Company Registration Number 2178410
Re8iStered Charity Number 297985
T￿[
*ST*EA T
E Dvt4TIoM
CRIATIVITY
Mangreen Trust
Report of the Trustees and Unaudited Financial
Statements for the year ended 31st December 2023
Page l of 17

Company Registration NuM￿r 02178410
Registered Charity 297985
MANGREEN TRUST
Contents Page
For the year ended 31 December 2023
Trust Reference and Administrative Details
Report of the Trustees
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
10-11
Notes to the Financial Statements
12-16
Detailed Income Statement
17
Page 2 of 17

Company Registration Number02178410
Re8lStered Charity 297985
MANGREEN TRUST
Reference and Administrative Details
For the year ended 31 December 2023
TRUSTEES and DIRECTORS
MrsAngela Mary Sellen5 Drake
Mrs Susan Ann Eagle
Mrs Sarah Caroline Coleman
Mr Timothy Eagle
Mrs Patricia Holton
REGISTERED COMPANY NUMBER
REGISTERED CHARITY NUMBER
02178410
297985
REGisfERED OFFICE
Mangreen Hall North
Swardeston
Norwich
Norfolk
NR14 8DD
Independent Examiner
Alan Evans. Aegel Finance
Meadow House
Aylsham
Norwich
NRII 6DA
Page 3 of 17

Company Re8i5tration Number 02178410
Registered Charity 297985
MANGREEN TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2023
The charity is controlled by its governin8 document, a deed of trust. and constttutes a limited
company. limited by guarantee. as defined by the Companies Act 2006.
The Trustees, who are also directors of Mangreen Trust for the purposes of the Companies
Att 2006, present their annual report and financial statements for the year ended 31st
December 2023.
The Trustees have adopted the provisions of Accounting and Reporting by Charitie5
'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
IFRS 1021.
Objectives and Activities
Principal activities
The principal activity of the company during the financial year was the promotion of healing
and 8ood health.
This year has been very challenging in a lot of ways not just financially with the spiralling
costs and the tlghtening budgets for families we have seen a drop in revenues along with
other charities, but our help is as ever in demand. We continue to help the local
communities 35 well as school children in Malawi through the Dedz3 School Links charity.
Our Dementia work continues with coffee mornings at Mangreen for the carers as well as
those that have Dementia. One of ourtrustees continues to hold Zoom group meetings.
We have been holding space for Yoga and wellbeing retreats through our partner which
have had a good take up. Again this year has seen families get together sadly on occasions
to celebrate the life of a loved one. l am pleased to say Mangreen Trust has been able to
help with this.
Our work with the local Spiritual Mangreen community has continued 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 continues swimming pool has become. through word of mouth, a good place for
disabled adults and families with disabled children to come to relax. 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, working with the NHS to provide
spiritual based well being and mental health classes. We continue to work with 'Keepin8
Page 4 of 17

Company Registration Number 02178410
Registered Charity 297985
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. WÈ provide
site-ba5ed therapy.
We are happy to provlde space for The Universty of East Anglia for mentorin8 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.
The Mangreen Trust Slte. Orchard Rooms & Sanctuary Users in 2023.
Norfolk Moth Survey group.
An8ela Sellens-Drake-Reflexology and Complementary Health
workshopslclinics.
Dedza School Links Charity
The Green Room Therapy
NHS senior management team
NHS critical care Management team
Blend project
Keeping Abreast
Relate Norfolk and Suffolk. Training.
Norfolk County Council Children's. Services. Training days including Sensory Support
8roup, disabled children, and other strategy groups.
Private celebrations for local people
Values Training Services.
NCC Adoption and family findin8 unit.
Various Celebrations of Life.
ttle Stars"baby swimming start of life-
Mancroft Advice Project IMAP).
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 trainin8
Mangreen Trust workshops
Plans for the Future
The Trust, and its subsidiary Mangreen Country House Retreats Ltd are currently facing
difficult trading conditions. This is considered to be caused in part by increased food. sta￿Ing
Page 5 of17

Company Registration Number 02178410
Registered Charity 297985
and energy costs. The cost of living crisis has also resulted in its clients experiencing
reductions in disposable incomes thereby reducing discretionary expenditure.
Trustees are currently considering the future options for the Trust.
Financial Review
Mangreen Trust operates the swimming facility and the conference facilities which are hired
to appropriate local organisations. The Country House Retreat is operated by a separate
company Mangreen Country House Retreats Ltd which is a wholly owned subsidiary of the
Trust.
The Trustees have recognised the need for greater clarity in the presentation of the
intercompany loan from the parent company Man8reen Trust to its wholly owned subsidiary
Mangreen Country House Retreat5 Ltd. This is reflected in the restated balance sheet and
supporting Note to the Accounts. The intercompany loan is separate from the other
intercompany transactions representin8 the everyday operations of the differing activities.
The conference facilities have been used extensively by a range of local organisations such
as educational institutions, local authorities and health services. Income from the
swimming pool declined towards the end of the year and the decision has been taken to
invest in improving the facility which is considered a key part of the Trust's objectives.
Costs have increased in 2023, driven particularly by higher ener8y Costs for the hotel and
swimming pool Iboth of which are hi8h energy consumers). Payroll costs have also
increased.
Overall the Trust achieved a small operational profrt of £2k. but an overall loss of £17lk after
allowing for depreciation. The Country House showed a loss of £122)k lincludin8
depreciation of £16lk). The consolidated position for the Trust and its subsidiary is a loss of
£1291k.
Going Concern
As mentioned earlier, Trustees are concerned about the trading position. It is therefore
considering whether there are more effective ways of achieving Its charitable objectives.
Thus the Financial Statements continue to be prepared on the going concern basis.
The Trust continues to support its wholly owned subsidiary Mangreen Country House
Retreats Ltd by means of an interest free loan to cover the cost of renovations and by the
payment of certain costs which are subsequently recharged to the Country House.
This report was approved b
8oard on the 20June 2024 and is signed on its behalf by.
Mrs Susan Ann Eagle
Trustee
Page 6 of17

Company Registration Number 02178410
Re8iStered Charity 297985
MANGREEN TRUST
Independent Examinerfs Report to the Trustees of Mangreen Trust {'the
Company)
I report to the charity trustees on my examination of the accounts of the Company for the
year ended 31" December 2023.
Responsibilities and basis of report
As the chariws trustees land also its directors for the purposes of company lawl you are
responsible for the preparation of the accounts in accordance with the requirements of the
Companies Att 20061'the 2006 Act'l.
Having satisfied myself that the accounts of the Company are not required to be audited
under Part 16 of the 2006 Art 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 20111'the 2011 Act'l. In carryin8 Out my examination I have followed the Directions given
by the Charity Commission under Section 145151 Ibl of the 2011 Act.
Independent examinerfs statement
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:
accounting records were not kept in respect of the Company as required by Section
386 of the 2006 Art; or
2. the accounts do not accord with those records,. or
3. the accounts do not comply with the accounting requirements of Settion 396 of the
21)06 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
4. the accounts have not been prepared in accordance with the methods and principles
ofthe 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 IFRS 10211.
I have no concerns and have come across no other matters in connertion 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.
As mentioned in the Trustees Report, Trustees are currently reviewing the strategic direction
of the Trust and its wholly owned subsidiary Mangreen Country House Retreats Ltd. The
review will consider the options available to the Trust to ensure that it best meets its
charitable objectives.
Page 7 of 17

Company Registration Number 02178410
Re8lStered Charity 297985
Independent Examinerfs Report to the Trustees of Mangreen Trust {'the
Company) continued
The Financial Statements have been prepared on a going concern basis.
Alan Evans FCA M Sc MBA
20 June 2024
Aegel Finance
Meadow House
Aylsham, Norfolk
NRII 6DA
Page 8 of17

Company Registration Nurnber 02178410
Registered Charity 297985
MANGREEN TRUST
Statement of Financial Activities
For the year ended 31 December2023
2023
2022
restated
ToLIl
Funds
Unrestrirted
Fund
Restricted Total Funds
Fund
Notes
Donations and Bequests
Activities to further the
charitys objectives
Earnings from services
supplied
Membership Fees
Other incoming resources
Total Incoming Resource5
124
124
35
40,105
40,105
36.961
27.025
394
67,fv18
27,025
394
67.648
36.647
336
73,979
Resources expended
Charitable expenditure
Cost of activities in
furtherance of charitvs
objectives
Management and
administration of the
charity
Total Outgoing Resources
11,7831
11,7831
15001
{63,670)
{9.2761
172,946) 161,6241
165.4531
{9,276}
174729} 162,1241
Surplus / ILoss) for the
Year
2,195
19,2761
17,0811
11.855
Total Funds brought
forward
Balance sheet adjuttment
Total Funds carried forward
Irestatedl
79.276 1,069.555
1.148,831 1,249,289
122,1341
122,1341 1112,3131
59.337 1,060.279 1.119,616 1.148,831
io
Pa8e 9 of17

Company Registration Number 02178410
Registered Charity 297985
MANGREEN TRUST
Balance Sheet
For the year ended 31 December2023
2023
2022
Total
Funds
Restated
Vnrestrirted Restrirted
Fund
Fund
Notes
Total
Funds
Fixed Assets
Tangible Fixed Assets
Long term loan to subsidiary
Intercompany operating
balance
Current Asset5
Stock
Debtors
Cash at Bank and in hand
Total current assets
Creditors: Amounts falling
due within one year
Net current assets /
liabilities
Total assets less current
Ilablllties
1.060.279 1.060,279 1.069,555
44,O¢JO
64.000
800
3.394
16.643
20,037
3,394
16,643
20.037
18,651
19,451
147(X))
I4,7￿)
{4,1751
15,337
15,337
15.276
59,337 1,060.279 1.119,616 1,148,831
NET ASSErs
59.337 1.060,279 1,119.616 1.148,831
Capital and reserves
Unrestricted Funds
Restrirted Funds
Restricted Fund -
Revaluation Reserve
TOTAL FUNDS
59,337
60,279
79,276
69,555
i.Cm)0,L￿ 1.000,000
io
1,119.616 1,148,831
Page 10 of 17

Company Re8iStraiion Number 02178410
Re8lStered Charity 297985
MANGREEN TRUST
Balance Sheet (continued)
For the year ended 31 December2023
Mangreen Trust is a charity and a pr+vate company. limited by shares. The charrtable
company is entitled to exemption from audit under Section 477 of the Companies Act 2CKI6
for the year ended 31" December 2023.
The Members have not required the company to obtain an audit of its financial statements
for the year ended 31" March 2023 in accordance with section 476 of the Companies Act
The Trustees acknowled8e their responsibilities for
l. ensuring that the charitsble company keep5 accounting records that comply with
sections 386 and 387 of the Companies Att 2L
2. preparing financial statements which give a true and fair view of the state of affairs
of the charitable company as at the end of each financial yeaf and of its surplus or
deficit for each financial year in accordance with the requirements of Sections 394
ènd 395 and which otherwise comply with the requirements of the Companies Act
2006 relatin8 to finanoal statements. so far as applicable to the charitable companv
These financial statements have been prepared in accordance with the provisions applicable
to charitable companie5 subfrect to the small companies regime.
The Financial Statements were approved by the Board of Trustees and authorised for issue
on 20 June 2024 and were sien
on its behalf b¥:
Mrs Susan Ann Ea8le
Trustee
Page 11 of 17

Company Registration Number 02178410
Registered Charity 297985
MANGREEN TRUST
Notes to the Financial Statements
For the year ended 31 December2023
Accounting Policies
Basis of preparation of the financial statements
The Financial Statements of the charitable company, which is a public benefit entity under
FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accountin8
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 1021 and the Companies Act 2006. The Financial
statements have been prepared under the historic cost convention as modified by the
revaluation of land and buildings and certain financial instruments measured at fair value in
accordance with the accounting poliaes.
Income
Income is reco8nised in the Statement of Financial Artivities once the charity has entitlement
to the funds. it is probable that the income will be received and the amount can be measured
reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or contractual obligation
committing the charity to that expenditure.
Tangible fixed assets
Tangible fixed assets. other than freehold land, are stated at cost or valuation less
depreciation and any provision for impairment. 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 followin8 basis-
Freehold Buildings
8uilding Improvements
Plant and office equipment
House contents
GMLC and Candle Chapel
New Orchard Room
15% reducing balance
15% reducing balance
15% reducing balance
15% reducing balance
7.5% reducing balance
Page 12 of 17

Company Registration Number 02178410
Registered Charity 297985
MANGREEN TRUST
Notes to the Financial Statements (continued)
For the year ended 31 December2023
Fixed A55et investments
In February 2014, Messrs Irelands (chartered surveyors and valuers} prepared an informal
valuation ofthe current marketvalue ofthefreehold propertywhich was donated tothe 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 £l,OCrf).CKJO for the building and the grounds. The Trustees
consider the valuation 8iven by Messrs Irelands of £l,OLKI,¢xM) to be a fair value.
Taxation
The charity is exempt from corporation tax on its charitable activitie5.
Fund accounting
Unrestritted funds can be used in accordance with the charitable obiertives at the discretion
of the Trustees.
Restricted funds can only be used for particular purposes Wtthin the objects of the charity, as
specified by the donor or when raised for a particular purpose.
Operatlng profit l (loss)
2023
2022
The operating profit / Ilossl is stated after char8ing:
Depreciation of tangible fixed assets
9.276
6,219
3 Employees
The average number of employees during the year was 112022 11
No employee received emoluments in excess of £60,IyJo
The remuneration paid to a Dirertor during the year was £30,000 {2022: £22.5001
4 Trustees
There were no Trustees. remuneration paid for the year ended 31" December 2023 or
for the year ended 31" December 2022.
There were no Trustees, expenses paid for the year ended 31st December 2023 or for
the year ended 31" December 2022.
5 Finandal Commitments
Capital Commitments at 31 December 2023 were nil.
Page 13 of 17

Company Re8lStration Number 02178410
Registered Charity 297985
MANGREEN TRUST
Notes to the Financial Statements (continued)
For the year ended 31 December2023
6 Tangible fixed assets
Freehold Property
Mangreen Hall - Land and Buildings as acquired on formation of the
Trust at no cost
Valuation as at 31 December 2022
£k
1,000.000
New office
Plant,
House
Flxtures and Office and Contents
Grounds
Shop
Equipment
GMLC
and
Candle
Chapel
New
Orchard
Room
TOTAL
Cost or valuation
As at l January
2023
Additions in year
Disposals in year
As at 31 December
2023
164.545
12,904
13,SSX)
21,878 117.617
330,534
164.545
12.904
13.59)
21.878 117.617
330,534
Depreriatlon
As at l January
2023
125.571
12,159
13.590
19.795
89,864
260,979
Charge for the year
As at 31 December
2023
Net book values
Closing balance as
at 31 December
2023
5.846
131.417
112
312
3,(X)6
9,276
92,870 270,255
12.271
13,590
20,107
33,128
633
1,771
24,747
60.279
Closing balance as
at 31 December
2022
38,974
745
2.083
27,753
69,555
Page 14 of 17

Company Registration Number 02178410
Registered Charity 297985
MANGREEN TRUST
Notes to the Financial Statements (continued)
For the year ended 31 December2023
Debtors." amounts falllng due within one year
2023
2022
Trade Debtors
Prepayments and Accrued Intome
3,147
247
3,394
Creditors: amounts fallin8 due wlthin one year
2023
2022
Restated
Trade Creditors and Accruals
Amounts owed to parent company
PAYE and other payroll taxes
Wages and Salaries
580
700
3,595
4.700
4,175
Long Term Debtor
In 2019, the parent company Mangreen Trust provided Mangreen Country House Retreats
Ltd with an interest free loan of £84k to finance the refurbishment of the Country House. In
return forthis, Mangreen Trust Country House Retreats Ltd undertook the maintenance and
management of the site. Since 2019, £40k of the loan has been repaid.
Debtor: amounts falling due after one year
2023
2022
Restated
Amounts owed to parent company
Page 15 of 17

Company Registration Number 02178410
Registered Charity 297985
MANGREEN TRUST
Notes to the Financial Statements (continued)
For the year ended 31 December2023
io
Profit and Loss Account- restated
2023
2022
Restated
Balance at the start of the year
Profit / Loss for the year
Intercompany adjustment refletting Mangreen Hotel
costs paid by the Trust but recharged
1,148,831 1,249.289
17,0811
11,855
(22,1341 1112,3131
Balance at the end of the year
1.119,616 1,148,831
li
Employment Costs
The average number of staff employed and financed by the Trust during the year to 31"
December 2023 was I full time12022= 1 full timel. Other employment costs were recharged
as appropriate.
2023
2022
Employment Costs: Wages and Salaries, National Insurance,
Trust pension costs
Total Employment Costs
32,669
35.025
32,669
35.025
12
Commitments
Commitments to longterm leases as at 31" December 2023 were nil12022- nil)
li
Ultimate Owner and Related Party transartions
Mangreen Country House Retreats Ltd is a wholly owned subsidiary of Mangreen Trust, a
charity registered in England. Registered Charity 297985.
Mangreen Trust has on occ35ions paid expenses on behalf of its wholly owned subsidiary
Mangreen Country House Retreats Ltd, these expenses are included in the Income Statement
of Mangreen Country House Retreats Ltd..
Pège 16 of 17

Company Registration Number 02178410
RegiSte￿d Charity 297985
MANGREEN TRUST
Detailed Statement of Financial Activities
For the year ended 31 December2023
2023
2022
Income
Room hire
Swimming
Donations
Other
38,868
27,025
124
1,631
36,961
36,647
35
336
67.648
73,978
Cost of sales
Wellness expenses
Organic shop stock
898
885
1.783
65,865
Gross Profit
73,478
Admlnlstrative expenses
Wages and Salaries
Light, Heat and Power
Oil and petrol
Repairs and renewals
Cleaning of premises
Advertising
General Insurance
Accountancy Fee5
Consultancy
Bank Charges
Computer Expenses
Stationery and Postage
Telephone. Fax and Internet
Sundry Expenses
Depreciation Charge: Freehold Land
and Buildings
32,669
15,639
5.651
35.025
11.109
182
2.322
124
4.870
1.080
70
917
14
260
9.546
9.276
72,946
61,624
Operating profit / Iloss)
(7,0811
11,855
Profrt / ILoss) on ordinary actlvities
before taxation
Tax payable
Profit I (Loss) for the financial year
17,0811
11.855
17.0811
11.855
This page does not fomi part of the Financial Statements
Page 17 of17