REGISTF.RED CONIPANV 14UI¥IBER: 6808517 (England Wales) RF.GISTEKF.D CHARITY NUMBER: 1128592 Report of the Trustees and Financial Statements for the Year Ended 31st March 2024 for Mayfield Nurseries
Mayfield Nurseries Ctrntertts of the FiDaDcial.Staternents for Ihe Year LDd¢d 31st Nlareh 2024 Page Report of the Trusteos Report of the Independent Auditors 9 to 11 Statement of Fln4ncial Activities 12 Balance Sheet 13 Cash Flow Statement 14 Notes to the Cash Flow StAt¢ment Notes to the Financial Statements 16 10 23
Mayfield Nurseries Report of th¢ Trustees for the Year Ended 315t March 2024 The truslc¢s who are a150 dircctors ol Ihc charity for the Purpo of th¢ Companics Acl 21Kb6, prcs¢nl Ihebl fLporl with the finan¢i£il statcrncnts of th¢ Charity for thc ycar ended 3 Isi Mareh 2024. The w5tces have adopt¢d thL provisions or AcLDunling and Reporting by CharitLCS.' Slatcmcnl of R¢¢ommcndcd Pra¢iic¢ applicablc to charities pr¢paring ¢IiciT account5 in acLordancL with thc Financial RctM)rting Standard applicable in thc UK and R¢public of Ireland {FRS 1021 (cl'lcclive l January 20191. SI'RUCTURE, GOVERNAPICE AND MANAGEMENT Gov¢rning dociimcnt -l-h¢ rity is controllcd by ils gov¢rnin8 documcnL a decd of tn¢ and Conslituies a limiled ¢onipany. limilcd by gLiarantcc, as dcflncd by the Companics Act 21M>6. RF.FLRLNCF. AND ADTrIINISTRATIVE DETAIIS Rcgistcrcd Company numbcr 6808517 (F.nglfind (Trnd Ivalcs) Rt%i$tered Charity number 1128592 Registered 07¢¢ 15-16 The Avcnuc Souihilmpion FI[npshl[e S017 IXF Trustets L Cairoll R J Goaier Appoiiited 17May2021 17 Jan2019 26 May 2021 17 ma 2021 I tkc2021 l Jan 2024 24 Jill 2024 l (kt 2024 Resigned 31 tk"L 2023 12 D¥"i 202.1 31 tk"c 2023 31 Ik"c 2023 18 Apr 2023 8 A Ralini<in S Grccnh&lgh 8 Arscott R J Cart¢r R F Piill¢n Company Secretar). Mrs S Ar5CQtt Aiiditors SIILLll Sii¢kland C'.hJilLrLd AcLoLinianis .8tlÉ liilory Aiidiiors 7 E<151 P;IllaThl CliichcslLr Wesi 8iissLx P019 1-fR
1gyfi¢ld Nurs¢rie5 Report of the'l'rustees for the Year Ended 31st Marth 2024 STRucfuRE. GOVERNANCE AND MANAGLMb:NT Mayfi¢ld Nurscries, a subsidiary of Solcnt Mind {¢ompany no. 40(M51. chariiy rcgistration no. 1081116), is a charity and company limitcd by guaranicc. 1.lie company wa5 creaied in Febrnary 2009 in ord¢r to takc ovci the activiii¢S of Solcnt Mind in r¢lalion to MayfJ¢ld Niirscric5 and ihe samc charitabl¢ objwts to those of Solcnt Mind with the cxwplion of the Ar¢a of Bencfi¢. Solcni Mind is thc sol¢ m¢inb¢r of M&yfLcld Nurseric& and all appointmcnts of TTUSIc are subjec( prior ¢onsultation with and approval ot Sol¢nt Mind. The wriitcn constitution and govcming document is ihc Mcmornndum Articles of Association. Thc Trustco% approved ihe decision to Inerge Mayfi¢ld Nurseries inio Sol¢nt Mind a5 at 3 l Dcccmbcr 2023. 1-h¢sc rinancial 8tatcmcnts refl[ the iwclve-month rKriod fTom l April 2023 10 31 MaT¢h 2024. Siiicc I january 2024 Ihe chariiy has not undertak¢n an)- chariiable aciiviiies at)d li will rcmain donnanl. 'I'hc I'nislccs r¢signcd as 31 DcLctnbei 2024 in line '1{h th¢ mcrgcr dale. Two Trnstecs R J Carter and R F Pull¢n ivcrc appoinicd to ov¢rsc¢ the final accoLinls and transfcr of £2ss¢1s io Solini Mind. REPORTING O.Y OUR PUBLIC BEh'EFIT Th¢ Trust¢¢s hav¢ Lunsideied how ihe charity complies with its Public Beticfil re4uiremeniS and arc satisficd that Ihc aclivitics IL chicvLmLnis sc¢ (biit bLlo%v fully dcrnonstratc li0. Mayficld Nurscrics COtnplics_ ADMINISTRATION lFoRmATIo ThL day-to-day maiiagLTnLni of ihe ivorK- of thL or8anisalion is dC1cgad to thc H¢ad of Social Enierprisc, with Solth)I Mind providing thc full range of centnl supFK)rt scrviccs. as well as Finan¢¢, Ilunian RcsoiircLs, IT and central adiniiiislration. Solcnl Mind's Chi¢f Ex¢¢ulivc. SL7lly ArxolL is thc d¥signated C'4>mpan)' Secretary and was appoinicd on 13 Jun¢ 2Q22. The folluwing pro1.id scrvices ti) Ihc chaiilablc company during the pcri(Kl of tlie R¢p(irt.'- AiidilOTS". Shl'cn Siickland, 7 Pallanl, C liichc51CI. W¢sl Susscx. P019 ITR Bat]kLrs.' Unil}. TrLLS¢ Elank. 4 ljrindl¥y Pl&cc. BLTmLngham. Rl 2JB
Mayfield Nurserles Report of the l-rustee5 for the Ended 315t Mr¢h 2024 STRUCTUKE, GOVERTr4ANCE AfD MANAGF.MENT Trustee traini% and appraisal Thc organisatitkn hs managed rhroitgh a Iloard of TTUSt¢Cs which mects 5 timcs A year. and Mayfield Tntstees join Solent Mind I'tustLes on Solcnl Mind Subcommitt¥¢s for Financc. Infotmaiion, Risk & Coinpliancc. PLople & Qualily, and IIu5iness Dcvclopmcnt, which mcci a furth¢r 4 or 5 iimcs cach per ycar. Norni<illy. all nic¢tings would be held ift pcrson, ai Mayfi¢ld. Ilowcvcr, during 2n23-24, mcctings wer¢ a mixtur¢ of in-pcrson and online. N'ia MS Tcatns or Zootn. -rh¢ TrLislccs arc able to join with Solcnt Mind rrusiLes for tTainin8 and hayc tho opportunity to undertake other training and attend confcrLn¢es. All Trustws reccivL an induciioD ivhich includes finanLial and operalioiial Inatters. The Tnistccs arc ultim1£ tely r¢sFrfJnsible for all the opcrational aclivitics and developments of the organisaiion. Thcy havc a p)i Iticiilar responsibility foi seuing thc siraiegic dirc£lion and agre¢itig and moniloriThg Ilic impact of policics atbd praclicc. Thc rLspi)nsibilitics of managcrs and staff for day--daY op¢rdtioDS are sct out in Solcnt Mind's D¢lcgated Aiithorily PTOLcdiircs. A(fLliation to 'lld, the national #ssocigtion for menial he4ltkn Solcni Mind is affiliiTrtcd to Mind. the national inLntal licalth charity. as a Cal Mind Associalion. Mind'% Conimuniiy Pailneiship Agrccmcnl {CPA} was signLxt by Solcnl Mind in March 2015. Over Ihc coiirsc of 2020-21. discussions took placc with Mind Icading to ihc adoption b). lh¢ SolLnl Mind Iloard ()f t]ic ncw Mind fedcration AgTcemcnl. with cffcci from 31 March 2021. Nqayficld itself is not wparatL"ly aifiliatcd biit its charilablc objc£ts rcquirc Mayficld io work in .i.%8QCialion H'iih Mind. Ir) PTactlLe Ihis is discharg tliroEtgh Solcni Mind. I'rLLslCCS hai'c nom. uppmvcd th¢ In¢rgLI of Ml< yfiLld Niirscrics into thc Solcnl Mind ¢harily ivhich took t¢¢t on 31 1)c£cmlKr 2023. Risk Assessment Thc 8tralcgic Risk & Opportiinily Rcgisicr is rcvicw¢d qiiartcily, setting out how differcnt risk5 arc asscsscd in t¢rtns uf probability and si¥nilicaneL. what ILITiedial aciion is in placc, and what Ici'cl of rcsidLial risk is acccplcd. Thc main risk fTrr MayfiLld in 2023-24 h£25 bccn Ihe rcduction of iniomc frotn Souihatiiplon City Council. ThcT¢ are also issucs with Ihc I71n biiildin&s rwf ivhich ivill rLqlliIL invcsiment lo rLylace. OWECTIVES AND ACTIVITIES ThL objects of yflcld Nurwrils as scl oul in oiii M¢mordndiLin of A5s0¢ialion a.. 'io proniotc thc prcsLtvaiion of m¢nlal hcalih and assisl iii rcliciffing and T¥habilitating JKrsons suffcring from mciital (lisordLr or condition% of Lmotitsn311)r InLntal dislrLs9. rLx]uiring advicc OT Iriatm¢ni principally in %oVihL1i1pt0n and also in HampshirL aiid Ix)IdcringT aTLas in association with Mind and in accordance .1¢h thc alllis ()bjccLs of Mind, and ilic rLliLf of persons .111) iiiipdirLxl InLnbil abilily ivhcihcr TC5uliing ill physical. mcnial or l¢aTniTrg disiibilili&% and PCTSOIIS 5Liffeiing liardship or D¢LThd as a dircci indir¢cl rLsuIi of 5u¢li Condition.
Mayfitld Nurseries
Report of the I'rustees
for the Year Lded 3l$t Nlarch 2024
The Mayfield Nurseries Purpose
To providc hortieuliural thcrdpy and w¢lltrKing seryiccs to pcoplc wilh mental health problems, through horticuliiiral
actlvily, pr siipportcd wcllbcing a¢tivitics. cngaging with custoTnC. and tlwough gaining qualifi¢8tions and training.
To support this through gcn¢rdling inwmc from our gard) centrc and carc tri[ opcralions, all of the profits of which
Bo towards our wcllbeing. Ih¢rap¢utic thnd L¥)mmunity activilies.
SigNifieant activities
Retail Operations & Charltablt Income Gener*tion
Mayfi¢ld NiirscTiCS is opcn Mondays to Sundays 9am 4pm 7 days a week for 51 wL%ks of the ycar for the salc of gaTd¢n
plc1nts, gifts and siindries and ChTislm&% Irees and sea50tl dccoraiions in Dcccinb¢f. It has a small cafc serving hot and
Lold drinks, CLikcs and light lunchcs ihal is open daily Iroffl 102m 10 3..30 piii. IL i5 a working nursery wilh (our
gl<isshoiis and polyiunnels as w¢ll as d plani cenirL trdding plant stock frotn oih¢r growets and suppliers and a laTgL
rciail offcring sclling garden siindrics, tools. ornaments, coinpost, sc¢ds. fcrti11se and wced trcatnicnts.
The niirscry has a good horticultural reputalion. recciv¢s exccllent f¢¢dback 41bout the qualiiy of plants. has a solid and
growing customLr basc and is wcll supported by th¢ local community.
To support widci fiiTrdraising staff Jnay give tslks to local commilnity groiips including the Women's. Insiitute and Ih
Rotgrians and oihcr WlLniial fiindraising paline. Ibis spicads iliL Word aboui IFur eh4lThiy and grows LIUT SUPPOrt ba5C.
WL also work iyith Sollnl Mind's Businc55 tkk'elopi)ient Icam to cngagc ivith cony)ratC P14 rthers in fuiidraising and Iiavc
hlisicd sev¢ral popul<ir voluntary cxpcriences for t¢ains fron) corp)Tatc partners.
l¥lent81 Health, Wellbeing & CommuDltTr' Support Provi51011
i ayfi¥ld offcrs a range of progrnnlmcs to suppvri pcopl¢ who ale cxpcri¢n¢in8orat risk of menial hcalih issues. ID¢llldi118
gruiip-basLd ii'cllb¢ing prognii)nies. hoTticiiltiiral IhLrapy, dcincntia support and supi)ort volunicLrinbi opporliinitics.
PLwple can rcfcr th¢insLIvLS f(Ir support or may bc refcrrcd by anothcr agcncy such as a inenthl hcalih or SO¥iii l ivork
tL
Mayfield Nur$eri¢$
Report Of the Trustee5
for the Year Ended 31$t larCh 2024
The wcbsitL mayfieldnurserie$.org.uk, alongsidc soleTr¢mind.tsrg.uk hos a frc5h tLCW look arkd is kcpt up dgic wilh
rclevant contcni. Mayflcld alw increased its Cial mcdia activity and engag¢Tncnt throughout this pCri1.
VolMnte¢rs
Ai any one-time Mayficld is USLng al)011125 voliinlccrs alongsid¢ 6 fv11 time and 7 part titne paid staff. VolUner$ are
an indispcnsablc rcsourcc and can providc onL ith on¢ suppon for our most vulncrdblc setvice users. In thi& nine-m(>nih
pcriod MlÉ yficld voliintccrs pr()vidcd approximatcly 3.0(K) hoilrs of servicc.
ACIlIEVElETs AND PERFORMANCE
For the nin¢ monihs to 3 l Dectrnber 2023
Mayficld supportcd ov¢r 200 pcoplc ihrtsugh our wellbcin& dein¢ntia and horticultural ¢hetapy programmcs. A fiirthcr
700 pcoplc cngag¢d iviih gardcning and wellbeing aciikities throu1 our outreath Plants for Peopll progranime, Ivliich
operat¢s in ¢omniuniLios across Souihampion. Scrvi¢e U%fS at Mayficld cnjoy companionship. purposc, hopc and
moiivJiion on rticir own rccovcry joiirncys. Our support and ¢n8agLmenL includes groups and community gardening
opportunitics.
Scn'icc u.%¢rs liavc shown 1< marked inLr¢ase in s¢lf-confidcnce. sell-esteeiii, coping skills. wcllbciJ)g ski115 and social
skills, through Ihcir cngabvcmcnt iviih groups and svpw)Tl, including the v31vable oppothinilics for pcer-to-pccr support.
A niiinber of S¢TI'iCC user5 have incrLasL'd ihe nunib¢r ofhours pcr ii'eek th¢y attend, a t¥5tameThi lo how ccntral M#yficld
is in ihcir lives and hoiv muLh they gc¢ oui of aiieDding. Througli Ilic elIbeIng progiamme, servicc users cali choose to
pariicipaic in groiipsand scssiutLS ihai meei ihLirp3iticiilar n¢¢ds or interests. ensurin¥ thL1tcach pctson's recoi'cry joumcy
is rc¢ognis¢d and thc siipporl is appropriarL for their unique eL5 alld aims.
Plants For Pcople, our coi)Itnunily outreach prOgraMn Continued wilh its expanded cngagetncrtl and outrcach work in
thc ye¢?r. working in coniinunilies #cross Soiiihainpton includitJ¥ Nllllblk, HolyrLxYI, Wcslon, Lanbcrya '] (kwcrs.
Thomhill. Shirlly and Sholing. Around 700 pLoplL look part in a rollin8 pio¥ramnTrc of aclivitics and cv¢nls a¢TOS5 IIIC
ycai. gciiing involvld in gardcning and improi'ing ihe oiiidoor spaLLS 111 Ilicir oivtt neighboiirhixKls. wliethcr Ilicy aTC
alrlic dy a kccn groivLr or hdvL iievei taken an inferL's1 in gardining bcforc. I'h¢sc projccts cDgagc rLqidcnis wlio m42y
neiier havc iakcn int¢r¢st it] Ilieir conimunity or aTLa befor¢. help ilicin io iealisc goals and Ic41m hoiv hTrrticiilh]rc can
bL aLhievcd <inywherc. in¢ludinb dieii oli'n kitchen ivindowsills, makLJig il H¢ccssiblc to CVLryOll¢. F.ngcigcnient al the
nLiv sitcs has becn gwood and N'siditils dre shom'ing a kLen inrL'icsl in this projcci and thcir imincdiatc cominunity. Sadly
fundinLy for this ptujeLI %vill Lnd in 2024 duL lo SouihatNplon Ciiy Council funding cuts.
Oiir Di¥ilEII Skills ProjcLt. mn joiThtly beiiiccn Solent Mind and Mayficld NILiTseries. Jnak¢s a signiflcanl diffLrencc lth tlic
li.¢5 ()f PLopIL who hid prcvioiisly bcLn di¥ilally Lxcludid. Thc proj¢ct offcrs a bcginii¢rs coiirsc. focuscd 01) CllL?blin
P¥opl¥ lo bc ablL Io LiSC and liike ad¥antLigc of di¥ilal oppviluni(J¢s in ihcir cvct)'day liv sucli as onlinL b<inking.
shopping, booking appuininicnis Jiid str¢aming. Plp]e can bling ihcir oivii dcvicc5 and re¢¢ivc b¢spokc siipport 10 Icarn
liow to iisc Iheni or ian10lL n a dcwiLL froni th¢ projLxt_ A ivLckly dTOP-In s¢ssion also givcs Ihc ¢han¥¢ for anyonc l(} coinc
and gTiiI bispokc adi'ici and help ii'iih ajiyihinb digi l1. The PTojccI rccLiv¢s Lxccllcnt fccdba¢k aiid is in high dcin¢ind.
Lxpandiiigi 11% offcr to dLlii'Lr toiiisL's in cotiiiiiuntly vcnues lo Iiic¥i dcm£2nd.
Thc SOClcl1 LntLrprisc ilciii¥nt of Ml4 yfiLld Nurseri¥ ho2sconliniLcd, incliidiii8conliniied dci'Llvptncni of OliT gardcn ccntrL'
10 iIILliidc u w'idLf t)l-i)roduil liiils. Ollering LakLs fwti) IIKdl blkcr$ alongsidL .? rangc of hoi and c(Ild driiik5, ICL
LrLaiiis
Mayfield Nurs¢ries Report of the Trustees for the Year Lnded 3151 lrth 2024 FUTURE PLANS Tlie decision to mergc Mayficld back into Solffll Mind providcs itnpiov£4 finan¢ial susiaiThabilily to build on the suc¢¢s5eS and impl¢ ct of rcecnl ycars and t() coniinuc ihc csthblishcd and ambitious plans for the coining monih and ycats. 10 Tcach and support more pcoplc who arc ¢xpcricncing or a risk oran issue with thcir mentsl h¢alih. To a¢hi¢vc this, wc will.. Increasc our commiinity a¢tlVLty. in particular opportunilies for ihose living in our irnmcdiate communitics w]M) are cing depTivation Continue 10 devclop and deliver our w¢llbcing groups and activities Develop mor¢ supwrt foi people aff¢ciLd by the cosi-of-living crisi5 OfFcT a widcr rangc of opportuniri¢5 for thusc looking for horticulturnl thcrapy andlor Slipport voluntccring in¢rcasc our work around susiainability and cnvironm¢ntsl causcs. To cnciblc us io do thts, wc rtim io SC¢UTe futther dLvelop our Sales income. Wc will do this by." Continiiing lo build our garden LcnlTe and cdf¢ offer. in turn in¢r¢asin8 iiicomc Increasing oiir m41tkLling £111d cotnn)uJii¢aiions 'ork lo rcach a wid¢r rangc of ]wplc. incieasib)g footfall and salcs. t)Ivcrsifying our sales approa¢hcs, including online salcs xiinising usc of Ihe Mayfield siie Continuing lo develop our r¢lJtion5hips with corporatc partners and lsIn¢sS FINANCIAL REI'IEM, Revlew of the year Toiiil Nci DLfi¢it for IhL nine inonth period lip io incrgcr aTnouni¢d to £35.ncTr5 compared io a defiehl of £18.175 in 2022123. This dLficii rcflec15 th¢ acLtsiiniing Sition al datc of mcrgcr and doL'S noi TcflcLI a nomial full ybar in¢luding spring tra(ling und groii'ih in ilie calé aLti%'itLLS whicli coniit)ucd aficr mcig¢r. Thc mLT¥Lr coincs ai a tiinc of conlinucd invcsttntni In rhc faeilitiLs at Nlayfi¢ld as w'cll a5 Ih¢ Lotnpletion ola niLmr of siiccLssful PlOjLClS. Tlic nci SolLnl Mind stralL¥y will Loniiniic lo rLvicii' incoiiiL OPPOTlunilics and 10 ralionalise exp¢illIL li) dclivcT bcsl I'aliie foT iiioncy IncominE Resources for the Yer GTOSS incomc fur IhL nine Jni)nihs lolallcd £524.202 comparLd to l678,696 for the full yC41r 2022123. Ikc 2023 £59.621 £277,318 £187.2C)3 Voluiiiiiry InLOlllL and Fundraisin¥ Plani. Cafc Sal¥s aiid Oihir Incomc HoTiiciiliiiral Th¢rapy and Training £11,201b £270,125 £397,371 T(Il:Il £524,2Q? £()78,69 Resouyees Expended RisE)iirrLS LKPLI)did li)r thi niiiL IllIHlths lo1711 £5_59.2(17 COlliPcirLd 10 £69(1.871 ith 2Q?2123. This iliLliidL glranls, iotiir4icl% dnd Ir<idingi JLtivily lli Illl JiiirsLry. CJpital Expeiiditure 11)Iial Lxpcndiiiiri ol-E449 lor pliinl iirMI 11174 Chincr ivds inciirrcd diiring the ythir WliP4TrTcd (o £19.881 in ?2121.
Maylleld Nurserie$ Report of the 'l'rusfees for the Year Ended 31st March 2024 Fund$ Tulal fiinds as at 31 MatLh 2024 arc £108.281 compared to £143.347 opcning fuKds. This reduction rcflects thc drop in cash held Illic tu ihc d¢ficil in ycar. All funds hcld arc wiihin iinr¢siri¢t¢d funds. RestriclLxl funds Icccivcd wcrc sp¢nt as Ihcy were rc¢eiv¢d S they fundcd thc ongoing activiiics including th¢ Digital Skills projccl and investmLnt in thc buildin8s. Thc iinr¥striclcd funds will continisc to bc used w inv¢st in Mayfi¢ld (iatdcn C<ntyc aflcr thc mcrger inlo Solcnl Mind £lnd a proJLCt lo rcplacc the ri)of is alrcady appn)vcd. Reserye P•licy Duc to thc tratlsfcr of all c1CtIVilies and th¢ as5cts and liabililies of the charit). lo Soleni Mind and that since that date th¢ charity 15 Considcred ¢0 bL domiant th¢ is no Icqiiitcmcnl hold rcscrvcs or to havc a r¢servcs policy. INFORP*lATION PROVIDED TO AUDITORS All of ihe ciirr¢nl t)irc¢tDrs have takcn all thL sicps Ihey oughi io liavc taken til makL dicmsclvc5 awaFC of any rLlcvant infi)nn471ion, (as dufin¢d by scctian 418 ofihe Companiis Act 2006). nccdcd by ihc Cliarilablc company's auditors for the piirposes of Iheir aiidit and lo cslablish ihai ihe aiidilors are awar¢ of thal infornialion. The DiTccIoT5 arL' not awarc of any relevant audii infonnation of which tknc tsudiiors are unawar¢_
Mayfield Nurseries Report of the Trustees for the Yegr Ended 3151 March 2024 STATEMENT OF TRUSTEES, RLSPOINSIBILITILS ThL Irusi¢¥s (Ivho arc also ihe direclors of Mayflcld Nurs¢ri¢s for the purposcs of company law) are r¢sponsible for prcparing ilic Rcport of ihL-I'rustces and thc fiTraDcial staitymcnis in ac¢ordan¢c wilh appliLiL ble law and Unilcd Kingdom Accounting Standards IUniLed Kingdom Gcn¢rdlly A¢cKpt¢d Accoiinting PrdCticc)_ Conipany law requir¢s the (rustecs to preparc finan¢ial statcmcnls for cach fiThancial year whiLh give a true and fair view olthe slate of affairs ot'the charitablL company and of thc incoming r¢souTCC5 and applicaiiun of resources. Including the ip¢oih¢ and ¢KpcndittLrc. ol Ihc charitabl¢ company for Ihat pcriiNI. In ptep)ring ihosL. financial 5taiem¢nls, the Irustccs are rcqilircd io sclccl siiitable a¢couniing policics and ihen apply thcm consi51enily: obscTYL thc mcihods and principlcs in ihc Charity SORP- make jiidgcmcn¢s and Lsiiniatcs thai are rcasonJblL and prudeni. PTepcirc the financial staicments on thc going conccrn basis w)less il 15 inappropriaie tl) pr¢sume that thc charitabl¢ conipany will coDtinuc in busine&8. Thc IruslCC% are responsible for kLcping propcr a¢¢ounting records which disclos¢ with rcasonablL accuracy al any lime th¢ financial posilion of thc chariliiblL company and io enable (hem lo ensurc Ilthl ihc financi1¢ l siatcmcnls comply with tliu Q)mpanics Act 21J06. 1.licy arL <ilso r¢sw)Iisibl¢ lor safeguarding the asscls of thc chari18blc cojiipany and hcncc for thking rc41sonablc stcps for thL prevcniion and dct¢ction of frnud and oihcr ittcgularities. In so far as Ihc ¢NsteLs ar¢ aware.. therc is no relcvanl aiidil infomiaison of ivhich ihe chaiilable company'5 auditors arc unawarc- and IhL ttusiecs havc tsikcn all stcps iliai iliby ou¥hi io havL (akcn lo rnakc tIicm5clvo8 aworc of any r¢l¢vanl Audii infotn)alion and Lo ¥5tablish iha¢ ilili iiidilors are awarc ori11 iiiformalion. AIIDITORS As th¢ charity 15 consid¢r¢d to bc donnant ilierc is no rLWiiilCtncni to app)inl Auditors atld following thc approval or thus¢ fJndn¢ial s(atements Sh¢Ln Sticklind will resign as Auditots. Appri)vcd by ordcr of(hL rd of truslecs on .251h S¢piLnIr 2024 and sign¢d on ils iKI)alf by.. J,1 wiJknfv Jolill WildLi%pin C"h4?IT ol thL Iloiird.
Report of tbe IndependeTri Auditors to the M¢mr$ of i ayfield N'ur5eTies Opiiiio WL. have auditLd the financial staiLments of Mayfjeld Nurscrics (the 'charithblc coThpathl for thc ycar cndcd 3151 MaTLh 2024 which Loniprise ihL Suicment of Financial ACti.)tiCs. Ihe Balance Sli¢¢l, thc Cash Flow Statcimcnl and noic$ 10 ihL linancial ststements, including a suininary of significant ac£x)unling policS_ l-h¢ financial rLponing (iaincwork IhaihasiKY'n appliid in Ih¢ir prLpaialion lsapplicablc la and Unid Kin8doTll Ac¢ounting Stand41rds Iunitcd Kingdom GenLrally Ac¢¢pl¢d Ac¢ounling Practice). In OL opinion the financial statcments.. give a true and fair vicw of thc state of the chariiable company's affairs as ai 3 1st MaTch 2023 artd of its incoming rtEoiirces and appli¢ation of resources. including ils incomc dnd ¢xp¢Thditiiic. for th¢ ycar thcn cndcd- have been ptopcrly prepared in ai¢ord2nce with United Kingdvm Gcncrally Accq>tcd Ac¢ounling Practice- and have been prcparcd in accordance with the r¢quircmcnls of thc Colnpanies Aci 2(M)6. Basis for opinion Wc condiiclcd our aiidit in a¢roidanc¢ ivith IDtcrnalional Standard5 on Audiling {UK) IISAS (UK)) and appliLdble18Iv. Oiir responsibilities iindcr Ihtss¢ siaDdards arc furthcr dc5Ctibcd in Ihe Auditor5, rcsponsibiliiics for the audii of the rinancial st14 Icmcnls Seclion of oiir rworl. WL arc indcpcndcnl olihc chariiablc conipany in accordance with thL etliical r¥qiiiTcinenls ¢hat rc r¢lci'ani 10 oiir aiEdit of thc financial 5t411em¢nts in Ihc UK, including Ili¢ FRC'S Ethical Sundard. and iyc have fiiifillcd our oihcr cihi¢al r¢sponsibilities in a¢COTdanLL widi Ihcs¥ rcquirements. We b¢lieve ihai ihe aiidil evidcnec wc have oblaincd is sufficient and appr(yriatc to provide a basis for oui opinion. c.onclusions relating to going concer In <111diling Ihc financial sraiLm¢nts, Iv¢ havc ctbncludcd ihai ihe inisiecs. lls¢ of the going coDcorn basis ofaccoLinling in the prep<lrntion of thc Iin<incial 8tai¢mints LS appropiiaic. Bic 5cd on the Work ivc h<)ve pcrfomicd. wc haN'c nDI idcnlifiLXt any mawial unccrtainlies rclaling to evciits or Londilion5 thc11, Lndividually or colleciivcly. Inc2y cast significanl doubl on the chi£ rithblc cotthpanys ability to iontinuc as going eonccrn foT a period of cil1&1St iwelY¢ months from iyhen the financial sthiemcThls <ire audiorised for issiie. Oiir rcspon5ibililics and thc res)nsIbIlitI¢5 of thc Irusices with Icspcci lo going conLcm arL, describ¢d iii Ilic tclcvaiil scctions of thi5 rcport. Other inlorm#ii•n -I"h¢ triislocs iirc rCsi)on.1b[C for ihc oihcr inforniatinn. Thc other infvmiaiion ¢ompri5es thc inftsmialioii inclildcd in Ilic AnJiii2L l Rcpori. oth¢r tli2£ n Ihc finanLial siaicni¢nts and our Repoti vf ihe Indep¢nd¥i)i Audiiors IhLicon. Oiiropinion on th¢ financial Si£2tCTnents docs not coycr th¢ othcr infotmaiion and, except lo the extcni otherivis¢ cxplicitly Slciled IN oiir rLPOn. Iv¢ do noi Lxpress any fom) of assurgiice conclusion Ihcrnn. In coi)ncciioi) willi our audit of ihe financi1¢ I siaicmcnts. our rcsp(Trnsibility IS 10 Tead ihl odier iThfonnalion and, in doinb so, ¢onsi(Icr ivhcihcr Ihe oihcr inforn)ation is maicriall). inconsisicnl wilh ihL financial slatcincnls OT oiir kjiowlcdgc ()bi<iincd in ihc aiidit or oiherwisc ppcars io be inaicriiill). iiijsstai¢. If ivv idcniify sucl) ti)aleric11 inconsisi¥n¢ics or pprLnl Ill<llLTl<il inisshiicn)cnis. WL arc tlyuired iu dLicmiinL ii,hcther ihis ¥ives risc 10 a ii)alcrial mis51<ilLiiieiil in IIIL riniinLial S11< ILIt)Lnts tliemscliL5. If, biscd ihc ork IVL h&i'¥ pcifLifniLd, we ¢oncludL Ilicil IIILtc is a i)iatcrial niiS51iilLinLnl i)f this oihlr inlorniaiion. wc rL4uiILd its riwin ihal fact. We liavL nolhink 10 ILPOTI in Iliis TLbT£ird. ()pinions other mlltiers prescribed bv the Compallits .4¢121106 In oiir 01?inion. bLls¢d on Il)c il'urk iindifi£TrkLti in Ilic colltx Lif IliL Ihc infi)riii¢llti)ii givLn iii thL Repom ol-lhc Trusl¢is for ihc finJnci¢l1 yur %vhi¥li Ili¥ finallLlil1 siaicJiiLJils i)rcpiirL t]ii RLpi)ri (>f IliL Ti'lltLeS h41S bcLn prLWcifLd in CLord14 llCL Ivltli appliciibl¢ legal requircmen(S.
Report of the Ind¢p¢ndent Auditors to the Members Df Mavfield Nurseries Matters which we Are requirtd to report by exception In Ihc light of th¢ knowlcdgL and und¢rsianding ofihc Lhaiitabl¢ company arwj its ¢nvirollmeni obtaincd in the COUTS¢ of thc audit, we havty not idcnlificd mat¢rial misslatemcnt5 in th¢ RLPOrt of thc l-Tuste. Wc hav¢ nothing lo rL)ll in respect of the following matters whcrc ihc compani Aci 2W6 r¢qui$ us io report to you if, ID oiir opinion.. ad¥quate COUnting records have noi bccn kept or r¢turns adequatc forouraudit havc not kcn ILYeived fToni branches not vi%it£d by us,. or the financial statcmcn15'1rL not in agrccmcnt with thc accounting rwoids #nd r¢tums,' or ccrlain disclosiircs of Iru5tees' rLxnunernLign spcclri by law &r¢ not madc. or wc have not rc¢eiv¢d all Ihc Inforrnaiion and cxplanalions WL rcqiiir¢ for our audit: or the Iruslccs wcre no¢ cniitled Lo take adyanlage of th¢ small companies cxcmption from thc requirement to prLp<ire a Slrfjtcgic Report or in PlLparing the Reporl ofthe TnllS. Ile$pon$ibilities of trustees A4 cxplaincd morc fiilly in the Sraicment of Trusiees. Responsibilstics. the 1t7¢£S (who )rc also thc directors of thc ¢h¢irilahlc ¢ompany foi thc PUTPOS(s of company law) are responsible for thc preparation of the financial sialcmcnls and for bcing sali%ficd that they giwc a truc and fuir view. aThl for such intemal control as ¢be iruslces dcteTTninc is nwesry to Lnabl¢ thc prcpanlion or rinan¢i2£ I slatcincnts Itthi aru (e from inaicrial missialcnicnl, Ivli¢tlicr duc 10 fraiid or c0[. In prcparing thc financial siaicments. rhc lrnstees a. responsible forassessing Ihc charitablc ¢4)mpany's abiliry to cDntinuc S li going coneeTn. disclosing. as applicable, niaii¢rs rclatLY] to gving conccrn and using Ihc 8oithg Loncmi basis of accoiinting iinlc&8 the tiuSic ciihcr in(cnd liquidaie th¢ charitsblc company OT to ccasc opcrations, or havc no rcalistic c Iicmativc bLLI to do so. Our responsibilities for the audit of the fffinartC141 stat¢mellts Oiir objcctlVty8 arc t(1 obtain rc<isonabl¥ assuranLL Jboul ii.liuthLr Ihc financial ateMents as a wholc aTC fTCC from inllt¢rial miss147tcinLnt. whcihci due 10 fraud or ¢rror. and io issiie 2 RLPOti of Ihc liidcpendcnt Auditors that iiicliides oiir opinion. Rcason?L bl¢ assiiTancc is a high levcl of &ssuran¢e, biii is not a guarantcc tha¢ an audit cot¥Juctcd in accordance with ISAS (UK) Ivill alivays dLtcct a n141tcricil n)i&%ldtLItlLn¢ whLn il Lxlsts. IMisslalLmLnLs can arisL from fraiid or Lffor and are ¢ohsidcrLd matcricTrl if, individu.llly or in ihc a[gare, Ih¢J could reasonably bc cxpccied to infliiwce Ihc economic deLisions of iisers tak¢n on thc b<L%iS of ih¢s¢ financia] StrnIcls_ Tlie Lxient io i%hich ixir pr(Trccdu¥es arL capable of dciecling irrLgulaTiIics. ItKluding fraud is dciailcd klow.. IrrcgLilciri(ics. including fraiid. rc instanLes of non-coniplianlc willi laws Hnd rcgLilations. We design proccduiLs in line i'ith aiir rLsponsibiliii¢s. oiitlincd 2L bovL, io d¢t¢ct in2L Icrial Ini&sialcnicnls in rLspLci of iTrcgiilariliLs, including fTiL ud. Tlii cxl¢nt lo ivhitli our prnKcdiircs arL Lapable of dLI¢Lling¥ irrLgularillCS. including fr&i41 is dciailcd Ek'low.. Audititkg Ihc risk. of m11 nag¥m¢nt ovcrridt of controls inclijding ihrough tcsling journal cntries and otlicr adJIti)Ients for LlppropriaicnLSS. and evJluating7 tlic bLisin¢5s rationale of518nifi¢tinl Iransacti(Ins L)ut8ide ilic nom1al COIITSC of bii%iness. Dis¢ii%s mi2ttcrs <1roiind non-ctsn)plianiL w'illi lams and rLgiilalions and liow fralid may oc¢ur incliiding asscssincnl ol. hoiv nd ii'hcrc Ihc fin11 Trcial SUiiniLnis ivkniy bL' 51Lsccpliblc 10 frii I. Audiiing Ilic risk. of man<i¥LmLni oi'LrridL ol- ¢oi)Irols Jncluding tlir()ugli Icslin8 jouniii l eniri¢s aiid oiliL T cidjiisiincnls I'or appropri£2tcncss, and cvalithiing ili¢ busit)Lss niional¥ of significanl lrnt)sactions tsuisidc Ilic norinal ¢L)Iirsc (Trf busiiicss. A fiirilier dLscriptii)n of i)ur [LSPO5lbIliIlLs for Ihl aiillii ot'ihc linlnCIaI Sial¢iiicnt5 15 locaiLd on ilic Fiiiancial Reporlinb C'iiiinLIl's }lbl(L at ii'ivii.fri.iTrrg.uki41udilorsrLsWJ15ibililj¥S.-I'liis dcsciipliots fonns Pi< rt of oiir Rcporl of ihc IndLWLndLiit Aiidil()ts. Pd&JL In
R¢poi'l of the Indepen(lent Auditor5 to thc Members of laTrficld Nurs¢rie$ Use of our report 1-1115 r¥pvri is 11)adc solLly to Ihc LhariiablL COillPL2ny'S membL'rs. a b(Mly. in acLordanc¢ wi¢h C haplcr l ol Part 16 ol IIIL C'I)IllP£Trni¢% Aci 211. Oiir iidil .rk lias bccn UndLrt7 ken so ihal we niighi 51aiL to iIiL Lhariiablc compdlly'% tii¢tiibcrs IhosL iiiaii¥rs WL c fL rcquirLd ii) siale 10 ih¢ni In ludI10[5. rL'port and for nooihLr PLirposc. I'O IliL fullcsl cxtLnl pcriiiillcd by laiv, Ivc do nLII c1LLCPi or assiinic rcsponsibilily io anyonc oihLr than IhL" i111[lIabIl <oJiipany and il)¢ cliaril<iblL Li)InpanS mem LTS as a b(x4y, ftsr Oilf rilldil w'otk, for Ihis rLPOti. 01 for Ihi 14)inioI)s WL havL fonncd. P41111 Wright F'CA DChA (SLnior Si£11UiOry Audiloi) lor on hcliall-of Shlcn SIiLkland Ch¢ifiLrcd Accoiinlants Stcltiiiory Aiiditors Chi¢licslLr W¢sl Sus%cx Pn19 1"I'R atc..
Mayfield Nurseries StatemeTht of FiNanti81 Activities for the Year Ended 31st Marcll 2024 2024 Total funds 2023 Tolknl lunds Unrcsirictcd lunds Reslrici¢d lunds Nvies lTr*'COME AND EYDOM'MENTS Fil01 J)onations and legacics 59.621 59,621 11,21)0 Charitible activitles Thcrapy &'l'raining 162.287 24,977 187263 397,371 Oih¢r trading aclivitie5 277.318 277.318 270.125 I'otal 499.225 24.977 524,202 678,696 EXPENDITURE ON Raising funds 10.958 10,958 Charitable aetivitles I'h¢rapy & 1'rainin8 spcnd 160,043 75.005 235,047 528,71J Other trading aeiivities 313.262 313,2(Tr2 167.(K)8 484.263 75.(M)5 559,268 696.871 Nkl. INC011{XPTr.ND1I'bR Tr.) 14.962 (50.028) {35.0661 {18,175) REC'ONCILIATION OF FUNDS Toial fiinds broiiglil fOrnvlrd 50.028 143.347 161.522 TO'fAL FUNDS CARRIED Tr'()RII'ARD 108.281 108,281 143,347 l ?
Mayfield Nurstries Balance Sheet 31st larch 2024 Unrestricted funds Rc51tici¢d funds Tot81 lunds Toial fiinds Notes FIXED ASSETS Tangibl¢ ass¢ts 57.752 CURRENT ASSETS Siocks Debtors Inlcrconipany balanc¢ Cash ai bank 12 65.665 23,927 108281 108.281 61,534 108,2RI 108.281 151.126 CIIF,DITOR5 Amounts falling diic within onc yC¢1f 14 165,531) NET CURItF.NT ASSETS 108.281 108,281 85.595 TOTAL ASSETS LESS CURRENT .IABILITIES 10828 108.2%1 143,347 NET ASSETS 108,281 108.281 143.347 FUYI DS Ujircstrictcd filnds Rc51riclLd I'iinds 15 108281 93,319 50.028 I'OTAI. b'UNDS 108,281 143,347 ThLsL fJJidti¢ial stalLtnLnls 1141ve bcL'n prcp£2fLd in accordancc witli ih¢ provisions 11 pplicabl¢ lo charilciblc Comp17¢$ siibjicl fi) thL siiiall Loiiipanics r¥giine. ThL fin<inL11< I st8icinLnts Th'erc appi0%.L by IhL rd of Tn151ccs and authoriscd foi issuc on 25 S¢ptcinbci 2024 aiid %'Lri' signld lin lis trK'hcl11' by.. J J wIIKr-- Jol)n WildLrspin Cliiiir lif IIIL 14011 rd.
Myfield Nurseries Cash Flow Stalement for the Year Ended 3 I. Nlarch 2024 2024 2023 Notes C5h flows frorn operatill% aetivitie5 sli genLratcd from operations 161,5341 {32,512) Nct L1( sh used in opcratirtg ac¢ivi¢lCS {61 534) (J2.512) C4s1i nows from invcsting %clivitie5 Purchas¢ of tangible fixed aswts 19,881 Ncl cash Llscd in investing activities {19,881} Change in ¢ash and ea$h equiv#lent$ in the reportinK period Cash and cash equivalents at the be£innlng of the reportinE period {61,5341 152.393) 61.534 113,927 Cash a¥bd cthsh efjuivalents at the end of the reporting pcriod 61.534 igl 14
Mlyfield Nurseries Notes to the Cash TrloTrY Stateme1 for the Year Lnded 31st IIIArth 2024 IIECONCILIATION OF NET IEXPEWDII'UREIIINCVIL'j'o F'ETCASII bLOW FROM OPERATIliG AcfiviTIES 2024 2023 Net l¢xpenditure)lineome for the reporting period (as per the Statement of Tr'in4n¢ial A¢tivities> Adjustments for: Depiecialion charges Ltsss on disposal (Jf fixcd asscts DLYrcas¢llill¢rcascl in slocks DLcr¢as¢llincrcascl in dcbioF5 DLcrLasc in crcdilor5 (35,066) 118,175) 12.497 57.752 65.665 {84.354) 65.532 1,334 43,653 81821) Iyet cash used In operations (61,5341 132,512) Movcmcnts r¢fl¢ct Ihc transfLI of assets and liabiliii¢s io Sol¢nt Mind ANALYSIS OF CHANGES IN NET FUND.S At 1.4.23 Cash flow Ai313.24 Net C8h Cash ai b<ink 61.534 61.5341 Total 61,534
Mayfield Nurseries Notes ¢0 the Tr'inan¢ial.Statem¢nt$ for the Year Ended 3 1st March 2024 ACCOUNTING POLICIES Basis of preparin% the financial statern¢nts ThL financial sial¢iii¢nls of th¢ charitable company, which is a pijblir b¢nLfil cniity iindcr TrRS 102, havc bccn prLp3rLd in a¢¢ordaTh¢¢ witli the Cliari(ies SORP IFRS 1021 'ACcoutIng artd Rwrling by Chariiics.. Statcmcnl of R¢¢omm¢nd¢d PraeticL applicable lo charitlC5 prcparhng thcir accounts in accordan¢c wilh tlic financial Reporting Standard applicable in ille UK atsd Republic oflr¢land11.'RS 102) {cffcitivc l Janiiary 2019)., Financial Reporting SthndHrd 102 "fhe Financial Repotting Sikndard applicablL Ln thc UK and Rcpublic of Ircland, and ihc CoInpanics Act 2006. The financial slaicmcnls havc kcn prepared undci thc historical ¢05t convcniion. INeome All incotnc is rc¢ognised in th¢ Staiement of Financial Activitlcs oncc the charity h&s cntitlemeni io thc funds, it is probablc that Ilic incom¢ ivill Ix rcccivcd and thc aniount can bc imeasurcd rcliabl). Lxpenditiire l.iabililics arc rccognised as cxpcndih]rL a5 soon #5 thcrc is a Icgal or constructive obligation comniitting ihe chc1rily to thill ¢xpcndtlllW. tt is probablL that a transfcr of L%onomi¢ bcncfiis will rL4uircd in sciil¢m¢nt dnd thc amoiinl of th¢ obliglL tion can bc mcasurcd rcliably. Expcnditure is acci)LinlLd for on an a¢cruals basis atbd lias bccn classificd iindcr hcadings that aggiegiilc all cosi relad io thc calcgory. Whcre costs cann(Il bc directly ,2(Iribiiicd to particular h¢adings, Ihcy have en alILj io aciiviiils on a basis Lonsisl¢nl willi t]ie use of rwiirces. Tangible filed ll$sets Dcprcciation is proi'idcd at the following thnnual raies in olllcr io writc off cach asseiover its csliJn&lLd 11scful life. Stocks Si()eks 41fL V<ilued 111 thc lowcr of cost and net rcthlisttblc value. after Inaking du¢ allowan. for obsoleic and sloiv- moving itcms. Taxatlon Tlie charily is exempi froin corpordiion tax on its chaiiiable aCliviii(s. Fund aeeounting Unrcstriclcd funds can be iiscd in iiccordoncc ivith t]1¥ charilablc objccilv at Ihc diKrLlii)n of ihL ifiisicLS. Rcstrictcd fiinds can utlly k, lISLd lor particulL2r rcslriclcd purposes iviihin iliL Iibj¢¢ls of Ilit c1i41riiy. Rcsirsclions aris¢ ivhcn 5pccifiLd IhL thTrnor 01 Ivhen funds ar¢ raiwd for parlicular ILSlriclcd purposes. Furihvr tyxplanati(In of ihc nalurc and PLirtM)sc of ch fund is includLyI iii ihe noics lo Illl finaiicidl sialclliciils. P:ii-¥ l (Tr
Mayfield Nurserie5 l¥iOtes to the Fin*n¢ial Statements- continued for the Year Emd¢(131st P+lar£h 21124 DONATIONS Af4D LEGACIES 2024 2023 Donations Gifts in kind Fundraising income 45,392 13,293 937 4.940 6,260 59,621 11,2(K) OTHER TRADIPIG AcfIviTIES 2024 2023 Plc1nl and C'afc Sales Lcasalroojn hirc 276.718 60Q 268.850 .275 277.J18 270,125 INcOlF. FROM CFIARITABLE ACTIN'ITIES 2024 Activity Th¢rapy & Tnining Grants 187,263 397.371 2024 2023 Soiithainpton Cit). Council NFIS Soiiihanipion CCG Communily Fund Soiithknrn Hcaltl) NHS Trust Mind RC Hampsliirc and Isle of Wiglit Con)JMUlhlt)' Foun(Lition .SovcrLign Flousing Ass(ki411ion Liniiied Sgiith¢inipton I'L)liinrL2ry 8er¥'iccs Oih¢r 41,368 57,635 60,692 50.000 141,096 25.018 Conlrnct rdnl Coniracl 25.018 51.585 Granl Gianl 46.079 4.509 3,429 2,28(? CTr4,2Ql Grant Othcr 32.41A) 187.2(>3 .197.171 17
Mayfield Nur$¢ries
Note5 to the bin#n¢ial.Statement$- ¢onlinwed
for the Year Ln
Mayfield Nurseries Notes to the Tr inancial Statement5- continued for the Year Ended 31" Mar¢h 2024 NET INLOMU{EXPEliDI'I'URL) Nct incomLllexpendiiur¢) is staled aft¢r ¢liar8in{¢yLlllng)= 2024 202 Auditors, r¢mun¢rntion Dcpreciation- owned assets 4.355 12,497 8,547 10. TRUSTEES, REMUP4ERATIOP4 AND BENEFITS 'rhcrc Ivcrc no Inist¢cs' remuncraiion or othcr bcncfits for thc ninc monihs to 31 si t)c¢cinber 2023 noi for thc year end 3 Isi MarLh 2023. TrStees. expcnses ThLrc ivere no truslecs. exnS$ paid for thc ninc months [0 3151 Dcccmber 2023 llOT foi Ihe ycar endcd 3 Isi Marih 2023. STAFF cos'rs 2024 2023 Wagcs and 5alaric5 So¢iL?I s¢eurity CgSts Pcnsion cosis 228,537 15.069 5,321 319.638 24.653 9.019 24S.927 351,311) Tlic ai'LYagL tnonihly nunibcr of employces diiring th¢ pcriod was 11.91 {2022.. 11.131 on a full-(iiMc eqLiivalcnt basis. Thirc were no ¢JiiployLYs iYhosL IK"ncfits exccedcd £l)O.000 diiTing Ihc pcriod. TIIL (Otal LiiipIoyLC bencfiis of k¢y Inanaup¢incnt pcisonncl lor thc pctiod iv¢r¥ £31.423. PagL 19
Mayfield Nurserie$ Notes to the Tr'inancigl Statement5- continued for the Y¢4r Ended 31st Mareh 2024 12. TANGIBLE blXED ASSE'I'S Piani and inachin¢ry Moior vehiclcs Toials COST At l April 2023 Addiiions Disposals (IransfLr of awts to Svlcnt Mind) 111.582 449 9.970 121.552 449 1122,0011 (9,970) Ai 31 March 2024 DEPRECIATION At l April 2023 Charge for }ear EliniinatLd on dispo&il Iiransfcr) 55.752 11,227 163.9791 8.048 320 {8.368) 63,800 8,547 {72,347) At 31 March 2024 P4E"r BOOK VALUE At 3 Isi MarLh 2024 At 31 st March 2023 55,380 1,922 57,752 13. 2024 2023 Sti)cks 65.6()5 14. DEB'I'OKS: AMOUNI'S FALLIIYG DLIE IVITIIIN ONE VF..4R 2n24 2023 Coniracts & GraDI Fws A]nuun oivcd by group undei141kin85 OtliLr dcbiors VAT 910 108.2RI ALLriiLd incoinL Pr¢payinLnts 12,110 786 108.281
Mayfield Nurserie5 Notes to the Financial Slatement$- continued for thc Vcar Endcd 31st Nlar¢h 2024 15. CRF.DITOIiS: AMOUNTS bAI.I.ING DLIE IVITIIIN ONF. YEAR 2024 2023 Tradc LTditois Amounis owed 10 group undcrrakings Social S¢¢iLrily and othcr thxcb P¢nsion Fund VAT Ac¢nials and deferred income 9,482 7.015 1,850 3,769 65.532 16. MON'LMbP4T IN FUNDS Nel iiiovemcnt in funds TraTrsfcrs bctwecn funds At At 1_4.23 Unre5trieted funil$ GcncriG I fiind Capital IIDprovetnenl Reserve Gcncral Fixed Awl ResLrv 11,024 27.543 57.752 {35.06()1 50.028 22,986 57.752 93.319 {35,0661 50.02% 108,281 Reslricted funds RLstiicied OpLr41ting fiind 50.028 (50.028) TOTAL FUNDS 143,347 (35.0661 108,281 Nct movlincnt in funds, inlluded in ihe above aiL as folloivs". Incoiiiing rcsoiirccs Rcsoiir¢cs cxpcndcd Movctncnt Unre$tricteil funds GenLial luiid 499225 (484.263) 14.91)2 Restricl¢d funds Re8lricicd C)pLrLltingt fund 24,977 175,1)051 150,028} TOTAI, FUNDS 5*4,202 (55C).2C)81 13.4,Q(i(?I
layfield Nurseries IY&tes to the Fingncial Statements- continued for the Year Ended 31st l¥l#rch 2024 15. i¥IOVEMLYT IN F'UNDS- continued Comparatives for movement in funds Nct Inovcmcnl in funds Transf¢rs bctwwn funds Ai 31.3.23 Ai 1.4.22 Unre51ri¢ted fund5 Gencral fund Capital Improvement R¢servc G¢n¢rdl Fixcd A&set R¥%'rve 50,441 38.295 50,367 145.784) 3.367 {10.752) 7,385 8,024 27.543 57,752 139.103 (45.7841 93.319 Restricted funds Rcstrictcd Opcia¢ing fllnd 22.419 27,609 50.028 'I'OTAI. FUND% 161,522 118.175) 143,347 Coinparativc nel movLTncnt in funds. Incli¢d in ihc alTrove arc as follows.. Incoiiiing T¢SOUT¢¢S RcsourLcs CXPLndLd Movtiiicnt in funds L'rtre$tri¢te(I fun(15 562.057 {(A)7.841) 145.7841 Restricted luni15 RcslrictLd Opciating fund 116.639 {89,030) 27.609 TO-I'AL bUYI DS 6711,69() {()96.871) {18,1751 Restricted funds RebifiLlcd OpcraliHg Fun(Is- nci rcslrictcd incon)L r¢c¢ivcd in Tclation to ihc cliariiy's scTrictr proillslon.
layfield Nur5erles Notes to the Financial Statements- coTh¢inutd for the Ytar Ended 3l$t .larCh 2024 16. ELATF,D PARTY DISCLOSURES 'hc charitablc company has 14Lkcn advantage of cxemption. undthe M}sOf Financial R¢poTiit)g Standard 102 1.he kinancial R¢porting Standard applicabl¢ in thL UK and Rcpublic ofiiclatbj.. not Lo di%10sc rclated party tiansa¢iions with wholly owned subsidiarics withit) thc group. Thcrc W¢ no rclated party traNaciions for thc ycai vnded 31 si Mar¢h 2024. 17. POST BALANCE SHEET EVENTS This 15 the final balance shcei as Mayficld Nurseries has merged inkn Soletbl Mind as at l January 2024. i¥. IJI.TIMATE CONTROLLIING PARTY l-liroughout the period M4iyfiLld Nurseri¢s wa5 Controlled u111malY by its sole m¥inbci SoletL¢ Mind by way of a IOO/o guannieL. Thc Board of Tru5tccs elcctcd by il)¢ mcinbers govcms ihc a(TaiT5 tsf Il)¢ chai'it). bclwwn Arlniial GcnLrnl Melting5. Thc BoLvd of Ttust£*s agreed Lo merg¢ Mayfield h'ur5crics inio Solcnt Mind as at 31 D¢xcmbcr 2023. Ai 31 $1 l)cL'cmber 2023 Mayficld Nurs¢rics all asscts transferrLd io Solenl Mind12023.. Solcnl Mind owcd Mayfibld Nur5crics £7.015).