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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|
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|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|||||
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||||||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|
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||||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|
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|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|
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|||||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|
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|||||||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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)||||
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|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|
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|The total future|The total future|minimum|lease payments|under non-cancellable|operating|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|
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|||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|
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||||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|