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COMPANY REGISTRATION NUMBER: 08972845
CHARITY REGISTRATION NUMBER: 1193837
HARMONY NP LIMITED
Company Limited by Guarantee
Unaudited Financial Statements
30 April 2024
HARMONY NP LIMITED
Company Limited by Guarantee
Financial Statements
Year ended 30 April 2024
Page
Trustees' annual report (incorporating the director's report)
1
Independent examiner's report to the trustees
4
Statement of financial activities (including income and expenditure account)
5
Statement of financial position
6
Notes to the financial statements
7
HARMONY NP LIMITED
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 30 April 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 April 2024 .
Reference and administrative details
Registered charity name
HARMONY NP LIMITED
Charity registration number
1193837
Company registration number
08972845
Principal office
27 Richmond Avenue
Prestwich
Manchester
Lancs
M25 0LZ
Registered office
47 Bury New Road
Prestwich
Manchester
Lancs
M25 9JY
The trustees
Mrs E Hoffner
Mrs SE Schauder
Mrs G Fisher
Independent examiner
Netanel Sebbag of Chartwell Accountants and Business Consultants LLP
47 Bury New Road
Prestwich
Manchester
M25 9JY
Structure, governance and management
Harmony NP Limited was incorporated on the 2nd of April 2014 as a company Limited by Guarantee with company number 08972845. It was registered as a charity with the Charities Commission on the 17th of March 2021 governed by its Memorandum and Articles. The charity registration number is 1193837.
Organisational structure
The Trustees administer the charity and they have appointed a managing director to oversee the day to day affairs.
Risk review
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust, and are satisfied that systems are in place to manage exposure to the major risks.
Objectives and activities
The objectives of the Charity are to promote for the public benefit the mental, spiritual, moral and physical development and improvement of children and young people and to provide opportunities for them to develop their full capacities and enable them to become responsible members of society so that their conditions of life may be improved.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.
Achievements and performance
Please see appendix to the accounts which shows a full breakdown of the achievements and performance of the charity.
Financial review
During the period the Charity received £88,126 in donations and income from charitable activities of £5,148. There were direct expenses of £92,936.
Principal funding sources
The Charity is dependent on charitable donations from other charities and philanthropists.
Reserves policy
The trustees have reviewed the reserves and future requirements of the charity. All future needs are considered together with any risks or contingencies that may exist. The trustees are confident that sufficient reserves will be generated to achieve the objectives of the charity.
Plans for future periods
HEALTH
" Continued help via Hormonal Health helpline and website
" To promote and distribute the 'Mind Body Health linked to Torah sources' document within Jewish communities in Britain " To continue offering Compass Meeting sessions
CHILD AND ADULT EDUCATION
" To develop an adult model of Treasure Hunt as requested by parents
" Finishing the Yahadus programme, building children psycho-spiritually via the Jewish holidays" Offering the Yahadus programme to Jewish schools in Britain
" Continued promotion of the Treasure Hunt programme
Beneficiaries will be:
" School children taught our curriculum with a spin-off effect on their teachers and families" Those within the Jewish community that want to improve their spiritual growth, health and mental well-being by learning psycho-spiritual life skills and techniques " Parents who wish to grow alongside their children in their emotional development or become a role-model for their children with regards to emotional well-being.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 19 September 2024 and signed on behalf of the board of trustees by:
Mrs E Hoffner
Trustee
HARMONY NP LIMITED
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of HARMONY NP LIMITED
Year ended 30 April 2024
I report to the trustees on my examination of the financial statements of HARMONY NP LIMITED ('the charity') for the year ended 30 April 2024.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Netanel Sebbag of Chartwell Accountants and Business Consultants LLP Independent Examiner
47 Bury New Road Prestwich Manchester M25 9JY
19 September 2024
HARMONY NP LIMITED
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 30 April 2024
2024
2023
Unrestricted funds
Total funds
Total funds
Note
£
£
£
Income and endowments
Donations and legacies
5
88,127
88,127
75,000
Charitable activities
6
5,143
5,143
Investment income
7
42
42
111
--------
--------
--------
Total income
93,312
93,312
75,111
--------
--------
--------
Expenditure
Expenditure on charitable activities
8,9
92,936
92,936
85,016
--------
--------
--------
Total expenditure
92,936
92,936
85,016
--------
--------
--------
--------
--------
--------
Net income/(expenditure) and net movement in funds
376
376
( 9,905)
--------
--------
--------
Reconciliation of funds
Total funds brought forward
5,386
5,386
15,291
--------
--------
--------
Total funds carried forward
5,762
5,762
5,386
--------
--------
--------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
HARMONY NP LIMITED
Company Limited by Guarantee
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Current assets
Cash at bank and in hand
6,969
6,713
Creditors: amounts falling due within one year
13
1,207
1,327
-------
-------
Net current assets
5,762
5,386
-------
-------
Total assets less current liabilities
5,762
5,386
-------
-------
Net assets
5,762
5,386
-------
-------
Funds of the charity
Unrestricted funds
5,762
5,386
-------
-------
Total charity funds
14
5,762
5,386
-------
-------
For the year ending 30 April 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 19 September 2024 , and are signed on behalf of the board by:
Mrs E Hoffner
Trustee
HARMONY NP LIMITED
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 47 Bury New Road, Prestwich, Manchester, Lancs, M25 9JY.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
4. Limited by guarantee
The Company is limited by guarantee and does not have share capital. In the event of winding up, the members are liable to an amount not exceeding £10.
5. Donations and legacies
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Donations
Donations type 1
88,127
88,127
75,000
75,000
--------
--------
--------
--------
6. Charitable activities
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Other income from charitable activities type 1
5,143
5,143
-------
-------
----
----
7. Investment income
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Bank interest receivable type 1
42
42
111
111
----
----
----
----
8. Expenditure on charitable activities by fund type
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Promotion of wellbeing
91,679
91,679
83,638
83,638
Support costs
1,257
1,257
1,378
1,378
--------
--------
--------
--------
92,936
92,936
85,016
85,016
--------
--------
--------
--------
9. Expenditure on charitable activities by activity type
Activities undertaken directly
Support costs
Total funds 2024
Total fund 2023
£
£
£
£
Promotion of wellbeing
91,679
91,679
83,638
Governance costs
1,257
1,257
1,378
--------
-------
--------
--------
91,679
1,257
92,936
85,016
--------
-------
--------
--------
10. Independent examination fees
2024
2023
£
£
Fees payable to the independent examiner for:
Independent examination of the financial statements
220
220
----
----
11. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024
2023
£
£
Wages and salaries
37,190
31,977
Other employee benefits
129
--------
--------
37,190
32,106
--------
--------
The average head count of employees during the year was 2 (2023: 2 ).
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
13. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
1,207
1,327
-------
-------
14. Analysis of charitable funds
Unrestricted funds
At 1 May 2023
Income
Expenditure
At 30 April 2024
£
£
£
£
General funds
5,386
93,312
(92,936)
5,762
-------
--------
--------
-------
At 1 May 2022
Income
Expenditure
At 30 April 2023
£
£
£
£
General funds
15,291
75,111
(85,016)
5,386
--------
--------
--------
-------
15. Analysis of net assets between funds
Unrestricted Funds
Total Funds 2024
£
£
Current assets
6,969
6,969
Creditors less than 1 year
(1,207)
(1,207)
-------
-------
Net assets
5,762
5,762
-------
-------
Unrestricted Funds
Total Funds 2023
£
£
Current assets
6,713
6,713
Creditors less than 1 year
(1,327)
(1,327)
-------
-------
Net assets
5,386
5,386
-------
-------
16. Related parties
The company was under the control of the board of directors throughout the current year. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.