THE MANIFOLD TRUST
ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2025
Structure, Governance, Management and Administration
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The Manifold Trust (“the Charity’) is constituted by a Deed of Trust dated 21 December 1982 and is a registered charity numbered 326332. Its address for correspondence is 6a George Street, Hockley, Nottingham, NG1 3BE.
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The Charity trustees during the year to 5 April 2025 were Adrian Charles Henry Noskwith and Laura Christina Godsal. The power of appointing new trustees of the Charity is vested in Mr Adrian Charles Henry Noskwith during his lifetime.
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The solicitors for the Charity are Womble Bond Dickinson, 4 More London, Riverside, London, SE1 2AU. The Independent Examiner ofthe[Charity][is][Nicholas][Poole][of][ Poole] Associates Limited, Chartered Certified Accountants, of 6a George Street, Hockley, Nottingham.
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The trustees have wide investment powers being the same full and unrestricted powers of investing as if they were a single beneficial owner. This is set out in Clause 6(b) of the Deed of Trust.
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The trustees keep the identification, evaluation, and management of risk with the charity under constant review. This is to ensure that the charity is in full compliance with the law and relevant regulations of best practice generally. Funds were managed by Sarasin & Partners as at 5 April 25.
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The preparation and general administration of the Charity’s Financial Statements are dealt with by Nicholas Poole of Poole Associates Limited.
Objects and Activities
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The objects of the Charity are to advance education and religion, to relieve persons in necessitous circumstances and further any other charitable purposes the trustees may think fit.
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In planning the activities and grants for the year, the trustees have carefully kept in mind the Charity Commission’s guidance on public benefit.
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The Charity carried out these objects by making grants for the public benefit to appropriate charities in accordance with the Charity’s objects.
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The trustees’ policy on grant-making is to consider all charities to whom grants have been made in previous years and to consider appeals from new charities. Each application is considered independently on its merits, taking into account and the amount of grant required. Any benefit to the Charity or its officers must be incidental.
Achievements and performance
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All grants made during the year were in accordance with the objects of the charity. The majority of grants were made to charities registered with the Charity Commission.
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This year the Charity has made grants totalling £97,250 (2024 - £117,651). The largest individual grants were.
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-Jewish Futures Trust Ltd - £57,500
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-lsrael Community Europe - £17,500
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-Nottingham Liberal Synagogue £16,000
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The trustees’ policy on reserves is to accrue funds for major grants in line with the charity’s policy of supporting education and persons in need.
Financial Review
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During the year to 5 April 2025, the Charity has pursued a policy of maximising income from its investments whilst at the same time ensuring capital growth of those investments. Investment income received totalled £83,611 (2024 - £54,088).
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Other than as previously mentioned, the Charity has no-on going items of expenditure, projects not completed or obligations not yet met.
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At 5 April 2025 the market value of investments held by the trust was £2,448,147 (2024 - £2,379,084), and the net current assets of the trust were £26,653 (2024£43,265). Total funds of the trust were £2,474,800 (2024- £2,422,349).
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It is accordingly the trustees’ view that the Charity’s assets are available and adequate to fulfil the present obligations of the Charity.
ACH Noskwith . ~~oes{CH Noskwith~~ Trustee
Date 05/02/2026
THE MANIFOLD TRUST
STATEMENT OF FINANCIAL ACTIVITIES
AND
BALANCE SHEET
FOR THE YEAR ENDED
5 APRIL 2025
THE MANIFOLD TRUST
CONTENTS FOR THE YEAR ENDED5 APRIL 2025
Page
1 Trust information 2 Trustees Approval 3 Independent Examiners Report 4 Statement of Financial Activities 5 Balance Sheet 6 to9 Notes to the Accounts
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THE MANIFOLD TRUST
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2025
(Charity no 326332)
| report to the trustees in my examination of the accounts of the above charity (‘The Manifold Trust’) for the year ended 5 April 2025, which are set out on pages 4 to 9 ~~.~~
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirement of the Charities Act 2011 ("the Act").
| report in respect of my examination of the Trust's accounts carried under section 145 of the 2011 Act and in carrying out my examination. | have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act ~~.~~
Independent examiner's statement
| have completed my examination, | confirm that no material matters have come to my attention (other than that disclosed below) in connection with the examination which give me cause to believe that in any material respect:
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° accounting records were not kept in accordance with section 130 of the Act or
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° the accounts do not accord with the accounting records: or
° the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examintation.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached
signea AZehobse ola
Date 5 February 2026
Nicholas Poole FCCA (Chartered Certified Accountant) Poole Associates Limited
Chartered Certified Accountants 6a George Street Nottingham NG1 3BE
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THE MANIFOLD TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED5 APRIL 2025
1 Accounting Policies
Preparation of Accounts
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the accounts, and on the accruals basis in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Funds Structure
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed ~~.~~ Unrestricted income funds are those funds which the trustees are free to use for any purpose in the furtherance of the charity's objectives.
Income
Donations (whether intended by the donor to be taken as additional income or as an addition to the Capital Fund of the Charity) are recognised when the charity becomes entitled to the resources ~~.~~ Any tax repayment resulting from the receipt of the donations is also accounted for in the period in which the donation is recognised.
Investment income is recognised within the accounts when the charity becomes entitled to the income ~~.~~ This income includes any income tax which may be recoverable.
Grants Payable
Distributions are only made to other charities and are recognised in the accounts when a commitment for payment payment is made ~~.~~
Expenditure
Expenditure is allocated to the General Income Fund since it is the intention of the Trustees that the capital of the trust is to remain intact. It is the Trustees’ policy not to make any claims for any expenses which they incur in relation to the operation or management of the charity ~~.~~ Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the obligation can be reliabily measured ~~.~~
All expenditure is accounted for on the accruals basis.
Investments
Investment assets are stated at market value at the balance sheet date and any unrealised gains or losses arising in the year are shown separately within the accounts for the year.
The investments have been valued at market value by the relevant professional investment managers in respect of investments managed by them. Other investments have been valued based on published information.
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THE MANIFOLD TRUST
NOTES TO THE ACCOUNTS
5 Statement of Funds
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|At|At|
|6|April|Investment|5|April|
|2024|Income|Expenditure|Gains/(Losses)|2025|
|£|£|£|£|£|
|General|Income|Fund|and|total|2,149|58,838|48,568|-|12,419|
|unrestricted|fund|
|Capital|Expenditure|Endowment|Fund|
|and|total|restricted|fund|2,420,200|24,773|57,500|74,908|2,462,381|
|Total|Funds|2,422|349|83,611|106,068|74,908|2,474,800|
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The general income fund represents the free funds of the charity which are not designated for particular purposes ~~.~~
At the present time the Capital Expenditure Endowment Fund is, in accordance with the trustees policy, intended to create a capital base which will provide a long term income.
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|6|Fees|for|examination|of the|accounts|
|£|£|
|Independent|examiner's|fees|——____1.200|_1.980|
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- 7 Employees
During 2025 the trust did not have any employees ( 2024 ~~-~~ none).
- 8 Transactions with trustees and related parties
None of the trustees have been paid any remuneration, expenses, or received any other benefits from an employment with their charity or a related entity ~~.~~
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