Company Number: 01467946 Charity Number: 279376 HARINGTON THE HARINGTON SCHEME LIMrrED (Urnlted by Guarantee) TRusfEES' REpoi¥f AND FINANCIAL sfATEMEKf5 FOR THE YEAR ENDED 31" JULY 2024
THE HARINGTON SCHEME ANNUAL REPORT AND ACCOUNTS 2023-2024 coKrENTS Page Foreword by the Chalr of the Board of Tru5tee5 Trustees, Report 4-10 Audliors. Report 11-14 Siatement of Flnancbal Attivltles 15 Balance Sheet 16 Statement of Cash Flow5 17 Notes to the Accounts 18-28
THE HARINGTON SCHEME ANNUAL REPORT ANDACCOUNTS 2023-2024 Foreward by the Chlr of the 004rd of Trust¢¢s Harington was establlshed In 1980 by the local comrnunmy. We are a leading and trusted charity. SUPPing Students wrth learnin8 differences to develop lrfe skills and to have the most fuWillin8 Ilfe posslble. We provide IndidUal education. tralnin& and support across a ran8e of actIvleS Includlng retail, horticufture, and eM0Vabl1Ity. delivered from inspirational plxes, and supported by a passlonate team, includin8 volunteefs. Our students Come frorn across North London. Our prindpal location is a hhdden 8em In Hh8ate. North London. We have two very successful charty shop5 In Archway and Homsey. Homsey also has an extellent student Itamin8 hub, and we have a flourishin8 8ardenin8 business. We are fortunate to beTruslee5 of an organlsatlon wlth huge 5trength5. We have an eXcePtnallY strong Board. Ourln8 the year we appointed r)ew Trustees who particularly fcKus on special educational needs, fvrther educw, teachin8 and leamln& student volce, health and safety. and fundraisin8. We a Very hardworklng leam of colleagues led by a newty appolnied CEO/Prlnclpal on a brSllOant slle. and a Mrong local reputation. many members of whom support US throu8h Volunteeri raisiry fvnds and spreadin8 our SI name throughout the Community. We have much to be proud of. Ali50n Kelly Chalr
THE HARINGTON SCHEME ANNUAL REPORT AND ACCOUNTS 2023-2024 TRUSTEES, REPORT Our Vlslon Jnd MlssSpn Our Vlslon Is a socbety where all youn8 people wrth learni difference5 thrbve and lead a fulfillin8 and nnIngl lrfe. Our mission Is to create an Indusfve envlronment. that delfvers outstanding personalised educ*lon, learnin& and support, which leads to further educatbon, employment opportunllles. and a fumlllnÉ arKI meanln8ful lffe fty eath of i)ur students. A¢hIe¥l Ir Oblertl¥es Harington ts an Otsted reglstered Independent Trainlng Provider and a charlty. rooted In the local community and open to beneficiaries auoss North London. We provlde a pathway for youn8 people aged 16-25 whh leamlng drfferences, so thev can en8è8e in meanlngful ernploymenl orcommunty-based prolects and have an enhanced qualty of Ilfe. We è150 provide support to aduks With learnirq differences to do Valuable actNilies that support their mental healih and wellbeln8 IncludlnB partitSpatln8 In enterprlse prolects and uplffting theSr health and wellbein8 In our beautlful 8ardens in Highgate. We provbde a personalk5ed and flexlble currlculum whkh Is deslgned and dellvered by a passlonate leam across three Vocatnal areas- HorticuUre, Employabilty, Retail and Customer Seryke. The vocational curriculum offers acCdIted and nQn-attreded provtslon from Entry I to Level l. delerIng skllls for Independence and employment. Sk11 for worklng16fe, prartical hortkutture. and skilts for prreSsion in retail and 5UPPOrted intemships. We have two trainin8 Sites in HWi8•te and Hornsey. We prthide holi51ic Ca for our students by supportln8 theSr posttlve behavbour, mental heafth. and emotkinal and sotlal needs. We provide access to counsellin& speech and language therayv, and one-to-one mentoringtoworkt(Miards sludent- led goals. We also provide additional financial support bursarbes for students who are economKalty disa¢fvantaged. Our team of job coaches and advisors work with our students to support thelr career aspirations. We engage and support Icol employers to create suitable and accessible work experlence placements. We sUPPOrt ourstudents wlth travel tralnlr and on their work placements until t¥ are confident to be independent. For some students we also support their pro85$10n Snto employment. Lwjih wlthln Harlnglon and through our many partnershlps wlth buslnesses, charltles and other organisations. Our buslnesses Include two charity shops based in Archway and Hornsey and the Harington Gardener5 whkh provides 8ardenlnB setvices to a wkle range of local client5. These businesse5 provide valuable Opportunit for our young people to apply thelr leamln8 In real léfe work exFerkn¢e placemenis. 5¢me students a150 progress Snto thelr first pald lobs wh our businesses. These businesses akn raisefvnds to SUPPOrt our main ac1i¥itie$. HARINGTON CMAFITYSMOP
THE HARINGTON SCHEME ANNUAL REPORT AND ACCOUNT5 2023-2024 Our Imwt and Athievements Benefidarles In 2023124, we worked with 61 young people and adults. Thts Included 52 young people and adLstts wlth learnln8 dlfferences who receNed education, trainlng, or support from us durln8 the year and nine adults who benefrtted from our soclal care provision. 14 out of the 52 students accessed our l)uTsary. We a150 provlde further support to the families and carers of our youn8 people and aduhs, Includi strategies •nd resources lor SUPFQrtin8 their youn8 people and signpostin8 to addltlonal support. Ret¢ntlon Rate and Attendance Irb our educathon programrr. we achleved a IIKf% rtentlon rate of our students across the year. Our attendan rate was 91.4%. (blificlOn Athlevement Rate Our overall qualbfkatlon athlevement rate was 96.7% for 2023124. Thls Includes: 91% In Maths qualfficatlons I(LN in English qualification5 ICMYA In Vttational and Supported Internship qualfficatlons Work exporlence placem•nts In 2023124, we successful placed 48 of our students Into 67 placements at 22 dlfferent employers. The hlghest concentrntlon of work placemen15 was in retail, horticuur, and caterln& IncludlnE pr¢)vidin8 work experience opportunltles for 18 students w&thin our (ywn businesses. Mentorln8 Harin8ton's Mentorln8 Pro8ramme hè5 been In place slnce 2019, providing emotlonal and practlcal suppm for students. tt bs a safe space for the students to talk about how they are feelin8 about all aspects of their Ilves - hornelrfe, their future, Harington relationship5 - With a mentor and to work towards making posltfve Improvements in their Ilve5. In total, 33% students benefilted from thi5 mentorin8 and were able to achleve their personal set 8oal5. Sdent Vol¢e Al Harln8ton support the students to deliver studenl-led actbAtles and particlpate in decision-making. Student Council made up of representatives from each of the classes at Harlngton. This year they put forward a proposal to the Friends of Haringion, who helped to fundralse for thelr resldential trip. 81% of Students completed the end of year student survey and ILVA of students Staled that ihey felt Safe at Harin8ton. Students take part In the recrultment of new staff auoss all levels of the crf8anisation Includin8 the reuuitrnent of a new CEO and a number of new Learn1r Support SiStants. Progression and dèstlnatk•ns 18 stL4dents left Harlngton in 2023124. 94% of these students achleved a posltlve destlnatK)n. including employment. fvrther education, further tralnSn& or other valued daytlme èctlvltles. 27% of our leavers entered empboyment. Flve of our Students were employed by Harington buslnesses, as Assistant Gardeners. or as Shop Asslstants In one of our char shop5. Flve students have pr(Ydressed onto a number of dirferent programmes In FE colle8e5. Six of our leaver5 will move on from educat•on into meanin8ful daytlme actlvltles
THE HARINGTON SCHEME ANNUAL REPORT AND ACCOUNTS 2023-2024 Student Enrlchment thr¢£h Partnwshlps Thls year we Saw the second year of the Art exhibttSon at one of our partnershlps, Lauderdale House. A number of students had the opwrtunity to have thelr artwork framed and exhlbited. A number of these yeces were sold duringthe exhibition. 11 was visited by frlends. famlly. trustees, staff and members of the publK. Future Developments In 2024125 we wlll be fcÉuslng on developlng a Strategk Plan, with the involvenI of all our stakeholders Indudin8 Staff, students, parents/car$ and irustees. We aim to Set out clear objectives and priorities for we woubd Ilke to move Harin8ton forward over the coming years. Thankyou We w¢)uld Ilke to say a huge thank w)u for the 8enerou5 5UPPQrt of Harln8ti)n from members of the communlty and our varityjs partner orBani5atK>ns . 42 regular volunleers SUPPQrted our 5tudenls wilh their learnlna or wovlded retsll support In our shops. 10 corporate volunteers from Ascential helped for a day to mairtain and irnpr¢)ve our Hi8lwate stte. We are very8rateful to all the deditated and volunteers who bek)n8 toThe Frlends of Harln8ion. They deliredtheIr own fundraLsSn8 actlvltks Sn the year and sUPWrted our events. We wouhl also Ilke to thank Gary Sycamore and Robln Vicary who regularty donate the woceeds of thelr sales to Harington. We would like to thank all the bu5inÈsse5. charities and schools and other partners who proylde work placements for our studenls or share thelr facllllles whkh enhan the learnln8 experleno of our students. We would also Ilke to thank all the Indfvldual donors who have financwlly 5UPPOrted the or8anisation and the charitabbe trusts and foundations whith sUPrt the workthat we do. Ofcourse. we cannot forget the ongoing dedkatiC*n and commltment of our 51aff ieam who Cbntlnue to support cwryou people to grow and develop and be part of thelr communltles, FINANaAL REVIEW Most of Harlngton's Income comes from publk tur$ IrTr two forn)s: Grants from the Education arKI Skills Fundin8 A8ency. for the core provision of education for OLtr students: and Grarrts from local authorTrtles to meet the addrtlonal needs for Co and supp1 for our students who needs and requlrements are Idertlfied In thelr Educatlon. Health and Care plans. We supplement these funds with the net incorne from Harin8ton Gardeners and ourtwo charfty shops. We also ralse funds from Irusls. foundations, and generous Individuals. Some of these are for specffk prolects and actlvltles and are recorded as restricted funds in our accounts. Others contrlbute to ourgeneral funds and enhance our work. Followlng a surplus In the prevlous year, we xhleved a surplu5 In 2023.24 of £630612023- surplus £114.964). Our total Income grew durlre the year to £2.332.22212023 £2.170,3571. Income for our trainin8 wovision 8rew to £1,755,13812023 - £1, 499,1151. Harlngton Gardeners Income fell s118htly to £118,12612023 . £139,128) whlle shop sales fell sl8hily to £319,48612023 - £321.4201. Income frorn donatlons. legacie5, fundraising events, and other Income fell to £139,47212023 . £210,694). Expendrture grew by about 12% on the previou5 year to £2,325.917 12023 - £2.055.3931. mainty reflectln8 t level of Irtflatn during the year, rnther than any mater1 changes In our aubvftles.
THE HARINGTON SCHEME ANNUAL RÉPORT AND ACCOUNTS 2023-2024 As a result of the surplus for the year, we have net assets of £836.78312023 - £830,477). The only materlal change lo the make.up of our net assets ha5 been the Inve5tmenl In IT, but there has been a decreasè in the amount of cash held to £245.70212023 - £381.3241. Our net assets are allocated as fdlows: 2024 2023 Restrlcted funds. whkh can onty be Spent for partS¢ular purposes 22.115 Operating fwed assets lour properties and equipment) 340.334 270,642 Operating workin8 capital (net current assets except cash) 191.501 59,993 Deslgnated fvnds, amounts set èslde ty the Trustees for future projects Leaving tree resep4e5 of 295,280 399.664 The desnated fund set aslde last year has been used in fvll to pr(Nide new IT infrastructure. The Truslees have revivwed their ReseNe5 and Designated Funds Pollcy prlor to approving these accounts. They have conduded that the level of free reseryes required 15 £5(K),LXK). Thls Implbes that the current level of free reseNes Is less than prudent required. They will therefore plan to achieve further 5urplu5e5 Sufficient to bring free reserves to the target level as soon as reasonabty practScable. Investment pollry The Trustees conslder that the free reserves need to be reèdlty avallable to meet any contingencles, so it would be inappropriate to inve51 thern for the medium or long-term. Consequentlyi available fvnds are invested in short lerni flxed Interest deposlts or hekl as h. Rl$k managemert The Trustees have deVeped a strategic risk re8i5ter which identifs the maln flsks faced Harln8ton, and the controls and artlons nesary to mf(i8ate them. The prlnapal rosks are those which would adversely affect its Students, includlnB a 5i8nrficant deterioration in the quality of education and trainin8 provided, or a safe8uardin8fallure. These a mbtogated by a range of ffleasures, Includln8 clear pollcles. tralnlng for lyrth staff and TrusteÈs, and re8ular monltorln8 by Trustees Includlng through our Quallly and Standards Committee. The development of adequate reserves. as set out above will provide mltl8atKJn against any unanticipated fall in Income or Increase in c05tS. The Trustees conflrrn that they have referred to the 8uKlance contained In the Char6ty Commksstyy¢'s general Buidarice on public benef, and the duties set out in Seciion 17151 of the Charltles Act 2011, Induding the guKlance "PublK Benefh: Runnln8 a Charity". r fundralslNa prnctlces Harington benefits great from the support of kxal people. We gaSn new supporters malnly through networki word of mouth and recommendations that lead to unsolicited donatlons and legacies. When we carry out fundraisin& we strl¥e to gfve the best exper*nce to our sUPPOrters. Most of our fundralslng artfvitles are carried out by Harinoon staff and volunteers, including the FrndS of Harin8ton and Trustees. We do not Use professional fundraisers or Involve commercial particlpators.
THE HARINGTON SCHEME ANNUAL REPORT AND ACCOUNTS 2023.2024 Our regular fundrai5ill8 activities include: faisln8 funds through our charlty shop5: raising funds through the sale of plants and produce at annual sales and a weekty stall: fundraislng events such as conterts. walks, open Bardens and social events; subscrlbln8 to ghtlng web511es such a5 JustGlvln& and faisin8 funds via otr sources such as charitable trusts, foundations or tompanles. Harin8ton staff and Trustèè5 also hèlp to ctrordlnate and publlclse events or8anised for our benefit by our Supporte the wldercommunlty. These supporters are brlefed ty Harlngton staff on any relant rules and condltlons as approprle, e.& gift akl ruks. We occasionalty make appeals for donations towards specific projects fy WrIng to exlstin8 SUPPOrters {dirert marketin81, advertlsing In the Frlend5 of Harlngton new51etter, local rnedla and postlng appeaL8 on our WebSe and social media. All dirert marketin8 is Cctrordinated by Harin8ton's Buslness Support team to ensure that it is not Unreasonab intrusive or persLsient and meets data proiectbon qu0Ments. Vlhen contact Is made throu8h dlrect markÉtin& the material contalns clear Instrurtlons on how a person can be rernoved from rnailins lists. There have been no complaint5 abtrjt fundraisin8 actlvbty thls year. STRucfuRI GOVERNA AND MANAGEMEpir The le8al form of Harln8ton hs a company limited by8uarantee IHarin8ton Scheme Ltd Ithell governed by fts Memorandum and Artides of Associatlon. Tnjstees are recrulted by a ¥arOety of means, dependlng on the skills and experience required. Use is made of extstin8 nelworks of TNstee and supporters, logether wr¢h low cosl mean5 of advertising vacancies. New Trustees are usual appolnted in the first Instance by the Trustees. then reappointed at the followln8 the annual general meeting of members, Trustees normalty serve for a thre&year temi. whlch can normally be renewed twlo. Trustees recelve an InduL11on pro8ramme Includln8 safeguardlng and any other requlredtralnlngwhenfirst appolnted, wlth further tralnlng beirwd planr& whenever required to keepthem up to date with 8ocKJ practke. The Trustees operale collectively as a 8oard. Operational declsbons are delegated ihrou8h a lormal stheme of detIon to the Chlef Execulfve. wlth ihe Board taInIng dedsk*ns over strate8y, bud8etin& and other approprlate rnatters. The Board has established two SU¢0mmIttee5. Quality and Standard5. and Finance and Resources to provlde more detalled scrutlny of levant matters and provkle advice to the Board but ha5 not dÈkgèted any decbslon-makin8 powers to them. The remunerath)n of the Chief Executive Is determlned by the Board on the recommendation of the Chair and Treasurer. Where necessary, extemal advlce ts taken on ihe appropriate level. The pay of all staff is determined by reference to pav scales approved by the Trustees. These are berKhmarked against extemal cornparators from tlme lo tlme.
THE HARINGTON SCHEME ANNUAL REPORT AND ACCOUNTS 2023-2024 REFERENCE AND ADMINISTRATIVE DETAILS Company Number: 01467946 Charty Number: 279376 Reglstered Office: 55a Cholmeley Park London N6 5EH Auditors.. Calders118831 LLP Statutory Audltor and Chartered Accountanls, 30 Orange Street, London WC2H 7HF Attountants: Moore stephens Northern Home Countles Limited, Nicholas House. Rlver Front, Enfield, Mlddlesex ENI 3FG Bankers.. Metro Bank I Southampton R¢y London WCIB SHA Webslte www.harlngton.org.uk DIRecTORS ANO TrusfEES The Trustees of the Company are Ils dlrectors for the purpose of company law and throughout thts report they are collectlvefy referred to as the TNstees. The Trustees th* served durin8 the year and sinte the year end were as follows: A1150n Kelly Mark Cooke Chalr. AplInted 6 April 2023 Treasurer and Vlce Chalr. Appolrted 3 March 2021 Appobnted 17 January 2024 Resigned 16 Ortober 2023 Appolnted 16 OLtober 2023 AppoSnted 14 June 2023 Resigned 17 January 2024 Appolnted 16 October 2023 Vbce Chalr. Appolnted 14 June 2023 Appointed 14 June 2023 Appolnted 16 October 2023 Appointed 26 Mèrch 2024 Reslgned 15 September 2023 Ruth Alalle Hazel Dales Jaspal DhalSwal Julle Forsythe Matthew Ha80pTh Martln Hesketh Penelope Kenway Katherine Lamb Swee Lee Patricia Leman Poullne Treen KEY MANAGEMENT PERSONNEL Jacquellne Steel Esther Norman Susan Shefras Chief Executrve aponted March 2024 Interlm Chlef Executfve March 2023-March 2024 Interlm Chief Operating Officer appointed June 2024
THE HARINGTON SCHEME ANNUAL REPORT AND ACCOUNTS 2023-24 Trustees. responsibilities in relation to the financlal statements The Trustees. who are also the dlrectors of Harlwon Scheme for the purposes of company law, are responsible for prerIft8 a Trustees. annual report and financlal statements in accordance wfth applkable law and Unlted Klngdom Accounting Standard5 (United Kingdom Generalty Accepted Accounting Practlcel. Company law requires tharity Trustees to prepare flnanclal statements for ead) year whkh give a true and fair view of the state ot affalr5 of the charifable comparry and the group and of the incoming resources and applicatK)n of resources, includln8 the Income and expenditure. of the charltable 8roup for that riod. In preparin8 the financial ststement5. the Trustees are reqUId to: selert 5Uit#ble accountlng Fdides and app them conslstently; observe the methods and principles in the Charities SORP: make ludgements and estlmates that are reasonable and prudent; prepare the flnancial statements on the going concern basis unle55 it 15 inappropriate to presume that the charlty wlll contlnue In Siness. The Trustees are responsible for keeping proper accounting record5 that disclose wFth reasonable accuracy * any tlme the financial position of the charity and to enable them to ensure that the financlal statements comply wf(h the Companles Act 20)6. They ère also responsib for safe8uarding the assets of the charlty and the 8roup and hence taki reasonable steps for the prelentlon and deleclbn of fraud and other Irregularitles. Statement as to dlKlosure to our audltors In accordance wlth compar)y law. as the comparfs Trustees, we certlfy th*: 50 far as we are aware, there is no rebevant audit information of whkh the comparfs audltors are unaware and s the Trustees of the company, we have taken all the step5 that we ought io have taken in order to make oursefves aware of any relevant aud informatk¢n and to establish that the Charitls auditor5 are aware of that Informatk>n. Audltor The audftors, Calder & Co, wlll be proposed for reappolntment In accordance wlth Sertlon 485 of the Companles Aci 2(Kl6. In prepadng thls report, the Trustees have taken athantage of the Small Companbes Exemptlons provlded by Sectlon 415A of the Companies Art 2Crf)6. Thi5 report was approved ty the Trustees on 27th Febnwy 2025 and signed on its behalf Alison Kelly Chalr io
THE HARINGTON SCHEME INDEPENDENT AUDITORS, REPORTTO THE MEMBERS OF THE HARINGTON SCHEME FOR THE YEAR ENDED 31 JULY 2024 AUDrroRS REPORT OPINION We have audtted the financial statements of The Harln8ton Scheme (the 'charitable compan(I for the year ended 31 Juty 2024 which comprlse The Staten)eni of Flnanclal ArtIVleS lincorporatlng income and expendfture account). the Balance Sheet. the Statement of Cash Flows and notes to the financial statements. Includlng a summary of sunificant accounting polltbes. The financial rertIng frameworkthat has been applled In thelr preparatlon Is appllcable law and United Kingdom Accountin8 Standards, includin8 Financial Reportin8 Standard 102 The Flnancial Rey)rting Standard applicable in the UK and Republk of Ireland Iunlted Klngdom Generally Apted Accountla Practbcel. In our oplnlon, the flnandal statements: 8lve a true and falr vlew of the state of the charitable cornpan5 affairs as at 31 July 2024 and of Its incoming resources and applkat5on of re50urces. includlng its income and eXpendre. for the year then ended: have been proper prepared in actordance with Uniied Klngdom Generalty Accepted Accountin8 Practice; and have been prepared in accordance wlth the requirements of the Companies Act 200& BASIS FOR OPINKJN We conducted our audrt In accordance with Internatlonal Standards on AudTtin8 IUKI IISAS IUKII and appllcable law. Our reswnslbllbtles under iho5e slandards are further descrlbed in the Auditorfs responsibilr(iès for the audkt of the finanoal statements sectlon of our report. We are independent of ihe charitable company in accordance wbth the eihlcal iequlrements that are rekvant to our audrt of the flnanclal statements In the VK, Intludlng the FRCS Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirement5. We bele that the audlt evldence we have obtained 6 sufficient and apwoprlate to provlde a basts for our opinion. CONCLUSIONS RELAT114G TO GOING CONCERN In auditing the financial statements. we have concluded that the Trustees. use of the 8oin8 concern basis of accounting in the preparation of the ftnancial statements is approprlale. Based on thè work we have performed, we have not identrfied any material uncertaint•Es relatin8 to events or CondR)n5 that. indlvidually or colkrtlvety, may cast sL4nfficant doubt on the entkty's abllltyto contlnue as a 8oln8 concem for a perlod of at least twelve months from when the financial statements are authorised for Issue. Our responsilItIeS and the responsibilrties of the Tnjstees wlth Pect to goln8 concem are descrlbed In the relevant sections of this report. OTHER INFORMATION The other Inforniatlon comprfses the Informatbon Induded In the annual report otherthan the flnancial statements and our auditorfs reyJrt thereon. The Trustees are responslble for the other infomiatktn contained wlthSn ihe annual Teport. Our oplnbn on the flnancial statements does not cover the other informatlon and, exopt to the extent herWIse explicitty stated in our report, we do not express any form of assurance conclu5k>n thereon. Our responsibility LS to read ihe other information and. in doing 50, considerwhetherthe other Information is materially inconsistent with thefinèncial statements or our knowledge obtalned In the Course of the audlt or otherwlse appears to be m*erially mtsstated. ff we Idenilfy such materlal inconsistencies or apparent materlal mi5statement5, we are required to determlne whether this 8Nes rise to materlèl mlsstatement in the financial statements theMsee$. If. based on the wk we have performed, we contlude thai there És a material mi5Statement of this other infomiatlon, we are requid io report that fact. We hwe nothln8 to report In thls regard. OPINIONSON OThER MATfERS PRESCRieED BY THE COMPANIE5 Kf I6 In our opinion, based on the work undertaken In the course of the audll: the Informatlon 8l¥en Sn the Trustees. Repcrft for the financial year for whkh the finandal statements are prepared Is consistent with the fin•nci)15tatements; and the Tru5tees' Report has been prepared Sn accordance wilh appllcable legal requirements. li
THE HARINGTON SCHEME INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ThE HARINGTON SCHEME FOR THE YEAR ENDED 31 JULY 2024 MAThERS ON WHICH WE ARE REQUIREDTO REPORT BY EXCEPTION In IIBht of the knowiedge and understandlnB of the charitable company and its environment obtalned In the course of the audit, we have not identlfled material mlsstatements in the Trvstees. Report. We have nothlng lo report In respect of the followin8 matters in relatlon to whkh the Companies Art 2[ requlres us to report to you ff, in our opinion.. adequate accounting records have not been kept. or returns adequate for our audit have not been received from branthes not vbfted by us: or the financial 51alements are nol in agreement with the accountlng records and returns; or certain disclosures of Trustees, remuneratlon specffd by law are not made,. or we have not recelved all the Inforniatlon and explanations we requlre for our audlt: c the Trustees were not entitled to prepare the financial statements In accordance with the small companies regime and take advantage of the small companles. exemptlons In preparlngthe Trtee$, report and from the requirement to prepare a strategic repcxl. RE5PONSIBiimES OF TRUSTEES As explhlned more fully In the Trustees. responslbllftles staiement set out on page 6, the Trustees (who are atso the dlrectors of the charltable company for the purposes of company lawl are responsi1e for the preparation of the financlal statements and for belng 5atlsfled ihèt they gfve a tnje and fair view, and for such internal control as the Trustees determine rs ntte55ary to enable the preparation of financial statements that are free from materhal misstaternent, whether due to fraud or error. In prepartn8 ihe financial statements. the TNstees are responslble for assesslng the charitable CoMpanS abilty to contlnue as a 80in8 concern, dlscloslng, as applicable, matters relaled to 80in8 concern and usin8 the goin8 concem bas15 of accountlng unless the Trustees efther Intend to Ilquldate the charitable company or to tease operatlons. or have no realtsiic alternallve t)ut to do so. OUR RESPONSIBiunES FOR THE AUDIT OFTHE HNANaAi STATEMENTS Our objertives a to obtain reasonable assurance about whether thè finandal aternents as a whole are free from material mi5Staternent. whether due to fraud or error. and to155ue a Report of the Independent Audltors that Includes our opinion. Reasonab assurance is a hl8h lÈvel of assurance but is not a guarantee that an audrt conducted In ccordance wRh ISAS IUKI wlll aayS detert a material mlsstatement when It exlsts. Mtsstatemenls can arbe from fraud or error and are consIded material if. individually or in the a88re8ate. they could reasonabty be expected to Infiuence the economk ded51ons of users taken on basls of these flnanclal stsiements. Irregularftles. SncludlnR fraud, are Instances of non-compllance wkth and regulatlons. We desi8n wotedures Sn Ilne with our responslbllltles, OLrtlined akne. to detert material misstatements in respect of irre8ularltles, Indudlng fraud. The extent to whlth our procedures are Capab of detectin8 irre8ulartts, Indudlng frnud Is detalled below: In Identfyln8 and 055e551n8 rSsk5 of materlal mi5Stètement In respert of irregularitie5. includin8 fraud and non<empliance wlth laws and regulatk)ns. we consldered and undertook the followlng audit procedure5 In Tesponse". We obtained an understèndlng of the legal and re8ulalory framework5 that are applicabk tothe company and determlned that the mosl sÈnlfltant are th¢)se that relate to the reporting frameworks Iuniied Klnadom accountln8 Standards and Companies Act 26). We obtalned an understandln8 of the nature of the Industry and sertor, control emiironment and buslness performance. The outcome of discusslons with mèna8ement and those tharged wlth Bovernance and any matters we identified having obtained and reviewed the company's dc<umentation of their policies and procedure5 related to- Identlfyln& evaluatlnÈ and Comptylng wlth laws and regulations and whether they were èware of any Instances of non<ompllance or any gctual or potential litigation or claims: Deterting and respondin8 to the risks of fraud and whèther ihey have knowledge of any artual, wsperted or alleged fraud: The Internal conirols established to mltlgate risk5 of fraud or non-compliance with laws and regulations: 12
THE HARINGTON SCHEME INDEPENDENT AUDITOR5, REPORTTO THE MEMBERS OF THE HARINGTON SCHEME FOR THE YEAR ENDED 31 JULY 2024 The matters dlscu55ed durlng the audlt engagement team brlefing re8ardin8 hc¥w and where fraud mbght occur In the financ1 statements and any potentlal Indlcators of fraud. All engagement team members were advised lo remaSn alert to any Indkatlons of fraud or non-compliance wilh laws and re8ulations throughout the audlt- Reviewing the financial statement discbsures and testing to supportlng documentalion to assess cornplian wlth provisions of relevant laws ènd regulations descrlbed as havlng a dlrect effect on the financial statements; Performln8 anatkaTr procedures io Identlfy any unusual or unex[tte relationships thèt may Indlcate risks C materlal mlsstatement due lo fraud; Reading minutes of meetin85 of those char8ed wlth governance and re4iewin8 correspondence with HMRC and inspection of relevant legal corTesponderKe; In addrwln8 the rk5k of fraud thrgh management override of controls. testin8 the approprlateness of journal entrS and other adjustments by testing manual journal entries. In partkular Journal entries lating to management estlmaies and entrfes determined to be lar8e or relating to unusual transactions; Assessin8 whether the jud8ement5 made in makSn8 accountin8 estimates are indicatNe of a potential blas: and evaluatlng the buslnes5 ratlonale of any sÈnlflcant trnraCtk)ns that are unusual or outslde the normal course of buslness; Assessment of the appropriateness of the collectlve cornpetence and capabllltles of the en8a8ernentteam Includ consideration of the en8a8ement team'5: o understandlng of, and practlcal experfjence w6th audlt engagements of a slrnllar nature and compkxbty through approprlate tralnlng and participation: o knNledge of the Industry In whlch the dnt operate5; o under5tandin8 of the legal and regulatory requlrements specffic lo the company indudlng the provlslons of the èppllcable lewslatlon the applkable statutory provlslons As a result of these procedures. we consideredthe OPFrtUnltles and Incentlves that may existwithin thecompanyforfraud and Identffj the greatest potential for fraud in the areas In whlch management is required to exerctse sÈnlflcant lud8emenl. We are alxj requlred to perfom speclfic prtxedures to respond to the rlsk of management override. We also obtained an Understandi of the legal and regulatory framework that the company operales In, focusln8 on provbions of those laws and regulations that had a dlrert effert on the deiermination of the materlal amounts ar dlsctsures In the flnanclal staternenls. Th05e laws and re8ulation5 considered to have a direct effecl on the financial Statements include UK financlal repDrtln8 Standards, Q>mpany Law, Tax ahd Penslons le8tslatSon and Charity Law. In addition, we con5Klered provIsn$ of her laws and re8uktlon5 that do not have a dlrect effed on the financlal statements but compllance wlth whlch may be fundamental to the comPanS ability to operate and avoid a material penalty. These Included data protection. employment and health and safety re8ulatk)ns, competltion and antkbribery laws, environment regulations. Wilh regards to laws and regulatSons relating to the operatlng aspetts of the company, these were discussed with management and were not considered fundamental to the operating of the buslne55 therefore Should not have a materlal Impact on the financ1 st3temenls. No instance5 of material non-compliance were identlfied. However, the Ilkelihood of deteclln8 Irre8ularltles, Indudln8 fraud. Is limited ty the Inherent diffitulty In detertlng Irregukrities, the efFertiveness of the entitvs controls, and the nature. tlmln8 and extent of the audlt protedures performÈd. Irregularities that result from fraud mL%ht be Inherently more difficult to detett than Irregularit that result from error. As explained above, there Is an unavoidable risk that material misstatements may not be detected. even thou8h the audlt hès been planned and performed In accordante wrth ISAS IUKI. A further (iescription of wr responsibilrlie5 for the audit of the financial statements Is located on the Financlal Reportlng Councll's website at: www.frc.or8.uvauditorsresponslbillthes. This description forms part of ourAuditors' report.
THE HARINGTON SCHEME INDEPENDENT AUDITORS, REPORTTOTHE MEMBERS OFTHE HARINGTON SCHEME FOR THE YEAR ENDED 31 JULY 2024 USE OF OUR REPORT Th report is made solely to the charitable CoMpanS members, as a body. In accordance with Chapter 3 of Part 16 of the Companles Act 2(K16. Our audit work has been undertaken so ihat we mlght state lo the charItae comparfs members those matters we are required to state to ihem In an audkorfs report and for other purpose. To the fullest extent permltted by law, we do not accept or assume responslbllély to anyone other than the charitable company and thè charitable cornpanvs members as a bo(ty. for our audrl work, forthi5 report, or for the opinions we have formed. CaldetJ 61113)LLP Tony Badlanl (SeThlor St•lutory Audltorl for and on behalf of Caklers118831 LLP Statutory AU(lOr and Chartered Attountants. 30 Orange Street. London WC2FI 7HF Date: 27 February 2025 14
THE HARINGTON SCHEME STATEMENT OF FINANCIAL AcrivrriES FOR THE YEAR ENDED 31JULY 2024 Noie Chary8rant5 andthmiioro leeacfje5aI0lherdono 49.724 Go15 59.524 60.815 123.330 37.912 TraI$¢hem0 fees W1nIS from Harfthwon(ardew5 CharkySPops I.747$ 11&126 319A¥6 7A93 L755.138 IIB.126 319A16 1.499.115 139.128 32L420 5.087 14,046 5m7 I•46 2A56 44.375 Other IOme Total IKome 2.314,929 17293 1331222 I1703S7 13 4L451 41.4SB 31328 H•rfrwonGardÈrs io J106l 324162 I9351 lJ83.435 246J79 li L6qO.971 299.947 Chathsh 12 299947 To141 Exwrf I.17? 29.740 2325917 2x65393 NET INCOME FOR ThE YEPA J&753 iiwn 6))6 114.964 Total ai 1st W JJ23 2lllS 830A77 715511 Toial ai 31stJ2O24 827.IlS 836,781 830877 The notss on pa 18 to 28 form part of these Financial Ststements. 15
THE HARINGTON SCHEME BALANCE SHEET A5 AT 31 JULY 2024 Assets". Tangible assets In¥estmèThts 17 18 340,825 270.642 118,518 389,160 464,429 Curreni Asseis.. Debtor5 Cash at bank and In hand 19 329217 245 702 574919 2036 5833fyJ Credliors.. Amounts falllng dué withln one year 20 159.046 141343 Net CurrentAssets 415A73 441.317 Crediiors: Amounts t4111ni due after more than one year 21 1435191 Totsl NetAssets The Funds OfThe Charlty.. Restrkted fund$ Unrestrkted funds.. Designated lund5 Gener•1 22 23 9.668 531035 195.280 836,783 399.664 Thetrustees responslbllhltstor tnsurln¢thattht tharlty keéps accounrtE records whb compty wth sectkjn 386 of theActand for preparlne accounts whlth ¥e a true and falr ¥WO1 the state ol affalrs of the company 8$ atthe end of the fIna1 year and of 5 Incomln8 rtSOUrtes and applkatlon of resour5. Indudlng it5 Incorne and expendltyjre.for the financial yeai in accordance wlth the requlrements of seuion$ 394 and 395 •nd whh othetwise comply the reqU1ments of the Companies Act 2CTh relatlng io accounts. so hr•5 applieable to th¢ company. These •c¢ounts havè been prepared In actordano wllh thè Provk1n$ app1kab to companles sublect io ihe small LDmyns' re8lme. The Flnandal Ststements wefe approved by the on and slgned on Its behalr. . Trus*e Allson Kel frAark Ci)oke The notes on PaBe$ 18 to 28form p•rt of these Financial Statsments. 16
THE HARINGfoN SCHEME STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY 2024 Notè Cash fiows from operatln8 a¢thles Cash 8enerated by operatyorts 128.1cl 211,C In¥e$ artl¥ldÈs Movement in fixed a55et investments Purchase of tanwblè flxed assets Proceed on disposal of tsn8lble fSxed assets Interest received 15.0861 11075231 13.1191 19,CA)51 28S6 Net ¢•sh lysedllvnered 107.522 Net kntyease •nd cash 1135.6221 2023y Cash ond cash equivolents at be&nnin8 ofyr 381,324 179mO ¢•sh c4sh equtr•alents at end olye 245.702 381324 l. Cash werated frMI opwath)ns SurplusllDefidtl for the year 114,964 Adjustments lor.. Invesbi)ent income Depredaihon L055 on fixed asset di5P05al 12,8561 38.810 265 34.667 2.673 Movements in working opitsl.. Movement In debtors Movement in creditor5 1127.2811 60.622 46.lis Cash yfier*ed by oper•tlons 28.100 211,1 The notes on Pages 18 to 28 fomi part of these Nnanclal Statements. 17
THE HARINGTON SCHEME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Chadty Infornikni The Harlngton Scheme is a priwJte wmpany limited byguarantee incorporated in England and Wale5. The registered office is 55A Cholmeley ParK London. 5EH. Ll kn11n8Me The accounts have been prepared in acwrdance with the charity'5 Artide5 of As50uation. the Companies Art 2C ond -Ac£ouniirt8 and Aeportln8 by Charltle5.. Statement of Recommended Practke applkable to chartues preparSng thelr ac¢ounts in accordance wlth the Finan¢ial Reportin8 Standard applicable in the UK and Republic of Irel•nd IFRS 102lleffectfive ljanuary 20151". The charlty Is a Publ1¢ Benefit Enuty as denned by FRS 102. The a¢counts are prepared In sterlin& whlth Is thelunrtional currenq of the tharlty. Monetary amounts In these flnanclal statements are rounded ts the nearest E. The accounts have been prepared under the hlstorlcal cost con¥entk>n. The prlnclpal acmuntlng polldes adopted are set out below. 1.2 Inroffl• Income from donations and le8aae5 Income b5 Included In full In the Ststement of Flnancial Aciivities when recelvable. The vilue of seryices prowded byvolunteers has noi been induded. Income from ¢harikble aclr¥itie5 from investments are included when receivoble. Income from Central and Lfjtal Gornment 8rants Is ac¢ounted for In the SOFA In the perSod to whlth It relates. All other income 15 accounted for when recelvable. 1.3 Exp•ndlture Expendliure 4$ reColSd In the perlod In whl(h a Ilablllty15 incurred. Expendlture Includes any VAT whlch cannot be fulty recovered and Is reported as part of the expendlture to whkh It relates. Costs of rabslna funds are those sts Incurred In attractln8 voluntary In¢ome from 8rènts and donadons and the costs of skzingfundraisin8 events. Charitable actIvleS include expendlture assoclated wlth Harlngton Gardeners. the tralnln8 stheme and the charlty Shops and Include both the direct costs and support costs relating to these activities. Governance costs Indude those ¢osts incurred irt the 8overnan¢e of the Charity and its assets and are primarily assodated wkth wnstitutbonal and ststutory requSrements. Support and governance costs have been alkKated to the appropriate cost categorles on a ba515 con51stent wlth the use of resouros. IA Tarylbl• FLy•d Au•ts •nd O•pre¢iatKn Tan*ble ftxed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates Calcuted to wrlte off the (ost or valuatlon of fixed assets, less their eslm3ted residual value, over their expected useful lfves on the following basis: Leasehold buildin and improvements Short-lrfe buildln85 Motor vehides offi equipmeni IT equipment Over the Ilfe of the lease Over 10 years over 5 years 33% rÈducin8 b•lan¢e method over 10 years 18
THE HARINGTON SCHEME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31JULY 2024 1.5 lrnp•kniqfit of Flxed Asse Ateach report6n8end date.the charfty reW$ the (arryln8amounts of rts tsnOb5e assets to detemilne whether there is any Indk•tlon that those assets have suffered an ImpalmieTri1055. If any such indKatlon exists, the recowable arnount otthess•tls estknated In orderio determhe the ent of the Impalrmentlos5 Iffanyl. 1.6 Wovk in Ptryr Stocks and rk in prove55 1rev•lued It of cosi and netreallsible vae. 1.7 Cwh Cash Ewwnts C•sh ind cash equivaknts Indudt tAsh In hirtd, depts$1 ld at tall wAth banks. ¢)thtrsh¢)rt.tsrm114uld Investrnents wlth orlilnal matsjriues of three M£th5 or kss.nd bnk overdrafts. Bank overdrafts are shown wthk) borrowin8S ¢urrÉnt Irabll$. U iknr•Hrki¢d Fwids UThrestrftted funds •re d¢rt•tion5 and othtrlnromini r•source5 receable orwierated for the objects of the Ch•rfity withjutlurther specffled purpose •fid •rt•v•ikible •$ lunds. L9 De•led FYN 0nated fvnds ire unr•strthd lunds wrm•rk¢d the m•n•gemeni¢ommhe par¥culr purpos•s. LIQ knstri¢ted Funds Restricted fund5 are to be used fly spe¢lfi¢ purposes as l•ld di)wn by the don¢y. Expendllyfe th•t meets these ryllth• Is tharged to the fund, ioi¢ther a falr •lbution of support 0$1$. kn•ll Iiems of equipment arewritten off toth• Scherne Incomeand Eypenditure Acrovnt in the year ol purc. Donoted 8oods are noi belni reColSe •t the pointoF receiptfrom donor. The th•rity rewftbes the y•t01 the onated wods when the ¢oods are sold. l.ll Flnantw knstrumwts ThÈ charlty ha5 elvrted to ippty the pr5 ofSecth)n 11 Bask FhèrKlal In5trurnents' •nd 5ecfjon 12 f)ther Instruments Issues. of FRS 102 to illof1l5thndll kn5trurnents. Fln•rtdal knstruments are recOlSed In the tharws balancesheetwhenthe Char becomes party tothe rorrtradual of the InstrUr0l Ananelal ssets and IlabINS •r• offseLwth the nét ¥movnts prt$enied In the Ibn•nd•l st•temertis. wh•n there leylfynforteable rltht to sttoff the reCOlSed athounts and thtr Inténtkifi to s•tiiton • net b•sboi to re•$¢ the asset •nd setde the lbIlV slmuhanettusly. ••sk Ihnand•l asi•is Bask flnandal assets.thkb Include debtors and cash and bank balant5. are Inally measured attr4n5acllon wke 1ndudlft8trinsatllon tosts are 5ubsequent carrfed atamort15ed c05t uskn8the effeCte Interest rnethod unless th¢ arrafigemeni consthtes a flnincln8 trns•¢th)n.where the tr•¢tIoN Is m¢asured •t the presentvalue of the futufe r•celpts d15counted ata mitet ratr of kntrrest. Fln•nd•l •ssts dasslfted is rttdvablt wlthlnom yeai art noi 19
THE HARINGTON SCHEME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 l.lj FlnarW kn#wm¢nts Bask lkn•rtd•l kblltlts Bèslc Ilnandal Il•t+llltle5. Indu411n8uedllorsafyJ bank loans are lThthlly reco6nlséd attransèthon prte unles5 the arran8ementconstltutts • flfi•ndn8tr•n5actson.vthere the debt Instrument meawved at the presert le of t futrtsre payments dls¢r)unted •t a rn3rkel rate ollntere5t. Floa101 Ilab11th5 d•ssthed as payable wlthln one are not Dtbt kn5truments afe subsequenity urrfed tam•rtbed cosl usln8 thÉeffecU¥e IntÈrÈstr•te mthod. Trade udtt4y$4rt oblqaikns to pay lor or 5ervkes that haw been acqulred In theordlnary COUfSe of operat6ons Irty suPptr$. Arn¢yJnts payable are dassified as current labilrnesll paymeni Is due wbthln orvd year or le55. If rtrot they are presented •$ fioTh<urrent liabilities. Trade creditor5 are reM•Sed initialy at transact priceaTrJ subsequen meisured at amonksed ¢ts5t uslft8the effectr¥e Interest method. Dqr•coAnhlon ofthandd Wfftjes fin4nck41 IlabSlities are dre¢¢ISed when the ¢antr•¢iual obllpth)ns¢xpevT •re dL%th4ryd cr arK•Iknd. Tottenham Grammar Sthool Channlnl schotsl. don•Jon Jack Petthey Foundatltsn Gary Sycamore and tho dty•nd Country F•rmeTS Market John Lvon Charity Fafd Tlpper grant Othor donalohs The Whlttsn8thfi Ch•rllable Trurt Just G[n8 Hornsey Parothlal Charllles Worshlpful Company of Gard•1$ 385(Q 42.OCiJ 65fA 6.490 37.4fy) 32 32 L920 4,632 4ffj32 10.513 4.IC 1.107 3. i•A•d•sd ¢Xhor Donathx FrndS of Harkn8ton Stheme Othtr donatlons Unre5trkted ¢y re Vera PUton•tlon from Davhj pUtInd KAnt•r 31171 28544 31871 ILS12 2L430 15 15 20
THE HARINGTON SCHEME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 41 Inwslmurt Inrom• lffler•st rttdwtd from (ash dep051ts 5.C¢7 2A56 5. 7r*kn8Sth•mi I•¢¢kn•hKth#Fee5 and Grmtsfrorn Publc Oodl Educatbn •nd Skllls Fundlni A4en£y Lcul Aut)rItieS HNSlundini Traininifee5 IIw41 •uthoqties, 5th0015 Ind indiwidua151 Trainin1knew 5ile5 DWPGrant - Harin8ton G¥rdeners ESFASbJdentSupport Funds 702.359 939.632 42.735 9.980 $2.939 702359 939.632 42.73S 9.980 52.939 7,493 1.755,138 664J42 7ffa09 48,417 8ASI 6,435 iOA61 1,499.115 L747,645 93 6. H•rkngton Gardwer5 In¢4rn• Cus¢omer sales 11&126 i126 139,128 11&126 li 139 128 7. Chirltyshops In(oma les of donitrd eoods DoNonS frorn glftald¢d ttems GIftAhJ a8efftLyfees 260.032 SgA54 2£4)32 244,535 74,646 2J39 319A86 32L420 Fundr•i5iniovent inrorne 2,191 9. Other IA¢•me Other In¢ome Other In¢tynt- Buslness Granu 37,935 44.375 14,1146 21
THE HARINGTON SCHEME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 10. G•rd¢nws Ewthturt rstriaed lestrth Salar5 and cmsultsncyfees G•rdeners' wa8es Other 5t•tt ¢osts tosts Repairs and mAlnten•nt Hea0 and IlÉhVfi8 86386 108y8 781 399)1 12.638 2275 eQ970 97596 2971 111519 781 39901 14J44 2275 6384 63272 11.484 7545 3m7 13,711 72,287 265 1,706 Support and 8ovemance costs Los5 Lxi fbxed asset dlsposal 53272 313.11 li61 324862 293551 IL Trnlthxkhevre Ewthlyre S•krbts and (Onsullartr foes Other stsff costs Studeni bursarls ¥TrJ free mÈa15 Trah)In8delery costs Repalrs and mlnteNn Heatin8and IIAhtin8 Depreuat4on Support and ernar4 costs Compu¥B expenses 1.189.C¢Y 33N13 3.4(bJ L1914Bg 33,413 1.017397 59,247 11,628 ),745 24,449 82M2 32.1 15A29 13 1527 84J95 34.428 29 723 1231 8.718 245982 34501 9,496 239,4 28,625 244.751 34,SOi INO.971 18h79 1.659mO Ih83A35 22
THE HARINGTON SCHEME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 12. th•th5hopsExpmthir• Sèlèdes and consvbncy fees Other 5tsff ub515 141664 196 14&664 196 117.702 162 Delery£0Sts Repolrs Ind m•lThtenance Heafjng •nd I1$ Depredatk)n 5upp¢rtarKI lnce(oSts 4.599 22 &193 19.555 115W8 2.852 &193 19555 115J88 3.764 15.W3 103.f4Jl 299 299.947 24679 SwprytCos15 14547 122983 96 11709 &244 14257 557 U195 1&772 29J28 15.930 6Q767 97 97 166J58 S9 13916 IOA99 25.738 135,775 Rat¢s ond rtnt TePhOne11mIt Stationery, Prinbni•nd Posi•ie Insuran$ Publk rdations and mark1 Sundryexpemses Substtlpllons Cleankn8and Hywene expen5¢5 Refreshments Computhi Expenses Fundralslni Expenses Professional Serykes 521 9.767 IIA81 239 IA36 4.577 15.350 51376 7.ln 2201 174 52 1307 L290 2.350 274 132 7.742 3J3J 2L685 56294 265 2255 2,652 421 9355 11711 926 5.163 24,413 6,021 5.744 Le45e rentsl intere51 Fixed 455ets di5PQ5•1 Bad Oebls 1811 1673 I73 iOD)7 IOX•)7 IOD)7 40?9 Proles51onal Servlces Auditand occountsrKV 164 1,164 lis 4,6 4661 4,659 446317 63 14. for the Y The SUr¢defid1j the rIS stated •ftv thatOn& Depredaih)n of fixed ossets Audr[$, remunerabm.. Audrrfee 3467 38AIO 4h59 23
THE HARINGTON SCHEME
NOTES TO THE FINANCIAL STATEMErirs
FOR THE YEAR ENDED 31 JULY 2024
Ilo remUneran pabj w the Trus*es •<¢tyd•rKe with the Arte$ ofAswo•tion. The stsff
THE HARINGTON SCHEME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 17.TwAthkn Asws Cos¢ or V•lu•ikin At lstAyws¢ 2023 285.93B 2(&701 167A128 .931 750.598 Addlyons 7,201 107.523 Dbsposals 1*4231 196,4231 Ai 31stJuty 2024 293.139 2(&701 170927 9).931 76L698 At lstAu2023 20701 154232 70,176 479.956 Chèryefor Year 19,555 &727 34.667 Dfjsposak 193,7501 193.7501 At 31stJuty 2024 206,701 692C8 76%1 420,873 Net8ook Value At 3tstju 2024 224 737 14 101,718 70 340J25 Nei 8ook Value At3lstju 2023 237.¢91 796 20,755 270fi42 C•sh deposlts 123 Trade dtbttys Olher debtor5 Pr¢wyrnents ic£rLbed Income 169.207 124,96S 35,045 329 17 50A35 129A40 21.661 201.936 25
THE HARINGTON SCHEME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Tr•do ¢redltOfS Tam, $al security and Pen$Tr5 l)her ¢rédltDrs Fknan Lease obl18airf}S Ac(Tua15 47564 45327 371 213x1 4354 ISYM46 31.035 34.543 12,075 64.290 141.943 2L Crnd¢tys: Amountshh¥du• Iftei m¢r•thm oneymi Fhance Loase Oblakns 43.519 43.519 Gr•nu and Donakn&' Fefmer restrktsd yants ar (knalk$ t¢Mards Capital itern5 L048 9.722 3.168 ESFA Student Fh)andal &Jpport FuThJln8 Harln8ey Ward Bud8et Jatk tchty F¢)undatb)rt LB Bamet. Potknt Parks uned Charitios Fund Fwd Tlpper yant Other Horfisey Para(hl Ch•rrtles 2229 3A81 638 2950 7,493 313 74 1950 5.181 4.100 The restric lunds kn the Ye•TrEfroM. Tho forrnef yants and donaihjns for Capal It4m5 Indudkn64 POrt•¢•bkn •nd ¥hklos that are Thow fvlly depreciètqd. ESFA Student SuppwtFunds. Sfvdentbur5•rl•s afid Free Melts In Harkn8e¥Wird P•Jdirt. Treesurgery Ik Jack Petol•y Foundatlm - Projects dSeTh by winner5 ofJKk PtdwAthleb*meni ArdS 26
THE HARINGTON SCHEME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 21 R•#rfrt•d Imnikn¥•d) Lond¢fi borouth OF e•met- Po¢ktt P•rks Plus-71$ and mawkqls Homsey Parc<hlèl Chari¥es- towards ¢)utdoor cbassrcom Other do1. Slte Improvements fof 50dal dIsts8 t)onatiDns tot•llin8 £120.339 were rKwved durin8the year, •nd there was a further £22.115 broushtfoFw•rd fora numberof restridEd purp05•s. £26.444of thi5 inEome wasexpendtd prior totheye•r end, thereby dlsthJrykn¥the re5trbrt40ri. 8alance at tstAupJst 2023 Movement kn fund5 for theyeor Transter betsttn tunds 8•l•nce •t 315tJub 2024 399ffj64 11043841 21115 1114471 830.477 123,137 2952 836.783 ated Reserves mprISe. Opera¢1 Ied assets Opera worklni t8pal 340,334 i,soi 53W5 The Trustees have reee their Aeserve5 and De5iBnated Fund5 Poli¢y prior to approvlngthese iccwnts. Theyhwe that th¢ level of frtt re5eTht5 required 15 £5Q).CIX. This im1¢$ th•ithe ¢urr¢nt level ol free reser%*51s It55 th4n prUdeTr requi. •nd theywlll therefore pfi to athie¥e further 5uYpIu5e5 suffiutnt to brinlfrte reseThes w the level as soon 15 re050n•b 27
THE HARINGTON SCHEME NOTE5 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Funds Funds langble Ibxd assets Investments Net •55ets 340334 491 310%25 U3,6C 372.354 123,&)4 171.676 I911 9.177 295.280 S31I35 9,668 836,783 ¢mIlMts Atthe reporthgend date the company had outstsndln8(ommltments for fvtyre mlnlmum lease payments under non<ancel•b operatsleaSe4.a5 fdh)ws: Lessth•h I More th•n I ye•r •nd le55 th•n 5 ye•rs 86.153 383.71S 49.958 49,958 25. FlnaTrt• oblptlons Less th•A I More thon I 11 and less than Syeari 21 43519 5449 Fknance •Se payments represent remals poyabb? bytheCp1Tr¥ for ort•in itemsol plantand rnath1ry. Lease5 Indude purthJse opfjmsjt the eThd of the lease peiiod, Ind rbo restrict5 Ire ploced on the use of the assets. The average leoseterrn Ls 3)1rs. All kases ar¢on a ftKed repiyment 11¥ •fid no irranrments h4¥e been entereo into for(ontin8ent ret)tal poyrnents. 2k Rd¢d p•rt¥ tfnS•alo Duwinithe year the company rtta1¥ dmallonsfrom reknted partiesas fdlows.. tqd doMtions There wrtre no hÈrtraSathoo$ reted p•r¥es. 28