The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The Trustees' Report contains the information required to be provided in the Trustees' Annual Report under the Statement of Recommended Practice (SORP) guidelines. The trustees of the charity are also charity trustees for the purpose of charity law and under the charity's constitution are known as members of the board of trustees.

In this report the trustees of Harmony Variety Clubs Limited present a summary of its purpose, governance, activities, achievements and finances for the financial year 31 March 2025.

Harmony is a voluntary based fully integrated performing arts group, specialising in activities including singing and dancing to technical and prop making for the disadvantaged and all others that can care and share in the community.

Through Harmony we offer the young and the not so young, opportunities to discover talents and develop skills which in turn will enable them to grow in confidence.

Our objectives are:

1. To promote self confidence, personal development and social awareness through teaching children, young people and adults of all abilities

2. To teach the skills of constructing and designing theatrical sets and props, skills of stage lighting and technical work

3. To provide entertainment through performance art and technical work

4. To provide and run a centre for its activities to be also used by the local community for suitable recreational purposes

The charity runs classes & workshops for people of all ages in drama on Tuesday nights, dance on a Wednesday & music once a month via a jam night for under 18’s, as well as production classes like stage lighting, videography and engineering.

Currently Harmony has around eighty people engaged on a weekly basis, all who attend the arts centre which is leased from the local authority.

We have a number of dedicated volunteers who are considered beneficiaries, they access support and mentoring as well as a sense of purpose and community. We have already seen volunteer benefits in building community, confidence, friendships, and professional partnerships. Our attendees say they ‘feel at home here’ and that we provide a ‘great environment, that's welcoming and judgment free’.

Although we focus on creative skills and building confidence and resilience through performance-based workshops, we also access funds that allow us to support our community in other ways.

Reserves are held in order to cover 6 months overheads and we are building funds in order to be able to recruit members of staff to assist with the day-to-day operations and grant applications.

The total reserves amounted to £32,028, of this £20,598 are restricted, with monies to be spent on projects due to finish in 2025, and £11,430 unrestricted.

Harmony made the decision in December 2024 not to renew the least at Hillary Hall due to high overhead and maintenance costs and moved out in January 2025.

This also meant we could have better local outreach in the local town centre as Hillary Hall was difficult to get to via public transport.

Since then the landlord at Fremlin walk and council allowed us to operate on a short term basis from a unit of Fremlin walk, however in July 2025 the landlord informed us they plan to lease the unit and Harmony is now looking for a new premises to operate from, we are hoping to establish a premises in the town centre to benefit the local community.

During the year the following Trustees were paid for services provided, these were for specific works undertaken valued at market rates:

M Leathem - £1,990

N Brooker - £1,230

S McManmon - £400

SR Bevan - £40

Z Sparkle - £3,600

R Howard - £Nil

Volunteer hours amounted to:

M Leathem - 85

Z Sparkle - 1,154

R Howard - 146

Restricted funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the charity.

These include ongoing projects that will be completed in 2025.

Unrestricted funds consist of General and Designated funds.

○ General funds represent amounts which are expendable at the discretion of the board, in furtherance of the objectives of the charity.

○ Designated funds comprise unrestricted funds that the board has, at its discretion, set aside for particular purposes. These designations have an administrative purpose only, and do not legally restrict the board's discretion to apply the fund.

Income from charitable activities include income earned from the supply of services under contractual arrangements and from performance related grants which have conditions that specify the provision of particular services to be provided by the charity. Income from government and other co-funders is recognised when the charity is legally entitled to the income because it is fulfilling the conditions contained in the related funding agreements. Where a grant is received in advance, its recognition is deferred and included in creditors. Where entitlement occurs before income is received, it is accrued in debtors.

Grants from governments and other co-funders typically include one of the following types of conditions:

○ Performance based conditions: whereby the charity is contractually entitled to funding only to the extent that the core objectives of the grant agreement are achieved. Where the charity is meeting the core objectives of a grant agreement, it recognises the related expenditure, to the extent that it is reimbursable by the donor, as income.

○Time based conditions: whereby the charity is contractually entitled to funding on the condition that it is utilised in a particular period. In these cases the charity recognises the income to the extent it is utilised within the period specified in the agreement.

In the absence of such conditions, assuming that receipt is probable and the amount can be reliably measured, grant income is recognised once the charity is notified of entitlement.

Grants received towards capital expenditure are credited to the Statement of Financial Activities when received or receivable, whichever is earlier.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the charity's taxable income and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

The liability of the members is limited.