REGISTERED COMPAP4Y NUMBER.. 03146901 (England and Wales)
REGISTERED CHARITY NUMBER: 1056683
Report of the Trustees and
Audited Flnancial Statement5 for the Year Ended 31 August 2021
Mylnhurst Limited
CJ Woodhead & Co Limited
158 Hemper Lane
Greenhill
Shefffield
South Ygrkshire
S8 7FE

Mylnhur5t Limitèd
Contents of the Financial Statements
for the Year Ended 31 August 2021
Page
Reference and Administrative Details
I to 2
Report of the Trustees
Report of the Independent Audltors
7 to 9
statement of Financial Activlties
io
Balance Sheet
li
Cash Flow Statement
12
Notes to the Cash Flow Statpment
13 to 14
Notes to the Flnancial Statements
15 to 25
Detailed Statement of Financial Activities
26 to 27

Mylnhurst LSmited
Reference and Administrative Details
for the Year Ended 31 Au8USt 2021
TRUSTEES
MrsA C Raftery Iresigned 10.2.221
Mrs M M Bradshaw Iresigned 10.6.21}
Mrs CThompson I￿signed 10.2.221
J M Saunders Iresigned 14.2.221
A Husain-Naviatti (appointed 10.2.221
Mrs J Grundy {appointed 10.2.22)
T D Hall lappointed 10.2.221
COMPANY SECREfARIES
Mr5 A C Raftery (resigned 10.2.22)
T D Hall lappointed 10.2.221
REGisfERED OFFICE
Button Hill
Woodholm Road
Ecclesall
Sheffield
South Yorkshire
SII 9HJ
REGISTERED COMPANY NUMBER 03146901 IEngland and Wales)
REGISTERED CHARITI NUMBER 1056683
AUDITORS
CJ Woodhead & Co Limited
158 Hemper Lane
Greenhill
Sheffield
south Yorkshire
58 7FE
BANKERS
cO￿peratIve Bank PLC
PO Box 101
l Balloon Street
Manchester
M60 4EP
Lloyd5 TSB Bank PLC
14 Church Street
Sheffield
51 IHP
Pa8e I

Mylnhurst Limtted
Reference and Administrative Details
for the Year Ended 31 Atjgust 2021
Natwest
997 Abbeydale Road
Millhouses
Sheffield
South Yorkshire
S7 2QE
The Royal Bank of Scotland
5 Church Street
Sheffield
SI IHF
souaTORS
Knights (formerly Keeblesl
Commercial House
14 Commerclal Street
Sheffield
51 ZAT
Forbes Solicitors
Ground Floor
Buckingham House
Gloverf5 Court
Preston
Lancashire
PRI 3LA
Page 2

Mylnhurst Limited
Report of the Trustees
for the Year Encled 31 August 2021
The Trustees, who a￿ also directors tsf the charity for the purposes Df the Companie5 Act 2CQ6, present their
report with the financial 5tatement5 Of the charity for the year ended 31 August 2D21.
The Trustees have adopted the provisions of Accounting and Reporting by Charities- Statement of
Recommenijed Practice applicable to charitie5 preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of I￿land IFRS 1021 leffective l January 2019).
Ob
ertive5 and activlties
The objective5 of the charity are to promote the advancement of education generally, and in particular the
education and training of pupils of Mylnhur5t School, Woodholm Road, sheffield, and to carry on a school
that maximi5e5 the potential of our children through partnership within a challenging and supportsve
Christian community.
STRATEGIC REPORT
8ac
The accounts ￿t1￿ct the period from I September 2020 to 31 August 2021. During thi5 period. the country
was readjusting to life after the initial Covid lockdown. Schools and nurseries across the country re-opened
to all pupils in September 2020. with class bubbles and increased cleaning and infection control pro￿dure$.
The second national lockdown did not irnpart education establishment5 which remained open in November
and De￿mber 2020. The third national lockdown started in January 2021. with schools again closed to all
but the childrèn of key workers. Since March 2021, schools have been fully open. although dealing with
increased pupil and staff absence rates due to national 5elf-isolation requirements.
A¢hieverneTht and rfornlance
Despite the many difficulties presented by the Covid pandemic. Mylnhurst Preparatory School and Nursery
has Eontinued to provide an excellent education for it5 pupils. A new Headteacher was appointed from I
September 2020, undertaking a review of poli¢ies and procedures and introducing changes in staffing to
improve music and SEND provision. Nativities and clèss assemblies took place in the Autumn term. as well as
limited sporting events.
The school was well prepa￿d for the enforced partial closure in Spring 2021, and seamlessty transitioned to
remote leaming for non-keyworker pupils. Pupils were supported academically and pastorally at home, with
the 'Mylnhur5t at Home, provision that school L)ffered. Google Classroom and physical workbooks provided
through a Covid-5ecure delivery system were used in tandem to ensure that the 5arne high-quality provision
was in pla￿ a5 Usual.
Limited sporting event5 took place, including the Mylnhurst Mile and internal competitions. Similarly, the
Usual calendar of musical events went ahead but without audiences. Mylnhurst was placed in the Top 50
Preparatory Schools in The Times rankings.
Page 3

Mylnhur5t Limited
Report of the Trustee5
for the Year Ended 31 August 2021
Public benefrt
The Trustee5 have regard to the Charity Commission's guidance on public benefit. The Trustees have allowed
the school premises to be used. free of charge, by Sheffield's fostering services on two occasions to provide
a safe and private environment for looked after children to enjoy a party. Additionally, The Trustees have
5LlPPQrted the school'5 fundraising efforts for a number of charitable cause5, including Sheffield Children's
Hospital and Red Nose Dav.
Financial review
The main source of income for Mylnhurst Limited arises from fees reoived for educational services provided
by the School and nursery. including wraparound care and specialist club5. Despite lockdown periods
throughout the year, the school wa5 able to continue to charge fu51 school fees and pupil numbers grew. The
Trustees will continue to support the Head in their marketing efforts to promote the xhool.
Investment pollcy and objectives
The Trustees operate a busines5 instant acces5 Savings account to Produ￿ an interest return on the surplus
funds.
ReseNes pollcy
The Trustees have e5tlmated the Iwel of reserves needed to bridge the funding gaps should there be a rapid
shortfall in pupil admissions. The Trustees consider that the level of reserves required to be £IOO.000. The
actual level of reserves at 31 August 2021 was £1,372,60612020- £1.367.4501.
Towards the end of the accounting period, £51,240 was committed frDm reSe￿e$. to replace the boiler in
the main school bullding during september 2021.
Plans for the future
The Trustees plan to continue to strengthen the reputatirjn of the school for its academic, sporting and
musical achievements. This will be achieved by supporting the Senior Leadership Team to meet its goals. as
outlined in the school development plan. Investing in the school'5 playground is a particular priority, which
should benefit pupils both in term5 of their provision but a150 Wlth behaviour and with sporting opportunities.
In the longer term, the Trustee5 hope to enable the Head to increase staffing levels to pre-pandemic
numbers, particularly in the music and sporting areas of study.
Structure
overnance and man
ernent
MylnhLTrf5t Limited 15 a Eompany limited by guarantee, governed b¥ its Memorandum and Articles of
Association dated 16 january 1996. It is registered as a charity with the Charity Commission. Membership of
the company must be approved by the Board of Trustees. Every person who wishes tu become a member
shall deliver to the company an application for membership in such form as the Board require. Every member
undertakes to contribute an amount Inot exceeding £1) in the event of the charity winding up.
Page 4

Mylnhur5t Limited
Report of the Trustees
for the Year Ended 31 August 2021
The Trustees delegate the day-to-day management of the charity to the Headteacher, Mrs Hannah
Cunningham, and the schoofs Senior Leadership Team. For the year to 31 August 2020, this included Kirstv
Holland, Tom Newton and Wiesia Lesniak. Fiona Wilcock joined the school on I September 2021 as Business
Manager and a memberofthe SLT. Wiesia Le5niak Stepped down fromthe SLTwith effect from I September
2021.
The Trustees Set the pay of the Senior Leadership Team using the Teachers, Pay Scale and the Leadership Pay
Scale a5 benchmarks. Teachers. remuneration is aligned with the Teacher5, Pay Scale.
Recruitment and appointment of new Trustees
As set out in the Articles of Association the members of the Board Shall not be subject to any maximum, but
shall not be less than three member5. No person who 15 not a member of the company shall in any
circumstances be eligible to hold Offi￿ as a member of the council. At the Annual General Meeting one-third
of the members of the Council lor if their number is not a multiple of three then the number nearest to one-
thirdl shall retire from office.
When a vacancy ha5 arisen for a new Trustee, an advertisement is published on the 5chool'5 web5tte. with
the IS8A and with the TES. Applications are re￿iVed and interviews conducted with the p￿sent Board
member5.
The 8oard recDgnised that the number of Trustees was small, and that Trustees had been involved with the
School for a relatively long timè. A recruitment drive wa5 undertaken in Autumn 2021. with additional
Trustees appointed to the Board in Spring 2022. At this point the previous members of the Board stepped
down.
Orgat)Isational structure
The Board of Trustee5 administers the charity. Throughout the period covered by the accounts. the Board
met half ternily. with the Headteacher in attèndance. During the period of the third national lockdown
(January 2021 to March 20211 the Board met weekly.
Recrultment, induction and trainlng of new Trustses
Newly recruited trustees are provided with an induction programme, overseen by the Head of Complian
and DSL. Thi5 includes familiarisation with School policies and procedures and safeguarding training. Trustees
have acce5S to further training from The Key, the ISA arbd the ISBA.
Related partles
The landlords of the charity's operational premise5 are the Trustees of thè Institute of Our Lady Of Mercy.
This charity is keen to support the school, and so only charge a below-market rènt.
A separate company known as Mylnhurst Sports Education & Leisure Ltd has been set up to opèrate the
McAule¥ Building. This Company is limited by guarantee and has the same Tru5teps as Mylnhurst Ltd. It has
been agreed by the Trustees that Mylnhurst Ltd will a5515t the cashflow of Mylnhurst Sport5 Education &
Leisure Ltd by provision of an interest free loan when required. All monies are tts be repaid in full to Mylnhurst
Ltd as and when the business of Mylnhurst Sport5 Education & Leisure Ltd allow5.
Page 5

IAylnhurst Limited
Report of the Trustees
for the Ye31 Ended 31 August 2021
The company has formed a wholly owned subsidiary called Mylnhurst Merlin5 Ltd. This cownpany is a trading
company, providing sporting and recreational services to the community. Mylnhur5t Merlins has the same
Trustees as MylnhuTSt Ltd.
Adrninistratlve Detalls
The administrative details for the Charity are recorded on pages l and 2.
Trusted res
onslbllities
The Trustees (who are also the directors of Mylnhurst Limited for the purpose5 of company lawl are
responsible for preparing the Report of the Trustees and the Financial Statements in accordance with
applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting
Practice). Company law requires the Trustee5 to prepare financial statements for each financial year which
give a true and fair view of the state of affairs of the charitable company and of the incoming resources and
appllcation of resourrEs, including the income and expenditure, of the charitable company for that period.
In preparing those financial statements. the Trustee5 ore required to-
select Suitable accounting policies and then apply them conslstently:
observe the methc)ds and principles in the Charity SORP..
make judgemerit5 and estimate5 that are reasonable and prudent:
state whether applicable accountlll8 Standards have been followed, Subject to any material
departufes disc105ed and explained in the financial statement5:
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charitable company will cDntinue in business.
The Trustees are responsible for keeping proper accounting record5 which disclose with 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 Companie5 Act 2006. They are also responsible for Safeguarding the assets of
the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities. In 50 far as the Trustee5 are aware..
there 15 no relevant audit Information of which the charitable company's audltors are unaware,. and
the Trustees have taken all steps that they ought to have iaken tD make themselves aware of any
relevant audit information and to establish that the auditors are aware of that information.
The report of the Trustees. incorporating a strategic report, wa5 approved by order of the Buard of Tru5tee5,
a5 the company Directors, on 17 May 2022 and signed on the Board's behalf by..
Mr Asif Husain-Naviatti - Trustee
Page 6

fteport of the Independent Auditors to the Members of
Mylnhurst Limited
Opinlon
We havE audited the financial statements of Mylnhurst Limited Ithe 'charitable company'l forthe ye.ar ended
31 August 2021 which cornprise the Statement of Financial Attivities, the Balance SheeL the Cash FIDW
Statement and Notè5 to the financial statements, including a Summary of significant accounting policie5. The
financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charitsble company's affairs a5 at 31 August 2021 and of its
Incoming ￿sourceS and application of re￿urces, including tts income and eKpendlture, for the year then
ended-
have been properly prepared in accordance with United Kingdom Generdlly Accepted Accounting Practbce;
and
have been prepared in accordance with the reqUI￿￿ents Df the Companies Act 2QO6.
Basis for opinion
We conducted our audit in accordance wlth International Standards on Auditing IUKI IISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditors,
responsibilities for the audit of the financial statements settioft of our report. We a￿ independent of the
haritable company in accordance with the ethical requirements that are relevant to our audlt of the financial
statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is SLrficient and appropriate to provide a basis for our opinion.
Conclusions relating to zolng Cob￿eM
In auditing the financial statements. we have concluded that the tru5tees' use of the golng concern basisof
accounting ifi the p￿paration of the financial statements is appropriate.
Based on the work we have performed. we have not Identified any material uncertainties relating to events
or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability
to continue as a going concerrb fora period of at least twelve months from when the financial statement5 a
authorised for issue.
Our responsibilitie5 and the responsibilit￿5 of the trustees with respect to going concern are described in the
relevant section5 of thi5 report.
Other information
The trustees are responsible for the other inforniation. The other information comprises the information
incluLled in the Annual Report, other than the financial statements and our Report of the Independent
Auditors thereon.
Our opinioTr on the financial statement5 does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not expre55 any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information
and. in doing so, consider whether the other information is materially inconsistent with the financial
Statements or our knowledge obtained in the audit or othertvise appears to be materially mi55tated. If we
identify such materiiil inconsistencies or apparent material misstatements, we are required to determine
whether this gives rise to a material mi5Statement in the financial statements themselves. If. based on the
work we have performed. we conclude that there is a material misstatement of this other information, we
are required to report that fact. We have nothlr)g to r2port in thi5 regard.
Page 7

Report of the Independent Auditors tc) thè Members of
Mylnhurst Limited
Opinions Dn other matter5 prescribed by the Companles Act 2006
In our opinion, based on the WDrk undertaken in the course of the audit..
the inft)rmation given in the Report of the Trustees forthe financial yearfor which the financial statements
are prepared is consistent with the financial statements,. and
the RepK)rt of the Trustees has been prepared in accordance with applicable le8al requirements.
Matters on whlth we are required to report by exceptlon
In the light of the knowledge and understanding of the charitable company and its environment obtained in
the course of the audlt. we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 require5 US to
report to you if, in our opinion..
adequate accounting records have not been kept or returns adequate forour audit have not been re￿iVed
from branches not visited by us,. or
the financial statement5 are not in agreement with the accounting records and ￿tUrn5- or
certain disclosures of trustees, remuneration specified by law are not made,. or
we have r)ot received all the infomation and explanations we require for our audit.
Responsibi1ftSts of trustees
As explained more fully in the statement of Trustees, Responsibilities, the trustees Iwho are also the director5
of the charitable company for the purposes of company lawl are responsible for the preparation of the
financial statements and for being satlsfied that they give a true and fair view. and for such internal control
as the trustee5 determine is necessary to enable the preparation of financial statements that are free from
material mi5ttatement. whether due to fratsd or error.
In preparing the financial 5tstements. the trustees a￿ responsible for a55e55ing the charitable company's
abllity to continue a5 a going concern, disclosing, a5 applicable. rnatter5 related to going concern and using
the going concern basis of accounting unless the trustees elther intend to liquidate the charitable company
or to cease operations. or have no realistic alternative but to do so.
Our rn5ponslbllltle5 for the audlt Df the financial statements
Our objettives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error. and to issue a Report of the Independent
Auditors that include5 our opinion. Reasonable a55urance is a high level of a55urance. but is not a guardntee
that an atjdit conducted in accordance with ISAS ILIKI will alway5 detect a material misstatement when it
exist5. Mi55tatements can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis
of these financial statements.
The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below..
Based on our understandin8 of the Company and industry, we identified that the principal risk5 of non-
compliance with laws and regulations related to breaches of Charity regulations is5ueLI by The Charitv
Commi5si0n. and we eDnsidered the extent to which non-compliance might have a material effett on the
financial statements. We also considered those13ws and regulations that have a direct impact on the financial
statements such as the Companies Act 2006. We evèluated management's incentives and opportunities for
fraudulent manipulation of the financial statements lincluding risk of overide of controls). and determined
that the principal risks were related to PD5ting inappropriate journal entries to reduce expenditure and
management bias in accounting estimates and judsemental areas of the financial statement5. Audit
prgce(Ju￿9 performed included..
Page 8

Reportof the Independent Auditorsto the Membersof
Mylnhur5t Limited
Discussions with managefflent including consideration of known or suspected instances of non-compliance
with law5 and regulation5 and fraud-
Noting key corrèspondence with regulators such as The Charity Commission in relation to compliance with
laws and regulations,. and
Identifying and testing journal entries, in particular any joumal entries posted with unusual account
combinations
A further description of our responsibilities for the audit of the financi31 statements is located on the Financial
Reporting Council's website at www.frc.org.uklauditorsresponsibllities. This description fomis part of our
Report of the Independent Auditors.
Use of Dur report
This report is made .%olely to the charitable company's members, as a body, in accordance with Chapter 3 of
Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
charitable company's members those matters we are required to state to them in an auditors, report and for
no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibllity to anyone
other than the charitable company and the charitable company's members as a body, for our audit worl for
thi5 report, or for the opinion5 we have fomied.
C J Woodhead Isenior Statutory Auditor)
forand on behalfof CJ Woodhead & Co Limited
158 Hemper Lane
Greenhill
Sheffield
South Yorkshire
58 7FE
Date: 17 May 2022
Page 9

Mylnhur5t Limited
Statement of Financial Activities
for the Year Ended 31 August 2021
31.8.21
Unrestricted
fvnd
31.8.20
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacie5
100
300
Charitsble actl¥ltle5
Uniform sales
School income
Grant Income
General inctsme
MDther & Toddler
33,204
1.349,533
113,822
7.564
26,261
1.440,526
220,035
3.370
Investment income
ID
Total
1,504,233
1.690.894
EXPENDITURE ON
Raising funds
23.270
24,474
Charltèble artivitles
School expenses
Covid fee refund
1,475,807
1.530,796
114.093
Totsl
1.499,077
1.669,363
NEf INCOME
5,15S
21,531
RECONCILIATION OF FUNDS
Total funds brought font4ard
1,367,450
1.345,919
TOTAL FUNDS CARRIED FORWARD
1,372,606
1.367,450
The notes form part of these financial statements
Page 10

Mylnhurst Umited
Balance Sheet
31 August 2021
31.8.21
Unrestricted
fund
31.8.20
TDtsI
funds
Notes
FIXED ASSETS
Tangible a55ets
Investments
12
13
1,271,317
i(N)
1,326.939
1.271.417
1.327.039
CURRENT ASSETS
Stocks
Debtors.. amounts falling due within one
vear
Cash at bank and in hand
14
26,447
32.681
15
106,693
622,990
114,292
397.172
756,130
544.145
CREDITORS
Amounts falling due within one year
16
1426,500}
(315,0801
NET CURRETrTh ASSErs
329,630
229,065
TOTAL ASSETS LESS CURRENT LIABILillES
1,601,047
1.556,104
CREDITOR5
Amount5 falling due after rn0￿ than one
year
17
1228,4411
1188,6541
NEf ASSETS
1,372,606
1,367.450
FUNDS
Unrestricted funds
19
1,372,606
1,367,450
TOTAL FUNDS
1,372,606
1,367,450
The financial statement5 were approved by thè Board of Trustees and authori5ed for issue on 17 May 2022
and were signed on its behalf by..
A Hu&aln-Naviatti - Tru5t2e
The notes form part of these financial statements
Page 11

Mylnhurst Limited
Cash Flow Statement
fi)r the Year Ended 31 August 2021
31.8.21
31.8.20
Notes
Cash flows from operdting activities
Cash generated from operation5
Interest paid
256,575
17.8391
131.438
{12,2411
Net cash provided by operating activities
248,736
119,197
Cash flows from investing actlvities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interost received
11,245}
2,￿70
io
{112,4411
Net cash provided b¥l{u5ed inl investing activities
765
(112,4411
Cash flow5 from financing actlvlties
Loan repayment5 in year
Interest charged
126,5231
7,840
186,0971
Net cash used in financing activities
118.6831
186,0971
Change In cash and cash equlvalent5 In
the reportlng period
Cash and Cash equivalents at the
begTnnini of the TrPDrting perlod
230.818
(79,3411
392,172
471.513
Cash and cash equlvalents at the end
ol the reportlng perlod
622,990
392.172
The notes form part of these financial statements
Page 12

Mylnhurst Limited
Notes to the Cash Flow Statement
for the Year Ended 31 August 2021
RECONCIUATION OF NEf INCOME TO NET CAStrI FLOW FROM OPERATING AcfiviTIES
31.8.21
31.8.20
Net Intome for the repartlng period (as per the Statement of
Financial ActSvities1
Adjtsstments for:
Depreciation charges
Profit on disposal of fixed assets
Interest received
Interest paid
Decrease iii stocks
De￿ase in debtors
I￿¢￿aSe in creditors
5,156
21.531
56,867
12,1X)01
{ioi
7,839
6,234
7.599
174.890
70.560
12,241
7,359
17.355
2.392
Net cash provlded by operations
256,575
131.438
ANALYSIS OF CASH AND CASH EQUIVALENTS
31.8.21
31.8.20
Cash in hand
Notice deposits Ile5S than 3 months)
Overdraft5 included in bank loans and overdrafts falling due within
one year
1,159
621,831
1,676
395,496
15,0001
Total cash and cash equivalents
622.990
392.172
The movement5 shown on pages 13 and 14 of the Cash Flow Statement reflect the movements in the
assets and liabilities shown In the Balance Sheet on page 12. The notes to the Balance Sheet provide
further detail.
The note5 form part of these financial statements
Page 13

Mylnhurst Limited
Notes to the Cash Flow Statement
for the Year Ended 31 August 2021
ANALYSIS OF CHANGE5 IN NET FUNDS
At 1.9.20
Cash flow
At 31.8.21
Net cash
Cash at bank and in hand
8ank overdraft
397,172
15,L)J)I
225,818
622,990
392,172
230,818
622,990
Debt
Debts falling due within l year
Debts fallin8 due after l year
1128,8661
1148,7541
52,343
133.6601
176,5231
{182,4141
1277,6201
18.683
(258,9371
Total
114,552
249.501
364,053
The note5 form part of these flnancial statements
Page 14

Mylnhur5t Limlted
Notes to the Financial Statements
for the Year Ended 31 August 2021
ACCOUNTING POLICIES
8asls of preparing the financial Statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102,
have been prepared in accordance with the Charitie5 SORP IFR5 102) 'Accounting and Reporting by
Charitles: Statement Df Recommended Practice applicable to charlties preparing their account5 in
accordance with the Financial Reporting Standarij applicable in the UK and Republic of Ireland IFRS
1021 leffetti¥e l January 20191,, Financial Reporting Standard 102 Yhe Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the Companies Act 2C4J6. The financial Statements
have been prepared under the historical cost convention. wlth the exceptlon of Investments which
are included at market value.
Income
All incomp is recognised in the statement of Financial Activities once the charity has entitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recagnised as expenditure as 500n as there is a legal or constructive obligation
committing the charity to that expenditure, it 15 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 classified under headings that aggregate all cost
related to the category. Where costs cannot be direttly attributed to particular headings they have
been allocated to activities on a basi5 consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over Its
estimated useful life.
ImproveFnents to property
Fixtures and fittings
Motor Vehicles
Computer equipment
in accordance with the propety
20% on reducing balance
25% on reducing balan
33% on reducing balance
Stocks
Stock5 are valued at the lower of c05t and net realisable valup, after making due allowance for obsolete
and slow moving items.
Taxatlon
The charity is exempt from corporation ta¥ on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Restricted funds can only be used for particular restricted purpose5 Wlthin the objects of the charity.
Restrictions arise when specified by the donor Dr when funds are raised for particular restricted
purposes.
Furthèr explanation Df the nature and purpose of each fund is included In the notes to the flnancial
statements.
Page 15

Mylnhurst ￿rnited
Notes to the Financial 5tatements- continued
for the Year Ended 31 August 2021
ACCOUhmNG POUCIES- contlnued
Hire purchase and leaslng cornmitment5
Rentals paid under operating leases are charged to the Statement of Financial Artivities on a straight
line basis over the period of the lease.
Pension costs and other POSt-retl￿fflent benefits
The charitable company operate5 a defined contribution pension Scheme. Contributions payable to
the charitable company's pension scheme are charged to the Ststement of Financial Activities in the
period to which they relate.
DONATIONS AND LEGACIES
31.8.21
31.8.20
Donations
ICN)
3IXs
IIWEsfMENT INCOME
31.8.21
31.8.20
Interest receivable- tradlng
io
INCOME FROM CHARITABLE ACTIVITIES
31.8.21
31.8.20
Activity
Uniform sales
School income
Sch()ol income
School income
School income
Grant Income
General income
Mother & Toddler
Uniform sales
School & nursery fees
Music fee5
Hire of facilities
Clubs & activltles
Grants
General income
Mother & toddler
33,204
1,285,827
19.544
22.510
21,652
113,822
7,564
26.261
1.368.811
20.053
29,634
22,028
220,035
3.370
402
1,504,123
1,690,594
Grants rec2ived, included in the above, are as follows..
31.8.21
31.8.20
Nursery FEL grants
CJRS grants
SEND grants
77,813
8,237
27,772
71,541
148,494
113,822
220,035
Page 16

Mylnhurst Limited
Notes to the Financial Statements- continued
for the Year Ended 31 August 2021
RAISING FUNDS
Other trdding activltles
31.8.21
31.8.20
Opening stock
Purchases
C105in8 Stock
Bad debts
32.681
17.706
126,4471
16701
40,040
14.211
132.6811
2,904
23.270
24,474
CHARITABLE AcnviTIES COSTS
Support
costs (see
note 71
Direct
Costs
Totals
School expefises
1,411,075
64,732
1,47S.807
SUPPORT Costs
Governance
costs
Finance
Totals
School expenses
7.839
56,893
64,732
NEf INCOMEI{EXPENDITURE)
Net incomellexpenditurel is stated after char8ingllcrediting):
31.8.21
31.8.20
Auditor5, remuneratitsn
Depreciation- owned assets
Other operatin8 leases
Surplus on disposal of fixed a55et5
6,445
56,867
10,000
12,0001
70.561
Page 17

Mylnhur5t LSmited
Note5 to the Financial Statements - continued
for the Year Ended 31 August 2021
TRUSTEES, REMUNERAnoN AND BENEFITS- PRIOR YEAR ADJUSTMENT
The accounts for the year ended 31 August 2020 included the following note-
"Martina Bradshaw, a trustee, received remuneration of £9.695 during the year12019 - nll). None
of the other trustees received any remuneratlDn. There were no trustees, expenses paid for the
year endeLI 31 August 2020 nor for the year ended 31 August 2019..
The disclosure which should have been made in the accounts for the year ended 31 August 2020 i&
'Three trustees have been paid remuneration frtsm an employment with Mylnhurst Ltd..
Martina Bradshaw (Finance D1￿CtOr). £9,695 plus pension contribution5 of £248 {2019-
£7.920 plu5 pension contributions of £1601.
Anne Raftery (Health & Safety Direttorl: £5,CM)J12019- nil)
Catherine Thomp50n IL2gal Officer): £11.372 plus pension contribution5 of £3(X) {2019 -
£19,280 plus pensirin contributions of £384).
The other trustee received no ￿muneratIon[2019 - nil). There were no trustees, expenses paid for
the year ended 31 August 2020 nor for the year ended 31 August 2019".
10. TRUSTEES. REMUNERATION AND BENEFITS
Three trustees have been paid remuneration from an employment with Mylnhurst Ltd-
Martina Bradshaw (Finance Direttorl= £4,855 plus pension contributlons of £146 (2020-
£9,695 plus pension contrlbutions of £2481.
-Anne Raftery (Health & Safety Director1= £3.WO12020- £5,O)01.
-catherine Thomp50n (Legal Officer): £9,984 plu5 penslon contributions of £3CKJ12020 -
£11.372 plus pension contribution5 of £300}.
The other trustee received no remuneration or benefits12020- nill. There were no tru5tees'
expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
William Thompson, who 15 a relatEd party in respect of Catherine Thornpson ha5 been paid
retnuneration from an employment with Mylnhurst Ltd, totslling E2,824 {2020 - nill.
Page 18

Mylnhur5t Limited
Notes to the Financial Statements- continued
for the Year Ended 31 August 2021
10. STAFF COSTS
31.8.21
31.8.20
Wagesand salaries
Social ￿CurIty cost5
Other pension costs
865,603
61,040
86,948
928,080
67,604
81,895
1.013,591
1.077,579
The average monthly number ofemployee5during the year wa5 as follows=
School Staff
Managementstaff
31.8.21
51
31.8.20
69
55
73
The number of employees whose employee benefits lexcluding employer pension costs) exceeded
£60,000 was:
£60.￿l- £70.(YJO
31.8.21
31.8.20
11. COMPARATIVES FOR THE STATEMENT OF FINANCIALACtIVlTIES
Unrestricted
fund
INCOME AND ENDOWMENTS FROM
Donations and le8acies
3￿
Charitable activlties
Uniform sales
School income
Grant Income
General income
Mother& Toddler
26.261
1.440,526
220.035
3,370
402
Total
1.690,894
EXPENDITURE ON
Raising funds
24.474
Charitsble artivities
School eKpenses
Covid fee refund
1.530,796
114,093
Page 19

Mylnhurst Limited
Notes to the Financial Statement5 - continued
for the Year Ended 31 August 2021
11. COMPARATIVES FOR TTrIE STATEMENT OF FINANaAL AcfiviTIES- continued
Unrestricted
fund
Total
1.669.363
INCOME
21.531
RECONCIIIATION OF FUNDS
Totsl funds brought forward
1.345,919
TOTAL FUND5 CARRIED FORWARD
1.367,450
IZ. TANGIBLE FIXED ASSETS
Improvements
to
property
Fixtures
and
fittings
Plant and
machinery
COST
At I September 2020
Additions
1,575.694
30,401
493
331,667
At 31 August 2021
1,575,694
30.894
331,667
DEPRECIATION
At I September 2020
Charge for year
366.678
24,180
24,079
1,363
286,221
9,089
At 31 August 2021
390,858
25,442
295,310
NET BOOK VALUE
At 31 August 2021
1.184,835
5,452
36,357
At 31 August 2020
1.209,016
6,322
45.446
Page 20

Mylnhurst Limited
Notes to the Financial Statements- continued
for the Year Ended 31 August 2021
12. TANGIBLE FIXED ASSETS- continued
Motor
vehicles
Computer
equipment
Totals
COST
At I September 2020
Additions
44,847
344,354
752
2.326,963
1,245
At 31 August 2021
44,847
345,106
2.328,208
DEPRECIATION
At I September 2020
Charge for year
44,043
201
279.003
22,034
I.[￿0.024
56.867
At 31 August 2021
44,244
301.037
1.056,891
NEf BOOK VALUE
At 31 August 2021
603
44.069
1,271.317
At 31 August2020
65,351
1.326,939
13. FIXED ASSET INVEsfMENTS
Shares in
group
undertakin85
PMRKET VALUE
At I September 2020 and
31 August 2021
100
NET BOOK VALUE
At 31 August 2021
Ico
At 31 August 2020
There were no investment assets outside the UK.
Page 21

Mylnhurst Limited
Notes to the Financial Statements- continued
for the Year Ended 31 Au8USt 2021
14. sfocK5
31.8.21
31.8.20
Stocks
26,447
32,681
15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21
31.8.20
Trade debtors
Other debtors
Prepayments and accrued income
32,321
74,149
223
36,353
77,939
106.693
114,292
16. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
31.8.21
31.8.20
Bank loans and overdraft5 (see note 181
Trade creditor5
PAYE & NIC
Other creditors
Accruals and deferred income
Accrued expenses
76,523
125,597
26,631
1,679
188,486
7,584
133,866
105,369
39,215
14,474
8.071
14,085
426.500
315,080
17. CREDITORS: AMOUNT5 FALUNG DUE AFfER MORE THAN ONE YEAR
31.8.21
31.8.20
Bank loan$15ee note 181
Other creditors
182.414
46.027
148.754
39,900
228,441
188.654
Page 22

Mylnhur5t Limited
Notes to the Financial 5tatemeftts- continued
for the Year Ended 31 August 2021
18. LOANS
An analysis of the maturity of loans is given below..
31.8.21
31.8.20
Amounts falling due within one year on demand..
Bank overdrafts
Bank loons
5,LKJo
128.866
76,523
76,523
133.866
Amounts falling between one and two years:
Bank loan5- 1-2 year5
182,414
148,754
19. MOVEMENTIN FUNDS
Net
movement
in fund5
At
31.8.21
At 1.9.20
Unrestrlrted fund5
General fund
1.367.450
5,156
1.372.606
TOTAL FUNDS
1.367,450
5,156
1.372.606
Net movement In funds. included in the above a￿ as follow5:
Incoming
reSoUr￿S
Resources
expended
Movement
in funds
Unrertrlrted funds
General fund
1.51J4,233
11.499,0771
5,156
TOTAL FUNDS
1,504,233
{1.499,0771
5,156
Page 23

Mylnhurst Limited
Notes to the Financial Statements- contillued
for the Year Ended 31 August 2021
19. MOVEMENT IN FUNDS- contlnued
Comparatives for movement in lunds
Net
movement
in fund5
At
31.8.20
At 1.9.19
Unrestricted funds
General fund
1,345,919
21,531
1,367.450
TOTAL FUNOS
1.345.919
21.531
1.367.450
Comparative net movement In funds, included in the above are as follow5-
Incoming
resour￿$
Resources
expended
Movement
in fund5
Unrestrfcted funds
General fund
1.690.894
11.669.363)
21.531
TOTAL FUND5
1,690,894
11.669,3631
21,531
A current year 12 months and prior year 12 months CDmbined posltlon is as follow5:
Net
movement
in funds
At
31.8.21
At 1.9.19
Unréstritted funds
General fund
1.345.919
26,687
1.372,606
TOTAL FUNDS
1,345,919
26,687
1.372.606
Pase 24

Mylnhur5t Limited
Notes to the Financial Statements- continued
for the Year Ended 31 August 2021
19. MOVEMENT IN FUNDS- contlnued
A current year 12 months and prior year 12 months combined net movement in funds. included in the
above are as follows-
Incoming
resources
Resource5
expended
Movement
in funds
Unrestricted funds
General fund
3,195,127 13,168,4401
26.687
TOTAL FUNDS
3.195,127
13,168.4401
25,687
211 EMPLOYEE BENEFIT OBLIGATIONS
Mylrshurst Llrnited operates a two private pension schemes for its employees. Mylnhurst Llmited does
not control the Teacher5 Penslon Scheme. The cost to Mylnhurst Limited in the year was £97,965
12020- £81,895)
REIATED PARTY DISCLOSURES
At the year-end Mylnhur5t Limited owed £19,099 to Mylnhurst Sport5, Education & Leisu￿ Ltd.
12020- £49.894 loan indebtedness due from Mylnhurst Sports, Education & Leisure Ltd).
At the year*nd Mylnhurst Llmited owed £10.500 to Mylnhurst Merlins Llmited12020- nill.
Page 24