Trustees Report for the Charity commission
We are pleased to report that Mangreen Trust has survived the current stages of the Pandemic. We continue to help the local communities as well as the school children in Malawi through the Dedza charity. Our Dementia work continues with coffee mornings at Mangreen for the carers as well as those that have Dementia. One of our trustees continues to hold zoom group meetings.
We have been holding space for Clowning and Yoga Retreats which have had a good take up. This year has seen families get together sadly on occasions to celebrate the life of a loved one, and on other occasions to celebrate mile stones in their families. I am pleased to say Mangreen Trust has been able to help with this.
Our work with the local Spiritual Mangreen community has restarted with monthly meetings and coffee mornings. In these trying times we offer free Fruit and Veg to those that need it, distributed through our honesty farm shop.
Our swimming pool has become, through word of mouth, a good place for families with disabled children to come to relax and help their children. It is good to see families spending quality time together. One of the reasons for this is that we have a disabled hoist and steps that walk gradually down into the pool area.
With our partnership with the Green Room Therapy, we have been working with the NHS to provide spiritual based well being and mental health classes. We have now started to work with ‘Keeping Abreast’, also in partnership with the Green Room Therapy. ‘Keeping Abreast’ is a breast cancer charity that provides positive experiences for those with breast cancer. We provide site-based therapy.
We are happy to provide space for The University of East Anglia for mentoring students to become counsellors in the future.
Mangreen Trust has seen a big increase in costs which we are trying to take on board. The Trustees are confident that The Trust will be able to weather this turbulence in the world.
Orchard Rooms & Sanctuary users in 2022.
Norfolk Moth Survey group.
Angela Sellens-Drake-Reflexology and Complementary Health workshops/clinics.
Dedza Charity
Duffields Mills - Annual General Meeting.
The Green Room Therapy
NHS senior management team
Blend project
Keeping Abreast
Relate Norfolk and Suffolk. Training.
Norfolk County Council Children’s’ Services. Training days including Sensory Support group, disabled children, and other strategy groups.
Private celebrations for local people
Values Training Services.
NCC Adoption and family finding unit.
Various Celebrations of Life.
Little Stars “baby swimming start of life”
Mancroft Advice Project (MAP).
Norfolk and Norwich Scope Association/NANSA.
Simon Delph : Leading to change group. Childways massage training. The Mankind Project. Norfolk Carers Support. NCC : SEND and ANDP groups.
NCC : Norfolk Youth Offending Team.
Mancraft Group, Men’s help and Support group University of East Angela, counsellor training
Mangreen Trust workshops
Company Registration Number 2178410 Registered Charity 297985
MANGREEN TRUST
DIRECTOR’S REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Page 1
COMPANY INFORMATION
DIRECTORS
Mr Timothy Eagle Mrs Angela Mary Sellens Drake Mrs Susan Ann Eagle Mrs Sarah Caroline Coleman Mrs Patricia Holton
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 2022
The directors present their report and financial statements for the year ended 31st December 2022.
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:
-
. select suitable accounting policies and apply them consistently
-
. make judgements and estimates that are reasonable and prudent
-
. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business
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 2022 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.
TAG Accountancy Vanquish House Wellesley Road Tharston NR15 2PD
Page 5
STATEMENTS OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st December 2022
| INCOMING RESOURCES | 2022 | 2021 | ||
|---|---|---|---|---|
| Donations and Bequests | ||||
| Activities to further the charity’s objectives | ||||
| Earningfrom services supplied | 36,961 | 11,495 | ||
| Membership fees | 36,647 | 43,353 | ||
| COVID‐19 Gov Grants | 0 | 36,029 | ||
| Other incomingresources | 371 | 625 | ||
| TOTAL INCOMING RESOURCES | 73,979 | 91,502 | ||
| RESOURCES EXPENDED | ||||
| Charitable expenditure | ||||
| Cost of activities in furtherance of charity’s objectives |
500 | 500 | ||
| Management and administration of charity | 61,624 | 53,185 | ||
| Total resources expended | 62,124 | 53,685 | ||
| NET INCOMING(OUTGOING) RESOURCES | 11,855 | 37,817 | ||
| Fund balances brought forward | 1,249,289 | 1,211,472 | ||
| FUND BALANCES CARRIED FORWARD | 1,261,144 | 1,249,289 |
The financial statements on pages 6 to 7 were approved by the Trustees on their behalf by
and were signed on
Page 6
BALANCE SHEET AT 31st December 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| FIXED ASSETS | ||||
| TangibleAssets | 1,069,558 | 1,078,103 | ||
| CURRENTASSETS | ||||
| Stock | 800 | 800 | ||
| TradeDebtors | 760 | 9,314 | ||
| Owed bySubsidiary | 176,313 | 131,708 | ||
| Prepayments and accrued income | ||||
| Cash at BuildingSocietyand cash in hand | 18,651 | 35,308 | ||
| 196,524 | 177,130 | |||
| CREDITORS(due within oneyear) | ||||
| Trade Creditors | ||||
| AdvancePayments | 4357 | 6,368 | ||
| Loans Outstanding | ||||
| Accruals and Provisions | 580 | 578 | ||
| 4,937 | 6,946 | |||
| NET CURRENT ASSETS(LIABILITIES) | 191,587 | 170,184 | ||
| NET ASSETS | 1,261,146 | 1,249,291 | ||
| CAPITAL AND RESERVES | ||||
| CapitalReserve | ||||
| RevaluationReserve | 1,000,000 | 1,000,000 | ||
| Revenue Reserve at 1stJanuary2022 | 249,291 | 211,474 | ||
| Income and Expenditure Account Surplus (Deficit) for the year to 31st December 2022 |
11,855 | 37,817 | ||
| 1,261,146 | 1,249,291 | |||
| 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 2022. The Trustees have not required the Company to obtain an audit of its financial statements for the year ended 31st December 2022 in accordance with Section 476 of the Companies Act 2006. The Trustees acknowledge their responsibility for:
- (I) ensuring that Mangreen Trust keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(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 2022
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 2022 | 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 1stJanuary2022 | 164,545 | 12,904 | 13,590 | 21,878 | 116,617 | 329,534 |
| Addition inyear | ||||||
| Disposals inyear | ||||||
| As at 31st December 2022 | 164,545 | 12,904 | 13,590 | 21,878 | 116,617 | 329,534 |
| ACCUMULATED DEPRECIATION |
||||||
| As at 1stJanuary2022 | 118,693 | 12,027 | 13,590 | 19,427 | 87,695 | 251,431 |
| Charge foryear | 6,878 | 132 | 368 | 2,169 | 9,546 | |
| As at 31st December 2022 | 125,571 | 12,159 | 13,590 | 19,795 | 89,864 | 260,977 |
| NET BOOK VALUE | ||||||
| 31st December 2022 | 38,974 | 745 | 0 | 2,083 | 26,753 | 69,558 |
| 1STJanuary2022 | 45,852 | 877 | 0 | 2,451 | 28,922 | 78,103 |
| Total Fixed Assets at 31st December2022 |
1,069,558 |
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)
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Employment Costs Wages, Salaries and Social Security Trust’s Pension Costs |
35,025 | 41,600 |
| Total Employment Costs | 35,025 | 41,600 |
3. (b) TRUSTEES/DIRECTORS
The remuneration paid to trustees and directors was £22,500 (2021:£31,152)
4. RELATED PARTIES
The Trust wholly owns a subsidiary, Mangreen Country House Retreats Ltd and £nil (2022:nil was received from sales (VAT exclusive) and £nil (2022:£nil) paid in purchases during the year.
5. COMMITMENTS
Commitments to long term leases at 31 December 2022 were nil (2021:nil).
Page 10
THE MANGREEN TRUST LTD – DETAILED PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31st December 2022
| Income Swim Income CoffeeShop Weddings Conferences Donations Other Income COVID‐19 Government Grants Wellness RoomHire Garden Shop Income Income |
2022 2021 36,646.88 43,352.67 0.00 0.00 0.00 0.00 0.00 0.00 35.00 0.00 336.47 0.00 0.00 36,029.49 0.00 445.04 36,960.64 11,495.45 0.00 179.40 |
|---|---|
| 73,978.9991,502.05 |
| Cost of Sales Garden Shop Purchases Wellness Expenses Swimming Pool Expenses ConferenceExpenses Cost of Sales |
0.00 0.00 500.00 500.00 0.00 0.00 00.00 00.00 |
|---|---|
| 500.00 500.00 |
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 |
35,024.95 41,599.70 11,109.07 0.00 0.00 0.00 13.80 0.00 0.00 0.00 260.10 0.00 0.00 0.00 2322.11 0.00 3348.00 561.00 0.00 0.00 9546.00 11024.03 0 0.00 |
|---|---|
| 61,624.03 53,184.73 |
|
| 62,124.03 53,684.73 |
|
| 11,854.96 37,817.33 |
Page 11
Accountants Report to
The Trustees of Mangreen Trust
I have prepared, without audit, the accounts for the year ended 31st December 2022 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.
TAG Accountancy
Vanquish House Wellesley Road
Tharston
NR15 2PD