|COMPANY|COMPANY|INFORMATION|INFORMATION|INFORMATION|||| |---|---|---|---|---|---|---|---| |Registered|Company||No||2585823||| |**:**'Registered|Charity No||||1002258||| |**:**'Directors|(including||those who|served for any part ofthe Financial Year)|||| |Chair|||||Nigel Clarke||| |Treasurer|||||Weldon Ramirez||| |Other|||||Lynsay Shaw||| ||||||Karsten Shaw||| |Principal|Address and Registered Office||||186Christchurch||Avenue| ||||||Harrow||| ||||||Middlesex HA3 5BD||| |Key Personnel||and Professional||Advisers|||| |General Manager|||||Fliss Copp||| |Health, Safety||&Welfare Officers|||Lynsay Shaw||| |Head Coach|||||Graham O' Sullivan||| |Bankers|||||NatWest Bank Plc||| ||||||80Shenley Road||| ||||||Boreham wood||| ||||||Hertfordshire|WD6 1DZ|| ||||||United Trust Bank||| ||||||1Ropemaker|Street|| ||||||London EC2Y9AW||| ||||||Hampshire
Trust||Bank| ||||||PO Box74003||| ||||||London EC2P|2QR|| ||||||Cambridge 4|Counties Bank|| ||||||Chamwood
Court||| ||||||5BNew Walk||| ||||||Leicester LE1|6TE|| |Human|Resources|Resources|Citrus HR| |---|---|---|---| ||||ISECharles Street Bath BAI| |Independent||Examiner|Stephen Meredith FCA DChA| ||||Alliotts LLP| ||||Chartered
Accountants| ||||Imperial
House| ||||SKean Street London| ||||WC4B 4AS| ## ## ## ## ## ||||Year to|Year to|Year to|Year to|Year to|Year to| |---|---|---|---|---|---|---|---|---| ||||February|March|March|March|March|March| ||||2016|2017|2018|2019|2020|2021| |Recreational:||||||||| |Playgym
(age||under 5 years)|51|49|48|50|48|21| |Pre-school|(ages 3 —5years)||191|201|202|170|157|0| |Gymnastics|for All (ages 5 —15)||1,064|1,016|998|1,031|1,101|721| |Adult gym|||49|48|32|35|32|24| |Competitive
(including||Floor S.Vault):||||||| |Men's Artistic|||27|44|47|31|23|18| |Women's|Artistic||50|55|37|42|44|29| |Total|||1,432|1,413|1,364|1,359|1,405|813| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |(Including
Income a|nd Expe|nditure
Account)||||| |---|---|---|---|---|---|---| |||||||Unrestricted| ||||||Total Funds|| |||||Unrestricted||Funds Year| ||||Notes||Year ended|ended| ||||||31/03/21|| |||||||31/03/20| |Income from:||||||| |Donations||||13|13|398| |Charitable
activities||||89,967|89,967|564,054| |Other incoming resources||||4,948|4,948|34,464| |Government
grants|received|||133,285|133,285|| |Investments||||6,380|6,380|9,442| |Total Income||||234,592|234,592|608,358| |Expenditure
on:||||||| |Raising funds||||3,903|3,903|16,757| |Charitable
Activities||||777,019|777,019|463,550| |Total expenditure||||780,922|780,922|480,307| |Net Income before|Transfers|||-546,330|-546,330|128,051| |Transfer Between Funds||||||| |Net movement
in Funds||||-546,330|-546,330|128,051| |Reconciliation
ofFunds||||||| |Total funds brought|forward|at I April 2020||1,385,730|1,385,730|1,257,679| |Total funds carried|forward|at 31March 2021||839,400|839,400|1,385,730| ## ||||Notes||2021||2020| |---|---|---|---|---|---|---|---| |Fixed Assets|||||||| |Tangible Assets|||||266,811||36,702| |Current Assets|||||||| |Stock||||7,062||8,987|| |Debtors||||29,403||8,858|| |Cash at bank|4 in hand|||583,075||1,382,084|| |||||619,540||1,399,929|| |Current
Liabilities|||||||| |Creditors: Amounts||falling due within one year||46,951||50,901|| |Net Current|Assets||||572,589||1,349,028| |Total Net Assets|||||839,400||1,385,730| |Funds|||||||| |Unrestricted|-Invested in Fixed Assets||||266,811||36,702| |Unrestricted|-Free Reserves||||572,589||1,349,028| |Total Funds|||||839,400||1,385,730| ## ||||||||2021||2020| |---|---|---|---|---|---|---|---|---|---| ||||||Notes||||| |Cash flows from operating||activities|||||||| |Cash generated
from/(absorbed
by) operations|||||||(542,274)||161,992| |Net cash|inflow/(outflow)|from operating|activities||||(542,274)||161,992| |Investing|activities||||||||| |Payments|to acquire fixed assets|||||(263,115)||(26,980)|| |Interest received||||||6,380||9,442|| |Net cash|used in investing|activities|||||(256,735)||(17,538)| |Net cash|(used in)/generated
from financing|||activities|||(799,009)||144,454| |Net (decrease)/increase
in||cash and cash|equivalents||||(799,009)||144,454| |Cash and|cash equivalents
at beginning ofyear||||||1,382,084||1,237,630| |Cash and|cash equivalents|at end ofyear|||||583,075||1,382,084| ## ||Charity information||| |---|---|---|---| ||Harrow School ofGymnastics
is aprivate limited company by Guarantee
incorporated
in England
and Wales. The registered||office is| ||186Christchurch
Avenue,
Harrow, Middlesex,
HA3 SBD.||| ||Accounting
convention||| ||The accounts have been prepared
in accordance with the charity's
governing
document,
the Companies
Act 2006 and "Accounting
and||| ||Reporting
by Charities: Statement ofRecommended
Practice applicable to charities preparing
their accounts in accordance||with the| ||Financial Reporting
Standard
applicable
in the UK and Republic ofIreland (FRS 102)" (as amended
for accounting
periods||| ||commencing
from I January 2019).The charity is aPublic Benefit Entity as defined by FRS 102.||| ||The accounts are prepared
in sterling,
which is the functional
currency ofthe charity. Monetary amounts
in these financial||statements| ||are rounded
to the nearest X.||| ||The accounts have been prepared
under the historical cost convention.
The principal
accounting
policies||| ||adopted are set out below.||| |1.2|Going concern||| ||At the time ofapproving
the accounts, also taking into account the potential
effects ofthe Covid-19 pandemic,
the Council||of| ||Management
have areasonable
expectation
that the charity has adequate
resources to continue
in operational
existence for|the|| ||foreseeable
future. Thus the Council ofManagement
continue to adopt the going concern basis ofaccounting
in preparing|the accounts.|| |1.3|Charitable
funds||| ||Unrestricted
funds are available for use at the discretion ofthe trustees
in furtherance
oftheir charitable
objectives unless the funds have||| ||been designated
for other purposes.||| ||Restricted
funds are subject to specific conditions
by donors as to how they may be used. The purposes
and uses ofthe restricted funds||| ||are set out in the notes to the accounts.||| |1.4|Incoming resources||| ||Income is recognised when the charity is legally entitled to it after any performance
conditions
have been met, the amounts||can be| ||measured
reliably,
and it is probable that income will be received.||| ||Cash donations
are recognised on receipt. Other donations
are recognised
once the charity has been notified ofthe donation,||unless| ||performance
conditions
require
deferral ofthe amount.
Income tax recoverable
in relation to donations
received under Gift|Aid or deeds|| ||ofcovenant
is recognised
at the time ofthe donation.||| ||Grant income is recognised on receipt or otherwise ifthe charity has been notified ofan impending
distribution,
the amount||is known,| ||and receipt is expected.||| ||Incoming resources are the amounts
derived from the provision ofcharitable
services, and stated after applicable
discounts.||| |1.5|Resources expended||| ||Resources expended
are accounted for an accruals basis. Certain expenditure
is allocated and apportioned
between costs of||generating| ||funds and charitable
expenditure
by allocating
costs on a fair basis, based on aspecific review ofthe expenditure
incurred.||| ||Cost ofgenerating
funds comprises
costs which are associated with raising funds from all the possible sources ofincoming||resources.| ||Support costs comprise costs for the training ofstaff, and have been allocated to sheltered
accommodation
in line with the|nature ofthe|| ||training.
Governance
costs comprise costs incurred
in connection
with administration
ofthe charity and compliance
and constitutional||| ||and statutory
requirements.
Salary costs have been allocated on the basis oftime engaged
in each area ofactivity.||| ## ## ## ## ## |1.10|Employee benefits||||||||| |---|---|---|---|---|---|---|---|---|---| ||The cost ofany unused
holiday entitlement
is recognised
in the period in which the employee's|services|||||||| ||are received.||||||||| ||Termination
benefits are recognised
immediately
as an expense when the charity is demonstrably|committed to||terminate||the|||| ||employment
ofan employee
or to provide termination
benefits.||||||||| ||Retirement
benefits||||||||| ||Payments
to defined contribution
retirement
benefit schemes are charged as an expense as they|fall due.|||||||| ||Funds||||||||| ||The operating
reserves are unrestricted
funds which are available for use at the discretion ofthe|Trustees|in furtherance|||ofthe||general|| ||objects ofthe charity and which have not been designated
for other purposes.||||||||| ||Taxation||||||||| ||No provision
for taxation arises on the income ofthe Charitable
Company
due to its charitable|stutus.|||||||| ||Government
grants||||||||| ||Government
grants received are recognised
at the fair value ofthe asset received or receivable
when there||is reasonable|||assurance|||that the| ||grant conditions
will be met and the grants will be received. Government
grants relating to revenue
expenditure|||are|recognised|||in income|| ||on a systematic
basis over the periods in which the entity recognises
the related costs for which|the grant|is intended||to compensate.||||| ||During the year ending 31March 2021 the Charitable
Company
received f.133,285 (2020 —fnil) in respect ofthe Coronavirus|||||||Job|| ||Critical accounting
estimates
and judgements||||||||| ||In the application ofthe charity's
accounting
policies, the Council ofManagement
are required|to make|||||||| ||judgements,
estimates
and assumptions
about the carrying
amount ofassets and liabilities that are not||||||||| ||readily apparent
from other sources. The estimates
and associated assumptions
are based on historical||||||||| ||experience
and other factors that are considered to be relevant. Actual results may differ Irom these||||||||| ||estimates.||||||||| ||The estimates
and underlying
assumptions
are reviewed
on an ongoing basis. Revisions to accounting||||||||| ||estimates
are recognised
in the period in which the estimate
is revised where the revision affects only that||||||||| ||period, or in the period ofthe revision
and future periods where the revision affects both current|and future|||||||| ||periods.||||||||| ||Critical judgements||||||||| ||Tangible fixed assets||||||||| ||Tangible fixed assets are recorded at cost less accumulated
depreciation
and impairment
losses.|Judgement
is required to determine|||||||| ||whether
there are indicators ofimpairment
ofthe company's
property,
plant and equipment.
Factors taken into|||consideration||||in reaching|| ||such a decision include the economic viability
and expected future financial
performance ofthe|assets.|||||||| ||Key sources ofestimation
uncertainty||||||||| ||Tangible fixed assets||||||||| ||Tangible fixed assets are depreciated
over their useful lives taking into account residual values,|where appropriate.|||The actual|||lives ofthe|| ||assets and residual values are assessed annually
and may vary depending
on anumber offactors. In re-assessing|||asset lives, factors such|||||| ||as technological
innovation,
product life cycles and maintenance
programmes
are taken into account. Residual|||value assessments|||||| ||consider issues such as future market conditions,
the remaining
life ofthe asset and projected disposal values.||||||||| ||Impairment
ofdebtor balances
The charitable
company makes an estimate ofthe recoverable
value oftrade and other debtors
.|When assessing||impairment|||management||| ||considers factors including
the ageing profile ofamount
due and historical experience.||||||||| ## |Expenditure||||||||| |---|---|---|---|---|---|---|---|---| |||||Staff Costs|Depreciation|Other|Total Year
ended
31/03/21|Total
Year
ended| |||||||||31/03/20| |Raising funds||||||||| |Fundraising
Trading|- Costs ofGoods Sold|||||3,903|3,903|19,931| |Charitable
Activities||||||||| |Costs ofGymnastic|Coaching|||||||| |Service running
costs||||271,420|19,234|1,594|292,248|339,747| |Premises costs||||939|10,427|419,243|430,609|52,964| |Support costs||||37,642||13,400|51,042|65,491| |Governance
Costs||||||3,120|3,120|3,000| |||||310,001|29,661|437,357|777,019|461,202| |Total Expenditure||||310,001|29,661|441,260|780,922|481,133| |Other Costs||||||||| |Governance
Costs include:||||||||| |Independent
Examiner's||Remuneration|||||3,120|3,120| |Employees||||||||| ||||||||2021|2020| |Employment
Costs||||||||| |Wages &Salaries|||||||293,167|342,692| |Social Security Costs|||||||12,115|15,838| |Other pension costs|||||||4,719|6,366| ||||||||310,001|364,896| |The average number|of|persons employed|by||||Number|Number| |the Charitable
Company||during the year|was:|||||| |Trustees||||||||| |Coaches (mainly part-time)|||||||38|38| |Administration||||||||| ||||||||47|47| ## ## |Tangible Fixed Assets|||||| |---|---|---|---|---|---| ||Leasehold
Land
dk
Buildings||Gymnasium
Equipment|Fixtures,
Fittings A
Other
Equipment|Total
31/03/21| |Cost|||||| |As at 1 April 2020|155,444||95,218|42,571|293,233| |Additions|||184,989|78,126|263,115| |As at 31March 2021|155,444||280,207|120,697|556,348| |Depreciation|||||| |As at 1 April 2020|155,443||80,580|20,507|256,531| |Charged
in year|||22,579|10,427|33,006| |As at 31March 2021|155,443||103,159|30,934|289,537| |Net BookValue|||||| |As at 1 April 2020|||14,638|22,064|36,702| |As at 31March 2021|||177,048|89,763|266,811| |Debtors|||||| |||||2021|2020| |All due within one year|||||| |Trade debtors||||5,311|| |Other debtors||||18,543|| |Prepayments||||5,549|8,858| |||||29,403|8,858| |Creditors|||||| |||||2021|2020| |All due within one year|||||| |Fees received in advance||||31,540|33,408| |Trade and Other Creditors||||12,318|13,500| |Taxes &Social Security Cost||||3,093|3,993| |||||46,951|50,901| ## ## |Funds||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |a) Analysis|ofMovement|||||||||| |ofFunds||||||||||| ||||||Net|||||| ||||Balance|at|Incoming|||||Balance at| ||||01/04/20||Resources||Transfers|||31/03/21| |Unrestricted:|||1,385,730||-546,330|||||839,400| |Total Funds|||1,385,730||-546,330|||||839,400| |b) Analysis|ofNet Assets||||Tangible
Assets|Current
Assets|Current
Liabilities|Inter Fund
Balances||Total 31/03/21| |Unrestricted|-Invested|in Fixed Assets|||266,811|||||266,811| |Unrestricted|-Freereserves|||||619,540|(46,951)|||572,589| |Total Funds|||||266,811|619,540|(46,951)|||839,400| |Financial Commitments||||||||||| |At 31 March|2021,the|Charitable|Company|had annual|commitments
under|a non-cancellable
operating|||lease of|its land as| |follows:||||||||||| ||||||||2021|||2020| ||||||||113,000|||124,300| |Retirement
benefit|schemes||||||||| |---|---|---|---|---|---|---|---|---|---| |The charity operates|adefined contribution||pension|scheme|for all qualifying|employees.|The assets ofthe scheme are held separately||from| |those ofthe charity|in an independently|administered||fund.|||||| |The charge to profit|or loss in respect|ofdefined contribution|||schemes was K4,719(2020||- X6,366).||| |Cash generated
from operations|||||||||| ||||||||2021|2020|| ||||||||f.||| |Surplus/(deficit)
for|the year||||||-546,330|128,051|| |Adjustments for:|||||||||| |Investments
income|||||||(6,380)|(9,442)|| |Depreciation oftangible fixed assets|||||||33,006|11,162|| |Movements
in working capital:|||||||||| |Decrease/(increase)|in stock||||||1,925|(1,899)|| |Decrease/(increase)|in trade and other|debtors|||||(20,545)|75,239|| |(Decrease)/increase|in trade and other|creditors|||||(3,950)|(41,119)|| |Cash generated
from/(absorbed
by)||operations|||||(542,274)|161,992||