**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 2022** ## **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 2022** |||**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 2022** 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 2022. 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 2022** ## **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 23,943 (2021: 10,629) children. 19,945 children were able to experience a performing arts production. 2,648 children went to either a theme park, zoo, animal park, seaside or place of interest. The Charity provided family breaks for 326 children and their families to various destinations across the UK. We also enabled 1024 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 320,000 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 as the furlough scheme and other government support has now ended. Page 2 **HAPPY DAYS CHILDRENS CHARITY** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 March 2022** ## **FINANCIAL REVIEW** Total incoming resources for the year ended 31st March 2022 amounted to £817,358 (2021: £677,747). Total payment and support costs for respite break family holidays and leisure time activities of £572,872 were expended during the year to 31st March 2022 (2021: £281,361). At the year end Unrestricted Funds carried forward amounted to £285,721 (2021: £230,593. Total restricted income was £410,265 of which £453,926 was expended during the year. This left an unexpended balance of £153,069 at 31st March 2022 (2021: £196,730). The Charity took out a bounce back loan of £50,000 in 2021 which has been repaid this year. 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 2022** ## **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 CHILDRETr4S CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 Marth 2022 REFEREYCE AND ADMI%ISTRATIVE DETAIIS Banker5 The CoperBlive Bartk PLC POBOX 101 l Balloon Strttt Manchester Lattcashir¢ M60 4EP &)Ilcltors Taylor Walion SoliLltors 28. 44 Aln]a Strect Luton LUI 2PL Chief Exe¢tslive Mr R Sinclair App[oV￿ by order of the board of trLLs*es on........... . IOZL .. aThJ SIgr￿ on its behalf by.. Mts B G Russell- S¢cr¢thry INDEPENDENf EXAMINER'S REPORT TO THE TRUSTEES OF HAPPY DAYS CHILDRENS CHARrrY IndependeDi ex4rninerfs re￿rt to tbe trustees of H*ppy D#)7 Childrens Cth*rity Ctbe Compan￿) I rewmt io the charity truste¢s my exatninatit￿ of the aecounts of the Comp8ny forthe year ¢nded 31 March 2022. Rtsponsibi]Itles aDd basis of re￿rt As the charity's trust¢¢s of the Cornpany (and also its d]r*tr)￿ for the of company law) you #IE rwble the Preparation of the accouttts in a￿OrdanCe wlth the requirrnts of the C(qnpat)i¢s Ad 2(bS Cthe Arf). Having ￿]SfIed myself that the acc(vJnts of the Company are requtred to audittij under Part 16 of the 2006 Act and are ell￿ble for indyndem ¢x8minatiotL I report in re5pea of my examin￿10￿ of your charity's as wied out un¢kr section 145 of the Charities Aa 2011 Cthe 2011 Ace). In canying ￿t my examt￿l)n I have followed the Direction5 given by the Charity Conllni&8i(￿ under section 145(5) Ib) of the 2011 A(1 Ind¢pendent exaMille￿5 51atement Since your charity'5 gross income exceeded £250,(W yimw examttjer must a memFtr of a listed Ix)dy. I can cot]fimi thai l am qua]ified to und¢rfake the exatnllJati¢)n E¢cause l atn a regi￿¢[ed member of FMAAT which is i)ne of the listed bodi¢& I have completed my examination. I c(YLfllrn'that matters bave ￿￿Tre to my in CODnection with the examinatkM giving me ca￿se to believe: accowrttng ￿ordS were not kept in resp￿ of the C￿npanY as reqUi￿j by section 386 ofthe A¢t' or accounts do not accord with those ￿¢0￿18. the accounts do not wmply with the accounting r4u1rem￿ts of section 396 of the 2(M)6 Ao (rthff than any examination; or the attouDts have not tr*en weFwed in acc(Ythn¢¢ with the mdh(xts and Fffinciples of the s￿￿￿1t of Recommended Pr￿l¢e for accounting and reF￿ll]g by ¢harttie5 (applicable to charities Fleparirtg their xcounts in accordance with the Financial ReFKYting Swidard applithle in the UK and Ryblic of Ireland (FRS 102)). I have no Concerns and have ¢LNne acro&s no other matteT5 in COnn￿lon with the exaMin￿10n to which attentton sI￿uld be drawn in this report in order to enable a proF¢r UTHle￿d1￿g of th¢ accounts io be reached. GeJ3ld Bygraves FMAAT GB Ac¢ounting Sotutions Limited Building 115 Bedford Tthology P Thurleigh Bedford B¢dfordshire MK44 2YA Dat¢.' HAPPY DAYS CHILDRENS CHARITY ## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 March 2022 |Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Charitable activities
4
Holidays and outings
-
Administration
42,201
Activities for generating funds
2
364,842
Investment income
3
50
Total
407,093
EXPENDITURE ON
Raising funds
5
105,052
Charitable activities
6
Holidays and outings
118,946
Administration
127,967
Total
351,965
NET INCOME/(EXPENDITURE)
55,128
RECONCILIATION OF FUNDS
Total funds brought forward
230,593
TOTAL FUNDS CARRIED FORWARD
285,721|Restricted
funds
£
410,265
-
-
-
410,265
-
453,926
-
453,926
(43,661)
196,730
153,069|31.3.22
Total
funds
£
410,265
42,201
364,842
50
817,358
105,052
572,872
127,967
805,891
11,467
427,323
438,790|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| The notes form part of these financial statements Page 7 ## HAPPY DAYS CHILDRENS CHARITY BALANCE SHEET 31 March 2022 |Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
13
32,092
CURRENT ASSETS
Debtors
14
69,683
Cash at bank
229,457
299,140
CREDITORS
Amounts falling due within one year
15
(18,033)
NET CURRENT ASSETS
281,107
TOTAL ASSETS LESS CURRENT
LIABILITIES
313,199
CREDITORS
Amounts falling due after more than one year
16
(27,478)
NET ASSETS
285,721
FUNDS
19
Unrestricted funds
Restricted funds
TOTAL FUNDS|Restricted
funds
£
-
-
153,069
153,069
-
153,069
153,069
-
153,069|31.3.22
Total
funds
£
32,092
69,683
382,526
452,209
(18,033)
434,176
466,268
(27,478)
438,790
285,721
153,069
438,790|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| |---|---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements continued... Page 8 IIAPPY DAYS CHILDREPIS CHARITY BALANCE SHEET- coniinued 31 M￿Ch 2022 These financial siarements have been Pryred in arcordanr¢ wi¢b the pwyisions app]J"cable w charitsble companie5 subjeci lo the 5tnall co]npanies regime. Th¢ finan¢ial stst¢m¢tEts w¢rt awmved by the Bogrd of Tr￿ authorisd for i55U¢ .Tr..J.vNK...laW........ a￿1 were OD its behajfby.. on MrsDEMay- rustee The D0*5 fornj tmn Orth￿ fiDwial $iairnts P4e9 HAPPY DAYS CHILDRENS CHARITY ## CASH FLOW STATEMENT FOR THE YEAR ENDED 31 March 2022 |Notes
Cash flows from operating activities
Cash generated from operations
1
Interest element of hire purchase payments
paid
Net cash (used in)/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 investing activities
Cash flows from financing activities
New loans in year
Loan repayments in year
Capital repayments in year
Net cash (used in)/provided by 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|31.3.22
£
(756)
(910)
(1,666)
(20,511)
9,710
50
(10,751)
-
(50,000)
4,000
(46,000)
(58,417)
440,943
382,526|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| |---|---|---| 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 2022 ## 1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |||31.3.22|31.3.21| |---|---|---|---| |||£|£| |Net income for the reporting period (as per the Statement of Financial|||| |Activities)||11,467|174,425| |Adjustments for:|||| |Depreciation charges||9,689|11,700| |Profit on disposal of fixed assets||(5,140)|(4,884)| |Interest received||(50)|(426)| |Interest element of hire purchase and finance lease rental payments||910|1,457| |Increase in debtors||(15,780)|(28,903)| |Decrease in creditors||(1,852)|(587)| |Net cash (used in)/provided by operations||(756)|152,782| |ANALYSIS OF CHANGES IN NET FUNDS|||| ||At 1/4/21|Cash flow|At 31/3/22| ||£|£|£| |Net cash|||| |Cash at bank|440,943|(58,417)|382,526| ||440,943|(58,417)|382,526| |Debt|||| |Finance leases|(30,062)|(4,000)|(34,062)| |Debts falling due within 1 year|(50,000)|50,000|-| ||(80,062)|46,000|(34,062)| |Total|360,881|(12,417)|348,464| ## 2. ANALYSIS OF CHANGES IN NET FUNDS 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 2022 ## 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 2022 ## 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 |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|31.3.22
£
364,842
31.3.22
£
50
31.3.22
£
410,265
42,201
452,466|31.3.21
£
269,756| |||31.3.21
£
426
31.3.21
£
303,632
103,933| |||407,565| continued... Page 13 HAPPY DAYS CHILDRENS CHARITY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2022 ## 5. RAISING FUNDS Raising donations and legacies |Raising donations and legacies||| |---|---|---| |Staff costs
Fundraising costs
Postage and stationery
Motor expenses|31.3.22
£
90,314
4,989
7,758
1,991
105,052|31.3.21
£
89,072
3,159
5,705
930| |||98,866| ## 6. CHARITABLE ACTIVITIES COSTS |6.
CHARITABLE ACTIVITIES COSTS|||| |---|---|---|---| |Holidays and outings
Administration
7.
GRANTS PAYABLE
Holidays and outings
8.
SUPPORT COSTS
Management
£
Holidays and outings
-
Administration
119,398
119,398|Direct
Costs
£
95,645
-
95,645
Finance
£
-
4,549
4,549|Grant
funding of
activities
Support
(see note
costs (see
7)
note 8)
£
£
453,926
23,301
-
127,967
453,926
151,268
31.3.22
£
453,926
Support
Governance
costs
costs
£
£
23,301
-
-
4,020
23,301
4,020|Totals
£
572,872
127,967| ||||700,839| ||||31.3.21
£
168,355| ||||Totals
£
23,301
127,967| ||||151,268| continued... Page 14 HAPPY DAYS CHILDRENS CHARITY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2022 ## 9. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): ||31.3.22|31.3.21| |---|---|---| ||£|£| |Depreciation - owned assets|104|104| |Depreciation - assets on hire purchase contracts and finance leases|9,585|11,596| |Other operating leases|28,741|21,991| |Surplus on disposal of fixed assets|(5,140)|(4,884)| ## 10. TRUSTEES' REMUNERATION AND BENEFITS There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021. ## Trustees' expenses There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021. ## 11. STAFF COSTS |STAFF COSTS||| |---|---|---| |Wages and salaries
Social security costs
Other pension costs|31.3.22
£
239,624
20,936
5,070
265,630|31.3.21
£
235,373
21,325
5,255| |||261,953| The average monthly number of employees during the year was as follows: |Fundraising
Support
Administration|31.3.22
31.3.21
3
3
3
3
3
3
9
9|31.3.22
31.3.21
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 2022 |12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Holidays and outings
-
Administration
103,933
Activities for generating funds
269,756
Investment income
426
Total
374,115
EXPENDITURE ON
Raising funds
98,866
Charitable activities
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|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| Page 16 continued... HAPPY DAYS CHILDRENS CHARITY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2022 ## 13. TANGIBLE FIXED ASSETS |COST
At 1 April 2021
Additions
Disposals
At 31 March 2022
DEPRECIATION
At 1 April 2021
Charge for year
Eliminated on disposal
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021|Fixtures
and
fittings
£
32,402
-
-
32,402
32,195
104
-
32,299
103
207|Motor
vehicles
£
46,379
20,511
(18,295)
48,595
20,746
9,585
(13,725)
16,606
31,989
25,633|Totals
£
78,781
20,511
(18,295)
80,997
52,941
9,689
(13,725)
48,905
32,092
25,840| |---|---|---|---| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |COST
At 1 April 2021
Additions
Disposals
At 31 March 2022
DEPRECIATION
At 1 April 2021
Charge for year
Eliminated on disposal
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021|Motor
vehicles
£
46,379
20,511
(18,295)
48,595
20,746
9,585
(13,725)
16,606
31,989
25,633| |---|---| continued... Page 17 HAPPY DAYS CHILDRENS CHARITY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2022 |14.|DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||| |---|---|---|---| |||31.3.22|31.3.21| |||£|£| ||Other debtors|69,683|53,903| |15.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||| |||31.3.22|31.3.21| |||£|£| ||Bank loans and overdrafts (see note 17)|-|50,000| ||Hire purchase (see note 18)|6,584|11,658| ||Social security and other taxes|4,976|6,577| ||Accrued expenses|6,473|6,724| |||18,033|74,959| |16.|CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR||| |||31.3.22|31.3.21| |||£|£| ||Hire purchase (see note 18)|27,478|18,404| |17.|LOANS||| ||An analysis of the maturity of loans is given below:||| |||31.3.22|31.3.21| |||£|£| ||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:||| |||31.3.22|31.3.21| |||£|£| ||Net obligations repayable:||| ||Within one year|6,584|11,658| ||Between one and five years|27,478|18,404| |||34,062|30,062| continued... Page 18 HAPPY DAYS CHILDRENS CHARITY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2022 ## 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 1/4/21
£
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|Net
movement
in funds
£
55,128
(14,544)
2,860
7,663
(15,478)
(2,392)
1,900
2,700
9,876
3,846
(26,667)
(12,500)
775
(1,700)
(43,661)
11,467|At
31/3/22
£
285,721
14,300
2,860
11,664
14,900
8,108
8,100
8,000
31,000
14,304
25,550
9,458
3,025
1,800| ||||153,069| ||||438,790| continued... Page 19 HAPPY DAYS CHILDRENS CHARITY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2022 ## 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
£
407,093
69,676
12,870
27,280
57,187
31,540
20,759
3,672
20,759
60,211
21,297
47,055
32,966
4,993
-
410,265
817,358|Resources
Movement
expended
in funds
£
£
(351,965)
55,128
(84,220)
(14,544)
(10,010)
2,860
(19,617)
7,663
(72,665)
(15,478)
(33,932)
(2,392)
(18,859)
1,900
(3,672)
-
(18,059)
2,700
(50,335)
9,876
(17,451)
3,846
(73,722)
(26,667)
(45,466)
(12,500)
(4,218)
775
(1,700)
(1,700)
(453,926)
(43,661)
(805,891)
11,467| |---|---|---| continued... Page 20 HAPPY DAYS CHILDRENS CHARITY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2022 ## 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
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 21 HAPPY DAYS CHILDRENS CHARITY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2022 ## 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
£
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 22 HAPPY DAYS CHILDRENS CHARITY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2022 ## 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 1/4/20
£
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
£
94,276
1,355
(140)
11,164
3,150
6,558
7,600
7,000
28,600
14,104
13,958
(6,308)
2,775
1,800
91,616
185,892|At
31/3/22
£
285,721
14,300
2,860
11,664
14,900
8,108
8,100
8,000
31,000
14,304
25,550
9,458
3,025
1,800| |---|---|---|---| ||||153,069| ||||438,790| continued... Page 23 HAPPY DAYS CHILDRENS CHARITY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2022 ## 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|781,208|(686,932)|94,276| |Restricted funds|||| |North West|120,786|(119,431)|1,355| |North East|21,570|(21,710)|(140)| |Yorkshire|37,131|(25,967)|11,164| |West Midlands|98,739|(95,589)|3,150| |East Midlands|54,580|(48,022)|6,558| |East of England|30,534|(22,934)|7,600| |London|4,472|(4,472)|-| |South|27,309|(20,309)|7,000| |South East|101,694|(73,094)|28,600| |South West|37,759|(23,655)|14,104| |UK Wide|115,998|(102,040)|13,958| |Scotland|48,724|(55,032)|(6,308)| |Wales|8,243|(5,468)|2,775| |Northern Ireland|6,358|(4,558)|1,800| ||713,897|(622,281)|91,616| |TOTAL FUNDS|1,495,105|(1,309,213 )|185,892| ## 20. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2022. ## 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 2022 ||31.3.22|31.3.21| |---|---|---| ||£|£| |INCOME AND ENDOWMENTS||| |Activities for generating funds||| |Fundraising events|364,842|269,756| |Investment income||| |Deposit account interest|50|426| |Charitable activities||| |Grants|410,265|303,632| |Government grants|42,201|103,933| ||452,466|407,565| |Total incoming resources|817,358|677,747| |EXPENDITURE||| |Raising donations and legacies||| |Fundraising wages|81,471|80,035| |Social security|7,119|7,250| |Pensions|1,724|1,787| |Fundraising costs|4,989|3,159| |Postage and stationery|7,758|5,705| |Motor expenses|1,991|930| ||105,052|98,866| |Charitable activities||| |Wages|86,284|84,730| |Social security|7,536|7,077| |Pensions|1,825|1,892| |Grants to individuals|453,926|168,355| ||549,571|262,054| |Administration costs||| |Management||| |Wages|71,869|70,608| |Social security|6,281|6,998| |Pensions|1,521|1,576| |Rent and service charges|19,161|14,734| |Rates and insurance|1,120|1,821| |Computer expenses|8,394|4,380| |Repairs and renewals|278|3,157| |Carried forward|108,624|103,274| 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 2022 ||31.3.22|31.3.21| |---|---|---| ||£|£| |Management||| |Brought forward|108,624|103,274| |Telephone|2,145|2,305| |Postage and stationery|3,879|3,153| |Motor expenses|1,991|930| |Bank charges|1,242|1,045| |Staff welfare|607|629| |Hire purchase interest|910|1,457| ||119,398|112,793| |Finance||| |Depreciation of tangible fixed assets|9,689|11,700| |Loss on sale of tangible fixed assets|(5,140)|(4,884)| ||4,549|6,816| |Support costs||| |Rent and service charges|9,580|7,257| |Rates and insurance|560|898| |Computer expenses|4,192|2,157| |Repairs and renewals|139|1,555| |Telephone|1,072|1,135| |Postage and stationery|7,758|6,305| ||23,301|19,307| |Governance costs||| |Accountancy and legal fees|4,020|3,486| |Total resources expended|805,891|503,322| |Net income|11,467|174,425| This page does not form part of the statutory financial statements Page 26