| Pages | ||||||
|---|---|---|---|---|---|---|
| Trustees' | annual report (incorporating | the director's report) | Ito 7 | |||
| Independent auditor's |
report to the members | 8to 13 | ||||
| Statement | offinancial | activities (including | income and expenditure | account) | 14 | |
| Statement | offinancial | position | 15 | |||
| Statement | ofcash flows | 16 | ||||
| Notes to | the financial | statements | 17to 29 |
| Registered | charity name | charity name | The Mayfield | The Mayfield | Trust | |||
|---|---|---|---|---|---|---|---|---|
| Charity registration | number | 1002398 | ||||||
| Company | registration | number | 02562377 | |||||
| Principal | office and registered | Mayfield House | ||||||
| office | West Royd | Close | ||||||
| Halifax | ||||||||
| HX1 3BE | ||||||||
| The trustees | L A Shute | |||||||
| A TMilner | (Resigned | 6 June 2020) | ||||||
| V Sharp | (Died 13April 2020) | |||||||
| RCScott | ||||||||
| SL Anderson | ||||||||
| EArundel | (Served from 17June 2020 to 3 | |||||||
| November | 2021) | |||||||
| SL Porteus | (Appointed | 28 October 2020) | ||||||
| Company | secretary | SL Anderson | ||||||
| Auditor | Walter Dawson &Son | |||||||
| Chartered accountants |
& statutory | auditor | ||||||
| First Floor | Offices, Unit A4 | |||||||
| Old Power | Way | |||||||
| Lowfields Business Park | ||||||||
| Elland | ||||||||
| HX5 9DE | ||||||||
| Bankers | Lloyds Bank | Pic | ||||||
| Commercial | Street | |||||||
| Halifax | ||||||||
| HX1 1BB | ||||||||
| Solicitors | Ramsdens | Solicitors LLP | ||||||
| Oakley House | ||||||||
| 1 Hungerford | Road | |||||||
| Huddersfield | ||||||||
| HD1 2TH |
| 2021 | 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||||
| funds | funds | Total funds | Total funds | ||||||
| Note | 8 | f. | |||||||
| Income and endowments | |||||||||
| Donations | and legacies | 5 | 883 | 883 | 389 | ||||
| Charitable | activities | 6 | 2,712,283 | 2,712,283 | 2,571,241 | ||||
| Other trading activities |
7 | 1,636 | 1,636 | 1,633 | |||||
| Investment | income | 8 | 10,509 | 10,509 | 8,717 | ||||
| Total income | 2,725,311 | 2,725,311 | 2,581,980 | ||||||
| Expenditure | |||||||||
| Expenditure | on raising funds: | ||||||||
| Costs | ofother | trading | activities | (96) | (96) | (226) | |||
| Expenditure | on charitable | activities | 9,10 | (2,437,756) | (109) | (2,437,865) | (2,340,560) | ||
| Total expenditure | (2,437,852) | (109) | (2,437,961) | (2,340,786) | |||||
| Net gains/(losses) on investments |
12 | 70,522 | 70,522 | (29,377) | |||||
| Net income | and net | movement | in funds | 357,981 | (109) | 357,872 | 211,817 | ||
| Reconciliation offunds |
|||||||||
| Total funds | brought | forward | 1,420,469 | 109 | 1,420,578 | 1,208,761 | |||
| Total funds | carried | forward | 1,778,450 | 1,778,450 | 1,420,578 |
| 31M | arch 2021 | ||||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Note | |||||||
| Fixed assets | |||||||
| Tangible fixed assets Investments |
17 18 |
1,372,362 473,247 |
1,108,180 397,127 |
||||
| 1,845,609 | 1,505,307 | ||||||
| Current assets |
|||||||
| Debtors Cash at bank |
and in hand | 19 | 249,995 300,463 |
474,927 45,450 |
|||
| 550,458 | 520,377 | ||||||
| Creditors: amounts | falling due within | ||||||
| one year | 20 | 274,677 | 239,177 | ||||
| Net current | assets | 275,781 | 281,200 | ||||
| Total assets | less current liabilities | 2,121,390 | 1,786,507 | ||||
| Creditors: amounts | falling due after | ||||||
| more than one year | 21 | 342,940 | 365,929 | ||||
| Net assets | 1,778,450 | 1,420,578 | |||||
| Funds ofthe | charity | ||||||
| Restricted funds | 109 | ||||||
| Unrestricted | funds | 1,778,450 | 1,420,469 | ||||
| Total charity | funds | 24 | 1,778,450 | 1,420,578 |
| Yea | r ended 31March 20 | 21 | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| 8 | ||||
| Cash flows from operating | activities | |||
| Net income | 357,872 | 211,817 | ||
| Adj us/ments for: | ||||
| Depreciation oftangible fixed assets |
36,208 | 24,032 | ||
| Net (gains)/losses on investments |
(70,522) | 29,377 | ||
| Dividends, interest and rents |
from investments | (10,404) | (8,710) | |
| Other interest receivable and similar income |
(105) | (7) | ||
| Interest payable and similar |
charges | 11,727 | 7,907 | |
| Loss on disposal oftangible | fixed assets | 2i010 | ||
| Accrued expenses/(income) | 51,711 | (27,909) | ||
| Changes in: | ||||
| Trade and other debtors | 224,932 | (259,885) | ||
| Trade and other creditors | (17,202) | 39,878 | ||
| Cash generated from operations |
586,227 | 16,500 | ||
| Interest paid | (11,727) | (7,907) | ||
| Interest received | 105 | 7 | ||
| Net cash from operating activities |
574,605 | 8,600 | ||
| Cash flows from investing | activities | |||
| Dividends, interest and rents |
from investments | 10,404 | 8,710 | |
| Purchase oftangible assets |
(302,600) | (441,985) | ||
| Proceeds from sale oftangible assets | 200 | |||
| Purchases ofother investments | (109,267) | (557,202) | ||
| Proceeds from sale ofother | investments | 103,669 | 523,467 | |
| Net cash used in investing activities |
(297,594) | (467,010) | ||
| Cash flows from financing | activities | |||
| Proceeds from borrowings | 400,000 | |||
| Repayments ofborrowings |
(33,725) | (19,907) | ||
| Interest paid | 11,727 | 7,907 | ||
| Net cash (used in)/from financing activities |
(21,998) | 388,000 | ||
| Net increase/(decrease) in cash and cash |
equivalents | 255,013 | (70,410) | |
| Cash and cash equivalents | st beginning | ofyear | 45,450 | 115,860 |
| Cash and cash equivalents | st end ofyear | 300,463 | 45,450 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
|---|---|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | ||||
| Donations | |||||||
| Donations | 883 | 883 | 389 | 389 | |||
| 6. | Charitable | activities | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2021 | Funds | 2020 | ||||
| Residential | Homes | 1,037,709 | 1,037,709 | 1,113,927 | 1,113,927 | ||
| Leisure | 328,928 | 328,928 | 767,473 | 767,473 | |||
| Supported | Living | 1,345,646 | 1,345,646 | 689,841 | 689,841 | ||
| 2,712,283 | 2,712,283 | 2,571,241 | 2,571,241 | ||||
| 7. | Other trading | activities | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2021 | Funds | 2020 | ||||
| Fundraising | events | 1,636 | 1,636 | 1,633 | 1,633 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | ||||||
| 8 | |||||||||
| Interest and | dividends | receivable on | |||||||
| investments | 10,404 | 10,404 | 8,710 | 8,710 | |||||
| Bank interest | receivable | on | UK bank | ||||||
| accounts | 105 | 105 | |||||||
| 10,509 | 10,509 | 8,717 | 8,717 | ||||||
| Expenditure | on charitable | activities by fund type | |||||||
| Unrestricted | Restricted | Total Funds | |||||||
| Funds | Funds | 2021 | |||||||
| 8 | |||||||||
| Residential | Homes | 656,945 | 656,945 | ||||||
| Leisure | 346,638 | 346,638 | |||||||
| Supported | Living | 855,477 | 855,477 | ||||||
| Support costs | 578,696 | 109 | 578,805 | ||||||
| 2,437,756 | 109 | 2,437,865 | |||||||
| Unrestricted | Restricted | Total Funds | |||||||
| Funds | Funds | 2020 | |||||||
| Residential | Homes | 678,840 | 678,840 | ||||||
| Leisure | 597,814 | 597,814 | |||||||
| Supported | Living | 415,822 | 415,822 | ||||||
| Support costs | 648,052 | 32 | 648,084 | ||||||
| 2,340,528 | 32 | 2,340,560 |
| Expenditur | e on charitable act |
ivities by activity type | |||
|---|---|---|---|---|---|
| Activities | |||||
| undertaken | Total funds | Total funds | |||
| directly | Support costs | 2021 | 2020 | ||
| Residential | Homes | 656,945 | 229,805 | 886,750 | 1,002,380 |
| Leisure | 346,638 | 162,981 | 509,619 | 786,183 | |
| Supported | Living | 855,477 | 175,404 | 1,030,881 | 505,254 |
| Governance | costs | 10,615 | 10,615 | 46,743 | |
| 1,859,060 | 578,805 | 2,437,865 | 2,340,560 |
| Residential | Residential | Residential | Supported | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Homes | Leisure | Living | Total 2021 | Total 2020 | |||||||
| Staffcosts | 99,299 | 68,043 | 77,625 | 244,967 | 309,710 | ||||||
| Premises | 61,160 | 41,439 | 56,991 | 159,590 | 110,646 | ||||||
| Communications | and IT | 2,227 | 847 | 4,375 | 7,449 | 9,830 | |||||
| Finance costs | 7,076 | 4,848 | 5,531 | 17,455 | 13,846 | ||||||
| Governance costs |
4,302 | 2,949 | 3,364 | 10,615 | 46,743 | ||||||
| Travel and motor | |||||||||||
| expenses | 2,789 | 17,450 | 2,983 | 23i222 | 54,191 | ||||||
| Legal and professional | 9,399 | 341 | 9,740 | 17,928 | |||||||
| Other expenses | 25,278 | 25,404 | 16,867 | 67,549 | 61,158 | ||||||
| Depreciation | and | losses | |||||||||
| on disposal | 22,577 | 4,609 | 11,032 | 38,218 | 24,032 | ||||||
| 234,107 | 165,930 | 178,768 | 578,805 | 648,084 | |||||||
| 12. | Net gains/(losses) | on investments | |||||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||||
| Funds | 2021 | Funds | 2020 | ||||||||
| Gains on sale | oflisted investments | 410 | 410 | 4,557 | 4,557 | ||||||
| Gains/(losses) | on | revaluation | of | ||||||||
| investments | 70,112 | 70,112 | (33,934) | (33,934) | |||||||
| 70,522 | 70,522 | (29,377) | (29,377) | ||||||||
| 13. | Net income | ||||||||||
| Net income is stated after charging: | |||||||||||
| 2021 | 2020 | ||||||||||
| Depreciation | oftangible | fixed | assets | 36,208 | 24,032 | ||||||
| Fees payable | for the audit ofthe | financial | statements | 7,008 | 6,858 | ||||||
| Operating lease |
costs: equipment | 12,136 | 13,304 | ||||||||
| Operating lease |
costs: property | 1,923 | 22,504 |
| Staff costs | Y | ear ended 31March | 2021 | |
|---|---|---|---|---|
| The total staff costs and | employee | benefits for the reporting | period are analysed as follows |
|
| 2021 | 2020 | |||
| 8 | ||||
| Wages and salaries | 1,898,483 | 1,786,719 | ||
| Social security costs | 123,821 | 127,257 | ||
| Employer contributions |
to pension | plans | 37,615 | 38,748 |
| 2,059,919 | 1,952,724 |
| full-time equivalent em |
ployees during the year is anal |
ysed as follows: |
|
|---|---|---|---|
| 2021 | 2020 | ||
| No. | No. | ||
| Office and management | staff | 11 | 12 |
| Care workers | 76 | 77 | |
| 87 | 89 |
| Tangible fixed assets | ||||
|---|---|---|---|---|
| Land and | Fixtures and | Motor | ||
| buildings | fittings | vehicles | Total | |
| Cost | ||||
| At I April 2020 |
1,257,090 | 377,942 | 83,414 | 1,718,446 |
| Additions | 257,200 | 45,400 | 302,600 | |
| Dispo sais | (124,795) | (1,985) | (126,780) | |
| At 31March 2021 | 1,514,290 | 298,547 | 81,429 | 1,894)266 |
| Depreciation | ||||
| At 1 April 2020 |
187,158 | 346,760 | 76,348 | 610,266 |
| Charge for the year | 22,619 | 11,265 | 2,324 | 36,208 |
| Disposals | (122,741) | (1,829) | (124,570) | |
| At 31March 2021 | 209,777 | 235,284 | 76,843 | 521,904 |
| Carrying amount |
||||
| At 31March 2021 | 1,304,513 | 63,263 | 4,586 | 1,372,362 |
| At 31 March 2020 | 1,069,932 | 31,182 | 7,066 | 1,108,180 |
| Cash or cash | Listed | ||
|---|---|---|---|
| equivalents | investments | Total | |
| Cost or valuation | |||
| At 1 April 2020 | 53,824 | 343,303 | 397,127 |
| Additions | 35,436 | 73,831 | 109,267 |
| Disposals Fair value movements |
(78,636) | (25,033) 70,522 |
(103,669) 70,522 |
| At 31March 2021 | 10,624 | 462,623 | 473,247 |
| Carrying amount |
|||
| At 31March 2021 | 10,624 | 462,623 | 473,247 |
| At 31 March 2020 | 53,824 | 343,303 | 397,127 |
| 19. | Debtors | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| K | |||||
| Trade debtors | 188,820 | 326,364 | |||
| Prepayments and accrued income |
51,720 | 130,747 | |||
| Other debtors | 9,455 | 17,816 | |||
| 249,995 | 474,927 | ||||
| 20. | Creditors: amounts | falling due within | one year | ||
| 2021 | 2020 | ||||
| Bank loans and overdrafts | 23,062 | 22,071 | |||
| Trade creditors | 23,794 | 26,873 | |||
| Accruals and deferred | income | 177,233 | 125,522 | ||
| Social security and other taxes | 29,304 | 31,601 | |||
| Other creditors | 21,284 | 33,110 | |||
| 274,677 | 239,177 | ||||
| 21. | Creditors: amounts | falling due after | more than one year | ||
| 2021 | 2020 | ||||
| Bank loans and overdrafts | 342,940 | 365,929 |
| 2021 | 2020 | ||
|---|---|---|---|
| At I April 2020 | 48,855 | 26,977 | |
| Amount released |
to income | (48,855) | (26,977) |
| Amount deferred |
in year | 88,063 | 48,855 |
| At 31March 2021 | 88,063 | 48,855 |
| At | Gains and | At | ||||||
|---|---|---|---|---|---|---|---|---|
| 1 April 2020 | Income | Expenditure | Transfers | losses 31Mar2021 | ||||
| K | ||||||||
| General funds | 1,329,827 | 2,723,675 | (2,437,852) | 410 | 1,616,060 | |||
| Investment | ||||||||
| revaluation | ||||||||
| reserve | 87,721 | 70,112 | 157,833 | |||||
| Residential | Homes | 763 | 763 | |||||
| Outreach | Service | 885 | 1,636 | 2,521 | ||||
| Supported | Living | 1,273 | 1,273 | |||||
| 1,420,469 | 2,725,311 | (2,437,852) | 70,522 | 1,778,450 | ||||
| At | Gains and | At | ||||||
| 1 April 2019 | Income | Expenditure | Transfers | losses 31Mar 2020 | ||||
| General funds | 1,078,832 | 2,580,347 | (2,339,047) | 5,138 | 4,557 | 1,329,827 | ||
| Investment | ||||||||
| revaluation | ||||||||
| reserve | 121,655 | (33,934) | 87,721 | |||||
| Summer Scheme | 1,070 | (1,070) | ||||||
| Residential | Homes | 1,402 | 491 | (1,130) | 763 | |||
| Outreach | Service | 1,593 | 951 | (1,659) | 885 | |||
| Supported | Living | 191 | (48) | 1,130 | 1,273 | |||
| 1,204,552 | 2,581,980 | (2,340,754) | 4,068 | (29,377) | 1,420,469 |
| Restricted funds | ||||||
|---|---|---|---|---|---|---|
| At | Gains and | At | ||||
| I April 2020 | Income | Expenditure | Transfers | losses 31Mar2021 | ||
| Gibraltar Road | ||||||
| Capital Equipment | ||||||
| Fund | 94 | (94) | ||||
| Minibus | 15 | (15) | ||||
| 109 | (109) | |||||
| At | Gains and | At | ||||
| I April 2019 | Income | Expenditure | Transfers | losses 31 Mar 2020 | ||
| Gibraltar Road | ||||||
| Capital Equipment | ||||||
| Fund | 118 | (24) | 94 | |||
| Summer Scheme | 4,068 | (4,068) | ||||
| Minibus | 23 | (8) | 15 | |||
| 4,209 | (32) | (4,068) | 109 |
| 25. | Analysis ofn | et assets | betwe | en funds | ||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2021 | ||||||
| Tangible fixed assets | 1,372,362 | 1,372,362 | ||||||
| Investments | 473,247 | 473,247 | ||||||
| Current assets | 550,458 | 550,458 | ||||||
| Creditors less | than 1 year |
(274,677) | (274,677) | |||||
| Creditors greater than | I year | (342,940) | (342,940) | |||||
| Net assets | 1,778,450 | 1,778,450 | ||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2020 | ||||||
| Tangible fixed assets | 1,108,071 | 109 | 1,108,180 | |||||
| Investments | 397,127 | 397,127 | ||||||
| Current assets | 520,377 | 520,377 | ||||||
| Creditors less | than 1 year |
(239,177) | (239,177) | |||||
| Creditors greater than | 1 year | (365,929) | (365,929) | |||||
| Net assets | 1,420,469 | 109 | 1,420,578 | |||||
| 26. | Financial instruments |
|||||||
| The carrying | amount | for each category offinancial | instrument | is as follows: | ||||
| 2021 | 2020 | |||||||
| Financial assets measured | at fair value through | income and expenditure | ||||||
| Listed investments | 462,623 | 343,303 | ||||||
| Cash | 10,624 | 53,824 | ||||||
| 473,247 | 397,127 | |||||||
| 27. | Analysis ofchanges | in net debt | ||||||
| At | ||||||||
| At I Apr 2020 | Cash flows | 31Mar 2021 | ||||||
| Cash at bank | and in hand | 45,450 | 255,013 | 300,463 | ||||
| Debt due within one year | (22,071) | (991) | (23,062) | |||||
| Debt due after one year | (365,929) | 22,989 | (342,940) | |||||
| (342,550) | 277,011 | (65,539) |
| The total | future minimum | lease payments | under non-cancellable | operating | leases are as | follows: |
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Not later than 1year |
11,040 | 14,133 | ||||
| Later than | 1 year and not | later than 5 years | 15,044 | 24,057 | ||
| 26,084 | 38,190 |