| 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 and expenditure | account) | 14 | |
| Statement | offinancial | position | 15 | |||
| Statement | ofcash flows | 16 | ||||
| Notes to | the financial | statements | 17to 28 |
| 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 | ||||||
| HX1 3BE | ||||||
| The trustees | RC Scott | |||||
| SLAnderson | ||||||
| SLPorteus | ||||||
| LA Gibson | ||||||
| RP Dougherty | ||||||
| Company | secretary | SLAnderson | ||||
| Auditor | Walter Dawson &Son | |||||
| Chartered accountants |
&statutory | auditor | ||||
| First Floor Offices, Unit A4 | ||||||
| Old Power Way | ||||||
| Lowfields Business Park | ||||||
| Elland | ||||||
| HXS 9DE | ||||||
| Bankers | Lloyds Bank | Plc | ||||
| Commercial | Street | |||||
| Halifax | ||||||
| HX1 1BB | ||||||
| Solicitors | Ramsdens Solicitors LLP |
|||||
| Oakley House | ||||||
| 1 Hungerford | Road | |||||
| Huddersfield | ||||||
| HD1 2TH |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||||
| funds | funds | Total funds | Total funds | |||||
| Note | ||||||||
| Income and | endowments | |||||||
| Donations and legacies |
5 | 1,541 | 1,541 | 84 | ||||
| Charitable activities |
6 | 3,849,736 | 3,849,736 | 3,299,506 | ||||
| Other trading activities | 7 | 9,492 | 9,492 | 1,960 | ||||
| Investment | income | 8 | 8,759 | 8&759 | 10,606 | |||
| Total income | 3,869,528 | 3,869,528 | 3,312,156 | |||||
| Expenditure | ||||||||
| Expenditure | on raising funds: | |||||||
| Costs | ofother trading | activities | (2,63 1) | (2,631) | (902) | |||
| Expenditure | on charitable | activities | 9,10 | (3,724,080) | (3,724)080) | (2,842,729) | ||
| Total expenditure | (3,726,71 1) | (3,726,711) | (2,843,631) | |||||
| Net (losses)/gains on invesnnents |
12 | (23,281) | (23,281) | 5,476 | ||||
| Net income | and net movement | in funds | 119,536 | 119)536 | 474,001 | |||
| Reconciliation offunds |
||||||||
| Total funds | brought forward |
2,252,451 | 2,252,451 | 1,778,450 | ||||
| Total funds | carried forward | 2,371,987 | 2,371,987 | 2,252,451 |
| 31M | arch 2023 | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Note | ||||||
| Fixed assets | ||||||
| Tangible fixed assets | 17 | 1,882,902 | 1,454,746 | |||
| Investments | 18 | 464,358 | 483,930 | |||
| 2,347,260 | 1,938,676 | |||||
| Current assets |
||||||
| Debtors | 19 | 373,929 | 273,873 | |||
| Cash at bank and in hand | 249,688 | 589,412 | ||||
| 623,617 | 863,285 | |||||
| Creditors: amounts | falling due within | |||||
| one year | 20 | 296,561 | 228,945 | |||
| Net current assets |
327,056 | 634,340 | ||||
| Total assets less current liabilities | 2,674,316 | 2,573,016 | ||||
| Creditors: amounts | falling due after | |||||
| more than one year | 21 | 302,329 | 320,565 | |||
| Net assets | 2&371&987 | 2,252,451 | ||||
| Funds ofthe charity | ||||||
| Restricted funds | ||||||
| Unrestricted funds |
2,371,987 | 2,252,45 1 | ||||
| Total charity funds | 24 | 2,371,987 | 2,252,451 |
| Year | ended 31March 202 | 3 | |
|---|---|---|---|
| 2023 | 2022 | ||
| Cash flows from operating activities |
|||
| Net income | 119,356 | 474,001 | |
| Adjustments for: | |||
| Depreciation oftangible fixed assets | 55,$94 | 47,427 | |
| Net (losses)/gains on investments |
23,2$1 | (5,476) | |
| Dividends, interest aod rents from investments |
(8,759) | (10,606) | |
| Interest payable and similar charges |
16,994 | 11,306 | |
| Profit on disposal oftangible fixed assets | (4,078) | (600) | |
| Accrued expenses/(income) | 52,392 | (65,957) | |
| Changes in: | |||
| Trade and other debtors | (100,056) | (23,87$) | |
| Trade and other creditors | 18,025 | 20,428 | |
| Cash generated from operations |
173,229 | 446,645 | |
| Interest paid | (16,994) | (11,306) | |
| Net cash from operating activities |
156,235 | 435,339 | |
| Cash flows from investing activities |
|||
| Dividends, interest and rents from investments |
8,759 | 10,606 | |
| Purchase oftangible assets | (484,172) | (129,811) | |
| Proceeds from sale oftangible assets |
4,200 | 600 | |
| Purchases ofother investments | (7499852) | (296,872) | |
| Proceeds from sale ofother investments | 746,143 | 291,664 | |
| Net cash used in investing activities |
(474,922) | (123,813) | |
| Cash flows from financing activities |
|||
| Repayments ofboirowings |
(38,031) | (33,883) | |
| Interest paid | 16,994 | 11,306 | |
| Net cash (used in)/from financing activities |
(21,037) | (22,577) | |
| Net increase/(decrease) in cash and cash |
equivalents | (339,724) | 288,949 |
| Cash and cash equivalents at beginning |
ofyear | 589,412 | 300,463 |
| Cash and cash equivalents at end ofyear |
249,68$ | 589,412 |
| 5. | Donations | and | legacies | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2023 | Funds | 2022 | ||||
| Donations | |||||||
| Donations | 1,541 | 1,541 | 84 | ||||
| 6. | Charitable | activities | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2023 | Funds | 2022 | ||||
| Residential | Homes | 1,004,864 | 1,004,864 | 1,093,502 | 1,093,502 | ||
| Leisure | 604,685 | 604,685 | 453,653 | 453,653 | |||
| Supported | Living | 2,240,187 | 2,240,187 | 1,752,351 | 1,752,351 | ||
| 3,849,736 | 3,849,736 | 3,299,506 | 3,299,506 | ||||
| 7. | Other trading | activities | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2023 | Funds | 2022 | ||||
| Fundraising | events | 9,492 | 9,492 | 1,960 | 1,960 |
| 8. | Investment | income | Year ended 31March | Year ended 31March | 2023 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2023 | Funds | 2022 | ||||||
| 8 | |||||||||
| Interest snd | dividends | receivable on | |||||||
| investments | 8,759 | $,759 | 10,606 | 10,606 | |||||
| 9. | Expenditure | on charitable | activities by fund type | ||||||
| Unrestricted | Restricted | Total Funds | |||||||
| Funds | Funds | 2023 | |||||||
| 6 | |||||||||
| Residential | Homes | 798,953 | 798,953 | ||||||
| Leisure | 521,952 | 521,952 | |||||||
| Supported | Living | 1,621,044 | 1,621,044 | ||||||
| Support costs | 782,131 | 782,131 | |||||||
| 3,724,080 | 3,724,080 | ||||||||
| Unrestricted | Restricted | Total Funds | |||||||
| Funds | Funds | 2022 | |||||||
| g | |||||||||
| Residential | Homes | 667,187 | 667,187 | ||||||
| Leisure | 400,546 | 400,546 | |||||||
| Supported | Living | 1,187,491 | 1,187,491 | ||||||
| Support costs | 587,505 | 587,505 | |||||||
| 2,842,729 | 2,842,729 | ||||||||
| 10. | Expenditure | on charitable | activities by activity type | ||||||
| Activities | |||||||||
| undertaken | Total funds | Total fund | |||||||
| directly | Support costs | 2023 | 2022 | ||||||
| Residential | Homes | 798,953 | 234,191 | 1,033,144 | 860,057 | ||||
| Leisure | 521,952 | 115,175 | 637,127 | 504,171 | |||||
| Supported | Living | 1,621,044 | 416,585 | 2,037,629 | 1,465,571 | ||||
| Governance | costs | 16,180 | 16,180 | 12,930 | |||||
| 2,941,949 | 782,131 | 3,724,0$0 | 2,842,729 |
| Analysis ofs | upp | ort costs | ||||||
|---|---|---|---|---|---|---|---|---|
| Residential | Supported | |||||||
| Hoines | Leisure | Living | Total 2023 | Total 2022 | ||||
| 6 | ||||||||
| Staffcosts | 86,693 | 48,335 | 180,895 | 315,923 | 264,637 | |||
| Premises | 87,233 | 13,965 | 63,568 | 164,766 | 102,408 | |||
| Communications | and IT | 9,647 | 4,652 | 18,611 | 32,910 | 27,821 | ||
| Finance costs | 6,372 | 3,585 | 13,297 | 23,254 | 17,830 | |||
| Governance costs |
4,440 | 2,475 | 9,265 | 16,180 | 12,930 | |||
| Travel and motor | ||||||||
| expenses | l,683 | 10,738 | 6,749 | 19,170 | 38,760 | |||
| Legal and professional | 7,437 | 3,722 | 13,932 | 25,091 | 15,329 | |||
| Other expenses | 22,435 | 23,818 | 37,814 | 84,067 | 60,963 | |||
| Bad debts | 48,954 | 48,954 | ||||||
| Depreciation | and | profits | ||||||
| on disposal | 12,691 | 6,360 | 32,765 | 51,816 | 46,827 | |||
| 238,631 | 117,650 | 425,850 | 782,131 | 587,505 | ||||
| Net gains/0osses) | on investments | |||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2023 | Funds | 2022 | |||||
| Losses on sale oflisted investments | (16,244) | (16,244) | (668) | (668) | ||||
| (Losses)/(gains) | on revaluation | of | ||||||
| investments | (7,037) | (7,037) | 6,144 | 6,144 | ||||
| (23,281) | (23,281) | 5,476 | 5,476 | |||||
| Net income | ||||||||
| Net income is | stated a0er charging/(crediting): | |||||||
| 2023 | 2022 | |||||||
| Depreciation | oftangible fixed assets | 55,894 | 47,427 | |||||
| Gain on disposal | oftangible | assets | (4,078) | (600) | ||||
| Fees payable | for | the audit of | the | financial | statements | 9,420 | 6,690 | |
| Operating lease costs: equipment |
11,225 | 11,353 |
| Staff costs | Y | ear ended 31March | 2023 | |
|---|---|---|---|---|
| The total staff costs and | employee | benefits for the reporting | period are analysed as follows |
|
| 2023 | 2022 | |||
| 5 | ||||
| Wages and salaries | 2,952,434 | 2,265,719 | ||
| Social security costs | 213,031 | 163,450 | ||
| Employer contributions |
to pension | plans | 52,139 | 46,614 |
| 3,217,604 | 2,475,783 |
| full-time equivalent emp |
loyees during the year is analy |
sed as follows: |
|
|---|---|---|---|
| 2023 | 2022 | ||
| No. | No. | ||
| Office and management | staff | 13 | 14 |
| Care workers | 110 | 94 | |
| 123 | 108 |
| Land and | Fixtures and | Motor | |||
|---|---|---|---|---|---|
| buildings | fittings | vehicles | Total | ||
| K | |||||
| Cost | |||||
| At 1 April | 2022 | ],613,411 | 329,237 | 71,429 | 2,014,077 |
| Additions | 431,687 | 43,490 | 8,995 | 484,172 | |
| Disposals | (8,995) | (8,995) | |||
| At 31March 2023 | 2,045,098 | 372,727 | 71,429 | 2,489,254 | |
| Depreciation | |||||
| At 1 April | 2022 | 238,729 | 252,232 | 68,370 | 559,331 |
| Charge for | the year | 34,854 | 19,041 | 1,999 | 55,$94 |
| Disposals | (8,873) | (8,873) | |||
| At 31March 2023 | 273,583 | 271,273 | 61,496 | 606,352 | |
| Carrying | amount | ||||
| At 31March 2023 | 1,771,515 | 101,454 | 9,933 | 1,$$2,902 | |
| At 31 March 2022 | 1,374,682 | 77,005 | 3,059 | 1,454,746 |
| Cash or cash | Listed | |||
|---|---|---|---|---|
| equivalents | investments | Total | ||
| Cost or valuation | ||||
| At 1 April | 2022 | 44,419 | 439,511 | 483,930 |
| Additions | 417,821 | 332,031 | 749,852 | |
| Disposals | (437,495) | (308,648) | (746,143) | |
| Fair value | movements | (23,281) | (23,281) | |
| At 31March 2023 | 24,745 | 439,613 | 464,35$ | |
| Carrying | amount | |||
| At 31March 2023 | 24,745 | 439,613 | 464,358 | |
| At 31 March 2022 | 44,419 | 439,511 | 483,930 |
| 19. | Debtors | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Trade debtors | 184,148 | 210,564 | ||||
| Prepayments and accrued income |
188,576 | 60,267 | ||||
| Other debtors | 1,205 | 3,042 | ||||
| 373,929 | 273,873 | |||||
| 20. | Creditors: amounts | falling due within | one year | |||
| 2023 | 2022 | |||||
| K | ||||||
| Bank loans and | overdrafts | 20,059 | 22,860 | |||
| Trade creditors | 36,857 | 29,222 | ||||
| Accruals snd deferred income | 163,668 | 111,276 | ||||
| Social security | and other taxes | 48,711 | 40,906 | |||
| Other creditors | 27,266 | 24,681 | ||||
| 296,561 | 228,945 | |||||
| 21. | Creditors: amounts | falling due after | more than one year | |||
| 2023 | 2022 | |||||
| Bank loans and | overdrafls | 302,329 | 320,565 |
| Deferred income | ||
|---|---|---|
| 2023 | 2022 | |
| At 1 April 2022 | 30,814 | 88,063 |
| Amount released to income | (30,814) | (88,063) |
| Amount deferred in year | 25,833 | 30,814 |
| At 31March 2023 | 25,833 | 30,814 |
| Analysis of | charita | ble funds |
|||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | funds | ||||||||
| At | Gains | and | At | ||||||
| 1 April 2022 | Income | Expenditure | Transfers | losses | 31Mar2023 | ||||
| General funds | 2,086,010 | 3,860,115 | (3,719,116) | (8) | (16,244) | 2,210,757 | |||
| Investment | |||||||||
| revaluation | |||||||||
| reserve | 163,977 | (7,037) | 156,940 | ||||||
| Residential | Homes | 763 | 130 | 893 | |||||
| Outreach Service | 2,707 | 1,119 | (1,702) | 2,124 | |||||
| Supported Living | 1,273 | 1,273 | |||||||
| Sensory Garden | (2,279) | 8,164 | (5,893) | ||||||
| 2,252,451 | 3,869,528 | (3,726,711) | (23,281) | 2,371,987 | |||||
| At | Gains and | At | |||||||
| 1 April 2021 | Income | Expenditure | Transfers | losses | 31 Mar 2022 | ||||
| General funds | 1,616,060 | 3,310,196 | (2,839,758) | (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 | (2,846,631) | 5,476 | 2,252,451 |
| Analysis | ofnet ass | ets | betwe | en funds | ||||
|---|---|---|---|---|---|---|---|---|
| Unresuicted | Restricted | Total Funds | ||||||
| Funds | Funds | 2023 | ||||||
| Tangible fixed assets | 1,882,902 | 1,882,902 | ||||||
| Investments | 464,358 | 464,358 | ||||||
| Current assets | 623,617 | 623,617 | ||||||
| Creditors | less than | 1 year | (296,561) | (296,561) | ||||
| Creditors | greater than | I year | (302,329) | (302,329) | ||||
| Net assets | 2,371,987 | 2,371,987 | ||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2022 | ||||||
| 6 | ||||||||
| 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 | 1year | (320,265) | (320,265) | ||||
| Net assets | 2,252,451 | 2,252,451 | ||||||
| Financial | instruments | |||||||
| The carrying amount | for each category offinancial | instrument | is as follows: | |||||
| 2023 | 2022 | |||||||
| 8 | ||||||||
| Financial | assets measured | at fair value through | income and expenditure | |||||
| Listed investments | 439,613 | 439,511 | ||||||
| Cash | 24,745 | 44,420 | ||||||
| 464,358 | 483,931 |
| Analy | sis ofchanges in net debt |
|||
|---|---|---|---|---|
| At | ||||
| At 1 Apr 2022 | Cash flows | 31Mar 2023 | ||
| Cash | at bank and in hand | 589,412 | (339,724) | 249,688 |
| Debt | due within one year | (22,860) | 2,801 | (20,059) |
| Debt | due afler one year | (320,565) | 18,236 | (302,329) |
| 245,987 | (318,687) | (72,700) |
| Operating lease commitm |
ents | ||||
|---|---|---|---|---|---|
| The total future minimum | lease payments | under non-cancellable | operating | leases are as | follows: |
| 2023 | 2022 | ||||
| Not later than 1year | 2,964 | 10,979 | |||
| Later than 1 year and not |
later than 5 years | 1,763 | 4,612 | ||
| 4,727 | 15,591 |