**REGISTERED CHARITY NUMBER: 1186948** **Report of the Trustees and** **Unaudited Financial Statements** **for the Year Ended 12 December 2023** **for** **HARROW STEEL** ## **HARROW STEEL** **Contents of the Financial Statements for the Year Ended 12 December 2023** ||**Page**| |---|---| |**Report of the Trustees**|1 to 3| |**Statement of Financial Activities**|4| |**Balance Sheet**|5| |**Notes to the Financial Statements**|6 to 11| |**Detailed Statement of Financial Activities**|12| ## **HARROW STEEL** ## **Report of the Trustees for the Year Ended 12 December 2023** The trustees present their report with the financial statements of the charity for the year ended 12 December 2023. 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** Promote the Art of Steel Pan Music. To advance the education of the public in the arts. In particular Steel Pan music through the provision of workshops and public performances. ## **Significant activities** We have continued our twice weekly rehearsals for Junior and Senior Band. We ran workshops during the school holidays for young students to learn the art of Steel Pan playing, performance and music. We are developing positive social connections and relationships for young people and their parents and friends within our community. We are doing this by providing a facility (Steel Band) that students from ethnic minority backgrounds can relate to. An inclusive community group where students and parents can work together to improve the quality of life for everybody. Our concerts have been successful events reaching a wider audience within the Community, often complimented on both the high quality of the performance and the fun filled atmosphere we have surrounding them. Students who have attended our workshops and Junior Band have also had the valuable experience of performing with the support of our main band for the wider Community. Concerts performed in the local area include: Urban Arts Festival - Wealdstone Square King's Coronation - Pinner Village Gardens King's Coronation - Headstone Manor and Museum Harrow Arts Centre World Music Festival with Harrow Music Service Orley Farm - Summer School Fair Windrush event - Harrow Music Service Pinner Memorial Park - Annual Music Event One Week Summer School West Harrow Park - Summer Event Star Pub, South Harrow- Family Event ## **Public benefit** The Trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the charity's aims, objectives and activities and are satisfied that they fully meet it. ## **Volunteers** Harrow Steel can rely on volunteer contributions principally from the Band Manager, Parents, Trustees and former students who contribute time and energy in helping stage concerts and assist in the day to day running of the charity. We are incredibly grateful for efforts and contributions of the volunteers. Page 1 ## **HARROW STEEL** ## **Report of the Trustees for the Year Ended 12 December 2023** ## **ACHIEVEMENT AND PERFORMANCE Charitable activities** The local community have enjoyed the interaction and arts activities/concerts, we provide. Our rehearsals and workshops have: a) Improved mental health and wellbeing whilst giving young people skills they need for employment such as teamwork, leadership skills, ability to interact with students from different ethnic backgrounds. b) Improved the quality of life by our commitment to perform regularly within the community. c) Promoted social inclusion for those who have poor educational skills or attainment, disability or who feel excluded due to their ethnic origin or religion. d) Provided a leisure time activity to improve aspiration and employment opportunities and enable them to participate in society as mature and responsible individuals. We will continue to encourage, develop and resume positive social connections and relationships for young people within our community. In the coming year we hope to be able to continue our regular rehearsals and to perform regularly in the local area. We also hope to be able to continue our aim to bring the local community together to improve mental health and wellbeing and expand this to have a wider reach and impact. ## Rehearsals and Workshops: Rehearsals for the Junior Band are weekly during term time and most of our students have now been learning for 3 years and some are progressing towards the Senior Band. The Senior Band rehearses weekly during term time and this year we have been able to recruit a number of new members who have shown a great deal of commitment. We were able to provide a Summer Workshop, in addition providing a boost to their mental health, a supportive social environment and an outlet for their creative endeavours. Both the musicians and our staff deserve high praise and credit for their resilience and hard work to make these a success during these difficult times. ## **FINANCIAL REVIEW** ## **Financial position** We received £22,678 and spent £16,531. We had a balance of £15,783 at the end of the year. ## **Principal funding sources** The charity's principal sources of funds are from John Lyon. ## **Reserves policy** Now that we have received additional funding the charity's policy will be to hold a reserve of £8,208. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing and Charity Constitution** Harrow Steel is a Charitable Incorporated Organisation run by the trustees. ## **Recruitment and appointment of new trustees** We recruit local community personnel who have shown an interest or have participated in the playing of Steel Pans in their youth. These personnel were elected to their post or volunteered. In future we will advertise roles for volunteer trustees based on the skills required. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1186948 ## **Principal address** 16 Burwood Avenue Pinner HA5 2RZ Page 2 ## **HARROW STEEL** ## **Report of the Trustees for the Year Ended 12 December 2023** ## **Trustees** M Benson (Chair) G Rance (Secretary) A M Hallett (Treasurer) T Hallett (Assistant Treasurer) O Akinjiola Z Keighley H R Rimmer L Philip L Henry-Wordsworth (appointed 25.9.23) Y N Yee (appointed 6.3.24) 07/07/2024 Approved by order of the board of trustees on ............................................. and signed on its behalf by: ........................................................................ M Benson - Trustee Page 3 ## **HARROW STEEL** ## **Statement of Financial Activities for the Year Ended 12 December 2023** |Unrestricted
Restricted
fund
funds
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
5,241
16,000
Other trading activities
2
1,437
-
**Total**
6,678
16,000
**EXPENDITURE ON**
**Charitable activities**
Tutor
-
10,203
Internet costs
-
288
Assistants
-
1,206
Insurance
-
331
Event travel
-
790
Sundries
-
-
Repairs
-
1,419
Promotional activities
-
266
Training and DBS
-
151
Printing and stationery
-
-
Depreciation of equipment
-
377
**Total**
-
15,031
**NET INCOME**
6,678
969
**RECONCILIATION OF FUNDS**
Total funds brought forward
9,105
2,197
**TOTAL FUNDS CARRIED FORWARD**
15,783
3,166|2023
Total
funds
£
21,241
1,437
22,678
10,203
288
1,206
331
790
-
1,419
266
151
-
377
15,031
7,647
11,302
18,949|_2022_
_Total_
_funds_
_£_
_23,525_
_1,200_| |---|---|---| |||_24,725_| |||11,003
878
_1,780_
_297_
_1,825_
187
_1,614_
_2,506_
_65_
_185_
_227_| |||_20,567 _| |||_4,158_
_7,144_| |||_11,302 _| The notes form part of these financial statements Page 4 ## **HARROW STEEL** ## **Balance Sheet 12 December 2023** |Unrestricted
Restricted
fund
funds
Notes
£
£
**FIXED ASSETS**
Tangible assets
5
-
3,166
**CURRENT ASSETS**
Cash at bank
15,783
-
**NET CURRENT ASSETS**
15,783
-
**TOTAL ASSETS LESS CURRENT LIABILITIES**
15,783
3,166
**NET ASSETS**
15,783
3,166
**FUNDS**
6
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|2023
Total
funds
£
3,166
15,783
15,783
18,949
18,949
15,783
3,166
18,949|_2022_
_Total_
_funds_
_£_
_2,043_
_9,259_
_9,259_
_11,302_
_11,302 _
9,105
2,197
11,302| |---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. 15/07/2024 and were signed on its behalf by: ............................................. M Benson - Trustee The notes form part of these financial statements Page 5 **HARROW STEEL** ## **Notes to the Financial Statements for the Year Ended 12 December 2023** ## **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. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. ## Equipment - 10% 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. ## **2. OTHER TRADING ACTIVITIES** |**OTHER TRADING ACTIVITIES**||| |---|---|---| ||2023|_2022_| ||£|_£_| |Fundraising events|1,437|_1,200_| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 12 December 2023 nor for the year ended 12 December 2022. ## **Trustees' expenses** There were no trustees’ expenses paid for the year ended 12 December 2023 nor for the year ended 12 December 2022. Page 6 continued... ## **HARROW STEEL** ## **Notes to the Financial Statements - continued for the Year Ended 12 December 2023** |**4.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|||| |---|---|---|---|---|---| |||Unrestricted||Restricted|
Total| |||fund||funds|funds| |||£||£|£| ||**INCOME AND ENDOWMENTS FROM**||||| ||Donations and legacies|4,525||19,000|23,525| ||Other trading activities|1,200||-|1,200| ||**Total**|5,725||19,000|24,725| ||**EXPENDITURE ON**||||| ||**Charitable activities**||||| ||Tutor|300||10,703|11,003| ||Internet costs||-|878|878| ||Assistants||-|1,780|1,780| ||Insurance||-|297|297| ||Event travel||-|1,825|1,825| ||Sundries||-|187|187| ||Repairs||-|1,614|1,614| ||Promotional activities||-|2,506|2,506| ||Training and DBS||-|65|65| ||Printing and stationery||-|185|185| ||Depreciation of equipment||-|227|227| ||**Total**|300||20,267|20,567| ||**NET INCOME/(EXPENDITURE)**|5,425||(1,267)|4,158| ||**RECONCILIATION OF FUNDS**||||| ||Total funds brought forward|3,680||3,464|7,144| ||**TOTAL FUNDS CARRIED FORWARD**|9,105||2,197|11,302| |**5.**|**TANGIBLE FIXED ASSETS**||||| ||||||Equipment| ||||||£| ||**COST**||||| ||At 13 December 2022||||2,270| ||Additions||||1,500| ||At 12 December 2023||||3,770| ||**DEPRECIATION**||||| ||At 13 December 2022||||227| ||Charge for year||||377| ||At 12 December 2023||||604| ||**NET BOOK VALUE**||||| ||At 12 December 2023||||3,166| ||At 12 December 2022||||_2,043_| Page 7 continued... ## **HARROW STEEL** ## **Notes to the Financial Statements - continued for the Year Ended 12 December 2023** ## **6. MOVEMENT IN FUNDS** |**MOVEMENT IN FUNDS**||||| |---|---|---|---|---| ||||Net|| ||At|movement||At| ||13.12.22|in funds||12.12.23| ||£||£|£| |**Unrestricted funds**||||| |Unrestricted|9,105||6,678|15,783| |**Restricted funds**||||| |John Lyon|2,044||1,122|3,166| |Woodward Trust|46||(46)|-| |Young Harrow Foundation Build Back||||| |Better|107||(107)|-| ||2,197||969|3,166| |**TOTAL FUNDS**|11,302||7,647|18,949| |Net movement in funds, included in the above are as follows:||||| ||Incoming|Resources||Movement| ||resources|expended||in funds| ||£||£|£| |**Unrestricted funds**||||| |Unrestricted|6,678||-|6,678| |**Restricted funds**||||| |John Lyon|16,000|(14,878)||1,122| |Woodward Trust|-||(46)|(46)| |Young Harrow Foundation Build Back||||| |Better|-||(107)|(107)| ||16,000|(15,031)||969| |**TOTAL FUNDS**|22,678|(15,031)||7,647| Page 8 continued... ## **HARROW STEEL** **Notes to the Financial Statements - continued for the Year Ended 12 December 2023** ## **6. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |||Net|| |---|---|---|---| ||At|movement|At| ||13.12.21|in funds|12.12.22| ||£|£|£| |**Unrestricted funds**|||| |Unrestricted|3,680|5,425|9,105| |**Restricted funds**|||| |John Lyon|487|1,557|2,044| |Harrow Giving|2,644|(2,644)|-| |Woodward Trust|226|(180)|46| |Young Harrow Foundation Build Back|||| |Better|107|-|107| ||3,464|(1,267)|2,197| |**TOTAL FUNDS**|7,144|4,158|11,302| |Comparative net movement in funds, included in the above are as follows:|||| ||Incoming|Resources|Movement| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |Unrestricted|5,725|(300)|5,425| |**Restricted funds**|||| |John Lyon|16,000|(14,443)|1,557| |Harrow Giving|-|(2,644)|(2,644)| |Woodward Trust|-|(180)|(180)| |Young Harrow Foundation Build Back|||| |Better|3,000|(3,000)|-| ||19,000|(20,267)|(1,267)| |**TOTAL FUNDS**|24,725|(20,567)|4,158| Page 9 continued... ## **HARROW STEEL** ## **Notes to the Financial Statements - continued for the Year Ended 12 December 2023** ## **6. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |||Net|| |---|---|---|---| ||At|movement|At| ||13.12.21|in funds|12.12.23| ||£|£|£| |**Unrestricted funds**|||| |Unrestricted|3,680|12,103|15,783| |**Restricted funds**|||| |John Lyon|487|2,679|3,166| |Harrow Giving|2,644|(2,644)|-| |Woodward Trust|226|(226)|-| |Young Harrow Foundation Build Back|||| |Better|107|(107)|-| ||3,464|(298)|3,166| |**TOTAL FUNDS**|7,144|11,805|18,949| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |Unrestricted|12,403|(300)|12,103| |**Restricted funds**|||| |John Lyon|32,000|(29,321)|2,679| |Harrow Giving|-|(2,644)|(2,644)| |Woodward Trust|-|(226)|(226)| |Young Harrow Foundation Build Back|||| |Better|3,000|(3,107)|(107)| ||35,000|(35,298)|(298)| |**TOTAL FUNDS**|47,403|(35,598)|11,805| John Lyon has funded the teaching of steel pans and the travel costs associated with staging performances in the local community. Page 10 continued... ## **HARROW STEEL** ## **Notes to the Financial Statements - continued for the Year Ended 12 December 2023** ## **7. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 12 December 2023. Page 11 ## **HARROW STEEL** ## **Detailed Statement of Financial Activities for the Year Ended 12 December 2023** |**Detailed Statement of Financial Activities**
**for the Year Ended 12 December 2023**||| |---|---|---| ||2023|_2022_| ||£|_£_| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|1,541|_4,525_| |Grants|19,700|_19,000_| ||21,241|_23,525_| |**Other trading activities**||| |Fundraising events|1,437|_1,200_| |**Total incoming resources**|22,678|_24,725_| |**EXPENDITURE**||| |**Charitable activities**||| |Insurance|331|_297_| |Tutor|10,203|_11,003_| |Assistants|1,206|_1,780_| |Internet costs|288|_878_| |Training and DBS|151|_65_| |Sundries|-|_187_| |Event travel|790|_1,825_| |Repairs|1,419|_1,614_| |Promotional items|266|_2,506_| |Printing and stationery|-|_185_| |Depn of equipment|377|_227_| ||15,031|_20,567 _| |Total resources expended|15,031|_20,567 _| |**Net income**|7,647|_4,158_| This page does not form part of the statutory financial statements Page 12