Company Reglslration No. 03631395 (England and Wales) CELTIC HARMONY ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 CELTIC HARMONY ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS Page Company information Directors, r8POrt Accountants, report Income slalement 10 Slalemenl of linancial position Nolos lo the accounts 12-13 CELTIC HARMONY COMPANY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024 Dlrectors PARRELLA, Luca DAVIS. lan GROCOTT. John HOLT-PARRELLA, Clare VINCENT, Stephen Company Number 03631395 {England and Wales) Reglstered Offlce 9 The Limberlosl 011 ReynaT(Is Road Wolwyn Herllordshlre AL6 9TS Uniled Kingdom Accountant8 Harvest Accounlanls Ltd 124 Cily Road London EC1V 2NX CELTIC HARMONY (COMPANY NO: 03631395 ENGLAND AND WALES) DIRECTORS, REPORT The diieclor8 present their report and accounls lor tho year ended 31 December 2024. Directors The following diiectors held ollice during the whole ol Ihe peiiod= PARRELLA, Luca DAVIS, lan GROCOTT, John HOLT-PARRELLA, Clare VINCENT, Slophan Stateinent of dSrectors' responsibilities The diroclors are rospoiisible lor prepaiing Ihe report and accounls in accordance with applicablo law and regulations. Company law requir8s Ihe dirèctors to propare accounts for each linancial yèar. Under that law, the directors have elected lo propaie Ihe accounts in accordance wilh United Kingdom Generally Accepted Aocounling Praclico (United Kingdom Accounting Standards and applicable lawl. Under company law the direclors musl not approv8 tho accounls unless Ihgy are salislied 11)al Iliey giv& a true and lair vi8w ol the slate ol allairs ol thg company and of the profil or loss ol the company lor Ihal period. In preparing these accounls, the direclors ar8 required to.. select suitable accounting policies and then apply them consislenlly; mak8 judgemen18 and eslimales Ihal are reasonablè and prudonl; prepare lh8 accounls on the going concern basis unless it is inappropriate lo presume that Ihe company will continue in bu8ing$S. The directors are responsible for keeping adequate accounting records that are sullicienl to show and explain lh8 company's transactions and disclose with reasonablè accuracy al any lime the linancial position ol Ihe company and enable Ihem to ensure Ihal the accounts comply wilh th8 Companies Act 2006. They are also rgsponsible lor salegvarding the assets ol Ihe company and henc8 lor laking ieasonable steps for thè pi8v6nlion arKI d6leclion ol Iraud and other irregularities. Small company provlslons This report has been propared in accordance wilh the special provisions relating lo small companies within Part 15 01 the Companies Acl 2006. Signed on bgliall of the board ol directors PARRELLA. Luca Direclor Approved by tho l)oard on.. 24 April 2025 Trustee Report Celtic Harmony Accounts Financial Statement for the year ended December 2024 Charity Number: 1156199 Company Number: 3631395 Celtlc Harmony aims to enable children, young people and the community to experlence life as an ancient Britoii, learning from our natural and cultural heritage to create a more sustainable tomorrow. In 2024, we sald we would: l Finalise deslgn and install Doggerland, Trading Routes and Iron Age Tribes wall displays and finalise the indoor operations space for the Prehistory Centre. Three wall dlsploys have been printed and instolled in the Prehlstory Centre .' Doggerland, Troding Route5 and Iron Age Tribes 0] Britoin. The steelfrome structure wos completed to occommodote an open office ond stoff room oreo. 2. Dellver engaging Prehlstory Day Trips to over 13,000 school children plus their adult helpers and over 16 quality residential trips. Deliver family days out in April / October welcoming on average 80 family members per day and develop Family Saturdays with average 10 famllies taking part In conservatlon activities. We delivered Prehistory trips to 15,534 school children and adult helpers on doy and resldentiGI trips In 2024. We delivered the Easter ond October Days Out to on overage of 123family members per doy over nlne doys and delivered ten Family Soturdaysfrom Februory to November overaging 5families per Soturday- 100% offomilies said they enjoyed their experience, 88% tried something new,. lOO% spent quality time together, 97% learnt more about Celtic culture. 3. Review organisational structure and strate8Y to ensiire funding and Income generation streams for siistainable operatlons. The org(7nisotionol striict(Ire review was commissloned with Moore Kingston Smith, noiiproflt advisory, and o new model adopted to separote delivering of cliarity objectives from a inore coinmerciol ediicotion and visitor oltractioi? business ii?odel, enabling the chority to focus on Increasing the acce5sibllity ofexperiences to those in need ond provide lifelong learnlng and volunteering opportunities. 4. Deliver the Lavlna's Legacy volunteer programme recruiting 6 education trainees, run 4 Woodland Workshop courses in partnership with Groundwork East, grow the conservation volunteers and develop further volunteering opportunities. Lavina'5 Legocy volunteering progromme delivered six educotion troineeships 31 ottendees on 4 month long Woodland Workshops in colloborotion with Groundwork Et75t, eight new conservation volunteers ond developed o new events volunteer role ond Outdoor Instructor ApprentI￿ShIp as port of the project. Volunteers contributed over three thousond hours in 2024. 5. Measure the impact of the school, family and volunteer programme and complle data by December 2024 forthe University of Hertfordshire to analyse and publish the impact measurement report by Spring 2025. The University of Hertfordshire hos received the data to complete an impact reportfor 2024 Lovino's Legacy volunteering ond the education & visitor programme and is donoting twentyfive hours of project manoger time worth £1,252.50 to the impact measurement report. In 2025 we will aim to l. Complete the Stone to Iron Age exhibition in the Prehistory Centre, creating new labels to showcase finds in a D08gerland cabinet and a Bronze Age cabinet. work in collaboration with museums to introduce new artefacts to reflect the culture of ancient Britain. 2. Ensure the Stone to Iron Age exhibition remains open for free at weekends, supported by a fundraising campaign for two larger cabinets to house spotlight loans and handling artefacts, aloii8side an eveiits prograiiime. 3. To fui)draise for 3,000 Free Scliool Meal pupil bursaries for Preliistory trip experiences, ii)creasliig well beiiig through Increased enjoyment, independence, topic engagement and social interactioii. 4. Continue to develop Lavina's Legacy volunteer programme developing opportunities from work experience to internships and growing the conservation team to ensure site malntenance for visitor access and woodland management. 5. Measure the impact of the Prehistory trips for disadvantaged pupils, free access to the Stone to Iron exhibition and the Lavina's Legacy volunteer prograrnme. Feedback from Schools that recelved the Free School Meal Bursary In 2024 "The bursory hos meont thot they were oble to go on the trip. As a school we ore very limited on funding, So we do run ot a loss, which isn't ideal but this offer wos great ond certoinly Ipelps. Thank you, we love coming to Celtic Hormony, It 15 0 greot venue and not toofar awoy.. Ellie Tinslay, Templewood Primary School,. "The bursory ollowed the children in receipt of FSM to take part in the cla55 trip, wl7ich otherwise they moy not have been able to olford, helping them tofully participate in their closs activities, We really appreciate the bursaryfunding, a trip without it would putfinonciol strain on ourfomilie5.' Helen Bunce, The Grove Junior School,. "The bursary wos an enormous help to the Fsmfomilies budget and provided welcomefunds to our school trip budget. Thonk youforproviding o great experiencefor our Yeor 3,5," Smlk Shiirma, Shefford Lower School,. 'The biirsary enabled oll pupils to occess the trip ond we were able to reduce the c05t of the trip to tlie FSM pupils'parents, the cost burden to tlie parents was ollevioted due to tlie bursory- thank you.. Emma Thompson. Christ Church Primary School; "Tlie bursory enobled those wlio could not cover tlie cost to attend. This w05 useful 05 it wos o wliole yeor group boiidiiig/ tra1151tion trip so it wos good that all children were able to ottend. We hove o bonding transition trip every year where we try to toke the wljole of the new yeor 7 cohort. It is difficult tofind a venue thot is oble to provide meoningful octivitiesfor the lorge number of students. Celtic Hormonyprovided excellent team building activitiesfor the whole year group over a couple of days. Celtic Hormony wos on opportunityfor our students to bond with their new classmate5 in a lovely outdoorsetting. We used it 05 0 P051tive woy to help with the difficult transitionfrom Primary to Secondory education. This was ourfirst trip to the Centre ond it wos o success, with tutors telling us thot they hod got to know theirform better and students made newfriends. Thefeedbackfrom the students was positive with all enjoying the doy." Serap O'Flynn, Alexandra Park School; "The bursary has made on enormous difftrence and allowed us to go on this trip as we hove o lorge number offree school meal children. This ollows us to go onfurther trips 05 we hove saved money on this trip. Many of our children never gofurther thon their home town due tofinoncial restraints, ond we oim to ollow them to V151t otherplaces. It was very eosy to arrange this trip os you made u5 awore thot you offer thi5 bur50ry." Aoife Taggart, The Reddings Primary 5chool;"Every FSM child was able to ottendfrom the yeor group toking part. It eosed the pressure of trying to chose parents that may not have been able to offord to send their children. The bur5aryfunding was a verypleasant ossistonce, which enobled all of our FSM children to be oble to participote in o very immersive educotional experience thot can not befound by hosting 0 school run workshop."Miss O'Grady, South Hill Primary School; "A huge difference. We do find the Celtic Harmony trip which we book unnuolly is the best of all the trips but likewise one of the more expensive ones $0 this enobles all children to porticipate-. Cheryl Pearce, All Saints, CE Primary School We would like to thank the trusts and organisations that have supported Celtic Harmony in the past year.. Funding We are very grateful to our supporters that funded Celtic Harmony with grants of £39915 in 2024 (£81,392 in 20231 and donations/other income of £25,103 (£33,000 in 20231 including: • Natioiial Lotlery Heritage Fiind for the volunteerii)8 project Lavina's Legacy, skills f roi)I tl)e past for the fllture. £39,915 Celtic Harmony Trading '. £16,900 Private Donors: £5000 Unlversity of Reading Santander Internship: £3,203 University of Hertfordshire donation of 25 hours project management time worth £1,252.50 Flnanclal Revlew Celtlc Harmony generated a net income of £501,711 for the year ending December 20241£535,593 In 2023). Income from school day vislts was £268,5091£249,739 In 2023) and school residentlal trips £167,1151£177,210 in 2023). Old archery equipment and stock was sold and made £22,542 including 3 office containers1£4,312 in 20231. Expenditure increased to £460,3501£379,422 in 20231, mainly diie to increased staff costs as part of the Lavina's Legacy new roles and £25,000 spend on office development. Governance Charlty Trustees and Company Dlrectors The charity trustees are the company directors of Celtlc Harmony and have all served Sn office during this period. l Davis J Grocott S Vincei)t L Parrella C Holt-Parrella The day to day running is carrled out by a dedicated team of staff led by Clare Holt-Parrella (CEO) and Luca Parrella (Heritage Director). Officers Mr L Parrella Heritage Director and Company Secretary Registered Office Celtic Harmony Office, 9 The Limberlost, Welwyn, Hertfordshire, AL69TS Centre Celtic Harmony Camp, Iron Age settlement, Brickendon Lane, Brickendon, Hertfordshire SG13 8NY. Consultants Accountants Wesley Gardiner ACMA, CGMA, FMAAT, HARVEST ACCOUNTANTS NonProflt Advlsory.. Moore Kingston Smith, 9 Appold Street, London EC2A 2AP 50licitors: Veale Wasbrough Vizards LLP, 45 Clarendon Road, Watford WD17 ISZ Taylor WaSton LLP, 28-34 Alma Street, Luton, Bedfordshire, LUI 2PL Bankers: Barclays Bank, 12/12a, Howard Centre, Howards Centre, Welwyn Garden City• Hertfordshire AL8 6HA Tlie forniat and content of the report and financial stateinents comply with the Companies Act 2006, the Charities Act 2011 and the Statenient of Recommended Practice'Accountin8 ai)d Reportiiig by Cliarities, (SORP 2005). Act 2011 to have due regard to the guidance Issued by The Charity Commission on public benefit. Provlslon of Informatlon to Accountant To the best of the directors knowledge at the time the accounts are approved: there Is no relevant accounting informatlon of whlch the charilable company's accountant is unaware and the directors have taken all steps that they ought to have taken to make themselves aware of any relevant accoiintiiig Information and to establish that the accountant is aware of that information {s.234ZAI2)1. These accounts have been prepared in accordance with the special provisions of part 15 of the Compaiiies Act 2006 relatinE to small companies. Approved by tlie Board of Triistees on Thursday 24 April 2025. CELTIC HARMONY ACCOUNTANTS, REPORT Accountants, report lo the board of directors of CELTIC HARMONY on the preparatlon of the unaudlled statutory accounts lor Ihe year ended 31 December 2024 In order lo assist you to lullil your dulles under Ihe Companies Act 2006. we have prepared IOT your approval the accounts ol CELTIC HAFIMONY lor the year ended 31 December 2024 as sel out on pages 10 - 14 from tho company's accounting records and from inlormation and explanalions you have given us. This report is madè so181y lo tho Board of Directors ol CELTIC HARMONY. as a body. in accordance with tho terms of our engagement. Our work has be8n undertaken solely lo prepare lor your appioval the accounts ol CELTIC HARMONY and slate Ihoso mallers that we have agreed lo slalo to them, as a body. in Ihis rèport. To the lullesl ex18nt permilled by law, we do not accepl or assume responsibility to anyone olher than CELTIC HAFIMONY and ils Boaid of Directors as a body loi our work or lor Ihi% roi)nrl 11 is your duly lo ensure thal CELTIC HAFIMONY has kept adequate accounting records and lo prepare stalulory accounts that give a Irue and lair view ol the assets, liabililios, linancial position and loss ol CELTIC HARMONY. You consider Ihal CELTIC HARMONY is exempl from the slatuloiy audil iequirement lof the year. W6 have not b88n inslruclèd to carry oul an audil or a review ol thè accounts ol CELTIC HARMONY. For this reason. we have not verified the accuracy or completeness ol thè accounting records or information and explanations you have given lo us and we do not, Ihorolore, express any opinion on lh& slalulory accounls. Harvest Accounlanls Ltd 124 City Road London EC1V 2NX 22 April 2025 CELTIC HARMONY INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Turnovgr Cost ol Sales 501.711 117,6171 535,593 144,4991 Gross proflt 484,094 491,094 Adminislralive expens88 {493,812) 1379,4221 Operatlng (loss)/proflt 19,718) 111,672 Gaiii on salo ol i)roperly, plant and equipment Interest ro¢eivable and similaf income 1,776 2.246 2,959 (Loss)Iprofit on ordlnary actlvltles before 18xatlon {6,7591 115,694 Tax on Iloss)Iprolil on ordinary aclivilies {Lo8s}Iprof It for the Ilnanclal year {6,7591 115.694 10- CELTIC HARMONY STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024 2024 2023 Notes Flxed assets Tangiblo assets Invoslmenls 273.774 loo 100 100 273,874 Current assets Inventories Debtors Cash al bank and in hand 1.460 328.288 121,124 2,460 600 183,524 450,872 186,584 Credltors: amounts falllng due wlthln one year {6,070) 18,7981 Net current assets 444,802 177.786 Net assets 444,902 451,660 Capltal and reserves Prolil and loss account 444,902 451,660 Members, fund8 444,902 451,660 For the y8af ending 31 December 2024 the company was entilled to exemption Ifom audit under seclion 477 01 the Companiès Act 2006 rolaling to small companies. The m8mb8rs have nol required the company lo obtain an audil in accordance with section 476 ol Ihg Companies Act 2006. Thg directors acknowlodgo thgir rosponsibilili6s for complying wilh the requifemenls ol Ihe Act wilh respect lo accounting records and the prepaialion ol accounts. These accounts have be8n prepared in accordanc8 wilh the provisions applicable to companies 8ubje¢l lo Iliè Small companies, regiime and ir) accordance Yiilh th9 provisions of FRS 10? Soclion l A - Small Enlilios. Tlie linancial slalemenls were approved by Ihe Board ol Directors and aulhoT1s￿ for issue on 24 April 2025 ai)d wero signed on ils behalf b PARRELLA, Luca Director Company Registration No. 03631395 11 CELTIC HARMONY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 1 Statutory Informatlon CELTIC HARMONY is a privat& company, limiled by shares, registered in England and Wales. registration numbar 03631395. The registered ollice is 9 The Limberlosl, 011 Reynards Road, Welwyn, Hertlordshire. AL6 9TS, United Kingdom. 2 Compllance wlth accountlng standards The accounts have been prepared in accordance wilh Ihe provistons ol FRS 102 Section 1A Small Enlilies. There wef6 no mal6rial departur6s from that standard. 3 Accountlng pollcles Th6 principal accounting policies adopted in Ihe preparation ol the linancial Slalements aro set oul below and have remaii)ed unchanged from Ihe previous yea(. and also have boon consislenlSy applied within the same accounts. Basls olpreparatlon The accounts havg been prèpared under the historical cost convenlion as modilied by thé r8valualion of certain fixed assets. Turnover Turnover is measured al th8 laif valu8 01 the consideration received or Teceivable, excluding discounts. iebales, value added lax and other sales taxes. Turnover from lh8 sale ol goods is recognised when goods havo been delivered lo customers such Ihal risks and rewards ol ownership have translerfed lo Ih8m. Turnover Irom thè rendering of services is recognised by rel8rence lo the stage ol completion ol the contract. The slag6 ol completion ol a contract is measured by Comparing the ¢osls incurred lor work performed to dale lo the lolal estimated conlracl cosls. Presentatlon currency The accounts are prèsenl8d in £ sterling. Tanglblo flxed assets and depreclallon Tangible assels are included al cost less doprecialion and impairm8nl. Deprecialion has been provided al Ihe lollowing rates in order lo write oll the assels over their eslimaled useful livès.. Lan(S & buildings Plant & machinery Motor vohiclos Fixlures & fillings over Ihe lease term over 5 years over 5 yoars over 5 yoars Investments Invoslm9nls in subsidiarios. associales 8nd joint venturès aro measured al cosl18ss any accumulated impairfflenl Iossgs. Listed investments are measured al lair value. Unlisted inveslments are measured at lair value unloss Ihg value cannot be measured reliably. in which case they are measurod al cosl less any accumulatgd impairment losses. Changes in fair valuo are included in the prolil and loss account. Stocks Stocks ale measured at the lower of cost and eslimaled selling priceless costs lo complete and sell. Cost is deteifflinod using tho first in first out method. The carrying amount of slock sold is recognised as an expense in the period in which the related revenue is recognised. 12- CELTIC HARMONY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 4 Tanglble fixed assets Land & Plant & bulldlngs machlnery Motor vehicles Total Cost or valuatlon Al 1 January 2024 Additions Disposals At cost 790.741 Al cost 64,165 4.952 (69,117) Al cost 24,959 879.865 4,952 1884,817) (790.7411 (24,959) Al 31 December 2024 Depreclatlon Al 1 ,laiiiiary 2024 Cliarge lor the year On disposals 543,065 31,203 {574,268) 46,06? 5,965 {52,0271 16,964 2,340 {19.304) 606,091 39, Jf08 1645,599} Al 31 Dgcember 2024 Net book value Al 31 December 2024 Al 31 De¢emb8r 2023 247,676 18,103 7,995 273,774 5 Investment8 Subsldlary undertaklng Valuation at 1 January 2024 Valuation al 31 Dec6mbef 2024 100 100 6 Debtors 2024 2023 Amounts falllng due wlthln one year Trad6 debtors Other deblors 600 69 69 600 Amolints falllng due alter more than one year Other debtors 328.219 7 Creditor8: amounts falllng due wlthln ono yoar 2024 2023 Trad8 credilofs Taxes and social securily Other creditors Loans from dir6ctors Accruals 3,1g9 3.595 253 911 840 5,230 840 6.070 8,798 8 Average number of employees Duiing th8 year the average number of employees was 11 (2023.. 10). 13-