2023-03-31-accounts - Harrow Club

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		Page
Company Information
Report ofthe Trustees		2 to 10
Report ofthe Independent	Auditors	11 to 14
Statement of Financial Activities
Statement of Financial Position		16
Statement ofCash Flows		17
Notes to the Statement of	Cash Flows	18
Notes to the Financial Statements		19 to27

		COMPANY INFORMATION
TRUSTEES
Philippe Chappatte	—Chair
Tim Dalton
Leanda Fauset
Kevin Gilbert
Chris Martin
Rosalind Oxley
Charlotte Rossan
Tom Stoddart-Scott
Alexander Trotter
Katie Walker
Micah Watkis
JOINT CEOS
Michael Defoe
Ed Simpson
COMPANY SECRETARY
Rosalind Oxley
CHARITY NO
1054757
COMPANY NO
03161792
CHARITY OFFICESAND		REGISTERED ADDRESS
Harrow Club
187Freston Road
London
W10 6TH
		SAFEGUARDING

						2023	2022
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes	E	E		E
INCOME AND ENDOWMENTS		FROM
Donations and legacies			2	636,444	796,865	1,433,309	1,454,777
Charitable activities
Sub-letting income				74,855		74,855	81,242
Investment income				3,031		3,031	34
Total				714,330	796,865	1,511,195	1,536,053
EXPENDITURE ON
Raising funds				70,458	40,000	110,458	40,207
Charitable activities
Youth programme				189,131	742,551	931,682	903,467
Support costs				361,128		361,128	486,591
Laptop Appeal							4,786
Total				620,717	782,551	1,403,268	1,435,051
NET INCOME Transfers between	funds		16	93,613 ~4,070)	14,314 4,070	107,927	101,002
Net movement in funds				89,543	18,384	107,927	101,002
RECONCILIATION	OF FUNDS
Total funds brought	forward			725,018	121,077	846,095	745,093
TOTAL FUNDS CARRIED FORWARD				814,561	139,461	954,022	846,095

				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	F	E	E	E
FIXEDASSETS
Tangible assets	12	78,111		78,111	106,300
CURRENT ASSETS
Debtors	13	39,084		39,084	116,779
Cash at bank		836,955	139,461	976,416	706,547
		876,039	139,461	1,015,500	823,326
CREDITORS
Amounts falling due within one year	14	(139,589)		(139,589)	(83,531)
NET CURRENT ASSETS		736,450	139,461	875,911	739,795
TOTAL ASSETSLESSCURRENT
LIABILITIES		814,561	139,461	954,022	846,095
NET ASSETS		814,561	139,461	954,022	846,095
FUNDS	16
Unrestricted funds				814,561	725,018
Restricted funds				139,461	121,077
TOTAL FUNDS				954,022	846,095

		FOR T	HE YEAR ENDED	31 MARCH 2023
				2023	2022
			Notes	E	E
Cash flows from	operating	activities
Cash generated from operations			1	266,838	~99,798)
Net cash provided by/(used		in) operating	activities	266,838	~99,796)
Cash flows from	investing	activities
Purchase oftangible fixed assets					(69,910)
Interest received				3,031	34
Net cash provided	by/(used	in) investing	activities	3,031	~69,876)
Change in cash	and cash	equivalents
in the reporting period Cash and cash equivalents		at the		269,869	(169,674)
beginning ofthe	reporting	period		706,547	876,221
Cash and cash equivalents		at the end
ofthe reporting	period			976,416	706,547

	FOR THE YEAR ENDED 31 MARCH 2023	FOR THE YEAR ENDED 31 MARCH 2023
RECONCILIATION	OF NET INCOME TO NET CASH FLOW FROM		OPERATING ACTIVITIES
			2023	2022
			F	F
Net income for the	reporting	period (as per the Statement of
Financial Activities)			107,927	101,002
Adjustments for:
Depreciation charges			28,189	19,398
Interest received Decrease/(increase) Increase/(decrease)	in debtors in creditors		(3,031) 77,695 56,058	(34) (83,122) ~137,042
Net cash provided	by/(used	in) operations	266,838	~99,799)

	At 1/4/22	Cash flow	At 31/3/23
	E
Net cash
Cash at bank	706,547	269,869	976,416
	706,547	269,869	976,416
Total	706,547	269,869	976,416

Tangible fixed assets	Tangible fixed assets
Depreciation is provided		at the following	annual	rates	in order to write off	each asset over its estimated
useful life.
Leasehold	improvements				10 years straight line
Fixtures 8	fittings				25% reducing	balance
Motor vehicles					25%straight line
Computer	equipment				25% reducing	balance

DONATIO	NS AND LEGACI	ES
			2023	2022
				F
Grants			910,093	1,079,544
Donations			523,216	375,233
			1,433,309	1,454,777
Donations	received, included	in the above, are as follows:-
			2023	2022
				F
Winter Big	Give		85,206	106,315
Summer Big Give			104,726	99,008
Harrow School - Long Ducker			46,337	29,000
Fundraising	dinner		151,596
Donation of Minibus - Leus Family Foundation				27,000
Leathersellers			25,000
Gift Aid			3,480	3,165
Fee income			238	9,720
Training income			6,682	41,595
Pembridge	Hall parents		8,000
Gosling Foundation			15,000
Other donations			76 951	59,430
			523216	375233

Grants received, incl	ud	ed		in t	he ab	ove, ar	e as follows:
								2023	2022
								E	E
Harrow Mission								165,000	165,000
John Lyon's Charity								60,000	30,000
Royal Borough of Kensington					8 Chelsea			131,764	219,620
London Borough of Hammersmith						8 Fulham		272,371	188,256
Hammersmith United	Charities							7,500	1,978
Kensington 8 Chelsea		Foundation						65,750	31,846
Garfield Weston Foundation								15,000
The London Community			Foundation					17,352	13,512
Greater London Authority								6,769	47,268
Grove Trust								30,000
Jack Petchey								600	907
Dr Edwards 8 Bishop	King							3,400	6,107
Paddington Development				Trust					4,645
National Foundation	For		Youth						9,797
Church Urban Fund								5,000
Other								4,000	10,100
Lightbulb Trust								8,248	25,000
Addison Youth								15,000	8,248
Trusthouse Charitable		Foundation						13,443	9,244
Kusuma Trust									9,784
Government support	- furlough				income				7,661
Let Me Play								30,840	29,900
Kickstart - government		funding						17,316	152,331
Chelsea Theatre									8,340
Harrow Mission —heating				system grant					80,000
Harrow Mission - Community					Engagement		post grant		20,000
London Sports Trust								2,650
Shaftesbury Enterprise								5,000
Haberdasher's Benevolent				Foundation				5,000
The Daisy Trust								3,000
Ealing Council								1,980
Young K8 C								23,110
								910,093	1,079,544
INVESTMENT INCOME
								2023	2022
								E	E
Deposit account interest								3,031	34

									2023	2022
					Activity					E
					Sub-letting		income		74,855	81,242
5.	RAISING FUNDS
	Raising	donations	and	legacies
									2023	2022
									E	E
	Fundraising event costs								110,458	40,207
6.	CHARITABLE ACTIVITIES				COSTS
									Support
								Direct	costs (see
								Costs	note 7)	Totals
								E
	Youth programme							931,682		931,682
	Support	costs						356,628	4,500	361,128
								1,288,310	4,500	1,292,810
7.	SUPPORT COSTS
										Governance
										costs
	Support	costs								4,500
8.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)			is	stated after		charging/(crediting):
									2023	2022
									E	E
	Auditors'	remuneration							4,500	3,700
	Depreciation -owned		assets						28,189	19,398
9.	TRUSTEES' REMUNERATION					AND BENEFITS

STAFF COSTS
	2023	'2022
	E
Wages and salaries	682,260	782,005
Social security costs	52,677	48,436..
Other pension costs	7,002	8;026
	741.,939	838,467

Analysis ofsupport co	sts-
		2023		2022
		E		.E
.Premises/depreciation	costs	1.25,607	..	119,15.7
Office costs		57,668		47,337
Staff training/recruitment		17,818		4,431
Staff costs Professional fees		119,312 28;342		250,542 "41,198
Other		12381		46426
		361 128		509091

TANGIBLE FIXEDA	SS	E	TS
					Fixtures
			Leasehold		and		Motor		Computer		.
			improvements E		fittings		vehicles F		equipment F. . .			Totals F
COST
At 1 April 2022 and
31 March 2023			222,633		123,419		69,164		51,726			466,942
DEPRECIATION
At 1 April 2022			150,305		123,419		35,192		51,726			360,642
Charge for year			15,291				12,898					28,188
At 31 March 2023			165,596		123,419		48,090		51,726			388,831
NET BOOK VALUE
At 31 March 2023			57,037				21,074					78,111
At 31 March 2022			72,328				33,972					106,300
DEBTORS:AMOUNTS		FALLING		DUE WITHIN ONE YEAR
									2023			2022
												E
Trade debtors									5,111			91,787
Prepayments and accrued			income						33,973			24,992
									39,084			116,779
CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
									2023			2022
									E
Trade creditors									375			2,759
Accruals and deferred	income								139,214			80,772
									139,589			83,531
Included above is deferred			income	off120,409	(2022 259,658		which	will all be released				in 2023/2024
LEASING AGREEMENTS
Minimum lease payments			under non-cancellable		operating	leases fall		due as follows:
									2023			2022
												E
Within one year									10,000			10,000
Between one and five	years								50,000			50,000
In more than five years									380,000"	-.		390,000
									440,000	-		450,000

MOVEMENT IN FUNDS
		Net	Transfers
		movement	between	At
	At 1/4/22	in funds	funds	31/3/23
		. E	E
Unrestricted funds
General fund	225,018	93,613	29,070	289,561
Charitable activity programmes	200,000			200,000
Contingency fund	300,000		25,000	325,000
Restricted funds	725,018	93,613	(4,070)	814,561
Youth programme	119,457	14,314	4,070	137,841
Laptop Appeal	1,620			1,620
	121,077	14,314	4,070	139,461
TOTAL FUNDS	846,095	107,927		954,022

Net movemen	t in funds, included in the	above are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
		E	F	E
Unrestricted	funds
General fund		714,330	(620,717)	93,613
Restricted funds
Youth programme Fundraisers post		756,865 40,000	(742,551) ~40,000)	14,314
		796,865	782,551	14,314
TOTAL FUNDS		1,511,195	~1,403,266)	107,927

		. .Net .	Transfers
		movement	between	At
	At 1/4/21	in funds	funds	31/3/22
		E	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	(24,411)	117,147	725,018
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

Comparative net mov	ement in funds,	included in the above are as follow	s:
		Incoming	Resources	Movement
		resources	expended	in funds
		E	E	F
Unrestricted funds
General fund		435,297	(459,708)	(24,411)
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 Heating System grant		27,000 80,000	~37,090)	27,000 42,910
		1,100,756	~975,343	125,413
TOTAL FUNDS		1,536,053	~1,435,051)	101,002
Designated Funds
Details ofdesignated	funds are given	in the Trustees report on page 5.