REGISTERED COMPANY NUMBER: 02156182 (England and Walesl REGISTEREDCHARITY NUM8ER.. 299059 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR MAYFIELD HOMETRUST LIMITED GCSD Xeinadin Ltd 701 Stonehouse Park Sperry Way Stonehouse Gloucestershire GLIO 3UT
MAYFIELD HOMETRUSTLIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Chairman'5 Report Report of the Trustees 2to5 Independent Examiner's Report statement of Financial Activities Balance Sheet 8t09 Statement of Cash Flow io Notes to the Statement of Cash Flow li Notes to the Financial Statements 12to17 Detailed Statement of Financlal Activities 18to19 Investment Schedule 20
MAYFIELD HOME TRUST LIMITED (REGISTERED NUMBER.. 021561821 CHAIRMAN'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 A5 this is my last report as Mayfield's Chairman, I thought I'd take a trip down memory lane. I've been involved with Mayfield for approx. 35 years now. The company wa5 Incorporated in August 1987 with a vision to bring Gloucester residents back from the big long stay hospitals sited around Bristol and to allow them to have as normal a life as possible. We have our name because the first home was 'MayField' on Horton Road. The company built up from one to 19 homes but then the Health Authority put the contract out to tender and Brandon Trust was successful and took over the homes. Looking back overthe changes from supervislng those 19 homes Mayfield continued to develop and with our funds invested in the charity arms of two investment banks, CCLA and initially Schroder's, which has now become Cazenove our capital has continued to grow. We meet both fund managers annually and have regular email updates from them. As our capltal grows we have enough interest to cover grant applications each quarter. Both companies promised 4% income on the investment and have so far managed to meet that target. We review our policies 3 yearly on a rotation and these are updated when and where necessary. The range of items requested has broadened over the years with IT items and holidays top of the list. All qLtalifyin8 applicatlons are considered. It just remains for me to thank all Trustees both past and present for their caring and compassion when dealing with applieation5 from the LO people of Gloucestershire also our CS, Angle for keeping the Trust running smoothly and for her support and guidance over many years. l am Immensely proud of all that Mayfield has done over the years since 1987 and the difference it has made to the Learning Disabled of Gloucestershire. Lastly I thank FCC for generousty hosting our meetings again this year. Ann Greaves Chairman .el.10. 2024 Page I
MAYFIELD HOME TRUST LIMITED (REGISTERED NUMBER: 021561821 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees, who are also dirertors of the charity for the purposes of the Companies Art 2006, present their report with the financial statements of the charity for the year ended 31 March 2024 under the Companie5 Act 2006 and the Charities Act 2011. The Trustees have adopted the provisions of the Statement of Recommended Practice ISORPI 'Accounting and Reporting by Charities, in preparing the annual report and financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffective l January 20191. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02156182 IEngland and Wales) Registered Charity number 299059 Registered office 701 Stonehouse Park Sperry Way Stonehouse Gloucestershire GLIO 3UT Principal addre Pound House The Ryelands Randwick Stroud Gloucestershire GL6 6HQ Trustees Mrs D A Greaves Mrs M A Herbert Mrsl Hey MrD B Rogers Mrs C M Thomp50n Mr K R Stannard Mr R M Hollick Ms A E Llewellyn Mrs L Perkins Chalrman Vice-chairman resigned 29 January 2024 appointed 27 April 2023 Company Secretary Mrs A S Wilton Page 2
MAYFIELD HOME TRUST LIMITED {REGISTERED NUMBER., 021561821 REPORT OF THE TRusfEES FOR THE YEAR ENOED 31 MARCH 2024 REFERENCE AND ADMINlSfRATIVE DEfAILS Independent examiner Mr M Aldridge GCSD Xeinadin Limited 701 Stonehouse Park Sperry Way Stonehouse Gloucestershire GL103UT Solicitors Davies and Partners Rowan House Barnett Wav Gloucester GL4 3RT. STRucfuRE. GOVERNANCE AND MANAGEMENT Governing document The Charity Inumber 2990591 is a charitable company limited by guarantee (number 021561821 and was Incorporated on 21 August 1987. It is governed by the Memorandum and Articles of Assoclation. The Articles of Association were amended on 19 january 2005. In the event of the company being wound up members are required to contribute an amount not exceeding £100. The charity operates from Pound House. The Ryeland5, Randwick. Stroud, Gloucestershire, GL6 6HQ. The registered office of the charitable company is shown on page 2. Recruitment and appointment of new trustee5 The directors of the company are also charity trustees for the purpose5 of charity law. Every person who wishes to be a director shall deliver an application for membership in such form as the Board requires. All applitations for membership may be approved or rejected by the Board and no person shall be admitted to be a member of the company unless their application is approved by the Board. The number of director5 shall not be less than three and not more than twelve. Directors retire by rotation but a eligible to offer themselves for re-election. Induction and training of new trustee5 A formal handbook covering the Charity's background, operational framework and its objectives is in place and is distributed to all new trustees along with the latest financial statements. Organisational structure The organi5ational Structure of the Charity is such that long terrn strategic declslons are made during regular board meetings attended by the directors and the company secretary. Page 3
MAYFIELD HOME TRUST LIMITED (REGISTERED NUMBER: 021561821 REPORT OFTHETRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRucfuRE, GOVERNANCE AND MANAGEMENT Risk management The Trustees acknowledge their responsibility to assess and mitigate the major risks to which the Charity is exposed. The Trustees have conducted a review of the major risks to which the Charity is exposed and, where appropriate, systems or procedures have been established to mitigate those risk5. Internal control risks are minimised by the implementation of procedures for authorisation of transactions. OBJEcfivES AND ACTIVITIES Objectives and aims The principal activity of the Charity in the year under review wa5 that of providing charitable grants in accordance with the Charity's objects. The current objects of the Charity are to 5UPPOrt, from time to time. individuals with learning disabilities, or families with a member who has learning disabilities Within the county of Gloucestershire. Statement on Public Benefit The Trustees are aware of the Public Beneflt provisions of the Charities Acl 2011 and of the guidance on them published by the Charity Commission. They are Satisfied that the objects of the Charity and the activities of the Charity are within the definitions of Charitable Purposes as set down in the Act. The Trustees are not aware of any public detriment caused by the Charity's objects or activities, and nor are they aware of anyone receiving private benefit from the Charity's activities. FINANCIAL REVIEW Reserves policy The Charity is a grant making company and its income generating assets are, therefore, held as investments and cash deposlts. The Board of Trustees applles the income derlved to giving grants in accordance with the objects of the company. In any given year. a surplus or deficit on net resources will arise- its size will fluctuate and be dependent on the timing of grant payments made. Incoming resource5 The main source of income during the year was that of interest received on barhk balances and dividends received on inve5tment5. The total income for the year was £87,68912023- £86,402). Investment poll¢y and objectives The investment objective is to balance income and capital returns. The assets should be managed to at least maintain the real capitsl value whilst generating a level of income to support the charitable activities. An investment policy statement is in place to provide a framework for the management of its assets. It is reviewed on an annual basis to ensure its appropriateness. Page 4
MAYFIELD HOME TRUST LIMITED (REGISTERED NUMBER: 021561821 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STATEMENT OF TRUSTEES RESPONSIBILITIES The Trustees (who are also the directors of Mayfield Home Trust Limited for the purposes of company lèwl are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 leffective l January 20191 the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charitie5 and with the Charities Act 2011. Company law requlres the Trustees to prepare flnanclal statements for each flnancial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to,. Select suitable accounting policies anil then apply them consistently, Observe the methods and principles in the Charity SORP, Make judgements and estimates that are reasonable and prudent, Prepare the financial statements on the goin8 concern basis unless it is inapproprlate to presume that the charitable company will continue in business. The Trustees are responsible for keeping proper accountlng records which disclose wfth reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Art 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps forthe prevention and detection of fraud and other irregularities. Thi5 report has been prepared in accordance with the special provislons of Part 15 of the Companles Act 2006 relating to small companies. Approved by order of the Board of Trustees On 2024 and signed on its behalf by: 93 10 2LF. Mrs D A Greaves- Trustee Page 5
INDEPENDENT EXAMINER'S REPORTTOTHETRusfEES OF MAYFIELD HOME TRUST LIMITED IREGISTERED NUMBER: 02156182) Independent Examine¢s report to the trustees of Mayfield Home Trust Llmlted I'the Company) I report to the Charity Trustees on my examination of the financial statements of the Company for the year ended 31 March 2024 set out on pages 7 to 17. Respective responsibllltles of trustees and examiner The Charity's Trustees (who are also the directors for the purposes of company lawl are responsible for the preparation of the financial statements in 3ccordance with the requirements of the Companies Act 20061'the 2LNJ6 Act). The Charity'5 Trustees consider that an audit is not required for this year lunder Section 144121 of the Charities Art 2011 (the 2011 Actll and that an independent examination is required. Having satisfied Myse that the Company is not subject to audit under company law under Part 16 of the 2006 Act and is eligible for independent examination, it Is my responsibility to: examine the accounts under Section 145 of the 2011 Act to follow the procedure5 laid down in the General Directions given by the Charity Commission lunder Section 14515llbl of the 2011 Actl,. and to state whether particular matters have come to my attention. Basis of the Independent Examlner's report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examlnatlon Includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also include5 consideration of any unusual items or disclosures in the accounts and seeking explanation5 frorn you as Trustees concerning any such matter5. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statements below. Independent examiner's Statemerrt I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act, or the accounts do not accord with those records. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2(KJ6 Act other than any requirement that the accounts give a true and fair view which 15 not a matter considered as part of an independent examination, or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charitles lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matters in connection with the examination to which attention Should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr M Aldridge GCSD Xeinadin Limited 701 Stonehouse Park Sperry Way, Stonehouse Gloucestershire GLIO 3UT A(JA i oo£L. 2024 Date.. ut'"DC- Page 6
MAYFIELD HOME TRUST LIMITED IREGISTERED NUMBER: 021561821 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENOED 31 MARCH 2024 2024 Restricted Total funds fund 2023 Total funds Unrestricted fund Notes INCOMING RESOURCES Incoming resources from generated fvnds Investment income 87,689 87,689 86,402 Total incoming resources 87,689 87,689 86,402 RESOURCES EXPENDED Charitable activities Grants Support costs 66,122 18,206 66,122 18,206 63,348 17,279 Totsl resources expended 84,328 84,328 80,627 INCOMINGIIOUTGOINGI RESOURCES 3,361 3,361 5,775 Other recognised gainslllosse51 Gainslllossesl on investment assets 181.913 181.913 1143,1101 Net movement in funds 185.274 185,274 1137,3351 RECONCILIATION OF FUNDS Total funds brought fonyard 2,537,452 29,924 2,567,376 2,704,711 TOTAL FUNDS CARRIED FORWARD 2,722.726 29,924 2,752,650 2,567,376 All incoming resources and resources expended arise from continuing actwities. The notes form part of these financial statements Page 7
MAYFIELD HOME TRUST LIMITED (REGISTERED NUMBER: 02156182)
BALANCE SHEET
AT 31 MARCH 2024
| Unrestricted fund Notes £ FIXED ASSETS Investments 6 2,660,859 CURRENT ASSETS Prepayments and accrued income 7 11,749 Cash at bank 69,134 80,883 CREDITORS Amounts falling due within one year 8 (19,016) NET CURRENT ASSETS 61,867 TOTAL ASSETS LESS CURRENT LIABILITIES 2,722,726 NET ASSETS 2,722,726 FUNDS 9 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - - 29,924 29,924 - 29,924 29,924 29,924 |
2024 Total funds £ 2,660,859 11,749 99,058 110,807 (19,016) 91,791 2,752,650 2,752,650 2,722,726 29,924 2,752,650 |
2023 Total funds £ 2,481,715 11,541 93,043 104,584 (18,923) 85,661 2,567,376 2,567,376 2,537,452 29,924 2,567,376 |
|---|---|---|---|
The notes form part of these financial statements
continued...
Page 8
MAYFIELD HOME TRUST LIMITED (REGISTERED NUMBER: 021561821 BALANCE 5HEET- CONTINUED AT 31 MARCH 2024 The charitable company is entitled to exemption from audlt under Sectlon 477 of the Companles Act 2006 for the year ended 31 March 2024. The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The Trustees acknowledge their responsibilities for lal ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable cornpany as at the end of each financial year and of it5 surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companles Act 2006 relatlng to financlal statements, so far as applicable to the charitable company. Ibl These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies, regime. The financial statements were approved by the Board of Trustees on behalf by: 024 and were signed on its Mrs D A Greaves-Trustee Mr D B Rogers-Trustee The notes forni part of these financial statements Page 9
MAYFIELD HOME TRUST LIMITED (REGISTERED NUMBER: 02156182)
STATEMENT OF CASH FLOW
FOR THE YEAR ENDED 31 MARCH 2024
| Notes Cash flows from operating activities1 Cash generated from operations Net cash provided by/(used in) operating activities Cash flows from investing activities Sale of fixed asset investments proceeds Interest received Net cash used in investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2024 £ 2,775 2,775 2,875 365 6,015 6,015 93,043 99,058 |
2023 £ 3,572 3,572 - 102 3,674 3,674 89,369 93,043 |
|---|---|---|
Page 10
MAYFIELD HOME TRUST LIMITED (REGISTERED NUMBER: 02156182)
NOTES TO THE STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31 MARCH 2024
1. RECONCILIATION OF NET (OUTGOING)\INCOMING RESOURCES TO NET CASH (OUTFLOW)/INFLOW FROM OPERATING ACTIVITIES
| Net (outgoing)/incoming resources Interest received Realised gains on sale of investments (Increase)/Decrease in debtors Increase/(Decrease) in creditors Net cash inflow/(outflow) from operating activities |
2024 £ 3,361 (365) - (314) 93 2,775 |
2023 £ 5,775 (102) - 13 (2,114) 3,572 |
|---|---|---|
2. ANALYSIS OF CASH FLOWS FOR HEADINGS NETTED IN THE CASH FLOW STATEMENT
| Returns on investments and servicing of finance Interest received Net cash inflow for returns on investments and servicing of finance |
2024 £ 365 365 |
2023 £ 102 102 |
|---|---|---|
3. ANALYSIS OF CHANGES IN CASH AND CASH EQUIVALENTS
| At 1 April 2023 | Cash flow | At 31 March | |
|---|---|---|---|
| 2024 | |||
| £ | £ | £ | |
| Net cash: | |||
| Cash at bank | 93,043 | 6,015 | 99,058 |
| Total | 93,043 | 6,015 | 99,058 |
Page 11
MAYFIELD HOME TRUST LIMITED (REGISTERED NUMBER: 021561821 NOTESTOTHE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparation The financial statements of the charitable company, which 15 a public benefit entity under FR5102, have been prepared in accordance with the Charities SORP IFR5102I 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffective l January 20191, Companie5 Act 2006 and with the Charities Act 2011. The financial statements have been prepared under the historical cost convention, wlth the exception of investments which are included at market value, as modified by the revaluation of certain assets. Incoming resources All incoming resources are included on the Statement of Financial Activities when the Charity 15 legallv entitled to the income and the amount C3n be quantified with reasonable accuracy. Resources expended Llabilitles are recognised a5 expenditure as soon as there is a legal or constructive obligation tommitting the Charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been cla55rfied under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis conslstent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Taxatlon The Charity is exempt from corporation tax on it5 charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees. There were restricted funds applied during the year 2024. INVESTMENT INCOME 2024 2023 Dividends Interest on fixed deposit Deposit account interest 86.492 832 365 86,062 238 102 87.689 86,402 The investment income from CCLA Investments was received after deduction of the annual management fee5 charged at the rate of 0.88% on the value of the fund. The fee5 accrue monthly and are based on a fixed percentage of the value of the fund at the previous valuation. The total amount of estimated fees tleducted during the year to 31 March 2024 was £14.120. This page forms part of the statutory financial statements Page 12
MAYFIELD HOME TRUST LIMITED IREGISTERED NUMBER.. 021561821 NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 CHARITABLE AcnviTIES COSTS 2024 2023 Grants Computer equipment Educational Furniture and white goods Toys and equipment Trip5 and activities Medical Salary 8,940 1,620 19,255 9,397 15,502 5,468 5,940 66.122 4.053 1,000 20.853 15,494 14,735 1,273 5,940 63,348 Support costs Accountancy Investment management fees Postage and stationery Advertising and website Travel and meeting costs Insurance Bank charges Administration assistance costs Subscriptions and other sundries 2,280 2,803 427 i.oio 473 639 361 10.156 57 2,160 2.936 380 1,105 356 626 361 9,174 181 Total expendlture 80 TRUSTEES, REMUNERATION AND BENEFITS No remuneration or other benefits We paid to Trustees during the year ended 31 March 2024. Trustees, expenses Total reimbursed expenses of £166 were claimed bythe trustees during the yearended 31 March 2024. STAFF COSTS There were no persons employed by the Charity during the year. Other costs were.. 2024 2023 Admlnistration and secretarial fees 10,156 9,174 Thls page forms part of the statutory financial statements Page 13
MAYFIELD HOMETrUST LIMITED {REGISTERED NUMBER: 021561821 NOTES TOTHE FINANCIALSTATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 FIXED ASSET INVESTMENTS 2024 2023 Listed stocks and shares Fixed deposits 2,660.532 327 2,481,494 221 2.660,859 2,481.715 Additional information as follows.. CCLA Charities fund Cazenove Fund Totals MARKET VALUE At l April 2023 Additions Disposals Unrealised gainslllossesl 1,549,832 931,662 2,481,494 12,0861 40,837 12,0861 181,124 140,287 As 31 March 2024 1,690,119 970,413 2,660,532 BOOK VALUE At 31 March 2024 1690 119 970 413 266053 At 31 March 2023 1549 832 931662 2 481494 There were no investment assets held outside the UK. Cash held on capital account not yet invested wa5 as follows.. 2024 2023 Cazenove capital account 327 221 PREPAYMENTSAND ACCRUED INCOME 2024 2023 Prepayments and accrued income 11,749 11.541 This page forms part of the statutory financial statements Page 14
MAYFIELD HOME TRUST LIMITED IREGISTERED NUMBER: 02156182} NOTESTO THE FINANCIALSTATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Accruals and deferred income Grants outstanding 2,321 16,695 2,410 16,513 19,016 18,923 MOVEMENT IN FUNDS Net movement in funds At l April 2023 At 31 March 2024 Unrestricted fvnds General fund Restricted funds Denise Brookes, Fund 2,537,452 185,274 2,722,726 29,924 29,924 TOTAL FUNDS 2.567,376 185,274 2.752,650 Net movement in funds, included in the above are as follows.- Incoming resources Resources expended Gains and losses Movement in fund5 Unrestrlcted fvnds General fund Restricted funds Denise Brookes, Fund 87.689 184.3281 181,913 185,274 TOTAL FUNDS 87,689 184,3281 181,913 185,274 This page form5 part of the statutory financial statements Page 15
MAYFIELD HOME TRUST LIMITED {REGISTERED NUMBER: 021561821 NOTESTO THE FINANCIALSTATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS 2023 COMPARATIVES Net movement At l Aprll in funds At 2022 At 31 March 2023 Unrestricted funds General fund 2,674,787 1137,3351 2.537,452 Endowment funds Denise Brookes Fund 29,924 29,924 TOTAL FUNDS 2,704,711 1137.3351 2,567.376 Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and Movement losses in funds Unrestricted fund5 General fund 86,402 180,6271 1143,1101 1137,3351 Endowment funds Denise Brookes Fund TOTAL FUNDS 86,402 180,6271 143,1101 1137,3351 Thi5 page forms part of the statutory financial statements Page 16
MAYFIELD HOME TRUST LIMITED IREGISTERED NUMBER.. 02156182) NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS-continued A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31 March 2024 At l April 2022 Unre5tri¢ted funds General fund 2,674,787 47,939 2.722,726 Endowmentfunds Denise Brookes Fund 29,924 29,924 TOTAL FUNDS 2,704,711 47,939 2,752.650 A current year 12 month5 and prior year 12 months combined net movement in funds, included in the above are as follow5- Incoming resources Resources expended Gains and Movement losses in funds Unrestricted funds General fund 174,091 1164,9551 38,803 47,939 Endowment funds Derbise Brookes Fund TOTAL FUNDS 174,091 1164.9551 38,803 47.939 10. RELATED PARTY DISCLOSURES There were no related party transaction5 for the year ended 31 March 2024. 11. CONTROL OF THE COMPANY This 15 a charitable company limtted by guarantee, which is run by the Board of D1CtorS. This page forms part of the statutory financial statements Page 17
MAYFIELD HOME TRUST UMITED (REGISTERED NUMBER: 02156182) DAlLED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOMING RESOURCES Investment income Dividends Interest on fixed deposit Deposit account interest 86,492 832 365 86,062 238 102 87,689 86,402 Total Incomlng resources 87,689 86,402 RESOURCES EXPENDED Charitable activities Grants 66,122 63,348 Support costs Management Accountancy Investment management fees Printing postage and stationery Advertising and website Travel and meeting costs 2,280 2.803 427 I,oio 2,160 2,936 380 1.105 356 6.520 6,937 This page doe5 not form part of the statutory financial statements Page 18
MAYFIELD HOME TRUST LIMITED IREGISTERED NUMBER: 021561821 DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Flnance Insurance Bank charges 639 361 626 361 I,rx)o 987 STAFF COSTS Administration and company secretary fees 10,156 9,174 Other Sundry Svbscriptions 473 57 530 135 46 181 Total re50urce5 expended 84.328 80,627 Net lexpenditure)/lncome before gains 3,361 5,775 Realised recognised gains and losses Realised gains/llossesl on fixed asset investments Net incomel{expenditurel 3,361 5,775 This page does not form part of the statutory financial 5tatement5 Page 19