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2024-08-31-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 2024

HARMONY IN EDUCATION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

Page
Reference and Administrative Details 1
Trustees' Report 2 to 14
Independent Examiner's Report 15
Statement of Financial Activities 16
Statement of Financial Position 17
Notes to the Financial Statements 18 to 23

HARMONY IN EDUCATION

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 AUGUST 2024

TRUSTEES

Mr J S Agombar Mr J Cavill Ms L Khan Dr T M Willy Ms T Carrigan (appointed 15.11.24) Mr S Gulati (appointed 15.11.24)

COMPANY SECRETARY

Mrs J M Jones

REGISTERED OFFICE

20 Annett Road Walton-on-Thames KT12 2JR

REGISTERED COMPANY NUMBER

13726080 (England and Wales)

REGISTERED CHARITY NUMBER

1200877

INDEPENDENT EXAMINER

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

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HARMONY IN EDUCATION

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2024

– Trustees Annual Report Harmony in Education

The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the financial statements of Harmony in Education (the charitable company) for the year ended 31 August 2024. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP), 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 Trustees’ Annual Report for Harmony in Education, a charity which trades as The Harmony Project (THP).

As stated above this report covers the year 1st September 2023 – 31st August 2024.

Since April 2017, THP had been a project within another charity called the Sustainable Food Trust (SFT). On 2nd November 2022, THP was granted charitable status by the Charity Commission. From 1st April 2023 the activities of THP were transferred to Harmony in Education, to continue from thereon under the name Harmony in Education (charity number 1200877).

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.

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HARMONY IN EDUCATION

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2024

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 second 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.

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HARMONY IN EDUCATION

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2024

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 our future plans for the charity.

Curriculum & Resources

Overview: Significant progress was made on the creation and refinement of curriculum-aligned teaching materials, including enquiry overview grids, science lesson packs, and new geometry resources. We finalised 36 enquiry overviews (six per year group, Years 1–6), each contextualised with Harmony principles, and created cover sheets and introductory content to support teacher understanding and implementation.

Science Subject Leader Handbook and Lesson Packs : We published our first Science Subject Leader’s Handbook, incorporating current Ofsted guidance and inspection insights, supported by exemplar lesson plans for Years 1, 3 and 5. These were trialled in schools with accompanying feedback surveys, contributing to our plan to develop a full suite of science resources across all year groups in 2024/25, supported by freelance specialists and sub-editors.

Geometry Resources : Three geometry packs — exploring star patterns, the solar system, and flowers — were launched as paid resources, with a fourth, focused on native trees in autumn, also completed. Packs for Islamic art, Ancient Egypt, Ancient Greece, and Anglo-Saxon art are in development. All resources have been trialled in schools with positive teacher feedback, and we are now using an experienced freelance sub-editor to streamline production.

National Curriculum Coverage and Subject Progression : We completed National Curriculum mapping documents across Years 1–6 and began developing progression guidance for the six Harmony principles. Feedback from schools indicates these documents support curriculum planning clarity and reinforce confidence in implementing a Harmony curriculum.

Cross-Sector Collaboration : We developed the Little Rollright Teacher Guide and Children’s Booklet in partnership with Little Rollright Farm and What on Earth Books, offering engaging content on food, farming, and sustainability to enhance children's understanding of food origins. These materials will soon be trialled in local schools, with further opportunities for consultancy support and funding through this relationship.

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

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HARMONY IN EDUCATION

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2024

Training & Support

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

School Engagement and Feedback : We visited five schools in Dorset to gather feedback on the Principle Progression documents and proposals for a future ‘Accreditation Pathway’. School leaders responded positively, particularly valuing the opportunity for professional dialogue and support in shaping a whole-school Harmony curriculum approach.

Development of Accreditation Pathway : Feedback from individual and online consultations has informed the early design of a proposed ‘Accreditation Pathway’. Schools expressed that the structured guidance, peer learning opportunities, and subject-specific support embedded in the model would be beneficial for deepening Harmony practice across their settings.

Launch of School Leaders’ Partnership Programme (SLPP) : We initiated a pilot of the SLPP with four Dorset primary schools, supported by dedicated funding. Planning sessions are underway with school leaders, including the first all-staff meeting at Milborne St Andrew, setting the foundation for a collaborative network focused on implementing Harmony principles in schools.

Continued Support for Harmony Accreditation : We continued to support two schools in progressing their applications for Harmony Accreditation. This includes tailored CPD and curriculum development guidance, as well as sharing insights and resources from our wider work to inform their journey.

Training and CPD Delivery : INSET sessions were delivered to 12 schools in Greater Manchester and to the PSB network at Castle Court School, Dorset. These sessions introduced the Harmony approach, including principle progression and its integration into core curriculum areas, and supported national pilot fieldwork for a new NP initiative.

Tailored Curriculum Support and Resource Evaluation : We provided ongoing, half-termly support to SLPP schools, helping them align Harmony principle progression with their own curricula. This work included evaluating new science planning materials and shaping future resource development in collaboration with Dorset and Cornwall school leaders.

Positive Impact and Growing Demand : Feedback from participating schools highlights the value of our tailored, relationship-based support model. Leaders particularly noted the benefit of shared experiences, localised guidance, and the clarity offered by principle progression tools in embedding Harmony more deeply in their schools.

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HARMONY IN EDUCATION

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2024

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

Marketing & Research

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

Strategic Communications and Branding : We continued to strengthen our digital communications across Facebook, Instagram, LinkedIn and Twitter (X), ensuring alignment with The Harmony Project’s tone of voice and visual identity as set out in our brand guide. Content included curated posts, videos, and collaborative messaging with partners to amplify reach and engagement.

Newsletter Performance and Reach : Our monthly e-newsletter has successfully highlighted core developments, events, and educational content, with an average open rate of 46%—well above the education sector benchmark of 28.5%. Two general updates were also shared across the wider network, with strong open rates of 51% and 44% respectively.

Development of Social Media Strategy : A full strategy document was completed to guide future communications, focusing on audience personas, tone of voice, content themes and brand development. This document will shape future content planning and is designed to strengthen our audience engagement and community growth across all platforms.

Digital Content Creation and Engagement : We produced and scheduled content across all channels, actively managing online engagement and responding to community interaction. This included promoting key initiatives, such as the launch of our geometry packs, with visuals and captions tailored to maximise visibility and resonance with our educational audiences.

Partner Collaboration and Cross-Promotion : We deepened collaboration with organisations such as Design for Change, Reboot the Future, Sustainable Food Trust and schools including Damers First and Redhill Prep, through joint posts and mutual tagging. These partnerships expanded our audience reach and enhanced visibility for both our work and that of our partners.

Direct Resource Marketing : A redesigned newsletter format was launched, combining education and general mailing lists. This platform now directly showcases our teaching resources—including taster content for our paid geometry packs—while also sharing stories, inspiration, and updates from across The Harmony Project’s activity.

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HARMONY IN EDUCATION

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2024

Thought Leadership and Blog Content : We supported the development of Richard Dunne’s blog presence on LinkedIn, sharing three thought leadership pieces to date and tracking audience engagement. We aim to increase blog frequency to at least fortnightly to provide timely reflections on education, sustainability and leadership.

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

Education Policy

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

Primary Curriculum Sustainability and Climate Change Review

We contributed to the near-complete national Primary Curriculum Sustainability and Climate Change Review, collaborating with leading experts from universities and curriculum development organisations. This important initiative is designed to embed sustainability more deeply across the primary curriculum, aligning closely with The Harmony Project’s educational mission.

Partnership with UCL’s Centre for Climate Change and Sustainability Education

Following a new connection through our network, we are building a relationship with UCL’s Centre for Climate Change and Sustainability Education. This partnership has strong potential for future collaboration and shared impact in promoting climate and sustainability learning in schools.

Food and Farming Education

We have continued to grow our partnership with the Sustainable Food Trust (SFT) to develop a network of ‘beacon farms’ promoting regenerative agriculture and sustainable food education. We aim to launch this national programme in 2024 with support from the Garfield Weston Foundation and are seeking additional funding for related secondary school projects in Bristol and Wales, focusing on procurement, food waste, and seasonal produce.

Serge Hill Project and HMP Bristol Collaboration

We are collaborating with the Serge Hill Project to create nature-based learning opportunities for schools in North-West London and Hertfordshire. Work at HMP Bristol has seen the establishment of a Harmony Garden and a popular beekeeping course led by the prison’s pastoral care team. These projects demonstrate the wide application of Harmony principles across both education and rehabilitation settings.

Biophilic School of Nature Concept

Preliminary discussions have begun with TG Escapes and Sir Tim Smit on the concept of a ‘Biophilic School of Nature’—a visionary learning environment rooted in natural systems and settings. While still in early development, the idea responds to a growing interest in nature-connected education as a counterbalance to digital learning.

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HARMONY IN EDUCATION

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2024

During the year, we have attended events such as:

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

International Harmony

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

Each partnership is unique, and the nature of the work encompasses the following:

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HARMONY IN EDUCATION

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 AUGUST 2024

We continued to translate the Harmony Teaching resources into other languages, with work beginning on translating the Geometry packs into Chinese. The total number of languages into which the teacher’s guide has been translated is 8.

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:

Future Plans – what is happening now – 3 year plan

Over the 2024 – 25 year our plans are to continue to:

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HARMONY IN EDUCATION

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2024

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, 61% of funds were secured from trusts and foundations, 37% from individual donors, and 2% 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

HiE is in the early stages of establishing its financial position and 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.

Total income for 2023/24 was £383,003 and expenditure was £351,487 giving an in-year surplus of £31,516. This surplus was comprised of a balance of £61,694 unrestricted funds and £(30,178) restricted funds.

The end of year total figures, including amounts brought forward (at 1[st] September 2023, of £9,168 unrestricted and £53,633 restricted), were; £70,862 unrestricted and £23,455 restricted.

The total final funds held were therefore £94,317.

At the start of the new financial year (2023/24), we had 62% 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, as last year, continues to be 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 have a letter of support from our major funder, the KCCF, which we will use to leverage match funding.

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 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 unrestricted expenditure. We did not meet the requirements of this policy, as the total unrestricted reserves at 31[st]

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HARMONY IN EDUCATION

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2024

August 2024 was £70,862 (equivalent to 2.5 months’ worth) with free reserves (following a deduction of the value of fixed assets) being £67,304.

In respect of the 2023/24 financial year, at September 2023 the intention was to achieve a surplus of £25k. The intention remains the same over 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. To have achieved a level of reserve equivalent to 2.5 months running cost show acceptable progress towards this goal.

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.

Disclosure of Trustee Donations

The aggregate Trustee donations to the charity was £0. (2023: Donations to the Sustainable Food Trust, the charity originally running The Harmony Project: £30,000).

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

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HARMONY IN EDUCATION

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2024

experience. 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 2024, is shown below:

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 and in accordance with current employment law and best practice.

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.

----- Start of picture text -----
Economic climate impacts schools’ Strong focus on fundraising from individual donors and
willingness to invest in new approach philanthropic sources
Recruitment of highly influential Head of Schools and
Outreach ensures Leadership Teams see value of
switching.
----- End of picture text -----

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HARMONY IN EDUCATION

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 AUGUST 2024

----- Start of picture text -----
Poor relationships with funders or Fundraising plan developed and regularly updated
unsatisfactory returns on fundraising System in place to monitor and record outcomes of funded
(especially in light of the relatively small activities.
number of major donors upon whom we Income streams diversified where possible, although this
rely). 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
----- End of picture text -----

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.

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HARMONY IN EDUCATION

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2024

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

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HARMONY IN EDUCAT]ON Independent examiner's report to the trust￿ of Ham)ony in Education I'the Company'l I report to the charity Iruslees on my examination of the accounts of the Company for the year ended 31 August 2024. ResponslblIl￿es and basis of report As the charty's trustees of the Company land also its directors for the purpose5 of company lawl you are responsible for the preparation of the ac¢¢xJnls in &cordarKe wrth the requirements of the Companies Act 20061.the 2006 Act.) Having satisfied mysew 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 rewrt in respect of my examination of your charrty's a¢¢ounls as carried out under Section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Dtrections gNen by the Charty Comrnission under SectlDn 145151 Ibl of the 2011 Act. Independent examiner's statement Since your charity's gross income exceeded £250.000 your examiner must ￿ a member of a listed body. I can confirm that l am qualified lo undertake the examination because l 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 confimi that no matters have corne lo my attention in COnnect￿n wrth the examination giving me cause lo believe.. accounting records were not kept in respect of the Ccfnparry as requir&J by Section 386 of the 2006 Act.. or the accounts do not accord wf(h those records.. or the accounts do not comply wf(h the accounting requioments of Section 396 of the 2006 Act other than any requirement that the accounts gwe a true and fair Mew which is not a matter considered as part of an independent examination", or the accounts have not been prepared in accordance with the methcxys and principles of the Statement of Recommended Practice for accounting and reporting by charities lappii¢able lo Charities preparing their accounts In accordance wrth the Financkal Reporting Standard appli(zble in the UK and Republi¢ of Ireland IFRS 10211 I have no concefns and have come &ross no other matters in conne¢tk?n wrth the examination lo which attention should be drawn in this Teport in order to enab￿ a proper understanding of the accounts to be ached. C Moewn Williatns Bsc FCA TCA Ishrewsburyl LLP Third Floor 21 St Mary's Street Shrewsbury Shropshi SY1 1ED Date. Page 15

HARMONY IN EDUCATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
220,824
Charitable activities
General
4,542
Investment income
2
599
Other income
2,038
Total
228,003
EXPENDITURE ON
Charitable activities
General
166,309
NET INCOME/(EXPENDITURE)
61,694
RECONCILIATION OF FUNDS
Total funds brought forward
9,168
TOTAL FUNDS CARRIED FORWARD
70,862		 Restricted
funds
£
155,000
-
-
-
155,000
185,178
(30,178)
53,633
23,455		 2024
Total
funds
£
375,824
4,542
599
2,038
383,003
351,487
31,516
62,801
94,317		 2023
Total
funds
£
262,139
1,621
381
30
264,171
201,370
62,801
-
62,801

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

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HARMONY IN EDUCATION

STATEMENT OF FINANCIAL POSITION 31 AUGUST 2024

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
7
3,558
CURRENT ASSETS
Debtors
8
14,558
Cash at bank
75,121
89,679
CREDITORS
Amounts falling due within one year
9
(22,375)
NET CURRENT ASSETS
67,304
TOTAL ASSETS LESS CURRENT
LIABILITIES
70,862
NET ASSETS
70,862
FUNDS
10
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
23,455
23,455
-
23,455
23,455
23,455		 2024
Total
funds
£
3,558
14,558
98,576
113,134
(22,375)
90,759
94,317
94,317
70,862
23,455
94,317		 2023
Total
funds
£
766
5,450
65,440
70,890
(8,855)
62,035
62,801
62,801
9,168
53,633
62,801

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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

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HARMONY IN EDUCATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

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.

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continued...

HARMONY IN EDUCATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024

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

3.

Bank interest received
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 2024
£
599		 2023
£
381
2024
£
725		 2023
£
256

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.

Trustees' expenses

During the year the charity reimbursed trustees’ expenses of £86 in connection to travel costs incurred whilst performing charitable duties.

5. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2024
£
185,585
13,606
4,910
204,101		 2023
£
89,196
3,514
2,292
95,002

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

2024 2023
General activities 6 3

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continued...

HARMONY IN EDUCATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024

5. STAFF COSTS - continued

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

£70,001 - £80,000
£80,001 - £90,000
6.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
85,139
Charitable activities
General
1,621
Investment income
381
Other income
30
Total
87,171
EXPENDITURE ON
Charitable activities
General
78,003
NET INCOME
9,168
TOTAL FUNDS CARRIED FORWARD
9,168
7.
TANGIBLE FIXED ASSETS
COST
At 1 September 2023
Additions
At 31 August 2024
DEPRECIATION
At 1 September 2023
Charge for year
At 31 August 2024
NET BOOK VALUE
At 31 August 2024
At 31 August 2023		 2024
2023
-
1
1
-
1
1
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
Computer
equipment
£
1,022
3,517
4,539
256
725
981
3,558
766

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continued...

HARMONY IN EDUCATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024

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 1.9.23
£
Unrestricted funds
General fund
9,168
Restricted funds
Aurora Trust
379
JJ Foundation
15,489
The Prince of Wales's Charitable Fund
37,765
53,633
TOTAL FUNDS
62,801
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
228,003
Restricted funds
Aurora Trust
70,000
JJ Foundation
60,000
The Prince of Wales's Charitable Fund
25,000
155,000
TOTAL FUNDS
383,003		 2024
2023
£
£
763
450
13,795
5,000
14,558
5,450
2024
2023
£
£
2,316
1,779
4,447
4,715
1,613
801
13,999
1,560
22,375
8,855
Net
movement
At
in funds
31.8.24
£
£
61,694
70,862
9,378
9,757
(1,791)
13,698
(37,765)
-
(30,178)
23,455
31,516
94,317
Resources
Movement
expended
in funds
£
£
(166,309)
61,694
(60,622)
9,378
(61,791)
(1,791)
(62,765)
(37,765)
(185,178)
(30,178)
(351,487)
31,516

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continued...

HARMONY IN EDUCATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024

10. MOVEMENT IN FUNDS - continued

Comparatives for 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
-
Comparative 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
A current year 12 months and prior year 12 months combined position is as
At 1.9.22
£
Unrestricted funds
General fund
-
Restricted funds
Aurora Trust
-
JJ Foundation
-
-
TOTAL FUNDS
-		 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
follows:
Net
movement
At
in funds
31.8.24
£
£
70,862
70,862
9,757
9,757
13,698
13,698
23,455
23,455
94,317
94,317

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continued...

HARMONY IN EDUCATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024

10. MOVEMENT IN FUNDS - continued

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
Restricted funds
Aurora Trust
JJ Foundation
The Prince of Wales's Charitable Fund
TOTAL FUNDS		 Incoming
resources
£
315,174
112,000
120,000
100,000
332,000
647,174		 Resources
Movement
expended
in funds
£
£
(244,312)
70,862
(102,243)
9,757
(106,302)
13,698
(100,000)
-
(308,545)
23,455
(552,857)
94,317

Restricted Funds

Aurora Trust Fund - This fund is for income from the Aurora Trust, granted to us to fund a field trial, in support of the idea of a Nature Premium for schools. The funding is to support schools to offer nature based learning, and to evaluate the impacts of this learning.

JJ Foundation Fund - This fund is for income from the JJ Foundation, to be used on the development of our teaching resources, including our geometry packs.

The Prince of Wales's Charitable Fund - This fund is for income from the Prince of Wales's Charitable Foundation. It is to support the salary of the Head of Business Development and Operations and to support the development of teaching resources.

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 £4,910 (2023: £2,292). Contributions totalling £916 (2023: £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 charity totalling £Nil. (2023: £30,000).

Page 23