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2024-06-30-accounts

Charity rngi*htion number 1129290 (England Ind Walo¥} Company r9918tr4tlon numb•r 06054333 HARMONY YOUTH PROJECT ANNUAL REPORT AND uNAuD￿ED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

HARMONYYOUTH PROJECT LEGAL AND ADMINISTRATIVE INFORMATION Truit••# Miss R Crowe Mr l Read Mr J Hynes Mr S Ateha MrA B Pemborton Miss L Elcock Charfty n￿nbor IEngl4nd and 1129290 Company numl)er 06054333 R•ghtsmd offi¢• 101b Bradshwete Bcllon Independent examln•r BadowAndrews LLP Car￿e House 78 Chorty New Road Bclton

HARMONY YOUTH PROJECT CONTENTS Pag• Trustees, report 1ndl￿n￿OnI wmlneff$ Rport Statem•nl of finanrial aclimties 8818nce sheet Notes to the finanoal statements 6-13 Chairman's Report 14- 15

HARMONY YOUTH PROJECT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 JUNE 2024 The trustees presenttheir annual report and financial statemènts for Ihè yèar ènded 30 June 2024. The fin8nfi81 stslements have been prepared in accordan￿ wrth thg accountlng policies set out in note one to ttbe financial 5tatementB arKI compty with chariV$ MÈmorBndum and Articlgs of Association, the Companies Act 2006 and "Ar£ounling and Reportlng by Charitses= Statement of Recommended Pra¢b"cè applicable to charities preparing their accounts in accordance wlh Ihe Finaniyal ReportSng Standard 8pplicable in the UK and Republic of Ireland IFRS 1021 {eifeclive 1 January 2019}" Objoctlv•s and actlvltl•s Th9 Oblective of the charrty is to provide suprJ)rt through rnedia projects to disadvantaged children In Bolton gn¢J the surrounding areas. Each year the trustees revièw the oblectfves and adivltles of the tharity to ensurè th81 they continue to reflect our aims and lo provide public beneffl. In Setting thesè our trustees have glven carelul ¢on$Ml8ration lo the Charity Commission's 98noral guidanc8. The charity conllnues to pro￿de support lo dlsadvantsggd young poople through g(luCatSo￿tra￿Th￿ng, amateur sport and other vaiious se55ions that are pro￿de<l lo the young pwle. Public benefft The truslee8 have a duty lo ensure that th& a¢tNities of the Lathy ￿ntInue lo provide a public benefit. They org more than satisfied that by CZTrying ￿t the above 8dMlltrs the ¢h8rity ¢onlinue$ to prowde public benefrt. The trusl8as have paid due regard lo guidance issued by t￿ Charity Commi88ion in deciding what a¢#lvlUes the Charity $hould undertake. Achi￿¢M•nts and ￿rf0MlanCa Signn7cant actniilies and achievements against obiectives Hamiony Youth Project has made significant stn'des th1$ year, ¢onlnulng lo support young peop￿ and famili¢$ fa¢ing challenge5 in Bolton. We SLWa8sfUl￿ delivered mulliplp wmrnunity-focused inilialNes, induding arts, musi¢. gnd youth engagem8nl projects, which f051ered c¥ealivty, (￿lIUral integration, and racial hamiony. Notable 8chlevemènts included a dimate change art exhibTtion and the launch of a housing rights programme lo addfess youth homalassnass. Our food bank and rgferral servKe5 expanded lo meet the growlng demand from farnilies in hardship. We al$0 strengthèngd partnerships with local organisalions lo tackle serious youth vidence ar￿ provhle 8UPPOrt for dlsadvantaged chllt1r8n. Through these efforts. we reathed a wider aud19r￿, empow8ring individuals and building stronger communf(y li¥$. Th$ ¢harty has Ihm part tim• staff as well as the empkjyment ol session workeTS fvnd8d by th8 grants that are p￿ded by local authoriti'es and other instriutions. The charity has r•C&l￿d income of £121,507 (2023.. £142,357) and spent a lolal of £117.384 12023.. £137,789) resulting in a nel Surplus of £4,123 (2023.. £4.568). Financial revlèw The resuAs of the charivs actiwties are shown in the Statement of Flnancial Activities on page 4 of the accounts, showing nel income of £4.123 across all funds. Un￿$t￿￿ted funds carried forward al ye8r end t¢)tslled £24,244 and restn'cied funds w¢re £21,599. The charty has cash and bank account lunds avaSlable of£27,039 an Increase from £11.S01 in the prior year. The charitvs re$6m policy is detailèd bel¢)w and hold8 frge reserves of£5.44012023'. £11,501). R8sgtyes policy It is the policy of the chBrty that unrestricted funds which have not been de$ign8ted for a specrfic us8 should bè maintained al a ￿Ve1 equivalent 10 Six month's operating expendiiure. The truBtee8 consider that re$eN9$ at this level wlll ensure that, in the everrt of a significant drop in funding, they wll ￿ able lo continue the char￿5 current activities while consid0rat￿n is givgn lo ways In wh￿h additional fvnd5 may be raised. On 0￿810n$ our reserves may be below th Stat￿ figur•, wh8re fundin9 is pending into the Harmony accounts.

HARMONYYOUTH PROJECT TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 MaJoriisk$ The tnJst•os have assessed the major risks lo which the charty 15 exposed, and are Satis￿ that $yslem3 are in placg to mitlgole expo¥uie to the major risks. Pl•n8 for lutur¢ ￿￿0d8 The tharity will continue lo be supported by the grant makers and donors who have fund￿ the ¢harTWs activ￿83 thus far and will ￿ntinUe lo work with disadv8ntaggd young pgople auoss Bolton and Greater Manchester to help lo improve the liv•$ ol th0￿ in n•8d. stwctur•. governance and management Ham)ony Youth Project is a registered charity and a cornpany limited by guarantee and is governed by fts Memorandum and Artidès of Association. Thè company was In￿rporated on the 16 January 20D7. Dedar8Uon of trust dalgd 16 January 2007. Th& charity is an inwporation assorAation. The tru3lee8. who are a150 the dirBCtor3 for the purFX)se of ￿mpanY1&W, and who 8eryed during the year ond up lo thé date of signature ofthe financial slatsments were". Miss R Crowe Mr l Read MrJ Hynes Mr S Alcha MrA B Pemberton Miss L Elcock Rgcwitm•nt and apwnfn￿nl oft￿St8&S Any new Iruslees are appointsd by Iho trxisting trLK%l••s ol th• ¢harity Subjact lo the necessary background ￿kS being undertaken. Thè trustees, reporlwas approved by the Board of Trustee8. Mr J Hynes Trusts6 24 January 2025

HARMONY YOUTH PROJECT INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HARMONYYOUTH PROJECT I report lo Ihe trusteos on my examingbon of Ihe ffinanGial statements of Harnony Youth Prlect (tha charity } for the ygar end￿ 30 Jung 2024. R•sponslbllltlo# and bas1$ of rnport As the Iruslees of the charity land also ils dirertors for the purposes of company lawl, you are rèsponsible for Ihe preparation ()f th& financial $lat•m8nl$ in accordan￿ with the requir&manls of th8 CompaniesAct 2006. Having satisfied my5eW that the financjal statements of the charity are not required lo be audited under Part 16 of the Companie5 Act 2006 and are eligible for independent examination, I report in respect of my èxamination of the charity's financial slaternents carried out under section 145 olthe CharilièsAd 2011. In carying out my examSnaO¢n I have followed the Directions given by the Charity Commission under section 145151(bl gf the Charities Act 2011. Ind•p•nd•nt •xamln•ff• $tat•mont I havo completed rny examination. I confim) that no mattèrs have corne to my attent￿ in ￿nnectIOn vAlh the èxamlnallon giving me rAusg lo ￿lIeVe that in any material Tesped.. ac￿Unting records were not kept in Tesped of the tharty as required by section 386 of the Compani69 Act 2006. the financial slalements do not J￿rd with thosè rècords., or the finandal stslemenls do not ¢omply wkh the a¢¢ounting raquirem8nls of se¢tlon 398 of the Compani•s Act 2006 other than any requirement Ih81 the financial $18tOm8nls giv8 8 trua and fair ￿ew, which is not a matter con5id8¥ed as part of an independent examination., or the fin8n¢ial $latemenl$ have not been prepared in accordanco wrth th& methods and principles of Ihe Slalemenl of Recommended Pra¢tic8 for accounting and reporting by charrtles applicable to charits•s prep¥ring Ih$ir finanual slalaments in accordance with thè Finandal Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). I havg no GOn￿mS and have corne across no olher rnatters in connection with the examlnallon lo which attention should bè drawn in this report in orderto enable a proper understsnding of the Ilnancial stalemants lo be reathed. Philip Riding FGI BarfowAndrews LLP Cadyle House 78 Chort&y Road Bolton 24 Janugry 2025

HARMONY YOUTH PROJECT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2024 Unr•strict•d Restiicted funds funds 2024 2024 Totsl Unr•strl¢l¢d Rejtrictod funds funds funds 2024 2023 2023 Total funds 2023 NotgB Income from: Donalitsns and grants Other income Inveslmenls 26,172 95.129 121,301 31.787 15,499 95,071 126.858 15.499 206 Totsl in¢om• 26.378 95,129 121,507 47,286 95,071 142,357 ExpgnditUT• on: Charitablg acllvlUo$ 43,854 73,530 117.384 42,718 95,071 137.789 Total expendliu 43,854 73.530 117.384 42,718 95,071 137,789 N•t Inet)mel{eyndlturel and mov•m•nt In funds {17.4761 21.$99 4.123 4,568 4,568 Reconclllatlon of fund: Fund balahrs at 1 Juty 2023 40,520 40,520 35,952 35,952 Fund balanc￿ at 30 Jun• 2024 23,044 21,599 44,643 40,520 40,520 The statement of financial 8cbvit￿s indudes all gains and108898 reco9ni3ed in year. AJI income and expendf(ure derfve from conlinulng activities.

HARMONY YOUTH PROJECT BALANCE SHEET ASAT30JUNE2024 2024 2023 Notes Flx•d a8SOts TangitAe assets 11 18.804 29.019 Curygnt assets Cash at bank and In hand 27.039 11.501 Creditors: amounts falllng due wlthln one yoar 12 11,2001 Net ¢unent a￿ets 25,B39 11.501 Total as¥•ts I￿5 currEnt liabilitie• 44.643 40,520 The fvnds Of th• Charity Restricted income fiJnd5 Unrestricted fvnds 13 14 21,599 23.044 40,520 44.643 40.520 The company is gnlMg¢J to Ihg oxemption from tha audit requirement Contair￿d in se(ion 477 of Ihg Compan195AL# 20C6. for the y#8r onded 30 June 2024. The dlr8¢tors acknowledge their re8ponsibilib"¢s ftsr complying wrfh the requiramonts of thè Cornpanie8 Act 20( with ￿sPeCt to accounltng Teccfds and the preparation of ffinancial stslwignls. The members have not requlTed the wnpany to obtain on audit of it8 financial 8talemenls for the year In question in accordance vrith section 476. These financial statements have teen prepared In ac¢￿￿ne￿ wlth the provlsKn$ apF41¢ablo to ¢ompanie8 8ubjeca to Ihe small companies regime. The fin8ncSal ststgm8nls were approved by the trustees on 24 January 2025 r J Hynes Trusts• Company regi51ration number (￿$4333 (England and Walos)

HARMONY YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 A¢¢ounllng pollcSe8 Charfty Infornwtlon Harmony Youth Projecl is a charity established under a trust d•ad. The registsred office is 101b Bradshawgats. Bolion. 1.1 A¢¢ountlng ¢onventlon Thg financial statements have been prepared in a¢cordance wlth tha ch8rlty'$ goveming document. Ihe Companles AGt 2006, FRS 102 'The Financial Reporting Stsndard applicabk in the UK and Republic of Ir&l•nd and the Charibes SORP "Accounting and Reporting by Charilie$'. Slalernenl of Recommended Practl¢e appli¢ablè to ch8ribes preparing their accounts in accordancè with thè Financial Reporting Standard applicabh in thè UK and Rapubllc of Iraland {FRS 102)", The charity is a Public Benefit Entlty as definad by FRS 102. The charity has taken advantage of tho provi$ion$ in Iha SORP for charities not to pr•parg a slalemenl of cash flows. Th¥ fnancial statements are prepared in sterfing, which is the fvndional curren￿ of the charity. Monetary amounts in these financial statements are rounded lo th& nea￿$1 £. The finan￿al statements have bettn prfjparèd under the histonc*l cost convention. 1.2 Golng concorn Al the lime of apyowng the finan￿al $ts10rngrsls, the lJuslees have a reasonable expeGtatlon Ihal Ihg chanty has adequate resources lo ¢onlinuo in opèrational existence for the foreseeable fijture. Thus the Iru$tee$ continue lo adopt the going concem basls of a￿UntIng in preparing the finanual ststemenls. 1.3 Charitsble fund# Unr¥$trictéd funds ar8 avaiLabl8 for uso at the dig(¥etvJn of the trusle•s in furtherance of their tharitable oblècbves. R•slrid•d funds ar8 subj'ect lo specific condit￿￿ by dontys or grantors as to how they may be used. Th purpo$e¥ and uses of the restricted fijnds are set out in the notes lo the fin8nclal 8talem6nl8. IA Incom• Income is recogni$&d wh•n thè charity is18gally an(￿ed to it after any perfornance condibons hava b8en m&1, the amounts Can be measurèd reliably. and it is probable that income will b8 received. Cash donations ar• rècognis8d on r8C8ipI. Other donations are recognised once the charity has baen notffied ol the donation, unless perforniance conditions require deferral of the amount. Incorne tax recoverable In relation to donallons rocelvod und9r GNIAid or deeds of covenant is recognised at th8 tim• of thg donatlon. Grants are r&co9nl8ed on receipt or otherwise rf the charity has been notfjfoed of an impending distribution. the amount is knoym, and th9 recglpl15 gXPg¢ted.

HARMONY YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accounting policies IContlnu•dl 1J Expendlture Liabilities are recognised on an acuuals basi8. Costs of raising funds relate to thitiè¥ undertaken lo generate Sncome. Exp•ndilum on Charttab￿ actThiili8s Is cos15 inCu￿ed by the tharity in the delivery of its adtvitios and s•M¢e$ lo ks benefity8rie$.11 Sncludes both costs that can be allocated diredty lo such activilies and those Costs of an indirect naturg necessary lo support th9m. Other 8xpgndMure represents th080 Items not falllng into any other heading. Govemance costs inc4ude all expenditu￿ dire¢tly related lo the administralFon ¢f the d)arity Including experiditure incurred in the rnanagemenl of tho charltys assets. organisational. admlnlstration and compliance with charitable and slalutory requirements. 1.8 Tanglble flx•d assets Tanglble flxed assets are initially measured al cost and sub5equentty measured at ￿$t or valuafjon, net of depre¢i¥tion and any impaimènt loss￿. Depre¢i81Son is re￿nised so as lo write off Ihe cost or valuation of assets less their residual values ¢)ver thelr u$oful livas on th8 ftsl10￿ng bas•s'. Fixtures and fittings Computers lo.￿ Slraighl Line 10% Straight Ling The gain or10ss arising on the disposal of an asset is determined as Ihe dtfferen¢e between the sale proceeds and the carrying value of the asset. and 18 recognised in the slaloment of financial a¢Aiwlie8. 1.7 Impalmi•nt of flxed ¥$$•ts Al each reportlng end date, the tharity reviews Ihe c4rying amounts of its tsngible o¥sels to determlne whether there 1$ any Indi¢ation that those assets have SLrffered an impairment loss. If any such Ind￿tIOn exists, the ￿coVerable amount of the 8ss8t is estimated in order to determine the extent of the Impaimient loss {rf any). 1.8 C$h and ¢a•h equlvolènlg Cash and cash equivalents indude cash in hand. Basic finaft¢ial as$•ts Bas1¢ financial assets. which indude ¢xsh and bank balan¢es, ar• initialty measured al transaction prfr induding transaction costs and are subsequently ¢arrSed at 8mortis•d cost using the effective interest method unkss the arrangement constilutes a ffinancing transaiaion, where tha transaction is measured at the present walue of th• lutura r8c8iPts discountsd at a market rale of interest. Finanaal assets clasSif￿d as r8C8ivabl¢ within one year 8re not amortised. 8•si¢ fin•n¢ial liwbilitses Ba51¢ finanaal liabilities, including cr8dilors are inrf(ially recognised at transaction pric8 unl•s$ the arrangement constitutes 8 financAn9 transaction, where the debt in81rument is measured at 1he present value of the fvlu￿ paympnls Jls¢ounled at a market rate of interest. Financial liabilities ¢laS$if￿d as payable within one ye8r a￿ not 8mortisèd. Dobl instruments are Subsequentty earri•d at amorbsad cost, using tho efloctiV8 int•re$l rat• method.

HARMONY YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 A¢¢ounlln9 poIIGI•s Iconllnugdl D•rn¢ognlllon of finanelal Ilabllftles Finaniial liabilities are deTecogni5ed when the ch8rty's ¢xntra¢iual obligations explre or are discharged or ¢an¢g11ed. 1.9 Employee b•n•fits The cost of any unused holiday entillemenl is regjgnised in the period in whith the efflployee'g serth are ro¢eived. Terminatitsn beneffils are recognlsell Immgdialgty as an 9xpense when the charty Is dgmonstrably commilted to temiinate the employrrEnl of an emFloy¥ or lo prowde tomiinalion benefits. Crltl¢al a¢countlng •¥dmato$ and ludg•rn•nts In the applicalk)n of tha charity's accounting policies, th8 I￿￿tee$ are requlred lo make judgements, esttmates and 855umpts.ons about thè carryin9 amount of ass8ts and liabilities that are not readity apparant from other sources. The e8tirnates and 8$SO¢tatgd assumptions are based on historical experience and other factors that are considered to be relevant. Actual resuts may dlffer from th898 estimates. The estimatss and undèrfying assumptic•)s *e r￿¢we￿ on an ong(xng ba$ls. Rgvlsion8 to aceounling &stimalas are ￿CogniSed in the period in which the èstimatè is r8Ms8d wh8ra thè rowsitsn affects only that p8riod, or in tha pgriod of the revlsion and fLbture wiods where the revision 8ffec4s both ojrrenl and futur8 period$. Incomo from donatlom •nd gr•nts Unrestrlctod R•¥trl¢t fund$ fund$ 2024 2Q24 Total Unrg$trletsd R•slrf¢ted funds fund8 funds 2024 2023 2023 Totsl fund¥ 2023 t)onalion$ and gifts 26.172 95,129 121,301 31,787 95.071 126,858 Donation• and grants BBC Children in Need Warm Spaces Bolton CVS- Community and Voluntary Services Botton al Homo JD Foundallon Other Small Donations TheAshley Famlty Foundation Gaffield Weston Foundation Main Grants AFA Other Small Grants 14,879 10,260 14,879 10,260 13,528 13,528 10,L>JO 10,LYJO 6,172 11.000 11.000 lo,￿0 lo,￿0 6,172 31,787 31,787 9,750 9,750 20,000 9,730 44,591 20.000 9,730 44,591 56.462 56.462 28.172 95,129 121,301 31,787 95,071 126.858 Other srnall donatlons and grants Aicbjde any ino)rn8 received kss than £10,0￿.

HARMONY YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 In¢ome from ch•ritable •ctivities Unrn8trlctsd Unyestrlcted fund$ fund$ 2024 2023 Othèr charitsble Incomè Other income 15,499 Income from Investments Unr•strlcted Unre$tri¢ted funds funds 2024 2023 Interest receNable 206 Expendltur• on charftsblg adlvltlgs 2024 2023 Dlrect co¥ts Slaff La)sts Depreciation Insurance Ses5iC>nal work•rs Sundry •xpens8S Repairs. renewals and equipment Other restricted expend(ture Bank charges Piof¢$sional fees 21,353 10,215 1.488 61,427 7,264 7.387 6.449 603 1.200 18.812 9,510 1,237 77.209 5,308 15,877 9.270 568 117,384 137.789 Analy•ls by fund UnrestrKted fund5 ReslrKted fvnds 43,854 73,530 42.718 95,071 117,364 137.789 G¢varnanc8 costs of £1,20012023'. £NiD are induded in professional f•es above. relating to thè preparation and examination ot the staiulory a¢¢ounts.

HARMONY YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 30 JUNE 2024 Net movement in fundB 2D24 2023 Th¢ not movemènt in funds is slated after tharginty(c¥editing}." Depreciation of owned tangible fixed as59ts 10,215 9,510 Tru8ts• None of the trustees {or any persons Connected wlth them) receNed any remuneration or benerrts frcffl th• charlty during the year. Employ• The average monthly number of empltsyees during the year was.. 2024 Numbèr 2023 Number Admln Employment co•t8 2024 2023 Wages and salarf¢s 21.353 18.812 Thero were no employees whose annual remuneration was more than £60,000. 10 Twtion The charity is exempl from taxation on its acti￿lIeS ￿e#US• all its income is applied for tharitable PUfPOWS. 10-

HARMONY YOUTH PROJECT NOTES fo THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 11 Tangible Tix•d assets FIX￿￿¥￿ and Conyut•r8 Ilttlngs Cost Al 1 Juty 2023 100,045 2,095 102,140 At 30 June 2024 100,045 2,095 102,140 Deprncl¥llon and Imp•lmi•nl At 1 Juty 2023 DepreciatNJn charged in the year 71,3n 10,005 1,748 210 73,121 10,215 At 30 June 2024 81.378 1,9S8 83,336 Carying arnount AI 30 June 2024 18,867 137 18,8C At 30 Junè 2023 28,672 347 29,019 12 Cr•dltorn: amounts falling due ￿￿thIn tsno y•ar 2024 2023 Accruals and dèferred incomè 1.200 13 R•strl¢tsd fund$ The restricted fund8 of the tharty comprise the unexpended balances of donalions and grants held C￿ trust Subjed to speeAfie eondth.ons by donors as to how they may be used. At l July 2023 In¢<bmlng Resources résoure expended At 30 June 2024 Bolton Together BBC Children in Need Warm Spa¢È$ Bolton CVS- Community and Voluntary SeNiees Bolton CVS- Suicide Prevention Small restricled funds 6,720 14.879 10,260 6,720 14,879 {10.2801 13.528 8.650 41.092 {13,5281 18,6501 {41.0921 95,129 173,5301 21,599 11

HARMONYYOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 30 JUNE 2024 13 Regtri¢ted fund$ Icontlnugdl Prnvlou y•ar. At 1 Juty 2022 In¢omlng r•sour¢tr Rèsourcès •xpend•d At30June 2023 Bdlon CVS- Community and Voluntary S8Nlces The Ashley FBmily Foundalion Garfield Weston Foundatson Main Grants AFA Othèr small r&slrictad fvnds 11,000 9,750 20,000 9,730 44,591 111,000) {9,750} 120,000) 19,7301 (44.591) 95,071 (95,071) Bohon Togthr- Grantfor Iho'one Life PrO￿rt BBC Children in Need - Impro￿n9 th8 lives of disadvantaged children Warm Spaces- Grant to offer 8 Wam, safe and welcoming space for people in need to spend Ilm& in Bolton CVS- Community and Voluntsry se￿i¢88- Grant for summ9r hollday adwitie$ and food fund Bohon CVS- Suicide Prevenlion- Grant to 8UPPOrt the sulclde preventhon ￿mpaIgn TheA$h¥ty F8mity Foundalion- Support for ctsmmunMes most In need Garfield Weston Found*ion- Support forw8lfar8 and youth sectors Main Grants AFA- Support for peo￿? who arg dlsadvantsged or i501aled 14 Unr•strlctsd funds The unrestrlcted funds of the Charity comprise the unexpended balances of donations, grants and other income whith ar8 not subject to spacffic conditions ty donors and gr8nlors as lo how Ihey may ba us8d. At 1 Juty 2023 Incomlng Esources R•$our¢os expond•d At 30 June 2024 Ggneral funds 40,520 26,378 143,B54) 23.044 Pr•vlouB year. Al 1 July 2022 Incoming resourcos R•sour¢ •xpènd At30 June 2023 General fjjnds 35.952 47,288 {42.718) 40,520 12-

HARMONY YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 1S Analysls of net assets betrhwn funds Unr•strict•d Rostrktsd funds funds 2024 2024 T¢)tal 2024 At 30 Jun• 2024: Tangible assets Current assets 18.804 4,240 18.804 25.839 21,599 23,044 21.599 44,643 UnMtrlet¢d funds 2023 Re$trlct•d fvnd 2023 Total 2023 At 30 Junt 2023: Tangible assets Current assets 29,019 11,501 29,019 11,501 40.520 40,520 16 R•laièd party trangactlons During the year, one of the trustee's provfded a loan lo the charlly Ihal was fvlty repald in the same Per￿ with nothing oulslandlng at tho year ond and no intere51 charged. 13-

Chairman's Report

For the Year Ended 30 June 2024

As Chairman of Harmony Youth Project, I am pleased to present our annual report for the year ending 30 June 2024. This year has been a remarkable one for the charity, as we continue to fulfil our mission to support disadvantaged young people in Bolton and the surrounding areas through creativity, education, and essential support services.

Our Vision and Achievements

Our charity remains steadfast in its commitment to empower young people and their families by addressing the challenges they face through innovative, community-driven initiatives. Over the past year, we have made significant progress in achieving our objectives:

These achievements reflect our commitment to empowering individuals, strengthening community ties, and ensuring that our activities deliver lasting public benefit.

Financial Performance

This year, the charity generated an income of £121,507 and achieved a net surplus of £4,123. This is a testament to our financial stewardship and the generosity of our grantmakers and donors. Our unrestricted reserves stand at £24,244, with £5,440 available as free reserves.

While the financial climate remains challenging, we are committed to maintaining reserves that allow us to operate for six months in the event of funding disruptions. Our current financial position and cash holdings of £27,039 provide us with a solid foundation to continue our work.

Governance and Risk Management

Harmony Youth Project is governed by a dedicated board of trustees who ensure that the charity adheres to its objectives and operates with integrity and transparency. This year, we have conducted a thorough assessment of the major risks facing the organisation and implemented systems to mitigate these risks effectively.

Our trustees, who bring diverse expertise and commitment, are the backbone of our charity. I extend my heartfelt thanks to each trustee for their service, and I welcome any future appointments who will further strengthen our governance and leadership.

Looking Ahead

As we move forward, we remain committed to serving disadvantaged young people and their families across Bolton and Greater Manchester. Our plans for the coming year include expanding our programmes, building new partnerships, and continuing to adapt to the evolving needs of our community. We are deeply grateful to our grant-makers, donors, and volunteers whose unwavering support makes our work possible.

Gratitude

On behalf of the board, I would like to express my sincere gratitude to our staff, session workers, and volunteers. Their passion and dedication are the driving force behind everything we do. Together, we are creating opportunities, building resilience, and making a positive impact in the lives of young people and their families.

As we reflect on the past year’s achievements, we look ahead with optimism and determination. Harmony Youth Project will continue to be a beacon of hope and support, empowering young people to thrive and reach their full potential.

John Hynes

Trustee (Chairman) Harmony Youth Project

Date: 04/02/2025