2022-03-31-accounts - Harrow School Of Gymnastics

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Registered	Company	Company	No
Registered	Charity No				1002258
Directors	ftncluding		those who	served for any part ofthe Financial Year)
Chair					Lynsay Shaw
					Niget Clarke (resigned	l9/02/2022)
Tl'easurer					Weldon Ramirez
Other					Nisba Pujara (appointed	l9/02/2022)
					Karsten Shaw
Principal Address and Registered ONce					186Christchurch Avenue
					Harrow
					Middlesex HA3 5BD
Key Personnel		and Professional		Advisers
General Manager					Felicity Copp
Health, Safety		&Welfare ONcers			Lynsay Shaw
Head Coach					Olivia Curran
Bankers					NatWest Bank Plc
					80Shenley Road
					Borebamwood
					Hertfordshire WD6 lDZ
					United Trust Bank
					1Ropemaker Street
					London EC2Y9AW
					Hampshire Trust Bank
					PO Box74003
					London EC2P 2QR
					Cambridge &Counties	Bank
					Cbamwood Court
					5BNew Walk
					Leicester LEl 6TE

			Citrus HR
Human	Resources		ISECharles Street
			Bath
			BAI IHX
Independent		Examiner	Stephen Meredith FCA	DChA
			Alllotts LLP
			Chartered Accountants	Imperial	House
			8Kean Street
			London
			%'C2B4AS

			Year to	Year to	Year to	Year to	Year to	Year to	Year to
			February	March	March	March	March	March	March
			2016	2017	2018	2019	2020	2021	2022
Recreational:
Playgym (age		under 5years)	51	49	48	50	48	21	52
Pre-school	(ages 3 —5years)		191	201	202	170	157	0	127
Gymnastics	for Ail (ages 5 —15)		1,064	1,016	998	1,031	1,101	721	1,002
Adult m			49	48	32	35	32	24	46
Competitive (including		Floor &Vault):
Men's Artistic			27	44	47	31	23	18	21
Women's Artistic			50	55	37	42	44	29	69
Total			1,432	1,413	1,364	1,359	1,405	813	1,317

November	National	Development	Plan	l Individual	Silver —All Round
	finals -	Elite		I Individual	Gold —All Round
				Team Silver
November	National	Development	Plan	2 Individual	Bronze —All Round
	finals -	Club
				Team Gold
				Team Silver
September	London	Regional Qualifiers		6Individual	Gold medals —All	Round
				5 Individual	Silver medals —All	Round
				3 Individual	Bronze medals —All Round
				In addition,	21 Gold Apparatus	medals were won,
				13G mnasts	ualified to re resent London

September	Classic Challenge	Regional	Regional	2 Individual		Gold —All Round
	Qualifiers			4 Individual		Silver —All Round
				I Individual		Bronze —All Round
				2 gymnasts		qualified to represent	London
October	Notts Open			I Gold —All Round- Level 4
October	Regional Qualifiers	- Elite		I gymnast	passed compulsory grade 3
December	Women' s' Artistic	British		One gymnast		competed and finished top ten on
	Championships			bars, the only piece she competed			in.
February	Pre-Grades Competition		at	I Individual		Gold- All Round —Compulsory			3
	Amber Valley Gymnastics			I Individual		Bronze —All Round	—Compulsory		3
				1 Individual		Silver —All Round —National		4
				I Individual		Gold —All Round-	Regional	I
March	2022 British Junior			Our gymnast		finished 11~All Round and		qualified
	Championships			for two event finals (Vault &Bars)
March	Grades —Club			4 Individual		Silver —All Round
				2 Individual		Bronze —All Round
March	Grades —Elite			I Individual		Silver —All Round
				I Individual		Bronze —All Round

HARROW SCHOOL OF GYMN YEARTO31STMARCH 2022 Statement ofFinancial	HARROW SCHOOL OF GYMN YEARTO31STMARCH 2022 Statement ofFinancial	ASTICS (A Co Activities	mpany Limited by	Guarantee)
(Including Income and Expenditure		Account)				Unrestricted
			Notes	Unrestricted	Total Funds Year ended	Funds Year ended
					31/03/22
						31/03/21
Income from:
Donations						13
Charitable activities				707,386	707,386	89,967
Other incoming resources				49,450	49,450	4,948
Government grants	received			17,134	17,134	133,284
Grant income				40,928	40,928
Investments				2,406	2,406	6,380
Total Income				817,315	817,315	234,592
Expenditure on:
Raising funds				43,476	43,476	3,903
Charitable Activities				500,428	500,428	777,019
Total expenditure				543,904	543,904	780,922
Net Income before	Transfers			273,411	273,411	(546,330)
Transfer Between Funds
Net movement in Funds				273,4I I	273,41I	(346,3303
Reconciliation ofFunds
Total funds brought	forward at I April 2021			839,400	839,400	1,385,730
Total funds carried forward at 31 March 2022				1,112,811	1,112,811	839,400

AS AT 31M Balance	ARCH Sheet	20	22
				Notes		2022		2021
						E
Fixed Assets
Tangible Assets						213,514		266,811
Current Assets
Stock					6,596		7,062
Debtors					83,561		29,403
Cash at bank	k in hand				899,704		583,075
					989,861		619,540
Current Liabilities
Creditors: Amounts		falling due within one year			90,564		46,951
Net Current	Assets					899,297		572,589
Total Net Assets						1,112,811		839,400
Funds
Unrestricted	-Invested		in Fixed Assets			213,514		266,811
Unrestricted	- Free Reserves					899,297		572,589
Total Funds						I, 1 12,81 1		839,400

Statem	ent ofCa	sh flows
							2022		2021
					Notes
Cash flows from operating activities
Cash generated from/(absorbed by) operations							318,356		(542,274)
Nct cash	inflow/(outflow)	from operating	activities				318,356		(542274)
Investing	activities
Payments	to acquire fixed assets					(4,133)		(263,115)
Interest received						2,406		6380
Net cash	used in investing	activities					(1,727)		(256,735)
Net cash	(used in)/generated from financing			activities			316,629		(799,009)
Net (decrease)/increase in		cash and cash	equivalents				316,629		(799,009)
Cash and	cash equivalents	at beginning ofyear					583,075		1,382,0&4
Cash and	cash equivalents	at end ofyear					$99,704		583,075

Employee benefits
The costofany unused holiday entitlement is recognised in the period in which the employee's		services
arc received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably		committed		to terminate			the
employmcnt ofan employee or to provide termination benefits.
Rctireiueut benefits
Payments to defined contribution retirement benelit schemes are charged as an expense as they		fell due.
Funds
The operating reserves src unrestricted fimds which arc 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 duc 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 expcnditurc				are recognised			in	income
on asystematic basis over the periods m which the entity recognises the related costs for	which	the grant	is	intended		to compensate.
During thc year ending 3I March 2022 the Charitable Company received KI7,134(202I	- f133,285) in respect				ofthe	Coronavirus			Job
Retention Scheme.
Critical accounting estimates snd 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 arc not
readily apparent from other sources. The estimates and associated assumptions sre based	on historical
experience and other factors that are considered to be relevant. Actual results may ditTer	from these
estimates.
Thc 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 thc 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 snd impairment losses. Judgement whether there are indicators ofimpairment ofthe company's property, plant and equipment. Factors taken such a decision include the economic viability snd expected future linsncial performance ofthe assets.			is required to determine into consideration in reaching

Expenditure
				Staff Costs	Depreciation	Other	Total Year ended	Total Year ended
							31/03/22
								31103/21
								f
Raising funds
Fundraising Trading	- Costs ofGoods Sold					43,476	43,476	3,903
Charitable Activities
Costs ofGymnastic	Coaching
Service running costs				294,233	41,851	13,492	349,576	292,248
Premises costs				6,956	15,579	40,296	62,831	430,609
Support costs				64,495		20,136	84,631	51,042
Governance Costs						3,390	3,390	3,120
				365,684	57,430	77,314	500,428	777,019
Total Expenditure				365,684	57,430	120,790	543,904	780,922
Other Costs
Governance Costs include:
Independent Examiner's		Remuneration					3,390	3,120
Employees
							2022	2021
Employment Costs
Wages &Salaries							341,560	293,167
Socia!Security Costs							16,328	12,115
Other pension costs							7.796	4,719
							363,664	3 10,001
The average number	of	persons employed	by
the Charitable Company		during the year	was:				Number	Number
Trustees
Coaches (mainly part-time)								38
Administration
							46	43

Tangible Fixed Assets
	Leasehold		Fixtures,
	Land &	Gymnasium	Fittings &	Total
	Buildings	Equipment	Other	3]/03/22
			Equipment
Cost
As at 1 April 2021	155,444	280,207	120,697	556,348
Additions		3,317	816	4,133
As at 31 March 2022	155,444	283,524	121,513	560,481
Depreciation
As at 1 April 2021	155,443	103,160	30,934	289,537
Charged in year		41,851	15,579	57,430
As at 31 March 2022	155,443	145,011	46,513	346,967
Net BookValue
As at 31 March 2021		177,047	89,763	266,811
As at 31 March 2022		138,513	75,000	213,514
Debtors
			2022	2021
All due within one year
Trade debtors			78,545	5,311
Other debtors			0	18,543
Prepayments			5,016	5,549
			83,561	29,403
Creditors
			2022	2021
All due within one year
Fees received in advance			73,224	31,540
Trade and Other Creditors			10,802	12,318
Taxes &Social Security Cost			6,538	3,093
			90,564	46,951

those ofthe charity in an independently	those ofthe charity in an independently	administered	fund.
The charge to the Statement ofFinancial		Activities	in respect ofdefined contribution	schemes was K7,796(2021 - X4,719).
Cash generated from opcratlons
				2022	2021
Surplus/(deficit) for the year				273,411	(546,330)
Adjns/ments for:
Investments income				(2,406)	(6,380)
Depreciation oftangible fixed assets				57,430	33,006
Movements /n ivor/dng copi/o/3 ~(increase) in stock				466	1,925
Decrease/(increase) in trade and other debtors				(54,158)	(20,545)
(Decrease)fincrcasc m trade and other creditors				43,613	(3,950)
Cash generated from/(absorbed	by) operations			318,356	~4242, 274