Company No. 2585823 (England and Wales)
Registered Charity No. 1002258
HARROW SCHOOL OF GYMNASTICS
(A Company Limited by Guarantee)
REPORT OF THE DIREcfoRS AND FINANCIAL STATEMENTS
YEAR TO 31 MARCH 2025

HARROW SCHOOL OF GYMNASTICS (A Company Limited by Guarantee)
YEAR TO 31 MARCH 2025
CONTENTS
PAGE
COMPANY INFORMATION
DIRECTORS, REPORT
INDEPENDENT EXAMINER'S REPORT
STATEMENT OF FINANCIAL AcriviTIES
io
BALANCE SHEET
li
STATEMENT OF CASH FLOWS
12
NOTES TO THE AccouNTS
13-18

HARROW SCHOOL OF GYMNASTICS (A Company Limited by Guarantee)
YEAR TO 31 MARCH 2025
COMPANY INFORMATION
Registered Cornpan?. N40
Registered Charih. No
l(M)2258
Direclor5 linrludin% tho5¢ w'ho 5er%'ed for 8ni' p8rt of the F"inanri41 Itarl
l.'hair
isha PUjAr￿ Rosit Il'iilixms
TreAsurer
Wcldon Ramircz IrLSiJO cd l Mav ?0?41
Nisha Pujara (a￿ln(cd l May ?0?41
Other
Rosie Williams
Sarnantha Wallace
Ka[s￿n Sha%%
Madeleine Malli1v￿ (ap￿inted 17 SepterniKT ?0•41
Principal Add￿55 and Registered Office
186 ChTiStehurch .4I'eDue
HaTrow
lidd1￿￿ HA3 iBD
Kev Personnel and Proftssional.4th'isers
General Manager
Felicitr Copp
HeAlth, Safety & Welfare Offvers
Rosie Il'illiams
Head Coach
Olis'ia Curran

HARROW SCHOOL OF GYMNASTICS (A Company Limited by Guarantee)
YEAR TO 31 MARCH 2025
Battkers
80 Sh¢nkTr Ro8
Boreham1400d
Hertfordshire Il'l￿ IDZ
I"llited Tn￿ BADk
l Ropemaker Street
tJbndoD EC21' 9.411,
Hathp5hireTrust BxttlL
PO Boi 74￿3
Ddon EC?P 2QR
Human Resourtts
SaftHR
J8E Charlt5 Street
BHth B.41 IILX
Stephen Ileredith FC4 Dch.
.41liotts LLP
Ch8rterryl,*rrovntsnts
lanfield IIov5¢
I S)ulhamplou Street
II'C2R OLR

HARROW SCHOOL OF GYMNASTICS (A Company Limited by Guarantee)
YEAR TO 31 MARCH 2025
DIRECTORS. REPORT
The Dirertors, who are also charity trustees under charity law. present their report and the financial
statements for the yearended 31 March 2025.
I STRUCTURE, GOVERNANCE AND MANAGEMENT
Harrow School of Gymnastics was founded in 1979 but moved to its current site in 1991. Harrow School
of Gymnastics is a registered charity and is 3150 a company limited by guarantee. The members of Harrow
School of Gymnastics are the gymnasts or. in the case of a gymnast under the age of 18 years. a parent. The
Directors of Harrow School of Gymnastics are also the charity trustees. They are volunteer members who are
elected at the Annual General Meeting by members present at the meetin& One-third of the Directors are
required to retire each year 2nd may offer themselves for r￿eleCtiO
As well as administrative tasks the Directors are responsible for the strategic direction, major decisions of the
school and the generation and continuous review of school policies. They also work closely with the General
Manager and Head Coach to generate and monitor the school development plan. They also have overall
responsibility for Human Resources within the school. However, operational and day-to-day management is
delegated to the General Manager.
Directors can be members ofthe gym or parents of junior members who take partin either General Gymnastics
or Competitive Gymnastics. Non-members may also be 3PPOlllted as Associate Dirertors. but they would not
have any voting rights.
All directors are required to sign the Dirertors, Code of Condurt and a Declaration of Interests.
The representative on the Board of Directors for Health, Safety and Welfare is currently Rosie William&
Harrow School of Gymnastics is affiliated with British Gymnastics. the governing body for the sport of
gymnastics in the United Kingdorn.
2 OBJECTIVES AND A￿l￿TIEs
The objective set out in the Memorandum olAssociation is the provision of gymnastic coaching and facilities.
The mission of Harrow School of Gymnastics is to provide "Gymnastics of the highest standard for all" within
its geographic area ofoperations. i.e.. the ￿ndOn Borough of Harrow and surrounding areas.
Harrow School of Gymnastics provide5 gymnastics coaching in two broad categories:
Recreational gymnastics (also known as General Gymnastics or Gymnastics forAII).' typically. in classes
of one hour per week for all ages from toddlers to adults.
Competitive gymnastics.. two separate squads (Men's Artistic and Women's Artistic) for age 5 up to early
20's, training for up to 20 hours per week
3 ACHIEVEMENTS AND PERFORMANCE
Harrow School of Gymnastics continues to be well-used by the community. The Directors continue
working towards a solution with Harrow Council which will increase their capacity to meetthe increasing
demand.

HARROW SCHOOL OF GYMNASTICS (A Company Limited by Guarantee)
YEAR TO 31 MARCH 2025
Year to
Yearto
Year to
Yearto
Year to
Year to
March
2024
Yearto
March
2025
March
2019
March
2020
March
2021
March
2022
March
2023
Recreational..
Play gym lage under 5
years)
Pre-school (ages 3- 5
years)
Gymnastics for All lages 5
151
21
52
68
68
170
157
127
134
176
231
1.031
I,ioi
721
I.IX12
1,139
1,154
1.205
Adult gym
35
32
24
40
42
42
Competitive:
Men's Artistic
Women's Art15tic
31
42
23
18
29
21
69
21
42
23
47
19
36
Total
1.359
1,405
813
1,317
1.436
1.510
1,601
In addition to regular gymnastics training and classes. there were:
1. 119 Parties of up to 40 children, [126 in 2023124)
2. 48 Train and Play sessions (48 in 2023124)
In addition to the above...
3 British Gymnastics helper courses were held in the gym
Womens, artistic regional training session was held at the gym
3 coaches completed their level 3 modules
I coach qualified to Level 2
I coach qualified to Level I
3.1 HIGHLIGHTS IN GYMNAsfIcs FOR ALL (FORMERLY KNOWN AS GENERAL GYMNAsrics) 2024/25
321 gyrnnasts competed at the Club Championships (281 in 202312024).
260 gymnasts perfornied at the Winterwonderland showcase (176 in 2023124)
Gymnasts of the Year were Raphael Affiim and Masha Karunaratne
Club coach of the yearwas Robert Shaw
Pre-school coach ofthe year was Claudia Ciocalau

HARROW SCHOOL OF GYMNASTICS (A Company Limited by Guarantee)
YEAR TO 31 MARCH 2025
4 PUBLIC BENEFIT
The trustees confirm that they have referred to the Charity Commission's general guidance on public benefit
when reviewing the charity's aims and objectives and in planning future activities.
Discounted rates are offered to individuals where families are in hardship.
The club provides free gymnastic sessions to Special Needs Schools in the Harrow area 2nd discounted
gymnastic sessions at 500h to Special Needs Schools in the Hillingdon/Brent area. During the year.
There were 10 gymnastic sessions provided free ofcharge to Special Needs Schools.
There were 35 sessions provided ata 50% reduction to Special Needs Schools
The club also provided the judges free of charge for the Harrow Primary Inter Schools competition.
Free playgym sessions are also donated to local schools as prizes in their fetes.
We have provided almost £2,000 in Hardship remissions from both general gymnasts and competitive
gymnasts.
5 FINANCIAL REWEW
The financial results for the yearto 31 March 2025 areset out on pages 10 to 18. Funding is from members via
fees with a small amount of additional fundraising to support specific areas of our work All funding goes
towards the provision of training and training-related facilities and equipmenL Unrestricted income was
£917,292 compared with £922.385 in 2023/24. while related expenditure was £762,261 compared with
£732,402 in 2023124. There was an excess of income over expenditure of£155,031 compared with £189,983
in 2023124. which has been added to unrestrirted reserve&
There is no restricted reserve balance at the end of the year.
The Directors carry out an annual review of Harrow School of Gymnastics, free reserves policy in the light of
known risks and future plans. Free reserves are those funds which are not committed to specific projects or
invested in fixed assets. The Dirertors have established a poliry that Harrow School of Gymnastics should have
a minimum free reserve ofsix months budgeted expenditure. which is approxirnately£250.000. This will enable
Harrow School of Gymnastics to meet its objectives if it faces a loss of incorne or unexperted increases in
unfunded costs. The total free reserves at 31.M3rch 2025 were £l.539.009. which is in excess of the target
6 ACHIEVEMENTS OF THE BOARD OF DIRECTORS IN 2024/25
Public benefit continues to improve and increase in provisioTh HSOG now host all Harrow gymnastics school
competitions in house, and provide all ofthe officials at the competition&
The directors continue to review of the governance of the club and implement improvements.
In an effort to improve club communication with all stakeholders. parents and gymnasts, the club website has
undergone a refresh and is now live.

HARROW SCHOOL OF GYMNASTICS (A Company Limited by Guarantee)
YEAR TO 31 MARCH 2025
7 PRIORITIES FOR 2025/26
The overriding priority ofthe Directors continues to be to ensure the smooth running ofthe gymnastics
school and to ensure the welfare, care and security of members and staff. In addition, Directors will
continue to determine strategy of the gym and continue to develop the offering of the school, ensuring
personal development of coaches and work towards high satisfaction of members and gymnasts.
Harrow School of Gymnastics will embark on generating a greater presence of the club through
rebranding and other public relations activities.
Extension plans- finances, background work for planning permission and liaison with relevant external
bodies (council).
Harrow School of Gymnastics will continue building relationships with the local community including
schools and other sporting organisations to ensure that it benefits not just its members but the whole
community in Harrow and the surrounding are&
Harrow School of Gymnastics will refresh the website to ensure effective communication with parents.
gymnasts, the wider community and other stakeholders, which reflerts the current provision within the
club.
8 STATEMENT OF DIRECTORS, RESPONSIBILITIES
The directors are responsible for preparing the financial statements in accordance with applicable law and
United Kingdom Generally Accepted Accounting Practice.
Company law required the dirertors to prepare financial statements for each financial year. which give a true
and fair view ofthe state of affairs of the charitable company as at the balance sheet date and of its incoming
resources and application of resources, including income and expenditure, for the financial year. In preparing
those financial statements, the directors are required to:
select suitable accounting policies and then apply them consistently-
make judgements and estimates that are reasonable and pn]dent-
state whether applicable accounting standards and the Charities SORP have been followed, subject to
any departures disclosed and explained in the financial statements.. and prepare the financial statements
on the going concern basis unless it is inappropriate to presume that the charitable company will
continue in operation.
The dirertors are responsible for maintaining proper accounting records which disclose, with reasonable
accuracy at any time, the financial position ol the charitable company, and enable them to ensure that the
rinancial statements comply with the Companies Art 2006. The directors are also responsible for
safeguarding the assets of the charitable company and hence for taking reasonable steps lor the prevention
and detertion of fraud and other irregularitie&
This report was approved by the Directors at their meeting and signed on their behalf by
0>1
Rosie Williams
19 Nov 2025
Date:

HARROW SCHOOL OF GYMNASTICS (A Company Limited by Guarantee)
YEAR TO 31 MARCH 2025
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HARROW SCHOOL OF GYMNASTICS
I reportto the charity trustees on my examination of the accounts of Harrow School oFGymnastics for
the year ended 3 1 March 2025. which comprise the Statement of Financial Activities including Income
and Expenditure, the Balance Sheet, Statement of Cash flows 2nd the related notes. These financial
statements have been prepared under the accounting policies set out therein.
Responsibilities and basis of report
The trustees (who are also the directors of the company for the purposes of company law) you are
responsible for the preparation of the financial statements in accordance with the requirements of the
Companies Art 2006 ('the 2006 acv).
Having satisfied myself that the accounts of the charitable company are not required to be audited under
Part 16 of the 2006 act and are eligible for independent examination. I report in respect of my
examination of your charity's accounts as carried out under Section 145 ofcharities Art 2011 [the'2011
Acv). In carrying out my examination I have followed the Directions given by the Charity Commission
under section 145(5)(b) of the 2011 ACL
Independent examinerfs report
Since the compan￿5 gross income exceeded £250,000 yourexaminermustbe a member ofa bodylisted
in section 145 of the 2011 ACL I confirm that l arn qualified to undertake the examination because l am
a member of the Institute of Chartered Accountants England and Wales which is one ofthe listed bodies.
I have completed my exarnination. I confinn that no matters have come to my attention 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 accounting records,. or
3) the accounts do notcomply with theaccounting requirements ofsection 396 olthe 2006Actother
than any requirement that the accounts give a'true and fair. view which is not a matter considered as
part ofan independent exarnination- or
4) theaccounts havenotbeenprepared in accordancewith the methodsand principlesofthestatement
of Recommended practice for accounting and reporting by charities lapplicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland {FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding ofthe accounts to
be reache
Stephen Meredith (Nov 27, 2025, 3".10pml
Stephen Meredith FCA, DChA
Alliotts LLP
Manfield House.
I Southarnpton Street.
London, WC2R OLR
27 Nov 2025
Date..

HARROW SCHOOL OF GYMNASTICS (A Company Limited by Guarantee)
YEAR TO 31ST MARCH 2025
Statement of Financial Activities
(Including Income and Expenditure .4ccount)
Total Funds
Year ended
31103124
(Unrestricted)
Unrestricted
Funds
Total Funds
Year ended
31103125
Notes
Income from:
Donations
24
24
19
Charitable activities
825,775
825,775
852,016
Other incoming resources
49.710
49,710
53,336
Investments
41.783
41,783
17.014
Total Ineome
917,292
917,292
922,385
Expenditure on:
Raising funds
Chariiable Activities
38,390
38J90
44,423
723,871
723,871
687,979
Total expenditure
76? ?61
762,261
732,402
Net Income before Transfers
155,031
155,031
189,983
Transfer Between Funds
Net movement in Funds/Net income for the year
155,031
1 $5,031
189,983
Reconciliation of Fund5
Total funds brought forward at l April 2024
1,450,975
,450,975
1,260,992
Total fund5 carried forward at 31 March 2025
1,606.006
1,606,006
1,450,975
The Statement of Financial Activities has been prepared on the basis that all operations are continuing operations.
There are no recognised gain5 and losses other than those passing through the Statement of Financial Activities.
There are no funds other than the unrestricted funds in the current or compardtive year.
io

HARROW SCHOOL OF GYMNASTICS (A Company Limiled by Guarantee)
AS AT 31 MARCH 2025
Balance Sheet
Notes
2025
2024
Fixed Assets
Tangible Assets
66.997
123,489
Current Assets
Stock
13.573
6,730
49,063
1,384.793
1,440,586
Debtors
13,198
1.600,565
1.627.J36
Cash at bank & in hand
Current Liabilities
Creditors: Amounts falling due within one year
88,327
113,100
Net Current Assels
1.539,009
1,327,486
Total Net Assets
1,606.006
1,450,975
Funds
Unrestricted - Invested in Fixed Assets
66,997
1,539.009
1.606.006
123.489
Unrestricted - Free Reserves
1,327,486
1,450,975
Total Funds
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 March 2025. No member of the company has deposited a notice, pursuant to section 476,
requiring an audit of these accounts.
The Directors acknowledge their responsibilities for ensuring that the charitable company keeps accounting records
which comply with section 386 of the Act and for prepaTin(p accounts which give a true and fair view of the state of
affairs of the company as at the end of the financial year and of its incoming resources and application of resources,
including it5 income and expenditure: for the financial vear in accordance M'ith the requirements of section5 394 and
395 and which othenvise comply with the requirements of the Companies Act 2006 relaiing to accounts, so far as
applicable to the company.
The accounts on pages l O to 18 were approved by the Trustees on
27 Nov 2025
and signed on their behalf by-
Rosie William8 (Nov 27, 2025. 2.'34pml
Rosie Williams
Company number- 02585823
li

H.ARROW SCHOOL OF GI'IINASTICS I..1 C•mp*nv Limiied b). Guar4nieel
I E.4R'I-0 31S-I' ￿l.&R(.-H 2025
Statement of Cashflows
21125
2024
Notts
Cash flows frorn operating actiTr'itits
Cash gtneiated fTonVlabsoibtd by) opeiations
175.560
281,481
et Cash inflowlloutflowl from operating actii'ities
175,560
281,481
Investing actiiities
Paymcnts to acquir¢ fix¢d asscts
{1.5701
{7.7641
Inicrcst Tcccivcd
17,014
el cash used IN ini'c5tiNg acti)'itits
40.213
9,250
et Cash (used inllgenerated from finanfing actii'ities
21 i.773
290.7.31
el Idecrease)lincreast ID cash alld cash equi)'aleDt5
215.773
290,7il
Cash and tyash cquivalcnis at bcginning of )¢ar
1.384,793
,093.715
Cash and cash equiYaleDt5 at tlld olvear
1,61MIJ65
lJ84,793

HARROW SCHOOL OF c.}"￿1N.￿STICs (A CompAD) Limited bi. Gu&raDttt)
b:.4R-I-0 31 S'I. ￿l.￿Rc.H 2025
OTES TO THE ACCOLINTS
AecountinE policies
ChArits- informAtioD
Harro￿. School of (i)'mnasiics is a prii'atc limiicd ¢ompon!" b). Guarantcc incorpordtcd in F.ngland and Walcs. '1l)c rcgist¢rcd otricc is 186
ChristchurLh Av¢nu¢. HarroH". Middlcscx. HA3 511D.
Accounting £onv¢ntion
'I'hc aLcounis hal'c bccn prcpar¢d in accordancc ii'ith th¢ charit)'s goi'crning documcnL thc Compani¢sAct 2006 and"Accounting and
R¢porting bj Charlti￿. Stsi¢mcni of Rccommcnd¢d Pro¢1i¥C appli¢abl¢ io chariiics prcparing thcir accounts in accordanc¢ ￿'1[h th¢
'inancial Rcportin8 Sundard applicabl¢ in thc UK ond R¢publi¢ of Ir¢land IFRS 1021-" {os amcndcd for accounting p¢ri￿S CL)mmcncing
from l Januar). 2019). 'Ibc charity. is a Public Ilcncfii F_niiTh" as d¢fin¢d b!. FRS 102.
-lthc accounis arc prcparcd in stcrlino, M'hich is thc fvnLiion81 curr¢nc)' of th¢ chariw. Mon¢tary a mounts in thcsc financial staicmcnts arc
roundcd IL) th¢ n¢arcsi £.
The accounts have been prepared under the histotical cost coniElltion. The principal accounting policies adopted are Set out belom,.
GoiDg coDcern
Ai the lime of approTring the aciounts. the Council of Nlanagement hai'e a reasonable expectaiion that the cliatity lia% adequate re.%ources to
continue in operational existence for the foreseeable full￿t_ Thus the Council of Managemeni iojitijiue to adopt the going coniern basis of
accounting in preparing the aiiounts.
Charitable fuThds
UnrestnLted fun(ts are available for use ai ihe discreiion of ihe trUS￿e$ in furtherance ofihetr charithble objeLiives unless the lunds have
been designated for other purposes.
R¢strict¢d funds arc subjcct to spccifjc conditions bj. donors as to hoiv th¢v ma) bc us¢d. Thc purposcs and uscs of th¢ rcqtrictcd funds arc
sct out in thc not¢s io Ihc accounts.
Incorning re50urce5
Incomc is r¢cognis¢d iN'hcn ihc Lhariti. is lcgalli ¢niitl¢d to il aftcr an!. p¢rfornian¢c condiiions havc bccn mct. th¢ amounts Can bc
mcasurcd T¢liabls', and it is probabl¢ that inLomc i%"ill bc r¢c¢iicd.
Cash dotJation5 art reco8lL15ed on receipt Other donation5 ate recogni5ed once the charity has be£n notified of the donation, unle55
peifoTtnance cot]ditions require defettal of the amount. Incorne recoierable in relation to donations received under Gift Aid is
iecoon15ed at the time of the donation.
Grant incom¢ is rcco8nis¢d on r¢ccipi or othcni'isc if thc charity has bccn n￿]fI¢d of an impcnding distribution. thc amount is knowi, and
rcccipt is cxp¢ct¢d.
Incoming resources are ihe amounis deri￿ed fiom the prO￿.7$10n ofcharitable smices: and Sth￿d after applicable discliunts.
Resources expended
R¢souTLCS cxp¢ndcd. including irrcLON'crablc VAI-. arc aLcounicd for an o¢¢ruals basis C¢rtain Cxpcnditurc is all￿at¢d and apportioncd
bcM'¢cn costs of gcncrating tun(ts and chariiablc cxp¢ndiwr¢ b}. allocaiing costs on a fatr basis. b&scd on a sp¢cific rcvi¢M' of th¢
cxpcnditurc incurrcd
Cost of generating ￿ndS comprises costs iithich are associated iiith raising ￿ndS from all the possible sources of incoming resources.
Support co%ts comprise costs for the administration of the charity_ GoN"ernance costs comprise costs incurred in connection with statutory
requiiemenis. Salary costs have been allocated on the basis of time engaged in each area of actiwity..
13

HARROW SCHOOL OF c.}"￿1N.￿STICs (A CompAD) Limited bi. Gu&raDttt)
b:.4R-I-0 31 S'I. ￿l.￿Rc.H 2025
OTES TO THE ACCOLINTS
T#nEible Fixed.Assets
Tangible Iixed assets are staled ai cosi less aLLumulated depreciation. The cosi of iiems less ihan £1,000 are i*riuen off as an expense as
required. Depreciation is proN'ided at raies calcula*d io wriie off the cost ofeach assei over its expeeied useful life, as follou.s'.
Leasehold Property
Gvin Equipment
Fiytllres and Fittings
2) years
6Y3 years {exiept cojnputer equipinent." 3 yearsl
-lthc gain or loss arising on th¢ disposal of an ossci is d¢i¢rniincd as thc diffcr¢nc¢ bcni'ccn thc salc pro¢¢cds and thc carrying valuc of Ihc
assct. and is rccogniscd in n¢i inLom¢ll¢xwmdiwrc) for th¢ s'car.
Imp#irment orriitd assets
Ai ¢a¥h rcp(Trning Cnd da￿. Ihc Chariti. ru'iciis the carry'ing amounts of its tangtbl¢ &sscts to d¢t¢mtnc iihcth¢r th¢r¢ is an} indication that
thos¢ ass¢ts hav¢ SUff¢￿d an impairmcni loss. If an). such indi¢ation cxists. th¢ r¢¢ov¢rabl¢ amouni of thc ass¢t is cqtimatcd in OTdcT to
dctcmiinc thc cxtcnt of thc impaimcni loss lif anv ).
F.xpcnditurc is allocaicd to cxpcnsc hcadings cithcr on a dircbi ¢osi basis. or apportion¢d a¢Lording to tim¢ sp¢nt. Thc
irrecoNerable element t)( VAT is included ii.ith the item of eM￿nSe io ithich it relaies.
Cash and e#$h equiTralents
Cash and cash equivalents inLlude cash in hand. detxisits held at Lall with banks. other ShOrt-￿mI liquid invesiments ￿1th original
maiuriiies ol-three monihs or less, and bank oveidrafts.
Financial instruments
A financial instrutnent 15 a contract that rise to a financial asset of one entih. and a f]nancial liability 01 equity instrutnent of another
entitv".
The charity has elected to apply the provisions of Section I l -Basic Financial l]kstruments- and Section 12 '0ther Financial Insttu]nents
Issue5, of FRS 102 to all of its financial ii]5ttuments.
Financial in5tTuments att recogni5ed in the charih"'s balance Sheet the chatit%" 1￿COMeS party to the contractual provisions of the
instruTllellt.
Financial assets and liabilitie5 are offset. with the net atnounts piesenled in the financial statements, when there 15 a le8ally enfoiceable
118ht to Set off the recogtLi5ed atnounts and there is an intention to settle on a net basis 01 to realise the asset and settle the liability".
51]nultaneou51)'.
Basic finaDcial a55ets
Basi¢ financial ￿$¢ts. ￿hiCh inLludc d¢biors and lash and bank balan¥CS. ar¢ initiall!. mcasur¢d ai transaction pric¢ including transaction
costs and arc subs¥qucntlN' Larri¢d ai amoniscd ¥osi usino th¢ ¢ff¢¥iii'¢ intcrcsi m¢thod unl¢ss ihc arrangcmcni constituics a financing
transaction, ￿h¢r¢ th¢ tyansaciion is m¢asurcd at th¢ pr¢s¢ni i'aluc of thc futur¢ r¢ccipts discountcd at a mark¢t ratc of int¢rcst. Financial
asscts classificd as rcccivabl¢ within onc i'car arc noi amoniscd
Basic finaDcial liabilitie5
Basic finaniial liabiliii¢s, includino crcditors arc iniiiall!" rccogniscd ai tyansaciion pri¢c w)Icss th¢ arrangcmcni constitutcs a financing
transaction, ￿h¢r¢ th¢ dcbi instrumcni is mcasurcd ai th¢ prcscni Nalu¢ of th¢ fim]rc pa)Thcnts discountcd at a mark¢t rat¢ of intcrcst.
'inancial liabiliiics tylassificd as paTrabl¢ within onc I'car ar¢ noi omortis¢d_
Dcbt instrumcnis arc subscqucntlv carricd ai amortiscd ¢OSL usin? th¢ ¢ff¢aiv¢ int¢r￿ ratc m¢thod.
Trade creditors are obligations io paTr loi goods or sen.ices ihai have been acquired in the ordinarn CLiurse ol-operaiions Ir(nn suppliers.
Amoun(s payable are classilied as curreni liabilities ifpa}Inent is due iiithin one N"eai or less. If n￿, Ihey are preSen￿d as notrLurreni
Iiabililies. Trade ¥reditors are recognised iniliall}" at transaction Priie and 5ub5equenil)" measured ai amortised cosi ubing ihe effeciive
interesi method.
14

HARROW SCHOOL OF c.}"￿1N.￿STICs (A CompAD) Limited bi. Gu&raDttt)
b:.4R-I-0 31 S'I. ￿l.￿Rc.H 2025
OTES TO THE ACCOLINTS
DereeogDition of fiDAntial liAbilities
Financial liabiliiies are dereLognised Mhen the charii). s coniracwal obligaiions eN)ire or are discharged or cancelled.
i.io
.mployee benefits
-lthc cost of an}. unuscd holida). cntiilcmcni is rccogniscd in th¢ t￿0d in ii.hich thc ¢mplo!¢c s s¢rvi¢cs arc r¢ccivcd.
Teminaiion benefits are recognised immediaieli. as an expense ivhen ihe chariTh' is demonstrablN' coMmit￿d to lerni1na￿ the emploiimeni
oran emplovee or io prol'ide iemiinaiiort bertelLIS.
i.ii
Retirement benefits
Paymcnts io dctin¢d coniribution r¢tircm¢ni bcncfit s¢hcm¢s arc chargcd as on ¢xttnsc as fall duc
i.ii
FllDds
The operating reseryes are unrestricted funds iithi£h are aN"ailable for use at the discrdion of the Truste£s in fi￿erance of the general
objeiis of the charity and Mthiih hai'e not been designated for other purposes.
1.12
TaxAtioD
No pro￿lS1On for iaxation ariscs on thc chariiablc a¢tii'iii¢s of thc company.
1.13
Governrnent grant5
Govcmm¢nt grants rcccivcd arc r¢cognis¢d ai ihc fair i'aluc ofthc assci r¢cciv¢d or r¢￿1vabl¢ ￿"h¢n th¢r¢ is rcasDnablc asquranL¢ that th¢
grani Londiii(Trns ii'ill b¢ mci and th¢ grans ii'ill b¢ rc¥cii'¢d. Goi'cmm¢ni grants r¢laiing to r¢i'¢nuc ¢%p¢nditurc arc rccogniqcd in incom¢
on a systcmatic basis ovcr thc pcriods in i%'hich th¢ cniity" rcbogniscs th¢ rcloicd costs for ￿h]Ch ih¢ grant is int¢nd¢d to comp¢nsatc.
Critical accouThtiThg estimates and judgerneDts
In the appliiation of the iharit). 5 aiiouniing policie& the Council of Managejnent are required to make judgements. estimates and
aSsu￿p1ion￿ about the iarri'ing amount of assets and liabiliiies thai are not readil!" apparent from other sourc£s. The estimates ￿ld
asS[￿lated asSu￿PtionS are b￿ed on historical experience and other factors that are considered to be relevant. Actual results Inay differ
from these estimates.
-lthc cstimatcs and und¢rlying assumptions arc rcvi¢Hcd on an ongoing basis. Re￿I510nS io accounting csiimatcs arc r¢cogniscd in thc
pcriod in M'hiLh thc cstimatc is r¢1 iscd ii"h¢rc thc rcvisi¢)n affccts onl!. thai pcriThJ, or in pcriod of th¢ rcvision and futurc pcriods iihcrc
thc rcNision aff£Lts both ¥urr¢ni and fuwrc pcriods.
Critical judgements
-langible fixed wels
Tangible fjxed assets are recorded ai cost less accumulated depreciation and impairment losses Judgement is required to determine
.hether there ate indicators of impairmeni of the ihariiable coinpan). s propenN'. plant and equtpmejii. Factors tak-en into consideration in
reaching such a decision inilude the economic viabilit%" and eNJected future f￿ancial performaTrc£ of the assets.
Key sources of estimation uneert*inty
Tangible fiwed assets
Tangible fixed assets are dep￿ciated oN'er iheii useful I1￿"e5 thking Lnw account residual tralues, Mhere appropriate. The actual lives ofthe
asseis and residual Tralues are assessed annualll" and mai i'an" depending on a number of fa¥tots. In re-assessing assei li*es, faciors such as
teLhnological innovaiit)n. produci lite ii¥les and mainienance programmes are (aken inio aLcouni. Residual Nalue assesbments Clinsider
issues suLh as future markei conditions. Ihe remainirtg life ofihe assei and projected disposal i'alues.
Impairment of debtor bAlaDees
The charitable cotnpan). ttlakes an eStin￿le of the recoverable i.alue of trade and other debtors. When assess￿S unpaiTtnent tnana8etnent
considers factor5 including the agein8 profile of amount due and hisiorical ewience.
15

HARROW SCHOOL OF GTr'ItP*ASTICS {,( Compan!. Limited b!. Guarantee)
I'EAR TO 31ST NI.4RCH 2025
O'I'ES-I-O -I'HL ACCOII)'I'S (continued)
Expenditure
Total
l'ear
ended
31103124
Staff Costs Depreciation
Other
Costs
Total l-ear
ended
3110312)
Raisingfunds
FundTaising Trading- Costs of Good5 Sold
Charilable.4cÉii'iÉie5
44,423
Costs of G￿rnn￿tle Coaching
Scrvicc running costs
Pr¢mis¢s costs
4i8.9i I
42.499
17.787
i19.217
505.610
1.817
li.56)
42,210
69.592
62,671
Suppon L￿￿t5
Governance Costs
89,882
40.598
lJO.479
114.9J8
4.582
4..582
4.760
i60.6iO
58.064
IOi.176
71 j.871
687.979
"I'otal Expenditure
560.6JO
58.0
14J.567
762.261
7J2.402
Other Costs
tiov¢Tnanc¢ Costs includ¢'.
Ind¢p¢nd¢nt F..xamin¢r s Rcmun¢ration tor
accounts pr¢paration and uarnination
4.58?
4.760
Employees
2024
Ernplo)'ment Costs
Wages & Salaries
Social Security Costs
Othcr pcnsion costs
521.487
500.J31
28,596
26.839
10.547
9..101
i60.6iO
i36.470
Thc avcragc numbcr of ￿rsOnS cmplol'cd bi.
thc Charitablc Compan). during thL }'car was..
Number
Number
Trustees
Coaches Imainl). part-time)
Administration
33
34
42
No emplovee earned emoluments olmore Ihan £60.000 during ihe I'edr and prior l'ear.
No reimbursemeni of expenses w'ere made io the"I'iusiees12024- £Nill.
No rcmuncration ￿.?5 madc io Trustccs during thL )"car. nor in thc prior
16

HARROW SCHOOL OF GYMNASTICS (A Company Limiled by Guarantee)
YEAR TO 31ST MARCH 2025
IYOTES TO THE ACCOUNTS (eontinued)
Tangible Fixed Assets
Leasehold
Land &
Buildings
Fixlures,
Fittings &
Other
Equipment
Gvmnasium
Equipment
Total
31103125
Cost
As at l April 2024
Additions
155,444
212,925
1,571
108,128
476,497
1,571
Disposals
As at 31 March 2025
155,444
214,496
108,128
478,068
Depreciation
As at l April 2024
Charged in year
Disposals
As at 31 March 2025
155.443
135,294
42.498
62,271
15,565
353,008
58,063
155,443
177,792
77,836
411,071
Net Book Value
As at 31 March 2024
77,631
45,857
30,292
12J,489
66,997
As at 31 March 2025
Debtors
2025
2024
All due within one year
Trade debtors
7,367
5,831
13.198
44,821
4,242
49,063
Prepayments
Creditors
2025
2024
All due within one year
Fees received in advance
73,818
7,622
6,887
88,327
92,842
12,404
7,854
IlJ,100
Trade and Other Creditors
Taxes & Social Security Cost
17

HARROW SCHOOL OF GTr'ItP*ASTICS {,( Compan!. Limited b!. Guarantee)
I'EAR TO 31ST NI.4RCH 2025
O'I'ES-I-O -I'HL ACCOII)'I'S (continued)
Fund5
a) .4nalysis of Movemtnl
of Fund5
Balanee at
01104r24
Expenditur
Balanee at
31103125
Income
Transfers
Unrestricted Funds
-450.975
917.29?
{76??61)
{76? ?611
1.606.006
Total Funds
1.450.975
917.292
1.606.006
b) Analysis of Net Assets
Tangible
Assets
Curren¢
Current
Assets I.iabilities
Totsl 31m3124
Unrestricted- Invested in Filed Asseis
66.997
66,997
Unrestricted- Free reseNes
-627.)J6
188.J271
1,539,009
"I'otal Funds
66.997
1.6?7.J J6
{88.J271
1.606.006
Financial Commitments
At 31 March 2025. the charitable companl. had annual commitsnenis under a non-cancellable operating lease of its land as
follows=
2024
67.800
90.400
io
Retirement benefit sehemes
ThL charity. O￿ratlS a dLfinLd contribution Ftnsion schcmc for all qualify'ing LJnpIo￿LyS. Thc asscts of thc schcmc arc
hcld scparatcls. from thosc of ihc charity" in an indcFtndcnil!" administL-rcd fund.
"I'he charge io the Statemenl ofFinancial .4ciii"ilies in respeci of defined contribulion schemes i%'as £10.54712024.. £9.JOI I.
li
Cash generated from operations
2024
2023
Surplus for ihe Year
-4djuslmenlsfor.'
InNestment income
Dcprcciation of tangiblc fixcd assets
155.031
189.983
(41.78Jl
i8.063
117.014)
i5.258
Ivol'ements in w'orki￿g capilal.-
Decreasejlincieasel in btock
Dccrcasc/{incrLascl in tradL and othcr dcbtors
(Decreasellincrease in trade and oiher creditors
(6.843)
i5.86)
124,77J)
1450}
44.198
9,506
Cash generated froml(absorbed b).) operations
17i.560
281.481
12
Related party. transaction5
Th¢r¢ ￿'¢re no r¢lat¢d parti. transactions in th¢ !"¢ar. {2024- Non¢)
18