2022-03-31-accounts - Harrow Club

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Company Information
Report ofthe Trustees		2 to	B
Report ofthe Independent	Auditors	9 to	12
Statement ofFinancial Activities		13
Statement ofFinancial Position		14
Statement ofCash Flows		15
Notes tothe Statement of	Cash Flows	16
Notes tothe Financial Statements		17 to27

					2022	2021
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes	f	f	f	f
INCOME AND ENDOWMENTS	FROM
Donations and legacies		2	354021	1100756	1454 777	1373573
Charitable activities
Sub-letting income			81,242		81,242	9,930
Investment income			34		34	91
Total			435,297	1,100,756	1,536,053	1,383,594
EXPENDITURE ON
Raising funds		5	10,207	30,000	40,207	46,509
Charitable activities
Youth programme				893,683	893,683	521,599
Debate Boxprogramme				9,784	9,784	14,946
Support costs			449,501	37,090	486,591	478,598
Laptop Appeal				4,786	4,786	47,697
Total			459,708	975,343	1,435,051	1,109,349
NET INCOME/(EXPENDITURE)			(24,411)	125,413	101,002	274,245
Transfers between funds		16	117,147	(117,147)
Net movement in funds			92,736	8,266	101,002	274,245
RECONCILIATION OF FUNDS
Total funds brought forward			632,282	112,811	745,093	470,848
TOTAL FUNDS CARRIED FORWARD			725,D18	121,D77	8 I8,995	745,993

				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	E	E	E	E
FIXEDASSETS
Tangible assets	12	106300		106300	55788
CURRENT ASSETS
Debtors	13	116,779		116,779	33,657
Cash at bank		585,470	121,077	706,547	876,221
		702,249	121,077	823,326	909,878
CREDITORS
Amounts falling due within one year	14	(83,531)		(83,531)	(220,573)
NET CURRENT ASSETS		618,718	121,077	739,795	689,305
TOTAL ASSETSLESSCURRENT LIABILITIES		725,018	121,077	846,095	745,093
NET ASSETS		725,018	121,077	846,095	745,093
FUNDS	16
Unrestricted funds				725,018	632,282
Restricted funds				121,077	112,811
TOTAL FUNDS				846,095	745,093

				2022	2021
			Notes	f	E
Cash flows from operating	activities
Cash generated from operations			1	(99,798)	372,806
Net cash (used in)/provided	by operating		activities	(99,798)	372,806
Cash flows from investing	activities
Purchase oftangible fixed	assets			(69,910)
Interest received				34	91
Net cash (used in)/provided	by investing		activities	(69,876)	91
Change in cash and cash equivalents		in
the reporting period				(169,674)	372,897
Cash and cash equivalents	at the
beginning ofthe reporting	period			876,221	503,324
Cash and cash equivalents	at the end
ofthe reporting period	2			706,547	876,221

RECONCILIATION	OF NET INCOME TO NET CASH	OF NET INCOME TO NET CASH	FLOW FROM OPERATING	ACTIVITIES
				2022	2021
				E	E
Net income forthe reporting		period (as per the Statement of
Financial Activities)				101,002	274,245
Adjustments for:
Depreciation charges				19,398	17,150
Interest received				(34)	(91)
(Increase)/decrease	in debtors			(83,122)	10,339
(Decrease)/increase	in creditors			(137,042)	71,163
Net cash (used in)/provided		dy operations		(99,798)	372,806
ANALYSIS OF CHANGES IN NET FUNDS
			At 1/4/2021	Cash flow	At 31/3/2022
				f	E
Net cash
Cash at bank			876,221	(169,674)	706,547

Leasehold	improvements	10years straight	line
Fixtures Ik	fittings	25% straight	line
Motor vehicles		2596straight	line
Computer	equipment	25/o straight	line

DONATIO	N	S AND LEGACIES
				2022	2021
				E	E
Grants				1,079,544	1,004,310
Donations				375,233	369,263
				1,454,777	1,373,573
Donations		received, included	in the above, are as follows:-
				2022	2021
				E	E
Winter Big		Give		106,315	108,381
Summer	Big Give			99,008	67,787
Harrow School - Long Docker				29,000	33,500
Donation	of Mini Bus —Leus		Family Foundation	27,000
Gift Aid				3,165	6,250
Fee income				9,720	73,457
Training income				41,595
Laptop Appeal					54,103
Other donations				59430	25785
				375 233	369263

				2022	2021
				E	E
Harrow Mission				165,000	163,750
John Lyon's Charity				30,000	50,500
Royal Borough of Kensington Ik Chelsea				219,620	199,131
London Borough of Hammersmith		Ik Fulham		188,256	133,950
BBCChildren in Need					38,158
Hammersmith United	Charities			1,978	2,150
Kensington &Chelsea	Foundation			31,846	88,595
Westway Community	Trust				2,341
The London Community Foundation				13,512	14,692
Big Lottery					32,840
Greater London Authority				47,268	43,339
Jack Petchey				907	1
Dr Edwards Ik Bishop	King			6,107	5,543
Paddington Development Trust				4,645
National Foundation	For Youth			9,797	8,718
The Gate Theatre					2,817
Other				10,100	108
Lightbulb Trust				25,000	25,000
Addison Youth				8,248
Trusthouse Charitable	Foundation			9,244
Kusuma Trust				9,784	13,328
Government support	- furlough	income		7,661	166,189
Harrow Mission - electrical work		grant			13,160
Let Me Play				29,900
Kickstart - Government funding				152,331
Chelsea Theatre				8,340
Harrow Mission - heating system		grant		80,000
Harrow Mission - Community Engagement			post grant	20,000
				1,079,544	1,0D4,310

	NOTES TO THE FINANCIAL ST FOR THE YEAR ENDED	NOTES TO THE FINANCIAL ST FOR THE YEAR ENDED	ATEMENTS - continued 31MARCH 2022
3.	INVESTMENT INCOME
				2022	2021
				f
	Deposit account interest			34	91
4.	INCOME FROM CHARITABLE ACTIVITIES
				2022	2021
				f	f
	Sub-letting income			81,242	9,930
5.	RAISING FUNDS
	Raising donations	and legacies
				2022	2021
				f	f
	Fundra ising event	costs		40,207	46,509
6.	CHARITABLE ACTIVITIES COSTS
				Support
			Direct	costs (see
			Costs f	note 7) E	Total f
	Youth programme		893,683		893,683
	Debate Boxprogramme		9,784		9,784
	Support costs		482,891	3,700	486,591
	Laptop Appeal		4,786		4,786
			1,391,144	3,700	1,394,844

					Governance
					costs
					E
Support	costs				3,700
NET INCOME/(EXPENDITURE)
Net income/(expenditure)			is stated after charging/(crediting):
				2022	2021
				E	f
Auditors'	remuneration			3,700	3,500
Depreciation		—owned assets		19,398	17,150

STAFF	COSTS
		2022	2021
		f
Wages	and salaries	782,005	504,192
Social	security costs	48,436	34,900
Other	pension costs	8,026	7,737
		838,467	546,829

		2022	2021
Full	time	6	6

		2022	2021
		E	E
Premises costs		119,157	109,579
Office costs		47,337	47,730
Stafftraining/recruitment		4,431	1,075
Staffcosts		250,542	216,210
Professional	fees	41,198	29,764
Other		23926	74 240
		486591	478 598

TANGIBLE FIXEDASSET	S
		Fixtures
	Leasehold	and	Motor	Computer
	improvements	fittings	vehicles	equipment	Totals
	E	E	E	E	E
COST
At 1April 2021	179,723	123,419	42,164	51,726	397,032
Additions	42,910		27,000		69,910
At 31March 2022	222,633	123,419	69,164	51,726	466,942
DEPRECIATION
At 1April 2021	139,305	123,419	26,794	51,726	341,244
Charge for year	11,000		8,398		19,398
At 31March 2022	150,305	123,419	35,192	51,726	360,642
NET BOOK VALUE
At 31March 2022	72,328		33,972		106,300
At 31March 2021	40,418		15,370		55,788

					2022	2021
					E	E
	Trade debtors				91,787	24,327
	Prepayments	and accrued income			24,992	9,330
					116,779	33,657
14.	CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
					2022	2021
					E	E
	Trade creditors				2,759	63,129
	Accruals and	deferred	income		80,772	157,444
					83,531	220,573

	2022	2021
	E	f
Within one year	10,000	10,000
Between one and five years	50,000	50,000
In more than five years	390,000	400,000
	450,000	460,000

MOVEMENT IN FUNDS
		Net	Transfers
		movement	between	At
	At 1/4/21	in funds	funds	31/3/22
	E	E	f	E
Unrestricted funds
General fund	182,282	(24,411)	67,147	225,018
Charitable activity programmes	200,000			200,000
Contingency fund	250,000		50,000	300,000
	632 282	24411	117147	725018
Restricted funds
Youth programme	106,405	60,289	(47,237)	119,457
Laptop Appeal	6,406	(4,786)		1,620
Mini Bus donation		27,000	(27,000)
Heating System grant		42,910	(42,910)
	112,811	125,413	(117,147)	121,077
TOTAL FUNDS	745,093	101,002		846,095

	Incoming	Resources	Movement
	resources	expended	in funds
	E	E	E
Unrestricted funds
General fund	435 297	~459708	~24411
Restricted funds
Youth programme	953,972	(893,683)	60,289
Debate box programme	9,784	(9,784)
Fundraisers post	30,000	(30,000)
Laptop Appeal		(4,786)	(4,786)
Mini Bus donation	27,000		27,000
Heating System grant	80,000	(37,090)	42,910
	1,100,756	(975,343)	125,413
TOTAL FUNDS	1,536,053	{1,455,051I	101,002

			Net	Transfers
			movement	between	At
		At 1/4/20	in funds	funds	31/3/21
		E	f	E	E
Unrestricted	funds
General fund		105,109	183,173	(106,000)	182,282
Charitable activity programmes		194,000		6,000	200,000
Contingency	fund	150,000		100,000	250,000
		449 109	183 173		632 282
Restdcted funds
Youth programme		21,739	84,666		106,405
Laptop Appeal			6,406		6,406
		21,739	91,072		112,811
TOTALFUNDS		470,848	274,245		745,093

	Incoming	Resources	Movement
	resources	expended	in funds
	f	E	f
Unrestricted funds
General fund	~668280	485 107	183 173
Restricted funds
Youth programme	606,265	(521,599)	84,666
Debate box programme	14,946	(14,946)
Fundraisers post	40,000	(40,000)
Laptop Appeal	54,103	(47,697)	6,406
	715,314	(624,242)	91,072
TOTAL FUNDS	1,383,594	(1,109,349)	274,245

		Net	Transfers
		movement	between	At
	At 1/4/20	in funds	funds	31/3/22
	E	f	f	E
Unrestricted funds
General fund	105,109	158,762	(38,863)	255,018
Charitable activity programmes	194,000		6,000	200,000
Contingency fund	150,000		150,000	300,000
	449 109	158762	117147	725018
Restricted funds
Youth programme	21,739	144,955	(47,237)	119,457
Laptop Appeal		1,620		1,620
Mini Bus donation		27,000	(27,000)
Heating System grant		42,910	(42,910)
	21,739	216,485	(117,147)	121,077
TOTAL FUNDS	470,848	375,247		846,095

	Incoming	Resources	Movement
	resources	expended	in funds
	f.	f	E
Unrestricted funds
General fund	1103577	~944815	158762
Restricted funds
Youth programme	1,560,237	(1,415,282)	144,955
Debate box programme	24,730	(24,730)
Fundraisers post	70,000	(70,000)
Laptop Appeal	54,103	(52,483)	1,620
Mini Bus donation	27,000		27,000
Heating System grant	80,000	(37,090)	42,910
	1,816,070	(1,599,585)	216,485
TOTAL FUNDS	2,919,647	(2,544,400)	375,247