Company Registration Number 2178410
Registered Charity Number 297985
THE
DYCATIO
Mangreen Trust
Report of the Trustees and Unaudited Financial
Statements for the year ended 31st December 2024
Page l of 16

Company Registration Number 02178410
Registered Charity 297985
MANGREEN TRUST
Contents Page
For the year ended 31 December 2024
Trust Reference and Administrative Details
Report of the Trustees
ndependent Examinerfs Report
Statement of Financial Activities
Balance Sheet
10-11
Notes to the Financial Statements
12-16
Page 2 of 16

Company Registration Number 02178410
Registered Charity 297985
MANGREEN TRUST
Reference and Administrative Details
For the year ended 31 December 2024
TrUSTEES and DIRECTORS
Mrs Angela Mary Sellens Drake
Mrs Susan Ann Eagle
Mrs. Patricia Holton.
Mr Timothy Eagle
Mrs. Sarah Caroline Coleman
'During 2024 Mrs. Patricia Holton wa5 a
Trustee but not a Director of Man8reen Trnst
The Trust solicitors have been instructed to
address the matter so that Mrs. Holton is
appointed as a Director of Man8reen Trust.
Mrs. Coleman resi8ned as a Trustee on 6
January 2025.
REGISTERED COMPANY NUMBER
REGISTERED CHARITY NUMBER
02178410
297985
REGISTERED OFFICE
Mangreen Hall North
Swardeston
Norwich
Norfolk
NR14 80D
Independent Examiner
Alan Evans, Aegel Finance
Meadow House
Aylsham
Norwich
NRII 6DA
Page 3 of 16

Company Registration Number 02178410
Registered Charity 297985
MANGREEN TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
The charity is controlled by its governing document, a deed of trust. and constitutes a limited
company. limited by guarantee, as defined by the Companies Act 2006.
The Trustees who are also dirertors of Mangreen Trust forthe purposes of the CompaniesAct
2006 present their annual report and financial statements for the year ended 31, December
2024.
The Trustees have adopted the provisions of Accounting and Reporting by Charities
'Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland
IFRS 1021.
Objectives and Activities
Principal activities
The principal activity of the Trust during the financial year was the promotion of healing and
good health.
This year has been very challenging in a lot of ways not just financially with the spiralling
costs and the tightening budgets for families Iwe have seen a drop in revenues along with
other charities) but OLtr help is also as ever in demand. We continue to help the local
communities as well as school children in Malawi through the Dedza School Links 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 8roup meetings.
We have been holdlng space5 for Yoga and wellbelng retreais through our partners whlch
have had a good take up. We have also held private retreats for organi53tions. Again this
year has seen families get together sadly on occasions to celebrate the life of a loved one. I
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 throu8h our honesty farm shop.
Our swimming pool continues to be popular, through word of mouth and has been
recognised as a good place for disabled children and adults with their families 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, we worked with the NHS to provide
spiritual based wellbeing and mental health classes as well as 'Keeping Abreast, charity.
Sadly our partnership with the Green Room Therapy ha5 come to an end in this year and at
the time of writing we are looking for a new partner to provide these facilities at Mangreen.
Page 4 of 16

Company Re8iStration Number 02178410
Registered Charity 297985
'Keeping Abreasy is a breast cancer charity that provides positive experiences for those with
breast cancer.
We are happy to provide spacè for The University of E3St 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 considering the future of the Trust in its current form.
The Mangreen Trust slte, Orchard Rooms & Sanctuary Users in 2024
Norfolk Moth Survey group.
Angela Sellens-Drake-Reflexology and Complementary Health
workshopslclinics.
Dedza School Links Charity
The Green Room Therapy
NHS senior management team
NHS critical care Management team
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 Trainin8 Services.
NCC Adoption and family finding unit.
Various Celebrations of Life.
Little Stars "baby swimming start of life"
Mancroft Advice Projert IMAP).
Norfolk and Norwich Scope Association/NANSA.
Simon Delph . Leading to change 8roup.
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 Anglia, counsellor trainin8
Mangreen Trust workshops
Portage SEND
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, staffing
and energy costs. The cost of living crisis has also resulted in its clients experiencin8
reductions in disposable incomes thereby reducing discretionary expenditure.
Page 5 of 16

Company Reeistration Number 02178410
Re8iStered Charity 297985
Durlng the financlal year decislons have been taken whlch have stablllsed the financlal
position and this has continued into 2025. Trustees are currently considerin8 the future
options for the Trust a5 this level of profitsbility would not be sufficient to seajre the future
investment required. Legal advice is being sought as well as the guidance of the Charity
Commission.
Financial Review
Mangreen Trust operates the swimming facility and the conference faalities which are hired
to appropriate local organisations. The Country House Retreat is operated by a separate
company Man8reen Country House Retreats Ltd which is a wholly owned subsidiary of the
Trust.
The conference faolities are used by a range of local or8anisations sud) as educational
institutions, local authortties and health services. Income from the swimming pool has
increased sharply following the investment in the facility.
Overall the Trust incurred an operational loss of £{3lk. but an overall loss of £1341k after
allowin8 for depreoation of £lll)k and an adjustment of £{20lk recognising a change in
accountin8 for historic costs. The Country House showed a loss of £{26lk linduding
depreciation of £15}kl. The consolidated position for the Trust and its subsidiary is a loss of
£{601k.
During the year. Trustees were adNrysed of a misinterpretation of the Occupancy Agreement
and the Trusys relationship with its subsidiary ManpJeen House Country Retreats Ltd. As a
result Costs which should have been incurred by Mangreen Trust were not rechar8ed.
Trustees sought immediate professional advice and the matter corrected. This is refletted
in the Financial Statements by the £20k adjustrnent referred to above. Current procedures
have been amended.
Golng Concern
Trustees are conterned about the overall trading position and are considering options. as
mentioned previously. that will be more effettive in achieving its charitsble objectives. Thu5
the Finanrial Statements continue to be prepared on the going concern ba5iS.
This report was approved by the Board on the 14 Au8USt 2025 and Is signed on Fts behalf by
rs Susan Ann Ea8le
Trustee
Page 6 of 16

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 Trust for the year
ended 31" December 2024.
Responsibilities and basis of report
As the charity's trullees land also its directors for the purposes of company13wl you are
responsible for the preparation of the accounts in accordance with the requirements of the
Companies Att 2006 {'the 2CM)6 Att'l.
Having satisfied myself that the accounts of the 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 your charitws accounts as carried out under Section 145 of the Charities
Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given
by the Charity Commission under Sertion 145151 Ibl of the 2011 Att.
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 a5 required by Section
386 of the 2006 Act,. or
2. the accounts do not accord with those records: or
3. the accounts do not comply with the accounting requirements of Section 396 of the
2006Actotherthan any requirementthat the accountsgive a true and fairview which
is not a matter considered as part of an independent examination- or
rhe accounts 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 10211.
The historic matter referred to in the Trustees Report, relating to the arrangements between
the Trust and its subsidiary. has been addressed.
I 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.
As mentioned in the Trustees Report, Trustees are reviewin8 the strategic dirertion of the
Trust and its wholly owned subsidiary Mangreen Country House Retreats Ltd.
Page 7 of 16

Company Registration Number 02178410
Registered Charity 297985
MANGREEN TRUST
Independent Examinerfs Report to the Trustees of Mangreen Trust ('the
Company) continued
The Financial Statements have b
en prepared on a goin8 concern basis.
Alan Evans FCA M Sc MBA
14 Au8USt 2025
Aegel Finance
Meadow House
Aylsham. Norfolk
NRII 6DA
Page 8 of 16

Company Registration Number 02178410
Registered Charity 297985
MANGREEN TRUST
Statement of Financial Activities
For the year ended 31 December2024
2024
2023
Unrestrirted
Fund
Restricted Totsl Funds
Fund
Total
Funds
Notes
Donations and Bequests
Activities to further the
charitrfs objertives
Earnin8s from services
supplied
Membership Fees
Other incoming resources
Total Incoming Resources
120
120
124
26,900
26,900
40,105
29,683
598
57.301
28.683
598
57.301
27,025
394
67,648
Resources expended
Charitable expenditure
Cost of activities in
furtherance of charitrfs
objectives
Management and
administration of the
charity
Use of revenue for capital
investment
Total Outgoing Resources
11,7831
{80.037) 111.140)
191,177) (72.9461
126,362)
26,362
(106,3991
15.222
191.177) 174,7291
Surplus / (Loss) for the
Year
149,0981
15.222
133.8761
{7,081)
Total Funds brought
forward
Balance sheet adjustment
Total Funds carried forward
Irestatedl
59,337 1,060.279 1,119,616 1,148,831
{22.1341
1,085,740 1,119,616
io
10.239 1.075,501
Page 9 of 16

Company Registration Number 02178410
RegiSte￿d Charity 297985
MANGREEN TRUST
Balance Sheet
As at 31 December 2024
2024
2023
Total
Funds
Restated
Unrestricted Restricted
Fund
Fund
Notes
Total
Funds
Fixed Assets
Tangible Fixed Assets
1.075.501 1,075,501 1.060,279
Current Assets
Stock
1.321
1,606
31.217
34.144
1,321
1,606
31,217
34,144
Debtors
Cash at Bank and in hand
3.394
16,643
20,037
Current Liabilities
Creditors= Amounts falling due
within one year
Intercompany balance owed to
Mangreen Country House Ltd
Net ¢urrent assets /
(liabilities)
Total assets less current
liabilities
110.536)
(10.5361
14,700)
157,369)
{57,3691
133,761)
(33.7611
15,337
133.7611 1,075,501 1.041.740 1.075.616
Long term loan to Subsidiary
Company Mangreen Country
House Retreats Ltd
NET AsS￿s
44,000 44,000
10.239 1,075,501 1,085.740 1,119,616
Capital and reserves
Unrestritted Funds
Restricted Funds
10,239
75,501
59,337
60.279
Restricted Fund- Revaluation
Reserve
1,000,000 1,000,000
TOTAL FUNDS
io
1,085,740 1,119,616
Page 10 of 16

Company Registration Number 02178410
Registered Charity 297985
MANGREEN TRUST
Balance Sheet (contlnued)
As at 31 December 2024
Mangreen Trust is a charity and a private company, limited by guarantee. The diaritable
company is entitled to exemption from audit under Section 477 of the Companies Att 2tY)6
forthe year ended 31" December 2024.
The Members have not required the company to obtain an audit of its financial statements
for the year ended 31ST December 2024 in accordance with section 476 of the Companies
Act 2006.
The Trustees acknowledge their responsibilities for
ensurin8 that the charitable company keeps accounting records that comply with
sections 386 and 387 of the Companies Act 2006
2. preparing financial statements which give a true and fairview 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 Art
2006 relating to financial statements. so far as applicable to the charitable company
These financial statements have been prepared in accordance with the provisions applicable
to ¢haritable companies subject to the small companies regime.
The Financial Statements were approved by the Board of Trustees and authorised for issue
on 14 August 2025 and were signed on its behalf by:
Mrs Susan Ann Eagle
Trustee
Page 11 of 16

Cornpany Re8lStration Number 02178410
Registered Charity 297985
MANGREEN TRUST
Notes to the Financial Statements
For the year ended 31 December 2024
l Accounting Policies
Basis of preparation of the financial statement5
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 Prartice applicable to charitie5
preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland IFRS 1021 and the Companies Art 2006. The Financial
statements have been prepared under the historic cost convention as modified by the
revaluation of13nd and buildings and certain financial instruments measured at fair value in
accordance with the accounting policies.
Income
Income is recognised in the Statement of Financial Activities once the charty has entitlement
to the funds, it is probablethat 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 following basis:
Freehold Buildings
Building 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
Pa8e 12 of 16

Company Registration Number 02178410
Registered Charity 297985
MANGREEN TRUST
Notes to the Financial Statements (continued)
For the year ended 31 December 2024
Flxed Asset investments
In February 2014, Messrs Irelands (chartered surveyors and valuersl prepared an informal
valuation of thecurrent marketvalue of the freehold property which was donatedtotheTrust
in 1987. at no cost. on formation of the Trust. under deeds of Gift together with subsequent
building costs of the Global Meditation Li8ht Centre and the rebuilt Orchard Room. In their
opinion the market value was £1,000.0￿ for the building and the grounds. The Trustees
consider the valuation given by Messrs Irelands of £l,OLKI.L)Xl to be a fair value.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objettives at the discretion
of the Trustees.
Restricted funds can only be used for particular purposes Wlthin the objects of the charity, as
specified by the donor or when raised for a particular purpose.
2 Operating profit / (loss)
2024
2023
The operating profit I Ilossl is stated after charging:
Depreciation of tangible fixed assets
11,140
9.276
3 Employee5
The average number of employees duringthe year was 112023 - 1)
No employee received emoluments in excess of £60,LI)O
The remuneration paid to a Director duringthe year was £31,332 12023: £30.0001
4 Trustees
There were no Trustees. remuneration paid for the year ended 31" December 2024 or
for the year ended 31, December 2023.
There were no Trustees, expenses paid for the year ended 31# December 2024 or for
the year ended 31 December 2023.
S Financial Commitments
Capital Commitments at 31 December 2024 were nil.
Page 13 of16

Company Registration Number 02178410
Registered Charity 297985
MANGREEN TRUST
Notes to the Financial Statements (continued)
For the year ended 31 December 2024
6 Tangible fixed assets
Freehold Property
Mangreen Hall - Land and 8uildin8s as acquired on formation of the
Trust at no cost
Valuation as at 31" December 2024
£k
I,￿0,CH3o
New Office
Plant.
House
￿￿tureS and Office al￿ Contents
Grounds
Shop
Equipment
GMLC
and
Candle
Chapel
New
Orchard
Room
TOTAL
Cost or valuation
As at ljanuary
2024
164,545
12.904
13.59)
21,878 117,617
330,534
Additions in year
Disposa￿ in year
As at 31 December
2024
26,362
26,362
164,545
39.266
13.590
21,878 117,617
356,896
Depreciation
As at I january
2024
131,417
12,271
13.5
20.107
92.870 270,255
Char8e for the year
As at 310ecember
2024
Net book values
Closing balènce as
at 31 December
2024
4.969
136,386
4.049
16.320
266
20,373
1,856
94,726
11,140
281,395
13,55Y)
28,159
22.946
1.505
22,891
75,501
Closing balance as
at 31 December
33,128
633
1,771
24.747
60,279
2023
Page 14 of 16

Company Registration Number 02178410
Registered Charty 297985
MANGREEN TRUST
Notes to the Financial Statements (continued)
For the year ended 31 December2023
Debtors: amounts falling due within one year
2024
2023
Trade Debtors
Prepayments and Accrued Income
1327
3,147
247
279
1,606
3,394
Creditors: amounts falling due within one year
2024
2023
Trade Creditors and Accruals
PAYE and other payroll taxes
Wages and Salaries
8,088
2,000
7LIJ
2,000
10,536
4,700
Long Term Debtor
In 2019, the parent cornpany 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 for this, Mangreen Trust Country House Retreats Ltd undertook the maintenance and
management of the site. SintÈ 2019. £40k of the loan has been repaid. There were no
repayments during 2024.
Debtor: amounts falling due after one year
2024
2023
Amounts owed to parent company
Page 15 of 16

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
2024
2023
Balance at the start of the year
Profit / Loss for the year
Intercompany adjustment reflerting Mangreen Hotel
costs paid by the Trust but recharged
1,119,616 1,148,831
133,8761
17,0811
{22,134)
Balance at the end of the year
1,085.740 1,119,616
li
Employment Costs
The avera8e number of staff employed and financed by the Trust durin8 the year to 31SI
December 2024 was I full time12023- 1 full time). Other employment costs were recharged
as appropriate.
2024
2023
Employment Costs= Wages and Salaries, National Insurance,
Trust pension costs
Tot31 Employmont Costs
34.397
32.669
34,397
32,669
12
Commitments
Commitments to long term leases a5 at 31 December 2024 were nil12023". nil)
13
Ultlmate Owner and Related Party transartlons
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 original renovations.
The Trust and Country House Retreats Ltd share the same site and as a result Mangreen
Country House Retreats Ltd pay certain costs which are subsequently recharged to the Trust.
Page 16 of 16