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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 and expenditure|account)|14|
|Statement|offinancial|position||||15|
|Statement|ofcash flows|||||16|
|Notes to|the financial|statements||||17to 28|
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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||||
||||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||||
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|||||||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|
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|||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|
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|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$|589,412|
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|5.|Donations|and|legacies|||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2023|Funds|2022|
||Donations|||||||
||Donations|||1,541|1,541||84|
|6.|Charitable|activities||||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2023|Funds|2022|
||Residential|Homes||1,004,864|1,004,864|1,093,502|1,093,502|
||Leisure|||604,685|604,685|453,653|453,653|
||Supported|Living||2,240,187|2,240,187|1,752,351|1,752,351|
|||||3,849,736|3,849,736|3,299,506|3,299,506|
|7.|Other trading||activities|||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2023|Funds|2022|
||Fundraising|events||9,492|9,492|1,960|1,960|
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|8.|Investment||income||Year ended 31March|Year ended 31March|2023|||
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted||Total Funds|Unrestricted|Total Funds|
|||||||Funds|2023|Funds|2022|
||||||||8|||
||Interest snd||dividends|receivable on||||||
||investments|||||8,759|$,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|
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|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|
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|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|
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|||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|
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|||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|
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|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|
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|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|
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|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|
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|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|
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|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)|
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|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|
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