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2021-12-31-accounts

MANGREEN TRUST ANNUAL REVIEW AND DIRECTORS’/TRUSTEES’ REPORT FOR THE YEAR ENDED 31[ST] DECEMBER 2021.

Covid 19 continues to have a devastating impact on charities and Mangreen has been no different. For the first 4.5 months of the year the site has been closed to the public and moving back to on-line gatherings where possible. The Trust’s Retreat Centre/Bed & Breakfast facility has been crippled by the pandemic as people have been afraid to travel, which has led to the Trust having to put its redevelopment and charitable endeavours on hold to preserve funds going forward. The Trust has had to provide financial support to its Retreat /bed & Breakfast facility as we see nearly all of our staff furloughed.

Our natural produce shop has had to close for long periods as the site closed and volunteer involvement stopped.

With the site re-opening in the middle of May 2021, the conference rooms hosted a full range of activities including training events, and business meetings. With our partners we have provide Reiki training, crystal training, Mindfulness events, our spiritual programme. All our classes re based around our spiritual heritage.

During the pandemic, the Trust has continued to provide monthly ‘Reflective Gatherings on-line via one of its Trustees, which serve to maintain continuity and fulfil an important need for a spiritual and social meeting place for a steady and increasing community.

We are pleased to report that after the first quarter of 2021 the trust is entering in to a more stable environment, Trustees have confidence in the future of its wellbeing and community projects as well as in sustaining the success of its revenue-generating activities.

The Trust continues to refine its business systems and staffing provision to meet the ever-changing needs of the Trust. During 2021 Trustees and the management team will develop and expand a new cycle of enhanced community involvement.

Chair of the Trustees: ………………………………………………………………….

Trustee: Mrs S A EAGLE

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Trustee: ………………………………………………………………………………………………

Date: 13/08/22

ORCHARD ROOM USERS IN 2021.

The Green Therapy Room Wellbeing Group Norfolk Moth Survey group. Man shed charity. National Trust volunteers group Relate Norfolk and Suffolk. Training. Norfolk County Council Children’s’ Services. Training days including Sensory Support group, EHCP, disabled children’s and other strategy groups. Private Parties and anniversary celebrations. NCC Adoption and family finding unit. Mancroft Advice Project (MAP). Simon Delph : Leading to change group. Norfolk Carers Support. Wensum Society . Norfolk Speech and Language Therapists. NCC : SEND and ANDP groups. NCC : Norfolk Youth Offending Team. Norfolk Community Health and Care NHS Trust : Training days. Relate Barnardo’s NASS, National Ankylosing Spondylitis Society NHS induction training The Matthew Project Halfway School of Reflexology NORFOLK-DEDZA School Links Charity

signed: Sue Eagle Chair of Trustees Mangreen Trust

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Company Registration Number 2178410 Registered Charity 297985

MANGREEN TRUST

DIRECTOR’S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

Page 1

COMPANY INFORMATION

DIRECTORS

Mr Timothy Eagle Mrs Angela Mary Sellens Drake Mrs Susan Ann Eagle Mrs Sarah Caroline Coleman Mrs Barbara Trevanion

COMPANY NUMBER 2178410

REGISTERED OFFICE Mangreen Hall North Swardeston Norwich Norfolk NR14 8DD

Page 2

CONTENTS

DirectorsReport 4
Accountants Report 5
Statement of Financial Activities 6‐10
BalanceSheet 7
Notes to the Financial Statements 8‐10
Detailed Profit and Loss Account 10‐11

Page 3

DIRECTORS REPORT FOR THE YEAR ENDED 31[ST] DECEMBER 2021

The directors present their report and financial statements for the year ended 31st December 2021.

PRINCIPAL ACTIVITY

The principal activity is the promotion of healing and good health

DIRECTORS

The directors who served during the year are as stated below

Mr Timothy Eagle

Mrs Angela Mary Sellens Drake

Mrs Susan Ann Eagle

Mrs Sarah Caroline Coleman

Mrs Barbara Trevanion

The directors are also trustees of Mangreen Trust

DIRECTORS’ RESPONSIBILITIES

Company law requires the directors to prepare financial statements for each financial year which give a true and fair of the state of the affairs of the company and of the income and expenditure for that year. In preparing these the directors are required to:

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

This report is prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

This report was approved by the Board on

and signed on its behalf by:

Page 4

Accountants Report to

The Trustees of Mangreen Trust

I have prepared, without audit, the accounts for the year ended 31st December 2020 as set out on pages 6 to 10, and I report that they are in accordance with the records, information and explanations given to me.

The notes on pages 8 to 10 form part of and are integral to these accounts.

Aldous & Saunders Ltd

First Floor Vanquish House Wellesley Road Tharston NR15 2PD

Page 5

STATEMENTS OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st December 2021

INCOMING RESOURCES 2021 2020
Donations and Bequests 13
Activities to further the charity’s objectives
Earningfrom services supplied 11,495 11,630
Membership fees 43,353 31,612
COVID‐19 Gov Grants 36,029 33,805
Other incomingresources 625 1,561
TOTAL INCOMING RESOURCES 91,502 78,621
RESOURCES EXPENDED
Charitable expenditure
Cost of activities in furtherance of charity’s
objectives		 500 880
Management and administration of charity 53,185 65,220
Total resources expended 53,685 66,100
NET INCOMING(OUTGOING) RESOURCES 37,817 12,522
Fund balances brought forward 1,211,404 1,198,882
FUND BALANCES CARRIED FORWARD 1,249,291 1,211,404

The financial statements on pages 6 to 7 were approved by the Trustees on and were signed on their behalf by

Page 6

BALANCE SHEET AT 31st December 2021

2021 2020
£ £ £ £
FIXED ASSETS
TangibleAssets 1,078,103 1,090,127
CURRENTASSETS
Stock 800 800
TradeDebtors 9,314
Owed bySubsidiary 131,708 101,645
Prepayments and accrued income
Cash at BuildingSocietyand cash in hand 35,308 25,612
177,130 128,057
CREDITORS(due within oneyear)
Trade Creditors
AdvancePayments 6,368 6,203
Loans Outstanding
Accruals and Provisions 578 577
6,944 6,780
NET CURRENT ASSETS(LIABILITIES) 170,186 121,277
NET ASSETS 1,249,291 1,211,404
CAPITAL AND RESERVES
CapitalReserve
RevaluationReserve 1,000,000 1,000,000
Revenue Reserve at 1stJanuary2019 211,404 198,882
Income and Expenditure Account Surplus
(Deficit) for the year to 31st December
2019		 37,817 12,522
1,249,201 1,211,404
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1

The Trustees of Mangreen Trust hereby certify that the Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2020. The Trustees have not required the Company to obtain an audit of its financial statements for the year ended 31st December 2020 in accordance with Section 476 of the Companies Act 2006. The Trustees acknowledge their responsibility for:

(II) preparing financial statements which give a true and fair view of the state of affairs of Mangreen Trust 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 financial statements, so far as applicable to Mangreen Trust.

Signed

Page 7

NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st December 2021

1 ACCOUNTING POLICIES

1.1 Accounting convention

The financial statements have been prepared in accordance with the historical cost convention with the exception of the freehold property, the value of which is stated in Note 2 below.

1.2 Taxation

The Trust has no liability to corporation tax due to its charitable status.

1.3 Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Freehold building Building improvements etc. Plant and office equipment House contents GMLC and candle chapel The new orchard room

Nil 15% reducing balance 15% reducing balance 15% reducing balance 15% reducing balance 7.5% reducing balance

2. FIXED ASSETS

In February 2014, Messrs Irelands (chartered surveyors and valuers) prepared an informal valuation of the current market value of the freehold property which was donated to The Trust in 1987, at no cost on formation of the Trust, under Deeds of Gift together with subsequent building costs of the Global Meditation Light Centre and the rebuilt Orchard Room. In their opinion the market value was £1,000.000 (one million pounds) for the building and grounds. The directors consider the valuation given by Messrs Irelands of £1,000,000 to be a fair value.

Page 8

2 FIXED ASSETS (Continued )

Freehold Property £
Mangreen Hall – Land and Buildings as acquired on formation
Of the Trust at no cost
Valuation as at 31st December 2020 1,000,000

Other Tangible Fixed Assets

New Office
Fixtures &
Grounds		 Plant,
Office and
shop
Equipment		 House
Contents		 GMLC &
Candle
Chapel		 New
Orchard
Room		 Total
COST £ £ £ £ £ £
As t 1stJanuary2021 164,545 12,904 13,590 21,878 116,617 329,534
Addition inyear
Disposals inyear
As at 31st December 2021 164,545 12,904 13,590 21,878 116,617 329,534
ACCUMULATED
DEPRECIATION
As at 1stJanuary2021 110,601 11,872 13,590 18,994 85,350 240,407
Charge foryear 8,092 155 433 2,345 11,024
As at 31st December 2021 118,693 12,027 13,590 19,427 87,695 251,431
NET BOOK VALUE
31st December 2021 45,852 877 0 2,451 28,922 89,127
1STJanuary2021 53,944 1,032 0 2,884 31,267 78,103
Total Fixed Assets at 31st
December2021		 1,078,103

Page 9

3. (a) EMPLOYEES

The average number of staff employed and financed by The Trust during the year to 31st December 2020 was (1) full time and (1) part time, (the year to 31[st] December 2019 was (1) full time and (1) part time)

2021 2020
£ £
Employment Costs Wages, Salaries and Social Security
Trust’s Pension Costs		 41,600 42,452
Total Employment Costs 41,600 42,452

3. (b) TRUSTEES/DIRECTORS

The remuneration paid to trustees and directors was £31,152 (2019:£29,820)

4. RELATED PARTIES

The Trust wholly owns a subsidiary, Mangreen Country House Retreats Ltd and £nil (2020:nil was received from sales (VAT exclusive) and £nil (2020:£nil) paid in purchases during the year.

5. COMMITMENTS

Commitments to long term leases at 31 December 2021 were nil (2020:nil).

Page 10

THE MANGREEN TRUST LTD – DETAILED PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31st December 2021

Income
Swim Income
CoffeeShop
Weddings
Conferences
Donations
Other Income
COVID‐19 Government Grants
Wellness
RoomHire
Garden Shop Income
Income		 2021
2020
43,352.67
31,612.87
0.00
292.00
0.00
500.00
0.00
0.00
0.00
12.85
0.00
2,138.39
36,029.49
33,805.26
445.04
337.00
11,495.45
9,626.51
179.40
297.00
91,502.05
78,621.88
Cost of Sales
Garden Shop Purchases
Wellness Expenses
Swimming Pool Expenses
ConferenceExpenses
Cost of Sales		 0.00
229.45
500.00
650.00
0.00
0.00
00.00
00.00
500.00
879.45
Administrative Expenses
Staff Salaries
Heat and Light
Repairs and Renewals
Printing and Stationery
Telecomms and Post
GeneralExpenses
Oil
Advertising & promotion
ProfessionalFees
Bank Charges
DepreciationCharge
Loan Interest
Expenses
TotalCosts
Operating Profit		 41,599.70
42,452.05
0.00
5,231.30
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
4,464.19
0.00
0.00
561.00
0.00
0.00
150.81
11,024.03
12,922.00
0
0.00
53,184.73
65,220.45
53,684.73
66,099.90
37,817.33
12,521.98

Page 11

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the
trustees/directors/
members of
On accounts for the year
ended		 Charity Name
Mangreen Trust
31stDecember 2021
2178410
Charity no.: 297985 Company no.: 2178410
Set out on pages
Responsibilities and
basis of report
Independent
examiner's statement		 Mangreen Trust Statutory Accounts
I report to the charity trustees on my examination of the accounts of the
Company for the year ended31/12/2021.
As the charity’s trustees of the Company (who are also the directors of the
company for the purposes of company law), you are responsible for the
preparation of the accounts in accordance with the requirements of the
Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required
to be audited for this year under Part 16 of the 2006 Act and are eligible for
independent examination, I report in respect of my examination of your
charity’s accounts as carried out under section 145 of the Charities Act 2011
(“the 2011 Act”). In carrying out my examination, I have followed the
Directions given by the Charity Commission (under section 145(5)(b) of the
2011 Act.
I have completed my examination. I confirm that no material matters have
come to my attention which gives me cause to believe that:
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 to
enable a proper understanding of the accounts to be reached.
Signed:
Name:
Relevant professional
qualification(s) or body
(if any):		 20thSeptember
2022
Darren Smith
MAAT

October 2018

1

IER

6 Elizabeth Way

NR8 5HF

Address:

Norwich

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

October 2018

2

IER