**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 2023** ## **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 2023** |||**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|23| |**Detailed Statement of Financial Activities**|24|to|25| **HAPPY DAYS CHILDRENS CHARITY** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 March 2023** 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 2023. 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 - 3 night duration and family day trips 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, residential group activity holidays and live performing arts experiences for groups of children in 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 2023** ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** We are pleased that we are recovering well following the pandemic. The charity managed to significantly increase its income through its fundraising efforts which has resulted in a larger expenditure and many more thousands of children have benefited. The number of children helped was 33,139 (2022: 23,943). 26,766 children were able to experience a performing arts production. 4,358 children went to either a theme park, zoo, animal park, seaside or place of interest. The Charity provided family breaks for 341 children and their families to various destinations across the UK. We also enabled 1,664 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 benefits for the children** ## **Visiting theatre performances and trips to the theatre** The performances teach the children about the world, about history, about geography, about people and emotions. The performances promote empathy and help the children to understand themselves and others. By experiencing live theatre the children can enhance their creativity, imagination and understanding of different perspectives and emotions. The experience of music, drama and live theatre is not one that the children usually experience. It is a very positive experience that supports positive mental health and attitudes. The children join in and engage in a very immersive opportunity. The children rarely, if ever, get to see live performing arts and so these performances are a wonderful opportunity to introduce that magic into their lives. ## **Residential group activity holidays** The residential group activity holidays enable children with disabilities to achieve their true potential through the challenge of outdoor adventurous activities in the countryside. The residential courses are individually designed to promote education, inclusion, independence and self- motivation for those with even the most severe disabilities. every young person should experience the world beyond home and classroom as an essential part of learning and personal development whatever their ability or circumstances. According to research people with complex learning needs are more susceptible to emotional and mental health conditions than the rest of the population. The growing body of evidence indicates that greater exposure to, or contact with natural environments and time spent on holiday is associated with better physical, social and emotional well- being. ## **Holidays** Caring for a child with special needs is an enormous responsibility and one taken gladly by the parents. However. a break away means that the family spend quality time together bonding, resting and having some much needed fun. They get to spend time away from their day to day cares and worries. ## **Day trips** The children go to all sorts of wonderful venues such as theatres, wildlife parks, theme parks and places of interest in towns, cities and the countryside. These opportunities help to improve their social and communication skills. The children rarely, if ever get day trips out and these are wonderful opportunities for them. These opportunities enable the children and their families to take part in an activity more often enjoyed by the wider community, thereby promoting social inclusion. Page 2 **HAPPY DAYS CHILDRENS CHARITY** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 March 2023** ## **ACHIEVEMENT AND PERFORMANCE** The Charity to date has helped in excess of 350,000 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 with special needs and disabilities to have positive experiences to improve their well-being. ## **FINANCIAL REVIEW** ## **Reserves policy** Reserves now stand at 6 months of expenditure. This is to ensure that the charity has sufficient funds in place to continue its activity. The charity had a deficit of £93,020 at the year end which was funds which we were not able to spend on activities in the previous year due to the pandemic and this was expended in the year ending 31st March 2023. Total incoming resources for the year ended 31st March 2023 amounted to £977,520 (2022: £817,358). Total payment and support costs for respite break family holidays and leisure time activities of £810,459 were expended during the year to 31st March 2023 (2022: £572,872). At the year end Unrestricted Funds carried forward amounted to £226,668 (2022: £285,721. Total restricted income was £658,444 of which £692,411 was expended during the year. This left an unexpended balance of £119,102 at 31st March 2023 (2022: £153,069). 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 provide family day trips and family holidays for children within the accepted criteria. 5. To the running costs of the families and day trips department which enables the above activity to take place. 6. To the costs of the Charity's fundraising activity and further expanding the fundraising activity. 7. To pay for the running of the Charity. 8. To setting aside sufficient reserves which may be called upon in the eventuality of priority cases, or an emergency such as the recent pandemic to continue its activity. Page 3 **HAPPY DAYS CHILDRENS CHARITY** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 March 2023** ## **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. ## **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 Page 4 HAPPY DA YS CHILDREF*S CIIARITY RF.PORT Ob THE TRUSTEFS TrOR TIIF. YF.AR Ef*DED 31 Mxrrh 2023 Trustet5 M]sDEMay Mrs R RL*S Mr5 Ll ti Russell Mrj Seitnes Company Secretary Mr5 B (J Russell Independeni Ex￿ther GerBld Hywavcs GB Accounting Soluiion5 Limited B¢dford Tec]Jnolo8y PaTk Thuri¢igh Bcdford Bedfordshire MK44 2YA B4nkers The Cwtive Bank PLC PO Box 250 Skclmersdale Lan¢ashir¢ WN86WT 50litiiors Taylor Walton Soltcitois 28- 44 AlnTr Streei Lu¢on LUI 2P1. Chief Extcutlve Mr R Sinclair 14.... fuLY Z023 Approved by orthrof the Ix)xtd of trus￿ OD. . 8fy1 on its behalf by: MT5 B G Ruwll. Secretary INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF HAPPY DAYS CHILDRENS CHARITY Ind¢pendeDt examiner's report to the trnstees of Happy DAY5 ChiklreD5 Ch*rity ('the cott)￿ny.) I rew)rt to the charity tru51tts OTr my examination of the a¢¢out)ts of the Company for theye4r ended 31 ma￿ 2013. Respon$iblli¢ks *Dd h$is of r¢port As the charity'5 trustees of the Cornpany (and a]so its dTre¢wts ￿ the of comwy knv) you ar¢ Tesp)nsibl¢ for the prep4T*ion ofth¢ a¢counts in aceordatKe with the requirements ofthe c(￿p￿leS Act 2[￿ Cthe 2(￿ ACV). H8￿n8 satisfied mys¢lf that th¢ a¢eounts of the ComrAny not requÈred to E¢ audite4J unts Part 16 of the 2C(15 Act aTLd aTe eligible for independent examin*ion. l le￿n ID resped of my examinatson of your chariws aLrounts &s calried out under S￿tIon 145 of the Chariiies Act 2011 {￿e 2011 Ad). ITh c4nyin8 ￿ my examin￿lOn I have followed the DiTKtioths given by the Charity Comrnission und¢rS¢¢tion 145151 (b) ofth¢ 2011 Act. Independemt stst¢m¢nt Since your charity's w5s Èncornc exceeded £250.OLX) your examiner must b¢ a m¢mixr of a listed t￿y. I c4n confimi that l am qualified to undertake the examin*ion knuse l am a mcmber of the A$S￿latIOn of Accounting Te¢hniciAns. which is one of th¢ iK#Jies. I have completed my examin81ion. I ￿nfi￿n rK) matters have me ￿ my attention in 0)nn￿lOn with the exfflnination giving m¢ wse to believ Iting records were not kept in ffSFttt of the Compgny ls tequired by S¢ctts)n 386 ofthe 2006 ACL. or the accounts do not accord with kn r￿rdS. the acc(rtmts do not comply with the a￿oI1DtITr8 rqu1retD￿ of SectKsn 396 of the 2￿6 Act other than any r4uiT¢m¢Tht that the accounts 8ive a trut and fair vi¢w which is Tr)t a nwtt¢¥ CO￿ldered ¥ p&rt of lln indtptsn eXami[￿tiOn.. or the accounts have not been p]rpaYed in accordance wtth the mdhLwJs 3￿j principles of the Siatement of Recommended Praai¢e for accounting and reFrf)rting by Charities (applicable to charities prei>arin8 their aLwunts accordance with the Financth] Rewrting applicable in the UK and Republic of l]rland IFRS 102)). I have no eonLxns 8rtd have come auoss Th) other matters In LX)tinection with the examination to whi¢h atteDtii)n slKJuld be drawn iti this le￿rt in orderio enabl¢ ¥ prow understsnding of the a¢￿￿ts to be rea¢h￿. Gerald BygrdVCS The Association of Aco)unting Tethni¢ians GB Accounting Solutions Limiied Building 115 Bedford T￿h￿l9￿ Park Thurleigh Bedford Bedfordshire MK44 2YA 18 July 2023 P8ge 6 **HAPPY DAYS CHILDRENS CHARITY** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 March 2023** |Notes
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
4
Holidays and outings
Administration
Activities for generating funds
2
Investment income
3
**Total**
**EXPENDITURE ON**
Raising funds
5
**Charitable activities**
6
Holidays and outings
Administration
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
**-**
**-**
**318,450**
**626**
**319,076**
**121,283**
**118,048**
**138,798**
**378,129**
**(59,053)**
**285,721**
**226,668**|Restricted
funds
£
**658,444**
**-**
**-**
**-**
**658,444**
**-**
**692,411**
**-**
**692,411**
**(33,967)**
**153,069**
**119,102**|**31.3.23**
**Total**
**funds**
**£**
**658,444**
**-**
**318,450**
**626**
**977,520**
**121,283**
**810,459**
**138,798**
**1,070,540**
**(93,020)**
**438,790**
**345,770**|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| The notes form part of these financial statements Page 7 ## **HAPPY DAYS CHILDRENS CHARITY** ## **BALANCE SHEET 31 March 2023** |Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
13
**19,841**
**CURRENT ASSETS**
Debtors
14
**65,043**
Cash at bank
**184,448**
**249,491**
**CREDITORS**
Amounts falling due within one year
15
**(21,770)**
**NET CURRENT ASSETS**
**227,721**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**247,562**
**CREDITORS**
Amounts falling due after more than one year
16
**(20,894)**
**NET ASSETS**
**226,668**
**FUNDS**
18
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
**-**
**-**
**119,102**
**119,102**
**-**
**119,102**
**119,102**
**-**
**119,102**|**31.3.23**
**Total**
**funds**
**£**
**19,841**
**65,043**
**303,550**
**368,593**
**(21,770)**
**346,823**
**366,664**
**(20,894)**
**345,770**
**226,668**
**119,102**
**345,770**|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| |---|---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 HAPPY DAYS CIIII.DREfiS CIIARITY BAL4NL CE SHEET- tonllnued 31 Marrh 2023 These fi]Jartcval sts*yn¢nts have beetl prcpared in XCOrdan￿ with th pmvisicw 4wli**Cash flows from operating activities**
Cash generated from operations
1
Interest element of hire purchase payments
paid
Net cash used in operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
Net cash provided by/(used in) investing activities
**Cash flows from financing activities**
Loan repayments in year
Capital repayments in year
Net cash 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**|**31.3.23**
**£**
**(72,108)**
**(910)**
**(73,018)**
**-**
**-**
**626**
**626**
**-**
**(6,584)**
**(6,584)**
**(78,976)**
**382,526**
**303,550**|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| |---|---|---| 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 2023** ## **1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES** |**Net (expenditure)/income for the reporting period (as per the**
**Statement of Financial Activities)**
**Adjustments for:**
Depreciation charges
Profit on disposal of fixed assets
Interest received
Interest element of hire purchase and finance lease rental payments
Decrease/(increase) in debtors
Increase/(decrease) in creditors
**Net cash used in operations**|**31.3.23**
**£**
**(93,020)**
**12,251**
**-**
**(626)**
**910**
**4,640**
**3,737**
**(72,108)**|31.3.22
£
11,467
9,689
(5,140)
(50)
910
(15,780)
(1,852)
(756)| |---|---|---| ## **2. ANALYSIS OF CHANGES IN NET FUNDS** ||At 1/4/22|Cash flow|**At 31/3/23**| |---|---|---|---| ||£|£|**£**| |**Net cash**|||| |Cash at bank|**382,526**|**(78,976)**|**303,550**| ||**382,526**|**(78,976)**|**303,550**| |**Debt**|||| |Finance leases|**(34,062)**|**6,584**|**(27,478)**| ||**(34,062)**|**6,584**|**(27,478)**| |**Total**|**348,464**|**(72,392)**|**276,072**| 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 2023** ## **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 2023** ## **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 and donations
Holidays and outings
Government grants
Administration|**31.3.23**
**£**
**318,450**
**31.3.23**
**£**
**626**
**31.3.23**
**£**
**658,444**
**-**
**658,444**|31.3.22
£
364,842| |---|---|---| |||31.3.22
£
50
31.3.22
£
410,265
42,201| |||452,466| continued... Page 13 **HAPPY DAYS CHILDRENS CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2023** ## **5. RAISING FUNDS** ## **Raising donations and legacies** |**Raising donations and legacies**||| |---|---|---| |Staff costs
Fundraising costs
Postage and stationery
Motor expenses|**31.3.23**
**£**
**87,616**
**16,236**
**12,521**
**4,910**
**121,283**|31.3.22
£
90,314
4,989
7,758
1,991| |||105,052| ## **6. CHARITABLE ACTIVITIES COSTS** |Holidays and outings
Administration
**GRANTS PAYABLE**
Holidays and outings
**SUPPORT COSTS**
Management
£
Holidays and outings
**-**
Administration
**118,632**
**118,632**|Direct
Costs
£
**92,239**
**531**
**92,770**
Finance
£
**-**
**12,251**
**12,251**|Grant
funding of
activities
Support
(see note
costs (see
7)
note 8)
£
£
**692,411**
**25,809**
**-**
**138,267**
**692,411**
**164,076**
**31.3.23**
**£**
**692,411**
Support
Governance
costs
costs
£
£
**25,809**
**-**
**-**
**7,384**
**25,809**
**7,384**|Totals
£
**810,459**
**138,798**| |---|---|---|---| ||||**949,257**| ||||31.3.22
£
453,926| ||||Totals
£
**25,809**
**138,267**| ||||**164,076**| ## **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 2023** ## **9. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): ||**31.3.23**|31.3.22| |---|---|---| ||**£**|£| |Depreciation - owned assets|**102**|104| |Depreciation - assets on hire purchase contracts and finance leases|**12,149**|9,585| |Other operating leases|**27,376**|28,741| |Surplus on disposal of fixed assets|**-**|(5,140)| ## **10. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. ## **11. STAFF COSTS** |Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Fundraising
Support
Administration||**31.3.23**
**£**
**229,208**
**23,227**
**5,280**
**257,715**
**31.3.23**
**3**
**3**
**3**
**9**|31.3.22
£
239,624
20,936
5,070| |---|---|---|---| ||||265,630| ||||31.3.22
3
3
3
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 2023** |**12.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Holidays and outings
-
Administration
42,201
Activities for generating funds
364,842
Investment income
50
**Total**
407,093
**EXPENDITURE ON**
Raising funds
105,052
**Charitable activities**
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
**13.**
**TANGIBLE FIXED ASSETS**
Fixtures
and
fittings
£
**COST**
At 1 April 2022 and 31 March 2023
**32,402**
**DEPRECIATION**
At 1 April 2022
**32,299**
Charge for year
**102**
At 31 March 2023
**32,401**
**NET BOOK VALUE**
At 31 March 2023
**1**
At 31 March 2022
103|Restricted
funds
£
410,265
-
-
-
410,265
-
453,926
-
453,926
(43,661)
196,730
153,069
Motor
vehicles
£
**48,595**
**16,606**
**12,149**
**28,755**
**19,840**
31,989|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| |||Totals
£
**80,997**
**48,905**
**12,251**
**61,156**
**19,841**
32,092| Page 16 continued... **HAPPY DAYS CHILDRENS CHARITY** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2023** ## **13. TANGIBLE FIXED ASSETS - continued** Fixed assets, included in the above, which are held under hire purchase contracts are as follows: ||||Motor| |---|---|---|---| ||||vehicles| ||||£| ||**COST**||| ||At 1 April 2022 and 31 March 2023||**48,595**| ||**DEPRECIATION**||| ||At 1 April 2022||**16,606**| ||Charge for year||**12,149**| ||At 31 March 2023||**28,755**| ||**NET BOOK VALUE**||| ||At 31 March 2023||**19,840**| ||At 31 March 2022||31,989| |**14.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| |||**31.3.23**|31.3.22| |||**£**|£| ||Other debtors|**65,043**|69,683| |**15.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| |||**31.3.23**|31.3.22| |||**£**|£| ||Hire purchase (see note 17)|**6,584**|6,584| ||Social security and other taxes|**5,430**|4,976| ||Accrued expenses|**9,756**|6,473| |||**21,770**|18,033| continued... Page 17 **HAPPY DAYS CHILDRENS CHARITY** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2023** |**16.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Hire purchase (see note 17)
**17.**
**LEASING AGREEMENTS**
Minimum lease payments under hire purchase fall due as follows:
Net obligations repayable:
Within one year
Between one and five years
**18.**
**MOVEMENT IN FUNDS**
At 1/4/22
£
**Unrestricted funds**
General fund
**285,721**
**Restricted funds**
North West
**14,300**
North East
**2,860**
Yorkshire
**11,664**
West Midlands
**14,900**
East Midlands
**8,108**
East of England
**8,100**
London
**-**
South
**8,000**
South East
**31,000**
South West
**14,304**
UK Wide
**25,550**
Scotland
**9,458**
Wales
**3,025**
Northern Ireland
**1,800**
**153,069**
**TOTAL FUNDS**
**438,790**|
**31.3.23**
**£**
**20,894**
**31.3.23**
**£**
**6,584**
**20,894**
**27,478**
Net
movement
in funds
£
**(59,053)**
**(8,162)**
**618**
**(10,164)**
**708**
**(4,532)**
**500**
**1,500**
**(2,000)**
**(12,110)**
**(11,146)**
**3,204**
**1,942**
**7,475**
**(1,800)**
**(33,967)**
**(93,020)**|31.3.22
£
27,478
31.3.22
£
6,584
27,478
34,062
At
31/3/23
£
**226,668**
**6,138**
**3,478**
**1,500**
**15,608**
**3,576**
**8,600**
**1,500**
**6,000**
**18,890**
**3,158**
**28,754**
**11,400**
**10,500**
**-**| |---|---|---| |||**119,102**| |||**345,770**| continued... Page 18 **HAPPY DAYS CHILDRENS CHARITY** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2023** ## **18. 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
£
**319,076**
**59,714**
**17,728**
**40,698**
**69,413**
**44,372**
**31,100**
**3,500**
**28,045**
**71,051**
**14,385**
**209,650**
**55,530**
**13,258**
**-**
**658,444**
**977,520**|Resources
expended
£
**(378,129)**
**(67,876)**
**(17,110)**
**(50,862)**
**(68,705)**
**(48,904)**
**(30,600)**
**(2,000)**
**(30,045)**
**(83,161)**
**(25,531)**
**(206,446)**
**(53,588)**
**(5,783)**
**(1,800)**
**(692,411)**
**(1,070,540 )**|Movement
in funds
£
**(59,053)**
**(8,162)**
**618**
**(10,164)**
**708**
**(4,532)**
**500**
**1,500**
**(2,000)**
**(12,110)**
**(11,146)**
**3,204**
**1,942**
**7,475**
**(1,800)**
**(33,967)**
**(93,020)**| |---|---|---|---| continued... Page 19 **HAPPY DAYS CHILDRENS CHARITY** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2023** ## **18. 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 1/4/21
£
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 20 **HAPPY DAYS CHILDRENS CHARITY** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2023** ## **18. 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
£
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 21 **HAPPY DAYS CHILDRENS CHARITY** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2023** ## **18. 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
London
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
£
(3,925)
(22,706)
3,478
(2,501)
(14,770)
(6,924)
2,400
1,500
700
(2,234)
(7,300)
(23,463)
(10,558)
8,250
(3,500)
(77,628)
(81,553)|At
31/3/23
£
226,668
6,138
3,478
1,500
15,608
3,576
8,600
1,500
6,000
18,890
3,158
28,754
11,400
10,500
-| |---|---|---|---| ||||119,102| ||||345,770| continued... Page 22 **HAPPY DAYS CHILDRENS CHARITY** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2023** ## **18. 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: |**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
£
726,169
129,390
30,598
67,978
126,600
75,912
51,859
7,172
48,804
131,262
35,682
256,705
88,496
18,251
-
1,068,709
1,794,878|Resources
expended
£
(730,094)
(152,096)
(27,120)
(70,479)
(141,370)
(82,836)
(49,459)
(5,672)
(48,104)
(133,496)
(42,982)
(280,168)
(99,054)
(10,001)
(3,500)
(1,146,337 )
(1,876,431 )|Movement
in funds
£
(3,925)
(22,706)
3,478
(2,501)
(14,770)
(6,924)
2,400
1,500
700
(2,234)
(7,300)
(23,463)
(10,558)
8,250
(3,500)
(77,628)
(81,553)| |---|---|---|---| ## **19. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2023. ## **20. SHARE CAPITAL** The company is limited by guarantee and has no issued share capital. The liability of members is limited to £1. Page 23 **HAPPY DAYS CHILDRENS CHARITY** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 March 2023** |**INCOME AND ENDOWMENTS**
**Activities for generating funds**
Fundraising events
**Investment income**
Deposit account interest
**Charitable activities**
Grants and donations
Government grants
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Fundraising wages
Social security
Pensions
Fundraising costs
Postage and stationery
Motor expenses
**Charitable activities**
Wages
Social security
Pensions
Grants to individuals
**Administration costs**
**Management**
Wages
Social security
Pensions
Rent and service charges
Rates and insurance
Computer expenses
Repairs and renewals
Carried forward|31.3.23
£
**318,450**
**626**
**658,444**
**-**
**658,444**
**977,520**
**77,931**
**7,890**
**1,795**
**16,236**
**12,521**
**4,910**
**121,283**
**82,514**
**8,355**
**1,901**
**692,411**
**785,181**
**68,763**
**6,982**
**1,584**
**18,263**
**984**
**4,998**
**321**
**101,895**|31.3.22
£
364,842
50
410,265
42,201| |---|---|---| |||452,466| |||817,358
81,471
7,119
1,724
4,989
7,758
1,991| |||105,052
86,284
7,536
1,825
453,926| |||549,571
71,869
6,281
1,521
19,161
1,120
8,394
278
108,624| This page does not form part of the statutory financial statements Page 24 **HAPPY DAYS CHILDRENS CHARITY** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 March 2023** |**Management**
Brought forward
Telephone
Postage and stationery
Motor expenses
Bank charges
Staff welfare
Hire purchase interest
**Finance**
Depreciation of tangible fixed assets
Loss on sale of tangible fixed assets
**Support costs**
Rent and service charges
Rates and insurance
Computer expenses
Repairs and renewals
Telephone
Postage and stationery
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net (expenditure)/income**|31.3.23
£
**101,895**
**2,040**
**6,256**
**4,910**
**1,325**
**1,296**
**910**
**118,632**
**12,251**
**-**
**12,251**
**9,113**
**493**
**2,501**
**161**
**1,020**
**12,521**
**25,809**
**7,384**
**1,070,540**
**(93,020)**|31.3.22
£
108,624
2,145
3,879
1,991
1,242
607
910
119,398
9,689
(5,140)
4,549
9,580
560
4,192
139
1,072
7,758
23,301
4,020
805,891
11,467| |---|---|---| This page does not form part of the statutory financial statements Page 25