Charity number.. 1183587
THE HARKNESS FAMILY FOUNDATION
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

THE HARKNESS FAMILY FOUNDATION
CONTENTS
Page
Reference and administrative details of the Charity, its Trustees and advisers
Trustees. report
Indgpendgnt gxamingrfs report
ststement of financial activities
Balance sheet
Notes to the financlal statements
8-11

THE HARKNESS FAMILY FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 5 APRIL 2024
Trustees
Maria Philippa Arabella Harkness, Chair
Henry Daniel James Webb, Trustee
Gabriella Maria Harkness, Trustee
Francesca Maria Harkness, Trustee
Letitia Maria Harkness, Trustee
Edward William Marek Harkness, Trustee
Charlty reglstered
number
1183587
Prlnclpal office
Pengrove
Bodmin
Cornwall
PL30 3HZ
Accountants
Calder & Co
Chartered Accountants
30 Orange Street
London
WC2H 7HF
Page 1

THE HARKNESS FAMILY FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The Trustees present their annual report together with the financial statements of the The Harkness Family
Foundation for the 6 April 2023 10 5 April 2024.
Objectives and activities
a. Policigs and objectives
The Charity is established for the relief of poverty and the advancement of..
Education,
Health or saving of lives,
Citizenship or community development,
Arts, Culture, Heritage or Science,
Human rights, Conflict resolution or Reconciliation, Promotion of religious or racial harmony or equality
and diversity,
Environmental protection or improvement,
Relief of those in need, by reason of Youth, Age,111-Heallh, Disability, Financial Hardship or other
Disadvantage,
And such other purposes recognised from lime-lo-lime by the law as charitable.
In setting objeth'ves and planning for activities. the Trustees have given due consideration lo general guidance
published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a
charity IPB21'.
b. Maln actlvltles undertaken to further the Charlty's purposes for the publlc beneflt
The Trustees are conscious of the Charity Commission's stance on public benefit and are satisfied that the
Charity has carried out ils activities during the financial year consislenlly with ils purpose, with due regard lo the
Charity Commission's p4Jblic benefit guidance.
Achlevements and performance
a. Key performance Indlcators
During the year the the Charity re￿iVed £53,00012023.. £50,000) of income from donations. The trustees will
utilise the income received to achieve the charity's principal objective sel out at)ove.
Financial review
a. Golng concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate
resources lo continue in operation81 existence for the foreseeable future. For this reason. they continue lo adopt
the going concem basis in preparing the financial statements. Further details regarding the adoption of the going
concern basis can be found in the accounting policies.
b. Reserves policy
The Charity s only asset is cash held at Lloyds Bank. The Trustees believe that by building the cash reserves
they can continue lo operate in pursuit of its charitable objectives in the event insufficient income is generated.
Page 2

THE HARKNESS FAMILY FOUNDATION
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2024
Structurgl govgrnan¢g and management
Constitution
The Harkness Family Foundation is a registered charity, number 1183587, and is constituted under a Trust deed
dated 20 November 2018. The foundation gained charitsble status on 24 May 2019.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the
terms of the Trust deed.
c. Related party relationships
During the year, the Charity received donations amounting lo £53,000 from M Harkness, who is a trustee of the
Charity. These donations were given voluntarily without any conditsons allached, and the Iruslee received no
benefits in return.
d. Financial risk management
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related lo the
operations and finances of the Charity, and are satisfied that systems and procedures are in place lo miligale
exposure to the major risks.
Funds held as custodlan
There are no funds held as custodian for other parties.
Page 3

THE HARKNESS FAMILY FOUNDATION
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2024
ststgmgnt of Trustegs. responsibilities
The Trustees are responsible for preparing the Trustees. report and the financial statements in accordance with
applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting
Praclice)-
The law applicable lo charities in England & Wales requires the Trustees lo prepare financial statements for
each financial which give a true and fair view of the slate of affairs of the Charity and of its incoming resources
and application of resources, including ils income and expenditure, for that period. In preparing these financial
statements. the Trustees are required lo-
select suitable accounting policies and then apply them consislenlly..
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgments and accounting estimates that are reasonable and prudent.,
slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subjed to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charills transactions and disclose with reasonable accuracy al any lime the financial position of the Charity
and enable them lo ensLJre that the financial statements comply with the Charities Act 2011. the Charity
{Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by..
Maria Philippa Arabella Harkness
{Trusteel
Dale.. 21 March 2025
Page 4

THE HARKNESS FAMILY FOUNDATION
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 5 APRIL 2024
Independent examlnerfs report to the Trustees of The Harkness Famlly Foundatlon I'the
Charity'l
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 5 April 2024.
Responslbllltles and basls of report
As the Trustees of the Charity you are responsible for the prepamtion of the accounts in accordance with the
requirements of the Charities Act 2011 I'the 2011 Act'l.
I report in respect of my ex8minalion of the Charitvs accounts c8rried out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Directions given by the Charity Commission under
section 14515llbl of the 2011 Act.
Independent examinerfs staternent
Your attention is drawn to the fact that the Charity has prepared the 8ceounts in accordance with 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 IFRS 1021 in
preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April
2005 which is referred to in the extant regulations but has been withdrawn.
l understand that this has been done in order for the accounts to provide a true and fair view in accordance with
the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause lo believe that in any material respect..
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act., or
the accounts do not accord with those records., or
the accounts do not comply with the applicable requirements conceming the form and content of
accounts sel out in the Charities IA¢counts and Reports} Regulations 2008 other than any requirement
that the accounts give a Irue and fairf view which is not a maller considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examination lo which
attention should be drawn in this report in order lo enable 8 proper understanding of the accounts to be reached.
Signed-.
D8ted.. 21 March 2025
A Koupland
ACA
Calder & Co
Chartered Accountants
30 Orange Street
London
WC2H 7HF
Page 5

THE HARKNESS FAMILY FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2024
Unrestricted
funds
2024
Total
funds
2024
Total
fvnds
2023
Note
Income from:
Donations and legacies
53.000
53.000
50,000
Total income
53,000
53,000
50,000
Expgnditurg on:
Charitsble activities
64.250
64.250
40,000
Total expenditure
64,250
64.250
40.000
Net movement In funds
111.250)
111.2501
10,000
Reconclllatlon of funds:
Totsl funds brought forw8rd
Net movement in funds
12.068
111,2501
12,068
111.2501
2,068
10,000
Total funds carrled for•vard
818
818
12,068
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 8 to 11 form part of these financial statements.
Page 6

THE HARKNESS FAMILY FOUNDATION
BALANCE SHEET
AS AT 5 APRIL 2024
2024
2023
Note
Fixed assets
Current assets
Cash al bank and in hand
2,068
12,068
2,068
12,068
Creditors.. amounts falling due within one
year
11,2501
Ngt Current as$gts
818
12,068
Total assets less current liabilities
818
12,068
Net assets excludlng penslon asset
818
12,068
Total net assets
818
12,068
Charlty funds
Reslricled fund5
Unrestricted funds
818
12,068
Total funds
818
12,068
The financial statements were approved and authorised for issue by the Trustees on 21 March 2025 and signed
on their behalf by..
Maria Philippa Arabella Harkness
{Trusteel
The notes on pages 8 to 11 fomi part of these financial statements.
Page 7

THE HARKNESS FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Accountlng pollcles
1.1 Basis of preparation of financial statements
The financial slalemenls have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffective 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The financial statements have been prepared lo give a 'true and fairf view and have departed from
the Charities IAccounls and Reports) Regulations 2008 only lo the extent required lo provide a 'lrue
and fair. view. This departure has involved following the Charities SORP IFRS 1021 published in
October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
The Harkness Family Foundation meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise
stsled in the relevant accounting policy.
1.2 Income
All income is recognised once the Charity has enlitlemenl lo the income, il is probable that the
income will be received and the amount of income receivable can be measured reliably.
1.3 Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, il 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 classified by aclivily. The costs
of each activity are made up of the lotsl of direct costs and shared costs, including support costs
involved in undertaking each aclivily. Direct costs attributable to 8 single activity are allocated directly
to that activity. Shared costs which contribute lo more than one activity and support costs which are
not 8ttribulable to 8 single activity are apportioned between those activities on a basis con51Stenl with
the use of resources. Central staff costs are allocated on the basis of b'me spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the 8clivilies which further the
Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
1.4 Cash at bank and in hand
Cash at bank and in hand includes cash and short-lerm highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 8

THE HARKNESS FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Accountlng pollcles {contlnued)
1.5 Llabilitles and provlslons
Liabilities are recognised when there is an obligation al the Balance sheet dale as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised al the amount that the Charity anticipates il will pay lo settle the debt or the
amount it has received as advanced payments for the goods or services it musl provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the lime value of money is material, the provision is based on the present value of those
amounts, discounted al the pre-tax discount rate that reflects the risks specific lo the liability. The
unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
1.6 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
inslrumenls. Basic financial instruments are initially recognised al transaction value and subsequently
measured at their selllemenl value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
1.7 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Income from donations and 1gga¢igS
Unrg$tri¢tgd
funds
2024
Totsl
funds
2024
Total
funds
2023
Donations
53,000
53,000
50,OOQ
Page 9

THE HARKNESS FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Charltable actlvltes
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Accountancy fees
Donations
1,250
63,000
1.250
63,000
40.000
64,250
64,250
40,000
Independent examinerfs remuneratlon
2024
2023
Fees payable lo the Charity's independent examiner for the independent
examination of the Charills annual accounts
1,250
Trustees. remuneration and expenses
During the year, no Trustees received any remunerab'on or other benefits (2023- £NIL).
During the year ended 5 April 2024, no Trustee expenses have been incurred (2023 - £NIL)-
Crèditors: Amounts falling due within one year
2024
2023
Accruals and deferred income
1,250
Page 10

THE HARKNESS FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Summary of funds
Summary of funds - current year
Balance at 6
April 2023
Balance at 5
April 2024
Income Expenditure
General funds
12,068
53.000
164,250}
818
Summary offunds- prior year
Balan￿ al
l April 2022
Balan￿ al
Income Expenditure 5 April 2023
General funds
2,068
50,000
(40,QOOJ
12,068
Analysis of ngt assets betwegn funds
Analysis of net assets betwegn funds - current period
Unrestricted
funds
2024
Total
funds
2024
Current assets
2,068
11,2501
2,068
11.2501
Creditors due within one year
Totsl
818
818
Analysls of net assets between funds - prlor perlod
Unrestricted
funds
2023
Total
funds
2023
Current assets
12.068
12,068
Total
12,068
12,068
Page 11