HARMON12019
REPORT OF THE DIRECTORS AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
REGISTERLD NUMBER: R0000316 (Northern Ireland)
CHARITY COMMISSION for NORTHERN IRELAND REGISTRATION NUMBER: 101731

HARMONI 2019
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
CONTEIYTS
PAGE
Company Information ............................................................................................................................................
Report of the Director5
3-17
Report of the Independenl Auditor..................................................................
18-20
Statement of Financial Activltles
21
Balance Sheet
22
Statement of Casbflow$ ...,,..........................................................................................................,....................... 23
Notes to the FinAncial Statement$
.24-37
Page I

HARMON12019
COMPANY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2022
DIRECTORS..
Mr Paul Archer (Appointed Chairman from 28th March 2023)
Mr Norman Carson MBE (Chairman) (Deceased 18, June 2022)
Mr D McIlhagger BSC, FIAE (Deputy Chair)
Mr Brian Lavery
Mr P Regan
Mr Paul Collins
Mrs Hannah Irwin
Mrs Elaine Colgan
MB Amira Graha
SECRETARY:
Mr S A Humphries
REGISTFRF,D OFFICE:
39 Downshire Road
Bangor
Co Down
BT20 3RD
REGISTRAR OF COMPANIES NUMBER:
R0000316 (North¥rn Ir¢land)
CHARITY COMMISSION NORTHERN IRELAND NIJMBER:
101731
AUDITORS:
Baker Tilly Mooney Moore
17 Clarendon Ro&d
Clarendon Dock
Belfast
BTI 3BG
BANKERS..
Northern Bank Limited
tla Dai)ske Bank
Donegall Sq West
Belfast
BTI 6JS
INVESTMENT ADVISORS:
Ev¢lyn Partners
The Linenhall
32-38 Linenhall Street
Belfost
BT2 8BG
SOLICITORS..
Cleaver Fulton & Rankin
50 Bedford Street
Belfast
BT2 7FW
Page 2

HARMONI 2019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2022
FORWARD
On behalf of the Trustee Directors of Hamonl, l am delighted to present the annual report and ￿Counts for the
firtancial year 1st January 2022 to 31" December 2022. It is my great honour to have become the latest chairnian for this
very special organisation, That honollr only tinged by th¢ Circumstances requiring a new chair with the passing of my
predecessor Mr Nornian Carson MBE in June 2022.
As I begin my tenur¢ in April 2023, 1 want to f￿stlY thank my colleagues from the Board of Trnstee Directors for their
work and ongoing interest in the charity. I would give speciaI mention lo Mr David Mcllhagger who as Deputy chair
stepped up to chair presiding for the se¢ond time in 2 years during the Ghair's vacancy.
It would be remis of me if I did noi also a¢knowledge the sterling work our staff carry out day and daily in pursuit of
the charity's aims and objectives. They are very ably led by an extremely proficient ex¢cutive and management leam to
which on behalf of the board we offer our appr¢Gi&tion,
We extend our thanks to the statutory funders from The South Eiastern Health and Social Care Trust and the Northern
Ireland Housing Executive for their continued engagement and contracting of services with us.
Finally. I place on record our thanks to our clients for trusting us to deliver the services they require.
It is because of the foregoing that I begin my tenure with an organisation that has weathered many storms wlth strong
confiden¢¢ in the organisation's ability to face challenges and deliver a solulion which ensures the clienls continue to
receive the extr¢inely ILigh-quality services they do.
2022 produced a very positive outcome for the charity. that result means as we face into 2023 and one of the most
troublin8 public sector funding crises ora gcneration, we have a sound foundation upon which to stand.
It is my objective as I take custodianship of the role of chairn]an to ensure our heritage is protected, our ¢lients remain
served omd indeed we find opportunities to grow in spiie of Il)e funding paradigm as we s¢¢k to do more for more,
PaulArcher- Chdlrman
Page 3

HARMONI 2019
REPORT OF THE DIRECTORS FOR THE YEAR FNDED 31 DECEMBER 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The legal entity name was changed on 8th January 2019 frorn NIID to HARMON12019 Trading as Harnionl.
HARMON12019 has its Drigins in late 191h century Belfast, It was incorporated on 19th July 1906 &8 a charilable
Company limited by guarantee and not having a share capital, The objects and powers of HARMON12019 are set
out in the Memorandum of Association, and the Company is governed under its Articles of Associatiom as
updated in 2014 and registered on 28th
March 2014. In the event of the Company being wound up Members are
required to contribute an amount not exceeding £1.00.
HARMONI 2019 is on the Northem Ireland Charity Register, registi*ion number l 01731. Since registration, the
Director Trustses have embarked and maintained periodic specific training along with the Management team to
undersland ￿llY the implications, responsibilities and expectations of HARMON12019, the Trustees and the
ManagemL'nt wlio operate under delegated authority.
Direetor8.'
Reerultment and appoilltment of dir￿tors
Under the requirements of the Articles of Association as revised in March 2014, the directors are trustees of the
charity and are known as Members ot"Coiincil. From that rcvision date, Dircctor Trusfres serve for 4 years dated
from the first AGM at which they are voted in, they are eligible to serve up to three t¢nns of four Ye￿ at which
POAnt they must retire. The date cycle 1$ from their first Alim to thLir fourth AGM.
Name of Director Trustee
Appointment Date
281b March 2023
Expected term eDd AGM date
18t terni Chau. June 2026
Archer, Paul (Chair}
Carson, Norman (Chair)
McIlhagger, David
(Deputy Chair)
26th August 2021
30th June 2010 (NED)
Chair May 2014- Dec 2020
29th October2014
Deceased 18th June 2022
Appointed Deputy Chair I It Jan 2020
June 2026
Reagan, Peter
June 2023
Lavery, Brian
181h May 2020
15th June 2020
June 2024
Irwin, Hannah
June 2024
Collins, Paul
15th June 2020
June 2024
Colgan, Elaine
28th July 2021
5th November 2021
June 2025
Graham, Amira
June 2025
Page 4

HARMONI 2019
REPORT OF THE DtRECTORS FOR THE YF,AR EfsDED 31 DECEIWIBER 2022
STRUCTURE GOVF,RNANCE AND MANAGEMENT
continued
Direclor Trustees during reportimgperiod
No Member of the B0￿d of Director Trustees had a beneficial interest in any contract with HABMON12019
during the year.
Succession Planning,.
From I 91 January 2020 the board of trustees have creatsd a deputy chair role to ensure that in the event of the chair
being unavailable theie re￿ainS a line of consistency in the charity governance. Since the creation of the role
which Mr David Mcllhagger has occupied there has been regretfully a need on two separate periods for the
Deputy Chair to step Anto the role of Chair presiding.
The most recent event being thc untimely passing of Mr Norman Curson MBE. The trustees place on record their
apprcciation for David's willingness to step into the role and provide stable governance leadership during the two
va¢ancies.
Mr Paul Archer has been appointed &8 Chairnian in March 2023 and Mr David McIlhagger will retain the deputy
chair role and chair of the Finance and General Purposes Committee.
Truslee thducllon and tralning
Trustees are aware of the practical work of HARMON12019 at the hostel in Bclfast and Strickland's Care Village
in Bangor. New trustees are expected to attend an Anforniation session to fwniliarise th¢m%elves with how
HARMONI 2019 operates. These are jointly led by the Chair of the Board and the Chief Executive of HARMONI
2019 artd cover the following,.
The obligations of the Trustee Directors
The Arti¢les of Association
The fAnanGial position as sct out in the latest published accounts
Future plans and objectives
Ncw trustees receive copies of the Articles of Association, the latest financial statements, the current strategic
plan and thc current year business plan. They then meet the CEO and undertake a half day induction process to
provide infonnation on the charlty function.
To ensure that trustees have up to date knowledge regarding charity management issues and the impact of changes
in the public sector it is expected that trustees will have the opportunity to attend suitable training and infonnation
events, The CEO disseminates all regulatory guidance to trustees as it is received by the charity.
Rlsk management
The Board of Director Trustees continues to review the major risks to which HARMONI 2019 is exposed. The
risk management strat¢gy fur HARMONI 2019 is one which scL'ks to identify risks and mitigate or manage those
risks. It is not designed to remove all risk as to do so is in itself a risk which could render the organisation
impotent. The risk framework seeks to firstly identify the organisational risk appetite, over a range from low,
medium or high appetite.
The Board of Trustees receive regular updatss to the risk register. This process allows the board to see pertlnent
corporate i'isks, these risks are categoi'ised with probability and impact scores as High, Medium or Low risk. This
measurement is designed to identify risks that require immediate attention and mitigation, and those that n¢¢d
attention, but are less immediate
Page 5

HARMON12019
REPORT OF THE DtRFCTORS FOR THE YEAR ENDED 31 DECEMBER 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)
Each risk is then identified with a risk owner and a mitigation plan narrative provided. Each update of the register
identifies new risk5 and changes in the previous risks due to the effects of the planned mitigatton or other ¢xtenMI
circumstances.
The core risks for 2022 were identified as,.
Funding Compression: While there was some flnancial support proffered by the Department of Health
there remains no annual Cost of living increment recognition policy for Supported Living therefore, the
perpetual Compression between required income increases and a¢tual or no income increase8 from the
Statutory funders rcmains unresolved. 'I'he mitigation for that risk continues to be the CEO and senior
executive teams engage at the highest levels with the fvnding Ix)dies.
Staff resource3: The incre￿Ing demand for agency to fill unfilled employed staff hours grew in 2022, it is
recognised that this would if unchecked lead to an unsustainable situation financially This leads to limit
service growth in respect to accepting new higher need clients, and it could r￿uce reserves over a
prolonged period as the agency c05t is significantly higher, The mitigations for this have remained to
attempt to keep retnuneration levels abov¢ that of National Living wage and through the use of Values
based recruitment and retention stt'ategies increase the employed woi'kfow¢. At thL end of 2022 we noted
rise in inflow of employed staff.
Impact of Covid 19: While we remaincd vigilant to covid, during the year the management protocols
directed from statutory bodics reverted to a standard Risk based approach.
Procedures are in place to ensure Compliance with health and safety of staff, suppliers, volunteers, clients and
ViSAlors to the Hostel and Strickland's Care Village.
Page 6

HARMONI 2019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2022
STRUCTURE, GOVERNANCE & MANAGEMENT (continued)
Organisailonql slruclure
The Board meets at least three times a year and is rcsponsible for the strategic direction and policy of HARMONI
2019. The Trustees come from a variety of professional backgrounds relevant to the work of HARMON12019.
The Finance and General Purposes Conllnittee meets approximatsly three times a year and as per the change in
ternis of reference agreed in 2017 the committee now receives all audit repons on behalf of the Board.
The development ¢ommittee, which is a project-based cominittee, did not meet in 2022 due to there being no
relevant business before the committee.
Responsibility for operations management is deleg*ed to the Chief Executive.
In January 2022 the Board of Trustees launched the next strategic plan iteration, it is entitled Research.
Knowledge, Action. It is led by research allowing time to garnish detailed information which will inforni future
direction decisions. The key objective being that this newfound knowledge leads to risk assessed actions which
are aimed at enhancing the service offering5 provided by the charity.
Governanee:
The Board will fonnally meet a minimum of 3 times in the y¢ar to take care of the ordinary business of the charity
and its governancc requirements. The board also receives a detailed sub report on Health and Safety,
Safeguarding and Deprivation of Llberty issues if any have arisen.
They will meet at other times for special topics meetings a5 and when required. The Sub Committee of the
Finance and General Purposes Committee will nornially meet one week in advance of each fonnal board. The
Development Committee will meet as requlred to meet the needs of the project timeline.
Corporate Oversight:
The Senior Management Team meets regularly to ensure the management of the main corporate needs are being
met. A key element of this discussion will be the budgets, actuals, and variances we are experiencing and what
controls or ¢hang¢s we need to effect in order to keep the organisation on track.
Corporate Management:
The Unit Managers will meet with members of the Senior Team &5 required to review th¢ perforniance of the
overall business with specific input from th¢ unit heads, These discussions include the regulatory and compliance
element5 from the funders and commissioners of the servi¢es and also key safeguarding issues.
Operations Management..
A member of the Senior Team meets their direct line management team as needed to review and discuss
operational issues and take any operational decisions arising.
Page 7

HARMONI 2019
REPORT OF THE DIRECTORS FOR THF YEAR ENDED 31 DECEMBER 2022
STRUCTURE, GOVERNAIYCE & MANAGEMFNT (continued)
The operational organisation structure:
¥xl4
Maurtt¢ GOgJwl
R£5wrc
RUb45Te￿d￿In￿O0r
Plthll0￿rnothy
R051IrthAisodal4
Svpport fo4rn
Prcle<i Wotkvl
141eht5t411
Page 8

HARMON12019
REPORT OF THE DIRFCTORS FOR THE YEAR F,NDED 31 DECEMBER 2022
STRUCTURE, GOVERNANCE & MANAGEMENT (continued)
Related partAe5
HARMON12019 did not have any dealings during 2021 with any companies or other organisations in which any
of the directors have an interest.
OBJECTIVES AND ACTIVITIES
The principal objects, as updated, of HARMON12019 are to.. -
To relieve povety, illness, sickness and suffering of people who are in need by reason of sickness, disability,
povety or social and economic circumstance ('the beneficiaries).
To advance the interests of benefjciaries by all means including* but not litnited to, their Closer integration
into widcr %oci¢ty.
In the interests of social welfare to provide or assist in the provlsion of supported housing facilities or other
services, such as nursing care or domiciliary care, which imPTove the conditions of life of the benefLciaries at
provide or assist in the provision of respite Care or other support for carers of the beneficiaries.
To advance the education of the benefjciaries and educate and raise awareness among the public of issues
pertaining to social welfare and people with disabilities.
To relieve sickne55 and poverty of elderly disabled sick or injured persons and their Carers by offering
assistance to enable those in need to secure respite care.
Such other exclusively charitable purposes according to the law of Northern Ireland for the beneficiaries as th¢
Tn￿tee8 may from time to time decide.
Strickland's Care Village located in Bangor provides accommodation in thirty-threc 8eparate units for those
individuals living with a disabilily and needing support and carc at various levels depending on assessed need.
The Belfast hostel provides emergency accommodation for fifty-nine men experiencing homelessness with one
room specifically renovated for men with disabilities. The men are supported and enGouraged to improve their
Situation by taking the necessary steps to move on to training opportunities and employment, and to pennanent
accommodation. There is closL cooperation with the statutory authorities and the Northern Ireland Housing
Executive,
Page 9

HARMON12019
REPORT OF THE DtRECTORS FOR THE YEAR ENDED 31 DECEMBER 2022
STIL4TEGIC REPORT: ACHIEVEIVIENT & PERFORMANCE
STBATEGIC REPORT
Achievements and Performance
Organisalional..
In April 2022 the Trustses were introduced to the new concept of Psychologically Infornied Environments (PIE).
This overarching model is designed to ensure the organisation sees everything it does through the PIE lens. The
key element of that lens is to ensure we consider the client and their journey. After deliberation the trustees
declared that HarmonI would pui'sue this model organisationally. Some key reasons for that decision were..
It ensures a PsychologFical based approach.
It places a strong emphasis on the client joiirncy (Person Centred)
It places a strong emphasis on staff support, development and inclusion.
It fosters a culture of learning and enquiry.
It ensures the physical needs of built environment are included in the procoss.
It is not a restrictive list of do and do not, it remains flexible to the needs of the Glient and the
organisation.
The PIE philosophy is very much in line with the new HR approach initiated in 2022 by our HR manager Shirley-
Anne M¢Ferran. The values-b&sed approach has shown incredibly positive benefits throughout 2022 with at least
500/0 of our new recruits joining undLr this initiative. We have noted significant changes in employee matters
arising from the rcduccd nL'ed for investigations and disciplinari¢s. We have also noted greater staff engagement
in discussion focus5ed on the client needs.
The changes are subtle but power￿1, ultimatsly adding value to the Client experience of Harmonl's services.
Slrleklands Care vlllage:
A key element in our strategic aspiration for some time ha5 been the implementation of a new digital care
manag¢ment system. In 2022 we were su¢¢essfully able to secure a grant to fund the new system aspiration
alongside a grant to deliver a site wide Wi-Fi system and associated digital tablet hardware. The net benefit to our
lient will be the real tlme updating of their daily liviiig plans. the management of their medications and staff
rostering. The sole aim being to maximise the support and care time within an administration rich regulatory
requirement.
The management of Covid was reduced in year by the statutory bodies to a risk-based approach on 8 case by case
basis, We remain on high infection control awareness, but the relaxations have allowed much more association for
clients to return.
Our maintenance progi'amme continues to ensure the clients homes are maintsined to the high standards we aspire
to for them.
Stricklands Care Village again received a positive RQIA report in 2022 foElowing an unannounced inspection
with no improvement plan required.
Page 10

HARMONI 2019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBF,R 2022
STRATEGIC REPORT: ACHIEVLMEIYT & PERFORMANCE (contlDued)
Utllity Slreet Hoslel..
The occupancy level in the Hostel has continued to be maintained at an average of 53 men per week. While it is
great to have the service so close to full it is nevertheless saddening to know the demand for emergency
accommodation continues to grow.
We successfully rolled out the new client management system in the Hostel and in June 2022 transitioned all
referral, occupancy and support infonnation across to the new system.
In 2022 we supported 260 men through the service. Of those 74 went on to successthl planned departures.
Our Keys to life prograrome continued throughout the year. This year 22Q/o of men in the hostel engaged with the
programme. A small group of around l O clients volUntee￿d to help build a new sensory garden for the clients in
Stricklands Care Village. The great element within this is the rnen themselves wanted to give back to other people
in tl)e community. The residents of Stricklandg Care Village have thoroughly enjoyed the iiew facility and are
grateful for the support Keys to Life brought.
Public Benefit
The directors confimi that they have had due Tegard for the guidance produced on Public Benefit by the Charity
Commission for Northern Ireland, and are pleased to report that during 2020 they have continued to meet the
Public Benefit requirement as follows:
The core activity for HARMON12019 is the relief of poverty, illness, sickness and suffering to those living with
sickness, disability, poverty or social circumstances. All our engagement activities have been with individuals
from one or a range of these groups. The organisation has sought to revive these impaL'ts firstly by providing
suitable and appropriate acconunodation, be that in Supported Independent living or Hostel provision. The
organisation sccs that pruvlsion as the start of our service intervention.
From that point forward, we seek to create a person-centred provision that AS cognisant of the individual's need.
Many of our residents and service users h&ve these needs identified through professional assessment, either from
the health care trusts or other social services.
In all HARMON12019 service interventions, we first consider the clients personal needs. Our core model remains
accommodation-b&sed care and support, subject to the service engagement. We continue to believe that the most
important element for all OUT clients remains ensuring a safe and secure place to live. This delivers consistency in
what has for some of our olients been a chaotic life to dats.
Those for whom the need is centred on personal care Are provided a bespoke care and support daily living plan
which centres around their personal needs. This is achieved in conjunction with the South East Health Trust care
manageinent teams to ensure the assessed needs are met. Next of kin and family provide valuable input to those
requirements in the care plan development stage. Further supports are designed which enable the client to live as
independently as they wish or are capable of. All these plans are subject to regular review and updating as
circumstances change.
Those for whom support is the core focus of our engagement will receive a personal support plan which aims to
assist them in achieving their short tsrni goals which are aimed at delivering a longer terrn goal, in the case of our
lients in Utility street this is independent living in a place of their choosing.
Page 11

HARMON12019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2022
FINANCIAL REVIEW
For many of our Service users the reality i8 that their experience with HARMONI 2019 is about small steps at
personal capacity l Capability building. Many of our residents and families have seen a marked improvement in
the indAviduals' engagement and socialisation skills and their ability to conununicate their wants and needs
personally.
HARMON12019 works closely with multiple statutory bodies to ensure we plan for and deliver suitable and
successful outcomes for each and every one of our service users. This joined up approach ensures that the overall
public benefit is delivered where service users have longevity consistency and therefore tend not to move
between other agencies or service provisions.
Page 12

HARMONI 2019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2022
INANCIAL REVIEW
HARMONI 2019 is a unique organisation, not least because of the diverse nature of the ￿rVICe users but also
because of the blended fiLnding sources for OUT service delivery. Hamioni is very grateful to the Northern Ireland
Housing Executive and the South-Eastern Health and Social Car¢ Trust. being the principal finders of these
activities.
The directOT8 note that there is a total Net Expenditure for 2022 of £98,199, compared to Net Income of £497,578
in2021.
The directors however note that the charity remains in positive position in terms of generation of a surplus from
operating activitie5. 2022 saw Net Income from Operational Activities of £91,926, with a figure of £283,247
refl¢ct¢d in 2021.
The main points of note are-
Incoming Resource5 have increased by £348,040 (10.570/0
Incre&se in investment income of £24,698 (Increase of 21,42 0/.).
Increase in income from charitable actLVlties of £332,047 (Increase of10.4￿/Tr). Much of this relates to
Covid 19 funding, including funding for special recognition payments that was made to staff, as well as
annual uplifts to contracts from SEHSCT and NtHE.
Expenditure has increased by £539,361 (17.920/0)
Increasc in expcndilure on ¢haritable activities of £546,116 (18.490/0). Costs increased across all
departments and expense types, with significant incrLa&es in utility costs, insurance and food. On top of
Ihis incr¢as¢s to NL W ￿}d decreased staff availability meant a very significanl inLrease in agency Costs
in year (650/0 increase on 2021)
In 2022 the organisalion saw a loqs on the revaluation of investment assets of £190,1 ?5. This primarily related to
the value of current asset investments (loss on revaluation of £240,125). The revaluation on fixed asset
inveslments meant an uplift in the value of the properties lield of £50,000. Thi81()%4 1)n revaluation is a swing
from a gain on inv¢sknent of £214,331 in 2021, which primarily related to the uptum in the fftnveslment market at
that time.
The net effect of these movements is that the charity returned a Net Expenditure figure of £98,199 in 2022.
This gives reserves carried forwaJd on the balance sheet at the eod of the year comprising Restrictsd Funds
carried forward of £161,759 (2021 .. £188,084) and Unrestricted Funds of £6,575,121 (2021: £6,646,995). The
Unrestricted funds carried forward comprise Investment Revaluation Reserves of £ E,771237 and General Funds
of £4,803,884.
The balance sheet of the charity remains strong, with current assets, including current asset investments,
comfortably exceeding current liabilities by £3,007,188.
Page 13

HARMONI 2019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2022
FINANCIAL REVIEW (continved)
During the year, our inconie came from the following sources:
Income for the year ended 31 December 2022
0.10%.
3.84%
96.06%...
Donations & Le8acies
J Investments
Charitable Activities
This income then allowed us to achieve our aims and objertives for the organisation through making the
following expenditure:
Expenditure for the year ended 31 December
2022
0.12%
-1.28%
98.60%_
Grant Fundrai51ng Costs '.1 Investment Management Costs • Charitoble Activities
Page 14

HARMON12019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2022
Reserves Policy
HARMONI 2019 aims to maintain a level of resources that match the needs of the organisation, both now, and in
the foreseeable fy￿e.
The two main objectives are that-
the available reserves ensur¢ that the activities of the organisation could continue in the face of any
unexpected reduction in, or loss of, a particular income stream, while allowing the org￿lIsation time to seek
altemative funds or restructure/¢ut costs.
b. the available reserves allow the organisation to progress with the organisational development plan laid out in
the strategic plan 2017-2022.
The Director5 asses5 the risks that HARMON12019 could be exposed to, and the appropriate level of reserves
that should be maintained.
The current assessment of the target range of free reserves- fundg that are freely available to be used for general
charitable purposes - held by the company should be 6 months of expenditure, with an additional amount to allow
the Board the potential to carry out operations in line with the strategic plan.
In carrying out their assessment of reserves the Directors exclude the fjxed asset fund of £2.6m because this
represents functional, operatioiial assets within the organisation that could not be realised quickly, restricted
T¢S¢TV¢$ of £0.162m which have restrictions placed over the use of funds by the individual thnders, aiid the
investment property valiie of £1.5m which is used as mort&Tage security for the original long-term loan. After
excluding the r￿ed asset fund this leaves free r¢serve5 of £2.47m.
In the strategic plan 2022-2025 the Directors have identified several key projects to investigate. They have also
identified the need to biiild and maintain appropriate reserves to carry out these plans,
This is to entsure that the orL7anisation can grow and develop while maintaining the range of serviceslactivities.
and in time the reserves should rclurn to a level equivalent to the equival¢nt of 6 months running costs.
Investment Policy
The Directors have agreed an investment policy within the powers provided to them under the Articles of
Association of the organisation. The organisation has a long-established balanced approach towards investment
risk, with the need to both protect and grow the charities assets for all service u5er5. Therefore, the Directors
defme the organisation's expected investment profile to be balanced, with a desire to grow, but also protect the
capital invested, whilst providing a useful source of income from dividends.
The Directors wish the portfolio to represent a balanced spread of investments Èn equities and fixed interest
securities and bonds.
The investment portfolio was managed during the year under review by Evelyn and Patlners alongside Abrdn
(fonnerly Aberdeen Standard Capital) (on behalf of the Northern Ireland Central Investment Fund for Charitie5).
All are professional investment managemeni companies in good standing and regulated by the Financial Conduct
Authority.
As a charity with a strong EvangelÉcal Christian heritage, the ethos of which casts a guiding shadow across the
organisation's moral position, the Directors have advised the investment matmgers that the organisation do not
wish to invest in the following:
Alcohol or tobacco trades
Arms and miinitions trades
The performance of the investment portfolio is rnonitored regularly by the Directors. In the year under review the
investments continued to perforni well and in line with objectives? providing a good level of dividend income.
Page 15

HARMON12019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2022
Continued)
PLANS FOR FUTURE DEVELOPMENT
The charity placed a hold on major developments during the pandemic, this however has not quelled the plans to
increase the positive impact HarmonI 2019 delivers to a diverse client group. The key enabler of our future
development will be the research project which will generate new knowledge or solidify Current knowledge into a
more cohesive ethos and philosophy upon which to build, both figuratively and physically) our future service
offerings.
In 2022 we had the opportlmity to work alongside undergraduates forni the Queens University Belfast Business
School who carried out a specific piece of market penetration analysis for us in respect to a possible ￿tUre
service. That work will complele in early 2023 and will be used as a foundation for further analysis to deterniine
if a sustainable business ¢ase Can be drawn up enabling a new service development to be started.
THANKS AND APPRECIATION
HARMON12019 would like to place on record their thank5 and appreciation for:
The Continued funding provided by the Health Trust5 and the Northern Ireland Housing Executive towards the
cost of providing vitsl services in Strickland'5 Care Village and the Men's Hostel.
The Boys, Brigade have been involved, for over 100 years, in organising house to house collections to support the
Work of Harmoni, Unfortunately, with the Covid pandemic and associated restriotions, the opportunity has been
reduced signifIcantly* although we still receive small contributions from individual company's for which we
remain grateful.
The National Lottery Community Fund for the funding to operate Keys to Life project.
The Dorniant Accounts Fund Nl for the funding to facilitate the research project.
Those many organisations and individuals who made donations of money> goods and time to the clients at the
Hostel.
Page 16

HARMONI 2019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2022 (Continued)
FIXED A&SETS
Details of fixed asset movement in the year are given in TLQt¢ 7 to the financial statements.
Although the market value of the operational property is comfortably in excess of its amortised historic cost. the
difference is not felt to be of significance to members.
FAIR EMPLOYMENr
The charity is committed to a policy of equal opportunities for all current and future employees. This policy also
in¢ludes complian¢¢ with the Sex Discrimination (NI} Orders 1976 and 1988 and the Disability Di5Grimination Act
1995. These poli¢ie5 are incorporated into the Equal Opportunity of Employment Guidelines that are adhered lo by the
charity.
STATEMENT OF DIRECTORS, RESPONSIBILITIES
The dire¢tOTS ar¢ r¢5ponsibl¢ for preparing the financiv41 statements in accordance with appli¢abl¢ law and United
Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepar¢ financial statements for each financial year which give a true and fair
view of the State of affairs of the company and of the profit or loss of the company for that period. In prepartng those
financial 5tatementB, the directors are required to
select Sultable accounting policies and then apply them consistently.
make judgements and estimate5 that are reasonable and prudent.
prepare th¢ financial stateinents on th¢ going concern basis unless it is inappropriate
to presume that the company will continue in busin¢5S,
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any
time the financial position of the company and to enable them to ensure that the financial slatements comply wilh the
Companies Act 2006. They are also responsible for safeguarding the assets of tlie company and hence for taking
reasonable steps for the prevention and dctcction of fraud and other irregularities.
REPORT AIYD FINANCIAL STATEMENTS
This report and financial statements have b¢en prepared in accordanGe with the Statement of Recommended Pra¢ti¢¢.'
Accounting and Reporting by Charities and in accordance with the Companie$ A¢1 2006.
AUDIT
The director8 have sought to make thcniselves aw8re of any relevant audit information and to establish that the auditors
are aware of that inforniation. Insofar as the board is awa￿ there is no relevant audit infonnation of which the
company's auditors are unaware.
AUDITOR
The external audit assignrnent for 2022 and the subsequent 5 years has been awarded to Baker Tilley Mooney Moore
after an open competitive bid proGe55.
ON BEHALF OF THE BOARD:
SA Humphries - SecretAry
26- 6.. 7<Jzg
Page 17

HARMON12019
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF HARMONI 2019
We have auditeddK finwial Stat￿nents ofHARMONt 2019 (the.Ch￿Atfible conwatty,) fOrtheY￿ ended 31 Decem1￿2022
which comprise dle Ststement ofFinancial Activities, the Balance SheeL the Statetnert ofcashfiows and nirtes to the financtal
stalementy iticluding significanta￿0Vnting ￿)licIes. The fmcial framework been applied in their
pitpardtion is app]icable law United King(k)mAccounting Stsndards, including Fillallcial RwtiE Standard 102 The
Financial Rq￿hog standa￿ appIicabk ill￿ UK andRepublic of Ireland (Unit&d Kll]gdom GeneraUyAcceptedAccounting
Practice).
In our opinionthe financial st2tements'.
give atr￿ fair view ofthe siafr ofthe charitable company's affairs &8 at 31 December 2022 and of its itwoming
resources 8nd application of Rsourc48, including tts i￿Orne and expendittmk forthe yearthen evded;
havL properly pttpared in acCOrdan￿WIth UnitsdKingdom GeneTrlly AcLeptslAccounting Practice; and
hav¢ been p￿p￿td inaccordance with the requirements ofthe Act2006,
We condwfrd our a￿lIt in accoTdance with Inten￿tiOnal Stsndard8 on (UK) (ISA5 (UK)) aJ]d applicable law. Our
onsibiltties under those standards fikndescribed in the Auditor's ￿s￿)nSibIlitieS for the audit ofthe financial
Statem￿ sectionof ow wort. We are independentof the charitsble company in accordancz with the ethical requirements that
are relevant to our audit ofthe financial statements in the UK including the FRC'S EthicaI Standart andwe have fulfdled our
otheJethical res￿￿1b11ltiCs inacc0rdancewlthtt￿ requIrenr￿. We believethat the audit evidence we have obtsllied is
sufficient and appropriate toprovide a E&8is forour opinion.
In a￿tIting the fjnancial statements, we have concluded that the trus*es' we ofthe going concern b93is ofaCthUnt￿￿ inthe
preparation ofthe financidl 51atements is appropiiate.
B8sed on the work WL. Iwve we have not identified any material uncetsiites relating to events orconditions tha(
individually or collectively, may castSi￿lficantdoubl on the cliaritable compangs ability tocontinue &8 a&yoing concem fora
poiod Ofatleast￿lv¢ monts from when the financial statements areauthorised for issue.
Our ￿ponsIbIlitieS and the rtsy)nsibilitio8 of the ttustees with Rspectto goinge0￿ are descnbed in ￿leVant$e¢l1onS of
thi8 rekKI
The othcr info￿0Th comprises the infOn￿On irKluded in Ihe DirectOJ5 annual tEporL ollier than the financial slatements aJKI
our auditor's IEPOrt ther￿n. The trustees ￿S￿nSIble for the other inf0m￿tiOn wntsined within the annual reFth. Our
opinion on ￿ fi￿￿la1 slatements does not cover the 0therinfom￿ti0n exceptto the extent (rthenvi8e cxpiicidy stated in
our repo¢ we do not expIESS any lonn ofassurance conclusionthereon. OurRspongibi]ity isto ￿ad the other infomthon anl
doing S￿ rA)nsAderwhcthcr the cther Anfonnatim is materialty inconsisteni with the financial statements orourknowknlge
obtai￿1 An theeou￿e ofthe auditor Othe￿ist appea3 to be nmterially misstst&l. Ifwe identify such material inconslstencies or
apparent mataial misStatement4 we are ￿qUI￿1 to detcnnine whether Ihis gives rise to a rna￿1￿ InisstatcmLnt in t1￿ financial
statements then￿elves. 1£ b&5ed on the wod(we have perfomrf we conchde thatthere is amati1￿ misstatementofthis o
lnfonnati0￿ we wUl￿d to trport that (act.
We have nothing toKport inthis, iygth.
OpinM)nson othermAtteTr prescnl￿l bytheCompani¢5Act2
tnour opiniory b&sed on the work undertsken in the cOu￿e ofthe a￿lIt
the It￿m￿ong1Ven in the DArth￿, report for the fin8nciaJ year for which the financial statements prepared is
consistentwith the fin￿￿la1 Staten￿￿' and
theD1￿CtO￿, iy)orth&8 been Wep￿￿1 in acc(xdance with applicable legal ￿quI￿ents.
In the bghtofdr Ill￿VIedge and unde￿la[KIlng ofthe charltable ¢onyny and its enviro￿ obtai￿[ in the Co￿3e ofthe
we ljave notidentifiedm*rial misstatements inDirectots' re[￿l
Page 18

HARMONI 2019
IriDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF HARMONI 2019 (Continued)
We have rnthing to rq￿ inrwe¢t ofthe following matters in ￿lationt0 Nvhichthe CompaniesAct 2(M)6 requiresus to IEI
to Y(￿ if, in ouropinion:
&qL￿tsacc0unting recordshave notbeen keptr, or
the financiaj statenlents not in agreementwith Ihe ￿countIng records and rettJm8' or
cefviii disclosures Ofd1￿ctO￿, remuneralion sttcified by law not n]ade' or
we have not ￿ceIVedal] the infOnT￿tIon alld&Kplanations we requi￿ forow audiL
RwoTh$ibiliti£soflnLqtees
As. cxplained nu)re fully inthe Directots, nwrLsIbi]itses statemtht set outon page 16, the DI￿torS (who are alsothe Trustees of
the charitsble company forthe purpow ofcompany law) responsible forthe p￿0[the financial thtements and for
being satisfied thattly give atrue and fair view, and for such internal cont￿1 &$ ttusttt8 {ktern￿ is necemyto enable the
Jn prepa￿ the financial statem￿, the D1￿ctO￿ wbk for asS￿ing Ihe charitable company's abilityto ci)nlinue as a
going wnceni discknsj￿ &8 applicabl< Matt￿ related to going cowem atKI using thegoing concern b&sis ofaccounting unles8
the InL8tees either inte￿It0 liqtlldate the ch￿Itable comkw orto cwe 0￿10￿5, or haveno re81istic altenwtive but to (l) so.
Auditrfs for the audkoftheffflan￿ls￿teMellts
Ourobje¢tives alr toobtain re￿[thI¢ ￿VranCe about whedwthe financial statements awhole are free from mateiial
mis8tatemenL whether due to frai￿ or cm)T, wid to issue an auditor's reportthat Includ￿ our opinion. Re&sonabk assurarKe is a
high level of &5surancc, bul i% n(rt a gLrntee that an audit CAJnducted in ￿corda￿e with ISAS (UK) will 8Jways detertamataial
misslalcmcnt wkn It￿]Sts. Misstatemet)ts can arlse fiDm ftaud orenDr and consid¢￿1 if, individ￿llY or in the
yreg4 theycould reasonably be ex￿ to infiua]ce the ec(MN)nllc decisions ofuswB taken on ￿ basis ofth&8e firnncial
I￿guI￿ltie4 incluthng fi8￿ 8Jr ]Thstan￿S ofnon.comp]iance WAth laws gnd regLdatis)ns. We design prOc￿lL￿￿5 in line withour
Jrspon8ibilitie4 oullined above, to detectmaknial misstatanents in ￿$￿Of iffegu1￿j1ies, including fraud. The sprcific
priKYdutES forthis eng8gertand tt]e extentto thich these capable ofdetecting inrgularities, including fraud is delailed
below:
We con8idered the opportunities and incentives that may exist within the organisation for fraud and identified the
greatest potential for fraud in relalion to revenue recognition. In common with all audits under ISAS (UK), we are
also required to perforni specific procedures to respond to the risk of management override.
We also obtained an understanding of the legaE and regulatory frameworks that the charitable Company operates
in, focusing on provisions of those laws and regulations that had a direct effect on the deterniination of n￿terIal
amounts and disclosures in the financial statements, The key laws and regulatlons we considered in this context
included the UK Companies Act, and The Charities Act (Northern Ireland) 2008.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial
statemcnls but Loinpllance with which n￿Y be fundamental to the Company's ability to operate or to avoid a
material penalty. These included compliance with Financial Conduct Authority regulation for the UK operating
segment and compliance with local legislation for the ov¢rscas OPLrating segments.
Our procedures to respond to risks identified included the following:
reviewing the financial statement disclosures and testing to supporting documentstion to assess
compliance with provisions of r¢levant laws and regulations described as having a direct effect on the
financial statements.
enquiring of management and external legal Counsel concerning actual and potential litigation and
claims.
Page 19

HARMON12019
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF HARMONI 2019 (continued)
perforniing analytical procedures to identify any unusual or unexpected Telationships that may indicate
risks of material misstatement due to fraud.
reading minutes of meetings of those charged with governance, reviewing internal audit reports and
reviewing regulatory correspondence"
in addressing the risk of fraud through tnanagement override of ¢ontrols, testing the appropriateness of
journal entri¢s and othew adjustments. assessing whether the judgements made in making accounting
estimates are indicative of a potential bias. and evaluating the rational¢ of any significant transactions
that are unusuat or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team
members and renmined alert tt) any indications of fraud or noncompliance with laws and regulations throughout
the audit.
Be￿￿e ofthe inhercnt limilations ofan audi¢ there is a riskthatwe will notde￿t all inEgul&ities, including t[￿Se le￿ling to a
material inisStaten￿ttt in the financial sl*ements ornon.compliance with regulati(￿. This risk I￿reaseS tELe MO￿ that
compliance with a lawor regulation is removed from thecvents andtrajwdions ￿tlected in the financial slatenH)ts, aswe will
be less likely to become aware of instsnces ofTh)n.L(xnpltansx. The iisk is also water ￿gardIng inv]￿ltieS O(tU￿Jng due to
fraud rntherthan enDr, as fiaud involves intentional concealnrt forgery, COU￿$1￿1 Omi￿lOn ormiswnlation.
A fijrtherdwiplion ofour ￿SP)nsibl11tieS is avallable ontheFinancial ReEy)rting Councll's website at:
,11￿￿411.$].c.oi￿￿.ll7￿£jIIdl1O1S1.¢Si)0jiSIb1Il1jQ,s. This d&scription fom]S Pthot'our auditor's re[￿.
We communicate withthose charged withgovemance ￿gardIn& ankmg other matter$ sig]ifiCanta￿It findings, inc1￿]ng￿nY
significant &fici&￿Ie$ in intemal control that we identify dwing our audit.
U8eof0urre￿rt
This ￿t%)rt is mth solely to the ch&itable company's membets, &8 abcxly, in ￿rd&￿e with Chapter 3 ofPart16 ofthe
Companic5 ALI 2006. Ouraudit WO￿ has been Undert￿en 50 that we inight state todK tharitsblc comtAny's members th08e
matters we are required to stateto them inanauditOA s reportatKI for nr) otlYrpwp)se. To the fiJllestextent Fennitted by law, we
do not accept or &55ume ￿s￿nsiblEity to anyone othcr than the clwitable company and the charitable company's members as a
bcdy, for auditworl forthls rep)¢ or forthe opinions we have fomied.
E)icJuJn
Eimear Brown (Senior Statutory Auditor)
For and on behalf of Baker Tilly Mooney Moore
Registered Auditor
17 Clarendon Road
Clarendon Dock
Belfast
DTI 3BG
Date.. J6 SLUYLdoa3
Baker Tilly Mooney Moore is eligible to act as an auditor in ternis of section 1212 of the Companies Act 2006.
Page 20

HARMONI 2019
(REGISTERED COMPANY NUMBER: R000316)
(REGISTERED NORTHERN IRELAND CHARITY NUIVLBER: 101731)
STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating tbe Income and Expenditllre Accoullt)
FOR THE YEAR El￿ED 31 DECEMBER 2022
Notes
Re8trieled
Funds
Unre8lri¢ted
Funds
31.12.2022
Total
31.12.2021
TotAI
INCOME & ENDOWMENTS FROM:
Donations & Legacies
3.566
3.566
12,271
Investments
139,993
139.993
115.295
Charitabl¢ Activili¢s
961,256
2,536,220
3,497,476
3,165.429
Totil Income
961 256
2.679,779
3.641.035
3 292 995
EXPENDfTuRE ON..
Raising Funds- Investsnent Manag¢m¢al Costs
45,290
45.290
48,805
Raising Funds- Grant Fujthising
4,320
4,320
7.560
Charitable Activities
1.089,823
1,089,823
2,409,676
2.459.286
3.499.499
3.549,109
2,953,383
3.009,748
Tot#1 expenditure
N¢t IExpenditure)nncome from operatlonal
i¢tivitieJ
(128.567)
220,493
91,926
283,247
G&inllLoss) on revajuallon of investment assets
Net (Expenditsrelllneome
23
190 125
30,368
190 125
(98,199)
214331
497,578
(128,567)
Transfer between fvndj
21&22
102,242
1102,242)
Net movement In Funds
(26,325)
(71.874)
(98.199)
497,578
R¢roncilla¢lon of Funds:
Total Fund8 Brought Fonvard
21&22
188,084
6,646,995
6,835.079
6.337,501
TOTAL FUNDS CARRIED FORWARD
21&22
161759
6575 121
6 736 880
6 835 079
The statement of financial a¢tivities includes all gains and losses in the year. All incoming reyouroes expanded derive
from continuing activities.
Th¢ notes fom part of these financial stat¢ments.
Page 21

HARMONI 2019
(REGISTERED COMPANY NUMBER: ROI)0316)
(REGISTERED NORTHERN IRELAIYD CHARrrY IYUMBER: 101731)
BALANCE SHEET
31 DECEMBER 2022
No¢es
31.12.2022
31.12.2021
FIXED ASSETS
Tangible &8sets
2,590,045
1,699,504
4,2¥9.349
Investments
2.696,151
1.649,504
4,345.655
CURRENT ASSETS
Sto¢k
io
.421
225,116
2,234.968
899,377
3,360,882
959
Debtors
li
Inv¢stments
Cash at bank and in hand
176,758
2,500.803
815,148
3,493,668
12
CREDITORS
Amounts falling due within one year
13
353 694
340 469
NET CURRENf ASSETS
3 007 188
3 153 199
TOTAL A￿ETs LESS CURRENT
LIABILITIES
7,296,737
7,498,854
CREDITORS
Amounts tallin8 du¢ after more than on¢ year
NET ASSETS
14
559 857
663 775
20
6 736 880
6 835 079
THE FUNDS OF THE CHARITY..
Restrleted Funds
21
161759
Unre51rieled Fundi
R¢valu&tion Reserve
General Fund
1.771,237
4,803,884
6.575,121
6,736.880
1,961,362
4.685,633
6,646.995
6.835.079
22
The financial staternents were authoris¢d for issue by the Board of Directors
signed on its b
f by..
and were
Director- P Archer
The notes forn] part of these financial statements.
Page 22

HARMONI 2019
STATEMENT OF CASHFLOWS
FOR THE YEAR ENDED 31 DECEMBER 2022
31.12.2022
31.12.2021
CAsb generatedl {used) in operating activiti¢s- see Note 25
43,968
336,580
CAshflow8 from Investing Activiti¢8
PurclLase of tangible fix¢d assets
Purchase of current osset investments
Proceeds from sale of current asset inveslments
Investment in¢ome
Bank deposit interest
Proceeds fi'om disposal of tangible fixed assets
Cash receipts from rentals of investnenl properties
CAsh (us￿1/prOvIded by Investing Activities
(7,461)
(120,865)
146,575
65,516
(10,565)
(3.087,805)
2,973,805
42,008
74,495
158361)
73,286
(9271)
Cishflows from flnaDcinE 4Ctivitie8
Repayment of bank loan
Bank property finance loan intcrc8t
L¢gACi¢S and Subscriptions
N¢t casb g¢n¢ratedl(used) in finréncing activities
(101.132)
(20,433)
3.566
{117,999)
(98.389)
(23,190)
17.S16
(104,063}
Increa8e in eash & ¢agh eqllivalents in the year
Cash & cash equivalents at Ilie beginriing of Ihtt year
C48h & ca&h eqnlval¢nts At the end of the year
84,229
815,148
899,377
223346
591,902
815,148
Analysi5 of casb & eAsh ¢quivAl¢nts
Cash at bank and in hand
Totil ¢i$h & cash equlvalenls
899.377
899,377
815,148
815,A48
Page 23

HARMONI 2019
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
I. ACCOUNTING POLICIES
Bllsis of preparing the financial gtAt¢m¢nts
The financial statements of this public benefit entity have been prepared in accordance with AGGounting 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 Ihe Republic of Ireland (FRS 102)
(effective l January 2015)- (Charites SORP (FRS 102). the Financial Reporting Standard applirable in the UK and
the Republic of Ireland (FRS 102) and the Companies Act 2006.
Fund Aecounting
Unrestricted fund5 are available for use at the discretion of the directors in furtherance of the general
objectives of ihe charity. Unrestricted funds include revaluation reserves r¢presenting th¢ r¢stat¢mellt of
investment a$set5 (both fixed and current) al market values.
Whilst ther¢ are none to date, Designated funds are unr¢stri¢ted funds ¢arniarked by the directors for particular
purpos¢5.
Re$tri¢ted funds re¢¢ivabl¢ from the Northern Ireland Housing Executive for th¢ir Supporting People
Pro8ramrne operating in both Stricklands Bay and the M¢n's Hostel are subject to restrictions on their
expenditure, imposed by the donor,
Income
All incoming resources are included in the statement of financial activities when the charity is entitled to the income
and the amount can b¢ quantified with reasonable accuracy. The following specific policies are applied to particular
categories of income,.
Voluntary income is received by way of donations, legacies and gifts is included in full in the Statement of
Financial Aetivities when receivable. Legacie5 are accounted for following ¢ntit]ement. Grants. where
entitlement is not conditional on the delivery of & specific performance by the Charity, ar¢ recognised when
the Gharity becorn¢s unconditionally entitled to the grant.
Investment inrome is included when receivable.
In¢omin8 resources from grants, where related to perforniance and speciflc deliverables. are accounted for as
the charity earns the right to consideration by its performance- split between Restrɢled and Unrestricted
funds.
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which
cannot b¢ fully recovered, and is reported as part of the expenditure to which it relates..
Raising funds ¢ost5 compris¢ the Costs associated with the charity's investment propety, ¢urrent asset
investmenls and the cost of grant applications.
Charitable expenditure Gomprises those costs incurred by the ¢harity in the delivery of its activiti¢s and
Bervices for its beneficiaries. It includes both costs that Gan be allocated directly to such activities and
those costs of an indirect nature necessary to support them - split between Restricted and Unrestricted fund5.
Governance costs in¢lude those assoGiated with meeting the constitutional and statutory requtrements of the
charity artd include the audit fees and costs linked to th¢ strategic management of the Gharity.
All costs are allocated between the expenditure Gategories of the SOFA on a basis designed to reflect the use of
the resource. Costs relating to a particular activity are allocated directly, Othe￿ are apportioned on an
appropriate basis as set out in Note 3.
PaEe 24

HARMONI 2019
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
I. ACCOUNTING POLICIES (COlltinued}
Tangible fixed assets (excludlng Investment property)
Depreciation is provided at th¢ following annual rates in order to write off ¢a¢h ass¢1 over its estÉmat¢d useful life..
Freehold property
Improvem¢nts to property
Short leasehold
- 2Yo on cost
1511/0 on cost
IOO/ts on Cost
Long leasehold
Fixtur¢$ and fittings
Motor vehicles
2Oh on cost
IOO/o on cost
250/0 reducing balance
330/0 on c05t
Computer equipment
The cost of aBSets comprises purchase price And any installation charge5.
Penslons
Retirement benefits to certain current employees are Provided by a defined contribution pension scheme. under
"Auto-Enrolment", whereby the assets are held separately from those of the charity in independenily adtninistered
nds, The charity contributions are accounted for by charging costs against Surpluses as payments accrue.
In addition, unfunded payments are made to Certain fonn¢r employees who were members of the old defmed benefit
Scheme, which is now closed. These are charged as payments are made. The capital cost of continuing these
payments, which has not been computed, is not reflected as a liability in the accounts.
The accounting for unfunded pension payrnents is eonsidered to be an immaterial departsre from Financial
Reporting SÉand&rd 102.
Operatlng Leases
Hamioni classifies the lease of office equipment as operating leases. The title to the equipment remains with tlle
ILs¥or and Ihe ¢quipincnt is replaced periodically. RentAI charges are charged to the SOFA on a straight-line basis
over the terni of the le&8e.
Investment Propertles
Investmeiit properties are initially measured at cost, including transaction costs. Subsequently those investrnent
properties whos¢ fair value can be measured reliably are measured at fair value. Gains and losses arising
from changes in the fair value of investment properties are recognised in th¢ revaluation reserve through
gains/losses on revaluation of investments in the Statement of Financial Activities.
Stock
Stock held relates lo food stock held for the kitchen in M¢n'5 Hostel. Stock 15 valued at the lower of c05t and net
r¢alisabl¢ valu¢,
Page 25

HARMONI 2019
NOTES TO THE FINANCIAL STATEMEIYTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2022
I. ACCOUNTING POLICIES (continued)
Debtors
Trdd¢ and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments
ar¢ valued at the amoullt prepaid net of any trade disGount5 due.
Creditors
Creditors and provisions are )rcognised where the charity has a present obligation resulting from a past event that
will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be
measured or estimated reliably. Creditors ar¢ normally recognised at their scttlement amount aft¢r allowing for any
tradc discounts due.
Financial Instruments
Harmoni only has financial assets find financial liabiliti¢s of a kind that qualify as basic financial instruments.
Basic financial instrum¢nts are initially recognised at transaction value and subsequently me&sured at their
s¢ttlement value.
Current asset Investments
Currenl asset invL'stmcnt5 urc rccogniscd initially at fair value, which is nomially the transaction price.
Subsequently they are measured at fair value, with changes recognised in the revaluation reserve through
gainsllosses on revaluation of investments in the Statement ofFinan¢ial ActivitiLs if the investments are publicly
traded or their fair value can otherwise be measured reliably, Other investmenis are measured at fair value at the
date of acquisition less impairnienl.
Judgements and key sources of e8tlmatlon uneertAlnty
The following judgments including those involving estimates have been made in the process of applying the above
accoiinting policies that have had the most significani effect on Ihe amounls recogniscd in tl)c financial statements
and that h￿vC a significant risk of causing a material adjustment to the c￿rying amount5 of ass¢ts and liabilities
within the next financial year:
(i) Depreciation method and asset useful lives
(li) Valuation of properties
(iii) Impairment of &8sets
The estirnates and assumptions are reviewed on an ongoing basis considering the Current and future market
Conditions,
Page 26

HARMONI 2019
NOTES TO THE FllYANCIAL STATEMENTS (continued)
FOR THE YEAR EfiDED 31 DECEMBER 2022
2. INCOME
31.12.2022
31.12.2021
Unrestricted Funds:
Donations and l*gAele$
Legacies and donations
Subscriptions- Boys Brigade
Gift Aid
3,566
11,466
805
Total voluntary income
3,566
12.271
Investment InLume
Lnvcstment property rents Teceivable
Bank deposit interest receivable
Current ass¢1 inv&stment income
74,477
73,287
65.516
42.008
Total Investment Income
139,993
115,295
ncome from Activities to further the Charit
'$ ob'ectives:
Utility
Street
Men's
Hostel
Stricklands
Bay
Other
Tot41
31.12.22
Total
31.12.21
Unrestrlcted Funds
Residential receipts
Payments from Health Trusts
Payments from NtHE re housing
Private Support Tncome
SP Covid-19 Funding
Other
Il5,651
46,019
1,518,762
253,262
161,670
1,518,762
822,847
138,163
1,348.147
727,492
569,585
17,246
4,675
707 157
7,770
25,016
7,925
2,536 220
71.720
18,942
2 304 464
3,250
3,250
1825 813
Restrlcted Funds
Payments from NIHE re Supporting People 450,949
Private Support In¢ome
Ulster Garden Villages Grant
Dormant Accounts Nt Fund
National Lottcry - Covid-19
SP Covid-19 Funding
National Lottery Community Fund
Other Restricted Grants
354,549
39,808
805,498
39,808
738,432
35,470
32,551
32,551
16,275
65,921
3,500
520.370
65,921
17,478
961,256
65,921
4.867
860,965
13,978
408,335
32,551
TOTAL INCOME
3,641,035
3,292,995
Page 27

HARMON12019
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2022
3. EXPENDITURE (incl. VAT where relevant)
Utility
Street
Men's
Hostel
Strlcldands
Bay
Other
Total
31.12.22
Total
31.12.21
Unrègtrirted Fuuds
Costs direetly allocated to activitfies..
Staff costs
Depreciation
Other
Loan inl¢rcst
Support Costs allocated by lime to actlvitles..
Administration (incl. slaffcasts)
303,377
882
315,579
1,230.661
67.580
157,089
19,143
.534,038
69,154
480.061
19.143
1,255,600
69,735
386.066
21.699
692
7.393
66,676
686,514
217.804
1,692,277
284,480
2,386,876
281,104
2,014,204
8,085
External audit and accountancy - Current year
Ext¢n)al audit and accountancy - prior y¢ar
Internal audit
Legal and professional
6,000
6,000
3.000
E3,800
22,800
2.409,676
3,000
14.328
23,328
2,037,532
Total Unrestrieted Expendltur¢ on ¢hArit4ble A¢tivi¢ieB
Investment MAnagement Costs..
Re investment propcrty
Re current asset investment5
31.299
13,991
45,290
33,062
15,743
48,805
Grant fundr#lglng eostg..
4,320
7.560
Restricted Funds
Costs dlrectly allocated to activities:
Men's
Hostsl
Stricklands
Bay
Other
Total
31.12.22
Tot41
31.12.21
Staff costs
Depreciation
Other
Loan interest
Support Cost5 8llDeated by tlme to ictivities:
Administration (iplcl. staff cosls)
340,394
8,064
123,610
313,866
29.403
77,109
1.290
33,146
687,406
37,467
203,639
1,290
633,341
35,414
97,542
1,491
2.920
66.675
538,743
93,346
515,014
160,021
1,089,823
148,063
915,851
36,066
TOTAL EXPENDITURE
3.549.109
3,009,748
Page 28

HARMON12019
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2022
4. STAFF COSTS
31.12.2022
31.12.2021
Wages and salaries
Social security costs
Other pen5ion8 Costs
2,332,857
164,843
55.745
2,553.445
2,005,125
145,238
52,525
2,202,888
The &veTage monthly number of employees during the year was as follows:
Administrative staff
Other slaff
31.12.2022
31.12.2021
79
87
78
86
Included above is £477,752 (2021: £290,248), whi¢h was paid during the year in respect of agency staff.
During 2022, there was one employee with emoluments at the rate between £90,001 and £1 00,000 (2021.. one between
£80.001 and £90,000).
Remuneration of the 2 (2021: 3} key rnanagement personnel in the period was £153,500 (2021.. £195,467).
5. INCOME & EXPEY4DITURE
Incorne and expendi￿re (including VA T, where relevant) are stated after charging (¢rediting).'
31.12.2022
31.12.2021,
D¢preciation- owned assets
Loss on di8posal or rixed ass¢ts
Operating l¢a5e Costs
Extemal Aud & Acc$ ¢unrnt year
Internal Audit
Bank loan interest payable
Income fiDm listed investments
Directors. remuneration
113,567
49
4,393
6.000
3.000
23.190
42,008
4,393
6,000
3,000
20,433
65,516
6. TAXATION
Analysis of the tAx charge
Bling registered with both HMRC and the Chariiy Commission for Northern Ireland as a charity. no liability to UK
corporation tax arose on ordinary activities for the year ended 31 December 2022. nor for th¢ year ended 31 Decernber
2021.
NOTES TO THE FINANCIAL STATEMENTS (continued)
Pa8e 29

HARMONI 2019
FOR THE YEAR ENDED 31 DECEMBER 2022
TANGIBLE FIXED ASSETS
Freehold
Property
Short
Leasehold
Long
Leasehold
COST
At January 2022
Additions
Disposals
2,883,318
9.080
1,822.250
At 31 December 2022
2 883,318
1822 250
DEPRECIATION
At l January 2022
Chargc for year
Eliminated on disposal
911,211
61,082
9,080
1,151,878
36,180
972.293
At 31 De¢ember 2022
9,080
1,188,058
IYET BOOK VALUE
At 31 December 2022
1911,025
634,192
At 31 Decetnber 2021
1972 107
670 372
TANGIBLE FIXED ASSETS (continued)
Flxtures &
Fittings
Motor Vthiclei
Computer
Equipment
Totals
COST
At January 2022
Additions
Disposals
235,255
2,340
9,775
20,082
5,121
4,979,760
7,461
237,595
9,775
At 31 December 2022
25,203
4,987,221
DEPRECIA TION
At l January 2022
Charge for yeur
Eliminated on disposal
193,322
9,788
6,691
771
11,427
5,746
2,283,609
113,567
203,110
7,462
At 31 December 2022
17,173
2,397,176
NET BOOK VALUE
At 31 D¢¢ember 2022
2 590 045
At 31 Decernber 2021
3.084
655
2696151
Page 30

HARMON12019
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2022
FIXED ASSET INVESTMENT PROPERTIES
Harnioni has two fixed asset property investments and a small ground reutal portfolio.
The tnvestment properties at Donegall Pass were revalued at fair op¢n nwket value as of 8 March 2023 by Frazer Kidd
& Partner5, Propety Con5uliants. The directors Gonsider this to b¢ a fair estimate of value as of 31 D¢Gemb¢r 2022.
The investment properties at Derryvolgie Mews were revalued at fair open market value as of 8 March 2023 by Frazer
Kidd & Partners. Property Consultants. The dir¢¢tors consider this to be a fair estimate of vaLue as of 31 December
2022.
The directors are of the view that no Significant Change to fair open market valu¢ has arisen with the ground Tents in
2021 (or 2020). The movement is summarised as follows: .
8 Apartments
(Derryvol8ie
M¢ws)
Other
InveslmLnt
Prop¢ty
Ground
Rents
2022
Totsl
2021
Tot*1
Value at Start of the year
1,470,000
175.000
4,504
1,649,504
,624,504
Increase in value during th¢ year
50,000
Value at the end of the year
1500 000
699 504
1649 504
As part of its title to Derryvolgie Mews Harmoni holds th¢ only issued voting 'B' share in an aportment management
company, Deryvolgie Mews Management Company Limited, incorporated in Northern Ireland to act as a pruperty
management company for Harnioni's investment property "Derryvolgie Mews"
4 non-voting 'A' shares in the company have been issued to the owners of the other 4 aparthents which were previously
sold by Harnloni.
FINANCIAL tYSTRUMENI
The fair valued carrying amounts of the Charity's financial instNments, being debtors, current asset investments,
creditors and bank loans, are given in notes 11, 12, 13, 14 and 15.
Th¢ only in¢ome from the charity's financial instruments is the bank deposit interest r¢ceAvable and Current asset
investment income, as disclosed under investment inconie in note 2,
The only expen8e assoGialed with the charity's financial instrument$ is the Stricklands Bay property bank loan interest,
as disclosed in note 3.
10. STOCK
31.12.2022
31.12.2021
Kit¢hen stock at Men's Hostel
959
Page 31

HARMON12019
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2022
I I. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.2022
31.12.2021
Trade Debtors
Prepayments and aGcru¢d income
205.894
19,222
225.116
158,460
18,298
176,758
12. CUIUiENT ASSET FINANCIAL tNVESTMENTS
31.12.2022
31.12.2021
At start of year
Additions
Disposals
sU￿lUSI(derIGIt) on disp05als- reAlised
Unreali$¢d (deficit)/surplus
At end of year fair market valuation
2,500,803
120,865
(146,575)
{31,994)
(208,131)
2,234,968
2,197,472
3,087,805
{2.973,805)
286,651
(97,320)
2,500,803
Current assets investments compTlSe'.
Listed investments
Oth¢i' investments
2,111,838
123,130
2,234,968
2,360,577
140,?26
2,500,803
Historical cost of current asset investments
2,234,968
2,500,803
The fair value of listed investments is determined by reference to their market value as at the balance sheet date as
provided by the Investment Managers Evelyn Partners.
The fair value of the other Inve$tsnents is rneasurcd at ft fair value on a¢quisition less impairnient.
The inv¢stment management fees in r¢spect of the finanGial investments for 2022 were £13,991 (2021.. £15,743).
13. CREDITORS: AMOUNTS FALLING DUE W￿H[N ONE YEAR
31.12.2022
31.12.2021
Bank loans {s¢e note 15}
Trade creditors
Social security and other taxes
Accrued expenses
103,917
72,579
31,849
145,349
353,694
101,131
65,368
30,913
143.057
340,469
Page 32

HARMONI 2019
NOTES TO THE FINANCIAL STA TEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2022
14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank Loans (see notc 15)
31.12.2022
31.12.2021
559 857
663 775
The bank loans are secured by a legal rnortgage over Harmoni's investhient property known a5 "Derryvolgie Mews"
15. LOANS
An analysis of the maturity of loans is given below..
Amounts falling due within one year or on demand..
Bank loans
31.12.2022
31.12.2021
103 917
101 131
Amounts falling due between one and two years..
Bank loans: 1.2 years
103 917
101 131
Amounts falling due between two and five years..
Bunk loans.. 2-5 years
106 715
103 917
338 504
Aniounts falling due in more than five years..
Bank loans repayable in more than 5 years by instalments
329 254
114638
230 604
Interest Is payable on the original bank loan at 2,150A for 10 years. Interest is payable on a second bank loan At 40A for
10 years.
16. SECURED DEBTS
The following secured debts are included within creditors:
Bank Loans
31.12.2022
31.12.2021
663 774
764 906
663 774
764 906
The bank borrowings are s¢cured by a legal mortgage over Harmoni's investment propety known as "Derryvolgie
Mews" and the development at Getgood House.
Page 33

HARMONI 2019
NOTES TO THE FLYANCIAL STA TEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBF,R 2022
17. PENSION COMMITMENTS
The company used to operate a defjned benefit pension scheme which has now been wound up. The pension
obligations under the old scheme are met by purchased annuities. In addition, unfunded payments are made to certain
forn)er ernployees.
The company now operates a defined contribution scheme for certain current employees. The total pension costs for
the year were £55,745 (2021.. £52.525). comprising pension scheme costs of £54,404 (2021.. £51.398) and unfunded
pension payments of £1.341 (2021., £1,127).
18. TRANSACTIONS wmi DIRECTORS
No director emoluments were paid during the year (2021 _ £Nil)
There Were no transactions during th¢ year in which any direGtor or related party had an interest requiring disclosure.
19. LEGAL STATUS OF HARMONI
HARMONI 2019 is a company limited by 8uarantee, not havin8 a share capital.
Harn)oni htts tax-exempl status with HMRC as a charity and has also been registered As a charity by the Charity
Cvmniission for Northern Ireland.
Pa8e 34

HèlRMON12019
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2022
20. ANALYSIS OF NET ASSETS BETWEEN FUNDS
TAngible
Fixed
Assets
Fixed
Asset
lttvtstm¢nts
Net
Curreot
A&$ets
Lo￿¥
Ter
Li*bilities
Totsl
2022
Unrestricted Funds:
General
Total
2020
2.553 648
1699 504
Restricted Fuuds..
NIHE Supporting People -
Men's Hostel &
Stri¢klands Care Village
2 882,372
S59 857
6.575 667
6.646 995
Siricklands Bay- Bangoi.
Benevolent Society
Men's Hostel_ NIHE
Refvrb. Grant 2015
34,709
34,709
34,709
4.437
4,437
8,161
7,728
National Lottery
Community Fund
23.181
30,909
34,862
53
Men's Hostel- Awards
for All Grant
51,067
51,120
65,961
830
Men's Hostel- NIHE
Refurb, Grant 2018
456
1.286
1,345
3.518
(1,576)
1,942
Ulster Garden Villages
3.183
18,685
Strlcklands Bay - Awards
for All Grant
18,685
19,090
Dorniant Accounts Fund
Nl
5,595
5,595
5,719
7,288
7,288
R,U.T.H
10,803
1,911
Belfast City Council-
Equipment
1.911
2.499
3,672
(341)
3,331
At Ihe end of year
1,752
2 $90 045
1699,504
3 007 188
559 857
6 736 880
6 835 079
Page 35

HARMON12019
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2022
21. MOVEMENTS tN RESTRICTED FUIWS
At 31"
December
2021
Net
Movements
ID Funds
Tran$f¢r
from
Unrestritt*d
At31st
December
2022
NIHE Supporting People-
Men's Hosl¢l & Stri¢klands
ca￿ Village
34,709
{102,242)
Stricklands Bay- Bangor
B¢nevolent Society
Men's Hostel- NIHB
Refurb, Grant 2015
102,242
34,709
8,161
(3.724)
4,437
34,862
(3,953)
Donnant Accounts Nl Fund
30.909
10,803
(3,515)
Men'8 Hostel- Award$ ftir
All Gi'unt
7.288
1,345
(124)
Men's Hostel- NIHE
Refurb Grant 2018
1,221
3,183
(630)
National Lottery Community
Fund
2,553
65,961
(14,841)
Ulster G8]'den Villages
19,090
51,120
(405)
Strickland5 Bay- Awards for
All Grant
18.685
5,719
2.499
1,752
188.084
R.U,T,H
B.C.C_ Equiprn¢nt
At the end of year
(125)
(588)
1,580
(128,567)
5.594
3,332
102.242
161.759
22. MOVEMENTS IN UNRESTRICTED FUNDS
Getser41
Fund
Revaluatio
Res¢rYe$
Total
Unres¢ricted
Funds 2022
Total
Unrestricted
Funds 2021
At lit January 2022
4,685,633
1,961.362
Net income on Operational
Activities
6.646,995
6,202,335
220,493
Transfer to restricted funds
220.493
(102,242)
338,133
Investment revaluation
(LossesYGains
(102.242)
(107,804)
At 31* December 2022
(190.125)
1,771,237
4.803.884
(190,125)
6,575,121
214,331
6.646,99S
Pa8e 36

HARMONI 2019
NOTES TO THE FINANCIAL STATEIVIENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2022
23. ANALYSIS OF REVALUATION RESERVES
Fixed
Asset
IDvestmen¢s
Current
Ass¢t
Invutments
Tot41
Investments
TotAI
At 1° Janu&ry 2022
Net gain/(loss)
At 31" December 2022
1,126.218
50.000
1,176,218
835,144
(240,125)
595.019
1,961.362
(190.125)
1,771,237
,961,362
(190,125)
1,771.237
2￿ OPERATtNG LEASE COMMITMENTS
2022
2021
Total future minimum lease payments under non-cancellable
operdting le&8es fr¥r office equipment are as follows..
Not later than one year
Later than one year and not later than fivc year5
Greater than five years
4,697
3,416
305
8,418
4,697
7,808
610
13,115
25.
RECONCILIATION OF MOTrTMENT IN FUNDS TO NET CASHFLOW FROM OPERATllYG
ACTlVI"fiES
2022
2021
Net movemeDt in funds - Net income from operational
acttvities, as per Statement of Finaiicial Activities
Add back:
91,926
283,247
Depreciation charge
Lossl(Profit) on sale of tangible fixLd assets
Bank property finance loan interest payable
113,567
111,617
49
23,190
Deduct:
20,433
Investment income shown in investing activities
Legaci¢s alld subscriptions shown in financing
Cash receipts from rentaLs from investment propertics
Bank dep051t interest
(65,516)
(3,566)
(74,495)
(42,008)
(17,516)
{73,286)
(In¢rease)/D¢crease in stock
(462)
369
(Increase)IDecrease in debtors
(48,358)
31,333
Increase in creditors. excluding bank borrowings
Net Cash generated In operating aetivlties,
as per Staiement of Cashflows
336 580
Page 37