HARMON12019
REPORT OF THE DIRECTORS AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
REGJSTERED NUMBER: R0000316 (Northern Ireland)
CHARITY COMMISSION for NORTHERN IRELAND REGISTRATION NUMBER: 101731

HARMON12019
CONTENTS OF THE FINANCIAL STATEIVIENTS FOR THE YEAR ENDED 31 DECEMBER 2023
CONTEwrs
PAGE
Company Inforniation ............................................................................................................................................
Report of tbe Director8
3-17
Report of th¢ Independent Audilor............................................................................................................. 18_ 20
Statement of Financial Aetivides
21
Balance Sheet ............................................................................................................................................,.......... 22
Statement of Cashflows .......,........,,....................................................................,..........................................,,....
23
Notes to the FIDaneial Statements
.24-37
Page I

HARMONI 2019
COMPANY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2023
DIRECTORS..
Mr Paul Archer (Appointed Chairman from 28 March 2023)
Mr D Mcllhagger Bsc, FIAE (Deputy Chair)
Mr Brian Lavcry
Mr P Regan
Mr Paul Collins
Mrs Hannah Irwin
Mrs Elaine Colgan (resigned 28, November 2023)
Ms Amira Graham (resTgned 27 ' November 2023)
Dr Joanne Drew {appointed 12, February 2024)
Mr liobert Lyle (appointed 12111 February 2024)
Mrs Elizabeth Mary Kerr (appointed I" March 2024)
SECRETARY:
Mr S A Humphries
REGISTERED OFFICE:
39 Downshire Road
Bangor
Co Down
BT20 3RD
REGISTRAR OF COMPANIES NUMBER:
R0000316 (Northern Ireland)
CHARITY COMMISSION NORTHERN IRELAND NUMBER:
101731
AUDITORS:
Baker Tilly Mooney Moore
17 Clarendon Road
Clarendon Dock
Belfast
BTI 3BG
BANKERS:
Northern Bank Limited
t/a Danske Bank
Donegall Sq We81
Belfa8t
BTI 6JS
INVESTMENT ADVISORS:
Evelyn Partners
The Ewart
3 Bedford St
Belf8St
BT2 7EP
SOLICITORS..
Cleaver Fulton & Rankin
50 Bedford Street
BelfasÉ
BT2 7FW
Page 2

HARMONI 2019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2023
FORWARD
l am pleased to present on behalf of the Trustees of Harmonl 2019 the annual report and accounts for the year 1st
January 2023 to 3 I, December 2023. This marks my first full year in office as Chair foi. th¢ organisation.
l am indebted to my colleagues on the Board for their interest and commitinent to guide the woi'lc of Hai'monl. I am
equally ind¢bted to the CEO and the executive team for IE]eir efforts in what wntinues to be very changeable
circumst&ncc5, not least of all financially, We like most charitable organisations are at the merGy of single year budget
allocations from our key statutory commissioners, this can make long term decision making and planning difficult,
Notwithstanding we have a long and we believe mutually positive relationship with both the South Eastern Health and
Social Care TrLtst (SEHSCT) and the Noithern Ireland Housing Executive (NIHE) and we aGknowl¢dgc their
continuing engagement and contracting of s¢rvi¢es with us.
When we commenced the financial y¢ar the budget expectations were extremely ehallenging. l am however delighted
lo note the in-year uplifts which were more realistic than we could budget for. We undcrstand that botli the Department
of Health through th¢ SLIISCT and the Department for Communities through the NIHE r¢Gognise that our sectors have
for many yeRrg experienced significartl compression with costs rising faster than incomes. We want to acknowledge that
r¢cogt)ition and while we again note the budget issues The Stormont Assembly has to juggle, we do hope the
momentutn in this area be maintained.
That in no way detra¢is from the efforts of tlie executive team in Hamionl who navigate those finanoially Challenging
waters routinely. The one k¢y element throughout the 145 years of this charity's existence has been noted as one of
tenacity in ihe face of uncertainty and we can ceittainly see that from ih¢ Board to the front-line staff.
Those front-line colleagues deliver gerviceB lo our client groups in equally bul very different challenges daily. So, on
behalf of the Board. I want to thank our front-line colleagues who alongsidty thcir colleagues in the support elernenls
surh as administration, HIL and finance form part of what has become a very well-oiled and effectiv¢ delivery system.
A system which has at its heart the beneficiai'ies and their needs.
Our CEO regularly reminds us all that the only reason Harn)onl exists is that we have clients who need us, clients who
live with multiple disabilities or societal disadvantages, clients who place their trust in us. To Ihosc clients whether they
come from Stricklands Care Village, or the Men's Hostel at Utility Street I say thank you once again foi. trusting us to
support and care for your needs.
As l close this element of th¢ repoit, I would pick out one particularly encouraging indicator which was initiated during
2023. The Boai'd agi-eed to rekindl¢ our developlnent processes and stsrt prospecting for a next stage of service
delivery. Undoubtedly it will take some tiine fi'om inccption lo delivery but every journey begins with the fjrst slep, all
of which is a response to our core mantr4"To do more for More!)I
PaulArcher- Chnlrman
Page 3

HARMONI 2019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The legal entity name was changed on 8di January 2019 fi'om NIID to HAiiMON12019 Ti'ading as Hartnonl.
HARMON12019 has its origins in late 19th century Belfast. It was incorporated on 19 July 1906 as a charitable
Conlpany liinited by guarantee and not having a shw'e capital. The objects and powers of HARMON12019 are set
out in the Memoranduin of AssoeiatiotL and the Company 15 governed undei. tts Articles of Association, as
updated in 2014 and registered on 28111 March 2014. In the event of the Company being wound up Members are
requii'ed to conti'ibute an amount not exceeding £1.00.
HARMON12019 is on the Noi'thern Ireland Charity Register, registration numbei 101731. Since registration, the
Director Ti'ustees have embarked and maintained pei'iodic specific training along with the Manageinent teain to
understand fully the implications, respon5ibilitics and ¢xp¢ctations of HAIiMON12019, the Trustees and the
Management who operate under delegated authority.
In September 2023 we inttiated a review of our ourrent articles steered by a working group from the Boai'd and
supported by our legal advisors at Cleaver Fulton and Rankin we aim to complete this exercise in e￿.lY 2024. The
scope of that work is limited to an updating and refreshing exercise.
Dlre¢tors.'
Recruitment and appolntment.of directors
Under the requil'ements of the Articles of Association a5 revised in March 2014, the dii'ectors are ti'ustees of the
Charity and are known as MeiTtbei's of Coun¢il. From that revision date, Director Ti'ustees serve for 4 years dated
from the fiJ'5t AGM at which they are voted in, they are eligible to serve up to three te1Th5 of four years at which
point they must retire. The date cycle is from their first AGM to theii. fouith AGM.
Name of Dlrector Trustee
Appointment Date
Èxpe¢ted term end ACM date
ISI term chair June 2026
Archer, Paul (Chair)
28th March 2023
M¢Ilhagger, David
30ttL June 2010 (NED)
Chair May 2014 - Dec 2020
Appointed Deputy Chair 181 Jan 2020
(Deputy Chair)
June 2026
Reagan, Peter
29EII October 2014
June 2027
Laveiy, Brian
181h May 2020
Jun¢ 2024
Itr
Irwin, Hannah
15 June 2020
June 2024
Collins, Paul
15th June 2020
June 2024
Colgan, Elaine
281h July 2021
5th November 2021
Resigned 28 November 2023
Graham, Amii'a
Resigned 271h November 2023
Drew, Joanne
12th February 2024
12th February 2024
IEt March 2024
June 2028
Lyle, Robert
June 2028
Kerr, Elizabeth Mary
June 2028
Page 4

HARMONI 2019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2023
STRUCTURE, GOVERNANCE AND IVJANAGEMENT
con¢inued
Direclor Trnslees durlng reporfingpériod
No Meinber of the Boai'd of Director Trustees had a beneficial intei'est in any contract with HARMON12019
during th¢ year.
SUCC￿S1on Planning..
HarmonJ continues to manage the need for sucoession in the following manner".
l.. Trustee appointments are phased in so far as possible so as not to risk a significant numbei. of multiple Trustees
ending their tenure simultaneously.
2: Froin 1st January 2020 the board of trustees have created a deputy chair role to ensure that in the event of the
chair being unavailable thei'e remains a line of consÉstency in the chartty goveiYMnoe.
3: The Chaii. of the Finance and General Pui'poseg Committee is generally not the chair of the full board to ensui'e
a degree of separation and independence.
Trustee Inéluctlom and Iralnlng
Trustees are aware of the practical work of HARMONI 2019 at the hostel in Belfast and Strickland's Cal'e Village
in Bangor, New trustees are expected to attend an infoiynation session to familiai'ise themselv¢s with how
HARMONI 2019 operates. Thes¢ are jointly led by the Chair of the Board and the Chief Executive of HARMONI
2019 and cover the following:
The obligations of the Trustee Directors
The Aiticles of Association
The financial position as set out in the latest published account5
Future plans and objectives
New trustees i'eceive copies of the Articles of Association, the latest financial statements, the currcnt strategic
plan and a copy of Ihe Code of Good Governance produced by NICVA. Thcy then ineet the CEO and undertake a
half day induction process to provide information on the charity function.
To ensure that trustees have up to date knowledge regarding charity management 15sue8 and the impact of changes
in the public sector it is expected that trustees will have the opportunity to attend suitable training and infomiation
events. The CEO disseminates all i'egulatory guidance to ti'ustees as it is received by the charity.
Risk mvdnagernent
The Board of Di￿CtOr Trustees continues to review the majoi. risks to which HARMONI 2019 is exposed. The
risk manageinent strategy for HARMON12019 is one which seeks 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 i-isk framewoi'k seeks to firstly identify the organisational risk appetite, over a range from low,
medium or high appetite.
The Board of Trustees receive regular updates to the risk register. This process allows the board to see pei'tinent
coi'porate risks, these i'isks are categorised with probability and impact scores &s High, Medium or Low risk. This
measurement is designed to identify risks that require iinmediat¢ attention and mitigation, and those that need
atterttio￿ but are less immediate.
Page 5

HARMON12019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)
Each risk is then identified with a risk owner and a mitigation plan narrative provided. Each updats of the register
identifies new risks and changes in the Previous risks due to the effects of the planned mitigation oi. other external
ircumstances.
The core risks for 2023 were identified as..
Budget Delivery.. At the outset of the year anned with limited knowledge on any possible uplift potential
frorn our core statutory partner5 foi. the services delivered, tbe budget presented as a woi'st-case scenario
was a significant deficit. As ever the CEO and executive team produced a mitigation plan to Identify key
activlty and tasks to miniini$e this risk. We are glad to report that duc to an improvement in employed
staff irsouires compared to thc agency potential budgeted coupled with significantly better than expected
uplifts from The Trust and NIHE we returnLd a positive surplus result for the undei'lying business of the
clwity.
Fundlng Compi'ession: On the income side as a iEsult of no uplift for many Yea￿ from Supporting People
oupled with historic low inci'ements from the Trust for sei'vices delivered the income inci'ements
required to meet the spiialling costs had no degree of certainty. On the cost side between the greater than
inflatfion rises for National Living Wage which impacts 900/0 of our workforce and continued increase in
overall costs such as energy the year continued to be one in which the compression reality continued.
Staff resources: As we Started the 2023 year we had notcd a small increinent in employment foi. staff
parti¢ulai'ly in oui. Stricklands cal'e Village. That eontinued foi. the first quarter of 2023 which ¢ased the
need for agency. However, that plateaued into quarter 2 and 3 of the year leaving us with a need to still
call on agency. One initigation we have initiated in the year is to ensure we have a negotiated position
with the fundei's particularly where a new client is involved as we now are asking for the Trust to fund
staffing levels at agency plus a central ¢onti'ibution rate until we secure our own staff. We have also again
attempted to re-engagc with the Trust in respect to i'ebalancing some of our clients care hour baselines
whose conti'arted hours r¢quir¢d have outstripped the care hours contracted.
Procedures al'e IL] place to ensuj'e compliance with health and safety of staff, suppliei's, volunteers, clients and
visitors to the Hostel and Stri¢kland'5 Care Villase.
Page 6

HARMONI 2019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2023
STRUCTURE, GOVEREYANCE & MANAGEMENT (continued)
Orgftnislltional struclure
The Board 5¢hedules foul. meetings a year and is responsible for the strategic direction and policy of HARMONI
2019. The Ti'ustees coine fi'om a v￿.lety of professional backgrounds relevant to the work of HARMONI 2019.
The Finance and GerLei'al Puiposes Coininittee meets a week prior to the Board and i'ecorded foul. meetings in
2023. This continues to include the Annual Report and Accounts presentation to the coinmittee by the Auditois.
The developinent committee, which is a project-bas¢d committee, did not meet in 2023 due to there being no
relevant business before the coinmittee.
Responsibility for operations management is delegated to th¢ Chief Executive.
Governance:
The Boai'd will forinally meet a minimum of 3 times in the year to take ¢aiE of the ordinary business of the charity
and its governance i'equirements. The boai'd also i'eceives a detailed sub repoit on Health and Saf¢ty,
Safeguarding and Deprivation of Libety issues if any have arisen.
They will meet at othei. times for special topics meetings as and when reqLllI'ed. The Sub Committee of the
Finance and Genei'al Purposes Committee will normally meet one week in advance of each fonnal board. The
Development Comjnittee will meet as required to meet the needs of the project tiineline.
Corporate Oversight:
The Senior Management Team Ineets regularly to ensiii'e the management i)f the main corpoi'ate needs are being
met, A key clement of this discussion will be the budgeis, actuals, and variances we al'e experiencing and what
controls or change5 we need to effect in order to keep the organi5ation on track. We will also i'eview pi'ogress in
respect to recruitment and ietention Foi. our services,
Corporate Management:
The Unit Managers will ineet with members of the Senior Team as i'equired to review the performance of the
overdll business with specific input froin the unit heads. These discussions include the regulatory and compliance
elements from the ￿nderS and commissioners of the services and also key safeguarding issues.
Operation$ Management:
A member of the Senioi Team meets their direct line management team as needed to review and discus$
operational isgues and take any operational decisions arising.
Page 7

HARMON12019
RF,PORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2023
STRUCTURE, GOVERNANCE & MANAGEMENT (contlnued)
The operational organisation structure..
.B04
ManaE¢r
Keysio Ul*
Sqnl¢rSvppM
Page 8

HARMONI 2019
REPORT OFTHE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2023
STRUCTURE, GOVERNANC'E & MANAGEMENT (continued)
Related parties
HARMONI 2019 did not have any dealings during 2021 with any companie5 01. othei. organisations in which any
of the directors have an interest.
OBJECTtVES AND ACTIVITIES
The pi'incipal objects, as updated, of HARMONI 2019 are to: _
To relieve poverty, illness, sickness and suffering of people who al'e in need by i'eason of sickness, disability,
poverty or social and econoinic circumstance ('the benefIciaries).
To advance the intei'ests of benefi¢iai'ies by all means including, bul not limited to, theii. Closer integratiort
into wider society.
In the inteiTsts of social welfare to provide or assist in the provision of suppoited housing facilities or other
services, such as nui'sing care or domiciliary care, which improve the conditions of life of the benefLciaries and
provide or assist in the provision of respite care or other support foi, carers of the beneficiaries.
To advance the education of the beneficiarieg and educate and raise awaitness among the public of i8sues
peitaining to social welfaiE and people with disabilities.
To relieve sickness and poverty of elderly disabled sick or injured p¢rsons and theii. carers by offering
assistance to enable those in need to secure respite care.
Such other exclusively charitable pui'poses according to the18w of Northern li'eland for the beneficiaries as the
Trustees inay from time to time decide.
Strickland's CaiE Village located in Bangor provides accoinmodation in thirty-three separate units for those
individuals living with a disability and needing support and care at various levels depending on assessed need.
The Belfast h05tel provides einergency accommodation for fjfty-nine men experiencing homelessness with one
room specifically renovated for men with disabilities. The men are supported and encoui'aged to irnprove theii.
situation by taking the necessary steps to move on to training opportunities and employment, and to Pern￿nent
accommodation. There is close ¢oopci'ation with the statutory authorities and the Noithern Ireland Housing
Executive.
Page 9

HARMONI 2019
REPORT OF THE DtRECTORS FOR THE YEAR ENDED 31 DECEMBER 2023
STRATEGIC REPORT: ACHIEVEMENT & PERFORMANCE
STRATEGIC REPORT
Aehievements and Performanee
OrganIs￿lI0￿￿l..
A significant achievement organisationally for 2023 was the ability to reverse the potential deficit to a surplus.
Thi5 was derived fi,om some 15 initigation actions by the Executive coupled with better-than-expe¢ted tnciEases
froin the Ti'ust. There was also a tully unexpected inclement in Supporting People funding, the first in 16 years.
The second and for a inission driven organisation such as Haiinoni 2019 equally as important was the Social
Return on Investment outcoine. Once again, we weir pri?vided access to the Social Value Engine Exei'cise
operated by Work West thi'ough grant support of North Down and Ai'ds Soeial Entei'pi'ise Suppoit Fund. We
gi'ateful to the council for this support.
That exercise showed tILat as an oi'ganisation for evel'y £1 invested we retui'ned £3.15 in social and economic
value, We have always believed &s a charitable organisation we added valiie to people living with a disability or
societal disadvantage, this measui'e helps to provide a metric to confii'm that.
Slricklancls Care Vllldge..
2023 was a year in which we expei'ienced the loss of a number of our long-tei'm clients. One Glient required
nursing care which is uutside oui. servlce delivery capability. Then in the last quarter of the yeai. we lost two of
our oldest residents who passed away in November and December. It was tEuough these Challeiiging day5 for staff
that the quality of the values based i'ecruitment and retention sti'ategies showed theii. worth, coupled with the
professional trainlng our statyreceive amiually we were able to see a stOlCAsm in our front line staff as they dealt
wtth the loss but set aside their pei'sonal feelings to continue to deliver to the remaining cllents.
We have been able to i'efocus oui. attempts to pi'ovide greatei, one to one time with our clients as we attempted to
b¢ more focussed on their wants and aspirations this yeai. without the haiigover of Covid limitations, This showed
in the contentment expressed by our clients. We were also pleasantly surprised when the SoLial Value Engine
I'eturn showed us that our staff had delivered over 33,000 support sessions across the yeai..
Our maintenance progranune continLies to ensure the clients homes are maintained to the high standards we aspire
to for them.
Stricklands Care Village again i'eceived a positive RQIA report in 2023 following an unannounced inspection
with just one procedural improvement suggestion.
Page 10

HARMONI 2019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2023
STRATEGIC REPORT: ACHIEVEMENT & PERFORMANCE (continued)
Ulillty Street Hoslel..
This year some 206 Inen were supported to exit homelessness through the work of the Hostsl. It should be mol'e
but due to tlie wider systein silting up as people experiencing homelessness having reduced move on options due
to highej. rents p￿'ticularlY in the privats rented seotoi., our clients were 5tsying longer.
In spite of this, 65 m¢n were suppoited through a coinbination of the day-to-day suppoit activity of our front-line
support staff and the direct support activity of Keys to Life,
Our Keys to life pr()gramine which was funded for three Y￿.8 by the National Lottery Cominunity Fund drew to
close. We want to ackniowledge and thank the National Lottery for iheir enabliiig funding.
The outcomes for tlie pi'ogramine are impressive especially when one considers the transient nature of our
client group and the impact of Covid on what was a socialisation-based pi'ogramme..
Over 80 men took part (target was 96) with 600/1 achieving an award certificate oi. an accreditation.
30 men took part in activities outside the hostel.
45 men attended skills courses some achieving multiple certificates.
21 men completed employment preparatioii training.
20 men undeitook a Wellncss prugramme witli 9 staying the course to the end.
12 men achieved a food hygiene programme and award,
30 Ineii uiidertook TEFL courses. As their primary language was iiot Engjish this Teaching English
aiid Foreign Language course was very popiilar.
9 men achieved awards in OCN level 2 for Healthy living.
6 men built the sensory garden in Bangor.
12 men took pait in the Toolbox prograinme to learn new skills for inaintenance and repair of
houseliold-based items.
Publi¢ Benefit
The dire¢toi's confm that they have had due regard for the guidance produced on Public Benefit by the Charity
Commission foi. Northern Ireland, and are pleaged to report that during 2023 they have continued to meet the
Public Benefit i'equitement as follows:
The core activity foi. HARMON12019 is the relief of povety, illness, 8ickne8s and suffering to those living with
sickness, disability, poverty or social ci5tumstances. All our enEagement activities hav¢ been with individuals
from one or a range of these groups. The organisation h&8 sought to revive these impacts firstly by providing
suitable and appropriate accoinmodation, be that in Supported Independent living oi. Hostel provision. The
oi'ganisation sees that provision as the start of our service intervention.
From that point forward, we seek to create a person-centred provision that is cognisant of the individual's need.
Many of oui. residents and service users have those needs identified through pi'ofessional assessment, either from
the health care trusts or other so¢ial servires. For others it is the skfill and experienc¢ of the support staff which
ssists the individual to aiticulate those needs.
Page 11

HARMONI 2019
REPORT OF THE DtRECTORS FOR THE YEAR ENDED 31 DECEMBER 2023
STRA TEGIC REPORT . ACHIEVEMENT & PERFORMANCE (Continued)
Our core model reinains accommodation-based care and support, subject to the service engageinent. We continue
to believe that the most impoitant element for all our clients i'einains ¢nsiiring a safe and s¢¢ur¢ place to live. This
delivers consistency in what has for som¢ of our clients been a chaotic life to date.
Th05¢ for whoin the need is centred on personal ¢are are pi'ovided a bespoke care and support daily living plan
which Centt'es around their personal needs. This is aahieved in conjunction with the South E￿t Health Trust cal'e
management teams to ensui'e the assessed needs ￿'e rnet. Next of kin and family pi'ovide valuable input to those
requirements in the cal'e plan developinent stage. Fuither suppoits at'e designed which enable the client to live as
independcntly as they wish or are capable of. All these plans are siibj¢ct to regular review and updating as
circumstances change.
Those for whoin support is the col'e focus of our engagement will receive a personal 5UPPOrt plan which aims to
assist them in achieving their shoit-term goals which al'e aimed at delivering a longer term goal, in the case of oui.
clÈents in Utility street this is independent living in a place of their choosing.
For many of our service users the reality is that their experience with HARMON12019 is about small steps and
personal capacity i capability building, Many of our i'esidents and families have seen a Inarked improvement in
the individuals, engagement and socialisation skills and their ability to communicate theii. wants and needs
pei'sonally.
HARMONI 2019 works Closely with multiple Statutory bodie5 to ensure we plan for and deliver suitable and
successful outcomes for each and evely one of OLir service usei'5. This joined up approach ensui'es that the overall
publi¢ benefit is delivered where sei'vice usei's have longevity and consistency and therefore *nd not to move
between other agencies or sei'vice provisions.
Page 12

HARMONI 2019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2023
FINANCIAL REVIEW
HARMON12019 is a unique ol'ganisatio￿ not least because of the diverse natui'e of the service usei's but also
because of the blended funding sources for our service delivery. Hartnoni is very grate￿1 to the Northein li'eland
Housing Executive and the SoLlth-Eastei'n Health and Social Cal'e TrusL being the principal funders of these
activities.
The directors note that there is a total Net Income for 2023 of £199,159, compared to Net Expenditt￿e of £98,199
in 2022.
The directors also note that the charity remains in positive position in terms of generation of a surplus from
opei'ating activities. 2023 saw Nel Income froin Opei'ational Activities of £77,357, with a figui'e of £91,926
reflected in 2022.
The Lnain points of note are-
Incoming Re8ource5 have increased by £72,343 (1.990/.)
Increase in investinent incoine of £7,318 (In¢rea5e of 5.22 %).
Increase in income fi'om ch￿'Itable activities of £64,500 (Increase of1.840/0). Much of this increase
relates to inflationary uplifts Harmoni i'e¢eived in i'espect of soine funding streains.
Expenditure has inci'eased by £86,912 (2.45D/o)
Incre&8e in expenditur¢ on charitable activities of £79,973 (2.290/0), Costs Continued to increase across
all departinenls and expense types, with (uriher increases in utility costs, insurance and food. Increased
reci'uitmeiit did howevei. Inean that we were ablc to reduce agency cosls even in the face of rising
national living wage levels.
In 2023 the organi9ation Saw a gain on the i'evaluation of investment assets of £121,802. This i'elates to the value
of CUlTent asset investments (gain on revaluation of £66,802) and the revaluation on fixed asset investments meant
an uplift in the value of the propei'ties held of £55,000,
The net effect of these movements is that the charity i'eturned a Net Income figure of £l99,159 in 2023.
This gives reserves carried forward on the balance sheet at the end of the year comprising Restricted Funds
¢￿Tled forward of £65,414 (2022; £161,759) and Unrestricted Funds of £6,870,625 (2021.. £6,575,121). The
Unrestricted funds carried forward comprise Investment Revaluation Resei'ves of £1,893,039 and Genei?l Funds
of £4,977,586,
The balance sheet of the charity remains sti'ong, with current assets, including current asset investments,
comtortably exceeding current liabilities by £3,149,686.
Page 13

HARMOM 2019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2023
FINANCIAL REVIEW (continued)
During the year, our income came from the following sources:
Income for the year ended 31 December 2023
Donations &
Legacles
- Investment5
Charitable
ActSvlties
96%
Donations & Le8acies
o Investments
Charitable Activities
This income then allowed us to achieve our aims and objectives for the organisation through making the
following expenditure:
Expenditure for the year ended 31 December
2023
Investment Mgt
Costs
1%
Grant Fundralslng
charitable
Activltles
99%
,") Investment Mgt Costs
Grant Fundraising
Charitable Activitie5
Page 14

HARMONI 2019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2023
Reserves Policy
HARMON12019 aims to maintain a level of resources that Inatch the needs of the oi'ganisation, both now, and in
the foreseeable future.
The two main objectives are that-
a. the available reseives ensui'e that the activities of the organisation could Continue in the face of any
unexpected reduction in, oi. loss of, a particular income stream, while allowing the oi'ganisation time to seek
altei'native fiinds or restructurelcut costs,
b. the available reserves allow the oi'ganisation to progress with the organisational developinent plan laid out in
the strategic plan 2022-2025.
The Directors assess the risk5 that HARMON12019 could be exposed to, and the appi'opi'iate level of reserves
that should be maintained.
The current assessment of the target l'ange of free resei'ves - fvnds that are freely available to be used for general
charitable pui'poses - 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 can'ying out their assessment of reserves the Dii'ectors exclude the fixed asset fund of £2.5m because this
repi'esents functional, operational tLssets within the organisation that could not be realiscd quicklyi restricted
rebei'ves of £0.065in wliich have restrictions plaLed ovei. the use of funds by the individual funders, and the
investment pi'operty value of £1.55m which is used as mortgage security for the original long-lerm loan. After
excluding the fixed asset fund this leaves free reserves of £2,84m.
In the strategic plan 2022-2025 the Directors have identified sevei'al key projects to investigate, They hav¢ also
identified the need to build and maintain appropriate I'eserves lo Carry out tliese plans.
This is to ensure that the organisatioii can grow and develop while maintaining the range of serviceslactivities,
and in tiine the reserves should I'eturn to a level equivalent to the equivalent of 6 months running costs.
Investment Polley
The Directors have agreed an investment policy within the powers pi'ovided to them under the Articles of
Association of the organisation. The organisation has a long-establi5hed balanced approach tOw￿'dS inve5ttnent
risk, with the need to both pi'otect and gl'ow the charities &ssets for all sei'vice usei's, Therefoi'e, the Direotoi's
define the organisation's expected investment pi'oftle to be balanced, with a desire to giDw, but also pi'otect the
capitsl invested, whilst pi'oviding a use￿1 soui'ce of incoine fj'om dividends.
The Directors wish the portfolio to itpresent a balanced spread of inv¢stments in equities and fixed inkrest
securities and bonds.
The investment portfolio was managed during the year under review by Evelyn and Partners alongside Abrdn
(formerly Aberdeen Standard Capital) (on behalf of the Noithern Ireland Centi'al Investment Fund for Charities).
All are pi'ofe5sional inv¢5tment In￿ageMellt Companies in good standing and regulated by the Financial Conduct
Authority,
As a charity with a stt'ong Evangelical Christian heritage, the ethos of which casts a guiding shadow aci'oss the
organisation's moral position, the Directoi's have advised the investinent managers that the organisation do not
wish to invest in the following:
Alcohol or tobacco trades
Arms and munitions trades
The perfoiinance of the investment poitfolio is monitored regularly by the Director5. In the yeai. under i'eview the
investments continued to perform well and in line with objectives, providing a good level of dividend income.
Page 15

HARMONI 2019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)
PLANS FOR FUTURE DEVELOPMENT
Oui. 2022 strategic plan was purposely entitled Research, Knowledge, Action. The Ti'ustees understood that future
development decisions of either services oi. facilities needed to be urtderpinned by solid actionable i'esearch.
The Doi'mant Account fund has enabled Hai'moni to have the facility of an in-house i'esearch associate and
because of theii. inputs tn June 2023 the Ti'iistees were able to appi'ove oui. fii'st prospecting exercise since 2019,
Following a joint research exercise between Queens unive￿Ity Business School and our In-House iysearcli
associate a position papei. was tabled showing that thei'e was a genutne need fot, day sei'vices or day opportuniti¢s
in our catchment area.
Armed with that inai'ket knowledge we agrced to take the next steps and produce an archit¢¢tural specification
and then comtni5sion a feasibility study on the possible physical build requii'ed to ineet the client n¢¢d5, This
study will be presented in early 2024.
We have other aspirations too in respect to our Homelessness intei'vention services. We have long held aspirations
of development at our Donegal Pass site and in early 2023 we were able to meet the proposed ai'ea development
housing association to see if we could align plans. While not ar] iinmediate success the door reinains open to
future engagement and discussion as they start on their 3-5 yew. developinent joumey for the ai'ea Ainmediately
adjacent to oui. Donegal Pass facility.
Allied to the foregoing we have initiated the idea of a Strategic Fundraising Committee establishment as a
committee undei. the Boai'd to assist us find a means to facilitate and enable our ideas and aspii'ations and capital
capacity to fiind those ideas subject to robust business case presentation.
THANKS AND APPRECIATION
HARMONI 2019 would like to pla¢¢ on ircoi'd theii. thanks and appreciation for.,
The Continued fvnding provided by the Health Trusts and the Northern Ireland Housing Executive towards the
Cogt of providing vital services in Strickland's Care Village and the Men's Hostel.
The National Lottei'y Coinmunity Fund for the funding to operate Key5 to Life project.
The Dorniant Accounts Fund Nl for the funding to facilitate the research pi'oject.
The Ardbonnon Trust who provided grani to help equip the hostel dining facility to update the environment.
Those many organisations and individua15 who made donations of money> goods and time to the clients at the
Flostel.
Page 16

HARMONI 2019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2023 (contlnued)
FIXED ASSETS
Details of fixed asset movement in the y¢ar are given in note 7 to the f￿Alle1a1 Statements.
Although the market value of the operational property is comfortably in ¢xcess of its amortised historic cost, the
difference is not f¢lt to be of significance to members.
FAIR EMPLOYMENT
The charity is Committed to a policy of equal opportunities for all current and future employees. This policy also
includes compliance with the Sex Dis¢rimination (NI) Orders 1976 and 1988 and the Disability Discriminatioii Act
1995. These policies are incorporated into the Equal Opportunity of Employmenl Guidelines that are adhered to by the
Charity.
STATEMENT OF DIRECTORS, RESPONSIBILITIES
The directors are responsible for preparing the financial statements in accordance with applicable law and United
Kingdom Generally Accepted Accounting Practice.
Company law requires thc directors to prepare financial ststem¢nts for each financial year which give a true and fair
view of the slate of affairs of the company and of the profit or loss of the compaiiy for that period. In preparin¥ those
fInancial statements, the directors are required to
select suitable accounting policies and then apply Ihem consistently.
make judgements and estimat¥5 that are reasonable and prudent.
prepare the financial statements on the going con¢¢rn basis unless it is inappropriate
to presume that the company will continue in business.
The directors are responsible for keeping proper accounting records which disclose with reasonable ac¢ura¢y at any
time the financial position of the company and to enabl¢ them to ensure that the financial 5tatemenls comply with th¢
Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking
reasonable steps for the prevention and detection of frdud and other trr¢gularities.
REPORT AND FINANCIAL STATEMENTS
Thi5 report and financial statements have been prepared in accordance with the Statement of Recommended Praclice:
Accounting and Reporting by Charities and in aecordance with the Companies Act 2006.
AUDIT
The directors have sought to mak¢ themselves aware of any relevant audit inforniation and to establish that the auditors
are aware of that inforniation. Insofar as the board is awar¢ there 1$ no relevant audit inforniation of which the
company's auditors are unaware.
AUDITOR
The external audit asBignment fr>r 2022 and the subsequent 5 years has been awarded to Baker Tilley Mooney Moore
after an open cornpetitive bid process.
ON BEHALF OF THE BOARD..
SA Humphries - Secretary
Date..
Page 17

HARMON12019
INDEPENDENT AUDITOR?S REPORT TO THE TRUSTEES OF HARMONI 2019
Opin
We have audited the finan¢ial statsments ofHARMONI 2019 (the 'charitable company,) forthe yffdrcnd￿ 31 De£einber2023
whi¢h comprise the Slaternent ofFinancial Activitie4 the Balance SheeL the Statementof Cashflows and Th)tes to the fjnancial
statetnenl4 iiicluding significant accounting p)licies, The financia] ￿￿rting framework thathas been applied inthell.
Prep￿￿tiOn is app]i(xble18w and United Kingdom Accounting Standards, including Financial Repoiting Standard 102 The
Fin8ncial Reportu]g Standatd applicable in the UK and Republi¢ of I￿[alKI (United Kingdom Generntly AcceptedAccountllig
Practi￿).
In our opinion the firm￿la1 slatements:
give a true and fdu. viewofthe state ofthe charitable company's affairs as at 31 D￿l￿r2023 aThl ofits incoming
resources and application ofrtsx)uires, i￿lUdingF its income and expenditu￿ fvtheyear then ended.
have propa'ly prepa￿d in acci)rdance with Uiiited Killgdfjin Gene￿IlY Accepted AccountingPrnctice' and
have been piepared in accothce with t￿ requireinenls of the Comp￿leS Act 2006,
Basi8 foropinion
We conducted our audit in ac(x)rdance with Intemational Standa￿s on Auditing (UK) aSAs (UK)) and applicable law, Our
sponsibilities undei.tl￿e standards atE de6criFEd in the Auditor's ￿SponsIblI1￿es foi. the auditof the financial
statements section ofoui. ryoit. We inde￿ndent ofthe Lharitable coinpany in accordymce with the ethical reqU1￿ments th*
￿levant to our audit ofthe financial statements in the UK. including the FRC'S Ethical strnd￿￿ and we have fulfilled our
other ethicaI irsrx)nsibilities in ￿e01the with TqUiIEn*nts. We beIieve thetthe audit evidence we have obtained is
sufficient and 4ipropriate to PiDvide a forowopinion.
concl￿￿}￿$ to goillgconcern
In auditing ihe financial statements, we have con¢luded thatthe tt￿steeS, ugeofthe going concem b&5is of accountu￿ inthe
preparation of Ihe financial statements is app￿pria
Based on the work we have peifoimel we have not identified any material uncertainties iylating to events or conditior6 tha¢
individually or collectivelyi may cast significant doubt on the ch&itable cojnpangs abiIity to continue as a going concem fora
nod of at least t￿1ve months fiDin whenthe financial stateiwits authorisaE for issue.
OLU. reswnsibilities and fhe ￿9p)nsibilitieS oftk tsuSt￿ with respect to going ￿nceM￿E d￿clibed in the relevantsections of
this reporL
Qtherlnthrnia(ion
The (ither infomiation compiises the infonnalion included inthe Dlltct0￿ annual ￿￿)it olherthan the financial statements and
our auditoi s report thereon. The tsustees JE5ponsAble foi. the other infoirnation ci)nlAined within the onnual IEPOrt Our
opinion on the financial statemthts d(K5 notcovei. the other information anl except to the extent othenvise expLicidy stated in
our repo¢ we do notexpirss any fonn of assurance conclusion theN)tL OLll' ￿ponsibIlity is to Thd the other infomlation arf in
doing 50, Considei'wI￿wthe othei. infomiation is ￿￿t07allY incungistcntwith the financial statenients ()r our krK)wledge
obtsined in the COU￿ ofthe audit or othonvise app￿5 to be mataially inisstated. Ifwe identify such mateiiaL Inco￿$15¢¢n¢1es Th,
appaTht material Mi￿takMents, we &e wuired to detemiine whether this gives rise to a maierial misstateinent in the fir￿cial
statements themselve5. If, knd on the woA(we have peiformed, we con¢ludethatthere is amatfflal mis51atement of this other
Information, we aJE rquired to report that fact.
W¢ have nothing to rewrt in this regth.
OpinioThs on other matters prffjolb￿l by theComwdnl&8Act2
In i)ur opinion, bawl on the woi'k undeitsken in the course ofthe audit..
the infotm*ion given luthe Directo￿, report forthe financial yearforwhich the fjnan¢ial statements are PVEd is
nsistent withthe fina￿la1 slate￿￿nts. and
the Di￿¢t0￿, rep)rt has P￿en￿Epa￿d tn ac0)rda[￿e with appli(thle legal IEquirements.
Mattas on whichwe aPRqui￿d to ￿E￿6Yexcepkn￿
In the light of the knowledge and ￿dersta￿lIng ofthe charitableeompatw and its ¢nviiY)tllnent obtsined in the Cou￿¢ of the
audi¢ we have not ideniified mataial misststements in DAthrs' repo
Page 18

HARMONI 2019
INDEPENDENT AUDITOR9S REPORT TO THE TRUSTEES OF HARMON12019 (continued)
We have nothing to iEFOrt in I'espectofthe following Matte￿ in ￿lation to Mthich the CompaniesAct2006 itquires us to iEPOrt
to you if, in ow"opinion'.
adequate accounting IEQ)rds have not been kept,. or
the financial stateinents Th)t in ￿'een￿nt with the accounting reCo￿S 8J]d rthms. or
ceitiin disclosures ofdirectoiE' tenwneration s￿¢Ified by law aLf not made. or
we have not tE¢eived au the infottnationand explanatio￿ we require fol.0￿. audit.
R£8pmslblrt￿ of tr￿tee8
As explained more fi]Ily in the Direckn3' r&8ponsibilities statetnent 8etouton 17, the Dimtors (who are also the Tiu8tees of
the charitable comp8ny foi'the purpose5 Of¢￿nparty law) are ffspottsible for the pieparntion ofthe fina￿la1 thlements and for
being satisfid that thry ￿ve a tsue and fall. view, and forsuch intemal conthil &8 the tnjstees determine 15 necessary to enable the
preparation of financial statements thalare fire fiDm mateLial misslaicm¢n( whetherdue to liaud orenDr.
In preparing the financi?1 slatements. the Direclots irswnsible foi. Hssessing the charitable coinpany's ability to continue as a
goyng Conc￿￿, diKlosin& as applicabl< mattets related to going concem and using the going concem basis of accounting unle&s
the truste¢s eithei. intend to liqiitdate the charitable company orto c￿e O￿tio￿ or have no ￿ListiC thmative but to do so.
Auditor'5 reS￿Ds]b]I1tieS for the Auditoflhefinandal stslrnients
Oui. objectives ar¥. to ob&in reasonable wurancL alx)ut whether the fin8ncial slatements as awhole are fiee from material
misslatemenc whetherdue to fiwd ore￿or, dnd to i&sue 8n auditor's IEPOrt that includes ouropinion. Reasonablc ￿SUranCe is a
h￿h level 0f&ssuBt￿e, but is not agU￿￿tee that an audit conducted in accordance with ISAS (UK) will always detect almat￿la1
Inisstaknnent when it exists. Missfateinents can 8Jise from hud or emjr and consideird material if, individiRlly or in the
aggTcgat4 they could rel￿nablY be expected w infjuence the economic decisions OfuSe￿ taken on the basis ofthese financ￿1
stalLinenl
Yegularities including fiaul instsnces ofnon4ompliance with laws and tEgulatiorLS. We d&8igm procedwu in line with our
sponsibilities, out]ined abov< to detect inalerial mi8Staternents in respectof irregulwities, including fiaud. The swific
pmceduLEg foi, this engagement and the extent to which these are cyble ofdeiEcting irregulajities, including fixud is detsiIed
below:
We considei'ed the oppoi'lunities and incentives that may exist within the ol'gallisation for fraud and identified the
gi'eatest potential for frdud in relation to revenue recognition. In common with all audits under ISAS (UK), we are
also required to perform specific procedures to i'espond to the risk of management override.
We also obtained an understandtng of the legal and regulatory fr￿neWorkS that the chai'itable Coinpany operates
in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material
amounts and disclosures in the financial stateinents. The key laws and regulations we considei'ed in this context
included the UK Companies Act, and The Charities Act (Northei'n Ireland) 2008.
In addition, w¢ considcred piDvisions of other laws and regulations that do not have a direct effect on the financial
statements but ¢oinplian¢e with which may be fundamental to the Company's ability to operate or to avoid a
matsrial penalty. These included compliance with r.inancial Conduct Authority regulation for the UK opei'ating
seginent and compliance with local legislation foi. the overseas operating segments,
Our procedui'es to respond to risks identifEed included the following:
reviewing ihe financial statement disclosures and testing to supporting documentation to assess
compliance with provisions of relevant laws and regulations descTib¢d as having a direct effect on the
financial statements.
enquiring of management and external legal counsel concerning actual 2nd potential litigation and
Page 19

HARMONI 2019
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF HARMONI 2019 (eontinu¢d)
pei'forming analytioal piucedui'es to identify any unusual or unexpected relationships that may indicate
i'isks of material illi5Statement due to fraud,.
l'eading minutes ofmeetings of those chai'gd with governance, i'eviewing intei'nal aiidit reports and
reviewing regulatory correspondence.
in addressing the risk of fi'aud through inanagement override of controls, testing the appropriateness of
journal entries and other adjusttnents. assessing whether the judgeinents made in inaking accounting
estimates ￿'e indicative of a potential bias. and evaluating the i'ationale of any significant ti'ansactions
that al'e unusual or outside the noiinal course of business.
We also cointnunicated relevant identified laws and i'egulations and potential fraud risks to all engageinent team
members and reinained alert to any indications of fraud or noncoinpliance with laws and regulations throughoLIt
the audit,
Because of the inherent limitations ofan audiL there is a risk that we will notdetect uyegulwities, including those leadlng to a
Iriatetial misslatement in fi￿la1 statements or non-wmpliance witl) regLiiation. This iisk inc￿8 the MO￿ th*
compliance with a law or regulation is removed fiY)m the events and transactions trflected in the f￿anCIal stateinettts, as we will
e less likely to become awwy of instances of non-compliance. The risk is also water regarding intgi11￿7tieS ￿Curring di￿ to
fraud ratha. than enDI', as fiaud involves intentional corKealmenL forgayy collusion, omission orinisiEPiEsenlation.
A fiutherdesciiption ofoLWifStM)nsibilities is available on the Financial Rep)rting Council's website at,
|)1111,%iliililii%, This description fonns part ofuw'auditor's re￿rL
We communicate with those ch¥@ with govemance Rgardu]8> a]nungF othermatte13, significant aLidit FO￿1n8￿ including any
significant deficiencies in iniemal control that we identify duiing our audit.
Useofourreport
This rep￿t is m8de solely to the charitable comFany's mcinlxJ5, 85 a body, in accothce with Chaptei, 3 of Pgrt 16 of the
Compani£s Act2006. Ow. alKlitwo￿ has bL'Ln undolaken so that we tnight5tsts to the Ch￿itable cOn4￿Y'S mcmbersihose
Matte￿ we are requuEd lo state to d￿M in an auditor's report 3nd for no other purpose. To ihe fvuest extent ￿MillIed by law, we
do not accept or &ssiune responsiljility to anyone other tlw the Ch￿itable company and the Charitable c(Mnpany's Inembeis as a
body, f￿, ouraudit woi'K forthisrepo¢ or for the opinions we have f￿Thed.
Eimear Brown (Senior Statutory Auditor)
Foi. and on behalf of Bak¢i' Tilly Mooney Moore
Registered Auditor
17 Clarendon Road
Claiendon Dock
Belfast
BTI 3BG
Date: 111
Baker Tilly Mooney Moore is eligible to act as an auditoi. in tel'n￿ of section l212 of the Companies Act 2006.
Page 20

HARMONI 2019
(REGISTERED COMPANY NUMBER.. R0003A6)
(REGISTERED NORTHERN IRELAND CHARITY NUMBER: 101731)
STATEMENT OF FJNANCIAL ACTtVlTIES
(Incorporating the Income and Expenditure Aecovnt)
FOR THE YEAR ENDED 31 DECEMBER 2023
Notes
Restricted
Funds
Unrestricted
Funds
31.12.2023
Total
31.12.2022
Tot•1
INCOME & ENDOWMENTS FROM:
Donations & Legacies
4.091
4,091
3,566
147.311
147,311
Investments
139,993
Charitable Activities
948,612
2,613,364
3.561,976
3,497,476
Total Ineome
948 612
2 764,766
3 713,378
3,641035
EXPENDITURE ON..
Raising Funds- Investment Management Costs
52,229
52,229
45,290
Raisin8 Funds- Grant FundrHising
4.320
4,320
4,320
Chariiabl¢ Activiti¢8
1,106,303
1.106.303
2,473.169
3,579.472
3,636,021
3,499,499
Total expenditur¢
2,529.718
3,549,109
Nel IExpcndilurelnntom¢ from operotloDIl
aetiviti¢s
1157,691)
235.048
77.357
91.926
GAinl(Loss) on revaluation of investmenl ass¢ts
Net (ExpendFture)llncome
121802
356,850
121802
199,159
(157.6911
(98.199)
TrAnsfer bcliveen fu￿dS
21&22
61,346
(61,346)
Net movement In Funds
(96,345)
295,504
199,159
(98,199)
Re¢onciliAtlon of Fundg..
Total Funds Brought Forward
21&22
161,759
6.575,121
6,736,880
6,835,079
TOTAL FUNDS CARRIED FORWARD
21&22
6 870 625
6 936 039
6 736 880
The statement of financial aGtivities includes all gains and losses in the year. All incoming resources exponded derive
from wntinuing activiiies.
The notes forni part of these financial statements.
Page 21

HARMON12019
(RECISTERED COMPANY NUMBER: R00O316)
(REGISTERED NORTHERN UiELAND CHARITY NUMBER: 101731)
BALANCE SHEET
31 DECEMBER 2023
Notes
31.12.2023
31.12.2022
FIXED ASSETS
Tangible assets
2,484,991
1,754,504
2,590.045
1.699,504
4289,549
Invesltnents
4239.495
CURRENT ASSETS
Stock
io
1,583
323,655
2,574,446
658,984
1.421
225.116
2,234,968
899,377
3.360.882
Debtors
li
Investtnents
12
C&8h at bank and in iwid
3.558,668
CREDfroRS
Amounts fAlling due wiihIn one year
13
353 694
NET CURRENT ASSETS
3 149 686
3 007 188
TOTAL ASSETS LESS CURRENT
LIABILITIES
7,389,181
7,296,737
CREDITORS
Arnounts fAlling due after more than on¢ ye
14
453 142
559 857
NET ASSETS
20
6 936 039
6 736 880
THE FUNDS OF THE CHARITY:
Restricled Fund4
21
161759
Unre$lri¢¢¢d Funds
Revaiuation R¢serve
1,893,039
4,977,586
6.870,625
6,936,039
1.771,237
4,803,884
G¢nerul Fund
22
6,575,121
6,736,880
The financial statements wer¢ auihorised for issue by the Board of Directors on
signed on its behalf by..
and were
Direclor- D McIlhagger
The not¢s fonn part of these financial 5tatem¢nts.
Page 22

HARMONI 2019
STATEMENT OF CASHFLOWS
FOR THE YEAR ENDED31 DECEMBER 2023
31.12.2023
31.12.2022
Cash generAtedl (used) In operating activities - see Note 25
8,979
43968
C*shflows from investlng Aetivilie5
Pui'chase of tangible fixed assets
Pui'chase of ciirrent asset inveslmenls
Proceeds fi'om sale of cui'reni asset investments
Invcstment incoEll¢
Bank d¢posit intei'esl
Pioceeds from disposal of tangible fixed assets
Cash receipts fi'om rentals of invesimenl pl￿pertIeS
CAsh {used)/provlded by investlng A¢tlvities
(4,318)
(546,838)
274,162
72,151
101
(7.461 }
(120.865)
146,575
65.516
75,060
(129,682)
74,495
158,260
CRshflows from finftneing activities
Repuyinenl of bank loan
Bank pi'operty finance loall inter¢81
Legacie5 &nd Subscriptions
N¢t f ash generat¢dl(used) in financing Rctlvltlts
(103,917)
(17,629)
1,856
(119,690)
(101,132)
(20,433)
3.566
(117,999)
Inerea8e in c4sh & ¢Ash eqiiivalen15 111 the yeAr
Cash & cash equiv&l¢nls at the be￿i￿ning of the y¢ar
CAsh & cash equivaleots At the end of the year
(240 J93)
899J77
658,984
84,229
815,148
899J77
AnAIy81$ of cA8h & cAsh tquivalents
Cash UL bank and in hand
Totil cash & cash equivalenl$
658.984
658,984
899,377
899, 377
Page 23

HARMONI 2019
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
I. ACCOUNTING POLICIES
Basis of pi'eparing the finaneiAI statements
The financial staten]ents of this public benefit entity have been prepared in accordan¢e with Accounting and
Reporting by Charities.. Statement of R¢¢ommended Praclice applicable to ¢haritle5 preparing their accounls in
a¢¢ordan¢e with the Financial Reporting Standard applicable in the UK and lh¢ Republic of Ireland (FRS 102)
(effective l January 20 I5)- {Chariles SORP (FRS 102), the Financial Repoiting Standai'd applicable in the UK and
the Republic of Ireland (FRS 102) and the Companies Acl 2006.
Fund Accounting
Unresti'icted funds are available for use at tlie discretion of the directors in further&n¢e of the general
objectlvcs of the charity. UnrLSlricted funds include rcvaluation reserves representing the restaternent of
investment assets {both fixed and curi'¢nt) at market values.
Whilst there are none to date, Designated funds are unrestricted funds earmarked by the directors for particular
purposes.
Restricted funds receivable from the Northern Ireland Housing Exccutive for their Supporting People
Programme operating in both Stricklands Bay and the Men's Hostel are subj¢¢t to reslriclions on their
expenditure, imposed by the donor.
Income
All incoming resources are included in the slatement of financial activities when the charity is entitled to the income
and the amount Can be quantified with reasonable a¢¢uracy. The following specific policies are applied to particular
categories of income..
Voluntary income is re￿IVed by way of donations, legacies and gifts and is included in full in the Statement of
Financial Activitie8 when receivable. Legacies are &ccounted for following entiilement, Grants, where
entitlement is noi condilionRI on ihe delivery of a Specific perform&nce by the charity, are reco8nised when
th¢ charity becomes unconditionally entitled to the grant.
Investment ineome is included when re¢eiv&ble.
Incomin8 resources from grants, where related to performen¢e and specifi¢ deliverables, are accounted for a5
the charity earns the right to consideration by its perforinance - split between Restricted and Unrestricted
funds.
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which
cannot be fully recovered, and is reported as part of the expendilure to which it relates..
Raising funds co8ts comprise th¢ costs asqociated with the charity's investment propety. ¢ll￿ellt asset
investments and th¢ cost of grant applications.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and
services for its b¢n¢ficiaries. It inGludes both costs that can be allocated directly to such activities and
those costs of an indirect nature necessary to support Ih¢m- split between RestriGled and Unrestricted funds.
Governance costs include those associated with meeting tke constitutional and statutory requirements of the
charity and inclLLde the audit fees and costs linked to the strategic management of the charity.
All cost& are allocated between the expenditure categories of the SOFA on a basis designed to Teflect the use of
the resource. Costs Yelating to a particular activity are allocated directly, others are apportioned on an
appropriate basis as set out in Note 3.
Page 24

HARMONI 2019
NOTES TO THE FINANCtAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
I. ACCOUNTING POLICIES {continued)
TAngible fixed assets (exeluding investment propeity)
DepRciation is provided at the following annual rates in order to writ¢ off each asset over its estimated useful life..
Freehold property
Improvetnents lo property
Short leasehold
20/0 on cost
151J/o on cost
IOO/tr on cost
Long leasehold
Fixtures and fittings
Motor vehicles
286 on cost
IO% on cost
250/0 reducing balance
330/0 on cost
Comput¢r equipment
The c05t of assets comprises purch&8e price and any install&tion charges.
Pension5
Retirement benefits lo certain Qui'rent employees are provided by a defined ¢ontributlDn pension scheme. under
'Aulo-Enrolment", whereby the assers are held separately from Iho.8e of the charity in independently admit7iStered
funds, The charity contributions are accounted for by ¢harging costs against surpluses as payments accrue.
In addition, unfLinded payments are tnade to certain former employees who were m¢mbers of the old defined benefit
scheme, which is now closed. Th¢se are charged as payments are inade. The capital cost of continuing thes¢
payments, which not been computed, is not reflecred As a liability in the a¢¢ounls.
The accounting for unfunded pension payments is considered to be an immaterial departure from Financial
Reporting Stand￿'d IO2.
Operatlng LeAses
Harmoni classifies the lease of office equipment as operating leases. The title to the equipment remains with the
lessor and the equipment is replaG¢d periodically, Rental charges are charged to the SOFA on a slraight-line basis
over the term of the lease.
Investment Propertle%
Investinent properties are initially measured at cost, including transaction costs. Subsequently those inveslmenl
propLrties whose fair value can be me￿llred reliably are mcasured al fair value. Gains and losses &i'ising
from change5 in the fair value of inve.8tment properties are recognised in the r¢v4lu¢ition res¢rv¢ through
gains/losses on revaluation of inveslments in the Statement of Financial Activities.
Stock
Stock held relat¢S to food stock held for the kitchen in M¢n's Hostel. Stock is valued at th¢ lower of cost and net
realisable value.
Page 25

HARMONI 2019
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2023
I. ACCOUNTING POLICIES (continued)
Debtors
Trade and other debtors are recognised at the settleinent amount due after any trade discout]t offered. Prepayments
are valued at the amount prepaid net of trade discounts due.
Creditors
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that
will probably r¢sult in thc transfer of funds to a third paty and the amount due lo settle the obligation Gan b¢
measured or estimated reliably. Creditors are nonnally recognised al th¢ir settlement amount after allowillg for any
trade discounts due.
Fin&nciAI Instrumellts
Harmoni only has financial assets and finanGial liabilities of a kind that qualify as basi¢ financial instruinents.
Basic financial iftstrument5 ar¢ initially r¢cognis¢d at transaction value and subsequently measured at their
settlement value,
Current Asset Investments
Current assel inve5tmeutS Are recognised initially at fair value. wFLich is normally the transaction price.
Subscquently they al'e measured at fair value, with changes reknognif ed in the revaluation reserve through
gainsllossey on revaluation of investments in the Stalemcnt of Financial Activities if the investments are publicly
traded or their fair value Can otherwise be measured reliably. Other investments are measured at fair value at the
d&t¢ of acquisition less impairment.
Judgements 2nd key sources of es¢lmation uncertalnty
The following judgments in¢luding those involving estimates have been mad¢ in Ihe process of applying the above
accounting policies thai have had the most significant effeci on the amounts recognised in the financial stateinents
and that hav¢ a significaiil risk of causing a material adjustment to the carrying amounts of assets and liabilities
within the next financial year:
(i) Depreciation method and asset useful lives
(li) V&luation of properties
(iiil Impairment of assets
The estimate5 and assumptions are reviewed on att on80in8 basis considering the current and future market
conditions.
Page 26

HARMONI 2019
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2023
2. INCOME
31.12.2023
31.12.2022
Unrestricted Funds:
DDnRtion5 and LegAeies
Legacies and donations
Subscription5- Boys Bi'igade
Gifi Aid
3,891
200
3,566
Total voluntary In￿Me
4.091
3.566
Investmen¢ Incorne
Inveslm¥nl pi'opci'ry r¢nt$ I'eceivable
Bank deposit intei'est receivable
Current ass¢1 investment in¢ome
75,059
iai
72.151
74.477
65,516
Total Inveslm¢nt Income
147,311
139.993
ncome from Aetlviti
further the Charit
'sob
ectlve
Utillty
Strnet
Men's
Hostel
Stricklands
Bay
Other
Total
31.12.23
TotAI
31.12.22
Unrestrieted Funds
Residential reoeipis
Payments from Health Trusts
Payments from NIHE re housing
Private Support Income
SP Covid-19 Fundin8
Other
125,457
50,267
,532,686
263,512
175,724
1,532,686
886,342
161,670
1.518,762
822,847
622,830
25,016
7,925
2,536,220
2,683
750 970
13,479
1,859,944
2,450
18,612
2 613,364
Restricted Funds
Payment8 from NIHE re Supporting Peopl¢ 462,833
Private Support Income
Ulster Garden Villages Grant
Dormant Accounts NI Fund
National Lottcry - Covid-19
SP Covid-19 Funding
National Lottery Community Fund
Other Restricted Gr&nts
397,376
46,268
860,209
46,268
805,498
39,808
32,551
32,551
32,551
3,768
5,816
472,417
3,768
5,816
948,612
65.921
17,478
961,256
443,644
32,551
TOTAL INCOME
3,713,378
3.641,035
Page 27

HARMONI 2019
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2023
3. EXPENDITURE (incl. VAT where relevant)
Utility
Street
Men's
Hostel
Stricldand$
Bay
Other
Tolal
31.12.23
Total
31.12.22
Unrestricted Funds
Cost$ directly Jllocated to Activities..
Staff costs
Depreciatton
Othei.
Loan interest
Support C,osts allocated by time to aetlvltl¢s'.
Administrtttion {incl. siqff cosls)
297,905
2.540
340,610
1.179,365
96.324
161,939
15,866
251,573
1,477.270
99.556
514,946
15,866
323,614
1,534,038
69,154
480,061
19.143
284.480
692
12,397
72,041
713,096
1.705,067
13,089
2.431.252
2,386,876
External audit and a¢countanoy - curreni year
External audit and accountancy - prior year
Internal audit
Legal and professional
6,600
600
3,000
31.717
41,917
2,473,169
6,000
3,000
13,800
22,800
2,409,676
Total Unrestrictod Zxpendlture eharitAble actfvities
Investment Management Costs..
Re investment property
Re current asset investments
38,590
13,639
52, 229
31.299
13.991
45,290
Grant fundraising eost8'.
4,320
4,320
Restrlcted Funds
Costs directly allocated to ictlvltiej:
Men's
Hostel
StricklAnds
BAY
Other
Total
31.12.23
Tot*1
31.12.22
Staff costs
Depreciation
Other
Loan interest
Support Costs allocated by time to 4etivit1￿.
Administration (incl. slaff ¢osts}
382,630
5,824
102,662
390,496
405
48,708
1,763
34,981
808,107
6,229
156,413
,763
687,406
37,467
203,639
1,290
5,043
65,180
556,296
68,611
509,983
133,791
1,106,303
160,021
1,089.823
40,024
TOTAL EXPENDITURE
3,636.021
3.549.109
Page 28

HARMONI 2019
NOTES TO THE FtNANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2023
4. STAFF COSTS
31.12.2023
31.12.2022
Wages and 5alai.ies
Social secw'ity costs
Othei. pensions ¢ost5
2,409,586
172,298
58.844
2,640,728
2.332,857
164,843
55,745
2,553,445
The average monthly number of employees during the year was as follows..
31.12.2023
31.12.2022
Administi'ative staff
Other staff
84
92
79
87
Included above is £411,339 (2022.. £477,752), whirh was paid during th¢ ye&r in respect of asency staff.
During 2023, there was one employee with emoluments at the rate betweet) £90,00 l and £1 00,000 (2022.. one between
£90,001 and £lOO,000).
Remuneration of the 2 (2022,,2) key management personnel in the period was £160,553 (2022,. £I53.500).
5. INCOME & EXPENDITURE
Income and expenditure (including VAT, where relevant) are ststed after char8ing (crediting):
31.12.2023
31.12.2022
Dep￿CLaI10Th - owned &8seis
L055 on disposal of fixed assets
Opei'ating lease Costs
Exicrnal Aud & Accs current year
Exlei'nal Aud & A¢¢s pi'ioi. year
Intemal Audit
Bank loan intere51 payable
Income from listed investments
Directors, remuneration
109,187
113,567
4,393
6,61)0
600
3,000
17,629
72,151
4,393
6,000
3,000
20,433
65,516
6. TAXATION
Analysis of the t8x chArge
Being registered with both HMRC &nd the Charity Commission for Northern Ireland as & ehaiity. no liability to UK
corporntion tax ai'ose on ordinary activtties for the year elided 31 December 2023, nor for the year ended 31 December
2022,
Page 29

HARMON12019
NOTES TO THE FINANCIAL STATEMENTS {¢ontiniied)
FOR THE YEAR ENDED31 DECEMBER 2023
TANGIBLE FIXED ASSETS
Freehold
Property
Short
Leasehold
Long
LeAsehold
COST
At January 2023
Additions
Disposals
2,883,318
9,080
1.822,250
Ai 31 December 2023
2,883,318
9,080
1822,250
DKPRECIATION
At l January 2023
Charge for year
Eliminated on disposal
At 31 December 2023
972,293
58.563
9,080
1,188,058
36.180
1,030,856
9,080
1,224,238
NET BOOK VALUE
At 31 December 2023
1,852 462
598 012
At 31 December 2022
1911025
634 192
TANGIBLE FIXED ASSETS (continued)
Fixtures &
Fittlngs
Motor Vehlcles
Computer
Equipment
Totalg
COST
At January 2023
Additions
Disposals
237,595
4.318
300
241,613
9,775
25,203
4,987,221
4,318
300
4,991.239
At 31 December 2023
9,775
25,203
DEPRECIATION
At l January 2023
Charge for year
Eliminated on disposal
203,110
9.734
115
7,462
578
17,173
4,132
2,397,176
109,187
115
At 31 December 2023
212 729
2 506,248
NET BOOK VALUE
At 31 December 2023
2 484 991
Al 31 December 2022
8.030
2 590.045
Page 30

HARMONI 2019
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2023
FIXED ASSET INVESTMENT PROPERTIES
armoni has two fixed asset property investments and a small ground iental portfolio.
The investment properties at Donegall Pass were revalued at fair open market v&lue as of 9 Febi'uary 2024 by Frazer
Kidd & Partners, Propety Consultsnts. The directors consider this to be a fair estimate of value as of 31 December
2023.
The investment properties at Derryvolgie Mews were revalued at fair open market value as of 9 FebrLEary 2024 by
Frazei. Kidd & Partners. Property Consultants. The directors consider this to be a fair estimate of value as of 31
D¢¢embei' 2023.
The directors are of the view that no si8nificaiit Change to fair open market value has arisen with the ground retLls in
2023 (or 2022). Th¢ movement is summarised as follow$'.
8 Apartment5
(D¢riyvolgi¢
M¢w5)
Other
Investment
Pi'opety
GIDund
Rents
2023
TotRI
2022
Total
Value at stllrt of the year
1,500,000
195.000
4,504
1,699,504
,649,504
Incirase in value durin8 the year
50,000
Value Rt the end of th¢ year
550,000
200 000
1,754 504
1699 504
As part of its tille to Derryvolgie M¢w5 Harmoni holds the only issued voting 'B' share in an apartment management
compaiiy, Derryvolgie Mews Mana¥emenl Cotnpany Limited, incoiporaled in Northern Treland to acl as a property
management company for Harmoni's investment propety Derryvolgie Mews"
4 non-voting 'A' shares in th¢ company have been issued to the own¢rs of the other 4 apartmefit8 which wer¢ previously
Id by H&iThoni.
FINANCIAL INSTRUMENTS
The fair valued carrying amounts of the rharity's financial instruments, bein8 debtors, current asset inv¢slinents,
creditors and bank loans, are given in notes 11, 12, 13, 14 and 15.
The only income from the Charity's financial instruments is the bank dcp05it interest receivable and Current asset
investment income, as disclosed under investment income in note 2.
The only expense associated with the ¢harAty's financial instruments 15 the Stricklands Bay property bank loan inter¢st,
as disclos¢d in note 3.
10. STOCK
31.12.2023
31.12,2022
Kitchen stock at Men's Hostel
Page 31

HARMOIYI 2019
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2023
11. DEBTORS: AMOUNTS FALLING DUE WITHtN ONE YEAR
31.12.2023
31.12.2022
Trade Debtoi's
Prepayments and acci'ued Income
300,087
23,568
323,655
205,894
19,222
225,116
12. CURRENT ASSET FINANCIAL INVESTMEIYTS
31.12.2023
31.12.2022
At start of year
Additions
Disposals
Surplus/(deficit) on disposals realised
Unrealised (deficit)Isurplus
At end of yeai, fair market valuation
2,234,968
546.838
(274.162)
6,955
59,847
2,574,446
2.500.803
120.865
(146,575)
(31,994}
(208,131)
2,234,968
Curr¢nt assets investments ¢omprise.'
Listcd investments
Other investinents
2,444,175
130,271
2,574,446
2,111,838
123,130
2,234,968
Historical cost of current asset investrnents
2,574,446
2,234,968
The fair value of Iisied investments is determined by reference to their market value as ai the balanc¢ sheet date as
provided by the Investment Managers Evelyn Partners.
The fair value of the olher Investments 18 Ineasured at a fair value on a¢quisition less impairment.
The investtnent management fees in respect of the financial investments for 2023 were £13,639 (2022.. £13,991).
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.2023
31.12.2022
Bank loans (see note 15)
Trade creditors
Social security and other taxes
Accrued expenses
106,715
95,207
38,034
169,026
408,982
103,917
72,579
31,849
145,349
353,694
Page 32

HARMON12019
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2023
14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.2023
31.12.2022
Bank Loans (see note 15)
453 142
559 857
The bank loans are secui'ed by a legal mortgage over Harmoni's investment property known as "Derryvolgie Mews"
IS. LOAIYS
An analysis of the maturity of loans is given below..
31.12.2023
31.12.2022
Amounts falling due within one year or on demand..
Bank loans
lQ6,715
103,917
106 715
103 917
Amounts falling due between one and two years..
Bank loans.. 1-2 years
109 712
106 715
Amounts falling du¢ between two and five ye&rg:
Bank loans.. 2-5 years
301666
338 504
Ainounts falling due in more than five years.,
Bank loan5 repayable in more than 5 years by instalments
114638
Interest is payabl¢ on the oi'iginal bank loan at 2.15L/lo for 10 y¢ars. Interest is pay&ble on a second bank loan at 40/0 for
10 years.
16. SECURED DEBTS
The following secured debts are included within creditors..
31.12.2023
31.12.2022
Bank Loar]s
559 857
663,774
559 857
663 774
The bank borrowings are secured by a legal mortgage over Harmoni'5 investinent property known as "Denyvolgie
Mews" and the development at Ge¢good House.
Page 33

HARMON12019
NOTES TO THE FtNANCIAL STA TEMENTS (continued)
FOR THE YLAR ENDED 31 DECEMBER 2023
17. PENSION CO]VIMITMENTS
The company used to operate a defined benefit pension scheme which has now been wound up. The pension
obligations under the old 5Gheme are met by purchased annuities. In addition, unfunded payments are made to certain
former ¢mployees.
The oompany now operates a defined contribution scheme for certain current employees. The total pension costs for
the year were £58,844 (2022.. £55,745), comprising pension scherne costs of £58,302 {2022: £54,404) and unfunded
penslon pay￿entS of £542 (2022.. £1,341).
18. TRANSACTIONS WITH DtRECTORS
No director emoluments were paid during the year (2022 . £Nil)
There were no transactions during the year in which any director or related party had an interest requiring disolosure,
19. LEGAL STATUS OF HARMONI
HARMONI 2019 1$ a company limited by guarantee, not having a share capital.
Harmoni has tax-exeinpi status with HMRC as a charity and has also been registered as a charity by the Charity
Commission for Northern Ireland.
Pa8e 34

HARMONI 2019
NOTES TO THE FINANCIAL STA TEMENTS (continued)
FOR "THE YEAR ENDID 31 DECEMBER 2023
20. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ToDgible
Fixed
Assets
Fixed
Asset
Investments
Net
Current
Asset$
Long
Term
LiAbilities
TotHI
2023
TotAI
2022
Unre$tricted Fund5:
Genernl
2,454 767
754 504
3,114496
453,142
6 870 625
6,575 667
Re$tric¢¢d Funds..
NIHE Suppoi'ting People -
Men'8 Hostel &
Sti'icklands Col'e Village
34.709
Stricklands B&y- Bangor
Benevolent Society
3,728
3.728
4,437
Mcn's Hostel- NIHE
Refui'b. Gi'ant 2015
3,775
23,181
26,956
30.909
Nation&1 Lotteiy
Community Fund
3,768
3,768
51.120
Men'5 Hoslel- AW￿'dS
for All Grant
706
391
1,097
1,286
Men's Hostel- NIHE
ReOJrb. Gi'ant 2018
2,888
(965>
1.923
1,942
Ulster Gai'd¢n Villa8es
18,280
18,280
18,685
Stricklands Bay - A wards
for All Grant
5,59S
5,595
5,595
Dormant Account$ Fund
Nl
(185)
1185)
7,288
R.U,T.H
1,323
1.323
Belfast City Council -
Equipment
3,252
(341)
2.911
3,331
Ardbannon Trust
18
18
At the end of year
2 484,991
1754 S04
3 149 686
453,142
6,936 039
6.736 880
Page 35

HARMONI 2019
NOTES TO TIIE FINANCIAL STA TEMENTS (continLied)
FOR THE YEAR EIYDED 31 DECEMBER 2023
21. MOVEMENTS IN RESTRICTED FUNDS
At31.
Decejnber
Net
Movements
in Funds
Transfer
from
Unrestricted
Fullds
At315t
December
2022
2023
NIHE Siipporling People-
Men's Hostel & Stricklands
Care Village
34.709
(93,5 l3)
58,804
Stri¢klands Bay- B&ngor
Bcnevolent Society
4,437
(709)
3,728
Men's Flostel_ NIHE
Refurb. Gi'anl 2015
30,909
(3,953)
26,956
Dormant A¢¢ounls Nl Fund
7,288
(7.473)
(185)
Men's Hoslcl- A wards foi.
All Gi?nl
1.221
(124)
1,097
Men's Hostel- NIHE
Refvi'b Grant 2018
2,553
(630)
1,923
National Lottei'y Cotnmuniry
Fund
51,120
(49,894)
2,542
3,768
Ulster Garden Villages
18.685
(405)
18,280
Sii'icklands Bay- Awards for
All Grant
5,594
5,594
R.U.T.H
1,911
(588)
(420)
18
1,323
B.C.C- Eqiiipmcnt
Ardbannon Trust
3.332
2,912
Ai the end of ye￿.
161,759
(157,691)
61,346
65.414
22. MOVEMENTS IN UNRESTRICTED FUNDS
Gener&1
Fund
Rev41uatlon
Reservos
Totsl
Unre5trlcted
Funds 2023
Total
Unrestrlcted
Funds 2022
At I" January 2023
4,803.884
,771,237
6,575,121
6.646,995
N¢e Income on Opei'ationaI
Activities
235,048
235.048
220.493
Transfer to restricted funds
{61,346)
(61,346)
(102.242)
Investment revaluation
(Loss¢s)/Gains
121.802
121,802
6,870,625
(190,125)
6,575,121
Ai 31. December 2023
4,977,586
1,893,039
Page 36

HARMONI 2019
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED31 DECEMBER 2023
23. ANALYSIS OF REVALUATION RESERVES
Fixed
Asset
Investments
Current
Asset
Invegtments
Total
Inves¢m¢nts
Tot*1
At I. January 2023
Net gainl{loss)
At 31° Decembei. 2023
1,176.218
55,000
1,231.218
595,019
66,802
1,771,237
121,802
1.771,237
121.802
661,821
1,893,039
1,893,039
24. OPERATING LEASE COMIKITMENTS
2023
2022
Total future ininimum lease payments under non-cancellable
operating leases for office equipment are as follows..
Not later than one year
Later than one year and not later thon five years
Gr¢ater than five years
2,501
1,220
4,697
3,416
305
8,418
3,721
25.
RECONCILIATION OF MOVEMENT IN FUNDS TO NET CASHFLOW FROM OPERATL¥G
ACTIVITIES
2023
2022
Net movement In funds - Net in¢omc from operational
a¢tivitie5, as per Statement of Financial Activities
Add back:
77,357
91.926
Depreciation charg¢
Loss/(Pi'ofit> on sale of tangible fixed assets
Bank property finance loan interest payable
109,187
185
17,629
113,567
Deduct..
20,433
Investment income shown in investin8 aGtLVities
Legacies and subscriptions 51Lown in financing
Cash receipts fi'om rentals fron) investment properties
Bank deposit interest
(72,151)
(1,856}
(75,060)
(ioi)
(65,516)
(3,566)
(74.495)
(Increase) in stock
(162)
{462)
(Increase) in debtors
(98,539)
(48,358)
Increase in creditors. excluding bank borrowings
Net Cash generated in operating Activities,
as per Statement of Cashtlows
43,968
Page 37