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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 02639512 (England and Wales) REGISTERED CHARITY NUMBER: 1010943

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

HAPPY DAYS CHILDRENS CHARITY

GB Accounting Solutions Limited Building 115 Bedford Technology Park Thurleigh Bedford Bedfordshire MK44 2YA

HAPPY DAYS CHILDRENS CHARITY

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2021

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 24
Detailed Statement of Financial Activities 25 to 26

HAPPY DAYS CHILDRENS CHARITY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 March 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The principal objectives of the Charity are:

  1. to help and educate young persons, through their leisure-time and holiday activities, so as to develop their physical, mental and spiritual capabilities that they may grow to full maturity as individuals and that their conditions of life may be improved.

  2. to advance the education of young people by the provision of facilities for holidays.

Public Benefit

The Charity exists for the public benefit and our Memorandum and Articles of Association commit us to providing respite breaks through leisure and holiday activities for children with special needs.

The Trustees have given regard to the Charity Commission's guidance on public benefit when setting the aims and objectives for the year.

The main policies adopted are respite break family holidays of a 2 - 4 night duration for children with special needs, i.e. children who are sick, disabled, abused, neglected and/or disadvantaged by poverty and children who have a life limiting condition, to a variety of destinations both in the UK and in day trips to theme parks, theatres, zoos and other attractions for groups of special needs children throughout the UK.

The children are nominated in several ways:

a) Through Social Services b) From schools/centres for children with special needs

c) From doctors, nurses and health visitors d) From parents and/or guardians

e) Support groups f) Women's refuge centres g) Other Charitable organisations

There have been no material changes in the policy of the Charity in this period.

Volunteers

The Charity receives no material donated services and places a minimal reliance on volunteers.

Page 1

HAPPY DAYS CHILDRENS CHARITY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 March 2021

ACHIEVEMENT AND PERFORMANCE

Charitable activities

This past year has been an extremely difficult time due to the pandemic. This has had a major impact on our income and in carrying out many of our activities. Despite this we are very pleased that however arduous this journey has been we have managed to carry out some activity, in the main such as cinematic theatre performances, art activities and family breaks. We look forward to increasing the number of different activities as we move forward coming out of the pandemic restrictions.

The number of children helped was 10,629 (2020: 20,692) children. 9,257 children were able to experience a performing arts production. 1,158 children went to either a theme park, zoo, animal park, seaside or place of interest. The Charity provided family breaks for 140 children and their families to various destinations across the UK. We also enabled 74 children to benefit from a group activity holiday to various centres across the UK, and also a few abroad.

We have been able to give some of the most needy and vulnerable children in our society the magic of live theatre, educational trips, outings of pure fun and excitement to many diverse attractions across the whole UK. Respite breaks were arranged for families with special needs children who were able to spend some quality time together in a more tranquil setting. Many of the children have complex medical problems and some sadly have a life limiting condition. Every positive experience that can be brought into a child's life is so valuable in what can be a very uncertain future. We wish to express our thanks and gratitude to all our donors - for their continued and invaluable support, enabling us to help a record number of children. Not forgetting any community foundations, companies, individuals and Grant Making Trusts for their kind support e.g.The Big Lottery, Awards For All and the Freemasons across the UK to name but a few.

The Charity to date has helped in excess of 307,000 children across the United Kingdom to attend many diverse attractions, to enable the children's lives to be more enriched and that they have experienced something positive that can be built on towards their future development. For many of the children it will be a first time experience outside of their normal environment, which will broaden their outlook and help improve their social skills.

We are very grateful for the continued support in the coming year from various trusts, companies and individuals. We are determined to reach as many children as possible who need our help. We are pleased to hear positive feedback from families and groups who have had family breaks and outings. This helps us to evaluate the work we do and that we can ensure that the types of activities undertaken are of great benefit to the children, not just with the immediate effect but with the longer term benefit of renewed strength of spirit, positive well being, confidence and forward going thinking. Happy Days is very keen to benefit as many children from poor socio-economic backgrounds and minority groups, thereby creating harmony and integration into the community.

As we approach the new financial year we do so with optimism and determination that we will help more children whose daily routine and world have been turned upside down over the past year and are in great need of a positive experience to improve their well being.

FINANCIAL REVIEW

Reserves policy

Reserves now stand at 5 months of expenditure part of which is for future activity as we move away from current restrictions and to ensure that the charity has sufficient funds in place once the furlough scheme and any other government support has come to an end.

Page 2

HAPPY DAYS CHILDRENS CHARITY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 March 2021

FINANCIAL REVIEW

Total incoming resources for the year ended 31st March 2021 amounted to £677,747 (2020: £886,350). Total payment and support costs for respite break family holidays and leisure time activities of £281,361 were expended during the year to 31st March 2021 (2020: £551,432). At the year end Unrestricted Funds carried forward amounted to £230,593 (2020: £191,445. Total restricted income was £303,632 of which £168,355 was expended during the year. This left an unexpended balance of £196,730 at 31st March 2021 (2020: £61,453).

The Charity took out a bounce back loan of £50,000 which is showing in the reserves at the year end and it our intention to pay this back in full in the summer of 2021.

Happy Days is very dependent on income from the general public and business sector alike. Happy Days does not benefit from local government grants and is solely dependent on its own fundraising.

The charity's funds have been applied as follows:

  1. To provide funding towards residential activity for groups of special needs children within the accepted criteria..

  2. To provide day trips/group outings to children within the accepted criteria.

  3. To provide trips to performing arts productions and visiting theatre performances to children within the accepted criteria.

  4. To the running costs of the families and day trips department which enables the above activity to take place.

  5. To the costs of the Charity's fundraising activity and further expanding the fundraising activity.

  6. To pay for the running of the Charity.

  7. To setting aside sufficient reserves which may be called upon in the eventuality of priority cases, or an emergency such as the recent pandemic..

FUTURE PLANS

The Charity remains cautious in the present financial climate, but still hopes to help more children in the next year, and will be seeking to gain new donors. This will help to create a steady income for the Charity. Happy Days is looking forward to working with corporate sponsors and grant making trusts and for many children to benefit as a result.

The Charity intends to help groups of children who are suffering from life-limiting conditions by way of wonderful days out in addition to the holidays presently undertaken.

The demand for help for children falling into the Charity's criteria is ever on the increase. The Charity intends to continue its policy for increasing the amount of day trips/group outings. The trustees wish to see children benefiting from inner city areas and minority groups and are keen to invite applications from such groups, thereby creating harmony and integration into the community. The Charity wishes to encourage the referrals of families with children who have special needs on low incomes/in receipt of benefits to apply for assistance. We also wish to see the children benefiting from the day trip activity to be more involved in the actual planning and evaluating of the trip activity.

It is felt that providing such activities for the children within the criteria stated, who are often in despair, will help promote greater spiritual well being. This will encourage renewed energy and determination to tackle the ongoing situation or to continue to cope with tragic circumstances.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The company was incorporated on 21st August 1991, as a company limited by guarantee, not having a share capital and being a registered charity in England and Wales. The governing document of the company is its Memorandum and Articles.

Page 3

HAPPY DAYS CHILDRENS CHARITY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 March 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

The Charity seeks to have on its board, members with the right skills set to enable it to be managed in an effective manner. Any new appointment is made at a properly constituted trustees' meeting.

Organisational structure

The Chief Executive of the Charity is supported by two senior managers in the day to day running of the Charity. These are the Director of Fundraising and the Fundraising Manager. There is full support from an administration team. Only senior managers and administration members have authority limits for ordering purposes which are: £250 - £500. Authorisation of any commitments up to £1,000 need to be approved by the Chief Executive and commitments above £1,000 can only be entered into when signed off by a trustee.

Induction and training of new trustees

New trustees receive the necessary induction in regard to responsibilities and visit the office of the Charity to meet all members of staff, looking through the charity literature including recent accounts and minutes of trustees' meetings and finally meeting with Senior Management and existing trustees.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

02639512 (England and Wales)

Registered Charity number

1010943

Registered office

Unit 6 & 7 The Glover Centre 23 - 25 Bury Mead Road Hitchin Hertfordshire SG5 1RP

Trustees

Mrs D E May Mrs R Rees Mrs B G Russell Mr J Selmes

Company Secretary

Mrs B G Russell

Independent Examiner

Gerald Bygraves FMAAT GB Accounting Solutions Limited Building 115 Bedford Technology Park Thurleigh Bedford Bedfordshire MK44 2YA

Page 4

HAPPY DAYS CHILDRENS CHARITY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 March 2021

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Charitable activities
4
Holidays and outings
-
Administration
103,933
Activities for generating funds
2
269,756
Investment income
3
426
Total
374,115
EXPENDITURE ON
Raising funds
5
98,866
Charitable activities
6
Holidays and outings
113,006
Administration
123,095
Total
334,967
NET INCOME
39,148
RECONCILIATION OF FUNDS
Total funds brought forward
191,445
TOTAL FUNDS CARRIED FORWARD
230,593		 Restricted
funds
£
303,632
-
-
-
303,632
-
168,355
-
168,355
135,277
61,453
196,730		 31.3.21
Total
funds
£
303,632
103,933
269,756
426
677,747
98,866
281,361
123,095
503,322
174,425
252,898
427,323		 31.3.20
Total
funds
£
429,001
-
456,696
653
886,350
136,166
551,432
183,637
871,235
15,115
237,783
252,898

The notes form part of these financial statements

Page 7

HAPPY DAYS CHILDRENS CHARITY

BALANCE SHEET 31 March 2021

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
13
25,840
CURRENT ASSETS
Debtors
14
53,903
Cash at bank
244,213
298,116
CREDITORS
Amounts falling due within one year
15
(74,959)
NET CURRENT ASSETS
223,157
TOTAL ASSETS LESS CURRENT
LIABILITIES
248,997
CREDITORS
Amounts falling due after more than one year
16
(18,404)
NET ASSETS
230,593
FUNDS
19
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
196,730
196,730
-
196,730
196,730
-
196,730		 31.3.21
Total
funds
£
25,840
53,903
440,943
494,846
(74,959)
419,887
445,727
(18,404)
427,323
230,593
196,730
427,323		 31.3.20
Total
funds
£
18,741
25,000
245,612
270,612
(21,471)
249,141
267,882
(14,984)
252,898
191,445
61,453
252,898

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 8

HAPPY DAYS CHILDRENS CHARITY

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 March 2021

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest element of hire purchase payments
paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
Net cash (used in)/provided by investing activities
Cash flows from financing activities
New loans in year
Capital repayments in year
Net cash provided by/(used in) financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 31.3.21
£
152,782
(1,457)
151,325
(28,084)
14,169
426
(13,489)
50,000
7,495
57,495
195,331
245,612
440,943		 31.3.20
£
25,572
(797)
24,775
-
-
653
653
-
(6,786)
(6,786)
18,642
226,970
245,612

The notes form part of these financial statements

Page 10

HAPPY DAYS CHILDRENS CHARITY

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 March 2021

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
31.3.21 31.3.20
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 174,425 15,115
Adjustments for:
Depreciation charges 11,700 10,868
Profit on disposal of fixed assets (4,884) -
Interest received (426) (653)
Interest element of hire purchase and finance lease rental payments 1,457 797
(Increase)/decrease in debtors (28,903) 48,579
Decrease in creditors (587) (49,134)
Net cash provided by operations 152,782 25,572
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1/4/20 Cash flow At 31/3/21
£ £ £
Net cash
Cash at bank 245,612 195,331 440,943
245,612 195,331 440,943
Debt
Finance leases (22,567) (7,495) (30,062)
Debts falling due within 1 year - (50,000) (50,000)
(22,567) (57,495) (80,062)
Total 223,045 137,836 360,881

The notes form part of these financial statements

Page 11

HAPPY DAYS CHILDRENS CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Governance costs

The Charity has identified the major costs of governance as both external costs related to the Charity Auditors and software providers and a proportion of the costs of the Chief Executive. These salary costs have been estimated on time spent on trustee related activities.

Allocation and apportionment of costs

Staff salaries are allocated on the following basis:-

Fundraising - 34% Direct charitable expenditure - 30% Management and administration - 36%

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings - 25% on reducing balance Motor vehicles - 25% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

Page 12

HAPPY DAYS CHILDRENS CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2021

1. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the Balance Sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to the Statement of Financial Activities over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. ACTIVITIES FOR GENERATING FUNDS

Fundraising events
3.
INVESTMENT INCOME
Deposit account interest
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Holidays and outings
Government grants
Administration		 31.3.21
£
269,756
31.3.21
£
426
31.3.21
£
303,632
103,933
407,565		 31.3.20
£
456,696
31.3.20
£
653
31.3.20
£
429,001
-
429,001

continued...

Page 13

HAPPY DAYS CHILDRENS CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2021

5. RAISING FUNDS

Raising donations and legacies

Raising donations and legacies
Staff costs
Fundraising costs
Postage and stationery
Motor expenses		 31.3.21
£
89,072
3,159
5,705
930
98,866		 31.3.20
£
109,816
7,071
16,572
2,707
136,166

6. CHARITABLE ACTIVITIES COSTS

Holidays and outings
Administration
GRANTS PAYABLE
Holidays and outings
SUPPORT COSTS
Management
£
Holidays and outings
-
Administration
112,793
112,793		 Direct
Costs
£
93,699
-
93,699
Finance
£
-
6,816
6,816		 Grant
funding of
activities
Support
(see note
costs (see
7)
note 8)
£
£
168,355
19,307
-
123,095
168,355
142,402
31.3.21
£
168,355
Support
Governance
costs
costs
£
£
19,307
-
-
3,486
19,307
3,486		 Totals
£
281,361
123,095
404,456
31.3.20
£
410,193
Totals
£
19,307
123,095
142,402

7. GRANTS PAYABLE

8. SUPPORT COSTS

continued...

Page 14

HAPPY DAYS CHILDRENS CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2021

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.21 31.3.20
£ £
Depreciation - owned assets 104 104
Depreciation - assets on hire purchase contracts and finance leases 11,596 10,764
Other operating leases 21,991 43,983
Surplus on disposal of fixed assets (4,884) -

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

11. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 31.3.21
£
235,373
21,325
5,255
261,953		 31.3.20
£
278,914
24,634
10,327
313,875

The average monthly number of employees during the year was as follows:

Fundraising
Support
Administration		 31.3.21
31.3.20
3
3
3
3
3
3
9
9		 31.3.21
31.3.20
3
3
3
3
3
3
9
9
9

No employees received emoluments in excess of £60,000.

Page 15

continued...

HAPPY DAYS CHILDRENS CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2021

12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Holidays and outings
-
Activities for generating funds
456,696
Investment income
653
Total
457,349
EXPENDITURE ON
Raising funds
136,166
Charitable activities
Holidays and outings
141,239
Administration
183,637
Total
461,042
NET INCOME/(EXPENDITURE)
(3,693)
RECONCILIATION OF FUNDS
Total funds brought forward
195,138
TOTAL FUNDS CARRIED FORWARD
191,445		 Restricted
funds
£
429,001
-
-
429,001
-
410,193
-
410,193
18,808
42,645
61,453		 Total
funds
£
429,001
456,696
653
886,350
136,166
551,432
183,637
871,235
15,115
237,783
252,898

Page 16

continued...

HAPPY DAYS CHILDRENS CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2021

13. TANGIBLE FIXED ASSETS

COST
At 1 April 2020
Additions
Disposals
At 31 March 2021
DEPRECIATION
At 1 April 2020
Charge for year
Eliminated on disposal
At 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020		 Fixtures
and
fittings
£
32,402
-
-
32,402
32,091
104
-
32,195
207
311		 Motor
vehicles
£
43,052
28,084
(24,757)
46,379
24,622
11,596
(15,472)
20,746
25,633
18,430		 Totals
£
75,454
28,084
(24,757)
78,781
56,713
11,700
(15,472)
52,941
25,840
18,741

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

COST
At 1 April 2020
Additions
Disposals
At 31 March 2021
DEPRECIATION
At 1 April 2020
Charge for year
Eliminated on disposal
At 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020		 Motor
vehicles
£
43,052
28,084
(24,757)
46,379
24,622
11,596
(15,472)
20,746
25,633
18,430

continued...

Page 17

HAPPY DAYS CHILDRENS CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2021

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£ £
Other debtors 53,903 25,000
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£ £
Bank loans and overdrafts (see note 17) 50,000 -
Hire purchase (see note 18) 11,658 7,583
Social security and other taxes 6,577 6,564
Accrued expenses 6,724 7,324
74,959 21,471
16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.21 31.3.20
£ £
Hire purchase (see note 18) 18,404 14,984
17. LOANS
An analysis of the maturity of loans is given below:
31.3.21 31.3.20
£ £
Amounts falling due within one year on demand:
Bank loans 50,000 -
18. LEASING AGREEMENTS
Minimum lease payments under hire purchase fall due as follows:
31.3.21 31.3.20
£ £
Net obligations repayable:
Within one year 11,658 7,583
Between one and five years 18,404 14,984
30,062 22,567

continued...

Page 18

HAPPY DAYS CHILDRENS CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2021

19. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
North West
North East
Yorkshire
West Midlands
East Midlands
East of England
South
South East
South West
UK Wide
Scotland
Wales
Northern Ireland
TOTAL FUNDS		 At 1/4/20
£
191,445
12,945
3,000
500
11,750
1,550
500
1,000
2,400
200
11,592
15,766
250
-
61,453
252,898		 Net
movement
in funds
£
39,148
15,899
(3,000)
3,501
18,628
8,950
5,700
4,300
18,724
10,258
40,625
6,192
2,000
3,500
135,277
174,425		 At
31/3/21
£
230,593
28,844
-
4,001
30,378
10,500
6,200
5,300
21,124
10,458
52,217
21,958
2,250
3,500
196,730
427,323

continued...

Page 19

HAPPY DAYS CHILDRENS CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2021

19. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
North West
North East
Yorkshire
West Midlands
East Midlands
East of England
London
South
South East
South West
UK Wide
Scotland
Wales
Northern Ireland
TOTAL FUNDS		 Incoming
resources
£
374,115
51,110
8,700
9,851
41,552
23,040
9,775
800
6,550
41,483
16,462
68,943
15,758
3,250
6,358
303,632
677,747		 Resources
Movement
expended
in funds
£
£
(334,967)
39,148
(35,211)
15,899
(11,700)
(3,000)
(6,350)
3,501
(22,924)
18,628
(14,090)
8,950
(4,075)
5,700
(800)
-
(2,250)
4,300
(22,759)
18,724
(6,204)
10,258
(28,318)
40,625
(9,566)
6,192
(1,250)
2,000
(2,858)
3,500
(168,355)
135,277
(503,322)
174,425

continued...

Page 20

HAPPY DAYS CHILDRENS CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2021

19. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
North West
North East
Yorkshire
West Midlands
East Midlands
East of England
South
South East
South West
UK Wide
Scotland
Wales
TOTAL FUNDS		 At 1/4/19
£
195,138
1,500
2,500
750
2,850
958
3,000
2,200
6,487
-
13,400
9,000
-
42,645
237,783		 Net
movement
in funds
£
(3,693)
11,445
500
(250)
8,900
592
(2,500)
(1,200)
(4,087)
200
(1,808)
6,766
250
18,808
15,115		 At
31/3/20
£
191,445
12,945
3,000
500
11,750
1,550
500
1,000
2,400
200
11,592
15,766
250
61,453
252,898

continued...

Page 21

HAPPY DAYS CHILDRENS CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2021

19. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
North West
North East
Yorkshire
West Midlands
East Midlands
East of England
London
South
South East
South West
UK Wide
Scotland
Wales
Northern Ireland
TOTAL FUNDS		 Incoming
resources
£
457,349
69,125
11,900
14,688
55,822
69,967
21,293
4,798
18,891
55,050
26,705
15,642
50,974
13,146
1,000
429,001
886,350		 Resources
Movement
expended
in funds
£
£
(461,042)
(3,693)
(57,680)
11,445
(11,400)
500
(14,938)
(250)
(46,922)
8,900
(69,375)
592
(23,793)
(2,500)
(4,798)
-
(20,091)
(1,200)
(59,137)
(4,087)
(26,505)
200
(17,450)
(1,808)
(44,208)
6,766
(12,896)
250
(1,000)
-
(410,193)
18,808
(871,235)
15,115

continued...

Page 22

HAPPY DAYS CHILDRENS CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2021

19. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
North West
North East
Yorkshire
West Midlands
East Midlands
East of England
South
South East
South West
UK Wide
Scotland
Wales
Northern Ireland
TOTAL FUNDS		 At 1/4/19
£
195,138
1,500
2,500
750
2,850
958
3,000
2,200
6,487
-
13,400
9,000
-
-
42,645
237,783		 Net
movement
in funds
£
35,455
27,344
(2,500)
3,251
27,528
9,542
3,200
3,100
14,637
10,458
38,817
12,958
2,250
3,500
154,085
189,540		 At
31/3/21
£
230,593
28,844
-
4,001
30,378
10,500
6,200
5,300
21,124
10,458
52,217
21,958
2,250
3,500
196,730
427,323

continued...

Page 23

HAPPY DAYS CHILDRENS CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2021

19. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 831,464 (796,009) 35,455
Restricted funds
North West 120,235 (92,891) 27,344
North East 20,600 (23,100) (2,500)
Yorkshire 24,539 (21,288) 3,251
West Midlands 97,374 (69,846) 27,528
East Midlands 93,007 (83,465) 9,542
East of England 31,068 (27,868) 3,200
London 5,598 (5,598) -
South 25,441 (22,341) 3,100
South East 96,533 (81,896) 14,637
South West 43,167 (32,709) 10,458
UK Wide 84,585 (45,768) 38,817
Scotland 66,732 (53,774) 12,958
Wales 16,396 (14,146) 2,250
Northern Ireland 7,358 (3,858) 3,500
732,633 (578,548) 154,085
TOTAL FUNDS 1,564,097 (1,374,557 ) 189,540

20. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

21. SHARE CAPITAL

The company is limited by guarantee and has no issued share capital. The liability of members is limited to £1.

Page 24

HAPPY DAYS CHILDRENS CHARITY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 March 2021

31.3.21 31.3.20
£ £
INCOME AND ENDOWMENTS
Activities for generating funds
Fundraising events 269,756 456,696
Investment income
Deposit account interest 426 653
Charitable activities
Grants 303,632 429,001
Government grants 103,933 -
407,565 429,001
Total incoming resources 677,747 886,350
EXPENDITURE
Raising donations and legacies
Fundraising wages 80,035 94,831
Social security 7,250 8,376
Pensions 1,787 6,609
Fundraising costs 3,159 7,071
Postage and stationery 5,705 16,572
Motor expenses 930 2,707
98,866 136,166
Charitable activities
Wages 84,730 100,409
Social security 7,077 8,868
Pensions 1,892 1,859
Grants to individuals 168,355 410,193
262,054 521,329
Administration costs
Management
Wages 70,608 83,674
Social security 6,998 7,390
Pensions 1,576 1,859
Rent and service charges 14,734 29,468
Rates and insurance 1,821 1,405
Computer expenses 4,380 5,550
Carried forward 100,117 129,346

This page does not form part of the statutory financial statements

Page 25

HAPPY DAYS CHILDRENS CHARITY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 March 2021

31.3.21 31.3.20
£ £
Management
Brought forward 100,117 129,346
Repairs and renewals 3,157 3,067
Telephone 2,305 4,797
Postage and stationery 3,153 16,572
Motor expenses 930 2,707
Bank charges 1,045 1,240
Staff welfare 629 950
Hire purchase interest 1,457 797
112,793 159,476
Finance
Depreciation of tangible fixed assets 11,700 10,868
Loss on sale of tangible fixed assets (4,884) -
6,816 10,868
Support costs
Rent and service charges 7,257 14,515
Rates and insurance 898 692
Computer expenses 2,157 2,734
Repairs and renewals 1,555 1,513
Telephone 1,135 2,362
Postage and stationery 6,305 8,287
19,307 30,103
Governance costs
Accountancy and legal fees 3,486 13,293
Total resources expended 503,322 871,235
Net income 174,425 15,115

This page does not form part of the statutory financial statements

Page 26