REGISTERED COMPANY NUMBER: 06540616
REGISTERED CHARITY NUMBER: 1124227
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2020
for
Mylnhurst Sports Education & Leisure
C J Woodhead & Co Ltd
158 Hemper Lane
Greenhill
Sheffield
South Yorkshire
S8 7FE
Mylnhurst Sports Education & Leisure
Contents of the Financial Statements
for the Year Ended 31 August 2020
Page
Report of the Trustees 1to2
Independent Examiner's Report 3to4
Statement of Financial Activities 5
Balance Sheet 6to7
Notes to the Financial Statements 8to15
Detailed Statement of Financial Activities 16to17
Mylnhurst Sports Education & Leisure
Report of the Trustees
for the Year Ended 31 August 2020
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct 2006,
presenttheirreportwiththefinancialstatementsofthecharityfortheyear ended
31August2020.ThetrusteeshaveadoptedtheprovisionsofAccountingandReporting by
Charities:Statementof RecommendedPracticeapplicableto charitiespreparingtheiraccounts in
accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicof Ireland
(FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
TheobjectivesandactivitiesofthecharityaretooperatetheMcAuleyBuildingandits sporting
activities.
-
of the charity are to operate the McAuley the level of reserves that the charity ought to
-
the level of reserves required, excluding fixed its governing document, a deed of trust, and Association, the members of the board shall not less than three members. No person who is not one third of the members of the Council
FINANCIAL REVIEW
Reserves policy
TheTrusteeshaveestablishedthelevelofreservesthatthecharityoughttohave.Reserves are
needed to bridge the funding gaps should there be a rapid shortfall in fees.
Thetrusteesconsiderthatthelevelofreservesrequired,excludingfixedassetstobe £100,000.
The actual level of reserves at 31st August 2020 was £758,089 (2019 - £623,833).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesa limited
company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
AssetoutintheArticlesofAssociation,themembersoftheboardshallnotbesubjectto any
maximum,butshallnotbelessthanthreemembers.Nopersonwhoisnotamemberof the
Company shall in any circumstances be eligible to hold office as a member of the Council.
At the AnnualGeneralMeetingone third of the membersof the Councilor if their numberis not a
multiple of three then the number nearest to one third shall retire from office.
Organisational structure
The Board of Trustees administers the charity. The Board meets monthly.
Induction and training of new trustees
New trusteesare briefedon theirlegalobligationsundercharityand companylaw, the content of
theMemorandumandArticlesofAssociation,theCommitteeanddecisionmakingprocess, the
business plan and recent financial performance of the charity.
Related parties
The Trustees are also Trustees of Mylnhurst Ltd which is therefore a related party.
Page 1
Mylnhurst Sports Education & Leisure
Report of the Trustees
for the Year Ended 31 August 2020
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
06540616 (Not specified/Other)
Registered Charity number
1124227
Registered office
The McAuley Building
Button Hill
Ecclesall
Sheffield
South Yorkshire
S11 9HJ
Trustees
Mrs A C Raftery
Mrs C Thompson
Company Secretary
Mrs A C Raftery
Independent Examiner
C J Woodhead & Co Ltd
158 Hemper Lane
Greenhill
Sheffield
South Yorkshire
S8 7FE
Bankers
The Co-operative Bank
PO Box 250
Skelmersdale
WN8 6WT
Approved by order of the board of trustees on 31 May 2021 and signed on its behalf by:
Mrs C Thompson - Trustee
Page 2
Independent Examiner's Report to the Trustees of
Mylnhurst Sports Education & Leisure
Independent examiner's report to the trustees of Mylnhurst Sports Education & Leisure ('the Company')
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyforthe year
ended 31 August 2020.
Responsibilities and basis of report
As thecharity'strusteesof theCompany(andalsoitsdirectorsforthepurposesof company law)
youareresponsibleforthepreparationoftheaccountsinaccordancewiththerequirements of
the Companies Act 2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeaudited under
Part16ofthe2006Actandareeligibleforindependentexamination,Ireportinrespectof my
examinationofyourcharity'saccountsas carriedoutundersection145oftheCharitiesAct 2011
('the2011Act').IncarryingoutmyexaminationIhavefollowedtheDirectionsgivenby the
Charity Commission under section 145(5) (b) of the 2011 Act.
Page 3
Independent Examiner's Report to the Trustees of
Mylnhurst Sports Education & Leisure
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattention in
connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is 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 charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
-
Practice for accounting and reporting by
-
their accounts in accordance with the Financial no other matters in connection
-
drawn in this report in order to enable a proper
I have no concernsand have come acrossno othermattersin connectionwith the examination to
whichattentionshouldbedrawninthisreportinordertoenablea properunderstandingof the
accounts to be reached.
Christopher John Woodhead FCA
BA (Hons) FCA
C J Woodhead & Co Ltd
158 Hemper Lane
Greenhill
Sheffield
South Yorkshire
S8 7FE
31 May 2021
Page 4
Mylnhurst Sports Education & Leisure
Statement of Financial Activities
for the Year Ended 31 August 2020
DRAFT
31.8.20
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
25,000
Charitable activities
Leisure activities
125,426
Investment income
2
39
Other income
7,067
Total
157,532
EXPENDITURE ON
Raising funds
6,154
Other
129,021
Total
135,175
NET INCOME
22,357
RECONCILIATION OF FUNDS
Total funds brought forward
735,732
TOTAL FUNDS CARRIED FORWARD
758,089 |
31.8.19
Total
funds
£
25,000
224,383
3
- |
|
249,386
12,059
125,428 |
|
137,487 |
|
111,899
623,833 |
|
735,732 |
The notes form part of these financial statements
Page 5
Mylnhurst Sports Education & Leisure
Balance Sheet
31 August 2020
DRAFT
Notes
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Debtors
8
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
9
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than
one year
10
NET ASSETS
FUNDS
12
Unrestricted funds
TOTAL FUNDS |
31.8.20
31.8.19
Unrestricted
Total
fund
funds
£
£
1,643,789
1,647,823
72,013
57,666
38,105
69,248
110,118
126,914
(95,818)
(114,005)
14,300
12,909
1,658,089
1,660,732
(900,000)
(925,000)
758,089
735,732
758,089
735,732
758,089
735,732 |
|
|
Thecharitablecompanyis entitledtoexemptionfromauditunderSection477ofthe Companies
Act 2006 for the year ended 31 August 2020.
The membershave not requiredthe companyto obtainan auditof its financialstatementsfor the
year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.
The notes form part of these financial statements
continued...
Page 6
Mylnhurst Sports Education & Leisure
Balance Sheet - continued 31 August 2020
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its 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 Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicable to
charitable companies subject to the small companies regime.
approved by the Board of Trustees and
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
31 May 2021 and were signed on its behalf by:
C Thompson - Trustee
The notes form part of these financial statements
Page 7
Mylnhurst Sports Education & Leisure
Notes to the Financial Statements
for the Year Ended 31 August 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentity under
FRS102,havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102) 'Accounting
andReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicable in
theUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublic of
Ireland'andtheCompaniesAct2006.Thefinancialstatementshavebeenprepared under
the historical cost convention.
-
in the Statement of Financial Activities it is probable that the income will be
-
as expenditure as soon as there to that expenditure, it is probable that a in settlement and the amount of the obligation
-
is accounted for on an accruals basis and has all cost related to the category. Where costs
-
headings they have been allocated to activities at the following annual rates in order to write - 33% on cost and 15% on cost
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharity has
entitlementtothefunds,itisprobablethattheincomewillbereceivedandthe amount
can be measured reliably.
Expenditure
Liabilitiesare recognisedas expenditureas soon as thereis a legal or constructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferof economic
benefitswillberequiredinsettlementandtheamountoftheobligationcanbe measured
reliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassified under
headingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedto particularheadingsthey have been allocatedto activitieson a basis consistent
with the use of resources.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachasset over
its estimated useful life.
Fixtures and fittings- 33% on cost and 15% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesat the
discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjects of
thecharity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraised for
particular restricted purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotesto the
financial statements.
continued...
Page 8
Mylnhurst Sports Education & Leisure
Notes to the Financial Statements - continued
for the Year Ended 31 August 2020
1. ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
Thecharitablecompanyoperatesadefinedcontributionpensionscheme. Contributions
payabletothecharitablecompany'spensionschemearechargedtotheStatement of
Financial Activities in the period to which they relate.
2. INVESTMENT INCOME
----- Start of picture text -----
31.8.20 31.8.19
£ £
Interest receivable - trading 39 3
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.8.20 31.8.19
£ £
Depreciation - owned assets 4,034 4,751
TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August
nor for the year ended 31 August 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2020 nor for the
ended 31 August 2019.
DRAFT
----- End of picture text -----
3. NET INCOME/(EXPENDITURE)
4.TRUSTEES' REMUNERATION AND BENEFITS
Therewere no trustees'remunerationor otherbenefitsfor theyearended31 August 2020
nor for the year ended 31 August 2019.
Therewerenotrustees'expensespaidfortheyearended31 August2020norforthe year
ended 31 August 2019.
continued...
Page 9
Mylnhurst Sports Education & Leisure
Notes to the Financial Statements - continued
for the Year Ended 31 August 2020
5. STAFF COSTS
|
The average monthly number of employees during the year was as |
follows: |
|
|
|
31.8.20 |
31.8.19 |
|
Administrative (including part time) |
5 |
5 |
|
|
|
|
|
No employees received emoluments in excess of £60,000. |
|
|
6. |
DRAFT
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Leisure activities
Investment income
Total
EXPENDITURE ON
Raising funds
Other
Total |
|
Unrestricted
fund
£
25,000
224,383
3
249,386
12,059
125,428
137,487 |
|
NET INCOME |
|
111,899 |
|
RECONCILIATION OF FUNDS |
|
|
|
Total funds brought forward |
|
623,833 |
|
TOTAL FUNDS CARRIED FORWARD |
|
735,732 |
continued...
Page 10
Mylnhurst Sports Education & Leisure
Notes to the Financial Statements - continued
for the Year Ended 31 August 2020
7. TANGIBLE FIXED ASSETS
DRAFT
Fixtures
Long
and
leasehold
fittings
£
£
COST
At 1 September 2019 and
31 August 2020
1,620,988
99,325
DEPRECIATION
At 1 September 2019
-
72,537
Charge for year
-
4,018
At 31 August 2020
-
76,555
NET BOOK VALUE
At 31 August 2020
1,620,988
22,770
At 31 August 2019
1,620,988
26,788
8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
VAT
Prepayments and accrued income |
Computer
equipment
Totals
£
£
363
1,720,676
316
72,853
16
4,034
332
76,887
31
1,643,789
47
1,647,823
31.8.20
31.8.19
£
£
3,902
7,605
67,134
49,782
698
-
279
279
72,013
57,666 |
Computer
equipment
Totals
£
£
363
1,720,676
316
72,853
16
4,034
332
76,887
31
1,643,789
47
1,647,823
31.8.20
31.8.19
£
£
3,902
7,605
67,134
49,782
698
-
279
279
72,013
57,666 |
Computer
equipment
Totals
£
£
363
1,720,676
316
72,853
16
4,034
332
76,887
31
1,643,789
47
1,647,823
31.8.20
31.8.19
£
£
3,902
7,605
67,134
49,782
698
-
279
279
72,013
57,666 |
|
|
72,853
4,034 |
|
|
|
76,887 |
|
|
|
1,643,789 |
|
|
|
|
|
|
|
1,647,823 |
|
|
|
|
|
|
|
|
31.8.19
£
7,605
49,782
-
279 |
|
|
|
57,666 |
|
|
|
|
|
|
|
|
continued...
Page 11
Mylnhurst Sports Education & Leisure
Notes to the Financial Statements - continued
for the Year Ended 31 August 2020
DRAFT
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.20
£
Other loans (see note 11)
25,000
Trade creditors
12,678
Payroll creditor
177
VAT
-
Other creditors
51,970
Accruals and deferred income
-
Accrued expenses
5,993
95,818
10.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.20
£
Other loans (see note 11)
900,000
11.
LOANS
An analysis of the maturity of loans is given below:
31.8.20
£
Amounts falling due within one year on demand:
Other loans
25,000
Amounts falling due in more than five years:
Repayable by instalments:
Other loans more 5yrs instal
900,000 |
31.8.19
£
25,000
10,003
577
2,148
48,679
15,756
11,842 |
|
114,005 |
|
|
|
31.8.19
£
925,000 |
|
|
|
31.8.19
£
25,000 |
|
|
|
925,000 |
continued...
Page 12
Mylnhurst Sports Education & Leisure
Notes to the Financial Statements - continued
for the Year Ended 31 August 2020
12. MOVEMENT IN FUNDS
DRAFT
At 1.9.19
£
Unrestricted funds
General fund
735,732
TOTAL FUNDS
735,732
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
157,532
TOTAL FUNDS
157,532
Comparatives for movement in funds
At 1.9.18
£
Unrestricted funds
General fund
623,833
TOTAL FUNDS
623,833 |
Net
movement
At
in funds
31.8.20
£
£
22,357
758,089
22,357
758,089
Resources
Movement
expended
in funds
£
£
(135,175)
22,357
(135,175)
22,357
Net
movement
At
in funds
31.8.19
£
£
111,899
735,732
111,899
735,732 |
|
|
continued...
Page 13
Mylnhurst Sports Education & Leisure
Notes to the Financial Statements - continued
for the Year Ended 31 August 2020
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
|
|
Incoming |
Resources |
Movement |
Movement |
|
|
resources |
expended |
|
in funds |
|
|
£ |
£ |
|
£ |
Unrestricted funds |
|
|
|
|
|
General fund |
|
249,386 |
(137,487) |
|
111,899 |
DRAFT
TOTAL FUNDS
249,386
(137,487)
111,899
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At
At 1.9.18
in funds
31.8.20
£
£
£
Unrestricted funds
General fund
623,833
134,256
758,089
TOTAL FUNDS
623,833
134,256
758,089
A current year 12 months and prior year 12 months combined net movement in funds,
included in the above are as follows:
Incoming
Resources
Movement
resources
expended
in funds |
|
|
|
|
|
|
|
£ |
£ |
|
£ |
Unrestricted funds |
|
|
|
|
|
General fund |
|
406,918 |
(272,662) |
|
134,256 |
TOTAL FUNDS |
|
406,918 |
(272,662) |
|
134,256 |
continued...
Page 14
Mylnhurst Sports Education & Leisure
Notes to the Financial Statements - continued
for the Year Ended 31 August 2020
13. RELATED PARTY DISCLOSURES
MylnhurstSports,Education&Leisurehasanintercompanyloanindebtedness to
Mylnhurst Ltd which amounted to £49,893 at 31st August 2020 (2019 - £48,679).
The Company was owed £8,116 from Mylnhurst Merlins (2019 - £8,514).
Page 15
Mylnhurst Sports Education & Leisure
DRAFT
Detailed Statement of Financial Activities
for the Year Ended 31 August 2020
INCOME AND ENDOWMENTS
Donations and legacies
Gifts
Investment income
Interest receivable - trading
Charitable activities
Fees
Cafe sales
Other income
Furlough monies received
Total incoming resources
EXPENDITURE
Other trading activities
Purchases
Pool expenses
Support costs
Management
Wages
Social security
Pensions
Rates and water
Insurance
Light and heat
Carried forward |
31.8.20
£
25,000
39
124,259
1,167
125,426
7,067
157,532
2,655
3,499
6,154
21,120
357
-
7,621
6,683
20,574
56,355 |
31.8.19
£
25,000
3
214,034
10,349 |
|
|
224,383
- |
|
|
249,386
3,611
8,448 |
|
|
12,059
18,292
-
76
16,748
4,416
18,549
58,081 |
This page does not form part of the statutory financial statements
Page 16
Mylnhurst Sports Education & Leisure
DRAFT
Detailed Statement of Financial Activities
for the Year Ended 31 August 2020
Management
Brought forward
Repairs
Sundries
Service charge
Printing, postage & stationery
Telephone
Cleaning
Advertising
Governance costs
Accountancy fees
Payroll costs
Fixtures and fittings
Computer equipment
Total resources expended
Net income |
31.8.20
£
56,355
26,317
480
28,430
578
298
10,220
625
123,303
1,513
171
4,018
16
5,718
135,175
22,357 |
31.8.19
£
58,081
5,241
-
48,970
123
349
6,229
- |
|
|
118,993
1,513
171
4,727
24 |
|
|
6,435 |
|
|
137,487 |
|
|
111,899 |
|
|
|
|
|
|
This page does not form part of the statutory financial statements
Page 17