DooJ5yn En¥dcpe ID. 24AF3E27-518448474ODWF4(C476386 Charity rtgistrntion number 1127604 Company rByistrnti)n number 06203804 (England and Wales) MANOR HOUSE DEVELOPMENT TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 •ADAYZ3f4* 0410912024 COMPANIES HCiJSE
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DéaJsuJn En¥eW10'. 24AF3E27-51e44847&rX)FF4C763&5 MANOR HOUSE DEVELOPMENT TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees A R Essex C E Selman J L Po•4ell JRArth K Stave Lcla S Cheadle S Young EPMitch (Appoinled on 31105r20231 (Appointed on 16103r20231 (Appoinled on 05112r20231 (Resigned on 01104r20231 Charity number 1127804 Company number C6203804 Secretsry S P C*)nowan Sènior Management S P Donovan- Chief Exeujtive Officer Dr Miriam Burke- Director S Kamal1)(shokoUh- Finance Manager RegistèrÈd oifice Redmond Community Centre Kayani Avenue London N4 2HF Indendent examiner Samir Shah FCA, ATII Ramon Lee Lld Chartered AcCtants 93 Tabernacle Street London EC2A 4BA Bankers cOperate Bank 15 St Botojph Street London EC3A 7QU
OorJJyw Énvelope ID.. 24AF3E27.s164484740DFF4t476 MANOR HOUSE DEVELOPMENT TRUST CONTENTS Page Trustees, Independent Examinerfs report Ststement ol finanual ad1v"eS Balance sheet 9-10 Notes to the financBE sl*ments
008an EnveloFe10.. 24AF3E27.5164-4847.BDDW4(U76 MANOR HOUSE DEVELOPMENT TRUST TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees present Iheir annual report and finan¢ial statements for the yeaf ended 31 March 2024. The finanaal staternents have been prepared in accordance vAth the accounting poliaes set OLrt in note 1 to the financial statemen15 and comply with Ihe Charitab companws Memorandurn and Artides of Association, the Companies Act and "Accx)unkn"ng and Reporti'ng by Chariknes". Statement of Recommended Practice applicable to charitiès preparing iheir a¢£x>unts in accordance with the Finanual Reporting Standard applble in the UK and Republic of Ireland IFRS 102)" leffedi¥e 1 January 2019). Objectives and activities Founded in 2007, Manor House Developmenl Trust IMHDT) has grm) into thp key partner for the delivery of soaal economic. regeneration in its area of operakn"on. It provides muth-needed sefwces for the local cx)mmunities of N()rth West Hackney, which is one of Ihe most deprived area$ in Ld( and Greal Britsin and one of the most dNetsè London boroughs in temis of ethnioty. Ils mission statemenl is.. "Mènor Horjse "oevelopment [st is a community4ed chaiitèble Tfust that woths in partnètship local Sn[s, Gommunity groups, volunlary séelor andpublic a9enues to bring about lasting social. eeonomffe and envirt)nmenlal improv9nIS for the benefit of all in the mat House area." The main objectives of the Tmst are". The relief of unemployment The advancement of education, trainsng or relrainmlg, particJJlarty amng unemployed people and provhling unemployed people vrith work experience. The creation of (raining and employment opFortunibes by the prowgon of workspa, buiklings ar l or land for use on tsV0urae tern)s The mainlenance. improvement or proNisJn of Pl1[C amenrties The prowsKJn of recreational facililEs k)r Ihe public at large or those who by reason of their youlh, age. infirmity or disablement, financial hardship or social and economic circumstances. have need of such facilities. The protection or conservatKJn of the enronrnent The prowsion of public health faalities an(1 childcare The prrynotion of pU1C safety and FWent ol crnne. The role and contribution of volunteers A lotal of 50+ volunteers helped support Ihe work of Ihe paid staff and rts Board Whi151 not retying on volunleers lo undertake any activity, providing votunteering opportunjlies for Tesidenls and serwce users is a key oulpul for MHDT, as it allows MHDT lo enhance and grow community semces. Al the sarne lime volunleers gain valuable work experience lor their Cvs and report enhanced happiness and wellbeing in their every-day live5. The organisation seeks to involve volunleers auoss ils wwk measuring the impact Ihrough Ils 'Empowem)ent' business slrand. Achievements and rf0M1ance Connecting - This keyslone challenges ihe Trust and others to wc¥k togelher around common goals and Theory of Change. Hidden River Festival took place aga in September 23 marking its 10 Year AnnNersary. It attracted around 3(M)O wsilors to rts 2 stages. slalls and peripaietic acts. The FestNal is a way lo¢al ents connect and was funded by though the local regeneratson partneiship. Winterfest took place December and was a great suoxss wth arQur 81XJ residents attending and taking part in a range of aclivities. Woodbery Wetlands Health Partnership - MHOT took a lead rcle in bulding the parlnership which seeks to )nned local groupslresentslheallh professional.. together to tackle heaNh inequalities and enable access lo 51alutory ar volvntary servS. K4HDT seconded a staff mernber to Ihe Hackney CVS Team to rarry oul this successful health prgect.
Do¢u5KJn En¥dcpÈ10.. 24AF2E27.Sl6W47£DDFF4l4? MANOR HOUSE DEVELOPMENT TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Empowerment- Most oflhe projects thal MHDT manages f*1 Lmder our EmpLpweThenl Keyslone. Over the wurs$ of 2023r24 MHDT was able lo delNer a variety of proiecls. High1hts indude: My Place- Followng on from rts successful wlot scheme in Finst¥Jry Park My Place con1inl ils work lo empower young people on odbefry Dovm. A cohort of young peopk were empkjyed and trained lo undertake research wlh their peers and iesidents on the weneratson. MHDTS continued partnership Th• Fèlix ProiècL a charity whth collècts surplus focwj from variovs supermathets into their wahOuSe in Enfield and delivers lo local tharilie5 providing community meals tA)ntinued throughout Ihe year. wère the first charity in Hackney to partnèr %wth the Felix Project. Re¢eivin9 the weekly delweries has reduced stress for the communal meal leaders and allowed them mthe time to locus on organising and preparing fof the meals. as well as ensuring a sieady flow ol surplus food ming into the Community FrKlge. The project imwoves Ihe health and wellbeing ol the benefi¢iaries and improved each benefiuary's uJnfKlenrA in cooking and using differenl ingrediernts. It also encouraged them lo down on meal and eat rnore vegetables and cook healthy meals al horne5. as well as enjoying Ihem as part of the woiect. Community Frfdge: Thrs projed works to reduce food waste. Food which cannot be sold bLrt is in dale to be eaten is diverted from L4ndfill and delivered to the Redmond Community Cenlre. Members of the community can then benefil from a free bag ol shopping. Excess vegetables are stored in the community fridge and freezer for use iri community meals. The Communrty Fre will operate from the Redmond Cenlre. Woodbery Down Regeneration MHDT coniinues to play a key rok in the 2year regeneration of Woodberry Down. MHDT tthtinues to altend vawiws meeling5 suth as rmmUr¥CatIonS and securty. Influence - This keyslone relers to the ways that the Twsl is inftuenced by Ihose who benefft and use ovr services. coupled by how we use the infomiation we collect and analyse to influencÈ those with power and authority to make a drfference to policy. Measurin9 impact remains a key obiedNe for MHDT and all pr¢¥eds undergo a deliberate plannin9 process to ensure that thè social impacl created is appropnately measu. MHDT f(Se on ¢¢Ale¢th"ng data and evidence at key inlervals of our projecfs life cydes_ MHOT has imemente¢j Plinth a dwital monittiring aN1 evaation system that will enable us to slreamline and organise our monitoring and evaluation prortsses and assisl in acrJJrate repth.ng and safe data management. The teams a¢ross both sites have been Iiained in usin9 the sofh¥are. Space - MHDT worts in spaces it contrds and across the public reahm. MHDT ethtinued to lease the Redmond Communty Centre and 2 small shop unrt5 on the W(XKJberry Down estate. Redmond Cornmunity Qntse (RCCI MHOT cwtinued to run Ihe Redmond Cornmunity Centrè which represented Its main asset and venue for dÈlivenng communrty adiwties and raising revÈnuÈs. Its lease of the building is not affected by govemance changes oullined below. Employability . As part ol rts partnership wlh the London Borou9h of HaGkney Works Tearn, MHDT has let one of the Redmond Comrnunily Centre offices lo the Team to SUPPOrt their delivery of employability se5. such as job brokerage and help with Cvs and interview skills. Other Spaces Unit D, Residents Tower- MHDT is seeking a suilable tenant lor this unit. Unit B, Hombeam - MHDT was able lo the unil to a long lemi tenanl providing educalional semces. Other Spaces - MHDT assisted groups to nJn other spaces suth as the Grow Bag Project and a number ol other commvnty growing spaces. The Grown Bags have now been repla¢ed by more durable woren planters whith MHDT lunded.
DoCjn Envelcyelo". 24AF3E27.51644847.e0c)FF4cc476JsG MANOR HOUSE DEVELOPMENT TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 Staffin9- Stsff TUPE'd to London Devekjpment Trust al the beginning ofthis financial year. Legal Actions- MHOT was nol invcAvedl su4.ect to any ongoing or new legal &*"on during the ojurse of the year. Public benefit statement In shaping our objeclive5 for the year and planning c1 activities. the trustee5 have considered the Charity Commission's guidance on wblic benefft. induding the guKlance 'public benefit.. running a charity IPD21'. The achievements and activrties above demonstrale the publsc nefit arising Ihrough the Charity's activitses. Financial revtew There is nel surplvs for thè year of £71,65812023- £11.891 in defiryt} and reserves stand at £72,338 {2023- £6801. The financial FX)sil)on at Ihe year reveaed by the Balance Sheel shows net current assets of £47.580 12023 - net current assets negative É27.4131. The nel book value of fixed assets held. all of vthich are used directly for charitable purposes, amwnled lo £24.75812023- £28.093). Agreernenl has been rea¢hed with LBHINHG On a new contracl for delivering tt)mmunity Servi$ on Woodberry Down. Out-comes and Out-Puts have been re5èd lo frt ¥Mh vrrider Hackney and NHG obJ"ectives. Partner5 agreed lo fund the My P13ce Piojèct WoL¥Jberry Down in addrfion to core funding. projèct fits in well with thèsè wider obieclives and we bÈnefil from the networks and Borough wide support nelworks etc. Reserves policy The Directors and Trustees consider it prudent to maintain an adequate level ol unrestricted reserves lo cover thè community centre's contractual commrtments and prowde sufficient workng capital and have set this at minimum of six months expenditure approximately £30.Q¢XJ {£60,000 per annum) for core running costs. As at the year end. accounts showed reserves of £72.33812023 - £680), of whith £17.135 (2023 - £23.4211 was restricted. The unrestricled ftjnds nol designated or invested in tangle fixed asseis held by the charity £30,445 12023_ £50,834 in negab"ve)_ In order to build up rts rèsèNÈS to a prudent level. MHDT-. will carry out ¢han9e5 in layovl lo Ihe Redmond Cornmuntty cent lo increase revenves generated by this asset. has cut non-staffing elements of the Imet to a mininum. The Diredors consider that the Charivs reseeS wll enhance ihe servtts provided and provide financial security lor the futu. Principal Funding SoureÈs Principal funding sour¢es are oJrrentty= London Bofough of Hackney No¢hing Hill Genesis Investsnent powers and policy Under the Memorandurn and Artths ol Asswalion. the charily has ihe pNer to make any investment which the trustees see rrt. The Iru5tees have considered Ihe mosl appropriale Oicy for inve5tsng fvnds and have found Ihal cash deposits meet their requirements lo generate income.
Oowsign EnOpe ID." 2w3E27.5164-4&474DDw4¢476386 MANOR HOUSE DEVELOPMENT TRUST TRUSTEES. REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 AIARCH 2024 Plans for future periods Community Proje¢ts Drawing upon the findings ol a rÈ¢eni communty survÈy donÈ in May 2022 with thè aim of gathering information about the needs of the Wotxlberry Down Community. MHDT looks lo engage the ¢omrnunity in various ways. The findings of the survey suggest that regdents would be most inteiested in Film screenings. Fitness exercise cjasses, Arts and crafts, Communty feslivalslcuttural evenls. Gardening sessions, scKial dubslgroups. and Skill learning aclivities. Furfhemore. several survey respondents highlighled Ihai they woukj le io see more famity aclivities for children aged ¢F4. playgroups and actimties for chihjren wth autism. Fundraising MHDT continued to apply grants to fund a Vdriety of community. proiects. 11 has •meMer1ted a Just Giving. Campaign lo pay ffc other aciiwlEs SLK a5 an Eid Party. Impact In order to irnprove the management and qualty of our Impacl anol Evaluation, MHDT has invesled in Time to Spare, an impacl manaqement tool which has allsjwed the Trust lo streamline dala collection processes, produce high qualrty impact reports and use Ihe ewdence and findings to devefop a better understanding ol the impact we have on the local community. HR & Go¥ernance MHDT transferred all staff lo London Devekyment Trust as parf of the Parent Subsidiary govemance arrangement from 1st April 23. Governance Changes The MHDT Trustees irrplernented signrficant changes lo the Memorandum and Articles of Ihe Trust which came into effect at the beginning of Ihis financial year. MHDT has changed rts relationship with London Devekpmenl Trust. These thanges have been rnade to ensure fjnancial sustain8ly.lty and irKsease transparency of govemane arrangemenls auoss the group. MHDT alongsiije LDT ha5 made Ihe ne$sary govemanct and organisational Changes lo 115 ArtiCS and Memorandum. The advantages of this approath are that there 15 a Very dear sense of where strategi¢ respon$ibilrty srts. whith 1$ with London DT_ MHDT is enabled to f¢$ on rts kKal area. whilsi benefitting from thè strategic oversight of 3 board and management team wilh a pan London remit_ The core management team can W0e support lo eath subsidiary. as required, and retharge as necessary. This enab$ a relab"onship which is much more than jLJSt 3 commercial se[Vi prow¢Jer. Structure, go¥ernance and management Governing document Manor House Developmenl Trust Ilhe word 'Limilerf being omitted by licence from Ihe Departmenl of Tradel is registered as a company limited by guarantee and not hamng a capital divided by shares. The company was incorporated on 1s1 April 2CQ7 and is a registered charity constituted as a Lifflile¢J Company under Ihe Memorandum and Artides of Association. The charty regislration number is 1127604 and the company 95stration numbei is 06203804.
DorJJsiw ÉnNEk)F¢ ID.. 24AF3E27.5l647-8Oo&OFF4oc47s3 MANOR HOUSE DEVELOPMENT TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Recrui¢ment and appointment of Trnste MHDT believes it is important that Iru5tees refled the diversty of the k)cal community. Therefore, tnjstees rx)me from a range of bad(gfounds and inlerÈsts induding local CA)rnmunity representatveS and local stakeholders. New injstees are inwted lo sland for election or by introduction through semces or by direct reuuitmenl. A seledion pmcess lor potential new trustees ha5 agreed. This prooss indudes an analysts of skills required by the board, inleNèws with the Direclor and Chair of ihe board and attendr al the tM)ard ffleeting ft)Ilowed by a review meeting. The Dire¢ttsrs ofthe organisation are also the charity trusiees for the purposes of tharity l&¥. None of the Irustees has any benefiaal interest in the cDmpany. All of the tnjstees are members of the company and guarantee lo contribute £1 in the event of a winding up. Organisation The company is slructured so that the Directijfs aThJ Trusle•s meel regularty in order to manage its affairs. with MHDT Board meeting approximatety every quarter. The Management Board comprises indwiduals from a variety ol background5. stakeholders and usefs. Board membeTS' backgrounds indude care, atjwce and legal professions as well as finance and management. Trustee inductlon and train¥ng New trustees receive an inductK)n pac ouilining their reSpcSibIlitIeS and duties and meet indiwdually wilh Ihe LDT Senr Management Team as part of their induction. Related parties The charity works dosely wilh olher similar organisal)ns as detaikd in the achievernents and performance section of the Trustees Report. None of the thariVs trustees are dIreCtS or truslees ofthese other organ15a1Jns. Pay policy for senior st¥ff - Wl senior staff ha¥e TUPE'd lo Lond( Deveksprnent Trust. Risk Management The tr115tees have assessed the rnaior wisk5 to which klHDT is exposed and are satisffied thal syslems are in plac lo mitl9ate exposure to such risks. Trustees reviewed the risk register. which Klentthes the rnaior risks to which the organisatKJn is exposed. on a regular basis, documenting the potential impala of eath risk. recDrding acts"on5 planneil to redu¢e the potenlial Impact of Iisks and moniloring progress of Ihese action5. In the past year the trustees have continueil lo fows attenlion on the finanryal poSitn ol the charity. and a review of risks and opportunities. with a view to securing the long-term sustainabilily of the charity- In addilion. the trustees have launched a reuuilrnenl drive so that a full complement of trustees 15 available lo take MHDT on lo ils next Slage.
0gn En%tope ID". 24F3E27.S1644847-8wFF4l4763G MANOR HOUSE DEVELOPMENT TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Statement of Trustees. responsibilities The trustees, who are also the directors of Manor Hovse Development Trusl for the purpose of company law, are responsible for preparing Ihe TnJslees' Report and the finanoal stalemenls in accordance with appCable law and Unrted Kingdom Accounting Slandafds (United lQ'ngdom Generally ArpIed Acrounljng Practice). Company Law reqLMres the twstees to prepare ffinanc4al statements fw eath financaal yeai which give a true and fair view of the stale of affairs of the charilable company and of Ihe incoming resources and applution of resources. induding the incorne and expenditure, of the charitable company for that year. In preparing these finanaal statements. the trustees are required to= - select sultae accounting polrues and then appfy them c&Stent." - obseNe the methods and wnc4)les in the Charbties SORP" - make judgements and estimates Ihat are reasonable and wudeni." arml prepare the financial statements on the going concem basts unless it is inappropriate to presLKne that the charitable company will conimue in operatw)n. The trustees are responsible for keeping adequale accounling reojrds that disclose with reasonable accuracy at any lime the finanual position of the charitable company and enable Ihem to ensure Ihat Ihe finanaal slalements com Y with the Companies Act 2C(. They are also reSpOn&b for safeguardtng the assets of the charitab company and hence for taking reaSonae steps for Ihe prevenlion and delection of fraud and other irregularitie5. The trustees are responsible for mainlenance and intwty of the oyporate an(1 finan¢7al rnformalton included on the charitable company's websrte. LegislatiOWT irs the Unrted Kingdom governing Ihe preparation and dissemination of financial slalements may differ from legislation in other jurisdicb"ons. This report has been prepared in 8e£ordance wrth the specAal pro$)n$ ol Part 1S of the CompaniÈs Act 2LX6 relaling lo small companies. The Tfuslees. report was approved by the Board of Trustee5 and signed on rts behalfby.. sw¢dby.' 88612QIFIEaE4B2.. K Stave Tru$tèe 29 July 2024
Da(xsMJn En%lope .. ?4AF3E27.5l68474EDFF4CC4763 MANOR HOUSE DEVELOPMENT TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MANOR HOUSE DEVELOPMENT TRUST I report to the trustees on My examinalion of the finanua statements ol Manor House Development Trust (the charitable company) for the year ended 31 March 2024. This report is made solely to the charty's trustees. as a body, in accordance wth the Charities Acl 2011. My work has bèèn undertaken so Ihat I might stale to the chariws trustees those matters l am required to slate to them in an independenl examiner's rèport and for no other purpose. To the fullest extènt permitted by law. I do not accept or assume responsibility to anyone olher than the tharty the tharrty's tru$tees as a bo¢ty, for rny Independent Examination. for this report. or for the opinions I have formed. Responsibilities basis of report As the Irvslees ol the <aritabk cijmpany (and also its diiedors for the purposes of company lawl you arè responsible for thè prepar3lj.on of the finanoal slalèments in arAirdance vnlh the requirements of the Companies Acl 26 (the 2006 Acti. Having satisfied myself thal the frnanci?I stalemenls of Ihe charilable company a not required lo be audiled under Part 16 01 the 2006 Acl and are eligible for independenl examination. I report in respecl ol rny exarninalion of Ihe charitable company's fjnanual staternents carried out under section 145 of the Charities Aci 2011 (the 2011 Act). In carrying out my examination I have folowed all the applicable Directions given by the Charity Commission under section 145(5)Ibl of the 2011 Act. Independent examinerfs statement Since the charitable company's gros5 income exceeded £250.IXhJ your exarniner must be a member of a body listed in sedion 145 01 the 2011 Act. I confirm that l arn qualifièd lo undertake Ihe examination becausè l am a member ol ICAEW. whJ¢h is one of the listed bo<lies. I have completed my examination. I confirm that rto rnattets habp come to my attentn in conneth.on with thè examination giving MÈ cause to bekeve that any mateiial iesped: 11 accounting rewfds were not kepi in resped of the charilab company as required by secb.on 386 of thè 2006 Act.. or 21 thè finanaal statements do not accord wilh those records.. 31 the financial slatements (Jo not comY wbth Ihe accounbng reqU1mentS of seclion 396 of Ihe 20 Act other than any requirement that thÈ atcounts gNe a true and tsir eW which is not a malter cJ)nsidered as part of an independent examinabon". or 41 thè finanual statements have not beèn prepa in accordan wth thè methods and principles ol Ihe Slalement of Recommended Piadic£ IOT accountin9 arH1 reporting by charities applir3ble lo charities prepaTing their accounts in acrAydan¢e with Ihe Finanoal Reportw¥J sndd appli¢able in Ihe UK and Republic of Irdand IFRS 102). I have no concern5 and have come across no other matters in c4)nne(Xion with the examination to which attention should be drawn in Ihis report in cder to enable a proper understandjng of Ihe finanaal statements lo be reached: Samir Shah FCA. ATII Ramon Lee Ltd Chartered A¢¢ountants 93 Tabemacle Street London EC2A 4BA Dared." 29 July 2024
DO$jn En4tW10." 24AF3E27.51644847.8cQFF4cC4763 MANOR HOUSE DEVELOPMENT TRUST STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds Total 2024 Total 2023 Notes Incomè frtsm= Donations and legaaes Charitable actiMlie5 Olher trading acliMties 112,453 199.745 12.050 10.(#J) 68.081 122.453 267.826 12.050 9),576 179.451 27,756 Totsl income 324.248 78.081 402.329 297.783 Ex enditure on: Raising funds Charitable actI1t1es Other ExpenditLKe 60.556 270.115 78.729 225.352 5.593 185.748 84.367 11 Tetsl Èxpenditur• 246,304 84.367 330,671 309,674 Net incomellexpenditurel for the yearl Net movement in funds 77,944 {6.286} 71,658 111.8911 Ftsrbd balaneAs at 1 April 2023 {22.741) 23.421 12.571 Fund balances at 31 Mar¢h 2024 55.203 17.135 72.338 680 CONTINUING OPERATIONS None oflhe Chariiy's activities was acquired or disc£tinUed during ihe above hvo finanaal periods. TOTAL RECOGNISED GAINS AND LOSSES The charrty has no recogrused gains or lossès olher than the aVe movement in funds for the above two finanaal periods. The note5 on pages 11 to 24 fofrn part ofihe5e finanual staternentS.
Docusvjn Envelope ID.. 24AF3E27.S164484740DFF4I4?8sft6 MANOR HOUSE DEVELOPMENT TRUST BALANCE SHEET AS Af31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets 12 24,758 28,093 CurTent assets Stocks Oebiors Cash al bank and in hand 14 15 2C(J 37.583 55,543 550 47,638 1,961 93,326 50,149 Creditors: amounts falling due within one year 16 (45.7461 (77.5621 Nel cuffenl assetsllliabilities) 47,580 127,4131 fotsl assets less current liablltties 72,338 Iorne funds Restricted funds VnresltictÈd luftds 17 17,135 55.203 23.421 122,7411 72,338 680
Docushjn Envdope10.' 24fvF3E27.516H847-BODFF4(£4763B6 MANOR HOUSE DEVELOPMENT TRUST BALANCE SHEET {CONTINUED) AS AT31 MARCH 2024 The company is entitled lo the exemption from the audit requirement contaird in seclion 477 of the CompanÈs Acl 2ryJ6. for the year ended 31 March 2024. The directors acknowledge their responsibil"èS for. a) ensuring that the charitat4e company keeps aiYThJntiThJ records Ihal compty with Sèctions 386 and 387 of the Companies Ad 2006 and bl preparing accounts which give a true and fair wew of the state of affairs of the tharitable company as at the end of eaeh finxntial year and ol rts surplus or defitit for each financial year in ar£ordan¢e wrth the requirements of Sections 394 and 395 and which othèNiise comply wth the requirements of the CompanTres Act 20C relating lo a¢counls. 50 lar as applicable to thg thaiitabte cornpany. The members have noi requi the ¢ompany ts obl3 an audrt of 11$ ffinancyal slaternents for the year in question in accordance with sedK>n 476. These finanaal statements have bÈen prepared in accordance ¥Ath thè pmwsions apPIable to companiès subject lo the small companies regime. The notes on pages 11 to 24 form part ofihese financ1 statements. The firkincial staiements were approved by the Trustees on 29 Juty 2024 were signed on its behalf by.. gntd by." **F1614U1WI.. &I2FIEsE1B2_ L Clark Tru$tee Trusteè Company registration numbèr 06203804 10-
DooJ$iw En¥elcpe10." 24AF3E27-51614&47-BDD&4l47s3BG MANOR HOUSE DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting polici•s Legal Ststus London Development Trust. whth is registered in the United Kingdom {company number 117368911 was 3 wholly owned subs'diary until 10th April 2022. The prinrypal a¢tiW of London Devek)pmenl Trtjst is that ol a community ¢enlre. Manor House Developmenl Trust ceased io havè significant ujnirol on the wholly owned subsidiary Ir<)m 11th April 2022. From that date. London Development Trust is the parent Gharily ol Manor Hol Dèvelopment Trust. Accounts are filed wrth the Registrar of Compans. The MHDT Tfuslees have made SignifnI changes io the Memorandum and Ariides of Ihe Tntst. MHDT has changed its relationship with London Devetoprneni Trust. These changes have been made lo ensure ffinancial sustainability and intrease transparency of govemare arrangements a(¥055 the group. 1.1 Accounting convention The financial staternenls have been prepaied in accordarKe th the tharilable companvs ggveming document. the Companies Ad 20(. FRS 102 "The Finanoal Rèporting Standard alCable in the UK and Repuwic ol Iieland. fFRS 102 J and the Charities SORP -Ac4)unting ar)d Reporting by Charities.. Statement of Rè¢fjmmende¢J Practi¢e applicable to charilies preparing their actovnts in accord3n¢e wilh the Financial Reporting Standard applirablè in the UK and Reputyic ol Iieland IFRS 1021" leffedTrve 1 January 20191. The ¢haritable company is a Public Benefit Entity as defined by FRS 102. The financial statèmènts are pPared in steding. which ts the fundional ojreney of Ihe ¢harilabl$ ¢ompany. Moftètary amounts in these financial statements are roundèd to the neast £. The financial slalements have been prepared under the fustorical cost conventv)n. The prinapal )untIng poliuès adopted are sel below. 1,2 Going concern The Chari5 financial Statements show net surplus of £71.658 for the year12023- net deficit of £11,891) and free reserves of£30.44512023- negalive £50.8341. Al Ihe beginning of the year MHDT joined the London Development Trusi Group of Charrtable Companie5. As a part of Ihi5 proces5 a TUPE Transfer of all existing MHDT staff took a¢e with staff Iransferring to London Development frust. Salaries made up the rnajority of expenditure for lrtanor House Development Trus¢ and this move significantly reduced the amount of finafi that the Trust needed to continue as a going concem. At the Redmond Community Centre, Ihe Irustees are taking steps to re(luce costs and secure additional grant funding so thal the charity is able to operale on a salisfactory basis. This indu*Jes changes in layout to the Redmond Comrnunity Centre which will promde extra space for rentals. MHDT alongside London Oevelopment Tiust is Implementing a new 0Tr4ine marketing system which wll promole the RCC and il is anticipated thal this will Inuease bookings at Centre. The online booking system reduces the need for staff to invoice customers directly and will flee up lime and resources lo help market the RCC locally. In addition, Trustees took the decision lo cjose its swal enterprise Woodberry Blooms which had not be able to produce 3 surplus. The retail unit in which Woodberry 81ooms was based has now found a new tenant which will bring income into MHDT. The Tnjst has a long-lerm partner projeci io occupy its retail unit èt Hombeam House on Seven Sisters Road. 1.3 Charitable funds The general lund comprises those monies. may be used tWard meeting the chariiable obj'ectives ol the company at the discretion ol ihe Management Board. The restricled funds are mon$ raised for. and Iheir use reslricted to. a specific purpose or donations subje io donor imposed conditions.
DOcjn En¥dopÈ ID.. 24AF3E27_51644847.8DD&DFF41K476386 MANOR HOUSE DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting poli¢ies IC<)ntinuodl 1A Income Grant income Grants are crediled to the SOFA when Ihe charity is entilled to Ihe funds. Income is only deferred where there are time constraints imposed by Ihe donor or rf ihe fundin9 is perforn)ance related. Wnere enlillemenl to grants ieceNatAe is dependent upon fUlMent of conditK)ns within the charity's control, the income is recognised when ihere is suffioenl evidence that condiiions will be mel. Grants supportirKJ the core actIlIeS of the charity and.with no speofic restrithons placed upon their use are induded within donations and legaaes. Grants thal have speufic resltithons placed upon Iheir use are induded within income from charitae aclivilies. Capital granls for the purchase of fixetl assets are crediled to restricled incoming sourCES on the earfier date of when they are received or receivable. DepreCal)n on ihe relaled fixed assels is charged agaip.sl the restrKled fund. Donations and legacies Dtsnalions are COgniSed in the period in which they are received. Legacy income is reco9nised when the Charitys Èntillement is judged to bÈ probabje and where the amounl can be reliabjy measured. Contract income Incorne from charrtable aclmties irK4ude income recognised as earned {as the felated gc4Jds and services are provided) under contract. Room hire and service ¢har9e Income Room hire and service charge income are ¢yedited to inoyne in Ihe year in which they are receivable. Investment income Investmènt irh¢ome is induded when rÈcÈlble. 1.S Expenditure Expenditure is recx)gnised once there is a legal or $InIcti OlgatiOn to transfer economi¢ benefit to a third party. it is probable thal a Iiansfèr of econom nefitS wll be required in settlemènt, and the amount of the obligation ran be meaSUd relwbly. EXpendvre Is dassified LFnder the lo11tin9 acti*ily headings-. Cost of raising funds cA)mprises cosls of 5eekin9 gfants and donations and, space hire and their assoaated support $t$. Expendrture on cha¥itable acliwts indudès the costs diredty assoeiated carrying oul activities that champion and ets)nomic regeneration ac11tieS in North Hathney includirng runnirbg The Redrnond Cornmunity Centre. to lurlher the purposes of Ihe Charity and their aSSl3ted support costs. Irrecoverable VAT is charged as a c05t against the activity forwhich the èxpendiluTe wa5 lncAJfd. Allocation of $upport costs Support costs are those functions that asslst the work of the charity bul do nol direcdy undertake charitable aclivitiÈs. Support tA>sts indude bath offic£ costs. rinante and adminislration personnel, payroll and govemance cos15 which supporf the Charity5 programmes and adikibes. These costs have been allocated beeeft cost of raisirng funds and expendilure on ¢harilaNe actmties. All the general supptsrt and govemance costs have been apportioned to the varws tharitable aclivities on the basis of staff tirne alfocaled lo each actiwty. 12-
DorJAgn En¢)pe1o.. 24AF&27_5l6H8474DDFF4(C47636 MANOR HOUSE DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 1.6 Tangible fixed assets Tangible fixed assets lexduding inveslmentsl are stated at cost le55 depreoatK)n. The c05t of minor addibons or those costing less than £250 are not C3PrtalisÈil. Dèpreaation is prowded at rates calculated to write off the CQ51 ot valuation of fixeij assels. less their estirnaled residual walue. over Iheir expeded useful Iwes on the following bases.. Leasehold prOty Fixiijres and fittings 9.5 years 6 years Fixed asset vestments afe inrtially measured at transacaion pneA exduding transath.on costs. and are subsequenily measured al fair value at eath reportln9 date. Changes in fair value * recogniset1 in net in¢omellexpendrturel for the yeaf. Transadion Costs are expensed as in¢urred. Fixed asset inveslmenls are staled al cost less prws)n for dwninution in value. 1.7 Stocks Stocks are stated at the lower of c05t and estimated selh'ng price less costs to complele and sell. Cost comprises direct materials and. where applicable. direct labovr cosls and those overheads that have been incurred in bringing Ihe 51ocks to Iheir presenl location and condibon. Items held for disln'bLttion at no or nominal consideration are measured the bwer of replacement cost and cost. Nèt reah'sable valuè is the eslimated selfing pri( less au estimated costs of completion 8nd eA)Sts to be in¢uired in markelJ"ng. selling and distribution. 1.8 Cash and cash equlvalents Cash and cash equivalents include tash in hand. dep05rts hÈJd at c1 wilh banks. Olljer short.lerm liquid inveslments with original maturitre5 of three rnonlhs or les5. and bank overdrafts. Bank overdraft5 are shown within btsrrowings in current liabilib"es. 1.9 Financial instruments The Trust only has financial assets and finanaal liabilities of a kind that qualify as basic finanaal instrumenls. Basic finanaal instruments are initially recognistd at transaction value and subsequently measured at their settlement value with the exceplion of bank loans which a subsequently meas¢Jred at amortised cosl Ltsing Ihe effective Inte$t method. 1.10 Taxation Thè Charity is a registered charity and, therefore, is not Irable foi Income Tax or Corporation Tax on income dèrived from its charitable actiwties, as rt falls within the ¥arv)us exemptsons available to iegistertd charities. 1.11 Voluntèets and donatèd services and fatilitiÈs Donated professional seNces and donated faalities are recognised as income when the charily has conlrol ovèr the item. any conditions associated wth the donated item have been met. ihe receipt of economic benefit from the use by the charity ol the ilem is probatAe and Ihal econornic benefit can be measured reliably. I accordance with the Chanties SORP (FRS 1021. the general volunteer trme are not fecognisèd 8nd refers to the trustees. annual ieport for more inlonnation about their Conlributft_ On receipt. donated professional services and donated faolib"e5 are recogni5ed on the basis of the value of the giff to the charily which is the amount the charity would have beer willing to pay lo obtsin services or facilities of equivalent economic benefrt on the open market,. a corS11n9 amoun¢ is Ihen recognised i) expenditure in the period of receipt. 13-
OooJ$w En%tlrye10.. 24AF3É27.51644847.8DD&4CC7s3BG MANOR HOUSE DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 Aecounting policies {Continuèdl 1.12 Creditors and provisions Creditors and prow5ions are recwwsed where the drity has a present obligation resulting from a past event that wll probabty result in thè transfei of furbds to a t.1 party and the amount due to settle the obligation can be measured 01 e5timaled relially. Creditors and pl0S1onS are normally cOgnised at Iheir settleTnenl amount after allVIng for any trade dis(xJunts due. 1.13 Pension The charity operates a defined contributton pensK)n scheme on behalf of its employees. Contributions are charged to the Statemènt of Financial Adnrities in Ihe period in which they are payable. The assets of the stheme are held separately from those of ihe thanty in an independentty alministed fund. 1.14 Debtor5 Trade and other deblors are recognised at the settlement amounl due after any trade discount offered. Prepayments are valued at the amount prepaid net ol any trade discounts due. Critical accounting estimates and judgements In the app11pAt ol the charitable company's acojunting pofiaes. the trustees are required to make judgements. estimates and assumptions about the Carn9 amount of assets and liabilities Ihal are not readily apparent frorn other sources. The eslimales and associaled assumptions are based on historical experience and other faclors that are cwsidered to be relevanL Aclual res may drfer from these estimales. The estirnales and underfyiry assumptions are rev7ewed on an ongoing basis. Rewsions to acc£Junting estimaies are rec4Jgnised in ihe period in whith the esiimate is revised where the re$lon affects only that period, or in the perKJd of the revision and fulure pÈriods where the reM5i0n affeds both current and futuré periods. Donatian$ and lego¢ies Unrestricted Restrictrd fvnds funds Totsl 2024 Totsl 2023 Donations and gifts London Borough ol Hackney Donab'on5 Nolling Hill Genesis Locality Grant Donalions in kind 30.CK)O 453 60.IX)O 10.(K)O 22,&)0 30,OOLI 578 60,000 453 10.C 22.(XKJ 112.453 lo.]0 122,453 90,576 For the yèarended 31 March 2023 SY).576 90,576 The charity is indebted to several ofganizations who prowde Semces to vulrnerable househokls. i.e. food, iK)oks. art packs. hygiene products. refeffing volunteers. prowding training for slaff. The walue placed on this donation in kind is £22.000 12023 - £nill. The incorne equalentS are TeGo9nised wilhin inc4)me from donatn$ and ¢orresponding tharges dded within expendrture as support costs. 14-
DouJ5iw En¥tlope Tr. 24hF3E27.516ts4847.BOLWFW76 MANOR HOUSE DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 Charftsble actlvitie$ Empo*trlng Connèctlng Space Totsl 2024 Total 2023 Bèrkèley Homes Contract Income Income from Hidclen River FestNal London Borough ol Hackney Notting Hill Genesis The 819 Bike Reviwal The Mayor's Fund for London Space hire 20.)5 1,920 22,825 535 1.407 30,8 8,020 1,407 60.746 10,440 1.920 2.420 27,930 21,778 22,499 2,250 2,275 130.114 2.000 170,408 170.408 63,228 6.260 198.338 267,826 179,451 Anatysis by fund Unrestricted funds Restricted funds 1.407 61.821 198,336 199.745 68,081 147.069 32.382 6,260 63,228 6.260 198.338 267.826 179.451 Forthe year ended 31 Alarch 2023 Unreslricled funds Re51ricled funds 1.955 31.017 145.114 I47,(9 32.382 32.972 1.365 145.114 179.451 Other trading activities Unrestricted funds Total 2024 Total 2023 Managemenl charges 12,050 12,050 27,756 12,050 12.050 27,756 For the year ended 31 March 2023 27.756 27,756 15-
Énvelope D.. 24AF27.5l6¥l847-DD&OFF4lK476386 MANOR HOUSE DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Ralsing funds Unre5tricled funds Total 2024 Totsl 2023 Stsff cost5 Share of SupKxyI costs Share of Goverance costs 49.678 6.894 49.678 6.894 3.984 71,3 4,638 2,188 60,556 60,556 78,729 For thè year ended 31 March 2023 Fundraising and publicity 78,729 78,729 78,729 78,729 Charitable activitres Empowering Connecting Space Totsl 2024 Total 2023 Staff costs Other direct ¢osls Premise5 and equipment costs Oiscounl on charitae space hi 52.238 22.$40 9.453 55.549 26,510 71,248 3.226 107,787 54.7 80,701 3,226 85.186 47,596 67,657 14,456 5.740 84.231 5.740 156.$33 246,504 214.897 Share of sUPPOrt costs {5ee note 81 sha ofgovernance St$ {see note 8) 7,709 4.453 14,965 8.646 7,102 3.353 4,193 95.680 5,740 166.695 270,115 225,352 Analysis by fund Unrestricted funds Restncted lunds S4,199 41,481 5.740 125.809 42.886 185,748 84.367 126.545 98,807 95,680 5,740 168,695 270,115 22S,352 For the year ended 31 March 2023 UnrÈstricled funds Restricted funds 19,736 35,481 7,874 98.935 63,326 126.545 98.807 55.217 7.874 162.261 225,352 16-
D¢)Cl En¥01. 24AF3E27.516&W74DD&0FF44765 MANOR HOUSE DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs Thè Charity inibally identifies the costs of its support functions. It then identifies those costs which relate to the governance funclion Governance cosls and other support CQSts are apportioned separately beeen tharily's key activity undertaken {see note 7) in the year. All thè general support and govèmance costs havè been
pportioned lo the various charitable actM1 on the bays of staff time alk)G3led to each ackn"wty.
Support Governance costs Costs Total 2024 Tolal 2023 Stsff costs Depreaalion Premises and equipment costs Information Tethnology arnd KbSite Legal and Professional Fees Miscellane¢)us Expenses Independent examlnefs fees Trusiees. expense5 9.3S 3.734 9,39) 18,780 3.734 S,54 1.538 SD 3,308 95 2.701 2.701 1.800 2.304 5.170 3.240 4,080 218 21.859 12.630 34,489 17,281 Analysed between Fundraing Charitablè activities 6.894 14, 10.878 23.611 6,826 10,455 8,646 21,859 12.630 34.489 17.281 Net movement in lund$ 2024 2023 Net movement in funds is slaled after ¢hargingllrxethiing} Depreciation ol owned tangible ffixed assets 3.734 1,538 Independent examinerfs lees Independent examination Olher SeNices 3.240 1.930 3,(KlO 1,080 5.170 4,080 17-
D(xusign En¥dope ID.. 24NF3E27.516HS47.8DDFF4l47fj3B6 MANOR HOUSE DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Employees The average monthb number ofemptoyees during the yw was" 2024 Number 2023 Number Empowering Space Influencing Fundraising Supp1 and 9ovemance Totsl Staff costs 2024 2023 Salaries Nalional Insurance Pensiorn Seconded staff 11.626 611 325,742 26,879 24.027 1214.0131 164.QO8 176,245 162,635 The avèrage monlhly nurnber of lsonS employed by the company during the year was 1 12023- 14). None ol thè trustees received any remuneration during the year. None of the trustees recerved reimbursement ofexpènses during the year {202& One tnjstee received £218). The k¢y management personnel of the tharity comprises of ihe Chiel Exeujiive Offiw, Director and Financè Manager. The lolal employee benefils of the key management personnel of the charity includin9 seconded slaff were £32,672 {2023- £47,821). During the year charity paid lo Ihe related d)arity, London Development Trust, £164,00812023- £214.013 recEived from London Developmenl Trustl for seconded staff. The number ol employees whose annual reNwneratu)n was more than £60.CKKJ is as follows.. 2024 Number 2023 Number £80,000 to £90.C(¥J 18_
Do¢u$vJn En¥010." 24AFJE27.S1W847DDDFf4476 MANOR HOUSE DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Other Expenditurn Total 2023 Other expenditure 5,593 5.593 For the yèar èndtd 31 Maf¢h 2023 5,593 Of the £5,593 expenditure in 2023. it was fulty charged to unrestsicted funds. This expenditure represented a bad ¢Jebl prowsion towards inler-company debtor balance due fiom the s¢Jbsidk2ry Woodberry 81ooms Ltd. written off to expeThJilure durir4J the year 2023. The sUbslary Woodberry Blooms Lld. ts now tjissolved on 19 December 2023. 12 Tangibk fixed assets Lwhold Flxturos and prgwrty flttln95 Total Cost At 1 April 2023 Addilions Disposals 24.872 39,381 399 {6.6031 64,253 399 {6,6031 At 31 March 2024 24,872 33.177 58.049 Oepreciation and impaimwrt At 1 April 2023 Depreciation charged in the year Elirninated ift ie$pect of disposals 36.160 1,116 {6.603) 36,160 3,734 (6.6031 2.618 At 31 March 2024 2.618 30,673 33,291 Carrying amount At 31 Mar¢h 2024 22.254 2.504 24.758 At 31 March 2023 24.B72 3,221 28.093 Leasehold Pfoperty includes nel book value of leasehold property previousty occupied by wholly owned subsidiary Woodberry 81ooms Lld. The property was transferred to Manor House Development Trust on the Closing ol the subsidiary company on 31 Mard) 2023. The subwdiary company prepared its last set ol aCCOlbnts for Ihe year ended 31 March 2023 and was dissolved on 19 December 2023. The onginal lease started in Septèmber 2018 and njns up to September 2032. DÈpretiation 15 charged over the remaining pernjd of lease. 19-
OV4n Enydcpe ID". 24*F3E27-sIW8474DDFf4l476386 MANOR HOUSE DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) R)R THE YEAR ENDED 31 MARCH 2024 13 Net Income from Trading A¢tivifies of Subsidiary The wholly owned trading subsidiary b0dberry Blooms Limited, which wa5 registered in the United fjngdorn {company number 115493651. The prinapal activity of the subsidiary company was that of ower shop. The charity owned the entire issueil share capital of Ordinary Shares of £1 each. Accounls are ffiled with the Registrar of Companies. The Subdiary company prepad rts last set of accounts for Ihe year ended 31 Mareth 2023 and was dissolved on 19 December 2023. A surrunary of the trading results for the year erthd 31 March 2023 is sFth¥n bekjw: 2023 Income Cost of sales and adminisiration costs 2,746 139,3591 Net Loss 136,6131 Retained in subsidiary The assets and liabilities of the subsidiary were= Fixed assets Current a55ets CUrn1 h'abilrties 1161,271) Total net assets Bad debts and pro¥isKJn 1161,215) 161,215 Aggregate shafe catal and reserve5 14 Stocks 2024 2023 Raw malerials and consumables 200 550 200 SY) 15 Debtors 2024 2023 Amounts falling due within one yèar- Trade debtors Other debtors 37,303 47,358 37,583 47.638 -20-
ots19n Ell4*lcye ID. 24AF3E27.sI6ty4847oODFF40C4?63P6 MANOR HOUSE DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Creditors: amounts falling due wilhin onè yèar 2024 2023 Bank overdrafts Trade uedilors Amount lo cA)nne(Xed company Other creditors Accruals and deferred income 7.139 549 49,840 8,520 11,514 1,254 25,241 14,435 4,816 45,746 77,562 21
zulJÉir41eHI47&(WF7?5 MANOR HOUSE DEVELOPMENT TRUST NOTES TO THE FINANCIAL SYATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 17 Re8cted fu3 MDvemEnt knfuDd¥ ilovement NNS bk¥th E&sitcG HackneyC(wol The * eikERevrl Fhll Genes 42.695 13. l.E67 14D.OiUI 1677 2.677 2.250 21.1(Y) (1.360) 2,557 15.85J 2.557 10.410 3118 126,5281 125.41 11.6761 120.9UI {iO.L 129.1651 Ji The May5 FuTrJftyLLMthI Pqtke* h(W$ 1.¢X)7 227$ 22.823 10.OCO 32x2 23.421 78.051 (84.36n 17.135
MANOR HOUSE DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR SN0É0 31 AIARCH 2024 Icontknuedl NHS Il¢th Ea$iLoThth CCG. SL¥wlknthekK4lwT Th• BSk• R•vfv4t Priieato I)rJe L•r4on Borou4holHxkney. wtiit£Edtfrm4t#slv London BarougholNaekrWY. FrrfLTh. Th• MaFn01•rL04W. Sx4ArrtJ9r•ii pWQ*1r•71up•yw .23-
Doe1 En%kJpe10.' 24AF3E27_5I6l847.6o0WF4cC4783o6 MANOR HOUSE DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Analysis of net assets between fvnds Unrestricted Restricted funds fvnd$ Total Unrestricted Restricted 2024 funds fund$ Totsl 2023 Fund balances at 31 March 2024 are represented by.. Tangible assets Current assets10ialIIles) 24,758 24.758 28.093 28,093 30.445 17.135 47.580 150,8341 23.421 {27,413) 55.203 17,135 72.338 122.7411 23.421 19 Share Capital The crynpany is lirniled by guarantee and does not have a share Caal diwded by share5. 20 Pen$ions The penSn cosl cnarge eSents contributions payable by the charity lo the fund and amounted lo £nil {2023- £24,027). Contribut)ns totaling £nil (2023- £nill were payable to the fvnd at the year end. 21 Operating lease ¢ommilJnents 2024 2023 Mfithin one year Between two and five years In over five years 12.089 48,356 42.312 12.089 48.356 54.401 102.757 114,846 22 Related party transactions Details of Iransa¢tions wilh trn5tees are in note 10. During the year charity pai(J to the relaleil thafity. London Development Trust. £164,00812023 . reiVed from the rèlated charity £214.0131 lor secormled staff. At the balance sheet dale. the charity owed the relaled charity £25,241 12023- £49.8401. -24_
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DorJJsign Envelcpe10.. 24AP27-518H7-O0wF4(763B6 ity 1757.17 11767.1 .747.17 21¢9 pJ>l L46q46 L484.66 L4fj1.56 IL30£)1 17.65 JL?I 1350ty1 SbiEk 350ts) LW 14Q 1140th) 2SI 12J5 14rypyCoSh SMr¥yCtsM%W IL299 L299th1 li iiwj li 82WJ li •J7451 447451 lJÉ5ÉSI 365A5 Jffjp 123Q PAY.E. a475 550AIO J7