MANOR HOUSE DEVELOPMENT TRUST DIRECTORS, AND TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021 0511012021 COMPANIES HOUSE
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Charity No. 1127604 Company No: 06203804
MANOR HOUSE DEVELOPMENT TRUST REPORT AND ACCOUNTS CONTENTS Page Report of the Direclors and Trustee5 2-10 Report of the Independent Examiner 11 Statement of Financial Activities 12 Balance Sheet 13 Statement of cash flows 14 Notes to the Accounts 15-26
MANOR HOUSE DEVELOPMENT TRUST REPORT OF THE DIRECTORS AND TRUSTEES FOR THEYEAR ENDED 31 MARCH 2021 The Injstees a pleased to present their annual directors. report together with the financial statements of the charity for the year ended 31st March 2021. which are also prepared lo meet the requirements for a directors. report and Companies Act purposes. The financial ststements compty with the Charities Act 2011, the Companies Act 20(k%. the Memorandum and Articles of Association, and Accounting and Repts"ng by Charits"es'. Statements of Recornmended Practice applicable to harities preparing their accounts in accordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 leffe¢live 1 January 20191- OUR PURPOSE AND ACTMTIES Founded in 2007, Manor House Development Trust {MHDT) has grown into the key partner for the delivery of social economic regeneration in ils area of operation. It provides much-needed services for the local communities of North West Hackney, which is one of the most deprived areas in London and Gre81 Britain and one of the most diverse London boroughs in terms of ethnicity. Its mission slalement is.. "Manor House Devèlopmenl Tnist is a communty4ed charitable Tmst that woths in partnership with local resKlents. communty groups, voluntary sector and publ agenCS to bring about lasting social. e¢onomic and environmental impn)vemenls for the ben&fit ofall in the ManorHouse area" The main objective5 of the Tnjst are= / The relief of unemployment / The advancement of e¢Jucalion. training or retraining. partwlarfy among unempknyed people and providing unemployed people with woik experience. O The creation of training and employment opportunities by the provision of workspace. bjildings and l or land for use on favourable terms O The maintenance. improvement or provision of Publ amenrtS < The provision of recreational facilib.es for the public at large or those by reason of their youth, age, infirmity or disablement. financial hardship or social and economic circumstances, have need of such facilities. / The protection or conseNation of the environment / The provision ol public health facilits.es and childcare / The promotion of public safety an¢J prevenlion of Cri. The role and eontrlbution of volunteers A total of 400+ volunteers helped supp)rt the work of the paid stsff and its Board in particular with Emergency Aid Services. Whilst not relying on volunteers to undertake any activity, providing volunteering opportunities for residents and service users is a key oulpul for MHDT, as il allows MHDT to enhance and grow wmmunity Servi$. Al the same lime volunteers gain valuable work experience for their Cvs and report enhanced happiness and wellbeing in their every-day lives. The organisalion seeks to invofve volunteers across its work measuring the impact through ils 'Empowemient' business 51rarbd. Achievements and Perfomiance Connecting - This keystone challenge5 the Twst and others to work togelher around common goals and Theory of Change. The work of MHDT has been severely impacted during the Financial Year. Nevertheless, the Trust has during the Crisis itself provided emeigency aid in particular food aid in the areas in which it operates. Jhile the pandemic and associated lockdowns have ensured ttial very litue of the Trusts normal community acb'vilies were able lo lake place. it has been able lo use its existing networks and communications lo aid the joint response to the Covid-19 crisis across the estate as well as bring its activities and projects online. Hidden River Festival was unable to take place due to Covid restn"cb"ons and it is hoped that il will retum as soon as it is safe to do so.
MANOR HOUSE DEVELOPMENT TRUST REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 Winterfest was unable lo take Pla due to Covid restrictions and it is hoped thal it will return as soon as il is safe lo do so. Empowemient - Most of the projects that MHDT manages fall under our Empowerment Keystone. Over the urse of 2020121 MHDT was able to deliver a variety of projects. High1hts include". The Hackney Emergency Food Hub - (fom)erly known as Skyline) began its operahons from a disused restaurant in the Skyline building in April 2020, and then later moved to the Redmond Community Centre. The Food Hub provided hol meals and shopping lo vulnerable resKJents on the IM) estate. From the beginning of June 2021, the Food Hub, which is now recognised as the official Hackney Food Hub. will seale down ils food deliveries and move ils operations lo MHDT'S old HQ on Seven Sisters Road. where partner OrganisatnS providing food aid will collect food to distribute io local residents. The Emergency FO Hub also benefited from a DEFRA grant whh was spent enlirely on food stuffs and ensured that around 30.000 culturally appropriate and nutrib.ous meals 1350gmsl was distributed acr055 the LB Hackney to individuals and community groups The Virtual Community Centre IVCC) - while restrictions dKt not al)W activth-es or bwkings in the Mmunity cenlre, MHDT ran a prolotype Virtual Comrnunrty Centre. Acbvities such as children's dance and arts and crafts have been made available foi families during the lockdown. The project's aim is to boost residents, mental and physical health, bringing them together via online activities lo help combat social isolation and loneliness. Further funding is needed lo continue with the project, and a swal business plan is being prepared for the VCC. wth aims of growing it further and taking Il to the next level. Woodberry Connect {6-month piloll- Volunteers will TeNe 24 weeks training wth Community Fibre to become certified Digital Ambassadors and will then be paired with local residents in need ol digital skills training. The aim ol the project is lo reduce dlta7 and social isolation and boost people's digitsl skins so Ihey can safely access basic and essential online services. Kitchen Social and Arts Aid This project is funded by the Mayor of London. Research has shIn that over 700.000 children go hungry over the school holidays as no free meals are on offer. To combat Ihis issue. Kitchen Social funds community organisalions lo provide healthy ctxjked meals for children during school holidays. MHDT has participated in the Kitchen Social scheme since 2018. Wofking on a 3-year contract lending Seplember 2021). Prior to the pandemic MHDT hosted 'Redmond Feasts. offering children and their families fe and healthy meals prepared by our community meal leaders primarily using surplus food. During the pandem. this provision was adapted to new circumstances, with Kitchen Social delivering nulritsous 'take and make, meal boxes to the Redmond Centre which the team delivered to families at risk of food insecurity. Kitchen Social also provmled MHDT with a varty of Art & Activity Packs which were distn'buled lo local families during school k)ckdowns. BBC story on the 'take & make. scheme.. hllps'.IfvAW.youlube.cotatch?v=17xlsEgryNY Post Emergency Aid Continuing the Flght Againsl Food Poverty as Emergency AKI Setv1 are wound down MHDT will continue to alleviate against food povety by continuing to work wilh a number of local retailers lo provide food for those In need becoming members of the Felix Projecl. Fare Share thal has led to the Trust becoming the Hackney Food Hub in this financial year. MHDT'S continued partnership with The Felix Project, a charity which collects surplus food from various supermarkets into their warehouse in Enfield and delivers to loc31 charities providing community meals continued throughout the year. We were Ihe first charity in Hackney to partner with the Felix Project. Receiving the weekly deliveries has reduced stress for the communal meal lea¢Yers and allowed them more lime lo focus on organising and preparin9 for the meals, as well as ensurin9 a steady flow of surplus food coming into the Community Fridge. The project improves the health and wellbeing of the beneficiaries and imwoved each beneficiary's confidence in cooking and using drflefenl ingredients. 11 also encouraged them to cut down on meat and eat more vegetables and cook healthy meals al homes. as well as enjoying them as part of the project.
MANOR HOUSE DEVELOPMENT TRUST REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 Communty Frldge: This project works to reduce food waste. Food which cannol be sold but is in date lo be eaten is diverted from12ndfill and delivered lo the Redmond Community Cenlre. Members of the community can then benefit from a free bag of shopping. Excess vegetables are stored in the community fridge and freezer for use in community meals. The Community Fridge will operate from the RednK)nd Centre. Woodberry Down Regeneration MHDT continue5 to play a key role in the 20-year regeneration of Woodberry Down. MHDT continues lo attend various meeb.ngs such as coMMuntIonS and security. Influence - This keystone refers to the ways thal the Trust is influenced by those who benefit and use our services, coupled by how we use the information we collect and analyse lo influence those wlh power and 3Uthority lo make a drfference to policy. During the year. MHDT published a number of Impact Rep)rts on our work. This has included the Haekney Emergency Food Hub Mid-term revw repo The Royal Society of the Arts (RSA) which contributed funding lo MHDT'S food aid al the gInnIng of the pandemic, further publicly recognised the Hackney Emergency Food Hub project as one of the best social innovatsons lo come from the crisis. The Trust has employed Shingai Chirimuuta as Impact and Evaluats)n Manager and is now discussing providing impact consultancy with a number of sociallcivil s¢xiety organisalions. Measuring impact remains a key objeclive for MHDT and all projects undergo a deliberate planning proces5 to ensure that the social impact created is appropriatety measured. MHDT focused on collecting data and evidence al key intervals of our projecfs life cycles. For activtb.es that lonrd part of the Emergency A, surveys were eollecled quarterfy every year enabling us lo measure change and the achievement of outcomes over time. The Hackney Emergency Food Hub which ran from April 2020 to IAay 2021 became the heart of MHDfs response lo COVID-19. The project has not only responded to a community need bul has been central in bgniling the power of community within Woodberry Down and nearby localities during unprecedented times. Up lo 122 households and individuals have been reached through the emergency food hub which also offered extra support lo families during half-lem) breaks. MHDT partnered up with 28 local organizations and businesses to extend the reach of the project. In total over 5000 meals have been delivered to households and over 2000 shopping bags containing healthy food stsples were distributed throughout the lifespan of the project The virtual community centre which also part of the COVID 19 response project engaged 63 people direedy since January 2021 in specially designed online aelivilies. These contributed lo the improved mental wellbeing of residents as 100% reported back that they have felt happier since taking part in Ihis project. One participant said. Thank you, it was really good. and I needed it. l am really happy. I was anxious and didn't know what lo do. Withoul it, our lives will be miserable". Overall. the impact of our COVID-19 sponSe programmes has been significant as they have helped families dealing with a multitude of Challenges as a direct effect of the pandemic. Our projects provided a social safety net for families and individuals who were unable lo provide full meals for themselves and those who suffered from stress, loneliness. and anxiety- As well as data collection, work has focused on developing impact insights from the analysis of data and evidence colleeled in order lo understand the communty needs and priorities for future funding bids. Insights from this anasIS indicates the aclivib'es partiupanls want to see more of, as well as barriers to partipation. In 2019. the top 5 activities respondents wanted lo allend were Arts and Crafts Sessions {49%)", Dance or Frtness Classes {480/0l', Film-screenin9S 1420/0)," C¢)oking Classes 130V•l.' and a Theatre Group 119°hl. {239 people responded to the question on a survey across 24 differenl eventsl aclivilies.) We have found Ihe biggest barriers to participation are work schedule or timing 1610/¢)," not knowing what is on156 /0),' and childcare147%1.1255 people responded to the question on a survey across 23 different evenlsl aclivilies.) These findings are allowing us to consider programming for new bids, in addition to scheduling, outreach. advertising and child¢are provision. MHDT has implemented 'Upshot'. a new digital moniloring and evaluation system that will enable us lo streamline and organi2e our monitoring and evaluaiion pl0sseS and assist in accurale reportirkg and safe data management. The teams across both siles have been trained in using the soare. Space - MHDT works in spaces rt controls and acros5 the Publ realm. MHDT saw some major expansion in the spaces that il owns and manages.
MANOR HOUSE DEVELOPMENT TRUST REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 Redmond Communlty Centre (RCCI - MHDT continued to run the Redmond Community Centre which pre-pandemic represented ils main asset and venue for delNering community activities and raising revenues. Its lease of the building is not affeeled by govemance changes outlined below. Due to Covid reslriclions there was very limited activity pemilled and the Centre reverted lo being the Hackney Emergency Aid Hub. Employability - As part of its partnership with the London Borough of Hackney Works Team. MHDT has let one of the Redmond Community Centre offic£s to the Team to support their delivery of employability services. such as job brokerage and help with Cvs and interview skills_ This Off has been of use during the pandemic. Other Spaces Woodberry Blooms - MHDT eontinues to njn Wdberry Bk)oms as a florist the performance of the shop was impeded during the year although it was able to benefit from a govemmenl grant while il was dosed for business. The Shop was Convenient sited near to the SkyLine Emergency food hub and while this was operational the space was used for food storage and ensured that the kitchen space complied with health and safety risk assessmenL HQ Office- With little need for office space during the year the HQ is now the base for the Hackney Emergency Food Hub with groups across the borough ae to wck up food and other aid donated to MHDT and (Jistribute it to needy residents across Hackney. Other Spaces - MHDT assisted groups lo run other spaces such as the Grow Bag Project and a number of other community growing spaces. The Grown Bags have now been replaced by more dvrable wooden planters which MHDT funded. Stafflng MHDT t¢)ok advantage of govemmenl sCheS to ensure that all stsff were retained and remained on 100% of pay during the pandemic. Infornial discussions have begun with staff likety to TUPE lo London Development Twst Legal Actions - MHDT was not involvedl subject to any ongoing or new legal action during the course of the year. Public benefit statement In shaping our objectives for the year and planning our activities. the trustees have cnnsidered the Charity Commission's guidance on public benefil. including the guidance 'public benefit." running a charity {PD21'. The achievements and activities aljove demonstrale the publr benefit arising through the Charity's aclivilies. FINANCIAL REVIEW The is surplus for the year of £111,900 (2020 - deficit £236,482) and reserves sland al positive £56,866 (2020 negative £55,034). The financial position at the year revealed by the Balance Sheet on page 14 shows net current assets or working capital of £50,485 {2020 negalNe £57.503). The net book value of fixed assels held, all of which are used direclty for charitable purposes. amounted lo £6.280 {2020- £2.369}. Agreement has been reached with LBHINHG on a new contract for delivering cornmunty servi5 on Woodberry Down. Out-comes and Out-Puls have been revised to fit with wider Hackney and NHG objectives. however the MHDT Place Based community development approach fits in well with these wder objectives and we benefft from the netsvorks and Borough wide support neOrkS etc. This new grant gives MHDT an extra £60.000 on lop of ils existing grant agreement. In addition. MHDT., IMHDTI London". Woodbery Blooms.. and FTP have applied successfully for the grants listed below {furlough has not been included).
MANOR HOUSE DEVELOPMENT TRUST REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 Grant Power lo Change Big Lottery Emergency Royal Society Arts East End Community London Wave 3 RCC Business IntemJplion WB Business Interruption IGLAI lQtchen Sccial Defra Wartrose Woodberry Just Giving GLA Arts Amount £23.5¢XJ £92.000 £2,0 £4975 £20,000 £5,000 £10.000 £9,000 £80,000 £2,333 £3,841 Can be used for... Unreslricled Covid Response Covid Response Covid Response Covid Response Unrestiicted Unrestn'cted Fcrt)d and Cooking Covid Response Unrestricted IE £345 Arts Packs Total £252,994 Principal Funding Sources Principal funding sourees a currenlty". London Bofough of Haekney Genesis Housing The Big Loitery Lettings ofthe Redmnd Community Cen Investment powers and policy Under the Menrandum and Articles of Association. the charity has the power lo make any investment which the trustees see fit The trustees have considered the most appropriate p)licy for investing funds and have found that cash deposits meet their requirements to generate income. Reserves policy The Directors and Trustees consider it prudent to maintsin an adequate level of unrestricted reserves to cover the community centre'5 contractual cornmilments and provide suffiaenl working capital and have sel this al minimum of six months expenditure approximately £30.000 {£60.000 per annum} for core running costs. As al the year end, accounts showed reserves of £56,866 {2020 - negative £55.0341, of which £22,86012020 - £Nill was reslricled. The unreslricled ftjnds not desrgnaled or invesled in tangible fixed as5els held by the charity are £27.625 {2020- negative £57.503). In order to build up its reserves to a prudent level, MHDT-. 11 carry out changes in tayoul to the Redmond Communty Centre lo increase revenues generated by this asset, has cut non-staffing elements of the budget to a minimum. Has spread core central costs across all companies The Directors consider that the Charity's reserves will enhance the services provided and provide financial security for the future. FUTURE ACTIVITIES Community Projects Drawing upon the findings of a recent community survey done in May 2021 with the aim of gathering information about the needs of the Woodberry Down Community. MHDT looks to engage the community in various ways. The findings of the survey suggest thal residents woukl be most interested in Film screenings. Fitness exercise classes, Arts and crafts. Community feslivalslcullural events. Gardening sessions. social dubslgroups. and Skill leaming aclivilies. Furthermore, several survey respondents highlighted that they would like to see more famity activities for chiklren aged D4., playgroups and aclivib.es for children with autism.
MANOR HOUSE DEVELOPMENT TRUST REPORT OF THE DIRECTORS ANDTRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 Fundraising Due lo COVID-19 MHDT has succe55fv1W applied to various emergency aid funding to support the community during these difficult b"mes. With emergency aid scaling down, MHDT will now focus on grants aimed al bridging the digital gap. specifically around increasing the capacity of the Virtual Community Centre taking its hybrid approach to the next level, which wosjld altow us io respond to the needs and wBhes of the community {see findings from ¢ommunity survey 2021 above). Impact In order lo improve the management and quality of our Impact and Evaluation. MHDT has invested in Upshot, an impact rnanagement tool which has allowed the Trust lo streamline dala co1ctIon processes, produce high quality impact reports and use the evidence and findings lo devdop a better understanding of the impact we have on the local community. Upshot has proved a worthwhile investment and it remains a key aspiration of the Trust lo be able lo measure rts total impact across Woodbery Down. linking key outcomes with the UN Suslainable Development Goals. The MHDT team woukl like to explore the possibility of designing and delivering key short coutses on Impact and Evaluation. This is an initiative which is already being rolled out within MHDT lo all core projects staff. As both the COWD-19 response projects are ending, ftjll reports detailing the impacts of the projects will be prepared and shared with partners and supporters ol MHOT within a month folbwing the end of the project. HR & Governance MHDT will incorporate a HR Management for MS Dynamics 365. a holislsc solutn which will slreamline and automate all back-room HR services the Trusl provides, ensuring that MHDT is meets.ng all legal obligations in regard lo its stsff and facilitses. Governance Changes - the MHDT Trustees have made significant changes lo the Memorandum and Artides of the Trust which came into effect at the end of this finanual year. MHDT has changed its relationship with {MHDTI London Development Trust. These changes have been made io ensure financial sustainability and increase transparency of governance arrangements across the group. MHDT alongside LDT has made the necessary govemance and organisational changes to ils Articles and Memorandum. The advantages ol this approach are that there is a very clear sense of where strategic responsibility sils, which is with London DT. MHDT is enabled lo focus on ils own l¢)cal area. whilst benefitting from the slralegic oversight of a board and rhanagernent team with a pan London remit. The core management team can provide support lo each subsidiary, as required. and recharge as necessary. This enables a relationship which is much more than just a commercial service provider. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Manor House Development Trust {Ihe word 'Limited' being omilled by licence from the Department of Trade) is registed as a company limrted by guarantee and not having a capital divided by shares_ The company was incorporated on 1st April 2007 and is a registered charity consliluled as a Limited Company under the Memorandum and Articles of Associalion. The charity regislraliorb number is 1127604 and the company registration number is 06203804. Reefuitment and appointment of Trustees The trustees are elected at the Annual General Meeting in line with MHDT policy. MHDT believes il is important that Iruslees reflect Ihe diversity of Ihe local mMunIty- Therefore. trustees come from a range of back9iounds and interests including local community represenlalives an(J local stakeholders. New trustees ore invited lo sland for election or by introduction through seThices or by direcl reCrUitn( A selecb'on process for potential new Iruslees has agreed. This process includes an analysis of skills required by the board. interviews with the Director and Chair of the board and attendance al the board meeting followed by a review meeting.
MANOR HOUSE DEVELOPMENTTRUST REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 The Trustees have no beneficial interest in the company other than as members. The Trustees are also the directors of the company. All of the Trustees are members of the company and guarantee to contribute £1 in event of winding The Direclors of the organisalion afe also the charity trustees for the purposes of charity law. Trustee induction and training New trustees receive an induction pack outlining their re5wnsib1litS and duties and meet individually with Chair and Chief Executive Officer as part of their Induction. Trustee Resignations A number of Tnjstees stood down during the financial year_ MHDT would like to express its thanks to all those Trustees for their hard work ar perseverance over the lasl period in pa"cular during the pandemic. Arya Alatsas, a l¢)cal resident, resigned as the Chairman of the Board and st¢Jod down as a Trustee.. Both Shirtey Gayle and Dr Louisa Thompson also stood down after serving many years as Trustees. Kristine Stave moved from her position as WDCO representative to become an Independent Local Resident Member. Organisation The company is structured so that the Directors and Trustees meet regularly in order to manage its affairs, with MHDT Board meeting approximalety every quarter. The Management Board Comprises individuals from a variety of backgrounds. stskeholders and users. Board members, backgrounds include care. advice and legal professions as well.as finance and management. A Finance & Peisonnel sumMIttee ts in place, meeting regularty and reporting in turn to the Management Board. Woodberry Blooms Llmlted- WocKlbery Blooms Limited Sells flowers." house plants". homewares and coffee to residents across the Woodberry Down development Woodberry Blooms has become part of the landscape o Woodberry Down with its own branding and marketin9. The business plan for the shop has been affected by Covid-19 and in the last month of this financial year the shop ev0ed inlo an emergency aid support ntre. Woodberry Blooms is a company entirely owned by MHDT. MHDT London Development Trust - MHDT London Development Trust is a sub51diary ol MHDT. MHDT aims lo provide professional community development and community faalilies to the people that it serves. During the year, the Truslees worked with the Board of London Development Trust to change governance arrangements lo ensure greater transparency for both organisalions by forming a group structure. As well as clearer strategic govemance Truslee5 were of the opinion that the new structure would provide the best opportunity of financial stability for future years of the Trust. London OT now provides a range of seNiees for Manor House Developff*nt Trust. SeThice provisron to MHOT by London DT London DT is now able lo provide a full range of community development seNices in relalion lo the management of local community nIreS and associated facilities including". development 2nd management of new facilities". board administration and support. recruitment and employment of stalt, rnarkeling. PR and commun1cations'. impact assessment arKI data monitoring.
MANOR HOUSE DEVELOPMENT TRUST REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 London DT can also support Icxal organisab.ons wrth additional services including.. HR support, indudin9 training, performance management and payroll arrangements. health and safety. risk management and quality assurance., social stewardship consuhancy for developers bi(Iding for large sile developments., social 1mpacl baseline information studies., pr(xurement and ICT syslems." financial seNices and treasury management. These seryices can be provided by LoiKJon DT under the lem)s of a &year service level agreement ISLAI (renewable if required), an eXaMe of which can be provided on request. Related parties The charity works Closely with other similar organisalions as detailed in the achievements and performance section of the Trustees Report bebw. None of Ihe charity's trustees are directors or Iruslees of these other organisations. Pay policy for senior staff The Charity engaged an independent consullanl to advise the Trustees of the appropriate initial salary for the Chief Executive Officer. Other senior staff salaries are set ty the Chief Executive Officer in consultation with the Trustees. All senior stsff salaries are rewewed annualty lo take into account performance and the cost of living. Risk Managemenl The Iruslees have assessed the major risks to whh MHDT is exposed and are satisfied that systems are in place to miligale exposure to yjch risks. Trustees reviewed the risk register, which identffies the maior risks to which the organisation is exposed. on 2 regular basis, documenting the polents.al impact of each risk. recording actions planned to reduce the potent1 impael of risks and monitoring progress of these actK)ns. In the past year the trustees have continued to focus attention on the financial position of the charity, and a review of risks and opportunities. with a view to securing the long-temi suslainability of the charity. In addition, the Iruslees have launched a recruitment drive so that a full complemenl of trustees Is available to lake MHDT on lo ils next stage. REFERENCE AND ADMINISTrATIVE DETAILS Charity Nurnber- 1127604 Company Number: C6203804 Directors and Trustees: A A Alalsas- Resigned 2211012020 J P Burke- Resigned 3010412020 S Gayle M Andressen D Massie- Resigned 2510112021 W Sheehy - Resigned 3010412020 L Thomson C E Selman S Cheadle K Stave Secretary: S P Donovan Senior Management: S Donovan - Chief Execulwe Officer
MANOR HOUSE DEVELOPMENT TRUST REPORT OF THE DIRECTORS AND TRUSTEES (Conudl FOR THE YEAR ENDED 31 MARCH 2021 Règistered orrice: Redmond Communty Centre. Kayani Avenue. Lc4¥Yon. England. N4 2HF Bankers. CoperaVe Bank. 15 St Botph Streel. LorOn ECU 7QU Independent ExamlneT: S sh. Ramon Lèe Ltd, 93 Tabernacle Street. Liindon EC2A 48 TRUSTEES. RESPONSI8ILtfiES IN RELATION TO THE FINANCIAL STATEMENTS The Truslees (who are also ¢Jtrectors of Manor House Developmenl Tfust for the purposes of company 18w} are onsible for prepomg the preparirvJ the Annual ReFt arld Ihe fiar131 slatements in a(XOfdance wrth applicable law and regu_18bon. Comparsy law requires the Declors lo wepare finan(yal Starnents fw each financial yeaf. Under th81 law the Direclors have elected to prepare the ffflancl sfatemenls in accordance wilh United Kingdom Generally Acceplell Ac¢ounting Practice (United Kingdom Accounting Standards and applirable lawl. Undei o)mpany law the Diiectors must not apwovp the financial stalements unless they are satisfied thaf they gtr4e a Irue and fair view ol the state of affairs of Ihe company arHI of its income and eXPTrtr¢ for that period. In preparing these financkql statement5, the Directors arè Tequire(5 to-. select Suitab accounting polirye5 and then apply them consBtenty.' obseThe the methods and prh1QeS in the Charilies SORP: make judgements and estimates that are asOnable and prndenl". slate whelher applicable UK Accounting Stan(lards have been k4lowed. sutlect to any material departures dISed and explained in the fJnanGral stalerrnts: prepa the financial statements on the going conrn basis Lmless it is inappropriate lo presume Ihal the th3ri18bie company will conbnue in business. Thè Directors are responsible for keepirvJ adeouat? actt4unling records that are 5ufficipnt to show and explain the tompany's transactions and (Jisclose Wtth reasonabje aCCracY at any lime the fwianctal position of the company and enable them to ensu that Ihe financial statements tomply wrth Ihe Gt)mpanies Act 21)06. They are HLSO responsible for safeguarding the assets of Ihe c(¥np8ny aThl hence for takry feasonat4e sleps ts Ihe pre¥entKJn and deie¢tK)n of fraud and olher irrègularities. The report of the directors has been prepared lakiryJ advantage of the small companles. exemption ot.sectFon 415A of the.COMpan Act 2CQ6. APPROVED BY THE BOARD AND SIGNED ON ITS BEHALF BY: M Andres5en 30 September 2021 10
REPORT OF THE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MANOR HOUSE DEVELOPMENTTRUST I report on the accounts of the company for the year ended 31 March 2021, whi¢h are set out on pages 13 to 27. This report is made solety to the charity's trustees. as a body, in accordance th the Charities Act 2011. My Work has been undertaken so that I mHJht stale lo the charity's Iruslees those matters l am required to slate to them in an independent examiner's report and fof no other purpose. To the fullest extent permitted by law, I do Trot accept or assume responsibility to anyone other than the charity and the charity's Iruslees as a body, for my Independent Examination, for this rewt, or for the opinions I have fom)ed. Respective responsibilities and basis of report As the charity's trustees of the Company (who are aso the directors of the company for the purposes of company lawl, you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061.the 2006 Act"). Having satisfied myself that the accounts of the Company are not required lo be audited for this year under Part 16 of the 2006 Act and are eligible for independerbl examination. I report in respect of my examination of your charity's accounts as carried out under section 145 of the charikn.es Act 2011 1.the 2011 Act.). In carying out my examination. I have followed the Directions given by the Charity Commission {under section 145151{b) of the 2011 Act. Independent examinefs statement The company's gros5 income exceeded £250,000 and l am qualified to undertake Ihe examination by being a qualified rnernber of Institute of Chartered Accountants of England and Wales. I have completed my examination. I confirm that no malerial matters have eome lo my attention which gives me cause to believe that.. accounting records were not kepl in accordance wth section 386 of Ihe Companies Act 2006." or the accounts do not accord with such records- or the accourbts do not comply wrth relevant accounting requirements under section 396 of the Compan5 Act 2006 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination., or the accounts have nol been prepared in accordan wilh the charit.ies SORP {FRS1021. I have no concems and have come across no other matters in connectn with the examination lo which attention should be drawn in this report In Order to enable a proper understanding of the accounts to be reached. SAMIR SHA CHARTERED ACCOUNTANT RAMON LEE LTD 93 TABERNACLE STREET LONDON EC2A 4BA 30 September 2021 11
MANOR HOUSE DEVELOPMENT TRUST STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021 Unrestricted Restricted Funds Funds Total 2021 Total 2020 Notes Income Grants and dOnatS 139.032 177.828 316,860 139.933 Income from charitable acts"vitEs 42.879 314.669 357,548 44.533 Income from other trading ath"vits"es 39,714 39,714 89.946 Total income 221,625 492 497 714,122 274.412 Expenditure Cost of raising funds 50.081 28,225 78.306 80,404 Expenditure on charitable actNilies 54.911 441.412 496.323 310,490 Other expenditure 27.594 27.594 120,000 Total expenditure 132.585 469 637 602.222 510894 Net income1{ expenditure) and net rnovement in fvnds forthe year 89,040 22,860 111,900 1236,482) ReConciliatn offvnds Total funds, brought foThvard 155.0341 155.0341 181,448 Total funds, carried fonvard 34.006 22.860 56.866 55,034 The slalemenl of financial activities includes all gains and10sses recognised in the year. Ail income and expenditure derive from eonknnuing acllvf(s. The notes on pages 1510 26 fom part ofthese accounts. 12
MANOR HOUSE DEVELOPMENTTRUST BALANCE SHEET AS AT 31ST MARCH 2021 2021 2020 Flxed assets TangitJle.353eS Investmenls 11 12 6.280 100 2,369 100 Tal Ftxed Assets 2.469 Current assets Dèblors Cash al bank 2nd in hand 14 67.855 37.152 43.444 137 T¢tsl Current A55ets ' 105,007 43.581 Llabilities Cr¢dilors falling due within One year f5 1101,084 Net Current Assets 50.485 57.503 Npt assets 56,866 The'funds of the Charity: 'UnfèStricted lunds Restricted funds 16 16 155.034) Totsl charlty funds 56.866 55.034 In preparuw Ihele financial slalements= For the financial period ended 31 March 2021 Ihe company was entitled to exempts'on Irom audit under seclion 477 Companies Act'2006. No member of the company has depsIted a nolice, PLtrsuanl lo section 476, requlrin9 an audit of these financi81 stslemenls under the réquFremenls ol the Ctynpanies Act 2CKI6. The d4reeior5 acknowledge their resp)nSIbIlI11es lor ensuring that the company keeps accounting records which comyy with section 386 of the Act and.tr preparing financial statements which gNe a true and lair view ofthe state of affaiis of the company as al the end of the financial period and of its profil or10s5 for the financial period in accordance wilh the requirements ol section5 394 and 395 and wtti¢h otheThvise comply Ihe requiremen15 01 the Gompanies A¢t.2006 lating to a¢¢ounts. $0 tsr as applicable lo the company. These financial statements have bèèn PrePad in accordance wilh the provisions appth.cab to companies suty'ecl to the small cx)mpante5' grrIe within Part 15 of ihe.Companies Act 20.06. These ac¢ounts.were approved and authwised for issue by the Bc4rd of"Ditecltys arKI .Tw5tee5 on 30 September 2021 and were srgned on its behalf by.. WL M AndresserF - Chair Company Registration No 05335841 The noles on pages 15 10 26 ftym part of these aecounts. 13
MANOR HOUSE DEVELOPMENT TRUST STATEhqENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2021 2021 2020 Net cash generaled l (used) in operating activities 42.884 42.119 Cash flows from Investing a¢tivitie$ Purchase of tangle fixed assets Fixed asset investment {5.8691 Cash provided by l {used In) Investlng activities 5,869 Increase l {decrease} in cash & cash equivalents in the year 42,119 Cash & cash equivalents al the beginning of Ihe year 137 42.256 Total cash & cash equlvalents at the end of Ihe year 37.152 137 Reconciliation of net movement in funds to net cashflow from opraling activities: 2021 2020 Nel movement in funds Add back depreciation Decrease I lincreasel in debtors Increase l {decreasel in creditors 111,900 1.958 {24.4111 146.5621 1236,4821 1.830 155.448 37,085 Net cash generated l {usedl in operating activities 42.884 42.119 14
MANOR HOUSE DEVELOPMENT TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POLICIES Basis of preparation of accounts The financial slalements have been prepared in aordaftCe with AQUntsng and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accoun15 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective 1 January 20191 {Charity SORP (FRS 1021, The Financial ReFX)rting Standard applicable in the UK and Republic of Iland {FRS 102) and the Compan5 Act 2006. Manor House Development Trust nEets the definib.on of a Publ benefit entity under FRS 102. The financial statements are PrePad in sterling. which is the functional Currency of the Charity. Monetary amounts in Iheae financial ststements are rounded lo the nearest £. The gccounls lfinanaal stalemenls} have been prepared under the historical cost convention with items recognised at eosl or transaclion value unless olherwise stated in Ihe relevant nolels) to these accounts. Preparation ol accounts on a going concern basis The Charity's Financial Statements show net surplus of £111,900 for the year and free reseNes of £27,625. The Trustees are taking steps to reduce costs and Sere additional funding so that the charity is able lo operate on a salisfaclory basis and are confident that the charty can continue to operate as a going cOnrn. Further, in order lo build up its reserves to a prudent ve1. MHDT will carry out changes in layout to the Redmond Communty Centre lo increase revenues generated by this asset. has cut non-slaffing elements of the budget lo a minirnum and has spread Cofe central costs across all group companies. Income recognition Grant income GTants are credited to the SOFA when the charity is entit lo the funds. Income is only deferred where there are b.rne con5trainls imposed by the donor Of rf the fundiry is perfomiance related. Whefe enlitlemenl lo grants reeeivable is dependent upon fulfilrnent of conditsons within the charity's control, the income is recognised when there is sufficient evidence that cx)nditions will be met. Grants supporting the core activities of the charty and with no specffjc restrictions placed upon their use are included within donations and legacies. Grants that have specific restrictions placed upon their use are included wlhin income from Charitable activities. Capital grants for the purchase of fixed assets are credited to restricted incoming resources on the earlier date of when they are received or receab. Deprecab'on on the related fixed assets is charged against the reslricled fund. Donations and legacies Donations are recognised in the period in whieh they are reeewed. Legacy income is reeognised when the charity's enlitlemenl is judged to be probable and where the amount can be reliably measured. Contract income Income from charitable activities include income recognised a5 eamed las the re131ed goods and services are provided) under contract. Room hire and service change incorne Room hire and service charge income are Cdited lo income in the year in which they are receivable. Investment income Investment income is included when receivable. Group accounts The charity has tsken advantage of the exempbon under section 399 of the Companies Act 2006 and Charities Act 2011 not lo prepare consolidated ac£ounls, on ihe basis that the group of which this is the parent qualifies as a small group. The financial statements present infomiation aboL*I the company as an inéNidual enlily and not about its group. 15
MANOR HOUSE DEVELOPMENT TRUST NOTES TO THE ACCOUNTS (Conud) FOR THE YEAR ENDED 31 MARCH 2021 Volunteers and donated services and facilities Donated professional services and donale(S facilities are recognised as income when the charity has control over the item. any conditions associated with the donated item have been mel, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP {FRS 102). the general volunteer lime are not recognised and refers to the trustees. annual report for more inf0mlSn about Iheir conlribulion. On receipt. donated prOfeSonal servw and donated facilities are recojnised on the basis of the value of the gift to the charity which is the amount the charty would have been wlling lo pay lo obtain services or facilities of equivalent economic teneffit on the open markel. a corresponding amount 1$ then recognised in expenditure in the perKNJ of receipL ExpenditUTe recognition and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligatn to make a payment lo a third party. il is probable that settlemenl wll be required and the affUnt of Ihe obligation can be measured reliabty. Expenditure is classified under the following a¢livity headings.. al Cost of raising funds comprises costs of seeking grants and donations and. space hire and their associated support costs. bl Expenditure on charitsble aclivilies includes the costs directty associated carying out activities that champion social and economic regeneration activities in North Hackney including running The Richmond Community Cenlre, lo further the purposes of the Chariii and their asswated support costs. Irrecoverable VAT is eharged as a cost against the aclNity for whh the expenditure was incurred. Allocation of support costs Support costs are those functions that assist the work of the charity bul do not directly undertake Charitable activities. Support costs inelude back office costs. finance and administration personnel, payroll and governance costs which support the Charity's programffes and aclwities. These costs have been allocated betsveen cost of raising fvnds and expenditure on charitable activities. The ba51s on which support costs have been allocated are sel out in note 6. Funds structUTe The general fund comprises those monie5. which may be used toward meeting the charitable objective5 of the company al the discretion of the Management Board. The restricted funds are monies raised for. and their use reslricled to. a speofi¢ purpose or donations subject to donor imposed conditsons. Investments Fixed asset investrnen15 are staled at cost less Pfovision for diminution in value. 1.10 Tangible fixed assets and deprlatIOn Tangible fixed assets {excluding investmenlsl are staled at cost less depreciation. The cost of minor additions or those costing less than £250 are not caprtalised. Depreciation is provided al rates calculated lo write of the cost or valuation of fixed assets. less their estimated resKlual value. over their expected useful INes on the following bases.. Fixtures, filb'ngs and equipmenl 6 years Debtors Trade and other debtors are recognised at the seltiement amount due after any trade discount offered. Prepayments are valued at the amount prepaid nel of any trade discounts due. 1.12 Cash at bank and in hand Cash at bank and in hand indudes cash and short tem cash depostls. 16
MANOR HOUSE DEVELOPMENT TRUST NOTES TO THE ACCOUNTS Icontld) FOR THE YEAR ENDED 31 MARCH 2021 1.13 Credrtors and provisions Creditors an(S provisions are recognised where the charity has a present obligation resulbng from a past event that will probably result in the transfer of funds lo a third party and the amount due to settle the obligation can be measured or eslimaled reliably. Creditors and provisions are normally recognised at their setuemenl amount after allowing for any trade discounts due. 1.14 Financial instruments The Trust only has financial assets and financial liabilities of a kind that qualify as bas financial inslrumenls. Basic fin8naal instruments are initialty recognised al transaction value and subsequently rneasured al their settlement value with the excepts.on of bank bans which are subsequently rreasured al amortised cost using the effective interest method. 1.15 Taxation The Charty is a registered charity and. therefore. is not liabfe for Income Tax or Corporation Tax on income derived from its charitable aclivilies, as il falls within the various exemptions available to registered charities. 1.16 Judgement and key sources of estimation uncertainty In the application ol the company's accounting policies, the charty ts required lo make judgments. estimates and assumptions about the carying amount of assets and liabilities that are not readily apparent from other sources. The eslimales and associated assumplws are base(1 on historical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and underling assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the ests.male is revised where the revision affects only that period. or in the period of the revision and fvlure penods where the revisbon affects both current and future periods. 1.17 Pension The charity operates a defined contribution pension scheme on behalf of its employees. Contributions are charged lo the Statement of Financial ActNilies in the period in which they are payable. The assets of the scheme are held separately from those of the charty in an independently administered fund. GRANTS AND DONATIONS Unrestricted Funds Reslricted Funds Total 2021 Total 2020 London Borough of Hackney Genesis HMRC Job RelenlH)n Sthement grant Donations in kind Donations 48.741 79.998 48,741 79,998 174,906 2,923 10.293 316,860 48,000 75,000 16,212 174,906 2,923 10.293 139,032 721 177,828 139,933 The grants and donations income ir) 2020 lotslling £139.933 was all attributed lo unreslricled funds. The charity is indebted lo organizalions who provide fund raising services. The value placed on this donation in kind by the Trustees is £2.923 12020 £Nill. The income equivalents are recognised within grants and donations. and corresponding charge is included wthin expenditure as other direct costs. 17
MANOR HOUSE DEVELOPMENT TRUST NOTES TO THE ACCOUNTS (Contld) FOR THE YEAR ENDED 31 MARCH 2021 INCOME FROM CHARABLE ACTivmES Unrestricted Funds Restrfcted Funds Total 2021 Total 2020 Empowering Grants". The National Lottery Community Fund Department for Environment Food & Rural Affairs London Borough of Haekney The London Communrty Foundation Covid-19 Emergency response fijnd The Mayorfs Fund for London The Hackney Emergency FIX Hub East End Emergency Fund Donations Donations in kind Contract income". Aclon Garden LLP 91,789 80,000 59,250 29,60S 4,975 6,619 3,000 8,000 3,450 26,305 91,789 80,000 59,250 29,606 4,975 6,619 3,000 8,000 3,450 26,305 25,000 25,000 25,000 337,994 312,994 Connecting Grants.. Berkeley Homes The Mayorfs Fund for London. The Castle Other donations Contract income.. London Borough of Hackney H W Brown & Co Ltd Wheely Tots Notting Hill Genesis Other contract income Other income 5,000 1.500 1.499 206 1.675 1,675 5,064 5,000 3.000 2.500 4,683 1,935 900 900 1,675 7,639 25,323 Space Contract income.. Space hire 11,916 11,91S 11.916 11.916 19,210 19,210 42.879 314,669 357.548 44,533 Income from charitable activities in 2020 totalling £44.533 was attribuled lo unreslricled funds of £36,328 and restricted funds of £8,205. The charity is indebted to several organiialions who provide services to vulnerable households, i.e. food, books. art paths, hygiene prorlucts. referring volunteers, providing training for staff. The value placed on this donation in kind by the Trustees is £26.305 12020 - £NIll. The income equNalents are recognised within income from charitable aclivities. and corresponding tharges included within expendilufe as other direct costs. 18
MANOR HOUSE DEVELOPMENT TRUST NOTES TO THE ACCOUNTS (Contld) FOR THE YEAR ENDED 31 MARCH 2021 INCOME FROM OTHER TRADING ACTivmES Unrestricted Funds Total 2021 Total 2020 Space hire and services Management charges Other income 13,714 26,000 13,714 26,000 87,831 2,000 115 39,714 39.714 89,946 The other trading activities income in 2020 totslling £89.946 was all attributed lo unrestricted fvnds. 19
NOR HOUSE DEVELOPMENT TRUST NOTES TO THE ACCOUNTS Iconvdl FOR THE YEAR ENDED 31 PAARCH 2021 ANALYSIS OF EXPENDITIJRE Raithg futtds Emptyerfng Connen9 Inffuencln9 Z021 2D20 Staff costs Piemises eqvipmenlcvs15 DISCOunts on ch2rtatrAe space hwe Other direct rosts SupkW)rt costs (Nott 61 Govefnance casis (Note6) 55.754 82.131 4.326 47.5 7.416 30,371 243.712 15.449 820 221.988 70.619 22.040 174,74B SD,333 2.532 65.041 8S,972 12.2$8 820 2,933 11.973 3.737 192.664 26.175 8.169 7.713 18.267 21.579 6.735 411 1.320 2,080 78, 313,465 41.520 101.502 39.836 S74.629 390.894 Of the £574.629 expenddure 12020 - £390.8941. £104.952 was ch¥9>J to Unrestr 12020 - £280.365) and £469.637 ID re5tnBted funts 12020 - È110,5291.
MANOR HOUSE DEVELOPMENT TRUST NOTES TO THE ACCOUNTS (Contld) FOR THE YEAR ENDED 31 MARCH 2021 ANALYSIS OF SUPPORT AND GOVENANCE COSTS The Charity initially Klentifies the costs of ils support functions. 11 then idenliffies those costs which relate to the govemance function. Govemance costs and other support costs are apportioned separately beeen charity's key activity undertaken (see note 5) in the year_ All the general support and governance cosls have been apportioned lo the various tharitable aclivib.es on the basis of staff tirr* albcaled to each activity. General Govemance support function 2021 2020 Staff costs Premises and equipment eosls Communications costs Information lechnobgy and websrte Legal and professional expenses Insurance Miscellaneous expenses Independent examiner 46,189 1,328 1,216 6,026 11,454 904 3,502 18.104 64,294 1,328 1,216 6,026 11,454 904 3,502 3,936 45,040 5.388 2,210 24,463 9,555 3,739 3.909 3,936 3,936 70,619 22.040 92,660 98.240 OTHER EXPENDITURE Other expenditure of £27.594 (2020 - £120,000) represents a bad debt provision towards inler-company debtor balan due from the subsidiary Woodberry Blooms Lld wrttten off lo expenditure during the year, Its the extent that the trustees have eslimaled the debt is not recoverable. NET INCOMEI{EXPENDITUREI FOR THE YEAR This is staled after charging.. 2021 2020 Independent Examinat1n Depreciab'on 3,936 1,958 3,936 1.830 ANALYSIS OF STAFF COSTS. TRUSTEES REMUNERATION AND EXPENSES. AND COST OF KEY MANAGEMENT PERSONNEL STAFF COSTS 2021 2020 Salaries Nats"onal Insurance Pension Seconded slaff 306,928 26,931 21,508 147.361) 308.006 There was one {2020 one) employee whose annual employee benefits {excluding employer pension costs) were befvjeen £70,000 10 £80,000. 262,670 19,921 18,268 181.0711 219,788 Noie of the Trustees received any remunerats.on during the year. None of the Iruslees were reimbursed expenses during the year. The key managemenl personnel of the charity comprises of the Chief Executive Officer. The total employee benefits of the key management personnel of the thanty were £96,963 {2020- £94,699). 21
MANOR HOUSE DEVELOPMENT TRUST NOTES TO THE ACCOUNTS (Contld) FOR THE YEAR ENDED 31 MARCH 2021 10. STAFF NUMBERS The average Month number of staff employed, caieulated as full equivalent. during the year was as follciws.. 2021 2020 Empowering Connecting Spa Influencing Fundraising Support and govemance The average monthty number of persons employed by the company during the year was 1412020- 12). 11. FIXED ASSETS 2021 2020 Net book value Fixtures. fittings and equipment 6,280 2,369 Opening Balances Closlng Balances Additions Cost Fixtures, fittings and equipment 33.083 5.869 38.952 Opening Balances Charge For Year Closing Balances Depreciation Fixture5. fittsngs and equipment 30,714 30.714 1,958 1,958 32,672 32.672 12. INVESTMENTS 2021 2020 Investrnenl at cost 100 100 22
MANOR HOUSE DEVELOPMENT TRUST NOTES TO THE ACCOUNTS {Contld) FOR THE YEAR ENDED 31 MARCH 2021 13. NET INCOME FROM TRADING ACTIVITIES OF SUBSIDIARY The wholly-owned trading subsidiary Woodberry Blooms Limiled, which is registered in the United Kingdom (company number 115493651. The principal activity of the subsidiary company is that of a flower shop. The chanty owns the entire issued share capilal of 100 Ordinary Shares of £1 each. Accounts are filed with the Registrar of Companies. A summary of the Irading results for the year ended 31st March 2021 is shown below.. 2021 2020 Tumover 17.253 36,084 ' Cost of sales and administration costs 135.4161 18.163 (95,519) 59,435 Net loss Retsined in subsidiary {115.890) {97,727) The assets and liabilities ofthe subsidiary were: Fixed assets Current assets Current liabilities 34.017 9,000 1158.908) 115890 38,169 4,127 1140,023} 97,727 Total net assets Aggregate share Capitsl and reserves 115.890 97.727 The wholly-owned trading subsidiary MHOT London Development Trust, which is registered in the United KingdoTn (company number 117368911. The principal acbvity of the subsidiary company is that of a community eentre. Accounts are filed with the Registrar of Companies. A summary of the trading results for the period ended 31$1 March 2021 is shown below.. 2021 2020 Income 241,988 223.522 Expenditure Net profiU{lossl 1179.9851 62.003 1223.522) Retained in subsidiary 62.003 The assets and liabilities of the subsidiary were: Fixed assets Current assels Current liabililies 5.738 66,165 19.9001 62 003 5,581 65,189 170,7701 Total net assets Aggregate share capbtal and reserves 62.003 23
IAANOR HOUSE DEVELOPMENT TRUST NOTES TOTHE ACCOUNTS {ConUd) FOR THE YEAR ENDED 31 MARCH 2021 14. DEBTORS 2021 2020 Trade debtors Other debtors Amounts due from subsidiary undertaking Bad debl provision Accrued income 67,671 13,693 147,594 {147,594} 133.539 1120,0001 16.212 43.444 67,855 15. CREDITORS: Amounts falling due within one year 2021 2020 Bank overdraft Trade creditors Taxation and social secunty Other creditor5 Amounts due to subsidiary undertaking Accruals Deferred incorne Inole 181 15,751 22,599 27,691 5,851 21,536 3,936 3,720 101,084 28,182 10.731 2.333 8,059 3.936 1,280 54,522 16. ANALYSIS OF CHARITABLE FUNDS Balance 01.04.20 Balance 31.03.21 Income Expenditure Restricted funds.. The National Lottery Community Fund HMRC Job Retention Grant The London Community FOundatn London Borough of Hackney Covid-19 Emergency response fvnd The Mayor's Fund for London The Hackney Emergency Food Hub East End Emergency Fund Departrnent for Environment F¢x4J & Rural Affairs Other Donatsons Donations in kind 91.789 174.9( 29.606 59.250 4.975 8,294 3,000 8,000 80,000 3,450 29,228 91,789 174,906 29,606 36,390 4,975 8,294 3,000 8,000 80,000 3,450 29.228 22.860 492,497 469,637 22,860 Unrestricted funds." {55,034) 221,625 155,034 714.122 132,585 34,006 Total funds 602.222 56,866 24
MANOR HOUSE DEVELOPMENT TRUST NOTES TO THE ACCOUNTS {ConUd) FOR THE YEAR ENDED 31 MARCH 2021 16. ANALYSIS OF CHARITABLE FUNDS lcontinued) Analysis of charitable funds- previous year Balance 01.04.19 Balance 31.03.20 Income Expenditure Restrleted funds.. The B WJ Lottery fund - Reaching Comrnunrtbes Berkeley Homes The Castle The Mayorfs Fund for LorKlon The Radclrffe Trust Other donations 99.124 99,124 5.000 1,499 1.931 2.769 206 1,499 431 2,769 2C 102,324 110529 Unrestricfed funds.. 79.124 266.207 400.365 155,034) Totsl fvnds 181,448 274,412 510,894 55,034 Descrlptlon, nature. and purpose of restricted funds- The London Community Foundation- Developing and enhancing our Current aid services lo vulnerable households. i.e. food. art packs. digital devices." building community resilience by training volunteers.. salaries for project coordinators," rnaking physical adaplalions to our community ntre,. establishing cloud based solution lo safely manaoe the organisalion remotely and provide support to staff. The National Lottery Community Fund. London Borough of Hackney and Covid-19 Ernergency response fund: The project revolved around providing an emergency food and relief programme lo residents of Woodbery Down, Hackney. The project developed and enhanced our current aid services to vulnerable households, i.e. food, art packs, digitsl de¥eS,. building community resilience by training volunteers,. salaries for project coordinators", making physical adaptslions to our community centre., establishing a cloud based solutK>n lo safety manage the organisalion remolety and provide support to staff. The Mayorfs Fund for London & The" Hackney Emergency Food Hub: The project revolved around providing a school holiday food and relief programme to residents of WiThlberry Oown. The project developed and enhanced our current aid servi$ to vulnerable household5, i.e. food, art packs, digital devices. Department for Environment Food & Rural Affairs: The Grant may be spent on a range of foods includirbg meal, fish, dairy, fruil and vegetables and ambient food like bread. pasta and biscuits {including fresh. chilled, frozen and ambient). East End Emergeney Fund: The aim of Emergency Fund is to support activities reaching the most vulnerable members of our community. The project revolved around providing the hot meal service and respond to an increase in demand during the 2nd lockdown and over the winter perio(S. The funding will purchase extra food from SuplerS. pay chef costs. volunteer expenses and kitchen equiprnenl such as pans and cooking utensils and delivery containers. The Big Lottery funil: Funding in 2019120 towards our Project Woodberry Down 4 Everyone. which works lo encourage healthy living and environmental awareness. Berkeley Homes and The Castle: Founding in 2019120 towards the Hidden River Festival. The Mayorfs Fund for London- Funding in 2019120 receNed towards the Kitchen Social project. The Radcliffe Trust: Funding in 2019r20 towards Quiltsng Arts Project. Description, nature and purpose of unrestricted funds: General fund$: General hjnd represents funds availatle lo spend al the discretion of Ihe Trustees. 25
MANOR HOUSE DEVELOPMENT TRUST NOTES TO THE ACCOUNTS (Convd) FOR THE YEAR ENDED 31 MARCH 2021 17. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Funds Restricted Funds Total 2021 Tangible assets Investments Net Current assets 6.280 100 27,625 6,280 100 50,485 56.866 22.860 22,860 34,006 Analb'sis of net assets between fund5- previous year Unrestricted Funds Restricted Funds Total 2020 Tangible assets Investments Nel cvrrenl liabilities 2.369 100 157,5031 2.369 100 157,503) 55,034 55,034 18. DEFERREO INCOME 2021 2020 Balan brought loard Amount released to income in the year Amount deferred in the year Balance carried forward 3.720 13.720} 1.280 1,280 13,007 113.0071 3.720 3.720 Deferred incorre represents room hire income received in advance fw 2021122. 19. SHARE CAPITAL The company is limited by guarantee and does not have a share capital divKled by shares_ 20. PENSIONS The pension cost charge represents contributions payable by the charity to the fund and amounted lo £21,508 12020 - £18.2681. Conlribulions lolalling £2,315 12020 - £2.3971 were payable lo the fund al the year end and are induded in ciedilors. 21. POST BALANCE SHEET EVENTS Post year end, the Iruslees have made significant changes lo the Memorandum and Articles ol the Trust. MHDT has ehanged ils relationship wrth {MHDTI London Oevelopmenl Trust. These changes have been made lo ensure financial sustainability and increase Iransparency of governance arrangement5 across the group_ MHDT has become subsidiary charity to IMHOT) London Development Trust after the year end. For, fvrther inlormalion see the future activitS sectKJn in trustees report. 26