year two employee earned £60,000 or more and no Trustee received any remuneration or reimbursed expenses.

Pension costs relate to a defined contribution scheme. Contributions are charged in the years to which they relate.

20

Manor Gardens Welfare Trust NOTES TO THE ACCOUNTS For the year ended 31[st] March 2025

6. INCOMING RESOURCES

Details of larger restricted grants and other funding received during the year include:

	2025	2024
	£	£
Manor Gardens Nursery
London Borough of Islington	4,112	54,263
FGM Services
London Borough of Newham// Hestia Housing & Support	32,650	68,000
London North West University Healthcare NHS Trust	6,011	12,021
Guilty Feminist	-	1,500
Choose Love	24,200	24,580
Jane Hodge Foundation	5,000	-
Westfield Health	3,600	-
Barnardos	2,000	-
Starting Well Services
Cloudesley	-	5,000
London Borough of Islington/Family Hubs Start for Life	-	24,999
Therapeutic Service
Shpresa	-	3,500
Syrian Resettlement Programme
London Borough of Islington	-	-
Food Cooperative
Soil Association	2,000	8,000
Greater London Authority	28,613	44,806
Cripplegate Foundation	1,000	20,000
Food Surplus Café
London Borough of Islington	38,628	-
Living Well Services
NHS Islington CCG	69,153	69,153
London Borough of Islington	103,865	3,742
Cripplegate Foundation	34,945	-
Social Prescribing
Primary Care Network North Islington GP Federation	-	21,791
Help on Your Door Step	-	23,621
Single Point of Access
London Borough of Islington	24,385	58,524
Wellbeing Communities Service
London Borough of Islington – Community Mental Health & Wellbeing	41,167	98,800
Cloudesley	42,879	43,459
Cripplegate Foundation	13,450	-
Camden and Islington Foundation	-	39,545
London Borough of Islington – Cost of Living	57,257	-
UCL Hospitals NHS	12,000	-
Community Trust Lottery	19,929	72,623
London Borough of Islington – Warm Space Fund	-	2,650

21

Manor Gardens Welfare Trust NOTES TO THE ACCOUNTS For the year ended 31[st] March 2025

	2025	2024
	£	£
Fabians Place
Fabians Place	29,560	5,000
Youth Services – Andover
Islington Council	60,000	60,000
Home Office Violence Reduction Unit	75,968	48,707
Others
London Borough of Islington – Infrastructure improvement	45,000	-
Total of all other grants / fees / income	18,927	221
	-----------------	----------------
	796,299	814,505
	========	========

7. PROJECTS: RESTRICTED REVENUE FUNDS

The table below shows the reserves of Projects for specific purposes, as included in Restricted Funds (see note 12):

	2025	2024
	£	£
MG Nursery/HRCC	27,057	22,945
FGM services	750	6,514
Syrian Fund Service	-	3,068
Food Cooperative Service	9,946	48,942
Food Surplus café	32,913	-
Living Well	90,106	9,595
Wellbeing Service	70,458	103,335
Fabians Place	29,560	5,000
Single Point of Access	-	115,211
Time Limited Projects	-	1,222
Youth Service – Andover	102,947	67,217
	-----------------	----------------
	363,737	383,049
	========	========

22

Manor Gardens Welfare Trust NOTES TO THE ACCOUNTS For the year ended 31[st] March 2025

8. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
	Freehold	Furniture &	Café
	Premises	Equipment	Equipment	Total
	£	£	£	£
COST
1stApril 2024	938,527	300,392	-	1,238,919
Disposals	-	-	-	-
Additions	-	-	-	-
Transfers	-	-	-	-
	-----------------	-----------------	-----------------	-----------------
31stMarch 2025	938,527	300,392	-	1,238,919
	========	========	========	========
DEPRECIATION
1stApril 2024	-	275,459	-	275,459
On Disposal	-	-	-	-
Charge for the period	-	6,991	-	6,991
	-----------------	-----------------	----------------	-----------------
31stMarch 2025	-	282,450	-	282,450
	========	========	========	========
NET BOOK AMOUNT
31stMarch 2025	938,527	17,942	-	956,469
	========	========	========	========
31stMarch 2024	938,527	24,933	-	963,460
	========	========	========	========

Freehold premises are shown at their original cost including the cost of additions and improvements. The Trustees have estimated the insurance value at £10,000,000.

9. DEBTORS

9.	DEBTORS
		2025	2024
		£	£
	Service charges	60,612	104,840
	Prepayments and accrued income	1,375	17,774
		-----------------	-----------------
		61,987	122,614
		========	========
10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£
	Operating creditors	19,487	58,382
	Other taxes and social security	21,649	23,896
	Other creditors and accruals	134,038	128,353
		-----------------	-----------------
		175,174	210,631
		========	========

Included in “Other creditors and accruals” are amounts outstanding to pension schemes at the balance sheet date of £4,434 (2024: £5,891).

23

Manor Gardens Welfare Trust NOTES TO THE ACCOUNTS For the year ended 31[st] March 2025

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |11.|UNRESTRICTED FUNDS|Balance|Movement in Funds|Balance| |1/4/24|Income|Transfers|Expenditure|31/3/25| |£|£|£|£|£| |Designated (see note below)| |Building Refurbishment Reserve|246,924|-|-|-|246,924| |Revenue Reserve|168,613|-|(7,235)|-|161,378| |----------------|----------------|----------------|----------------|----------------| |415,537|-|(7,235)|-|408,302| |----------------|----------------|----------------|----------------|----------------| |Undesignated/General funds|179,642|523,017|(93,523)|(429,494)|179,642| |========|========|========|========|========| |TOTAL UNRESTRICTED FUNDS|595,179|523,017|(100,758)|(429,494)|587,944| |========|========|========|========|========|

----- End of picture text -----

Designated funds have been set aside out of unrestricted funds by the Trustees to cover material fluctuations in rent and room hire income, essential and non-recurring administration costs, and nonrecurring costs resulting from withdrawal of some or all of external funding for projects. Transfers represent unrestricted funds that have subsidised projects undertaken during the year that were associated with restricted funds.

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |12.|RESTRICTED FUNDS|Balance|Movement in Funds|Balance| |1/4/24|Income|Transfers|Expenditure|31/3/25| |£|£|£|£|£| |Capital funds:| |Building asset fund|305,612|-|-|-|305,612| |Fixed asset fund|19,504|-|-|-|19,504| |Other grants|218,912|-|-|-|218,912| |-----------------|-----------------|----------------- -----------------|-----------------| |544,028|-|-|-|544,028| |Revenue funds:| |Projects activities (note 7)|383,049|751,299|116,759|(887,370)|363,737| |Other revenue funds|171,393|45,000|(16,001)|(13,920)|186,472| |-----------------|-----------------|----------------- -----------------|-----------------| |1,098,470|796,299|100,758|(901,290)|1,094,237| |========|========|========|========|========|

----- End of picture text -----

Building asset fund: Original cost and initial improvements made to the Charity’s original freehold premises.

Fixed asset fund: Cost of assets funded by grants.

Other grants: Capital grants received for specific purposes.

Projects activities: Restricted revenue funds that have been received in the year as set out in note 6. Other revenue funds: Restricted funds not directly related to projects.

13. NET ASSETS ATTRIBUTABLE TO FUNDS

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Unrestricted|Restricted|Total|Total| |31/03/25|31/03/24| |£|£|£|£| |Fixed assets|412,441|544,028|956,469|963,460| |Current assets|350,677|550,209|900,886|940,820| |Current liabilities|(175,174)|-|(175,174)|(210,631|)| |-----------------|----------------- -----------------|------------------| |587,944|1,094,237|1,682,181|1,693,649| |========|========|========|========|

----- End of picture text -----

24

Manor Gardens Welfare Trust NOTES TO THE ACCOUNTS For the year ended 31[st] March 2025

14. RELATED PARTY TRANSACTIONS

• There were no related party transactions during the year or previous year.

• There is no ultimate controlling party.

15. CONTINGENT LIABILITIES

The charity had no material contingent liabilities at 31[st] March 2025 nor at 31[st] March 2024.

25

Manor Gardens Welfare Trust NOTES TO THE ACCOUNTS For the year ended 31[st] March 2025

16. STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[ST ] MARCH 2024

		UNRESTRICTED	UNRESTRICTED	RESTRICTED
		General	Designated		2024
	Note	Funds	Funds		Total
		£	£	£	£
INCOME FROM:
Donations and legacies		4,159	-		4,159
Charitable activities
Grants and service agreements	6/7	-	-	814,505	814,505
Rent and service charges		395,014	-	-	395,014
Room hire		29,985	-	-	29,985
Income from services supplied		3,939	-	-	3,939
Fundraising		4,992	-	-	4,992
Other		17,377	-	-	17,377
Investment income		18,466	-	-	18,466
		----------------	----------------	----------------	----------------
Total income		473,932	-	814,505	1,288,437
		----------------	----------------	----------------	----------------
EXPENDITURE ON:
Raising funds		-	-	-	-
Charitable activities
Service agreements	1	-	-	1,056,540	1,056,540
Health and welfare services	1	378,865	-	-	378,865
		----------------	----------------	----------------	----------------
TOTAL EXPENDITURE		378,865	-	1,056,540	1,435,405
		----------------	----------------	----------------	----------------
NET INCOME / (EXPENDITURE)		95,067	-	(242,035)	(146,968)
Transfers between funds	11/12	(95,067)	(59,678)	154,745	-
		----------------	----------------	----------------	----------------
NET MOVEMENT IN FUNDS		-	(59,678)	(87,290)	(146,968)
RECONCILIATION OF FUNDS:
TOTAL FUNDS AT 1 APRIL 2023		179,642	475,215	1,185,760	1,840,617
		----------------	----------------	----------------	----------------
TOTAL FUNDS AT 31 MARCH 2024	11/12	179,642	415,537	1,098,470	1,693,649
		========	========	========	========

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