2022-08-31-accounts - Mylnhurst Limited

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		Page
Trustees' report
Independent auditors' report
Statement of Financial Activities
Consolidated Statement of Financial	Activities	12
Charitable Company and consolidated	balance sheets
Consolidated cash flow statement		14
Notes to the financial statements

Reference and Administration Details	Reference and Administration Details	Reference and Administration Details	Reference and Administration Details
Official name ofcharity:				Mylnhurst Limited
Charity registration		number:		1056663
Company	registration		number:	03146901
Directors	and Trustees:			T D Hall			Appointed	10February 2022
				A Husain-Naviatti 0 Firth AJ Rawlings			Appointed Appointed Appointed	10February 2022 17May 2022 17May 2022
				A LBarker			Appointed	1 February 2023
				A C Raftery			Resigned	10February 2022
				CJ Thompson J M Saunders J Grundy			Resigned Resigned Resigned	10February 2022 14February 2022 17May 2022
Secretary	and Registered ONce:			T D Hall
				Mylnhurst Preparatory			School and Nursery
				Button Hill
				Sheffield
				South Yorkshire
				S119HJ
Bankers:				Co-operative	Bank	PLC
				PO Box101
				1 Balloon Street
				Manchester
				M60 4EP
Auditors:				Hawsons Chartered		Accountants
				Statutory Auditors
				Pegasus House
				463a Glossop	Road
				Sheffield
				S102QD
Solicitors:				Knights PLC
				Commercial House
				Sheffield
				S1 2AT
				Forbes Solicitors
				Ground Floor
				Buckingham House
				Glover's Court
				Preston
				Lancashire
				PR1 3LA

ylnhurst Llmited Indepèndent Auditors, Report to the Members of Mylnhurst Limited (continued) A further description of our responsibilities is available on the Financial Reporting Council's website al.. wwW.frc.org.u8udltor$}audll-aSsurance/8uditor-S-resp0Sib11rtieS-fOr-the-audit-0f-1he-fildeS¢ripII0n-of-the- audilorfs-responsibililies-for. This deIptiOn fom)s part of our auditor's report. Use of our report This report is made 501ely lo the charitable cornpany'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 slate lo them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility lo anyone other than the charitable company and the charitable company's members as a body. for our audit work, for this report. or for the opinions we have formed. Jor4> Simon Bladen, Senior Statutory Audilor For and on behalf of Hawsons Chartered Accountants, Statutory Auditors Pegasus House 463a Glossop Road Sheffield S10 2QD Date.. 2023 10

		Unrestricted	Restricted	2022	2021
	Notes	Funds	Funds	Total	Total
			F	6	6
Incoming resources
Donations and legacies	2	198,313		198,313	113,922
Charitable activities	3	1,632,558		1,632,558	1,390,301
Investments		8		8	10
Total incoming resources		1,830,879		1,830,879	1,504,233
Resources expended
Raising funds	4	44,023		44,023	23,270
Charitable activities	5	1,823,616		1,823,616	1,475,807
Total resources expended		1,867,639		1,867,639	1,499,077
Net (outgoing)l incoming
resources before transfers		(36,760)		(36,760)	5,156
Transfers between funds
Net movement in funds		(36,760)		(36,760)	5,156
Funds brought forward		1,372,606		1,372,606	1,367,450
Funds carried forward		1,335,846		1,335,846	1,372,606

		Unrestricted	Restricted	2022	2021
	Notes	Fundsf	Funds	Total	Total f'
Incoming resources
Grants, donations and legacies		198,313		198,313	162,165
Charitable activities		2,147,305		2,147,305	1,672,063
Investments		8		8	45
Total incoming resources		2,345,626		2,345,626	1,855,543
Resources expended
Raising funds		329,509		329,509	226,233
Charitable activities		1,993,326		1,993,326	1,647,735
Total resources expended		2,322,835		2,322,835	1,895,238
Net incoming I(outgoing)
resources before transfers		22,791		22,791	(39,695)
Exceptional items		498,493		498,493
Taxation		(150)		(150)	(5,734)
Net movement in funds		521,134		521,134	(45,429)
Funds brought forward		1,452,186		1,452,186	1,497,615
Funds carried forward		1,973,320		1,973,320	1,452,186

1August 2022
				31August		31	August
			Notes	2022			2021
				Groupf	Companyf	Groupf		Companyf
Fixed assets
Tangible assets			9	2,178,384	1,297,290	2,209,376		1,271,317
Investments			10		100			100
				2,178,384	1,297,390	2,209,376		1,271,417
Current assets
Stock			11	34,178	34,178	26,447		26,447
Debtors			12	58,686	46,221	93,665		106,693
Cash at bank and in		hand		649,746	546,699	794,398		622,990
				742,610	627,098	914,510		756,130
Creditors —amounts due within one year		falling	13	(461,178)	(527,146)	(543,259)		(426,500)
Net current assets				281,432	99,952	371,251		329,630
Total assets less liabilities	current			2,459,816	1,397,342	2,580,627		1,601,047
Creditors —amounts due after one year		falling	14	(486,496)	(61,496)	(1,128,441)		(228,441)
Net assets				1,973,320	1,335,846	1,452,186		1,372,606
Charity funds
Restricted funds
Unrestricted funds			19	1,973,320	1,335,846	1,452,186		1,372,606
Total charity funds				1,973,320	1,335,846	1,452,186		1,372,606

			Notes	2022	2021
				6	F
Cash flow	from operating activities		20	192,114	210,048
Cash flow	from investing activities
Interest received
Payments	lo acquire tangible	fixed assets		(86,873)	(1,245)
Proceeds from the sale ofassets
Net cash flow from investing		activities		(86,873)	(1,245)
Cash flow	from financing activities
New loans Repayment	taken out ofborrowings			~249,693	100,000 ~2.666
Net cash flow from financing		activities		(249,893)	97,344
Net (decrease)/increase in cash and cash equivalents				(144,652)	306,147
Cash and	cash equivalents	at 1September		794,398	488,251
Cash and	cash equivalents	at 31August		649,746	794,398
Cash and	cash equivalents	consist of:
Cash at bank and in hand				649,746	794,398
Cash and	cash equivalents	at 31August		649,746	794,398

Income	from grants, donations	and legacies
		2022	2022	2021	2021
		Group 5	Company 8	Group 6	Company
Donations		140	140	25,100	100
Nursery	FELgrants	150,379	150,379	77,813	77,813
SEND	grants	47,794	47,794	27.772	27,772
CJRS grants				31,480	8,237
Total		198,313	198,313	162,165	113,022

3.	Income from other trading	Income from other trading	Income from other trading
				2022	2022	2021	2021
				Groupf	Companyf	Groupf	Companyf
	Charitable trading:
	Uniform sales			26,541	26,541	33,204	33,204
	School and nursery		fees	1,494,164	1,494,164	1,285,827	1,285,827
	Music fees			29,754	29,754	19,544	19,544
	Hire offacilities			2,763	24,033	1,240	22,510
	Clubs and activities			46,071	46,071	21,652	21,652
	General income			11,995	11,995	7,564	7,564
	Leisure activities			225,117		106,998
				1,836,405	1,632,558	1,476,029	1,390,301
	Non charitable:
	Income from trading		subsidiary	310,900		196,034
				2,147,305	1,632,558	1,672,063	1,390,301
4.	Expenditure on	raising funds
				2022	2022	2021	2021
				Group	Companyf	Groupf	Companyf
	Charitable expenditure:
	Purchases			25,282	22,486	26,136	23,940
	Bad debts			21,537	21,537	(670)	(670)
	Pool expenses			7,688		4,573
	CJRS Grants repayable					17,237
				54,507	44,023	47,276	23,270
	Non- Charitable	expenditure:
	Trading subsidiary		expenditure	128,730		75,856
	Trading subsidiary		staff costs	146,272		103,101
				329,509	44,023	226,233	23,270

Expenditure on charitable	Expenditure on charitable	activities	activities
Analysis ofexpenditure		by fund type
				2022	2022	2021	2021
				Group	Company	Group	Company
				6		6
Charitable expenditure				1,933,395	1,766,005	1,581,109	1,411,075
Support costs				59,931	57,611	86,628	64,732
				1,993,326	1,823,616	1,647,735	1,475,807
Analysis ofcosts —Charitable			expenditure
				2022	2022	2021	2021
				Group	Company	Group	Company
					8	6	8
Staff costs				1,191,206	1,157,055	1,031,991	1,013,591
Training				1,293	1,293	2,565	2,429
Rates and utilities				84,878	46,404	81,776	44,150
Insurance				32,457	29,296	31,989	25,852
Postage and stationery				7,437	7,286	8,734	8,734
Repair and renewals				65,401	53,605	61,749	28,417
Catering				58,430	58,430	36,572	36,572
Curriculum costs				92,368	92,368	60,652	60,652
Rent				56,786	58,786	35,146	35,146
Clubs, trips and activities				30,296	30,296	17,381	17,381
Telephone				4,775	4,628	4,390	4,207
Motor expenses				2,844	2,791	8,663	8,663
IT maintenance				16,698	16,698	10,847	10,847
Advertising				27,107	22,574	26,000	18,175
Cleaning Bank charges				68,589 3,763	54,518 3,763	36,514 3,795	27,578 3,795
Subscriptions				5,813	5,813	5,216	5,216
Recruitment				31,846	31,846
Sundry expenses				33,568	29,655	4,803	4,803
Depreciation				117,840	60,900	114,326	56,867
Loss/ (profit) on disposal						(2,000)	(2,000)
				1,993,395	1,766,005	1,581,109	1,411,075
Analysis ofcosts —support costs
				2022	2022	2021	2021
				Group	Company	Group	Company
				6	8
Bank loan interest				9,481	7,161	8,083	7,839
Auditor's remuneration				19,200	19,200	8,095	6,445
Legal and professional	fees			19,250	19,250	40,448	40,448
Rent				12,000	12,000	10,000	10,000
				59,931	57,611	66,626	64,732

Exceptional	items
		2022	2022	2021	2021
		Group	Company	Group	Company
		E	E	E	E
Intercompany	balances	(116,093)
Loan write off		425,000
Balance sheet	items	189,586
		498,493

Net (outgoing)l	incoming	resources for the year	resources for the year
			2022	2022	2021	2021
			Group E	Company E	Group F	Companyf
This is stated after charging:
Depreciation			117,865	60,900	114,357	56,867
Other operating	leases		13,000	10,000	13,000	10,000
Loss/ (profit) on	disposal				(2,000)	(2,000)
Fees payable to	the Company's
auditors in respect of:
The audit ofthe accounts	Company's	annual	7,400	7,400	6,445	6,445
The audit ofthe accounts	subsidiaries'	annual	4,500	4,500
Non-audit services			7,300	7,300
Staffcosts and	trustee remuneration
			2022		2021
			Group	Company	Group	Company
			E	E	E
Wages and salaries Social security costs Pension costs			1,142,806 93,214 &oc,aM	987,013 73,475 alsar'	984,867 61,943 88,282	865,603 61,040 86,948
			1,337,478	1,157,055 1,135,092		1,013,591

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	The trustees ofMylnhurst	The trustees ofMylnhurst	Limited are	Limited are	also the trustees	also the trustees	also the trustees	ofMylnhurst Sports	Education &Leisure. Therefore, they	Education &Leisure. Therefore, they	Education &Leisure. Therefore, they
	are in a position to govern			the financial		and operating		policies of Mylnhurst	Sports Education	&Leisure	in order
	to obtain benefits from its		activities.
	Subsidiary
	Name					Company		Registered	Class of		Holding
						number		office	share
	Mylnhurst	Sports Education				06540616		The McAuley	N/A		N/A
	&Leisure							Building,
								Button Hill,
								Sheffield,
								South Yorkshire
								S119HJ
	Mylnhurst	Merlins Limited				09193027		The McAuley	Ordinary		100%
								Building,
								Button Hill,
								Sheffield,
								South Yorkshire
								S119HJ
	The financial results ofthe			subsidiary	for the year		were:
									Profit for
						Income 8		Expenditure 2	the year	Net	assets 8
	Mylnhurst Leisure	Sports Education		&		225,117		(201,464)	522,146	556,839
	Mylnhurst	Merlins Limited				310,900		(275,002)	35,748		80,735
11.	Stocks
						Group		Company	Group	Company
						2022 k		2022	2021f		2021 L'
	Stocks					34,178		34,178	26,447		26,447

12.	Debtors
				Group	Company	Group	Company
				2022	2022	2021	2021
							5
	Trade debtors			51,676	39,211	35,746	32,321
	Other debtors					57,576	74,149
	Prepayments	and accrued income		7,010	7,010	343	223
				58,686	46,221	93,665	106,693
13.	Creditors: Amounts		falling due within one year
				Group	Company	Group	Company
				2022	2022	2021	2021
				8	6		5
	Bank loans			174,475	149,475	176,523	76,523
	Trade creditors			41,812	34,147	29,448	22,587
	PAYE and social security			28,544	17,928	58,200	26,631
	Other creditors			26,626	23,221	74,025	1,679
	Accruals and deferred		income	189,721	184,284	205,063	196,070
	Intercompany	balances			118,091		103,010
				461,178	527,146	543,259	426,500
14.	Creditors: Amounts		falling due in more than one year
				Group	Company	Group	Company
				2022	2022	2021	2021
							5
	Bankloans			455,596	30,596	1,128,441	228,441
	Other Creditors			30,900	30,900
				486,496	61,496	1,128,441	228,441

The	ageing	ofthe bank loans is as foll	ows:
			Group	Company	Group	Company
			2022	2022	2021	2021
				6	F	F
Due	in one year		'l74,475	149,475	176,523	76,523
Due	between	two and five years	85,649	10,649	278,711	203,711
Due	in more	than five years	369,947	19,947	849,730	24,730
			630,071	180,071	1,304,964	304,964

			Group	Company	Group	Company
			2022	2022	2021	2021
						F
Deferred	income	at 1 September	188,486	188,486	8,071	8,071
Amounts	deferred	in the year	133,420	133,420	188,486	188,486
Amount	released	in the year	(188,486)	(188,486)	(8,071)	(8,071)
Balance	at 31 August		133,420	133,420	188,486	188,486

		Group	Company	Group	Company
As at 31 August the annual		2022	2022f	2021	2021 F
commitments	under non-cancellable
operating leases were as follows:-
Due within 1	year	12,248	9,248	12,000	9,000
Due within 1	to 5years	48,000	36,000	48,000	35,000
Due in more	than 5years	123,000	90,000	135,000	99,000
		183,248	135,248	195,000	144,000

Unrestricted fund	Unrestricted fund	s
Group - 2022			Balance at	Incoming	Resources	Exceptional	Balance at
			31 August	resources	expensed		31 August
			2021				2022
Total unrestricted		funds	1,452,186	2,345,626	(2,322,985)	498,493	1,973,320
Group - 2021			Balance at	Incoming	Resources	Transfer	Balance at
			31 August	resources	expensed		31 August
			2020				2021f
Total unrestricted		funds	1,497,615	1,855,543	(1,900,972)		1,452,186
Company	- 2022		Balance at	Incoming	Resources	Transfer	Balance at
			31 August	resources	expensed		31 August
			2021				2022
			5				8
Total unrestricted		funds	1,372,606	1,830,879	(1,867,639)		1,335,846
Company	-2021		Balance at	Incoming	Resources	Transfer	Balance at
			31 August	resources	expensed		31 August
			2020f				2021 F
Total unrestricted		funds	1,367,450	1,504,233	(1,499,077)		1,372,606

Analysis ofnet assets between funds
Group - 2022	Unrestricted fundsf	Restricted funds F	Total funds
Tangible fixed assets	2,178,384		2,178,384
Current assets	742,610		742,610
Creditors due within one year	(461,178)		(461,178)
Creditors due in more than one year	(486,496)		(486,496)
	1,973,320		1,973,320
Group - 2021	Unrestricted funds	Restricted fundsf	Total funds
Tangible fixed assets	2,209,376		2,209,376
Current assets	914,510		914,510
Creditors due within one year	(543,259)		(543,259)
Creditors due in more than one year	(1,128,441)		(1,128,441)
	1,452,186		1,452,186

Company - 2022	Unrestricted funds	Restricted funds	Total funds
	6
Tangible fixed assets	1,297,290		1,297,290
Investments	100		100
Current assets	627,098		627,098
Creditors due within one year	(527,146)		(527,146)
Creditors due in more than one year	(61,496)		(61,496)
	1,335,846		1,335,846
Company —2021	Unrestricted funds	Restricted funds	Total funds
	f.
Tangible fixed assets	1,271,317		1,271,317
Investments	100		100
Current assets	756,130		756,130
Creditors due within one year	(426,500)		(426,500)
Creditors due in more than one year	(226,441)		(228,441)
	1,372,606		1,372,606

						2022	2021
						Group	Group
						6	L'
Net incoming/(outgoing)		resources				521,134	(45,429)
Net incoming resources		from operations				521,134	(45,429)
Depreciation						117,865	114,357
Loan write off						(425,000)
(Increase) in stock						(7,731)	6,234
(Increase)/decrease	in	debtors				34,979	36,330
Increase/(Decrease)	in	creditors				(49,133)	98,556
Net cash inflow from	operating		activities			192,114	210,048
Analysis ofnet debt
				1 September		Non-cash	31August
				2021 6	Cash flowf	Movements	2022 6
Cash at the bank and	in hand			794,398	(144,652)		849,746
Debts falling due within		one year		(176,523)	249,893	(247,845)	(174,475)
Debts falling due after one year				(1,128,441)		672,845	(455,596)
				(510,566)	105,241	425,000	19,675