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2023-08-31-accounts

REGISTERED COMPANY NUMBER: 13726080 (England and Wales) REGISTERED CHARITY NUMBER: 1200877

HARMONY IN EDUCATION

(A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORT AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

HARMONY IN EDUCATION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

Page
Reference and Administrative Details 1
Trustees’ Report 2 to 12
Independent Examiner's Report 13
Statement of Financial Activities 14
Statement of Financial Position 15
Notes to the Financial Statements 16 to 20
Detailed Statement of Financial Activities 21 to 22

HARMONY IN EDUCATION

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 AUGUST 2023

TRUSTEES

Mr J S Agombar Mr J Cavill Ms L Khan Dr T M Willy

COMPANY SECRETARY

Ms R M Lewis

REGISTERED OFFICE

20 Annett Road Walton-on-Thames KT12 2JR

REGISTERED COMPANY 13726080 (England and Wales) NUMBER

REGISTERED CHARITY NUMBER

1200877

INDEPENDENT EXAMINER

TCA (Shrewsbury) LLP Third Floor 21 St Mary's Street Shrewsbury Shropshire SY1 1ED

Page 1

HARMONY IN EDUCATION

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023

– Trustees Annual Report Harmony in Education

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 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).

1 - Introduction

Welcome to the inaugural Trustees’ Annual Report for Harmony in Education, a charity which trades as The Harmony Project (THP).

As stated above this report covers the year 1[st] September 2022 – 31[st] August 2023.

THP established itself as a charity on 1[st] April 2023, under the name Harmony in Education (charity number 1200877). Since April 2017, THP had been treated as a project within another charity called the Sustainable Food Trust (SFT).

On 2[nd] November 2022 THP was granted charitable status by the Charity Commission. From 1[st] April 2023 the activities of THP were transferred to Harmony in Education, to continue from thereon.

2 - Objectives and Activities

Charitable Purposes

THP’s purposes, as set out in the Articles of Association, are as follows:

“The Charity’s objects are to advance education for the benefit of the public in particular but without limitation by supporting schools and teachers to deliver education using nature and the natural environment.”

In operational terms the overall aim of THP is to create a flourishing network of Harmony schools in the UK and around the world, which offer pupils a meaningful education that empowers them to be active in creating a more sustainable future.

Main Activities in Relation to the Purposes

Our main activities fall into 5 areas:

  1. Curriculum & Resources

  2. Training & Support

  3. Marketing & Research

  4. Education Policy

  5. International Harmony

These are supported by core functions of income generation, operations and governance.

Page 2

HARMONY IN EDUCATION

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023

The specific activities within each of these areas are as follows.

  1. Curriculum & Resources

  2. a. Design a Harmony curriculum which allows schools to adopt a Harmony approach to learning.

  3. b. Research and produce high quality, beautiful, well researched teaching resources that facilitate the delivery of a Harmony curriculum

  4. Training & Support

  5. a. Provide training and support to schools and teaching staff

  6. b. Provide training and support to trainee teachers

  7. Marketing & Research

  8. a. Market and promote the Harmony approach and philosophy i.e. brand

  9. b. Market and promote Harmony products & services i.e. resources and training

  10. c. Research the impact and benefits of our work on the attainment and well-being of pupils

  11. Education Policy

  12. a. Influence education policy towards a Harmony approach to learning

  13. International Harmony

  14. a. Support international partners in developing Harmony for their context

Delivery Of Public Benefit

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the charity commission relating to public benefit and in particular to its supplementary public benefit guidance.

There are 3 keys ways in which THP delivers public benefit, as follows:

We are a new charity, and in this first year of operation have been establishing our aims, objectives and activities.

Each year we will use our Trustees Annual Report to review our aims, objectives and activities. The review will look at what we achieved and the outcomes of our work in the previous 12 months. The review will assess the success of each key activity and the benefits they have brought to those groups of people we are set up to help. The review will also help us ensure our aims, objectives and activities remained focused on our stated charitable purposes.

We will continue to refer to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees will consider how planned activities will contribute to the aims and objectives they have set.

Page 3

HARMONY IN EDUCATION

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023

Grant Making Policy

Part of our work includes the sub-granting of funds to schools to support teaching and learning that is using the Harmony approach. A copy of our grant making policy is available on our website.

3 - Achievements and Future Plans

This section outlines the achievements and performance during this year, in the 5 strategic areas of:

  1. Curriculum & Resources

  2. Training & Support

  3. Marketing & Research

  4. Education Policy

  5. International Harmony

This section also outlines future plans for the charity.

Curriculum & Resources

During this year our activity in this area was as follows:

The key stakeholder and public benefits delivered by these activities are:

Page 4

HARMONY IN EDUCATION

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 AUGUST 2023

Training & Support

During this year our activity in this area was as follows:

The key stakeholder and public benefits delivered by these activities are:

Page 5

HARMONY IN EDUCATION

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023

Marketing & Research

During this year our activity in this area was as follows:

The key stakeholder and public benefits delivered by these activities are:

Education Policy

During this year our activity in this area was as follows:

The key stakeholder and public benefits delivered by these activities are:

Page 6

HARMONY IN EDUCATION

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 AUGUST 2023

International Harmony

During this year our activity in this area was as follows:

Rather than repeat the key stakeholder and public benefits outline above, it is true to say that all the benefits delivered by our curriculum work, our training work, our marketing and our education policy work are true for all the countries we are working with internationally. In all parts of the world, it has never been more important that we give our children an education that is fit for these times and full of hope.

Operations & Governance

Achievements during the year included:

Page 7

HARMONY IN EDUCATION

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 AUGUST 2023

Future Plans

Over the 2023 – 24 year our plans are as follows:

4 - Financial Review

Going Concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Funding Sources

HiE seeks to secure funds from diverse sources, including trusts, foundations and individual donors.

During the year, 68% of funds were secured from trusts and foundations, 31% from individual donors, and 1% from charitable activities and other fees. These funds have been used to support our work of curriculum and resource development, support and training, marketing, influencing education policy and international work. They have also supported our core functions of operations, governance and fundraising.

Financial Position – Results and Risk

As new charity, HiE is in the early stages of establishing its financial position, and as such has set a target of growing its unrestricted reserves year on year to the point of holding adequate reserves by the end of the 25-26 year, i.e. 3 years into its existence.

Total income for 2022/23 was £264,171 and expenditure £201,370 giving a surplus of £62,801. £9,618 of which is unrestricted and £53,633 of which is restricted . All funds came from the UK.

Page 8

HARMONY IN EDUCATION

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023

At the start of the new financial year (2023/24), we had 20% of funds required for the year secured. Our situation requires an ongoing and diligent approach to fundraising and budget management. This is increasingly important as the organisation grows and at a time of inflationary pressure.

The key risk facing HiE at the end of this period is the ability to generate sufficient income to support the growth plans. As a new charity in the early stages of delivering a new curriculum and resources we are still building the evidence base that will give funders the confidence in our work. It is therefore our intention to manage this risk in two ways; by continuing to nurture strong relationships with those individual donors who have supported us to date and by beginning to build a body of evidence that can show funders how our approach improves outcomes for pupils and schools.

We are acutely aware that schools themselves are facing a funding crisis, and therefore whilst we can generate some income from training and CPD we cannot generate significant income from selling resources and training to state sector schools. We will continue to focus our income generation efforts on donors, trusts and foundations and consultancy at the Multi Academy Trust and Local Authority levels.

Reserves Policy

The Board of Trustees has examined the organisation’s requirements for reserves in light of the main risks to which it may be exposed. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the organisation should ideally be 3 months worth of expenditure. We did not meet the requirements of this policy, as the total unrestricted reserves at 31[st] August 2023 was £9,168 (equivalent to 0.3 months’ worth) with free reserves (following a deduction of the value of fixed assets) being £8,402.

In respect of the 2023/24 financial year, at September 2023 the intention was to achieve a surplus of £25k. The intention was to do the same in the following two years, with a view to growing unrestricted reserves to the point that they meet the reserves policy by the end of 2025/26. Our intention is to steadily grow our reserves over these initial years, in order to enable the organisation to establish stability in terms of staff and work capacity, without putting the organisation at undue financial risk.

Reserves are needed to safeguard the work of HiE and the Board of trustees are confident that at this level they would be able to continue the main core services in the event of a significant drop in funding.

The reserves policy was most recently revisited during the 2023/24 financial year and deemed to be at the appropriate level. The trustees actively monitor the financial performance of HiE and consider at every Board meeting the extent to which activities and expenditure might need to be curtailed should circumstances arise that would require this. If there is any uncertainty during a scheduled Board meeting, an additional process is triggered in which the Board receive an interim financial report with recommendations.

Fundraising

All fundraising carried out by HiE is done under the direct guidance of the Director. He keeps in regular contact with major donors and has close involvement in the preparation of grant applications. Other staff involved in fundraising include the Head of Business Development and Operations. HiE does not use external professional fundraisers, and neither the organisation nor any of its staff subscribe to any fundraising standards scheme. We do not employ heavy-handed or unreasonably persistent approaches to fundraising, and whilst we invite donations through our website, we do not actively pursue our supporters with direct requests. During the year, the Charity did not receive any complaints about its fundraising activities.

Page 9

HARMONY IN EDUCATION

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023

Disclosure of Trustee Donations

During the year, Trustees made donations to the Sustainable Food Trust, the charity originally running The Harmony Project, totalling £30,000 (2022: £nil).

5 - Structure, Governance and Management

HiE is a charitable company limited by guarantee and was incorporated on 5[th] November 2021. It became a registered charity with the Charity Commission for England and Wales on 2[nd] November 2022. The company was established under a set of Articles of Association, which set out the objects and powers of the organisation. There are no members.

The directors of the company are also the trustees of the charity. Trustees have control of the organisation, its funds and assets, and are responsible for overall strategic and operational management. They are not subject to retirement by rotation and there are not fixed periods of service. All trustees give their time voluntarily and receive no benefits from the charity. Any out of pocket expenses reclaimed from the charity are set out in note 4 to the accounts. They are inducted and trained by other trustees and in consultation with the Director.

Due to the nature of the charity’s work, the Board is made up of representatives from the education and sustainability sectors. We have carried out a skills audit of the Board and have identified that we would benefit from expanding the Board to include representatives with commercial and legal experience. In order to ensure we maintain a broad mix of skills we will carry out the skills audit on an annual basis, and in the event of particular skills being lost due to retirements, individuals will be approached and invited to join the Board.

Board meetings take place every 4 months. Prior to meetings, the Director’s report is circulated along with management accounts and any other relevant documents. In between meetings, the Board is kept up to date with regular emails from the Director and senior staff.

Day to day management of the organisation is delegated to the Director who manages a team of staff and consultants. The structure of HiE on 31 August 2023, is shown below:

----- Start of picture text -----
Director
Head of Business Content & Website
Development & Operations Development Lead
Events & Project Coordinator Geometry Resources Social Media Assistant
Development Coordinator
----- End of picture text -----*

Page 10

HARMONY IN EDUCATION

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023

HiE’s remuneration procedure stipulates that the pay of all senior staff, including the Director, is reviewed and set by the Board of Trustees at their regular Board meetings and, as for all staff, should be guided by the principles of internal equity and external parity. Except in instances of staff roles changing, salaries are reviewed yearly and any changes based on both internal and external factors, including staff performance.

Risk Management

The trustees have assessed the major risks to which the organisation is exposed and are satisfied that systems are in place to mitigate exposure. Policies and procedures have been drawn up to ensure compliance with relevant legislation and which enable appropriate authorisation of transactions and activities. The Board has identified the top three risks posed to the organisation, which are outlined in the table below, along with the controls that have been put in place to mitigate those risks. Two of these risks are financial and are referenced in the finance section of this report.


those risks. Two of these risks are financial
and are referenced in the finance section of this report.
Economic climate impacts schools’
willingness to invest in new approach		 •
Strong focus on fundraising from individual donors and
philanthropic sources
•
Recruitment of highly influential Head of Schools and
Outreach ensures Leadership Teams see value of switching.
Poor relationships with funders or
unsatisfactory returns on fundraising
(especially in light of the relatively small
number of major donors upon whom we
rely).		 •
Fundraising plan developed and regularly updated
•
System in place to monitor and record outcomes of funded
activities.
•
Income streams diversified where possible, although this is
weighed up against time and resources available to cultivate
new potential funders
•
Major funders briefed on progress regularly.
•
Funder terms and conditions reviewed carefully and complied
with, including dates for reporting back.
Loss of key staff •
Plans and projects are documented to enable effective
handovers.
•
Staff reviews carried out at least annually, with opportunities to
raise issues in between.
•
Remuneration levels bear the importance of staff retention in
mind, and procedures set to ensure internal equity and
external parity.
•
Staff are kept up to date with organisational developments and
impact, and are actively engaged in organisational planning
and strategic development

As a charity that works in the education sector, safeguarding is a top priority. All members of staff are subject to an enhanced DBS check and undergo annual safeguarding training.

Page 11

HARMONY IN EDUCATION

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2023

TRUSTEES' RESPONSIBILITY STATEMENT

The trustees (who are also the directors of Harmony in Education for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

................................................................. Mr J S Agombar - Trustee

Page 12

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HARMONY IN EDUCATION

Independent examiner's report to the trustees of Harmony in Education ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2023.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 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 member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

C Moelwyn Williams BSc FCA

TCA (Shrewsbury) LLP Third Floor 21 St Mary's Street Shrewsbury Shropshire SY1 1ED

Date: .............................................

Page 13

HARMONY IN EDUCATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
85,139
Charitable activities
General
1,621
Investment income
2
381
Other income
30
Total
87,171
EXPENDITURE ON
Charitable activities
General
78,003
NET INCOME
9,168
RECONCILIATION OF FUNDS
Total funds brought forward
-
TOTAL FUNDS CARRIED FORWARD
9,168		 Year Ended
31.8.23
Restricted
Total
funds
funds
£
£
177,000
262,139
-
1,621
-
381
-
30
177,000
264,171
123,367
201,370
53,633
62,801
-
-
53,633
62,801		 Period
5.11.21
to
31.8.22
Total
funds
£
9,722
186
1
350
10,259
10,259
-
-
-

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 14

HARMONY IN EDUCATION

STATEMENT OF FINANCIAL POSITION 31 AUGUST 2023

Unrestricted
Restricted
fund
funds
Notes
£
£
FIXED ASSETS
Tangible assets
7
766
-
CURRENT ASSETS
Debtors
8
5,450
-
Cash at bank
11,807
53,633
17,257
53,633
CREDITORS
Amounts falling due within one year
9
(8,855)
-
NET CURRENT ASSETS
8,402
53,633
TOTAL ASSETS LESS CURRENT
LIABILITIES
9,168
53,633
NET ASSETS
9,168
53,633
FUNDS
10
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2023
Total
funds
£
766
5,450
65,440
70,890
(8,855)
62,035
62,801
62,801
9,168
53,633
62,801		 2022
Total
funds
£
-
-
10,139
10,139
(10,139)
-
-
-
-
-
-

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

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

............................................. Mr J S Agombar - Trustee

The notes form part of these financial statements

Page 15

HARMONY IN EDUCATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

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.

Computer Equipment - 25% straight line

Taxation

The charity is exempt from corporation 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.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Page 16

continued...

HARMONY IN EDUCATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023

1. ACCOUNTING POLICIES - continued

Cash at bank and in hand

Cash at bank and in hand includes cash and short-term 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.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2. INVESTMENT INCOME

INVESTMENT INCOME
Period
5.11.21
Year Ended to
31.8.23 31.8.22
£ £
Bank interest received 381 1

3. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Period
5.11.21
Year Ended to
31.8.23 31.8.22
£ £
Depreciation - owned assets 256 -

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the period ended 31 August 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2023 nor for the period ended 31 August 2022.

Page 17

continued...

HARMONY IN EDUCATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023

5. STAFF COSTS

The average monthly number of employees during the year was as follows:

Period Period
5.11.21
Year Ended to
31.8.23 31.8.22
General activities 3 -
No employees received emoluments in excess of £60,000.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted		 Total
fund funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 9,722 - 9,722
Charitable activities
General
186 - 186
Investment income 1 - 1
Other income 350 - 350
Total 10,259 - 10,259
EXPENDITURE ON
Charitable activities
General
10,259 - 10,259
NET INCOME - - -
TOTAL FUNDS CARRIED FORWARD - - -
7. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
Additions 1,022
DEPRECIATION
Charge for year 256
NET BOOK VALUE
At 31 August 2023 766
At 31 August 2022 -

Page 18

continued...

HARMONY IN EDUCATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023

8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
10.
MOVEMENT IN FUNDS
At 1.9.22
£
Unrestricted funds
General fund
-
Restricted funds
Aurora Trust
-
JJ Foundation
-
The Prince of Wales's Charitable Fund
-
-
TOTAL FUNDS
-
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
87,171
Restricted funds
Aurora Trust
42,000
JJ Foundation
60,000
The Prince of Wales's Charitable Fund
75,000
177,000
TOTAL FUNDS
264,171		 2023
2022
£
£
450
-
5,000
-
5,450
-
2023
2022
£
£
1,779
-
4,715
-
801
-
1,560
10,139
8,855
10,139
Net
movement
At
in funds
31.8.23
£
£
9,168
9,168
379
379
15,489
15,489
37,765
37,765
53,633
53,633
62,801
62,801
Resources
Movement
expended
in funds
£
£
(78,003)
9,168
(41,621)
379
(44,511)
15,489
(37,235)
37,765
(123,367)
53,633
(201,370)
62,801

Page 19

continued...

HARMONY IN EDUCATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023

10. MOVEMENT IN FUNDS - continued

Restricted Funds

Aurora Trust Fund - This fund is for work funded by the Aurora Trust, focussing on action research of the potential for a Nature Premium to be developed for schools. Some of the funds from this grant are sub-granted onto schools.

JJ Foundation Fund - This fund is for work funded by the JJ Foundation, to develop a suite of geometry teaching resources and to support our Resources Development Co-ordinator role.

The Prince of Wales's Charitable Fund - This fund is for work funded by the Prince of Wales Charitable Fund (known as the King Charles Charitable Fund from early 2024), to develop resources and to fund the Business Development and Operations Manager role.

11. EMPLOYEE BENEFIT OBLIGATIONS

The charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,292. Contributions totalling £684 were payable to the fund at the balance sheet date and are included in creditors.

12. RELATED PARTY DISCLOSURES

During the year, Trustees made donations to the Sustainable Food Trust, the charity originally running

The Harmony Project, totalling £30,000 (2022: £nil).

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HARMONY IN EDUCATION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023

Period
5.11.21
Year Ended to
31.8.23 31.8.22
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 80,139 9,722
Gift aid 5,000 -
Grants 177,000 -
262,139 9,722
Investment income
Bank interest received 381 1
Charitable activities
Sale of Teacher's guides 801 186
Consultancy 250 -
Training 570 -
1,621 186
Other income
Bank compensation - 350
Other Income 30 -
30 350
Total incoming resources 264,171 10,259
EXPENDITURE
Charitable activities
Wages 89,196 -
Social security 3,514 -
Pensions 2,292 -
Donations & Grants paid 29,001 10,256
Consultancy 22,805 -
Travel and subsistence 1,145 -
Design and Print 3,543 -
Events 25,154 -
176,650 10,256
Support costs
Finance
Bank charges - 3
Other
Postage and stationery 155 -
Carried forward 155 -

This page does not form part of the statutory financial statements

Page 21

HARMONY IN EDUCATION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023

Period
5.11.21
Year Ended to
31.8.23 31.8.22
£ £
Other
Brought forward 155 -
Consultancy 11,697 -
Design & print 1,797 -
IT Consultancy and software 4,753 -
Professional Fees 1,195 -
Accommodation, travel and subs 2,559 -
Other support costs 448 -
Independent Examiners fee 1,860 -
Computer equipment depreciation 256 -
24,720 -
Total resources expended 201,370 10,259
Net income 62,801 -

This page does not form part of the statutory financial statements

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