REGISTERED COMPANY NUMBER: 06540616 REGISTERED CHARif< NUMBER: 1124227 Report of the Trustees and UnaLiaited Financial Statem¥ts ftjr the Year End 31 August 2021 Mylnhurst Sports Educ*ion & Leisure C J Woodhead & Co Ltd 158 Hernper Lane Greenhlll Sheffield SoLrth Yorkshire S8 7FE
Mylnhurst Sports Educatlon & Leisure Contents of the Financial Stat6rnnts for thè Year End&J 31 August 2021 Page Reference and Adrnini8trat1 Details R8POrt af the Trustag8 2 to 3 Indepgndent Examimrfs Rèport Stathent of Flnancial Actlvitieo Balanc8 SIet Notes to ts Finandal Statemants 8-t0 16 Detsllad Ststement of Financial Actbvlties 17 to 18
MylnhuTS1 Sports Education & Leisu Reference and Administrative Details for the Year Ended 31 August 2021 TRUSTEES Mrs A C Raftery (resigned 10.2.22) Mrs C Thompson (reslgned 10.2.22) Mrs M M Bradshaw (resigned 22.6.21) A HusaiTrNavlatti (appointed 10.2.22) Mr8 J Grundy (appointed 10.2.22) T D Hall (appointed 10.2.22) J M Saunders (resigned 14.2.22) COMPANY SECRETARY T D Hall (appointed 10.2.22) Mrs A C Raft8ry (resigned 10.2.22) REGISTERED OFFICE The MeAuley Bu51ding Button Hill Ecclesall Sheffield South Yorkshire $119HJ REGISTERED COMPANY NUMBER 06540616 REGISTERED CHARITY NUMBER 1124227 INDEPENDENT EXAMINER C J Woc¥Jhead & Co Ltd 158 HFAnper Lane Greenhill She1Yld South Yorkshire S8 7FE SOLICITORS Forb&s Solicitors Ground Floor Buckingh4m House GloveVs Court Preston Lanca$hl PRI 3LS Page I
Mylnhurst Sports Educatlon & Leisurè RepNt of the Trustees for the Year Ended 31 August 2021 The Trustees. who are also directors of the charlty ft)r th8 purposes of the Companlès Act 2006, prewit their report wtth the financial &tatements of the charty for the year ended 31 August 2021. The Trustees have adopted the provlsions of Accounts'ng 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 (FRS 102) (effective 1 January 2019). ectives an tivities The objectives of the chaiity are to promote for the benefit of the wblic. the advancement of education of the pupils of Mylnhurst Catholic Preparatory School and Nursery, SheffEld by providing and assisting in the provision of facilities which will enable them to play sports induding (but not limited tol swimming, water polo, football, netbg11, basketball, badminton, gymnastlcs and dance and. in so far as the faciliti8s are not required 'for the pupils of the school. they shall be made available for the advan*ment of 8ducation and the provision of facilities for heatthy recreatlon for the public with particular regard for the needs of the young. aged, infimi and disabled in the City of Sheffield. TRATEGIC REPO 8ack round The accounts reftect the period from 1 Septembw 202010 31 August 2021. During this period. tha country Wgs readjusting to lrfe after the initial Covid lockdown. Leisure centres acxoss the country remained closed until December 2020. then rtropened briefiy before baing closed again during the national lockdown which started In January 2021. Govemment restrictions eased in March 2021. allowing the re-openin9 of the Leisure ctre with increased deaning and sa¢ial dlstancing requlrements. Achie orma The Loisuré Centre was 8ffe¢tiV8ly closed for 6 months of the yesr, during which time the dianging rooms were refurbtshed. Despite the many diffi¢ulties prewted by the Govid pandemic, Mylnhurst Sports Education and Leisure has continued to provide excellènt facilities for the pupils of Mylnhurst Preparatory School and Nursery and for the wider commwity. Re18tionships with hirers wore maIntned throughout the ¢105ures and Ihe lettings hav8 gradually resumed as sports ¢lub5 and providors have resumed their activities. Publlc beneflt The Trusteeg have regard lo the Charfty Commission's guidance on public benefit. The Truste88 have allowed the school premises to be used, ffae of chargè, by Sheffield's fostering se1 on t•VO occasions to provide a safè and private environment for looked after children to enjoy a party. Flnancial revlew The main source of income for Mylnhutst Sports Education and Leisure arises from fees reiVed for the leth'ng ofthe Leisure Cenlre. Page 2
Mylnhurst Sports Educallon & Leisure Report of the Trustee3 for the Year Ended 31 August 2021 Regerves pollcy The Trustees have estimatèd the level of reseNes needed to Ldge the fuNllng gaps should there be rapid shortfall in bookings. The Trustees consider that the level of reserves required to be £100,000. The actual level of reserves at 31 August 2021 was £737,121 (2020 - £758.089). Struc ver a dmana ement Mylnhurst Sports Education and Leisure is a company limited by guarantse, govemed by its Memorandum and Articles of As$octation dated 19 March 2008. It is registsred as a charity with tha Chaiity Commission. For the year to 31 August 2021 the Trustees managed the charity and th8 work of the Lelsure Centre's Operations Manager. sIn October 2021, the TTUSt885 have delegated the day-to-day rnanagemant of the charity to th8 Headteacher {Mrs Hannah Cunningham) and the Busines$ Manag8r (Mrs Fiona Wllcock). Recrullment and appointment of new Trustees In accordance wth the Artlcles, the number of Directors shart be not less than two. When a vacancy has arisen for a new TrU&é. an aertIsement is p)liShed on the school's websile, with th& ISBA and with the TES. Applications are received and inteNows conducted wth the present Bod members. The Board recognised Ihat the number of Trustees was small, and that TrLBtses had been involved wtth the group of companies for a relatively long time. A recruitment drive was undertaken In Autumn 2021 with additional Trustees appointed to the Board In Spring 2022. At this polnt the prewous mèmbers of the Board stepped down. Organlsatlonal itructure The Board of Trusts administers the charity. Throughout the period covered by the accounts, the Board rnet half temly, with the Headtoacher in attendance. During the period af the third national lockdown (January 2021 to March 2021) the Board met weekly. Racrultsnent. inductlon and tralnlng of new Trustaos Newly recruited trustees are provided with an induction programme. overseen by the Head of Compliance and OSL. Thi5 includes familiari5alion 1th Mylnhurst policles and procedures and safeguarding training. Trustees have a¢sS to further training as requlred. Approved by order of the board of trustees an 17 May 2022 arKI signed on ils behalf by.. A HusaiTrNaviattt- Trustee Page 3
Independent Exarninerfs Report to the Ttustees of Mylnhurst Spjrts Educab'on & Leisu Independent examSnerf5 report to th• tThstees ot Mylnhurst Sports Educatlon & Lelsure I'thè Company) I report to th8 charity trustees on my examination of the accounts of tho Company for th8 year ended 31 August 2021. Responslbllltles and basls of report As the charlty's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirement5 of thè Companies Act 2006 {Ihe 2006 Acr). Having Satisfied myself that the accounts of the Company are nol required to be audited under Part 16 of the 2008 Act and are eligible for indeFendent examination, I report In respect of my examination of your charity's accounts as carried out under section 145 of the Charilies Act 2011 (Ihe 2011 ACV). In carying out my examination I have followed the Oirectlons given by the Charity Commlssion under section 145(5} (b) of the 2011 Act. Ind•pendent examinovs Statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination givlng 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 wlth ttrb)90 rocords; or Ihe accounts do not cOmY with the a¢countlng requirements of saction 396 of the 2006 Act other than any raquiremerst that the accounts gbve a true fair vi8w 1¢h is not a matter considered as part of an independent examlnation,. or the accounts have not been prepared in accordance with the mathods and winciples of the Statement of Recommend8d Practice for accounting and reporting by charities {applicabl8 to charities preparing their accounts in accordance with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no ConM8 and have across no other matters in connection with the examination to which attention should be drawn in this rep)rt in order to enabla a woper understsndlng of 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 Date:..... Page 4
Mylnhurst Sports Education & Lolsure Slatement of Finanal Activities lor the Year End 31 August 2021 31.8.21 Unrestricted fur 31,8.20 Totsl funds Notes INCOME AND ENDOWMENTS FROM Donats'on$ and legades 25,IXK) 25,000 Charltable actfvltles Leisure artNities 106.998 125,426 Investment in¢ome Other income 39 7,067 10.170 Total 142,203 157,532 EXPENDITURE 014 Raising funds 24,006 6,154 Other 139 165 129,021 Total 183.171 135,175 NEf INCOMEI{EXPENDITURE) {20,968} 22.357 RECONCILIATION OF FUNDS Totsl funds ught forward 758.089 735,732 TOTAL FUNDS CARRIED FORWARO 737 121 758,089 Page 5
Mylnhurst Sports Education & Leisure Balanc8 Shaat 31 AuSt 2021 31.8.21 Unrestricted fund 31.8.20 Total funds Notes FIXED ASSETS Tanble assets 1,640,363 1,643,789 CURRENT ASSETS Debtors Cash at bank and in hand Tf,783 72,013 38,105 140,031 110,118 CREDITORS Amounts falling du8 within one year 10 {143.273) (95.818) NET CURRENT ASSErs 3.242 TOTAL ASSETS LESS CURRENT LIABILITIES 1,637,121 1.658,069 CREDITORS Amounts falling due after more than one 11 {900,000) (900.000) NET ASSETS 737.121 FUNDS Unrestricted furMIs 13 737,121 758.089 TOTAL FUNDS 737,121 758,Q89 The charitable company is entided to exemption from audit under Section 477 of the Companies Act 2006 for the y8ar ended 31 AuSt 2021. The members have rt required the company to obtain an audit of its financi81 statements for the year ended 31 August 2021 in accordanc8 With Section 476 of the Companies Act 2006. Page 6
Mylnhur3t Sports Educats'on & Leisure Balance Sheet- continued 31 August 2021 The trustees acknowledge thdr resp)nsitxliti85 for (a) ensuring that the charitabl8 company ke8ps accounting records that comply with Secthons 386 and 387 of the Companies Act 2006 and {b} prepafing financial statements which give a true and fair viaw of the state of affairs of the chaTitable company as at the end of each financial year and of its surplus or deficit for each finanryal year in accordence with the requir8menl$ of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 rdatiTrJ to financial statements. 80 far a5 apF4icable to the tharitabie company. These fr'nanci81 statements have i)een pr8pared in accordance with tha provisions applicable to charitable comp8ni8s subject to the small companles regima. The financial statements were approved by the Board of TNste8s arKI authoTise(I for issue on 17 May 2022 and were signed on its behalf by: IL A Husain-Naviatti- Trustee Page 7
Mylnhurst Sports Education & Lelsure Notes to the Finanaal Statements for Ihg Y8ar Ended 31 August 2021 ACCOUNTING POLICIES 8asis of praparlng the financial stslem&nts The financial statements of the ra)aritable company, which is a public tr£nefit Èntity under FRS 102, have been prepared in accordanGe with the Charities SORP {FRS 102) 'Acwunting and Reporting by Charities.. Statement of Recommended PT8Ctice applicable to charities preparing their accounts in accordance with the Financial Reporting StarKlard applicable in the UK and Rèpublic of Irdand {FRS 102) {effective 1 January 2019),, Financial Reportiw Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared urKler the historical cost convent(on. Inwme Ail incom8 is reco9nised in the Statemgnt of Finanoal Activities once the charty has entitlement to the funds. it is probable that the irtoma will bè re¢aNed and the amount can b& measured reliably. Expendlturo Llabilities are recognised as 8xpeThditure as soon as there is a legal or constrtKtlve obligation committing the clkgrity to that expenditure, it is probable that a transfer of econoffllc beneffts will be required in settlement and tho amount of the obligation can be measured reliay. Expenditur8 is accounted for on an acoruals basis and ha5 been ¢lassffied under headings that aggregate all cost related to the Category. Where costs cannot be direGtly attributed to particular headings they have been allocated to acaivities on a tss consistent with the use of resowce5. Tanglble fixed assets Depreciation is provided at th8 following annual rate8 in ordor to write off each asset ovar its estimated useful life. Fixtures and ffftin95 33% on cost and 15% on cost Taxallon The charity is exempt from corporation tax on its ¢haiitable acti¥itie8. Fund accounting Unrestn'cted fund5 can be used In a¢cordance with the charitable objectives at the discretion of the trustees. Restricted funds can ¢)nly be used for particular restricted purposes within the objects of the charity. R6StrfGtions arise when specified by the donor or when funds are raised for particular restrided purposes. Further explanation of the nature and purpose of each fund is included in the notes to the finanaal ststements, Pa8e 8
Mylnhurst Sports EducatK)n & Leisure Notes to the Financial Statements- contlnued for the Year Ended 31 August 2021 INVESTMENT INCOME 31.8.21 31.8.20 Interest receivable- trading 35 OTHER114COME 31.8.21 31.8.20 CJRS grants received 10.170 7.067 NET INCOMEI(EXPENDftURE) Net incomfl{experKllture) Is stated after chargirW(crediting)'. 31.8.21 31.8.20 Depreciation - owned assets 3.426 4.034 TRUSTEES. REMUNERATION AND BENEFITS - PRIOR YEAR ADJU8TMENT The accounts for the year ended 31 August 2020 included the following note.. 'Thero were no trustee remuneration or benefits for the year ended 31 August 2020 nor for the year ended 31 August 2019. There were no trustees. exponses paid kn the year ended 31 August 2020 nor for the year ended 31 August 2019." The dlsclosure which should have been mad• in the accounts for th8 year erKJed 31 August 20201s'. 'Thre6 tfU8tee3 have bean paid remuneration from an employment with MnhurSt Sports Education and Leisur6'. - Martina Bradshaw (Finance t*rector): £8,960. -Anne Raftery (Health & Safety Director).. £3,199.96 - Catherine Thompson (Legal Offiw).. £8,960 The other trustee recelved no remuneration or (Rnefrt5 (2019- nill. There were no trustees. expenses paid for the year ended 31 August 2020 nor for the year ended 31 August 2019," Page 9
Mylnhurst Sports EdUcaOn & Lalsura Notes to the Financial Statements - continued for the Year End 31 August 2021 TRUSTEES. REMUNERATION AND BENEFITS Three trustees have bn paid remL+neration from an employment with Mylnhurst Sports Education and Lèisure.. -Martina Bradshaw (Finance Director): £6,800 (2020_ £8,980) -Anne Raftery (Health & Safety Dir8Ctor).' £1,999.92 (2020- £3.199.98) - Catherine Thompson (Legal Officer).. £9,600 (2020- £8,960} The otr trustee received no rnunrab.on {2020- nil). There were no trustees. expenses paid for the yr ended 31 August 2021 nor for the year ended 31 August 2020. There have bean no related party transactions for the year ended 31 August 2021, nor forth& year ended 31 August 2020. Trusts•s' wense8 There wwe no trustses, expen paid for the year ènded 31 August 2021 for tho year entsj 31 August 2020. STAFF COSTS The average monthly number of employees during the year was as ft)Ilows'. 31.8.21 Administrative (Induding part timo) 31.8.20 No emF4oyees r8C8N8d emoluments in èx¢ess of £60,thXI. Page 10
Mylnhurst Sports Education & Leisure Notes to the Financial Statements - contlnued for the Year Ended 31 August 2021 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES Unrestricted ftlnd INCOME AND ENDOWMENTS FROM Donations and legacies 25,000 Charltsble atIeS Leisure activ18$ 125,426 Investwent income other Income 39 7,067 Total 157,532 EXPENDtTURE ON Raising funds 6,154 129021 Total 135,175 NET INCOME 22,357 RECONCILIATION OF FUNDS Total lunds brought fop4W4rd 735,732 TOTAL FVNOS CARRIED FORWARD 758,089 Page 11
Mylnhurst Sports Education & Leisur Notes to the Financial Statements- continued for the Yèar Ended 31 August 2021 TANGIBLE FIXED ASSETS Fixtures and fitknngs Long leasehold Computer equipmènt Totals COST At 1 September 2020 and 31 August 2021 1620,988 99,325 363 1.720,676 DEPRECIATION At 1 September 21r20 Charge for year 76,555 3,416 332 10 76,887 At 31 August 2021 79,971 342 80,313 NET BOOK VALUE At 31 August 2021 1,620,988 21 At 31 August 2020 22,770 31 1.643 789 10. DE8TORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.21 31.8.20 Trade debtors Other dabtvrs VAT Prepaymts and accrued Incijme 3.425 74,238 3,902 67,134 698 279 120 77.783 72,013 Page 12
Mylnhurst Sports Education & Leisure Notes to the Financlal Statemerrts- continued for the Year Ended 31 August 2021 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.21 31.8.20 (Xher k)ans (see notg 12) Trade edItorS Payroll creditor VAT Other ryeditofs CJRS repayment Accrued expenses 50,¢M) 4,459 25,000 12,678 177 10,475 54,671 17,481 51,970 143,273 Details of the CJRS repayrrEnt are provided in note 15. 12, CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 31.8.21 31,8.20 Other loans (see nots 12) 900.IXJO 13. LOAN8 An analysi5 of the maturity of loans is given below.. 31.8.21 31.8.20 Amounts falling due within one year on demand- Other loans 25,ODO Am¢)unts falling due in more than five years.. Repayabla by instslm8nts.' Othor loans more 5yrs instal 91]O.OlJ) 900.000 Pa8e 13
Mylnhurst Sports Education & Leisure Notès to the Financial Statements- continued for the Year Ended 31 August 2021 14. MOVEMENT IN FUNDS Net movement in funds At 31.8.21 At 1.9.20 Unrestrlcted funds General fund 758,089 (20,988) 737,121 TOTAL FUNDS 758,089 20,968 737 121 Net movement in funds, included in the above are as follows.. Incomlng resourc&s Resources Movement expended in funds Unreslrlcted funds General fund 142.203 (163,171) {20.968) TOTAL FUNDS 142.203 163,1711 20,968 omparatives for movement In funds Net movement in funds Al 1.9.19 31.8.20 Unregtri¢tfrd funds General fund 735,732 22.357 758,089 TOTAL FUNDS 735,732 22,357 Comparative net movement in funds, included in the above are as foll(8.. Incoming resources Resources Movement expended n funds Unrostrlctsd funds General fund 157,532 (135,175) 22.357 TOTAL FUNDS 157,532 135,175 22,357 Page 14
nhurst Sports Education & Leisure Notes to the Financral Statements - continued for the Year Ended 31 August 2021 14, MOVEMEPIT IN FUNDS - contlnued A current year 12 months and prlor year 12 months combined position is as follow5.. Net movement in funds At 31.8.21 At 1.9.19 Unrestrlcted funds General fund 735,732 1.389 737.121 TOTAL FUNDS 737,121 A CnI year 12 months and prior year 12 months c(Thbin nel movement in fundB. included in above are as follows.. Incoming Re80urces Movement resource8 expendad in fijnds Llnrestrictsd funds General 299,735 (298,346) 1,389 TOTAL FUNDS 299,735 1,389 15. RELATED PARTY DISCLOSURES At fhe yr-end Mylnhurst Sports, Educatlon & Leisure Limited was owed £19,099 from Mylnhurst Ltd (2020- £49.893 loan ind8btedr*ess due to Mylnhurst Limited}. The Company had no liabilities due from or payable to Mylnhurst M8dins Limited (2020 £8,116). Page 15
Mylnhurst Sports Education & L8lsure Notes lo the Finanoal Statements- Gontinued for the Year Ended 31 August 2021 16. ADJUSTING EVENT OCCURRING AFfER THE END OF THE REPORTING PERIOD After the end of the r8ports.ng pèrtod. a review of Coronavirus Job Retsntion Scheme {CJRS) claims was carried out. As a resuL HMRC was infomied aboLrt likely invalid claims for 3 employees. At the date of signing these accounts. the Company is awaiting a iesponse but it is thoughl prudenl to disclose a liability for the repayment of the 9rant daim {totalling £17.23n and provision for interest on this amount {totalling £244). Page 16