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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|
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|||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|
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|||||||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|
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|||||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|
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|||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|
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||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)|
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||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|
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|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|
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|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|
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|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|
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||||||||||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|||||
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|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|
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|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|
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|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|
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|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|
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|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|
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|||. .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.|||
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