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 activities**1
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