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Charity registration number 1127604
Company registration number 06203804 (England and Wales)
MANOR HOUSE DEVELOPMENT TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
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MANOR HOUSE DEVELOPMENT TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees Charity number Company number Secretary Senior Management Registered office Independent examiner Bankers Website |
A R Essex C E Selman (Resigned on 31/03/2024) J L Powell (Resigned on 15/11/2024) J R Arthur K Stave L Clark S Cheadle (Resigned on 14/11/2024) S Young G E Cleary (Appointed on 06/03/2025) 1127604 06203804 S P Donovan S P Donovan – Chief Executive Officer Dr Miriam Burke - Director S Kamaliporshokouh – Finance Manager Redmond Community Centre Kayani Avenue London N4 2HF Samir Shah FCA, ATII Ramon Lee Ltd Chartered Accountants 93 Tabernacle Street London EC2A 4BA Co-Operative Bank 15 St Botolph Street London EC3A 7QU http://www.mhdt.org.uk |
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MANOR HOUSE DEVELOPMENT TRUST
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 6 |
| Independent Examiner's report | 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 - 10 |
| Notes to the financial statements | 11 - 23 |
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MANOR HOUSE DEVELOPMENT TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
Objectives and activities
Founded in 2007, Manor House Development Trust (MHDT) has grown into the key partner for the delivery of social economic regeneration in its area of operation. It provides much-needed services for the local communities of North West Hackney, which although has gone permanent changes through its regeneration is still home to some of thef the most challenged residents areas in London and Great Britain. It is one of the most diverse London boroughs in terms of ethnicity.
The Trusts mission statement is:
"Manor House ·Development Trust is a community-led charitable Trust that works in partnership with local residents, community groups, voluntary sector and public agencies to bring about lasting social, economic and environmental improvements for the benefit of all in the Manor House area."
The main objectives of the Trust are:
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The relief of unemployment
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The advancement of education, training or retraining, particularly among unemployed people and providing unemployed people with work experience.
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The creation of training and employment opportunities by the provision of workspace, buildings and I or land for use on favourable terms
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The maintenance, improvement or provision of public amenities
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The provision of recreational facilities for the public at large or those who by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances, have need of such facilities.
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The protection or conservation of the environment.
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The provision of public health facilities and childcare.
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The promotion of public safety and prevention of crime.
The role and contribution of volunteers
A total of 50+ volunteers helped support the work of the paid staff and its Board Whilst not relying on volunteers to undertake any activity, providing volunteering opportunities for residents and service users is a key output for MHDT, as it allows MHDT to enhance and grow community services. At the same time volunteers gain valuable work experience for their CVs and report enhanced happiness and wellbeing in their every-day lives. The organisation seeks to involve volunteers across its work measuring the impact through its 'Empowerment' business strand.
Achievements and performance
Connecting - This keystone challenges the Trust and others to work together around common goals and Theory of Change.
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Hidden River Festival took place again in September 24 marking its 12 Year Anniversary. It attracted around 3000 visitors to its 2 stages, stalls and peripatetic acts. The Festival is a way local residents connect and was funded by though the local regeneration partnership.
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Winterfest took place in December and was a great success with around 500 residents attending and taking part in a range of activities.
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Woodberry Down Regeneration MHDT continues to play a key role in the 20-year regeneration of Woodberry Down. MHDT continues to attend various meetings such as communications and security. It produced monthly reports for WDCO the residents body.
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MANOR HOUSE DEVELOPMENT TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Empowerment - Most of the projects that MHDT manages fall under our Empowerment Keystone. Over the course of 2024/25 MHDT was able to deliver a variety of projects. Highlights include:
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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 local charities providing community meals continued throughout the year. We were the first charity in Hackney to partner with the Felix Project. Receiving the weekly deliveries has reduced stress for the communal meal leaders and allowed them more time to focus on organising and preparing for the meals, as well as ensuring a steady flow of surplus food coming into the Community Fridge. The project improves the health and wellbeing of the beneficiaries and improved each beneficiary's confidence in cooking and using different ingredients. It also encouraged them to cut down on meat and eat more vegetables and cook healthy meals at homes, as well as enjoying them as part of the project.
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Community Fridge: This project works to reduce food waste. Food which cannot be sold but is in date to be eaten is diverted from landfill and delivered to the Redmond Community Centre. 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 Redmond Centre.
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Woodberry Wetlands Health Partnership – MHDT took a lead role in building the partnership which seeks to connect local groups/residents/health professionals together to tackle health inequalities and enable access to statutory and voluntary services. MHDT continued to second a staff member to the Hackney CVS Team to carry out this successful health project.
Influence - This keystone refers to the ways that the Trust is influenced by those who benefit and use our services, coupled by how we use the information we collect and analyse to influence those with power and authority to make a difference to policy.
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Measuring impact remains a key objective for MHDT and all projects undergo a deliberate planning process to ensure that the social impact created is appropriately measured. MHDT focused on collecting data and evidence at key intervals of our project's life cycles.
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MHDT has implemented Plinth a new digital monitoring and evaluation system that will enable us to streamline and organise our monitoring and evaluation processes and assist in accurate reporting and safe data management. The teams across both sites have been trained in using the software.
Space - MHDT works in spaces it controls and across the public realm. MHDT continued to lease the Redmond Community Centre and 2 small shop units on the Woodberry Down estate.
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Redmond Community Centre (RCC) - MHDT continued to run the Redmond Community Centre which represented its main asset and venue for delivering community activities and raising revenues. Its lease of the building is not affected by governance changes outlined below.
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Employability - As part of its partnership with the London Borough of Hackney Works Team, MHDT has let one of the Redmond Community Centre offices to the Team to support their delivery of employability services, such as job brokerage and help with CVs and interview skills.
· Other Spaces
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Unit D, Residents Tower – MHDT the unit has now been let to a tenant providing barber services.
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Unit B, Hornbeam – MHDT was able to let the unit to a long term tenant providing educational services.
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Other Spaces - MHDT assisted groups to 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 durable wooden planters which MHDT funded.
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MANOR HOUSE DEVELOPMENT TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Legal Actions - MHDT was not involved/ 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 considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PD2)'. The achievements and activities above demonstrate the_ public benefit arising through the Charity's activities.
Financial review
There is net surplus for the year of £81,388 (2024 - £71,658) and reserves stand at £153,726 (2024 - £72,338). The financial position at the year revealed by the Balance Sheet shows net current assets of £132,702 (2024 - £47,580). The net book value of fixed assets held, all of which are used directly for charitable purposes, amounted to £21,024 (2024 - £24,758).
Agreement has been reached with LBH/NHG on a new contract for delivering community services on Woodberry Down. Out-Comes and Out-Puts have been revised to fit with wider Hackney and NHG objectives.
Reserves policy
The Directors and Trustees consider it prudent to maintain an adequate level of unrestricted reserves to cover the community centre's contractual commitments and provide sufficient working capital and have set this at minimum of six months expenditure approximately £100,000 (£200,000 per annum) for core running costs.
As at the year end, accounts showed reserves of £153,726 (2024 - £72,338), of which £21,985 (2024 - £17,135) was restricted. The unrestricted funds not designated or invested in tangible fixed assets held by the charity are £110,717 (2024 - £30,445).
The Directors consider that the Charity's reserves will enhance the services provided and provide financial security for the future.
Principal Funding Sources
Principal funding sources are currently:
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London Borough of Hackney
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Nothing Hill Genesis
Investment powers and policy
Under the Memorandum and Articles of Association, the charity has the power to make any investment which the trustees see fit. The trustees have considered the most appropriate policy for investing funds and have found that cash deposits meet their requirements to generate income.
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MANOR HOUSE DEVELOPMENT TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Plans for future periods
Community Projects
MHDT looks to engage the community in various ways. As well as the projects highlighted above the Trust delivered, Fitness exercise classes, Arts and crafts, Community festivals/cultural events, Gardening sessions, social clubs/groups, and Skill learning activities.
Fundraising
MHDT continued to apply for grants to fund a variety of community projects. It has implemented a Just Giving. Campaign to pay for other activities such as an Eid Party.
Impact
In order to improve the management and quality of our Impact and Evaluation, MHDT has invested in Plynth , an impact management tool which has allowed the Trust to streamline data collection processes, produce high quality impact reports and use the evidence and findings to develop a better understanding of the impact we have on the local community
HR & Governance
MHDT transferred all staff to London Development Trust and is no longer a direct employer of staff.
Group structure
The MHDT Trustees implemented significant changes to the Memorandum and Articles of the Trust which came into effect last financial year. MHDT has changed its relationship with London Development Trust. These changes have been made to ensure financial sustainability and increase transparency of governance arrangements across the group.
The advantages of this approach are that there is a very clear sense of where strategic responsibility sits, which is with London DT. MHDT is enabled to focus on its own local area, whilst benefitting from the strategic oversight of a board and management team with a pan London remit. The core management team can provide support to each subsidiary, as required, and recharge as necessary. This enables a relationship which is much more than just a commercial service provider.
During the year MHDT Trustees attended a Conference to discuss the possibility of the Group of London Development Trusts merging into a single entity. Discussions remain on-going.
Structure, governance and management
Governing document
Manor House Development Trust (the word 'Limited' being omitted by licence from the Department of Trade) is registered as a company limited by guarantee and not having a capital divided by shares.
The company was incorporated on 1st April 2007 and is a registered charity constituted as a Limited Company under the Memorandum and Articles of Association. The charity registration number is 1127604 and the company registration number is 06203804.
Recruitment and appointment of Trustees
MHDT believes it is important that trustees reflect the diversity of the local community. Therefore, trustees come from a range of backgrounds and interests including local community representatives and local stakeholders. New trustees are invited to stand for election or by introduction through services or by direct recruitment.
Over the year Samantha Cheadle and Jaime Powell both resigned from the Board of Trustees the Board extends its gratitude for the service given over the last few years. Grace Cleary was appointed as a Director and Trustee.
The directors of the organisation are also the charity trustees for the purposes of charity law.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
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MANOR HOUSE DEVELOPMENT TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Organisation
The company is structured so that the Directors and Trustees meet regularly in order to manage its affairs, with MHDT Board meeting approximately every quarter. The Management Board comprises individuals from a variety of backgrounds, stakeholders and users. Board members' backgrounds include care, advice and legal professions as well as finance and management.
Trustee induction and training
New trustees receive an induction pack outlining their responsibilities and duties and meet individually with the LDT Senior Management Team as part of their induction.
Related parties
The charity works closely with other similar organisations as detailed in the achievements and performance section of the Trustees Report. None of the charity's trustees are directors or trustees of these other organisations.
Pay policy for senior staff – All staff have TUPE’d to London Development Trust.
Risk Management
The trustees have assessed the major risks to which MHDT is exposed and are satisfied that systems are in place to mitigate exposure to such risks.
Trustees reviewed the risk register, which identifies the major risks to which the organisation is exposed, on a regular basis, documenting the potential impact of each risk, recording actions planned to reduce the potential impact of risks and monitoring progress of these actions.
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-term sustainability of the charity. In addition, the trustees have launched a recruitment drive so that a full complement of trustees is available to take MHDT on to its next stage.
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MANOR HOUSE DEVELOPMENT TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Statement of trustees' responsibilities
The trustees, who are also the directors of Manor House Development Trust for the purpose of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
The trustees' report was approved by the Board of Trustees and signed on its behalf by:
K Stave [briSigned9BB1208F8E8E4B2...by: Staue Trustee
20 November 2025
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MANOR HOUSE DEVELOPMENT TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MANOR HOUSE DEVELOPMENT TRUST
I report to the trustees on my examination of the financial statements of Manor House Development Trust (the charitable company) for the year ended 31 March 2025.
This report is made solely to the charity's trustees, as a body, in accordance with the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my Independent Examination, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1) accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or
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2) the financial statements do not accord with those records; or
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3) the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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4) the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Samir Shah FCA, ATII
Ramon Lee Ltd
Chartered Accountants 93 Tabernacle Street London EC2A 4BA
Dated: 20 November 2025
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MANOR HOUSE DEVELOPMENT TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted Restricted funds funds Notes £ £ Income from: Donations and legacies 3 75,980 - Charitable activities 4 224,242 98,144 Other trading activities 5 - - Total income 300,222 98,144 Expenditure on: Raising funds 6 76,293 - Charitable activities 7 147,391 93,294 Total expenditure 223,684 93,294 Net income for the year/ Net movement in funds 76,538 4,850 Fund balances at 1 April 2024 55,203 17,135 Fund balances at 31 March 2025 131,741 21,985 |
Total 2025 £ 75,980 322,386 - 398,366 76,293 240,685 316,978 81,388 72,338 153,726 |
Total 2024 £ 122,453 267,826 12,050 |
|---|---|---|
| 402,329 | ||
| 60,556 270,115 |
||
| 330,671 | ||
| 71,658 680 |
||
| 72,338 |
CONTINUING OPERATIONS
None of the charity’s activities was acquired or discontinued during the above two financial periods.
TOTAL RECOGNISED GAINS AND LOSSES
The charity has no recognised gains or losses other than the above movement in funds for the above two financial periods.
The notes on pages 11 to 23 form part of these financial statements.
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MANOR HOUSE DEVELOPMENT TRUST
BALANCE SHEET
AS AT 31 MARCH 2025
| Notes Fixed assets Tangible assets 11 Current assets Stocks 12 Debtors 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities Income funds Restricted funds 15 Unrestricted funds |
2025 £ 200 73,816 78,136 152,152 (19,450) |
£ 21,024 132,702 153,726 21,985 131,741 153,726 |
2024 £ 200 37,583 55,543 93,326 (45,746) |
£ 24,758 47,580 |
|---|---|---|---|---|
| 72,338 | ||||
| 17,135 55,203 |
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| 72,338 |
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MANOR HOUSE DEVELOPMENT TRUST
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
The company is entitled to exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.
The directors acknowledge their responsibilities for:
a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing accounts which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the charitable company.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The notes on pages 11 to 23 form part of these financial statements.
The financial statements were approved by the Trustees on 20 November 2025 were signed on its behalf by:
9BB1208F8E8E4B2... A6CF1674751D401... K Stave L Clark
Trustee Trustee
Company registration number 06203804
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MANOR HOUSE DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
Legal Status
London Development Trust, which is registered in the United Kingdom (company number 11736891) was a wholly owned subsidiary until 10th April 2022. The principal activity of London Development Trust is that of a community centre. Manor House Development Trust ceased to have significant control on the wholly owned subsidiary from 11th April 2022. From that date, London Development Trust is the parent charity of Manor House Development Trust. Accounts are filed with the Registrar of Companies.
The trustees have made significant changes to the Memorandum and Articles of the Trust. MHDT has changed its relationship with London Development Trust. These changes have been made to ensure financial sustainability and increase transparency of governance arrangements across the group.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charitable company's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charitable company is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
The charity's financial statements show net surplus of £81,388 (2024 – £71,658) and free reserves of £110,717 (2024 - £30,445).
The trustees are of the view that these results have secured the immediate future of the Charity for the next 12 to 18 months and on this basis the Charity is a going concern.
1.3 Charitable funds
The general fund comprises those monies, which may be used toward meeting the charitable objectives of the company at the discretion of the Management Board.
The restricted funds are monies raised for, and their use restricted to, a specific purpose or donations subject to donor imposed conditions.
1.4 Income
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MANOR HOUSE DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
Grant income
Grants are credited to the SOFA when the charity is entitled to the funds. Income is only deferred where there are time constraints imposed by the donor or if the funding is performance related.
Where entitlement to grants receivable is dependent upon fulfilment of conditions within the charity’s control, the income is recognised when there is sufficient evidence that conditions will be met.
Grants supporting the core activities of the charity and with no specific restrictions placed upon their use are included within donations and legacies. Grants that have specific restrictions placed upon their use are included within 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 receivable. Deprecation on the related fixed assets is charged against the restricted fund.
Donations and legacies
Donations are recognised in the period in which they are received. Legacy income is recognised when the charity’s entitlement is judged to be probable and where the amount can be reliably measured.
Contract income
Income from charitable activities include income recognised as earned (as the related goods and services are provided) under contract.
Room hire and service charge income
Room hire and service charge income are credited to income in the year in which they are receivable.
Investment income
Investment income is included when receivable.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified under the following activity headings:
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a. Cost of raising funds comprises costs of seeking grants and donations and, space hire and their associated support costs.
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a. Expenditure on charitable activities includes the costs directly associated carrying out activities that champion social and economic regeneration activities in North Hackney including running The Redmond Community Centre, to further the purposes of the charity and their associated support costs.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance and administration personnel, payroll and governance costs which support the charity’s programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. All the general support and governance costs have been apportioned to the various charitable activities on the basis of staff time allocated to each activity.
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MANOR HOUSE DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
1.6 Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. The cost of minor additions or those costing less than £250 are not capitalised. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold property 9.5 years Fixtures and fittings 6 years
1.7 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
1.10 Taxation
The charity is a registered charity and, therefore, is not liable for Income Tax or Corporation Tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.
1.11 Volunteers and donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, 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 time are not recognised and refers to the trustees’ annual report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
1.12 Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
1.13 Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
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MANOR HOUSE DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
2 Critical accounting estimates and judgements
In the application of the charitable company’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations and legacies
| Unrestricted Restricted funds funds £ £ Donations and gifts London Borough of Hackney 15,000 - Donations 980 - Notting Hill Genesis 60,000 - Locality Grant - - Donations in kind - - 75,980 - For the year ended 31 March 2024 112,453 10,000 |
Total 2025 £ 15,000 980 60,000 - - 75,980 |
Total 2024 £ 30,000 453 60,000 10,000 22,000 |
|---|---|---|
| 122,453 | ||
| 122,453 |
The charity is indebted to several organizations who provide services to vulnerable households, i.e. food, books, art packs, hygiene products, referring volunteers, providing training for staff. The value placed on this donation in kind is £Nil (2024 – £22,000). The income equivalents are recognised within income from donations and corresponding charges included within expenditure as support costs.
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Docusign Envelope ID: E94C833D-A8B8-499D-B29C-93EE2E79746ADocusign Envelope ID: FE336D00-F8EB-460D-8085-C704F56731E6
MANOR HOUSE DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
4 Charitable activities
| Empowering Connecting £ £ London Borough of Hackney 55,670 - Notting Hill Genesis 15,834 - Berkeley Homes 23,340 - Income from Hidden River Festival - - The Mayor’s Fund for London 2,200 - Space hire - - Groundworks 1,100 - Other income 1,039 - 27,679 - Analysis by fund Unrestricted funds 1,039 - Restricted funds 98,144 - 99,183 - For the year ended 31 March 2024 Unrestricted funds 1,407 - Restricted funds 61,821 6,260 63,228 6,260 |
Space £ 28,750 - - - - 192,971 - 1,482 194,453 223,203 - 223,203 198,338 - 198,338 |
Total 2025 £ 84,420 15,834 23,340 - 2,200 192,971 1,100 2,521 322,386 224,242 98,144 322,386 |
Total 2024 £ 60,746 10,440 22,825 1,407 2,000 170,408 - - |
|---|---|---|---|
| 267,826 | |||
| 199,745 68,081 |
|||
| 267,826 | |||
| 199,745 68,081 |
|||
| 267,826 |
5 Other trading activities
| Unrestricted funds £ Management charges - - For the year ended 31 March 2024 12,050 |
Total 2025 £ - - |
Total 2024 £ 12,050 |
|---|---|---|
| 12,050 | ||
| 12,050 |
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Docusign Envelope ID: E94C833D-A8B8-499D-B29C-93EE2E79746ADocusign Envelope ID: FE336D00-F8EB-460D-8085-C704F56731E6
MANOR HOUSE DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
6 Raising funds
| Unrestricted funds £ Staff costs 62,570 Share of Support costs 7,975 Share of Goverance costs 5,748 76,293 For the year ended 31 March 2024 Fundraising and publicity 60,556 60,556 Charitable activities Empowering Connecting Space £ £ £ Staff costs 25,760 - 56,048 Other direct costs 65,939 - 29,911 Premises and equipment costs 117 - 43,250 Discount on charitable space hire - - 1,722 91,816 - 130,931 Share of support costs (see note 8) 3,282 - 7,142 Share of governance costs (see note 8) 2,366 - 5,148 97,464 - 143,221 Analysis by fund Unrestricted funds 4,503 - 142,888 Restricted funds 92,961 - 333 97,464 - 143,221 For the year ended 31 March 2024 Unrestricted funds 54,199 5,740 125,809 Restricted funds 41,481 - 42,886 95,680 5,740 168,695 |
Total 2025 £ 62,570 7,975 5,748 76,293 Total 2025 £ 81,808 95,850 43,367 1,722 222,747 10,424 7,514 240,685 147,391 93,294 240,685 |
Total 2024 £ 49,678 6,894 3,984 |
|---|---|---|
| 60,556 | ||
| 60,556 | ||
| 60,556 | ||
| Total 2024 £ 107,787 54,790 80,701 3,226 |
||
| 246,504 14,965 8,646 |
||
| 270,115 | ||
| 185,748 84,367 |
||
| 270,115 | ||
| 185,748 84,367 |
||
| 270,115 |
7 Charitable activities
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MANOR HOUSE DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
8 Support costs
The charity initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function. Governance costs and other support costs are apportioned separately between charity’s key activity undertaken (see note 7) in the year. All the general support and governance costs have been apportioned to the various charitable activities on the basis of staff time allocated to each activity.
| Support Governance costs costs £ £ Staff costs 9,722 9,722 Depreciation 3,734 - Premises and equipment costs 63 - Information technology and website costs 1,704 - Legal and professional fees - - Miscellaneous expenses 2,015 - Independent examiner's fees 1,161 3,540 18,399 13,262 Analysed between Fundraising 7,975 5,748 Charitable activities 10,424 7,514 18,399 13,262 |
Total 2025 £ 19,444 3,734 63 1,704 - 2,015 4,701 31,661 13,723 17,938 31,661 |
Total 2024 £ 18,780 3,734 - 2,701 1,800 2,304 5,170 |
|---|---|---|
| 34,489 | ||
| 10,878 23,611 |
||
| 34,489 |
| 9 Net movement in funds Net movement in funds is stated after charging/(crediting) Depreciation of owned tangible fixed assets Independent examiner's fees Independent examination Other services |
2025 £ 3,734 3,540 1,161 4,701 |
2024 £ 3,734 |
|---|---|---|
| 3,240 1,930 |
||
| 5,170 |
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MANOR HOUSE DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
10 Employees
The average number of full time staff including seconded staff during the year was:
| The average number of full time staff including seconded staff during the year was: | ||
|---|---|---|
| Empowering Space Fundraising Support and governance Total Staff costs Salaries National Insurance Seconded staff |
2025 Number 1 2 2 1 6 2025 £ - - 163,822 163,822 |
2024 Number 2 2 1 1 |
| 6 | ||
| 2024 £ 11,626 611 164,008 |
||
| 176,245 |
The average monthly number of persons employed by the charity during the year was Nil (2024 – 1).
None of the trustees received any remuneration during the year (2024 - None). None of the trustees received reimbursement of expenses during the year (2024 - None).
The key management personnel of the charity comprises of the Chief Executive Officer, Director and Finance Manager. The total employee benefits of the key management personnel of the charity including seconded staff were £37,190 (2024 - £32,672). During the year charity paid to the related charity, London Development Trust £163,822 (2024 - £164,008) for seconded staff.
There were no employees whose annual remuneration was more than £60,000.
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Docusign Envelope ID: E94C833D-A8B8-499D-B29C-93EE2E79746ADocusign Envelope ID: FE336D00-F8EB-460D-8085-C704F56731E6
MANOR HOUSE DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
11 Tangible fixed assets
| Leasehold property Fixtures and fittings £ £ Cost At 1 April 2024 24,872 33,177 At 31 March 2025 24,872 33,177 Depreciation and impairment At 1 April 2024 2,618 30,673 Depreciation charged in the year 2,618 1,116 At 31 March 2025 5,236 31,789 Carrying amount At 31 March 2025 19,636 1,388 At 31 March 2024 22,254 2,504 |
Total £ 58,049 |
|---|---|
| 58,049 | |
| 33,291 3,734 |
|
| 37,025 | |
| 21,024 | |
| 24,758 |
Leasehold property includes net book value of leasehold property previously occupied by wholly owned subsidiary Woodberry Blooms Ltd. The property was transferred to Manor House Development Trust on the closing of the subsidiary company on 31 March 2023. The subsidiary company prepared its last set of accounts for the year ended 31 March 2023 and was dissolved on 19 December 2023.
The original lease started in September 2018 and runs up to September 2032. Depreciation is charged over the remaining period of lease.
| 12 Stocks Stock in hand 13 Debtors Amounts falling due within one year: Trade debtors Amount due from connected company Other debtors |
2025 £ 200 200 2025 £ 46,993 10,614 16,209 73,816 |
2024 £ 200 |
|---|---|---|
| 200 | ||
| 2024 £ 37,303 - 280 |
||
| 37,583 |
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MANOR HOUSE DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| 14 Creditors: amounts falling due within one year Notes Trade creditors Amount due to connected company Other creditors Accruals and deferred income |
2025 £ 2,454 - 13,456 3,540 19,450 |
2024 £ 1,254 25,241 14,435 4,816 |
|---|---|---|
| 45,746 |
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MANOR HOUSE DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
15 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
| Movement in funds | Movement in funds | Movement in funds | Movement in funds | ||||
|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Balance at | Incoming | Resources | Balance at | |
| 1 April 2023 | resources | expended | 1 April 2024 | resources | expended | 31 March 2025 | |
| £ | £ | £ | £ | £ | £ | £ | |
| NHS North East London CCG | 2,677 | - | - | 2,677 | - | - | 2,677 |
| The Big Bike Revival | 2,557 | - | - | 2,557 | - | - | 2,557 |
| Notting Hill Genesis | 15,888 | 10,440 | (26,328) | - | 15,834 | (15,554) | 280 |
| London Borough of Hackney | - | 32,816 | (25,417) | 7,399 | 55,670 | (50,587) | 12,482 |
| The Mayor’s Fund for London | 2,299 | 2,000 | (1,678) | 2,621 | 2,200 | (872) | 3,949 |
| Berkeley homes | - | 22,825 | (20,944) | 1,881 | 23,340 | (25,181) | 40 |
| Locality Grant | - | 10,000 | (10,000) | - | - | - | - |
| Groundworks | - | - | - | - | 1,100 | (1,100) | - |
| 23,421 | 78,081 | (84,367) | 17,135 | 98,144 | (93,294) | 21,985 |
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MANOR HOUSE DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
15 Restricted funds
(Continued)
Description, nature, and purpose of restricted funds:
NHS North East London CCG : Project to provide wrap around care and support to the local community.
The Bike Bike Revival : Project to provide training on how to ride and care for bikes. London Borough of Hackney : Hackney's Got Talent for YOF project delivering a talent show.
London Borough of Hackney : Asylum Seeker Support Innovation community kitchen project for asylum seeking.
London Borough of Hackney : Match funding for the My Place Woodberry Down Youth Forum. The Mayor's Fund for London : Kitchen Social Annual grant Project(partnership agreement). Berkeley homes: Match funding for the My Place Woodberry Down Youth Forum. Notting Hill Genesis: Match funding for the My Place Woodberry Down Youth Forum.
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MANOR HOUSE DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| 16 Analysis of net assets between funds Unrestricted Restricted funds funds £ £ Fund balances at 31 March 2025 are represented by: Tangible assets 21,024 - Current assets/(liabilities) 110,717 21,985 131,741 21,985 |
Total Unrestricted Restricted 2025 funds funds £ £ £ 21,024 24,758 - 132,702 30,445 17,135 153,726 55,203 17,135 |
Total 2024 £ 24,758 47,580 |
|---|---|---|
| 72,338 |
17 Share Capital
The company is limited by guarantee and does not have a share capital divided by shares.
18 Pensions
The pension cost charge represents contributions payable by the charity to the fund and amounted to £nil (2024 - £nil).
Contributions totaling £nil (2024 - £nil) were payable to the fund at the year end.
19 Operating lease commitments
| Within one year Between two and five years In over five years |
2025 £ 12,089 48,356 30,223 90,668 |
2024 £ 12,089 48,356 42,312 |
|---|---|---|
| 102,757 |
20 Related party transactions
Details of transactions with trustees are in note 10.
During the year charity paid to the related charity, London Development Trust, £163,822 (2024 - 164,008) for seconded staff. At the balance sheet date, the charity was owed £10,614 by a related charity (2024: £25,241 was owed by the charity to the related charity).
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