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|||||||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|
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|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||||||
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||||||||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|
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||||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|
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||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|
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|||||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|
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|||||||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|
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|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|
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||||||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|
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|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|
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|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|
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|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|
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||||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|
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|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|
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|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)|
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|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|
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