Company Re8lStration Number 2178410 Registered Charity Number 297985 ¥VÉLLME$5 RET•E*T EL¥v¢ATIo CWiiATlviT Mangreen Trust Report of the Trustees and Unaudited Financial Statements for the year ended 31st December 2025 Company Registration Number: 02178410 Registered Charity Number: 297985 Page l of 17
Company Registration Number 02178410 Registered Charity 297985 MANGREEN TRUST Contents Page For the year ended 31 December 2025 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 12-17 Page 2 of 17
Company Re8lStration Number 02178410 Registered Charity 297985 MANGREEN TRUST Reference and Administrative Details For the year ended 31 December 2025 TRUSTEES and DIREcfoRS Mrs Angela Mary Sellens Drake Mrs Susan Ann Eagle Mrs. Patricia Holtom Mr fimothy Eag Mrs. Sarah Caroline Coleman 'During 2025 Mrs. Patricia Holtom was a Trustee but not a Director of Man8reen Trust The Trust solicitors have been instructed to address the matter so that Mrs. Holtom is appointed as a Director of Mangreen Trust. Mrs. Coleman re5i8ned as a Trustee on 6 January 2025. REGISTERED COMPANY NUMBER REGISTERED CHARITY NUMBER 02178410 297985 REGISTERED OFFICE Mangreen Hall North Swardeston Norwich Norfolk NR14 8DD Independent Examiner Alan Evans. Ae8el Finance Meadow House Aylsham Norwich NRII 6DA Page 3 of 17
Company Registration Number 02178410 Registered Charity 297985 MANGREEN TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025 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 2(KJ6. The Trustees, who are also directors of Mangreen Trust for the purposes of the Companies Act 2006. present their annual report and financial statements for the year ended 31st December 2025. The Trustees have adopted the provisions of Accountin8 and Reportin8 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 IFRS 1021. Objertives and Activities Principal actlvitie5 The principal activity of the Tnjst during the financial year was the promotion of healin& education and wellbeing. This year has been very challenging in a lot of ways. not just financially with the spiralling costs and the tightenin8 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 as well as school children in Malawi throu8h the Dedza School Links charity. Our Dementia work continues with coffee mornings at Mangreen forthe carers as well as those that have Dementia. One of our trustees continues to hold zoom group meetings. We have been holdin8 space for Yo83 and Wellbein8 Retreats through third parties. These 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 Ioc31 Spiritual Man8reen community has continued with monthly meetings and coffee mornings. Our swimming pool continues to be popular. through word of mouth. and has been recognised as good place for disabled children and adult5 Wlth 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 access hoist, toilet facilities and steps that walk gradually down into the pool area. We are happy to provide space for The University of East Anglia for mentorin8 students to become counsellors in the future. Man8reen Trust has seen a bi8 increase in costs which we are tryingto take on board. Pa8e 4 of 17
Company Registration Number 02178410 Registered Charity 297985 The Mangreen Trust slte. Orchard Rooms & Sanctuary Users in 2025. Norfolk Moth Survey group. Angela Sellens-Drake-Reflexology and Complementary Health workshopslclinics. Dedza School Links Charity NHS senior management team NHS critical care Management team 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. Mancroft Advice Project IMAP). Norfolk and Norwich Scope AssociationlNANSA. Simon Delph . Leadingto change group. The Mankind Project. Norfolk Carers Support. NCC . SEND and ANDP groups. NCC . Norfolk Youth Offendin8Team. Mancraft Group. Men's help and Support group University of East Angela. counsellor training Mangreen Trust workshops Portar8e SEND Flnancial Review of 2025 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 conference facilities are used by a range of local organisations such as educational institutions, local authorities and health services. Income from the swimming pool has increased sharply following the investment in the facility. Overall the Trust incurred an operational profrt of £IOk, and an overall breakeven position after allowing for depreciation of £IIOlk. Mangreen Country House Retreats Ltd showed a loss of £118lk lincluding depreciation of £14lkl. The consolidated position for the Trust and its subsidiary is a1055 of £118lk. Within these figures provision has been made for the cost of closure of the tradin8 operations. Page 5 of 11
Company Registration Number 02178410 Registered Chariry 297985 All assets and liabilities of Mangreen Country House Retreats Ltd were transferred at book value to Mangreen Trust on 31 December 2025. Plans for the Future Trustees are concerned about the trading position. The Trust, and tts subsidiary Man8reen 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, experiencing reductions in disposable incomes thereby reducing discretionary expenditure. As a consequence, the Trust is in the process of changin8 its operation to achieve its charitable objectives. The Trustees have decided to commute the Trust into a 8rant giving Trust. To achieve this, they have decided to close its subsidiary company Mangreen Country House Retreats Ltd and liquidate it. The Trustees have also decided to sell M3n8reen Hall North in order to fund the new dlrettion of the Trust. Thus, the Financial Statements continue to be prepared on the 80in8concern basis. This report was approved by the Board on the 23 February 2026 and is signed on its behalf bv. Mrs Susan Ann Eagle Trustee Page 6 of 17
Company Registration Number 02178410 Registered 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 2025. Responsibilities and basis of report As the chariws trustees land also its directors for the purposes of cornpany lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061.the 2006 ACVI. 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 charitrfs 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 Section 145{5) Ib) of the 2011 Act. Independent examlnerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination 8ivin8 me cause to believe: accounting records were not kept in respect of the Company as 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 wtth the accounting requirements of 5ettion 396 of the 2006 Art otherthan any requirementthat the accounts give a true and fairview which is not a matter considered as part of an independent examination- or 4. the account5 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 preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. 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 changing the strategic direction of the Trust and its wholly owned subsidiary Mangreen Country House Retreats Ltd. Page 7 of 17
Company Registration Number 02178410 RegiSted Charlty 297985 MANGREEN TRUST Independent Examlnerfs Report to the Trustees of Mangreen Trust ('the Company) continued The Financial Statements have been prepared on a 80in8 concern basis. Alan Evans MSC M8A FCA 23 February 2026 Aegel Finance Meadow House Aylsham, Norfolk NRII 6DA Page 8 of 17
Company Re8lStration Number 02178410 Registered Charity 297985 MANGREEN TRUST Statement of Financial Activities For the year ended 31 December 2025 2025 2024 Unrestrirted Fund Restricted Total Funds Fund Total Funds Notes Donations and Bequests Artivities to further the charitVs objertives Earnings from services supplied Membership Fees Other incoming resources Total Incomin8 Resouros 126 126 120 22,691 22,691 26.900 44.504 6.115 73.436 44,504 6,115 73,436 28,683 598 57.301 Resources expended Charitable expenditure Cost of activities in furtherance of charity's objectives Management and administration of the charity Use of revenue for capital investment Total Outgoing Resources (63,215) {10.2151 {73,430) 191.177) {63.2151 110,215) 173,4301 191.1771 Surplus / (Loss) for the Year 10,221 110,2151 6 133,8761 Total Funds brou8ht forward Transfer of assets and liabilities from Man8reen Country House Retreats Ltd Total Funds carried fonvard Irestatedl 10,239 1.075.501 1,085,740 1,119,616 li 15,898 23.236 39,134 io 36,358 1,088.522 1,124,880 1,085,740 Page 9 of17
Company Registration Number 02178410 Registered Charity 297985 MANGREEN TRUST Balance Sheet As at 31 December 2025 2025 2024 Total Fund5 Notes Unrt5tricted Restricted Fund Fund Total Funds Fixed Assets Tangible Fixed Assets 1.088.522 1.088.522 1.075,501 Current Assets Stock 1.170 1.070 1,321 1,606 31,217 34,144 Debtors Cash at Bank and in hand 48.942 50.112 48,942 50,012 Current Liabilities Creditors: Amounts falling due within one year Intercompany balance owed to Mangreen Country House Ltd Net current assets / 113,6541 {13.6541 110,536) {57,3691 36,458 36.358 {33,7611 Total asséts less current Ilabilities Long term loan to Subsidiary Company Mangreen Country House Retreats Ltd 36.458 1.088.522 1.124,880 1.041.740 44,000 NET ASSETS 36.458 1.088,522 1,124,880 1.085.740 Capltal and reserves Unrestricted Funds Restricted Funds Restrirted Fund- Revaluation Reserve 36.358 88,522 10,239 75,501 I,0,000 I,0,000 TOTAL FUNDS io 1.124,880 1,085,740 Pa8e 10 of 17
Company Registration Number 02178410 Registered Charity 297985 MANGREEN TRUST Balance Sheet {continued) As at 31 December 2025 Mangreen Trust is a charity and a private company, limited by 8u3rantee. The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 3151 December 2025. The Members have not required the companyto obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with section 476 of the Companies Act 2006. The Trustees acknowled8e their responsibilities for ensurlng 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 3 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 Settions 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements. so far as applicable to the charitable company These financial statements have been prepared in accordance with the provislons applicable to charitable companies subjert to the small companies regime. The Financial Statements were approved bythe Board of Trustees and authorised for issue on 23 February 2026 and were si8ned on rts behalf by: Mrs Susan Ann Eagle Trustee Page 11 of 17
Company ReElStration Number 02178410 Re8lStered Charity 297985 MANGREEN TRUST Notes to the Financial Statements For the year ended 31 December 2025 l 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 'Accounting and Reportin8 by Charities.. Statement of Recommended Practice applicable to charities preparin8 their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland IFRS 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 cert3in financial instruments measured at fair value in accordance with the accounting policies. Income Income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable thatthe income will be received and the arnount 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 C05t 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 Nil 15% reducing balance 15% reducing balance 15% reducin8 balance 15% reducin8 balance 7.5% reducing balance GMLC and Candle Chapel New Orchard Room Page 12 of 17
Company Registration Number 02178410 Registered Charity 297985 MANGREEN TRUST Notes to the Financial Statements (continued) For the year ended 31 December 2025 Fixed Asset investments In February 2014. Messrs Irelands (chartered surveyors and valuersl prepared an informal valuation of thecurrent market value of thefreehold propertywhich was donated totheTrust 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 Ri)om. In their opinion the market value was £l,LYN).CW for the building and the 8rounds. The Trustees consider the valuation given by Messrs Irelands of £l,l)00.cMxI to be a fair value. Taxation The charity is exempt from corporation tax on its charttable activities. Fund accountSng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees. Restricted funds can only be used for particular purposes Wtthin the objetts of the charity, as specified by the donor or when raised for a particular purpose. 2 Operating profft 1110551 2025 2024 The operating profit / Ilossl is stated after charging: Depreciation of tan8ible red assets 10,215 11,140 3 Employees The average number of employees duringthe year was I12024= 11 No employee received emoluments in excess of £60.0(MI The remuneration paid to a Dirertor during the year was £nil 12024- £31,332) 4 Trustees There were no Trustees. remuneration paid for the year ended 31 December 2025 or for the year ended 31" December 2024. There were no Trustees, expenses paid for the year ended 3151 December 2025 or for the year ended 31" December 2024. 5 Financial Commitments Capital Commitments at 31 December 2025 were nil {2024: nil). Page 13 of 17
Company Re8lStration Number 02178410 Re8iStered Charity 297985 MANGREEN TRUST Notes to the Financial Statements (continued) For the year ended 31 December 2025 6 Tanglble flxed assets Freehold Property Mangreen Hall - Land and Buildings as acquired on formation of the Trust at no cost Valuation as at 31" December 2024 £k I,cx)o,000 New Office Plant. Fixtures aDd Offlce and Grounds Shop Equipment House Contents GMLC and Candle Chapel New Orchard Room TOTAL Cost or valuation As at l January 2025 164,545 39.266 13.5 21.878 117,617 356,896 Transfer from subsidiary company Disposals in year As at 310ecember 20,595 2.641 23,236 185.140 41.907 13,59) 21,878 117,617 380,132 2025 Depreclatlon As at l January 2025 136.386 16,320 I3.5 ' 20.373 94,726 280,395 Charge for the year As at 31 December 2025 4,224 140.610 4.048 20.368 226 1,717 96,443 10,215 291.610 13,590 20,599 Net book value5 C105ing balance as at 31 December 44,530 21.539 1.279 21,174 88,522 2025 Closing balance as at 31 December 2024 28,159 22.946 1,$05 22,891 75,501 Page 14 of 17
Company Registration Number 02178410 Registered Charity 297985 MANGREEN TRUST Notes to the Financial Statements (continued) For the year ended 31 December 2025 Debtors: amount5 falling due wlthin one year 2025 2024 Trade Debtors Prepayments and Accrued Income 1,327 279 1,606 Creditors: amounts falllng due within one year 2025 2024 Trade Creditors and Accruals PAYE and other payroll taxes VAT re Mangreen Country House Retreats Ltd Wages and Salaries 7.921 8.088 4,245 1.488 13,654 10.536 Long Term Debtor In 2019, the parent company Mangreen Trust provided Man8reen Country House Retreats Ltd with an interest free loan of £84k to finance the refurbishment of the Country House. In return for this, Man8reen Trust Country House Retreats Ltd undertook the maintenance and management of the site. The outstanding balance of £44,CKM) has been offset against other intercompany balances. Debtor: amounts fallin8 due after one year 2025 2024 Amounts owed to parent companv Page 15 of17
Company Registration Number 02178410 Registered Charity 297985 MANGREEN TRUST Notes to the Financial Statements (continued) For the year ended 31 December 2025 io Profit and Loss Account 2025 2024 Balance at the start of the year Profit / {Lossl for the year Transfer of assets and liabilities of Mangreen Country House Retreats Ltd- see note 11 1.085,740 1,119,616 (33,876 39,134 Balance at the end of the year 1.124,880 1,085,740 li Transfer of Assets and Liabilities of Mangreen Country House Retreats Ltd As a consequence of the decision to end the operational activities of its subsidiary and close the company, the following assets and liabilities were transferred to Mangreen Trust at 31" December 2025. At the same time intercompany balances and loan5 were eliminated. Tangible Fixed As5et3- net book value Current Assets Accruals VAT owing Elimination of intercompany balance Elimination of intercompany loan £23.236 £3.596 £(7.3891 £14,245) £67,936 £144,OCx)I £39,134 Page 16 of 17
Company Registration Number 02178410 Registered Charity 297985 MANGREEN TRUST Notes to the Financial Statement5 (continued) For the year ended 31 December 2025 12 Employment Costs The average number of staff employed and financed by the Trust during the year to 31" December 2024 was I full time12023: 1 full time). Other employment costs were rechar8ed as appropriate. 2025 2024 Employment Costs: Wages and Salaries. National Insurance. Trust pension costs Total Employment Costs 39,994 34,397 39,994 34,397 13 Commitments Commitments to long term leases as at 31 December 2025 were nil12024: nil) 14 Ultlmate Owner and Related Party transartions The Trust continued to support its wholly owned subsidiary Man8reen Country House Retreats Ltd throu8hout the year. The future plans are outlined in Note 11 above. Page 17 of 17