2022-03-31-accounts - The Mayfield Trust

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								Pages
Trustees'	annual report (incorporating			the director's report)				1to 7
Independent auditor's		report to	the members					8to 13
Statement	offinancial	activities	(including		income snd expenditure		account)	14
Statement	offinancial	position						15
Statement	ofcash flows							16
Notes to	the financial	statements						17to 29
The following pages		do not form		part ofthe financial		statements
Detailed	statement offinancial		activities		(incorporating	the income and
expenditure account)								30to 31

Registered	charity name	charity name	The Mayfield	Trust
Charity registration		number	1002398
Company	registration	number	02562377
Principal	office and registered		Mayfield House
office			West Royd Close
			Halifax
			Hxl 3BE
The trustees			L A Shute			(Resigned	14February 2022)
			R C Scott
			SLAnderson
			EArundel			(Resigned	3 November 2021)
			SLPorteus
			L A Gibson			(Appointed	24 March 2022)
			RP Dougherty			(Appointed	24 March 2022)
Company	secretary		SLAnderson
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

					2022		2021
				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
			Note
Income and endowments
Donations and legacies			5	84		84	883
Charitable activities			6	3,299,506		3,299,506	2,712,283
Other trading activities			7	1,960		1,960	1,636
Investment income			8	10,606		10,606	10,509
Total income				3,312,156		3,312,156	2,725,311
Expenditure
Expenditure on raising funds:
Costs ofother trading	activities			(902)		(902)	(96)
Expenditure on charitable	activities		9,10	(2,842,729)		(Z)842,729)	(2,437,865)
Total expenditure				(2,843,631)		(2,843,631)	(2,437,961)
Net gains on investments			12	5,476		5,476	70,522
Net income and net movement		in funds		474,001		474,001	357,872
Reconciliation offunds
Total funds brought forward				1,778,450		1,778,450	1,420,578
Total funds carried forward				2,252,451		2,252,451	1,778,450

			31M	arch 2022
				2022		2021
			Note
Fixed assets
Tangible fixed assets			17		1,454,746		1,372,362
Investments			18		483,930		473,247
					1,938,676		1,845,609
Current assets
Debtors			19	273,873		249,995
Cash at bank	and in hand			589,412		300,463
				863,285		550,458
Creditors: amounts		falling due within
one year			20	228,945		274,677
Net current	assets				634,340		275,781
Total assets	less current liabilities				2,573,016		2,121,390
Creditors: amounts		falling due after
more than one year			21		320)565		342,940
Net assets					2,252,451		1,778,450
Funds ofthe	charity
Restricted funds
Unrestricted	funds				2,252,451		1,778,450
Total charity	funds		24		2,252,451		1,778,450

Year	ended 31March 202	2
		2022	2021
Cash flows from operating activities
Net income		474,001	357,872
Adjustments for:
Depreciation oftangible fixed assets		47,427	36,208
Net gains/(losses) on investments		(5,476)	(70,522)
Dividends, interest snd rents from investments		(10,606)	(10,404)
Other interest receivable and similar income			(105)
Interest payable and similar charges		1],306	11,727
Loss on disposal oftangible fixed assets		(600)	2,010
Accrued expenses/(income)		(65,957)	51,711
Changesin:
Trade and other debtors		(23,878)	224,932
Trade snd other creditors		20,428	(17,202)
Cash generated from operations		446,645	586,227
Interest paid		(11,306)	(11,727)
Interest received			105
Net cash from operating activities		435,339	574,605
Cash tlows from investing activities
Dividends, interest snd rents from investments		10,606	10,404
Purchase oftangible assets		(129,811)	(302,600)
Proceeds from sale oftangible assets		600	200
Purchases ofother investments		(296,872)	(109,267)
Proceeds from sale ofother investments		291,664	103,669
Net cash used in investing activities		(123,813)	(297,594)
Cash flows from tinancing activities
Proceeds from borrowings
Repayments ofborrowings		(33,883)	(33,725)
Interest paid		11,306	11,727
Net cash (used in)/from financing activities		(22,577)	(21,998)
Net increase/(decrease) in cash and cash	equivalents	288,949	255,013
Cash and cash equivalents at beginning	ofyear	300,463	45,450
Cash and cash equivalents at end ofyear		589,412	300,463

				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2022	Funds	2021
	Donations
	Donations			84	84	883	883
6.	Charitable	activities
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2022	Funds	2021
	Residential	Homes		1,093,502	1,093,502	1,037,709	1,037,709
	Leisure			453,653	453,653	328,928	328,928
	Supported	Living		1,752,351	1,752,351	1,345,646	1,345,646
				3,299,506	3,299,506	2,712,283	2,712,283
7.	Other trading		activities
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2022	Funds	2021
	Fundraising	events		1,960	1,960	1,636	1,636

						Unrestricted	Total Funds	Unrestricted	Total Funds
						Funds	2022	Funds	2021
	Interest and		dividends		receivable on
	investments					10,606	10,606	10,404	10,404
	Bank interest			receivable on		UK bank
	accounts							105	105
						10,606	10,606	10,509	10,509
9.	Expenditure			on charitable		activities by fund type
							Unrestricted	Restricted	Total Funds
							Funds	Funds	2022
	Residential		Homes				667,187		667,187
	Leisure						400,546		400,546
	Supported	Living					1,187,49]		1,187,491
	Support costs						587,505		587,505
							2,842,729		2,842,729
							Unrestricted	Restricted	Total Funds
							Funds	Funds	2021
	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

Expenditure	on charitable act	ivities by activity type
		Activities
		undertaken		Total funds	Total fund
		directly	Support costs	2022	2021
Residential	Homes	667,187	192,870	860,057	886,750
Leisure		400,546	103,625	504,171	509,619
Supported	Living	1,187,491	278,080	1,465,571	1,030,881
Governance	costs		12,930	12,930	10,615
		2,255,224	587,505	2,842,729	2,437,865

11.	Analysis of	s	up	po	rt costs	rt costs	rt costs
					Residential				Supported
							Homes	Leisure	Living	Total 2022	Total 2021
	Staffcosts						89,183	36,254	139,200	264,637	244,967
	Premises						42,578	11,237	48,593	102,408	159,590
	Communications				and IT		9,563	3,855	14,403	27,821	25,934
	Finance costs						5,992	2,486	9,352	17,830	17,455
	Governance	costs					4,358	1,771	6,801	12,930	10,615
	Travel and motor
	expenses						4,667	26,451	7,642	38,760	23,222
	Legal and professional						5,154	2,130	8,045	15,329	9,740
	Other expenses						19,633	15,267	26,063	60,963	49,064
	Depreciation		and		losses
	on disposal						16,100	5,945	24,782	46,827	38,218
							197,228	105,396	284,881	587,505	578,805
12.	Net gains/(losses)				on investments
								Unrestricted	Total Funds	Unrestricted	Total Funds
								Funds	2022	Funds	2021
	Gains/(losses)			on	sale oflisted
	investments							(668)	(668)	410	410
	Gains/(losses)			on	revaluation	of
	invesnnents							6,144	6,144	70,112	70,112
								5,476	5,476	70,522	70,522
13.	Net income
	Net income	is	stated after charging/(crediting):
										2022	2021
	Depreciation		oftangible fixed			assets				47,427	36,208
	Fees payable		for the audit ofthe				financial	statements		6,690	7,008
	Operating lease			costs; equipment						11,353	12,136
	Operating lease			costs: properly							1,923

Staff costs	Y	ear ended 31March	2022
The total staff costs and	employee	benefits for the reporting	period are analysed as follows
			2022	2021
			s
Wages and salaries			2,265,719	1,898,483
Social security costs			163,450	123,821
Employer contributions	to pension	plans	46,614	37,615
			2,475,783	2,059,919

Tangible fnted asse	ts
		Land and		Fixtures and		Motor
		buildings			fittings	vehicles	Total
					6	6
Cost
At 1 April 2021		1,514,290			298,547	81,429	1,894,266
Additions			99,121		30,690		129,811
Disposals						(10,000)	(10,000)
At 31March 2022		1,613,411			329,237	71,429	2,014,077
Depreciation
At 1 April 2021		209,777			235,284	76,843	521,904
Charge for the year			28,952		16,948	1,527	47,427
Disposals						(10,000)	(10,000)
At 31March 2022		238,729			252,232	68,370	559,331
Carrying amount
At 31March 2022		1,374,682			77,005	3,059	1,454,746
At 31 March 2021		1,304,513			63,263	4,586	1,372,362
The freehold land	and buildings	are recognised	at deemed		cost from	an earlier revaluation under
previous UK GAAP.
Investments
				Cash or cash		Listed
				equivalents		investments	Total
Cost or valuation
At 1 April 2021					10,624	462,623	473,247
Additions					168,032	128,839	296,872
Disposals					(134,237)	(157,427)	(291,664)
Fair value movements						5,476	5,476
At 31March 2022					44,419	439,511	483,930
Carrying amount
At 31March 2022					44,419	439,511	483,930
At 31 March 2021					10,624	462,623	473,247

19.	Debtors
				2022	2021
	Trade debtors			210,564	188,820
	Prepayments and accrued income			60,267	51,720
	Other debtors			3,042	9,455
				273,873	249,995
20.	Creditors: amounts	falling due within	one year
				2022	2021
	Bank loans and overdraAs			22,860	23,062
	Trade creditors			29,222	23,794
	Accruals and deferred income			111,276	177,233
	Social security and other taxes			40,906	29,304
	Other creditors			24,681	21,284
				228,945	274,677
21.	Creditors: amounts	falling due after	more than one year
				2022	2021
	Bank loans and overdrafts			320,565	342,940

Deferred income
	2022	2021
At I April 2021	88,063	48,855
Amount released to income	(88,063)	(48,855)
Amount deferred in year	30,814	88,063
At 31March 2022	30,814	88,063

Unrestricte	d funds
			At				Gains and	At
		1	April 2021	Income	Expenditure	Transfers	losses	31Mar2022
General funds			1,616,060	3,310,196	(2,839,578)		(668)	2,086,010
Investment
revaluation
reserve			157,833				6,144	163,977
Residential	Homes		763					763
Outreach Service			2,521	992	(806)			2,707
Supported	Living		1,273					1,273
Sensory Garden				968	(3,247)			(2,279)
			1,778,450	3,312,156	(2,843,631)		5,476	2&252&451
			At				Gains and	At
		I	April 2020	Income	Expenditure f	Transfers	losses	31 Mar 2021
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

Restricted funds
	At				Gains and	At
	1 April 2021	Income	Expenditure	Transfers	losses 31Mar2022
		f,
Gibraltar Road
Capital Equipment
Fund
Minibus
	At				Gains and	At
	1 April 2020	Income	Expenditure	Transfers	losses 31Mar 2021
Gibraltar Road
Capital Equipment
Fund	94		(94)
Minibus	15		(15)
	109		(109)

Analysis	ofnet ass	ets	betwe	en funds
					Unrestricted		Restricted	Total Funds
						Funds	Funds	2022
Tangible fixed assets						1,454,746		1,454,746
Investments						483,930		483,930
Current assets						863,285		863,285
Creditors	less than	1	year			(228,945)		(228,945)
Creditors	greater than		1 year			(320,565)		(320,565)
Net assets						2,252,45 1		2,252,451
					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
Financial	instruments
The carrying amount			for each category offinancial		instrument	is as follows:
							2022	2021
							8
Financial	assets measured			at fair value through	income and expenditure
Listed investments							439,511	462,623
Cash							44,420	10,624
							483,931	473,247

Analy	sis ofchanges in net debt
				At
		At 1 Apr 2021	Cash flows	31Mar 2022
Cash	at bank and in hand	300,463	288,949	589,412
Debt	due within one year	(23,062)	202	(22,860)
Debt	due after one year	(342,940)	22,375	(320,565)
		(65,539)	311,526	245,987

The total future	The total future	minimum	lease payments	leases are as	follows:
				2022	2021
Not later	than	1 year		10,979	11,040
Later than	1 year and not		later than 5 years	4,612	15,044
				15,591	26,084

		2022	2021
INCOMING RESOURCES:
VOLUNTARY INCOME
Donations		84	883
		84	883
ACTIVITIES FOR GENERATING FUNDS
Fundraising events		1,960	1,636
		1,960	1,636
INVESTMENT INCOME
Interest and dividends receivable	on investments	10,606	10,404
Bank interest receivable			105
		10,606	10,509
INCOMING RESOURCES FROM
CHARITABLE ACTIVITIES
Residential Homes		1,093,502	1,037,709
Leisure		453,653	328,928
Supported Living		1,752,351	1,345,646
		3,299,506	2,712,283
TOTAL INCOMING RESOURCES		3,312,156	2,725,311
RESOURCES EXPENDED:
FUNDRAISING
General fundraising costs		902	96
		902	96

			2022	2021
			g
COSTS OF CHARITABLE ACTIVITIES
Wages, national insurance	and pension contributions		2,469,543	2,053,939
Household expenses			50,318	50,088
Premises			102,408	159,590
Communications and IT			27,821	7,449
Legal and professional			15,329	9,740
Finance costs			17,830	17,455
Travel and motor expenses			38,760	23,222
Other expenses			60,963	67,549
Depreciation			47,427	36,208
(Gain)/loss on disposal of	tangible	assets	(600)	2,010
Governance costs
Wages and salaries			6,240	5,980
Premises costs				1,110
Audit fees			6,690	7,008
Legal fees				(3,483)
			2,842,729	2,437,865
TOTAL RESOURCES EXPENDED			2,843,631	2,437,961
NET INCOMING RESOURCES		BEFORE
REVALUATION GAINS/(LOSSES)			468,525	287,350
NET GAINS/(LOSSES)	ON INVESTMENTS
(Loss)/gain on disposal of	investments		(668)	410
Gain on revaluation ofinvestments			6, 144	70,112
			5,476	70,522
NET INCOMING RESOURCES		FOR THE YEAR	474,001	357,872