HAIIMON12019
REPORT OF THE DIRECTORS AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
REGISTERED r￿mBER. R0000316 (Northern Ireland)
CHARITY COMMISSIOIY for NORTHERN IRELAND REGISTIL4TION NUMBER: 101731

HARMONI 2019
CONTENTS OF THE FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 31 DECEMBER 2024
CONTENTS
PAGE
Company Information_...-.-..-...-...-..-...-... .-..-.--.-...-...-..-...-.-...-.......-........-......................-...............
Report of the Directors
3-17
Report of the Independent Auditor_..-...-..-.-..-...-.~...-..~..-..-.--.-......-...-...-..-.......................... 18 - 20
Statement of Finaneial Aelivities
21
Balance Sbeet ........-...-..-...-.-......-...............--.--..-......-...-..~...-.-~.--.-..-...
22
ststement of Casbflows .-.--.-.-...-..-...-...-.-...-..--.-...-..-...~...-.--.-.......-...-...-...-..............................-. 23
Notes to the Flnanelfdl Statements .....-...-.~...-.~-.-...-..-..-...-.--.-...-.-...-...-..................-................ 24- 37
Page I

HARMOM 2019
COMPANY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024
DIRECTORS:
Mr Paul Archer (Apwinted Chairman from 28 March 2023)
Mr D McIlhagger Bsc. FIAE (Deputy Chair)
Mr Brian Lavery
Mr P Regan
Mr Paul Collins
Mrs Hannah Irwin
Dr Joanne Drew (appointed 121h Febnwy 2024)
Mr Robert Lyle (appointed 12 February 2024)
Mrs Elizabeth Mary Kerr (appointed 1st March 2024)
SECRETARY:
Mr S A Humphries
REGISTERED OFFICE:
39 Downshire Road
Bangor
Co Down
BT20 3RD
REGISTRAR OF COMPANIES NUMBEIL.
R0000316 (Nortbern Treland)
CHARITY COMMISSION NORTHERN IRELAND NUMBER:
101731
AUDfTORS:
Baker Tilly Mooney Moo
17 Clarendon Road
Clarendon Dock
Belfast
BTI 3BG
BANKERS..
Nortbern Bank Limited
tla Danske Bank
Donegall Sq West
Belfast
BTI 6JS
INVESTMENT ADVISORS..
Evelyn Partners
The Ewart
3 Bedford St
Belfast
BT2 7EP
SOLICITORS:
Cleaver Fulton & Rankin
50 Bedford Street
Belfast
BT2 7FW
Page 2

HARMONI 2019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2024
FORWARD
l am plea$¢d to pr¢s¢llt on b¢half of the Trustecs of Harnlonl 2019 the annual report and accounts for the year I"
January 2024 to 31" December 9024.
I on¢¢ again would a¢knowlFdg¢ tny indebtedness to my colleagues on Ihe Board for their interest and commitment to
guide the work of Harnionl. 2024 was a reflection of the inherent wmplexitie5 in a service such a5 OUTS and I am
thankful to the CEO and the executive team for their dedication and comprehensive information sharing which inf0rn15
the work of the board.
I would once again acknowledge and thank both the South Eastern Health and Social Care Tn￿t (SEHSCT) and the
Northern Ireland Housing Executive (NtHE) and we acknowledge thellr continuing engagement and contracting of
s¢rYi¢e$ with us. I would also like to express our appreciation for the WO￿ of th¢ DOHIHSCNI Strategic Planning and
Perforniance GTOUP (SPPG). Over these past number of years. we have noted a greater access to the strategic policy and
perforniance group who are showing 2 very refreshing realism in the setting of key policies and strategies. especi￿lY as
they reflect the inGreased Gosts on us as the independent charity sector in the delivery of services under contract to the
DOH and Trusts.
As with each passing year. our financial year Gomrnenced with limited underslanding of any potential uplifts, but the
now more reCu￿ent process with the DOHISPPG allowed us to be part of the discussion from early on. Particularly
through the work of the Association for Real Change here in Northem Ireland who have fostered more and more
opportunities for us as a small provider lo be at the table when key discussions are working through. So. I would place
on record our thanks to Les1ie-Atme Newton for facilitating and ¢ucouraging that.
Our CEO stepped down from the board of Homeless Connect in 2024 after 3 years of servtce on that board in order to
focus on our developm¢nt planning here at Harn]onl. We acknowledge the excellent work Hom¢le5s ConneGt do as
they seek to represent the providers of Homeless services as a membership organisation.
The development discussion culminated in a significant strategy paper for the board to reflect upon which was
delivered in November 2024. That set the scene for a strategy day being convened in 20?5 at the end of January. It is
safe to say that l and the board are excited at th¢ prosprft5 befor¢ us and most signifjcantly the opportunity to do more
for more. l am especially delighted that our development strategy has two major opportuniti¢s for us to pursu¢ both for
the Stricklands Care Village and our Homelessness intervention work in Belfast. It has been many years since we have
been in such o strong position to wnsider both service elements at the sam¢ tim¢. 2025 will bc a pivotal ycar in th
future strategy decision-making processes.
Finally, as the only Teason we exist is because we have people who need our services. I would again plac¢ on record our
appreciation lo the clients who have trusted us to prnvide caTf and support to thern. That work is only possible because
of a deJJi¢ated team of individuals who operate otL the front lines daily. To our ¢oll¢agues in the fLDnt lincs of
managemenL supervision and service delivery we say thank you for your service.
I look forward to 2025 when our current strategic plaD comes to an end and our n¢w plan is developed. I have little
doubt it will stretch us financially, operationally and strategically. but stretch us it must as we aspir¢ to do mor¢ for
morel
PaulArcher- ChaIrn￿rt
Page 3

HARMONI 2019
REPORT OF THE DIREcfoRS FOR THE YEAR ENDED 31 DECEMBER 2024
STRliCTURE GOVERNANCE AND MANAGEMENT
Governing Do¢ument
The legal entity name was ¢hanged on 8th January 2019 from NIID to HARMONI 2019 Trading as Harnionl.
HARMONI 2019 has its origins in late 19th century Belfast. It was incorporated on 19dJ Jthy 1906 as a charitable
Company limited by guarantee and not having share capital. The objects and powers of HARMONI 2019 are set
out in the Memorandum of Associatio￿ and the Company is governed under its Articles of Association, as
updated in 2014 and regiskred on 28 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 Northern Ireland Charity Register, registrntion number 101731. Since registration, the
DIr￿tOr Trustees have embaTked and maintained periodic specific training along with the Management team to
understand fully the implications, responsibilities and expectrdtions of HARMONI 2019. the Tn￿teeS and the
Management who operate under delegated authority.
As identified in the 2023 report we concluded the review and ll￿late of our articles of association. None of the
changes were regulated alteTations.
Dlrectors:
Re¢ruitment and appointment of dirvtors
Under the requirements of the Arti¢les of Association as revised in March 2014, the directors are trustees of the
charity and are known as Members of Council. From that revision date, Director Tn]stees serve for 4 years dated
from the first AGM at which they are voted in, they are eligible to serve up to three tern]s of four years at which
point they must retire. The date Cycle is from their r￿st AGM to their fourth AGM.
Name of Director Trnstee
Appointment Date
Expected terni end AGM date
Archer, Paul (Chair)
28° Ma￿￿ 2023
1st terni chair June 2026
m¢Ill￿er, David
30th June 2010 INED)
Chair May 2014- Dec 2020
Appointed Deputy Chair 1st Jan 2020
(Deputy Chair)
June 2026
Reagan, Peter
29th October 2014
June 2027
Lavery, Brian
18° May 2020
June 2028
Irwin, Hannah
15th June 2020
June 2028
Collins, Paul
15th June 2020
June 2028
Drew. Joanne
12th Febnwy 2024
12th February 2024
June 2028
Lyle, Robert
June 2028
Kerr, Elizabeth Mary
i $1 March 2024
June 2028
Page 4

HARMONI 2019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
continued
Director Trustees during reporhngperiod
No Member of the Board of Director Trustees had a beneficial interest in any contract witkn HARMON12019
duriDg the year.
Succession Planning:
Harn]onl continues to manage the need foT succession in the following manner..
I: Trustse appointments are phased in so far as possible so as not to risk a significant number of multiple Trustees
ending their tenure simultaneously.
2: From 1st January 2020 the board of trustees have created a deputy chair role to ensure that in the event of the
hair being unavailable there remains a line of consistency in the cEwity governance.
3: The Cbair of the Finance and General Purposes Committee is genera]ly not the ¢hair of the ￿11 board to ensure
a degree of separdtion and independence.
Truslee induction tznd Iraining
Trustees are aware of the practical work of HARMONU 2019 at the hostel in Belfast and Strickland's Care Village
in Bangor. New trustees are expected to attend an inforn]ation session to familiarise themselves with how
HARMON12019 operates. These are jointly led by tbe Chair of the Board and th¢ Chicf Ex¢cutiv¢ of HARMONI
2019 and cover the following:
The obligations of the Trustee Directors
The Articles of Association
The financial position as set out in the latest published a￿oUnts
Future plans and objeciives
New trustees receive copies of the Articles of Associatio￿ tbe latest financial statements, the ¢urrent strategic
plan and a copy of the Code of Good Governance produced by NtCVA. They then meet the CEO and undertake a
half-day induction process to provide informatÉon on the chaiity fimctlOD.
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 tbat trustees will have the opportunity to attend suitable training and infom]ation
events. The CEO will disseminate details of any such events as they bpKome available. The CEO also
disseminates all regulatory guidan¢e to trustees as it is received by the charity.
Risk management
The Board of Director Trustees continues to review the Major risks to which HARMON12019 is exposed. The
risk management strategy for HARMONI 2019 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 & risk which could render the organisation
impotent. The risk fra￿ew0￿C seeks to fiTStly identify the organisational risk appetite, over a range from low,
mediutn or high appetite.
The Board of Trustees receive regular updates to the risk register. This process allows the board to see pertinent
corporate risks, these risks are Categorised with probability and irnpact scores as Hig1￿ Medium or Low risk. This
measurement is designed to identify risks that require immediate attention and rn1tigatio￿ and those that need
attentioty but are less immediate.
Page 5

HARMONI 2019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)
Each risk is then identified with a risk owner and a mitigation pian narrative provided. Each update of the register
identifies new risks and changes in the previous risks due to the effects of the planned mitigation or other external
circumstances.
The core risks for 2024 were identified as:
Budget Delivery: At the outset of the year armed with li￿lted knowledge on any possible uplift potential
from our core statutory partners for the services delivereQ the budget presented as a worst-case scenario
was a deficit. As ever the CEO and executive team produced a mitigation pian to identify key activity and
tssks to minimise this risk. We are glad to report that due to an improvement in employed staff resourc¢s
compared to the agency potential budgeted coupled with signific8lltly better than expected uplifts from
The Trust and NIHE we rettmed a positive surplus result for the underlying business of the charÉty.
Funding Compression: We are pleased to report that due to the realism at work through the SPPG over
the l&st number of years we have noted an improvement in the uplift percenlages as It is tecognised that
the true fjjll recovery ¢osts of care delivery which has been outsourced by tr￿sts to charitable entities such
as HarmonI needs adthessing. In 2024 the NIHE also made an improved contribution, one which was
very welcome but regrettably not one which has as yet received the same recuffent realism. To that end
our risk profAle for fl￿ding compre55ion wa5 for the first time in a number of years improved
significantly.
Staff resources: We like all Providers in the sector need to be exception&Uy agile and imaginative in the
Te¢nJitment of suitable staff to provide front-line care and support. Thi5 has been the situation for many
years and while there is talk at Stortnont of D￿kIng Hea]th and Social care and real living wage
employment option with recurrent funding from the DOFU SPPGI Trusts that aspiration has yet to be
realised. Notwithst£mding th¢ afor¢m¢ntion¢d we at Harn￿￿[ havc bccn able to maitttain our rccruittncnt
at levels significantly better than some of our peer organsiations. For Stricklands Care village our
percentage staff y￿anCy rate av¢raged 9.90/. (220/9 in the wider sector) while for Utility Street it remained
stubbornly high at 26.5 %. Early indication5 for 2025 sbow the rate in Utility Street improving to 13.6 /ts
while Stticklands Care village is showing signs of a slight improvement to 9.3 %.
Cyber Risk: We were encouraged by our insurance partners to add cyber risk as a key risk item. This had
led us to reevaluate out It internal network architecture. our use of cloud based storage and software and
the provision of our Firewall and protective tecbnologies. This led us in 2024 to appoint a new provider
following a select list EOI exercise, WI￿ h&% updated all our aging intemal and external-facing equipment
and protocols.
The risk registered is augrnented at each board meeting with a full CEO report showing key Strategic, Director
and Operational detail alongside a stand-alone report on Health and Safety and any anonymised Safeguarding
issues or Deprivation of Liberty issues which would be wtinent for the Tnjstees to be aware off.
Page 6

HARMON12019
REPORT OF THE DIRECTORS FOR THE YEAR EI¥DED 31 DECEMBER 2024
STRUCTURE, GOVERNANCE & IKANAGEMENT {contiDued)
Orgaft&falional structure
The Board schedules four meetings a year and is responsible for the strategic direction and policy of HARMONI
2019. The Trustees come from a variety of professio[￿1 backgrounds relevant to the M'ork of HARMON12019.
The Finance and General Purposes Committee meets a week prior to the Board and recorded f4Jur meetings in
2023. This continues to include the Arniual Report 2nd Accounts presentation to the committee by the Auditors.
The development committee, which 15 a project-b&sed committee, reconvened three time5 in 2024 ￿ disc￿$S1onS
in respect to the future development opporttuiities were restarted in earnest.
Responsibility for operations management is delegated to the Chief Executive.
Governance:
The Board will fornially meet a minimum of 3 times in the year to take care of the ordinary business of the charity
and its governance Tequirements. The board also receives a detailed sub report on Health and Safety,
Safeguarding and Deprivation of Liberty i55ues if any have arisen.
They will meet at other times for special topics meetings as and when required. Tbe Sub Committee of the
Finan¢¢ and Genernl tknrposes Committee will nornially meet one week in advance of each formal board. The
Development Committee will meet as required to meet the needs of the project timeline.
Corporate Oversight:
The Senior Management Te8Jn meets regularly to ensure the management of the main corporate needs are being
met. A key element of this discussion wijl be the budgets, actuals, and variances we are experiencing and what
controls or chaDges we need to effect in order to keep the organisation on track. We will also review progress in
respect to recruitment and retention for OUT services.
Corporate Management:
The Unit Managers will meet with members of the Senior Team as required to revi¢w th¢ pcrforniance of the
overall business with specific input from the unit heads. These discussio￿$ include tbe regulatory and Compliance
elements from the funders and commissioners of the servi￿5 and also key safeguarding issues.
Operations Man8geme•t:
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 THE YEAR EIYDED 31 DECEMBER 2024
STRUCTURE, GOVERIYANCE & mANAGE1￿ENT (continued)
The operational organisation structure:
2n24
th&i.- P4Jl Arther"
Mauri￿6￿￿￿•1n
fjenctal M•fj
5hlrlèy.AnmeM<Felts
Ical￿rat￿l
an4oi
SÈnior ￿p￿rtY0•D
Page 8

HARMONI 2019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2024
STRUCTURE, GOVERNANCE & MANAGEMENT (eontinlled)
Related partles
HARMONI 2019 did not have any dealings during 2024 with arty companies or other organtsations in which any
of the directors have an interest.
OBJECTIVES AIYD ACTIVTfiES
The principal objects, as update<L of HARMONI 2019 are to: _
To relieve poverty, illne55, Sickness and suffering of people who aTe in need by reason of sickness. disabAlity,
verty or social and e¢onomic circumstance ('the benefiGiaTies).
To advance the interests of beneficiaries by all means includin& but not limited to, their closer integration
into wider society.
In the interests of social welfare to provide or assist in the provision of supported housing facilities or other
services, such as nursing care or domiciliary care. which improve the conditions of life of the beneficiaries and
provide or assist in the provision of respite care OT Other support for Carers of the beneficiaries.
To advance the education of the beneficiaries and educate and raise awareness among the public of issues
pertaining to social welfare and people with disabilities.
To relieve sickness 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 charitabEe purposes according to the law of Northern Ireland for the beneficiarles as the
Tnlstees may from time to time decide.
Strickland's Care Vdlage located in BaDgor provides ￿￿mmOdation in thity-three sep￿ate units for those
individuals livitig with a disability and needing support and care at various levels depending on assessed need.
The Belfast hostel provides emergency accommodation for fifty-nine men experiencing homelessness with one
room spe¢ifi¢ally renovated for men with disabilities. The men are supported and encouraged to improve their
situatioo by taking the necessary steps to move on to training opportUDities and employmenL and to pemLqnent
accommodation. There is close cooperation with the ststutory authorities and the Northern ITeland Housing
Executive.
Page 9

UARMON12019
REPORT OF THE DIRECTORS FOR THE YEAR EIYDED 31 DECEMBER 2024
STRATEGIC REPORT: ACHIEVEMELYf & PERFORMANCE
STRATEGIC REPORT
Achievements and Performauee
Orgonisalional..
A signifiwit achievement organisationally for 2024 was the ability to reverse the potential deficit to a surplus.
This was derived from a series of mitigation actions by the Executive coupled with better-tban-expe¢ted increases
from the Trnst and NIHE.
Over the past 2 years we have received two very genero￿8 bequests, one from a previous tenant and one
individual whose historical connection to the charity is unclear. Their generosity as a reflection of the good
standing which the charity has held for them enabled us to utilise some of the financial gift to carry out some
much-needed itnprovements for the clients facilities io Bangor and BelfasL
Strlcklands Care Village:
20?4 was a key challenge for the care village management as our Registered manager, Anwida Barr had decided
to pursue other career Options for the ￿tt￿e. We express our gratitude to her for the work she did in the care
village. The process of replacing Amallda was challenging with numerous false starts but mercifully we were able
to recruit a new Registered Manager, Emma Hanna joined in in July 2024 and comes with a wealth of experience
in our sector, It would also be remi55 if we did Dot reflect our appreciation to the Team Leader Natasha Hull who
alongside the CEO, HR Manager and Senior Support staff managed the service to an excellent standard in the
vacancy. Something that was reflected in the RQIA un8n￿U￿Ced inspection where no improvements were
required.
The client losses in late 2023 remained unfilled during the most of 2024. Work is ongoing and we aTe expected to
return to full occupancy levels by Q3 2025.
Our maintenance programme continues to ensure the clients homes are nMintained to the high standards we aspire
to for them. As mentioned above the bequests allowed us to carry out some key nkaintenance upgrades to clients
properties to ensure their safe living standards remained &8 high as ￿SSIble.
Page 10

HARMONI 2019
REPORT OF THE DIRECTORS FOR THE YEAR EI¥DED 31 DECEMBER 2024
STRATEGIC REPORT: ACHIEVEMENT & PERFORIVIANCE (eontinued)
Ulility Street Hoslel..
WAth the ending of our Keys to Life programme in late 2023 we have ken working across 2024 to identify a
suitable engagement piece to meet the needs of our clients in the Hostel.
In 2024 we received 328 Tere￿a]s, due to the silting of the system and fewer options for move on we were only
able to take 81 of those referrals, so in total 132 tnen utilised the servic£. Times have changed and we have noted
a signifi￿t slowdown in tumover where the number of clients with a 5ucce5sful outcome of move on into a
tenancy has halved, in 2024 we recorded 46 successful outcornes.
This is largely due to the grinding to a halt of new affordable and suitable accommodation availability in the Nl
marketplace. Private tenancies have reduced as landlords pursue more financially beneficial tenancies not linked
to housing benefit. Public housing througb Housing Associations hos reduced significantly from the eXp￿ted
3000+ units in 2024 to 450. This is linked to a range of i&sues from service utilities being over capacity in some
areas stalling new builds, to grants from NTHE for new Social Housing builds being limtted due to overall budget
The silver lining to tbis scen2TiO however Iw been a new drive by the HanDont eX￿UtiVe to become part of the
solution to the housing need. We are therefore working up into 2025 a new approach which we hope will see
Harniont becotne a landlord in the future ard provide housing directly to our clients who are Teady to leave Utility
Street. This audacious goal will be a multi-year projecL but we are detern)ined to assist our clients move on.
Public Benefit
The director5 Confrn that they have had due regard for the guida￿¢ produced on Public Benefit by the Charity
Conmiission for Nortbern ]￿land, and are pleased to report tbat during 2023 they have contsnued to meet the
Public Benefit requirement &8 follows:
The core activity for HARMON12019 15 the relief of povety. illness, sickness and suifering to those living with
si¢l(ness, disability. poverty or social circumstances. All our engagement activities have been with individuals
from one or a range of these groups. The organisation Iw sought to revive these impacts fwstly by Providing
suitable and appropriate accommodation, be that An Supported Independent livxng or Hostel provision. The
organisation sces that provision as the slart of our service interventio
From that point forward, we seek to ￿eate a person-centred provision that is Co&￿15allt of the individual's need,
Many of our residents and seTvi¢e users have those needs identified through professional assessment, either from
the health care trusts or other social services. For others it is the skill and experience of the support staff which
assists the individual to articulats those needs.
Page 11

HARMONI 2019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 3] DECEMBER 2024
STRATEGIC REPORT . ACHtEVEMENf & PERFORMANCE (continued)
Our core model remains a￿0￿modatIon-b&￿ed care and suppor¢ subject to service engagement. We continue to
believe that the most important element for all our clients remains ensuring a safe and secure place to live. This
delivers consistency in wbat has for some of our clients been a chaotic life to date.
Those foT whom the need is centred on personal care are provided with a bespoke care and support daily living
plan which centres around their personal llecd5. This is achieved in conjunction with the South East Health Trust
care n￿lag¢mellt teams to ensure the as5e55ed needs are met Next of kin and farnily Provide valuable input to
those requirements in the care plan development stage. Further support is designed to enable the client to live as
independently ￿ they wish or are capable of. All these plans aTe 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 thetn in achieving their sliort-terni goals which are ainjed at delivering a longer tem goal, in the case of our
clients in Utility Street this is independent living in a place of their choosing.
For many of our service users the reality is that theAr experience with HARMONI 2019 is about small steps and
personal capacity I capability building- Many of our residents a￿1 families have seen a marked improvement in
the individuals, engagement and socialisation skills and their ability to communicate their wants arjd needs
personally.
HARMON12019 works closely with multiple statutory bodies to ensure we plan for and deliver suitsble and
sUcKesS￿l outcomes for each and every one of our service users. This joined up approach ensures that the overall
public benefjt is delivered where service users have longevity a[￿ consistency and therefore tend not to move
between other agencies or service provisions.
Page 12

IIARMONI 2019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2024
FINANCKAL REVIEW
HARMON12019 is a unique Organisatio￿ not least because of the diverse nature of the service users but also
because of the blended ftmding sourees for our service delivery. Harnioni is very grateful to the Northern Ireland
Housing Executive and the South-Eastern Health and Social Care TrusL being the principal funders of tbese
activities.
The directors note that there is a total Net Income for 2024 of £762.630, wmpared to Net Income of £199,159 in
2023.
The director5 also note that the charity remains in positive position in tern￿ of generation of a surplus from
operating activitie5. 2024 saw N& Income from Operdtional Activities of £579,812, with a figure of £77,357
reflected in 2023.
The main points of note are-
Incoming Resources have increased by £496,557 (13.40/0)
Increase in legacies and donations income of £456.908 (No legacies received in 2023; Iwo difftrent
legacies received in 2024}.
Increase in itivesttnent I￿ome of £4.842 (Inciease of 3.3 0/0).
Increase in income from clwitable activities of £34.807 (Increase 010.980/0). Mu¢h of this increase
relates to infiationary uplifts Harnioni received in respect of sotne funding streams.
Expenditure has decreased by £5,898 (0.160/0)
Increas¢ in investm¢nt management costs of £17,759 (340/0) in respect of refurbishment costs of one of
the apartments in the investment property held at Derryvolgie Mews.
Decrease itt expenditure on charitable activities of £23.657 (0.66% ). Costs continued to increase across
211 deparknents and expense types, with significant incre&8es in wages and SaI￿leS (NLW increase of
9.7 % ) and repairs. But also, in the year there was a significant Yeduction in agency costs as the overall
supportlcare requirement reduced to the number of voids on site. In addition, 2024 had no costs related to
th¢ Keys to Lifc programme at Utility St Hostel.
In 2024 the organisation saw a gain on the revaluation of inveslment assets of £182.818. This Telates to the value
of ￿￿ent asset investsnts (gain on revaluation of £81818) and the revaluation on fixed asset investhlertts nkallt
an uplift in the value of the Properties held of £lOO,000.
The net effect of these movements is that the charity returned a Net Income figure of £762,630 in 2024.
This gives reserves carried forward on the balance sheet at the end of tlle year comprising Restricted Funds
caffied forward of £59,752 (2023: £65,414) and Unrestricted Funds of £7,638,917 (202i: £6,870,625). The
Unrestricted funds carried forward comprise Investment Revaluation Reserves of £2,075.857 and General Funds
of £5,563,060.
The balance sheet of the clwity remains strong* with current assets. including current asset invesknents,
comfortably exceeding current liabilities by £3,766,921.
Page 13

HARMONI 2019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2024
FINANCIAL REVtEW (continued)
During the year. our income came from the following sources:
Income for the year ended 31 December 2024
Donations and
Legacies
11%
Investments
4Y.
Charitable
Activities
85%
Donations and Legacies
Investments
Charitable Attivities
This income then allowed us to achieve our ain￿ and objectives for the orgaDisation through making the
following expenditure -
Expenditure for the year ended 31 December
Grant Fundrarsing
2024
Investments Mgt
Costs
2%
Charitable
Activities
98%
Gr3nt Fundraising
Investments hAgt Costs
Charitable Activities
Page 14

HARMONI 2019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2024
Reserves Policy
HARMON12019 aims to maintain a level of resources that match the needs of the Organisatio￿ both now, and in
the foreseeable ￿ture.
The two n￿1n objxtives are that-
the available reserves ensure that the activities of the organisation could continue in the face of any
unexpected reduction I￿ or loss of, a particular incoft￿ stream, while allowing the organisation time to
seek
alternative funds or restructurelcut costs.
the available reserves allow the organisation to progress with the service development plan laid out in the
strategic plan 2022-2025.
The Dir￿tOrs assess the risks that HARMONI 2019 could be exposed to, and the appropriate level of reserves
that should be maintained.
The current assessment of the target range of free reserves- fi￿dS 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 ¢arryirAg out their assessment of reseryes the Directors exclude the fixed asset fund of £2.4m because this
represents funGtionaL operdtioaal assets within the organisation that could not be realised quickly, restricted
reserves of £0.059m whicb have TestrictioJL8 placed over the use of funds by the individual fLmdeTS, and the
investment property value of £1.635m which is used as mortgage security for the original long-tern] loan. After
ex¢ludiDg the f￿(ed asset fi￿d this leaves free reserves of £3.58m.
In the strategic plan 2022-2025 the Directors have identifid several key projects to investigate. They have also
identified the need to build and D￿intain appropriate reserves to cany out these plans.
This is to ensure that the organisation can grow and develop while nThintaining the range of serviceslactivities,
and in time the re5erve5 should return to a level equivalent to the equivalent of 6 months Tunning costs.
InV￿t￿ellt Policy
The Directors have agreed an investtnent policy within the powers provided to them under the Articles of
Association of the organisation. The organisation has a long-establisbed balanced approach towards investment
risk, with the need to both protect and grow the CI￿ltieS assets for all service users. Therefore, the Directors
defme the orgaDisation's expe¢ted investmeot profile to be balanced. with a desir¢ to grow, but also protect the
apital invested, whilst providing a use￿1 source of income from dividends.
The Directors wish the portfolio lo represent a balanced spread of invesitnents in equities and fixed interest
securities and bonds.
The investment portfolio was managed during the year under review by Evelyn and Partners alongside Abrdn
(fornierly Aberdeen Standard Capital} (on behalf of the Northern Ireland Central tnvestment Fund for Charities).
All are professional investment managen￿t companies in g(x)d standing and regulated by the Financial Conduct
Authority.
As a charity with a strong Evangelical Christian beiitage, the ethos of which casts a guiding shadow across the
organisation's mornl position, the Directors have advised the investment managers that the organisation do not
wish to invest in the following:
Alcohol or tobacco trades
Arnjs and ttwnitions trades
The perforM8￿ce of the investtnent portfolio is monitored regularly by the Directors. In the year under r¢view the
investments Continued to perforn] well and in line with objectives providing a good level of dividend income.
Page 15

HARMONT 2019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2024 (tontinued)
PLANS FOR FUTURE DEVELOPMENT
Throughout 2024 we prepared a study on potential diversification on the Bangor site. This diversifL¢ation was to
deterniine if it would b¢ fe&sible for HarnionJ to build and operate a day service for clients both on site and those
who are housed &xternally to Harn]onI.
We carried out background research into the requirements and the needs. Arnied with a belief in the data that a
real need existed in our locale, we engaged our architect to produce a scheme and a costing. We tben reviewed
that 5¢heme using a simple gearing concept to determine the minimum and maximum build cost parameters we
would use for our business Case rnodelling. Regrettably wI￿n we reviewed & business case on the data it was clear
that such a serYi¢e while desirable would not be financially viable. In reality the costs to build the Property could
not be met from within the fllMicial delivery model making the risk too high for the charity. Further the local trust
were not of the belief that their funding parametsrs would expand to provide per person fill￿illg required for
clients with disabilities.
As a re5uIL and in the absence of any major fimding streams for capital build, the Trustees regrettably shelved the
idea.
In Nov 2024 the CEO produced an options review paper which the board met to carry out a deep dive into in
January 2025. As a resulL the Trustees have agreed to take the fwst tentative steps towards the development of the
12 apartments from the original Care village scheme and secure p1ar￿1Thg pernii5sion for those.
THANKS AND APPRECIATION
HARMONI 2019 would like to place on record their thanks and apprttiation for:
The continued funding Provided by the Health Trusts and the Northern Ireland Housing Executive towards the
cost of providing vital services ID Strickland's Care Village 3JMI the Men's Hostel.
The Dornwit Accounts Fund Nl for the funding to facilitate the ￿searCh project.
Those many organisations and individvals who n￿de donation5 of money, goo(Ls and time to the clients at the
Hostel.
The legacy provided by our two bequests received in 2024, it is now and always has been our desire to honour the
generosity of individuals who have been touched by the work of the charity in the p&gL by ensuring that those
lega¢ies are used to m&ximise the seryiGes to the clients we serve.
Page 16

HARMONI 2019
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)
FIXED ASSETS
Deiails of fixed asset movement in the year are given in note 7 to the financiat ststemcnts.
Although tbe market value of the operational property is comfortably in exce55 of its amortised historic ¢ost, th¢
difference is not felt to be of signAfican¢¢ to members.
FAIR EIKPLOYMENT
The charity is committed to a policy of equal opportunities for all Gutrent and future employees. ThÈ5 policy also
includ¢s compliance with the Sex Discriminalion (Nl) Order5 1976 and 1988 and the Disability Discrimination Act
1995. These policies are inco￿orated into the Equal Opportllnity of Employment Guidelines that are adhered to by the
charity.
STATEMENT OF DIRECTORS, RFSPONSIBILrrIES
The dire¢tors are responsible for preparing the financial statements in accordance with applicable law and United
Kingdom Generally Accepted Accounting PTactice.
Cornpany law requires the directors to prepare finallcial 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 p￿parillg those
financial statements, tbe dir¢¢tors ar¢ required lo
sglert 5uitsble acGounting policies and then apply th¢m consistently.
make judgements 2nd estimates that are reasonable and prudent.
prepare tbe fmanctal statements on the going concern basis unless it is inappropriate
to presume that the company will ¢ontinue in business.
The directors are responsible for keeping proper accounting records which disGLos¢ with reasonable accurw at any
time the financial position of the wmpany and to enable them to ensure ihat the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the a55¢ts of the company and hence for tsking
reasonable 5tsp5 for the prcvention and detection of fraud and oth¢r irregularlties.
REPORT AND FINANCIAL sfATEkktENTS
This report and financial ￿aterntnts have been prepared in accordance with the Ststement of R¢¢ommended Pra¢ti¢¢:
Accounting and Reporting by Charities and in accordance with the Companies AGt 2(KI6.
AUDIT
The directors have sought to make themselves awate of any relevant audit inforn]ation and to establith that the auditors
are aware of that infonnation. Insofar as the board is aware there is no relevant audit inforniation of whiGh the
company's auditors are unaware.
AUDITOR
The external audit assignment for 2022 and the subsequcnt 5 years bas been awarded to Baker Tilley Mooney Moore
after an open cornpetitive bid process.
ON BEHALF OF THE BOARD:
SA Humphri¢s - Se¢relary
Date: .
Page 17

HARMON12019
INDEPEIWENf AUDITOR*S REPORT TO THE TRUSTEES OF HARMONI 2019
Wehave audit￿ the financial statements ofHARMONI 2019 (￿'cl￿[lab1e (1)m￿Y') fortheyear &￿ed 31 Decanber 2024
which￿)m￿￿￿ StatementofFttMnciaJ Arttvttie4 the Balan￿ SW Slatem&rtofCa8hfiows &Mlnoks tothe financiat
slat• incI￿lIng Si￿lfi￿ accouw FA)licies. The financial rqxxting franrworkthath&8 Iwi appli￿ in their
p￿￿tion is applicable law al￿ United KitEkn] Acrounting Skn)drt inc￿n￿ Financial Stath E02
Practice).
ve &true and fiir view ofthe ofthecharitable Lxxwany's affaits as at 31 Lknathr2024 and ofits incomir
fi)ropMwn
We c0ndwt￿QUra￿Jt in accorthwith tntanatiornl Strt￿ ￿jA￿l￿rtg(uK) OSAS IUKI) and applicable law. Our
rw(￿S1bIllknes under Ihose S1￿mIardS are fiMthttdwiiEd intheAudik)fs TqyxThI)ilits fr the audit ofthe fjnan¢ial
are relevantto our audit ofthe finwKial Stren￿ inthe UK I￿RUthDg the FRC'S Ethical a￿lwe have fi￿filled o
sufficient and appryriatetoprovide a EMsi4 ￿ our opinio
PIPP￿]0￿ ofthe knial stateM￿ts is appryii*e.
ind1vidL￿llY orcollectively, Inaycast significartd(xthtonthe th&itableLYq)]panls abllitytocontinue as agoing concetn fora
this reEx)
ourreto¢ we do n(rt exp￿ any fonn Ofa￿￿ conclusion11￿[s)￿ Ourwibility is to Thd Iheother it1fo￿Ort￿n￿ in
doing so, conskkr W￿ther the other infollnation is matel1￿Y jrLx)￿tlltwL1hlhe fitJanciaI Statern￿ or0urknowl￿ge
1nf0rn)atio￿ we wired torewrt trot
We have toreEx)rt inthis regard
In ow Opinio￿ ly&sed oner work inthe c(ju￿e ofthe awlit
In the lightofts knowledge and uNle￿nall￿ ofthe cb￿ltsb￿ Corn￿)y its environmtdkni￿l inth¢ L¥HKse ofd
Page 18

HARMONI 2019
INDEPENDENT AUDrroR'S REPORT TO THE TRUSTEES OF HARMON12019 (eontiDued)
to you if, in ouropinion:
]nprep￿ the financial ststen* the Dir￿￿5 Rsp)nsibk fOr￿ing the ch&itsble comFQry'S ability to Contin￿ as a
goingc4)rKerr4 disclosi￿ asaFylicabl@ nTrlleTS ￿la￿dts) going cotKemand llsingthegojngc0￿ern knis ofaccounti]]g
the trustees either intend to Iiqludatethe ckwitsble cwy orto £￿e opX*i0￿ or bave no Thlistic atternative butto do so.
high level ofa&5￿a￿ butisnot Ihatan a￿lte0nd￿￿1 ]na(wr￿ wilhISAs (UK)wlll always detect
tKIow:
We considered the opporMnities and incentives that may exist within the organisation for fraud and identified the
greatest potential for fraud in relation to revenue recognition. In common all audits under ISAS (UK), we are
also required to perfom specific procedures to respond to the risk of management override.
We also obtained an Und¢￿tandIng of the legal and regulatory frameworks that the charitable Compony operate5
focusing on provisions of those laws and regulations that had a direct effect on the determination of material
atnounts and disclosures ID the fwJan¢ial statements. The key laws and Tegulations we considered in thts context
included the UK Companies ACL and The ChaTities Act (Northern Ireland) 2008.
In additio￿ we considered provisions of other laws and regulations that do not have a direct effect on the financial
statements but compliance with which may be fundamental to the Company's ability to operate or to avoid a
material penalty, These included compliance with Financial CO￿luCt Authority r¢gulation for the UK OP¢Tating
segment and compliance with loral legislation for the overseas operating segments.
Our procedures to respond to risks identified included the following:
reviewing the financial statement disclosures and testing to supporting documentation to asses5
compliance with provisions of relevant law5 and regulations described as having a direct effect on the
fmancial statements.
enquiring of management and external legal Counsel ci)ncerning ￿tUaL and potential litigation and
Page 19

HARMONI 2019
INDEPENDENT AUDITOR?S REPORT TO THE TRUSTEKS OF HARMONI 2019 (continved)
perfonning ar]alytical procedures to identify any unusuaI OT unexpected relationships that may indicate
risks of material misstatement due to fraud.
readAng minutes of meetings of those charged with governance, reviewing internal audit reports and
reviewing regulatory corresFK)nden¢e"
in addressing the risk of fraud through management override of controls, testing the appropriateness of
joun]al entries and other adjustments. assessing whether tbe judgements D￿de in making accounting
estimates are indicative of a potential bias. and evaluating the rationale of any significant transactions
that are unusual or outside the norn]al wurse of business.
We also communicated relevant identified laws aDd regulations and potential fraud risks to all engagement team
members and remained alert to any indications of fraud or noncompliance with laws and regulations thmughout
the audit.
Be13use ofthe inhere￿ limitsts0￿% ofan i8aiid(thatwewi]Inotdelect all iryularitias, inchdingdK)se leading kn a
ht￿J/www.fi￿.org.uI￿a￿dI10￿EspOA8lb]Ittle& This d￿lpti￿ fornts prtofowauditrr'swwrt
si￿)ificant &ficiencies inintenial controlthatwt identify (knllmg ourw(tiL
Useofour repxt
ThisreEth is m&Jesolelytsthe ckwlts￿e (x)mtwry's memlKr4 as alxmty, in &o)lllance with Cbapter 3 ofPart16 oflbe
nMtt&swe atr to stste to d￿￿ inanaudtttrfs forD)01￿PU[PjSe. To fjJlleEt exkntpern]itted by law, M¢
10(on
Eimear Brown (Senior Statutory Auditor)
For and on behalf of Baker Tilly Mooney Moore
Registered Auditor
17 Clarendon Road
Clarendon Dock
Belfast
BTI 3BG
Date:
Baker Tilly Mooney Moore is e]igible to act as an auditor in teTms of section 1212 of the Compatiies Act 2006.
Page 20

HARMONI 2019
(REGISTERED COMPANY NUMBER: R000316)
{REGISTERED NORTHERN IRELAND CHARITY NUMBER: 101731)
STATEMKNT OF FINANCIAL ACTIVTTIES
(Incorporaling the Income and Expenditure Account)
FOR THE YEAR EIYDED 31 DECEMBER 2024
Note8
Restricted
Funds
Unmtrieted
Funds
31.12.2024
Total
31.12.2023
Totsl
INCOME & EfiDOWMENTS FROM:
Do]￿tionS & Legaci¢s
460,999
460,999
4.091
Investments
152,153
152.153
[47.311
Charitable Activities
868,898
1727.885
3.596.783
3,561.976
Totsl Ineome
3 341037
4 209 935
3 713378
EXPENDtruRE ON:
Raising Funds- Inv¢s¢m¢nt Manag¢meDt cO￿s
69.988
69,988
52,229
Raising Funds- Grant Fundraising
4.320
4.320
4.320
Charitable Artivities
1.035,976
1.035.976
2,519.839
3.555,815
3.579,472
Total expenditure
2.594,147
3,630.123
3.036,021
Net {Expendithre)an¢omt from operational
aetlvltles
(167,078)
746.890
579,812
77,357
Gain/(Loss) on r¢valuation of inveslment awts
N¢t {Exp¢nd1lurt￿￿CoMe
l82 818
929,708
182.818
762.630
121.802
199.159
(167.078)
Transfer betweett
21&22
161.416
(161.416)
Net MOve￿¢￿t in Fun(is
(5.662)
768,292
762.630
199,159
Reconciliation of Funds:
Total Futtds Brought Forvrnrd
21&22
65,414
6.870,625
6,936,039
6,736,880
TOTAL FUNDS CARRIED FORWARD
21&22
59.752
7 638.917
7 698,669
6 936,039
The statement of financial a¢tiviti¢s include5 all gains and losses in the year. All tll¢onLing resources expanded derive
from continuing a¢tivities.
The notes fomi part of these financial statements.
Page 21

HARMOIY12019
(REGISTERED COMPANY NUMBER: ROOQ316)
(REGISTERED NORTHERN IRELAND CHAIUTY Nu1￿BER. 101731)
BALAIYCE SIIEET
31 DECEMBER 2024
Notes
31.122024
31.12.2023
FIXED ASSETS
Tangible assels
1420,674
1.854,504
2.484.991
1.754,504
Inveslments
4275.178
4.239.495
CURRENT ASSETS
Sto¢k
io
2,195
281570
1,583
323,655
2.574,446
658,984
Debtors
li
Investments
12
2,903.343
991,019
C&sh at bank and in hand
4.179,127
3.558,668
CREDfTOKS
Amounts falling due wtthin one ye8r
13
41
206
408.982
ET CURREiYf ASSETS
3 766 921
3 149.686
TOTAL A￿ETs CURRENT
LIABIUTIES
8.042,099
7.389.181
CREDITORS
Amount5 falling due after more than one year
14
453 142
NET ASSETS
20
7 698 669
6 936 039
Restrict¢d Funds
21
65,414
Unreilri¢t¢d Fulld•
Revaluation ReSe￿e
2.075,857
5.563.060
1.893,039
4.977,586
6,870,625
6.936,039
Gener￿ Furld
7.638,917
7,698,669
The financial stat¢mcnts were authorised for issue by the Board of Directors on ....... .
signed on its behalf by:
. and were
aSrA...........................
Director- D Mcllhagger
The noles forni part of these financial statements.
Page 22

HARMON12019
STATEMENT OF CASHFLOWS
FOR THE YEAR ENDED 31 DECEIVIBER 2024
31.12.2024
31.12.2023
Cash generatedl (used) in operating activities- see Note 25
134,081
8,979
Cashflows from Invtltittg *etivilies
Purchase of tangible fLKed assets
Purch&8e of current asset inveslmenls
Proceeds from sale of cuttent assrt itlvestments
Investment incom¢
Bank deposit interest
Pro¢¢eds from diswsal of tsngible fixed ￿ets
Cash receipts frotn rentsls of investtDcnt properties
Cash (usedyprovided by investing activities
(44.435)
(1.545 J32)
1.299.253
72.784
2,799
500
76.570
(137061)
(4.318)
(546.838)
274,162
72.151
ioi
75,060
(129,682)
Cashflows from finantillz Attfvltks
Rcpayment of bank loan
Baj￿ property fmance loan interest
Legacies and Subscriptions
Net cash generatedl{llsed) in fln#tttitig attivities
(106.715)
(14,852)
457.382
335015
{103,917)
(17,629)
1,856
(119,690)
Increase in cash & &gslA equlv*leDts IA the year
Cash & cash cquivalcnts at the beginning of the year
Cash & cash ¢quivalellts at the end of the yeAr
332,035
658,984
991,019
(240,393)
899J77
658984
Analysis of cash & cash equivalents
Cgsh at bank and in iwid
Totxl easb & cash equivalents
991,019
991,019
658,984
658984
Page 23

HARMONI 2019
NOTES TO THE FINAIYCIAL STATEMEN15
FOR THE YEAR ENDED 31 DECEMBER 2024
I. ACCOUNTING POLICIES
Basis of preparing the financial statements
The fmancial statements of this public benefit entity have been prepared in ao¢ordan¢e with Acwunting and
Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable ID the UK and the Republic of Ireland (FRS 102)
(effective l January 2015)- (Charites SORP (FRS 102). the Financial Reporting Standard applicable in the UK and
the Republic of Ireland (FRS 102) and the Companies Act 2006.
Fund Accounting
Unrestrict¢d filnds are available for use at the discTetion of the directors in ￿rther￿nCe of the general
objectives of the charity. Unrestricted funds include revaluation reserves representing the restaternent of
investm¢ot ass¢ts (both fixed and current) at market V￿U¢S.
Whilst there are none to date. Designaled fimds are unrestricted funds earniarked by the director5 for particular
purposes.
Restrieted thnds receivable fTOm the Northern treland Housing Executive for their Supporting People
Programm¢ operating ÉD both Stricklands Bay and th¢ M¢n'5 Hostel are subject lo restrictions on their
expenditure, imposed by the donor.
Income
All incoming resources are included in the stat¢m¢nt of financial aGtivities when the charity is entitled to the income
and the amount can be quantified with reasonable a¢¢urncy. The following specific policies are applied to particular
categories of inc4)nLe.'
Voluntary income is received by way of donation4 legacies and gifts and is included in fvll in the Statement of
Financial Activities when receivable. Legacies are accoutttsd for following entitlement. Grant5, where
entitlement is not conditional on tbe delivery of a 5pwifiG perfonD8nce by the charity, are recognised when
the clwity becomes unconditionally entitled to the granL
Investment in¢ome is included when ttceivable.
Incoming resources from grants, where related to perforniance and specifiG deliverables, ￿e accounted for as
the charity earns the right to consideration by its perforn)&nce- split between Restricted and Unrestricted
funds.
Expenditure
Exp¢uditure is recognised on an accruals basis as a liability is incurred. Expendiiure includes any VAT which
cannot be fully recovered, and is reported &$ part of the expenditure to which it relates:
Raistng funds costs comprise the costs associated with the charity's investmcnt property, current ￿Set
investtn¢nts and the Gost of grant applications.
Charitable expenditUTe comprises those costs incurred by the charity in the delivery of its activitie5 and
services for its beneficiaries. It includes both costs that be allocated directly to such activities and
those costs of an indirect nature necessary to support them- split between Restricted and Unrestricted funds.
GoVern￿Ce costs include those &sso¢iated w£th meeting the constitutional and stathtory requirements of the
charÈty and include th¢ audit fces and costs linked to the strategic management of the charity.
All costs are allocated between the expendilure categori¢s of the SOFA on a basis designed to reflect the use of
the resource. Costs relating 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 FLYANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
I. ACCOUNTING POLICIES (continued)
Tangible fixed assets {exeluding InvestmeDt property)
Depreciation is PTovided at the following annual rate5 ID order to write off each asset over its estimated useful life..
Freehold propety
ImprovellL¢uts to property
Short leasehold
- 2Yo on cost
1511/0 on cost
- IO%on cost
Long leasehold
Fixtures and fittings
Motor vehicles
- 2% on cost
IO% on cost
- 250/0 reducing balance
- 33% on cost
Con]puter equipment
The cost of &gsets comprises purchase price and any installation charges.
Pensions
Retirement benefits to certain current employees are provided by a definejj ¢iJntribution p¢nsion scheme, under
"Auto-Enrotmenf, whereby the assets are held separatety from thos¢ of th¢ charity in independently administered
funds. The charity contributions are accounted for by charging ¢osts against surpluses as payments accrne.
In addition, unfunded payments are made to GertaiD forn]er employees who were members of the old def￿¢d benefit
scheme, which is now Closed. These are charged as payments are made. The capitsl cost of continuing these
payments. wbich has not been computed. is not ttflected as a liabliity in the accounts.
The accounting for unfunded pension payments is considered to be an immaterial departure from Financial
Reporting Standard l 02.
Operating Leases
Harnioni classifies the lease of office equipment as operating leases. The title to the equiprnent remains with the
lessor and the equipment is repla¢ed periodi¢ally. Renthi charges ate charged to the SOFA on a straigbt-lin¢ basis
over th¢ terjn of the lease.
Investment Properties
Investment properties are initially measured at cost. including transaction costs. Subsequently those investment
properties whose fair value ran b¢ m¢a5UT¢d reliably are measured at fair value. Gains and losses arising
from changes in the fair value of investment properties are Tecognised in the revaluation reserve througb
gainsnosses on revaluation of investments in the Statement of Financial A¢tivitie5.
Stock
Stock held relates to food stock held thr the kitchen in Men's Hostel. Stock is valued at the lower of c05t and net
realisable value.
Page 25

HARMONK 2019
IYOTES TO THE FINANCIAL STATEMEL¥TS (continued)
FOR THE YEAR ENDED 31 DECEIVIBER 2024
I. ACCOUNTING POLICIES (continued)
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments
ar¢ valued at the amount prepaid net of any trade discounts due.
Creditors
Creditor5 and provÉsions are re￿gnISed where the charity h&$ a present obligation Tesulting from a past event that
will probably result in the transfer of funds to a third party and the amount due to settle tbe obligatloll can be
measured or ¢$timat¢d reliably, Creditor5 are nornially recognised at their settlement amount after allowlng for any
trade discounts due.
Financial Instruments
Harnioni only has financial ass¢ts and financial liabilities of a kind that qualify as basic fmancial instruments.
Basi¢ financial instnllnents are initially reCogni￿d at transaction value and subsequently measured at their
settlement value.
Current asset IDvestments
Current &sset investments are recogniscd initially at fair value. which is nornially the transaction price.
Subsequently they are measured at fair value. with changes recognised in the revaluation reserve through
gainsllosses on revaluation of investments in the Statement of Financial Activities if the investments are publicly
traded or their fair value can otherwise be me&8ur¢d reliably. Other investments are measured at fair value at the
date of acquisition less impairmenL
Judg¢m¢nts key sources of ¢stimatioD uncertainty
The following judgments including those involving estimates have been made in the process of applying the above
accounting policies that have had the most significant effect on the amounts recognised in the finan¢ial statements
and that hav¢ a 5igDifJGant risk of Gausing a material adjustment to the ¢arrying amounts of assets and liabilities
within the next financial year-
(i) Depreciation method and ￿$¢t us¢ful lives
(li) Valuation of properties
(iii} tmpainnent of assets
The estimates and assumptions are reviewed on an ongoing basis considering the current and futhre n]aA(et
conditions.
Page 26

HARMONI 2019
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
2. t¥COME
31.12.2024
31.12.2023
Unrestricted Funds:
Donations and Legaeies
Legacies and donatiotL8
Subs¢riptions- Boys Brigade
Gift Aid
460.199
800
3,891
200
Total voluntary income
460,999
4.091
Invutm¢nt Incolne
Investment pyoperty rents receivable
Bank deposit iTht¢re8t reGeivable
Current asset investment income
76,570
2.799
72.784
75,059
ioi
72,151
Total Investment Jncomc
152,153
147,311
Income from A¢tivities to further the Cha
ob ectives:
Utility
Street
Men's
Hostel
Strlddands
Other
Tot21
31.1224
Total
31.12.23
Unrestrleted Funds
Residential receipts
Payments frotn Health Trusts
Payments from NIHE re housing
Private Support Income
SP Covid-19 Funding
129,309
56.579
1.612,218
246,094
185.888
1,612,218
916.349
175,724
1,532,686
886.342
670,255
11,731
1,926,622
1,699
1.699
13.430
2,727,885
18.612
2,613,364
799,564
Restricted Funds
Paymenls from NtHE re Supporting People 474.054
Private Support Inwme
Ulster Garden Villages Grant
Do[￿allt Accounts NI Fund
National Lottery- Covid-19
SP Covid-19 Funding
National Lottery Community Fund
Other Restricted Grants
322,116
55,912
796,170
55.912
860,209
46.268
16,276
16.276
32,551
540
540
3.768
5,816
948.612
474,594
378.028
16,276
868,898
TOTAL INCOME
4.209.935
3,713,378
Page 27

HARMONI 2019
IYOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
3. EXPENDrruRE (incl. VAT where relevant)
Utility
Street
Men's
Hostel
StricklaDds
Bay
Other
Total
31.12.24
Total
31.12.23
Unrestricted Funds
Costs directly alloc&ted to activities:
Staff ¢osts
Depre¢iation
Other
Loan interest
Support Costs allocattd by time to activities:
Administration (incl. ￿t￿C0s¢S)
324,828
2,346
369.858
l.134.225
95.607
221.748
13367
I,459.053
98,645
599,152
13.367
1.477,270
99,556
514,946
15.866
692
7.546
74,028
771,060
258.51 E
1,723.458
332,539
2,502.756
323.614
2,431,252
8,238
External audit and accountancy- currenl year
External audit and accountan¢y- prior year
Internal audit
Legal and professional
6,600
6,000
600
3,000
31,717
41,917
2,473,169
3.240
7.243
17,083
2,519.839
Total Unrestricted Exp¢llditur¢ On charitable aclivilie5
Investment Management Costs:
Re investment property
Re current asset investments
59,634
10,354
69.988
38,590
13,639
52,229
Grant fundraising costs".
4,320
4.320
Restrict
Costs directly auoeated to getivltl£8:
Men's
Hostel
Strieklands
Bay
Other
Total
31.12.24
Total
31.12.23
Staff costs
Depreciation
Other
Loan interest
Support Costs allo¢gted by tim¢ to adivities:
Administration (incl. S1￿costs}
365.120
4.685
65269
396.894
405
48.576
1,485
13,534
775,548
5.090
16,372
1.485
808,107
6229
156,413
1.763
2,527
66.978
502.052
70.503
517,863
137,481
1,035,976
133.791
1,106,303
16,061
TOTAL EXPENDITURE
3.630.123
3,636,021
Page 28

HARMON12019
NOTES TO THE FINAIYCLiL STATEM￿l¥Ts (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
4. STAFF COSTS
31.12.2024
31.12.2023
Wages and salaries
Social security costs
Other pensions costs
2,356,292
190,049
62.602
2.608,943
2,409,586
172.298
58,844
2.640.728
The average monthly number of employees during the year was &$ follows:
31.12.2024
31.12.2023
Administrative staff
Other staff
79
87
84
92
Included above is £278.670 (2023: £41 lJ39}. whith w&8 paid during th¢ year in respect of agency staff.
During 2024, there was one employee with emoluments at the rate between £IOO,001 and £110,000 (2023: one between
£90.001 and £lOO.000).
Remuneration of the 2 (2023.2) key matMgement personnel in the period was £168,272 {2023: £160,553).
5. INCOME & EXPEND￿uRE
tncome and exp¢ndTture (including VAT, where relevant) arc stated after charging (crediting):
31.122024
31.12.2023
Depreciation - owned assets
Loss on disposal of fixed assets
Operating Icase costs
External Aud & Aws ¢urrent year
External Aud & Accs prior year
Internal Audit
Bank loan interest payable
Incorne from list¢d inv¢stments
Directors, renuneration
107,987
266
3,659
6.600
109,187
4,393
6,600
600
3.000
17,629
72,151
3240
14,852
72,784
& TAXATION
Anatysls of the tax charge
Being registered with both HMRC and the Charity Commission for NOrtI￿n Ireland as a charity, no liability to iJK
corpordtion tax arose on ordinary &tivities for the year ended 31 Decanber 2024, nor for the year ended 31 December
2023.
Page 29

HARMON12019
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR TILE YEAR ENDED 31 DECEMBER 2024
TANGIB￿ FIXED ASSETS
Freehold
Property
Short
Le%isehold
Long
Leasehold
COST
At January 2024
Additions
Disposals
2,883,318
9,080
1,822250
At 31 December 2024
2,883,318
9,080
1.822.250
DEPIiECIATION
At l January 2024
Charge for year
Elilninated on dÉsposal
1.030.856
57.544
9,080
1,224,238
36,180
1,088,4IKI
9,080
1,260.418
At 31 December 2024
IYET BOOK VALUE
At 31 Decemb¢r 2024
1.794.918
561832
At 31 December 2023
1852 462
598,012
TANGIBLE FIXED ASSETS (wntinued)
Fixtsres &
Fittings
Motor V¢hicks
Computer
Equipm¢nt
TotVd15
COST
At January 2024
Addition5
Disposals
241.613
17.598
9,775
24,540
2.800
25,203
2,297
2.231
4,991,239
44,435
14.261
At 31 December 2024
249 981
31.515
25.269
5.021,413
DEPRECIATION
At l January 2024
Charge for year
Eliminated on disposal
212.729
8.861
8,040
2.125
21,305
3,277
2.231
2,506,248
107,987
13.496
At 31 December 2024
212638
22,351
2,600,739
NET BOOK VALUE
At 31 December 2024
23.663
2,420,674
At 31 December 2023
1.735
2 484.991
Page 30

HARMONI 2019
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR Ell￿ED 31 DECEMBER 2024
FIXED ASSET INVESTMENT PROPERTIFS
Harmoni has two fixed asset property investments and a small ground rentaI portfolio.
The investment propertie5 at Donegall Pa￿ were revalued at faiT open tnarket value as of 4 Mar¢h 2025 by Frnzer Kidd
& Partners, Property Consultants. The directors consider this to be a fair estimate of value as of 31 December 2024.
The investmellt properties at Denyvolgie Mews were r¢valu¢d at fair open market value as of 4 March 2025 by Frazer
Kidd & Partners. Pmperty Consultants. The directors ¢onsid¢r this to be a fair estimate of value as of 31 December
2024.
The directors are of the view that no 5ignifiGant change to fair open market value hL8 arisen with the ground rents in
2024 (or 2023). The movement is summarised as follows: _
8 Apartments
(DeTryvolgie
Mews)
Oround
Rents
2024
Totsl
2023
Totsl
Investment
Property
Value at start ofthe year
1.550.000
200.OIXI
4504
1,754,504
1,699,504
In¢reas¢ ill value during the year
85.000
loo,000
55.000
Valu¢ at the end of the year
1.635 ¢]00
215,000
4.504
1,854,504
.754.504
As part of its title to Denyvolgie Mews Harmoni hol¢is the only issued voting B, slwe in an apartment manag¢]n¢nt
¢ompany, Derryvolgie Mews Managetnent Company Limited, incorporated in Northerll lTrtland to act as a property
management company for Harnioni's inveslment property "Deryvolgie M¢w5"
4 non-votlll8 'A' sbares in the company have been Assued to the owners of the other 4 aparim¢nts which were previously
sold by Harnioni.
FINANCtAL ll¥STRUMENTS
The fair valued carrying amounts of the charity's financial instruments. being debtors, current asset inv¢stfflent5,
creditors and bank loans. are given in notes I I, 1113, 14 and 15.
The only income from the charAty'5 fmanciai instrLunents is ihe bank deposit interest receivable and current asset
investment income. as disclosed under investment income in note 2.
The only expense a350ciatsd with the charity's f￿anCIal instruments is the Stricklands Bay property bank loan interes¢
as disclosed in note 3.
10. STOCK
31.112024
31.12.2023
Kitchen sto¢k at Men's Hostel
2,195
1,583
Page 31

HARMON12019
NOTES TO THE Fll¥4ANCIAL STATEMEiYfs (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
11. DEBTORS: Amouiyfs FALLING DUE WITHIN ONE YEAR
31.112024
31.12a023
Trade Debtors
Prepayments and accrned income
255.397
27.173
282.570
300,087
23,568
323,655
12. CURRENT ASSET F￿NANc￿L INVESTMENTS
31.12.2024
31.12.2023
At start of year
Additions
Disposal$
Surplusl{deficit} on disposals- teali5¢d
Unrealised (deficitysurplus
At ¢nd of year fair market valuation
2,574,446
1,545.332
(1,299.253}
25,158
57.660
2.903,343
2,234,968
546,838
(274,162)
6,955
59,847
2,574,446
Current assets investments comprise:
Listed investments
Other investments
2,768.633
134,710
2,903.343
2,444,175
130,271
2,574,446
Histori¢al ¢0st of current asset investments
2.799210
2,527,974
The fair value of listed investments is detern11n￿ by reference to th¢ir matket value as at the balance she¢t date as
provided by the Investment Managers Evelyn Partners.
The fair value of the oth¢T Investments is measured at a fair value on acquisition less impairnient.
The investment management fees in respect of the fmancial investments for 2024 were £10,354 (2023.. £13.639).
13. CREDITORS: Amouwfs FALLING DUE wfrHIN ONE YEAR
31.12.2024
31.12.2023
Bank loans (see note 15)
Trade creditors
Social security and other tsxes
Accrned expenses
109,712
103,010
39,940
159,544
412,206
106,715
95,207
38,034
169,026
408,982
Page 32

HARMONI 2019
NOTES TO THE FENANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
CREDITORS: AMOUN15 FALLING DUE AFTER MORE THAN ONE YEAR
31.12.2024
31.12.2023
Bank Loans (see note 15)
343 430
453,142
The bank loans are secured by a legal mortgage over Ham￿n1'S investhlent PlDpety known &8 "Derryvolgie Mews"
IS. LOANS
An analysis of the maturity of loans is given below-
31.12.2024
31.12.2023
Amowjts falling due within one year or on demand:
Bank loans
I09.712
106 715
109.712
106 715
Amountg falling due between one and two years:
Bank loans: 1-2 years
112827
109 712
Amounts falling due between two and five years:
Bank loans: 2-5 years
230 603
301666
Amount5 falling due in more than five y¢aT5:
Bank loans repayable in more than 5 years by iDStalm¢nts
41,764
Interest is payable on the original bank loan at 2.150/0 for 10 years. Inlerest is payable on a second bank loan at 40/0 for
10 years.
16. SECURED DEBTS
The following secured debts are includd within creditors:
31.112024
31.12.2023
Bank Loans
453.142
559.857
453 142
559,857
Th¢ bank borrowings are secured by a legal mortgage over Harn)oni's investment property known as'T)erryvolgie
Mews" and the developm¢ttt at Getgood House.
Page 33

HARMONI 2019
NOTES TO THE FtNANCtAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DEcEI￿BER 2024
17. PENSION COMMITMENrs
Th¢ cotnpany used to operate a defined benefit pension scheme wbicb h&$ now been wound up. The pension
obligations under the old scbeme are met by purchased annuities. In addition, unfunded payments are made to certain
ftirmer employees.
The company now operates a defmed contribution scheme for cerLqin current employees. The total pension costs for
the year were £61,044 (2023.. £58,844), cotnpri5ing pension scheme costs of £59.486 (2023: £58.302) and unfunded
pension payments of £1 558 (2023: £542).
18. TRANSACTIONS WITH DIRECTORS
No director emoluments were paid during the year (2023 - £Nil)
There were no transactions during the year in which any director or related party had an tnterest requiring disclosure.
19. LEGAL STATUS OF HARMONI
HARMONI 2019 is a company limited by guaratrtee, not having a share capital.
Harnioni has t&¥-exempt status with IIMRC as a cbarity and has aIso been regisiered &s a ¢hariry by the Charity
Commission for Northern treland.
Page 34

HARMONI 2019
NOTES TO THE FINANCIAL SrATE￿￿￿TS {continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
20. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tangible
Fixed
Fixed
Ass¢t
Investments
Net
Current
Assets
Loog
Terni
Liabilities
Totsl
2024
Total
2023
Unrestricted Futtds:
General
2,391.811
1,854.504
3.736.032
343.430
7.638 917
6 870 625
Restricted Funds:
NIHE Supporting People -
M¢n's Host¢l &
Stricklands Care Vill￿e
Stricklands Bay- B&ngor
B¢n¢voL¢nt Society
2,981
2,981
3,728
Men's Hostel- NIHE
Refurb. Grant 2015
1.189
23.218
24,407
26,956
National Lottery
Community Fund
3.39l
(37)
3,354
3,768
Men's Hostel- Awanls
for All Grant
583
390
973
1,097
Men's Hostel- NIHE
Re￿rb. GTant 2018
2258
(965)
1,293
1,923
Ulster CTaTd¢n Villages
17,875
17,875
18,280
Siricklands Bay- Awards
for All Oiatii
5,594
5.594
5.595
Dornlant Accounts Fund
Nl
30
30
(185)
R.U.T.H
735
735
1.323
Belfast City Council-
Equipment
2,832
(340)
2,492
2,911
Ardb&nnon Trust
18
18
18
At the end of year
2 420 674
1854 504
3.766.921
343.430
7,698.669
6,936.039
Page 35

HARMON12019
NOTES TO THE FINANCIAL STATEMEwfs (coniinued)
FOR THE YEAR ENDED 31 DECEMBER 2024
21. MOVEMEIYTS IN RESTRICTED FUNDS
At31°
December
Net
Movements
in Fund$
Transfer
from
Unrestricted
Funds
At31st
Deeemb¢r
2013
2024
NIHE Supponing Peopl¢-
Men's Hostel & Stricklands
Care Villagc
(161,416)
l61,416
StricklaJ)ds Bay- Batwr
Benevolent Socicty
3.728
(747)
2,981
Men's Hostel- NIHE
Refitrb. Grant 2015
26,956
(2,549)
24,407
Donnant Accounts Nl Fund
(185)
215
30
Men's Hoslel- Awallls for
All Grant
973
1.097
(124)
M¢n's Hostel- NIHE
Refi]rb Grant 2018
1.923
(630)
1,293
National tAJttery Community
Fund
Ulster Garden Villages
Stricklands Bay- Awards for
All Grant
3.768
(414)
3,354
18.280
5,594
(405)
17.875
5,594
R.U.T.H
1,323
2.912
(588)
{420)
735
B.C.C- Equiprnent
Ardbannon Trust
2,492
18
18
At the end of year
65.414
(167.078)
161,416
59.752
22. MOVEMENTS IN UNRESTIUCTED FUNDS
Getsernl
Fund
R¢valuation
Resery
TotAI
UDrestrieted
Funds 2024
Total
Unrestrict¢d
Funds 2023
At I. January 2024
4,977.586
,893.039
6,870.625
6,575,121
Net Income on Operational
Activities
746,890
746.890
235,048
Transfer to restricted funds
(161.416)
(161,416)
{61,346)
Investment revaluation
(LossesyGains
182.818
182,818
121,802
Al 3 Ilt December 2024
5,563.060
2,075,857
7.638.917
6,870,625
Page 36

HARMON12019
NOTES TO THE FINANCIAL STATEMEhTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
23. ANALYSIS OF REVALUATION RESERVES
Fixed
Asset
Investments
Currext
Asset
Investments
Total
Investments
Totsl
At 1° lanuary 2024
Net gainl{loss)
At 31° December 2024
1.231.218
661.821
82.818
1,893,039
1,893,039
182,818
loo.000
182,818
2.075,857
1.331218
744.639
1,975,857
24. OPERATtNG LEASE COMMITMEiYrs
2024
2023
Total future minimum lease payments utjder non-cancellabk
operating leases for office equipment are as follows:
Not later than one year
Later than one year and not later than five years
Greater than five years
2,501
1.220
3,721
25.
RECONCILIATION OF MOvE1V￿￿T IN FUNDS TO NET CASHFLOW FROM OPERATllYG
ACTIVITIES
2024
2023
Net movemeDt ID thnds- Net inwme from operational
abtiviIA¢s. <lb p¢1 Statement of Financial Aaiviiies
579012
77J57
Add back..
Depreciation ¢harge
Loss/{Profit) on sal¢ of tangible fixed assets
Bank property finance loan interest payable
107,987
266
14.852
109,187
185
17,629
Deduct:
Investtnent income shown in investing activitie5
Legacies and subscriptions show'n in financing
Cash receipts from rentals fium investment pn)perties
Bank deposit interest
(72.784)
(457.382)
(76,570)
(2,799)
(72.151)
(1.856)
(75,060}
(ioi)
(Increase) in stock
(612)
(162)
(Increase) in debtors
41,085
(98.539)
Increase in creditors, ¢xGluding bank borrowings
226
52,490
Net cash generated in operating activities,
as per Statetnent of C&shflows
134,081
79
Page 37