MANOR DEVELOPMENT COMPANY LIMITED
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £3,218,708, which exceeds its stated policy target of £205,000–£305,000. However, the independent auditor has reported a material uncertainty regarding the charity's ability to continue as a going concern due to net current liabilities of £160,987 and doubts over sufficient working capital while re-financing discussions are ongoing.
What the accounts disclose
“Reserves are built up and then maintained at a level that ensures that 6-9 months of the organisations’ current activity could continue during a period of unforeseen difficulty. At present this is estimated at or around £205-£305k.” — page 7
“We have identified a matter of concern in our report because we have concerns that the charity may not be able to continue as a going concern. Disclosure has been made in note 1.2 to the accounts concerning the charity's ability to continue as a going concern. Whilst re-financing discussions are taking place, there is some doubt over whether the charity has sufficient working capital over the next 12 months. The charity has net current liabilities of £160,987. These conditions, along with the matters explained in note 1.2 to the accounts, indicate the existence of a material uncertainty which may cast significant doubt about the charity's ability to continue as a going concern.” — page 11
“During the year the charitable company operated a loan account with its trading subsidiary company, Manor Development Company (Alison Centre) Limited. At 1 April 2023 the amount owed to Manor Development Company (Alison Centre) Limited from the charitable company was £322,833. During the year wages recharges of £194,923 and licence fees of £18,000 were charged by Manor Development Company Limited to its subsidiary. The subsidiary also made a gift aid donation of £90,892 to Manor Development Company Limited. At 31 March 2024 the amount due to Manor Development Company Limited from its trading subsidiary was £303,938.” — page 28
“The charitable company has control of 100% of the assets and trade of Manor Development Company (Alison Centre) Limited (company number 03581273), a company limited by guarantee.” — page 29
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (14/12/2012)
Trustees
- RICHARD FOSTERchair
- CATHERINE MARY DEAN
- Carol Ann Jenkinson
- Nicola Jowitt
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £642k | £369k |
| 31/03/2024 | £334k | £279k |
| 31/03/2023 | £334k | £261k |
| 31/03/2022 | £371k | £231k |
| 31/03/2021 | £297k | £213k |
Common questions
Is MANOR DEVELOPMENT COMPANY LIMITED financially healthy?
The accounts state that the charity holds unrestricted reserves of £3,218,708, which exceeds its stated policy target of £205,000–£305,000. However, the independent auditor has reported a material uncertainty regarding the charity's ability to continue as a going concern due to net current liabilities of £160,987 and doubts over sufficient working capital while re-financing discussions are ongoing. Its FY2024 accounts were audited by UHY Hacker Young.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| Point North Community Foundation | 1 | £882k |
| PAROCHIAL CHURCH COUNCIL OF ABBEYDALE AND MILLHOUSES | 1 | £2k |