2021-03-31-accounts - Harmony With Nature Charitable Trust

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REGISTERED CHARITY NUMBER: 1159769

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

HARMONY WITH NATURE CHARITABLE TRUST

Taylor, Robertson & Willett Ltd 95 King Street Lancaster Lancashire LA1 1RH

HARMONY WITH NATURE CHARITABLE TRUST

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2021

		Page
Report of the Trustees	1	to	3
Independent Examiner's Report		4
Statement of Financial Activities		5
Balance Sheet		6
Notes to the Financial Statements	7	to	11
Detailed Statement of Financial Activities	12	to	13

HARMONY WITH NATURE CHARITABLE TRUST

for the Year Ended 31 March 2021

REPORT OF THE TRUSTEES

The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The object of the Charity is to promote such purposes that are exclusively charitable under the laws of England and Wales as the Trustees in their discretion from time to time determine and in particular,

The prevention of poverty.
The relief of sickness and the preservation of health.
The promotion of volunteering.
The advancement of human rights.
Developing the capacity and skills of members of a community (especially those socially and/or economically disadvantaged) so that they are better able to meet their needs and to participate more fully in society.
The advancement of environmental protection or improvement.

Application of income and capital

(1) The trustees must apply the income, and at their discretion, all or part of the capital, of the charity in furthering the object.

(2) The Objects will be promoted by making donations or grants to other registered charities and/or philanthropic or community organisations in accordance with the Grants Policy, and with the intention of encouraging and enabling ways for humankind to live in harmony with nature.

(3) The Trustees will consider all applications which further the Objects, and which also encourage and enable ways for humankind to live in harmony with nature, but wish in particular to support activities which:

Promote the restoration, conservation and protection of wild places with their indigenous animals, plants, soils and natural processes for the benefit of present and future generations;
Encourage sustainable energy generation and energy conservation in order to reduce degradation of the natural environment;
Advance the education in, and appreciation of, natural processes, sustainable living practices and technologies;
Encourage voluntary public participation in enhancing nature, both in urban and rural settings;
Promote democratic community ownership and control of land (including buildings), for the benefit of the community and the surrounding natural environment;
Protect the land rights and territories of indigenous peoples worldwide.

ACHIEVEMENT AND PERFORMANCE

The Board of Trustees are satisfied that the Charity's affairs and resources have been managed in accordance with its aims and purpose and, at their meetings during the year, made clear decisions about what needed to be achieved in accordance with these aims and purpose. The Charity's rental income was however significantly reduced on its commercial property during the COVID-19 restrictions. However, our tenant there is now trading profitably and paying rent.

The Charity has continued with the refurbishment of an investment property: a flat in Lancaster which will provide accommodation for 8 refugees, and rent income to the Charity.

The trustees have made four grants in the year, of £1,000 to Claver Hill community growing project, £2,000 to LESS for food training development, and £5,000 for the Langholm Moor Community Buyout, and £5,000 for Money for Madagascar for a Rainforest restoration project.

FINANCIAL REVIEW

Principal funding sources

The principle source of the Charity's income was through the continued donations from the Trust's Settlor, together with dividends and interest from current investments and rents from investment properties.

Page 1

HARMONY WITH NATURE CHARITABLE TRUST

REPORT OF THE TRUSTEES

for the Year Ended 31 March 2021

FINANCIAL REVIEW

Investment policy and objectives

Investments were made in accordance with the Charity's Investments policy. Shares are owned in three community-owned renewable energy companies. The Charity owns one residential and one commercial property. The balance of investments are made in publicly quoted shares, using positive and negative ethical screening. The Charity's share portfolio is managed by Rathbone Greenbank and has a high risk profile skewed towards capital growth. This is likely to produce a greater financial return in the longer term. A consistent income from the portfolio is not currently essential for the furtherance of the Charity's Objects.

Reserves policy

The Charity does not hold any financial reserves for any purpose.

Funds in deficit

The charity does not have any fund which is materially in deficit.

FUTURE PLANS

In the financial year 2021/22 the Trustees anticipate further donations from the Settlor and plan to make grants of at least £20,000 to charities selected by the board, in furtherance of the Objects of the Charity. We also hope to recruit one or two additional trustees.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity was established in 2015 and is controlled by its governing document, a deed of trust. The charity constitutes an unincorporated charity.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1159769

Principal address

51 Ashfield Avenue Lancaster Lancashire LA1 5DZ

Trustees

Mr S C Gershon Ms A C Chapman Ms A Wallman

Independent Examiner

Taylor, Robertson & Willett Ltd 95 King Street Lancaster Lancashire LA1 1RH

Page 2

HARMONY WITH NATURE CHARITABLE TRUST

REPORT OF THE TRUSTEES

for the Year Ended 31 March 2021

Approved by order of the board of trustees on 27 September 2021 and signed on its behalf by:

Ms A C Chapman - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HARMONY WITH NATURE CHARITABLE TRUST

Independent examiner's report to the trustees of Harmony With Nature Charitable Trust

I report to the charity trustees on my examination of the accounts of Harmony With Nature Charitable Trust (the Trust) for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of The Association of Chartered Certified Accountants which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Neil Slater The Association of Chartered Certified Accountants Taylor, Robertson & Willett Ltd 95 King Street Lancaster Lancashire LA1 1RH

27 September 2021

Page 4

HARMONY WITH NATURE CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2021

Notes INCOME AND ENDOWMENTS FROM Donations and legacies Investment income 2 Other income Total EXPENDITURE ON Charitable activities Charitable donations Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	2021 Unrestricted fund £ 125,275 37,771 177,030 340,076 13,000 36,897 49,897 290,179 1,211,730 1,501,909	2020 Total funds £ 148,245 55,332 (42,822) 160,755 10,000 11,937 21,937 138,818 1,072,912 1,211,730

The notes form part of these financial statements

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HARMONY WITH NATURE CHARITABLE TRUST

BALANCE SHEET

31 March 2021

Notes FIXED ASSETS Tangible assets 4 CURRENT ASSETS Debtors 5 Investments 6 Cash at bank and in hand CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 8 NET ASSETS FUNDS 9 Unrestricted funds TOTAL FUNDS	2021 Unrestricted fund £ 650,807 261 908,990 35,120 944,371 (28,269) 916,102 1,566,909 (65,000) 1,501,909 1,501,909 1,501,909	2020 Total funds £ 475,870 - 654,536 153,138 807,674 (6,814) 800,860 1,276,730 (65,000) 1,211,730 1,211,730 1,211,730

The financial statements were approved by the Board of Trustees and authorised for issue on 27 September 2021 and were signed on its behalf by:

Ms A C Chapman - Trustee

The notes form part of these financial statements

Page 6

HARMONY WITH NATURE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - not provided Plant and machinery - at varying rates on cost

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Investments

Listed investments are revalued at market value at the balance sheet date.

continued...

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HARMONY WITH NATURE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021

2. INVESTMENT INCOME

INVESTMENT INCOME
Rents received Interest received Dividends received	2021 £ 18,109 5,596 14,066 37,771	2020 £ 30,845 9,762 14,725
		55,332

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

4. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
COST At 1 April 2020 Additions At 31 March 2021 DEPRECIATION At 1 April 2020 Charge for year At 31 March 2021 NET BOOK VALUE At 31 March 2021 At 31 March 2020	Freehold property £ 458,128 171,882 630,010 - - - 630,010 458,128	Plant and machinery £ 19,506 5,535 25,041 1,764 2,480 4,244 20,797 17,742	Totals £ 477,634 177,417
			655,051
			1,764 2,480
			4,244
			650,807
			475,870

continued...

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HARMONY WITH NATURE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021

2020 £ - 2020 £ 577,661 76,875	2020 £ - 2020 £ 577,661 76,875	2020 £ - 2020 £ 577,661 76,875
654,536
2020 £ 6,814 2020 £ 65,000 At 31/3/21 £ 1,501,909		2020 £ 6,814
		2020 £ 65,000
1,501,909
Movement in funds £ 290,179 290,179
	290,179

continued...

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HARMONY WITH NATURE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021

9. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1/4/19 £ Unrestricted funds General fund 1,072,912 TOTAL FUNDS 1,072,912 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 160,755 TOTAL FUNDS 160,755 A current year 12 months and prior year 12 months combined position is as follows: At 1/4/19 £ Unrestricted funds General fund 1,072,912 TOTAL FUNDS 1,072,912		Net movement in funds £ 138,818 138,818 Resources expended £ (21,937) (21,937) Net movement in funds £ 428,997 428,997	At 31/3/20 £ 1,211,730
			1,211,730
			Movement in funds £ 138,818 138,818 At 31/3/21 £ 1,501,909
			1,501,909

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming resources £ 500,831 500,831	Resources Movement expended in funds £ £ (71,834) 428,997 (71,834) 428,997	Resources Movement expended in funds £ £ (71,834) 428,997 (71,834) 428,997
			428,997

continued...

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HARMONY WITH NATURE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021

10. RELATED PARTY DISCLOSURES

Transactions with Mr S C Gershon, a Trustee of the Charity.

During the year Mr Gershon donated a property to the Charity worth £120,000.

Long term creditors comprises £65,000 owed to Mr Gershon.

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HARMONY WITH NATURE CHARITABLE TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2021

INCOME AND ENDOWMENTS Donations and legacies Donations Investment income Rents received Interest received Dividends received Other income Profit/loss on share disposal Revaluation Total incoming resources EXPENDITURE Charitable activities Grants to institutions Support costs Management Portfolio management Finance Bank charges Other Insurance Light and heat Telephone Sundries Property repairs & maintenance Property running costs Depreciation of tangible fixed assets Governance costs Accountancy and legal fees	2021 £ 125,275 18,109 5,596 14,066 37,771 29,680 147,350 177,030 340,076 13,000 6,343 54 - - - 240 - 26,819 2,481 29,540 960	2020 £ 148,245 30,845 9,762 14,725 55,332 26,817 (69,639) (42,822) 160,755 10,000 5,043 63 241 (103) 15 - 4,587 - 951 5,691 1,140

This page does not form part of the statutory financial statements

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HARMONY WITH NATURE CHARITABLE TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2021

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2021
Total resources expended Net income	2021 £ 49,897 290,179	2020 £
		21,937
		138,818

This page does not form part of the statutory financial statements

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