REGISTERED COMPAJNY NUMBER: 02639512 (England and Wxle5} REGISTERED CHARITY NUMBER: 1010943 REPORT OF THE TRUSTEES AND FINANCIAL STATEMETr4TS FOR THE YEAR ENDED 31 MARCH 2024 FOR HAPPY DAYS CHILDRENS CHARrrY Bradshaw JoknSOD Chartered Accountants Staiuiory Auditor Eligible lo act as auditor in terms of Section 1212 of ihe Companies Act 21x16 Croft Cbambers. I l Bancroft Hitchin Herttordshire SG5 IJQ
HAPPY DAYS CHILDRENS CHARrrY coTrrrENTS OF THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2024 Report of the Trustees Report of the ljjdependent Auditors Statement of Finantial Activities 12 Balance She¢¢ 13 Cash Flow Statement 14 Notes to the Cash Flow Statement 15 Notes to the Flnancial Statements 16 to 28 Detailed Statement of Finaneikl Activitie5 29 to 30
HAPPY DAYS CHILDRENS CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ETrIDED 31 March 2024 The knlees who are ajso directors of the ebarity for the purposes of the Companies Act 2006. present their repo with ihe financial statements of the charity for the yeaT ended 31 March 2024. The trustee5 have adopted the provisions of Accouniing and Reporting by Charities.. Statement of Reeomynended Praccice applicable to charities prcparing their accoun in ac¢ordan¢e wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objeetives and aims The principal objectives of the Charity ar¢: l. to help and educate young persons, through iheis leisure-time and holiday activities. $0 as to develop their physical, menlal and spiritual eapabilitie5 that they may grow lo fvll maturity as individuals and that their ¢onditioJJs of life may be 2mpToved. 2. to advance Ibe education of young people by the provision of facilities for holidays. Public Benefit The Charity extsts for the public benefit and our Memorandum and Articles of Association comrnit us to providing respite breaks through leisure and holiday activities for children with special needs. The Trustees have given regard 10 the Charity Commission's guidancc on public benefit when setting the aims and objectiv¢5 for the year. The main poli¢ie5 adopled are respite break family holidays of a 2 - 3 night duTation and farnily day trip5 for children with special needs, i.e. ¢hildren who are sick, disabled, abused looked after children. neglected andlor disadvaDtag¢d by povety and Children who have a life limiiing condition, lo a vartety of destinations both in the UK and in day trips to theme parks. theatres, zoos and oiher attractions for groups of special needs children ihroughout the UK. residential group aclivity holidays and live perfonning arts experiences for groups of children in the UK. The children are nominaied in several ways: al Through Soci31 Services ¢) From doctors. nurses and bealth visitors ¢) Support groups g) Other Charitable organisations b) From schoolslcentres for children with special needs d) From parents andlor guardian5 Women's r¢fuge centres There have been no n]alerial changes in the policy of the Charity in this period. Volunteers The Charity receives no material donated services and places a miniTnal reliance on volunieers. Risk Management The board of trustees and delegated staff review the major risks of the chariry of all financial. operdtional, redatory and reputatlonal risks. Safeguarding Safeguarding is an important part of our work All of the adult carers that accompany cbildren on day triPS. group activity holidays and holidays aTe all known to the children. They are either their teachers. teaching assisttnts, approved carcrs or farnily members. We have a saft.Inwding policy for children and a separdt¢ one for Thinerable adults. Page I
HAPPY DAYS CHILDRENS CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 Mareb 2024 OBJECTIVES AND ACTIVITIES Dat94 ProtectioD Thc chariry holds dats from a number of different sources and has a robust policy to ensure full compliance GDPR. Reputational Risk Risks associated with adverse publicity involvine a service provider, supplier or supporter are ongoing. If necessary to protect ihe charity's good name relationships would be terminated. We have robust policics for: Financial Controls Financial reserves - Complaints Serious incidents - Trust¢¢ expenses Conflicis of interesi - Investing charity funds Social media - Health and safety - Equal opportunities and dignity at work ACHIEVEMENT AND PERFORMANCE Charitable actiwAties We are pleased that wc are recoverin(y well following the parbdemie. The charity managed to significantly increase its income throu its fiindraising etTorts has r¢suld in a larger expenditure and many more ihousands of children have benefited. The number of children helped was 33.561 (2023.. 33,1391. 27,010 children were able io experience a perfonning arts production. 4.609 children went to either a theme parL zoo. animal park. seaside or place of inrest. The Charity provided family breaks for 267 children and their families 10 Vario destinations across the UK. We also enabled 1,625 children lo benefit from a group acts'vity holiday to various Centres across the UL and a150 a few abroa We have been able to give some of the most Deedy and vulnerable children in our society the magic of live theatre, educational rrips, oulings of pure fun and excitement io many diverse attractions across the whole UK. Respite breaks were arran(Fed for families with special needs ¢hildTen who W¢T¢ able to spend some quality tirne togeih¢r in a mor¢ tranquil setting. Many of the children haTr'e complex mcdi¢al problems and sorne sadly have a life limiting conditi(pn. Every positive experience that can be brought into a child's lifc is so valuable in wthat can be a very uncertain fvtur¢. We wish to express our tl]anks and gratithde lo all our donors - for their continued and invaluable 5UPPOrt, enabling us to help a record number of children. Not forgetting any conununity foundations, companies, individuals and Grant Making Trusts for their kind support e.&The Bi8 Lottery, Awards For All and the Freemasous across the UK io name bul a few.
H.4PPY DAYS CHILDRENS CHAIUTY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 March 2024 ACHIEVEMENT A'D PERFORMANCE The benefits for the thildren Visitino theatre performances and trips to the theatre The performances teach the children about the world. about history, about geography, about people and emotions. Tlie perfom)ances promote empathy and help the children to understand theelVeS and others. By experiencing live theatre the Children can enhance tbeir creativity. imagination and understanding of different perspectives and emotions. The experience of musi¢. drama and live theatre is not one that the children usually exp¢rieTrce. It Ès a very positive experience that supports positive mentsl b¢alth and attitudes. The children join in and engage in a very immersive OPPOTtunity. The children rarely, if ever. get to see live perfomiing arts and so these ptrfotmances are a wonderful opportunity lo introdu¢e that rnactic into their lives. Residential group activity bolidays The residen(ial group activity holidays enable children with disabilities to achieve their true potential tbrough the ch&llenge of outdoor adVenrouS aetivities in the countyside. The residential courses 3re individually designed to promote education, inclusion, independence and self- motivation for those with even the most severe disabiliÉies. every yOWlE person should exp¢rieThce the world beyond home and classroom as an essential part of learning and peTsonal developmeni whatever their ability or ¢ircumstan¢es. According to research people with complex learning needs are more susceptible to emtional and mentsl health conditions than the rest of the population. The growing body of evidence indicate5 that grealcr exposure to. or Contaci with natural environments and time spent on holiday is associated with belter physical, social and emotional well- being. Holidays Caring for a child with special needs is an enorni0 responsibiliry and one taken gladly by the parenis. HO,ever. break away means that Ihe family spend quality lime together bonding. resting and having some much ne¢dcd n. They get io spend lime away from their day to day cares and worries. Dav trips The children go to all sorts of wonderful venues such as theattts. vdildlife parks, theme parks and places of interest in to5, cities and the eountyide. These opportunities help to improve theiT social and commuThi¢ation skills. The children rarely, if ever uet day Crips out and these are wonderfill opportunities for them. Studies show thai people with diverse needs and abilities lake part in fewer activities and participaie less frequently than those without diversity, and Ibey tend to have fewer friends. These opportunities enable the children and their families to take part in an activiry more often enjoyed by the wider community, thereby Promoting social inclusion. The Charity to date ha5 helped in excess of 383.000 children across the United Kingdom to attend many diver5¢ aitraciions, to enable the children's lives be more enrich¢d and that tbey hav¢ experienced somdbing posilive thai can be built on towards their future development. For many oFth¢ ¢bildrcn it will be a fiTSt lime experience outside of their nornMI envirorbment, which will broaden their outlook and help improve their social skills. We are very grateful for th¢ continued stLPPOrt in the coming year from various knt$, companies and individua15. We are detemiined to rea¢h as many children as possible who need our help. We are pleased to hear posilive feedback from families and groups who have had family breaks and OUiin£s. This helps us to evaluate the work we do and that we can ensure that the t¢$ of aciivities undertaken are of great benefit to the children, not just with the IMndIate effect but with the longer lerni benefit of renewed strength of spirit, positive well b¢ing, confidence and forward going thinking. Happy Days is very ke¢n to benefit as man). children from poor 50CiO-economic backgrounds and minority groups, thereby creating hannony and IntelOn into the community. As ivc approach the new financial year we do so witb optimism and deterMItIon that we 411 help more children Wtth special needs and disobilities to have positive experiences to I[ove their well-being. Page i
HAPPY DAYS CHILDRENS CHARrrY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 Mgreh 2024 FINANCIAL REVIEW Reserves policy Reserves now stand at 6 months of expenditure. This is to ensure that the cljarity has sufficient funds in place to continue its activity. The charity had a deficit of £1.639 at the ar end (2023 £93.020) due to a catch up of expenditure after the pandemic. Total incoming resources for the year ended 31st March 2024 amounted to £1,050,126 (2023: £977,520). Total paymenE and SUPPOTt costs for respite bTeak family holidays and leisure time activitie5 of £790,251 were expended durinry the year Eo 31 st March 2024 (2023: £810,459). At tbe year end Unrestricted Funds carried fonvard amounted to £252,663 (2023: £226.668). Total restricted income was £635.240 of which £662.874 was cxpended during Ihe year. This left an unexpended balanee of £91,468 at 31 st MaTch 2024 (2023.. £119,102). Happy Days is very dependent on income from the general public and business sector alike. Happy Days does not benefit from local government wants and is solely dependent on its own ndraISIng. Th¢ charity's funds have been applied as folloN4s: l. To provide fjjnding towards residential aclivity for groups of Special needs children within the accepted criteria.. 2. To provide day rripslgroup outings to children within the accepted criteria. 3. To provide trips to perfonnin8 arts productions and visiting theatre perfornthnces lo children within the a¢c¢pted criieria. 4. To provide family day trips and fan]ily holidays for ehil¢Jren 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 ¢osts of the Charitgs fundraising activity and fijrther expanding the fundraising activity. 7. To pay for the running of the Chariry. 8. To S¢tting aside suffi¢tent reserves which may be Called upon in the eventuality of prioriry eases, or an ¢meTgency such as thc recent pandemic to ¢ontinue its activiry.
HAPPY DAYS CHILDRENS CHARITY REPORT OF THE TRUSTEES FOR THE YEAR EL¥DED 31 March 2024 FUTURE PLANS The Charity remains caLLtious in Ihe present financial climale. but still hopes to help more children in the next year: and will be seeking to gain new donors. This help to create a steady income for the a)arity. Happy Days is looking forward to working with corporaie sponsors and wt making trusts and for many children to benefit as a resull. The ChaTity intends to help groups of children who are suffering from Lif¢-limiting conditions by IAPY of wonderful days out in addition to th¢ holidays presently undertaken. Th¢ demand for help for children falling into the Clwiry's criteria 15 ever on the IncrSe. The Charity intends to coThtinue ils policy for incTeasing the amount of day tripslgroup outings. The tTUStees lsh lo see children benefiting from inner city areas and minority groups ar are ke¢n to ini'iie applications from such groups, thereby creating hamiony and integration into the eonYnunity. The Charity wishes to en¢oura*7e the referrals of families with ¢hildren who have special needs on low Income1 receipt of benefits lo apply for assistance. We also sh to see the childr¢n benefiting from th¢ day trip activity lo be more illvolved in the acnjal planning and evaluating of the trip activity. It is felE thai providing such activities for the children wiihin the criteria state4 who are often in despair, will help promote greater spiriwal well being. This will encourage renewed energy and detenninaiion to tackle the ongoing situation or to continue io ¢ope with tragic circutThslances. STRUCTURE, GOVERNANCE AND MANACEMENT Governing document The company was incorporated on 21 st August 1991. as a company limited by gvardntee. not having a share capital artd being a registered charity in Enoland and Walcs. The governing do¢umeni of the company is its Memorandum and Arti¢lcs. Re¢ruitment and appolnlment ot new trustees The Charity seeks to have on its board, members with the righi skills set io enable it to be managed in an effe¢live manncr. Any new appointmenl is made at a properly constituted trustees, meeting. Org2ni5ational structure The Chief Executive of the Charity 15 SUPPOrted by senior managers in th¢ day to day running of the Charity. These are the Director of Fundraising and the Futidraising Manager. There is full support from an adrninistration team. Only senior manager5 and administration members have authoriry limils for orderin4 purpose5 which are: £250 £500. Authorisalion of any conynitments up to £1,000 need lo be approved by ihe Chief Executive and commitments above £1,000 can only be entered into when sigoed off by a trustee. Induetion and training of new trustees New trusiees receive the neLcssary induction in regard io responsibililies and visit the office of the Charity to meet all members of slaff, looking through the charity literature includÈng recent accounts and minutes of trustees, meetings and finally meeting with Setiior Management and existillg trustees. REFERENCE AND ADMtNISTRATIVE DETAILS Registered Company number 02639512 (England and Wales) Registered Charity nurnber 1010943 Page 5
HAPPY DAYS CHtLDRENS CEIARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 March 2024 RegAstered office Unit6&7 The Glover Centre 23 - 25 Bury Mead Road Hitchin Hertfordsbire SG5 IIIP Trusteos MrsDEMay Mrs R Rees Mrs B G Russell Mr J Selmes Mr L J Meenan (appointed 24.1.24} Company Se¢retary Mrs B G Russell Auditors Bradshaw Johnson Chanered Accountants statOry Auditor Eligible to act as auditor in tenns of Section 1212 of the Companies Act 2006 Croft Chambers. I l Bancroft Hitchin Hertfordshire SG5 IJQ Bankers The Co-operaiive Bank PLC PO Box 250 Skelmersdale Lancashire WN8 6WT Solficitors Taylor Wa]lon Solicitors 28 - 44 Alma Street Luton LUE 2PL Chief Exeeutive Mr R Sinclair STATEMENT OF TRUSTEES, RESPONSIBILITIES The trnstees (who are also th¢ dIreOr5 of Happy Days Childrens cRlty for tbe purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance applicable law and United Kingdom A¢countlDV St4lldards (United Kingdom Generally Accept¢d Accounting Practice).
HAPPY DA YS CHILDRETrIS CHAIUTY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 Mgrch 2024 STATEMEprf OF TRUSTEES. RESPONSIBILITIES- continued Company law rcquircs thc truslec5 to prcpare fjllancial statements for each financial year whtch givc a true and fair view of rhe state of affairs of the charitsblt companv and of thc incoming resources oJ)d application of resources: including the income and pendItur& of ihe charitabl¢ company for that period. In preparing thosc financial stat¢inents, Ihe trustees ar¢ required to select suitable accounting policies and then apply them consisiently. observe the method5 and principles in the Charity SORP- mak'e jud4yements and estimates that arc reasonabl¢ and prud¢nL' prepare the financial statements on the going c4)ncern b13 unlcss it is inappropriatr to presume that the charitablc company will continue in business. ¥ proper accounting reeords which diselose wi(h reasonable ac¢urdCy at anv The trusTr¢s are responsible for ke¢pirJo time the financial position of thc charitable company and to enable them to ensure that tli¢ financial staiements comply wilh rhe Compani¢s Act 2006. Th¢>. are also responsible for safeguarding ihe assets of the ¢haritsble company and hence for taking reasonable st¢p$ for th¢ prevention and d¢t¢¢tion of fraud and oiher irregularities. In so far as the trustee5 are aware: Ihue is no relevani audit inforniaiion of which the charithble Company's auditors are unaware; and Ihe Irustccs havc taken all sl¢p5 that Ihcy oughi to have taken lo mak'e them5cIv¢5 aiYar¢ of any relevant audil information and to establish thai the auditor5 arc aware of thal information. AUDITORS The audiiors. Bradshaw Johnson, will be proposed for re-appoinlment at the fortlKoming Annual Gencral Meeting. Approved by order of the board of trleeS on . d signed on its behalf by: Mrs B G Russell - Secrewy Page 7
REPORT OF THE INDEPENDENT AUDITORS TO ThE MEMBERS OF HAPPY DAYS CHILDRENS CHARrrY Opinion We have audited the fmancial statements of Happy Days Childrens Chartty (the 'clwttable compan} for the year tnded 31 March 2024 thieh comprise the Ststement of Fitwicial Activities. tbe St3temen£ of Fin&nci31 Posilion, th¢ StatetneDt of Cash FIoH% and notes to the financial StateentS including a summary of significant accounting policies. The fiJ]ancial reportillg framework tbal has been applied in Iheir preparat(on is applicable law and Uniled Kin¥dom Accounting Standards (Unld Kinudom Generally Accepted Accountinu Practice), including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland,. In our opinion the financial statements: give a true and fair view of the state of the charitable compan)Ps affairs as aE 31 March 2024 and of its incoming resources and application of resour¢es. including ils income and expendill]r¢. for the year then ended: have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reportino Standard 102 The Financial Reportin. Standard applicable in ihe UK atEd Republic of Ireland," and - have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance wilh International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards fiwther described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independenl of the charilable company in accordanc¢ with the ethical requiremenis that are relevani to our audit of the financial ststements in the UK, includtng the FRC'S Ethical Standard, and we have fidfilled our other ethical responsibilities in accordance with these requirements. W¢ believe that ihe audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opini03J. CoDcIusion5 r¢latiDg to going coneern In auditing the financial statements, we have con¢luded that the trustees. se of the going concern basis of accounting in the preparation of the financial statetnents is appropriate. Based on the work we have perfonnel we have no¢ identified any material uncertainties re13ting to events or Conditions that, individually or collectively. may cast significant doubt oll the c]witable companvs ability to continue as a going concern for a period of at le1 twelve months from when the financial staEments a authorised for issue. Our respongibilities and the responsibilities of the truslees with respect to going concern are described in the relevant seciions of Ihis report. Other information The trnstee5 are responsible for the other infoTmation. The oiher inforn]ation cornprises the infornwtion included in the Annual ReporL other than the financial staternents and our Report of the Independent Auditors thereon. OUT opinion on the financial statements does not cover the other infornjation an¢ except to the extent otherwise explicitly ststed in our report, we do not express any forni of assurance conclusion thereon. In connection with our audit of the financial siaternents. our re5TJonsibility is to read the other infomation and, in doing so, consider whether the other infOrntIon is maierially inconsistent with the financial statements or our knowledg¢ obtained in the audit or othenvise appears lo be materially mlsststed. If we identify such rnaterial in¢onsislencies or apparent material rnisstatements. we are required to determine whether this gives rise to a material misstatement in the financial Statements themselNes. If. based on the work we have perfomie¢ we con¢lude that there is a Material misstatement of this other inforn)alioN we are required to report thai fact. We have nothintr to report in this regard. Opinions on other matters prescribed by the Comp2Dies Act 2006 In our opinion, based on the work undertak¢n in the course of the audit: the infonnation given in the Report of the Trllstees for the financi21 year for which thc finvncial 5tateEncnts arc prepared is consist¢nt with th¢ financial Statements" and the Report of the TnteeS has been preped in accordance with applicable legal Tequirements. Pagc 8
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF HAPPY DAYS CHILDRENS CHARITY Matters OD which we are required tsj report by exteptio We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, Tn our opinion.. the information given in the Report of the Truste¢s is inconsistent in any material respect N4ryth the finat]cial slatements" or - the charitable cornpany has Dot kcpl adequale a¢UntIng records" or - the financial slat¢ments are not in agreement with ibe aOunting records and retun. or - we have nol received all tbe inforn]aiion and explanations we require for our audit. Responsibilities of trnstees As explained more llY in the Siatemeni of Tnjstees, Responsibilities, the tneeS (who ar¢ also the direclors of the charitable company for the purposes of company law) are responsible for the preparatioll of the financial statements and for being satisfied that they jve 3 true and fair view. and for such internal control as ihe nustees deiermin¢ is necessary to enable the preparation of financial statements that are free from material rnisstatement, whether due to fraud or error. In pr¢paring the finanoial slatements, the trustees are responsible for assessing the charitsbl¢ company's ability to ¢ontinu¢ as a going concern, dis¢losin& as applicable, matt¢TS relaied io going concern and using the going concern basis of a¢counlinu unless the twstees eithcr intend io liquidate the charithble tompany or lo cease operations, or havc no realistic alternative but io do so. Page 9
REPORT OF THE INDEPE.NDENT AUDITORS TO THE MEMBERS OF HAPPY DAYS CHILDRENS CHARrrY Our responsibilities for the audit of the financial statements We have been appointed as auditors under Section 144 of the CFLaritie5 Act 201 l and report in accordance with the Act and relevant ye.trulations made or having effect theunder. Our objectives are to obtain reasonable 2ssurance about whether the fanCIal statements as a whole are free from material m&sslatemenL wheth¢r due to frdud or error, and lo Issue 2 Report of the llldependent Audilors thal includes OUT opinioD. Reasonable assuraoce is a high level of assurance. but is not a guante¢ ihat an audit conducted in accordance ISAS (UK} will always dete¢t a material tDiSStatem¢nt when it exisls. Misstatements can arise from fraud or error and are considered material if. Individually or in the aggregate, they could reasonably be expected to influence Ibe econornic decisions of users taken on the basis of these financial sta*ments. The extent io whi¢h our procedures are Capable of detecting irregularities. including fraud is detailed below: We considered the nature of the Charitable Companys sector and its Control envAronmenL and reviewed the Chariiabl¢ Company's documentation of their policies and procedures relaling to fraud and compliance with laws and regulations. We also enquiIed of ngerneftt about their own identificaiion and assessment of the risks of irregulariiies. We obthlned an undcrsianding of the leg218nd regulatory framework that the Charitsble Company operates io 2nd idcntified the key law5 and regulations thal.. had a direci efFe¢t on the deierminaiion of maierial amounts and disclosures in the fujanctal staiements. These included guidance from the UK Companies ACL and Charity Commission; and do noi have a direct effect on the financtal stsiemenls but Compliance with which may be fundamental to the Charitable Company's ability to operate or lo avoid a material penalty. We discussed amons ihe audit cngagemeni team including relevant internal specialists such as ¢ax specialists regarding the opportunities and incentive5 that may exisc within the organisation for fraud and how and where fraud might o¢cur in the financial s(aternents. In common with all audits under ISAS IUK), we are also Tequired to perfonn specific procedures to respond to the risk of m2nagernent override. In addressing ihe risk of fraud through management override of controls. we testcd the PPTopriateness of journal entries and other adjusttneots" assessed whether the judgem¢nts made in making accowiting estimales are indicative of a potential bias. and evaluated the business rationale of any s11r1Calll transactions t])al ar¢ unusual or outside the nomal course of business. In addition to the above. our procedures to respond to the risks identtfied included the following.. reviewing f1naneial statement discloswes by iesting io supportirkg documentstion to assess compliance Nith provisions of rel¢vant laws and regulatious described as having a direct effect on the financial statem¢nts; p¢rforniing analytical procedure5 10 idenlify any unusual or un¢xp¢cted relationships that may indicate risks of material misstatement due to fraud- enquiring of management concerning acrual and potential litigation and claims. and instances of non-compliance with laws and retrulations. and - r¢ading minutes of m¢¢tin85 of those char8ed with governance. and reviewing correspondence with HMRC. A fiber description of responsibilities for the audit of the financxal statements is located on the Financial Reporting Council's website ai MYw.frc.org.uk/auditorsresponsibiliiies. This description forn part of our Report of the Indcpendent Auditors. Pacre 10
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF HAPPY DAYS CHILDRENS CHARrrY Use of our report This report is made solely to the charitsble compan$ trustees, as a body, in accordance wryth Part 4 of tbe Clwities (Accounts and Reports) Re4vulations 2008. Our audit work has been undertaken so that we rnight state to the charitable company's tn]stees those matters we are required to sthte to them in an auditors. repon and for no other purpose. To the fullest cxttnt pem]itted by law, we do not accept or assume responsil)ility to anyone other than the charitable C4)mpany and the charitabl¢ companys trustees as a body, for our audit worK for this repoQ or for thc opinions we have forrned. Mr Neil C Harding (Senior Siatutory Auditor) for and on behalf of Bra<tshaw Jobnson Chartered Aceountanis Statutory Auditor Eligible lo aci as auditor in terms of Section l?12 of the Companies Act 2006 Croft Chambers, I l Bancroft Hitchin Hcrtfordshire SG5 IJQ Dale..
HAPPY DAYS cHDRENs CHARKTY STA TEMENT OF FINANCIAL ACTtvrtIES FOR THE YEAR ENDED 31 March 2024 31J.24 Total funds 31.3.23 Total funds Unrestricted Restricted fi]Thds No INCOME AND ENDOWMENTS FROM Charit2ble activities Holidays and outings 635.240 635,240 658.444 Activities for gen¢rnting funds Investment income 410,906 3,980 410,91)6 3,980 318,450 626 Total 414,886 635,240 1,050,126 977,520 EXPENDITURE ON Raising funds 126.689 126.689 121,283 Ch¥ritable actlvltles Holidays and Outings Administration 127J77 134,825 662.874 790,251 134025 810,459 138.798 Total 388,891 662.874 1,051.765 I.070.540 NET INCOMEI(EXPENDITURE) 2S.995 (27.634) (1,639) (93,020) RECONCILIATION OF Fuf4DS Total knds broughi forward 226,668 119,102 345,770 438,790 TOTAL FUNDS CARRIED FORWARD 252,663 91,468 344,131 345,770 The notes forni part of these financial statem¢nt5 Page 12
HAPPY DAYS CHILDRENS CHARITY BALANCE SHEET 31 Emarcb 2024 31J.24 TL>tal funds 31.3.23 Totsl funds Unrestrscted nd Restricted funds Notes FIXED ASSETS Tangible assets 13 34,944 34,944 19.841 CURRENT ASSETS Debtors Casli ai ba) 14 68.238 201,774 68,238 293,242 65.043 303,550 91,468 270,012 91,468 361,480 368.593 CREDITORS Amounts falling due wiihin one year 15 (23,188) (23.188) (21.770) NET CURREprr ASSETS 246,824 91,468 338,292 346.823 TOTAL ASSETS LESS CURRENT LIABILITIES 281,768 91,468 373236 366.664 CREDITOILS Amounts falling due after more than one year 16 (29.105) (29,105) 120,894) NET ASSETS 252,663 91,468 344,131 345.770 FUNDS Unrestrieted fvnds R¢5tricicd fijnds 18 252,663 91,468 226.668 119.102 TOTAL FUIYDS 344.131 345,770 These financial stalernents have been pr¢par¢d in accordance with the provisions applicable to charitable coinpanies subjccl io th¢ small companics rcgimc. Th¢. financial statement5 w¢r¢ approvcd by th¢ Board of Trustees and authorised for issue and wcrc signcd on its behalf by: on MrsDE Trustee The notes forni part of th¢5¢ financial 5tat¢rnents Page IJ
HAPPY DAYS CHILDRENS CHARITY CASH FLOW STA TEMENT FOR THE YEAR ENDED 31 Mareh 2024 31J.24 31.3.23 Notes Cash flows from operating activitie5 CasEL ocneTated from op¢ration5 Interest element of hire purchase payncnts paid (5.116) (72,108) (2.088) (910) Net cash used in operdtmg activities (7204) (73,018) Cash floTrTrs from investing activities Purchase of tangible fixed asseis Sale of tangible fixed assets Intercsl received (31,145) 15,850 3,980 626 Net cash (used inllprovided by investing activiti¢s (IlJ15) 626 Cash flows from finaneing a¢tisities Capital repa>rynents in year 8,211 (6,584) Net cash provided byJ(used in) flliancing activities 8,211 (6,584) Change in eash and cash equivalents in the reporting period Cash and ¢asb equivalents at the beglnnlng of the rep4)rting p¢riod (IOJ08) (78.976) 303,550 382,526 Cash and eash equivalents *1 the end of the reporting period 293.242 303,550 The notes forni patt of these financial statetnents Page 14
HAPPY DAYS CHILDRENS CHARITY NOTES TO THE CASH FLOW STATEMENT FOR THE YEAJi ENDED 31 Marcb 2024 RECONCILIATIO, OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 31J.24 31.3.23 Nel expenditure for the reporting period (as per Ihe Statement of Financial A¢tAvities) Adjustments for: Depreciation ch3r8es Profil on disposal of red assets Int¢rest received Inleresi element of hire purchase and fae lease rental payments (Increase)Id¢¢r¢ase in debtors Increase in creditors (1.639) (93,020) 9,021 (8,829) (3,980) 2,088 (3,195) 1,418 12,251 {626) 910 4,640 3,737 Net cash used in operations (5,J16) (72,108) ANALYSIS OF CHANGES IN NET FUNDS Ai 11412) Cash flow At 3113124 Net cash Cash al bank 303,550 (JO,308) 293,242 303,550 (IOJ08) 293,242 Debt Finance leases (27,478) (8,211) (35,689) (27,478) (8,211) (35,689) Total 276,072 (18,519) 257,553 The notes fonn pan of these flllancial stateEnents Page 15
HAPPY DAYS CHILDRENS CHARrrY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2024 ACCOUNTING POLICtES B2sis of prepydring the financial statements The rlnancial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with ihc Chariti¢s SORP (FRS 102) 'Accountintt and Reporting by Charities: Statemenl of Recommended Prdciice applicable to charities preparing their accounts in a¢cordance with ihe Financial Reporling Standard applicable in the UK and Republic of Ireland (FRS 1021 (effectÈve l January 20191,. Financial Reporting Standard 102 The Financial Reportin Standard applicable in the UK and Republic of Ireland, and th¢ Companies A¢t 2006. The fitwicial statements have been prepared undeT the historical cost convention. IDcome Ail income is recognised in the Statement of Financial Activities once tbe charity has entitlement to the fimds, it is probable that tb¢ income will b¢ received and the amount can be measured reliably. Expenditure Liabililies are recognised &8 expenditure as soon as there is a legal or construciive obligatson Cornmitting the charity lo that expendinwc, il is probable that a transfer of econorntc benefits will be required in settlement and the amount of the obligation can be me&5ured reliably. Expenth.tte is accounted for on an accruals basis and has been classified under headings that awegate all cost related io tFLe category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resoure¢s. Grants offered subjecl to conditions which have not been met at the year end datr are noied as a con)mitment but not accrued as expenditure. Governance costs The Charity has identified ihe major cosis of governance as boih external ¢osts related to the Charity Audilors and software providers and a proportion of the costy of the Chief Executive. These salary costs have been estimated on time speni on trusi¢e related activiti¢S. Allocation aDd apportionment of eo$ts Staff salaries arc alloCad on the following basis:_ Fundraising Direct charitable expenditure Management and administration -34/0 - 31Y/o 36b/o Tangible fixed assets Depreci21ion is provided at the following annual rates in order to WTite off each asset over its estimated use1 life or, if held under a finance lease, over the lease le whicbevei is the thorter. Fixtures and fitttngs Motor vehicles 25010 on reducing balance 250/0 on reducing balance Taxation The charity is exen]pt from COTporation tax on ils charitable activities. Fund ac¢oJJnting Unrestricted fi(ts can be used in accordance with the ¢haritsble objectives at the th"s¢retton of tbe trustees. Restricted funds caD only be used for particular restricted purposes wilhin the objeets of tbe ¢haTity. Restrictions aTise when specificd by the donor OT whcn fun¢15 are raised for particular restn.cted purposes. Page 16 continued...
HAPPY DAYS CHILDRENS CHARrrY LN'OTES TO THE FINANCIAL STATEMEKfs - eotttinued FOR THE YEAR ENDED 31 March 2024 ACCOUNTINC POLICIES - continued Fund accountin Further explanation of the nature arAd PUTPOSe of each fund is included in the notes to the financial statements. Hire purchase and leasinu committnents Asseis obtain¢d under hire purchase ¢onrracts or rCe leases are capitalised in the Balance Sheet. Those held under hire purchase contracts are d¢preciated over their estinuted useful lives. Those held under fLnanee leases are depreciated over their estTrnat¢d usefi]I lives or the lease iemi IcheVer is 5boner. The interest element of these obligations is charged to the Ststement of Financlal A¢tivities over the relevant period. The capital element of the payinenls is treated as a liability. Rentals paid under operaiing l¢ases are charged to the Siatement of Financial Activitie5 on a straight line basis over the period of the lease. Pension c05t5 and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the eharilable company's pension herne are charged io the Statement of Finan¢ial Activities in the period to which they relaie. ACTIVITIES FOR GENERATING FUNDS 31J.24 31.3.23 Fundraisin8 events 410,906 318,450 INVESTMENT INCOME 31J.24 31.3.23 Deposit account interest 3,980 626 INCOME FROM CHARrrABLE ACfMTIES 31J.24 Activity Holidays and 0Ing5 31.3.23 Grants and donations 635,240 658,444 continued...
HAPPY DAYS CHILDRENS CHARTTY NOTES TO THE FINANCLiL STATEMENTS - eontitiued FOR THE YEAR ENDED 31 March 2024 RAISING FUNDS Raising dollations and legaties 31J.24 31.3.23 Staff cos15 Fundraising costs Posta<ye and stationery Motor expenses 95J05 17.038 12,250 2,096 87,616 16.236 12,521 4,910 126,689 121.283 CHARITABLE AcrivrriES COSTS Grant fidIn0 of activities (see note 7) Support costs (see note 8} Direct Costs Totals Holidays and outings Administraiion JOO,912 662,874 26.465 134,825 790,251 134,825 100,912 662,874 161,290 925,076 GRAs PAYABLE 313.24 31.3.23 Holidays and oulings 662,874 692,41 I SUPPORT COSTS Support costs Management Governance costs Finance Totals Holidays and outings Athninistration 26,465 J25,453 26,465 134,825 192 9,180 125,453 192 26,465 9,180 161.290 Pa.tre l8 continued...
HAPPY DAYS CHILDRENS CHARrrY NOTES TO THE FINANCtAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2024 NET LNCOMEI(EXPENDrruRE) Net in¢ome/(expenditUFe) is soted after charginyJ(creditin¢T 31J.24 i1.3.23 Depreciation- 0ed assets Depreciation - assets on hire Purchase contracts and finance leas¢5 Oiher opcrating leases Surplus on disposal of fixed assets 102 12,149 27,376 9,021 30.601 (8,829) io. TRUSTEES, REMUNERATtON AND BEP*lFITS There were no tttes, remw]eraiion or other benefirs for th¢ year ended 31 Ma¥¢h 2024 nor for the year ended 31 Mar¢h 2023. Truslees, expenses There werc no 31 March 2023. Irusiees, expenses paid for the year ended 31 March 2024 nor for the year ended STAFF COSTS 31J.24 31.3.23 Wages and salaries Social seciwity costs Oihcr pension costs 250.852 23,838 5,622 229,208 23,227 5,280 280J12 257,715 The average monthly number of employees during ihe year w&$ as follows.. Fundraising Support Administration 31J.24 31.3.23 No employees CeIVed ernoluments in excess of £60.000. Page 19 continued...
HAPPY DAYS CHILDRENS CHARrrY NOTES TO THE Fif4ANCIAL STATEMENTS- CODtinued FOR THE YEAR ENDED 31 March 2024 12. COMPARATIVES FOR THE STATEMENf OF FINANCIAL ACTIVTfiES Unrestricted fimd Restricted fid$ Total INCOME ENDOWMENTS FROM Charitable activities Holidays and outings 658,444 658,444 Actiwities for generating fi]nds Inveslrnent income 318,450 626 318,450 626 Total 319,076 658.444 977.520 EXPENDITURE ON Raisinu fidS 121,283 121.283 Charitable activities Holidays and Outin Administtatson 118,048 138,798 692.411 810,459 138,798 Total 378,1 ?9 692,411 1,070,540 NET INCOMEI(EXPENDITURE) {59.053) (33,967) (93.020) RECONCILL4TtON OF FUNDS Total fijnds brought forward 285,721 153,069 438,790 TOTAL FUNDS CARRIED FORWARD 226,668 119,102 345,770 Parre 20 continue(L..
HAPPY DAYS CHILDRENS CHARrrY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED JI March 2Q24 13. TANGIBLE FLKED ASSETS Fixtures Molor velLicles fittings Totals COST Ai l April 2023 Additions Disposals 32,402 48,595 31,145 (28,084) 80.997 31,145 (28,084) At 31 March 2024 32,402 51,656 84,058 DEPRECIATION Ai l April 2023 Charge for year Eliminated on disposal 32.401 28.755 9,021 (21,063) 61,156 9,021 (21,063) At 3L March 2024 32,401 16.713 49,114 NET BOOK VALUE Ai 31 March 2024 34.943 34,944 Ai 31 March 2023 19.840 19.841 Fixed assets, included in the above, which are held under hire PUT¢hase contracts are as follows: Motor vehicles COST At l April 2023 Additiorts Disposals 48,595 31,145 (28,084) At 31 March 2024 51.656 DEPRECIATION At l April 2023 Charge for year Eliminated on disposal 28,755 9,021 (21,063) At 31 March 2024 16,713 NET BOOK VALUE At 31 March 2024 34,943 At 31 March 2023 19,840 Page21 continued...
HAPPY DAYS CHILDRENS CIL4RITY NOTES TO THE FINANCIAL STATELlfENTS - continued FOR THE YEAR ENDED 31 Mareh 2024 14. DEB TORS: AMOUNTS FALLING DUE ONE YEAR 31.3.24 31.3.23 Other debtors 68238 65,043 15. CREDITORS: AMOUNTS FALLING DUE WH1 ONE YEAR 31J.24 31.3.23 Hire pvrchase (se¢ note 17) Social security and other taxes Accrned expenses 6,584 5,503 6.584 5,430 9,756 23,188 21,770 16. CREDITORS: AMOUNTS FALLtNG DUE AFTER MORE THAN ONE YEAR 31J.24 31.3.23 Hire purchase (see note 17) 29,105 20,894 17. LEASING AGREEMENTS Minimum lease panentS under hire purchase fall due as follows: 31J.24 31.3.23 Net obligations repayable: Within one year Bctween one and five years 6,584 29,105 6,584 20,894 35,689 27,478 Page 22 continued...
HAPPY DAYS CHtLDRENS CEL4RrrY NOTES TO THE FINANCIAL STATEMEKfs - eontinned FOR THE YEAR ENDED 31 March 2024 18. MOVEMENT IN FUNDS Net movement in funds At 3113124 At 114123 Unrestricted funds General fluid 22Q668 25,995 252,663 Restricted fund$ North West Nortb East Yorkshire West Midlands East Midlands 6,138 3,478 1,500 15,608 3,576 3,850 (3,228) 1,500 (8,506) 10.966 9,988 250 3,000 7,102 14,542 i 111 East of England London South South East South West UK Wide S¢otland Wales 8.600 1,500 6,000 18,890 3,158 28,754 11,400 10,500 {1,785) 5.350 (5.200) 18.240) 7,542 (12,983) (7,400) (9,500) 6,815 6,850 800 10,650 10,700 15,771 4,000 1,000 119,102 (27,634) 91,468 TOTAL FUNDS 345,770 (1,639) 344,131 Page 23 continued...
HAPPY DAYS CHILDRENS CHARrrY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 March 2024 18. MOVEMEIYT 11¥4 FUNDS- continued Net movement in fijnds, included in the above are as follows.. Incoming resources Resources expended Movernent in funds Unrestricted funds General flmd 414,886 (388,891) 25,995 Restricted fuDds North West North East Yorkshirc West Midlands East Midlands East of England London South South East South West UK Wide Scotland Wales Northern Ireland 81,248 21,129 39,714 81J31 58,099 35,146 12,858 24,611 41,830 21,658 172,265 37,901 2,000 5.450 (77,398) (24,357) (38214) (89,837) (47,133) (36,931) 17,508) (29,811) (50,070) (14,116) (185,248) (45,301) (11,500) (5,450) 3,850 (3,228) 1,500 (8,506) 10,966 (1,785) 5,350 (5,200) (8,240) 7,542 (12,983) (7,400) (9,500) 635.240 (662,874) (27,634) TOTAL FUNDS 1,050,126 (1,051,765) (1,639) Paue 24 continued...
HAPPY DAYS CHILDRENS CHARITY NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 March 2024 18. MOVEMENT IN FUNDS - contillued Comparatives for movement in fynd5 Nel movement Ai 3 lJ3123 At 114122 Unrestri¢ted funds General fund 285,721 (59,053) 226.668 Restrieted funds North West Nurth Easi Yorkshire West Midlands East Midland5 East of England London South South East South West UK Wide Scotland Wales Northern lttland 14,300 2,860 11,664 14.900 8,108 8.100 (8,162) 618 (10,164) 708 (4.532) 500 1.500 (2,000) (l2,110} (11.146} 3.204 1,94? 7,475 (1.800) 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 8.OCrt) 31.000 14,304 25.550 9,458 3,025 1,800 153,069 (33,967) 119,102 TOTAL FUNDS 438,790 (93,020) 345,770 Page 25 continued.-.
HAPPY DAYS CHILDRENS CIIARITY NOTES TO THE FtNANCL4L STATEMETrUS - continued FOR THE YEARENDED 31 March 2024 18. MOVEMENT IN FUNDS - continued Comparative net movement in funds. included in the above are as follows: Incoming resouTces Resources expended Movernent in funds Unrestricted funds General fund 319.076 (378,129) (59,053) Restricted funds North West North East Yorkshire West Midlants East Midlands East of England London South South East South West UK Wide Scotland Wales Northern Lreland 59.714 l7,728 40,698 69,413 44,372 31,100 3,500 28,045 71,051 14,385 209,650 55.530 13,258 (67.876) (17,110) (50,862) (68.705) (48.904) (30,600) (2.000) (30.0451 (83.161) (25.531) {206,446) (53,588) (5.783) (1,800) (8, 162) 618 (10,164) 708 (4,532) 500 1,500 (2,0001 (12,110) (11.146) 3,204 1,942 7.475 (1,800) 658,444 (692.411) (33,967) TOTAL FUNDS 977.520 (1,070,540) (93,020) Page 26 continued...
HAPPY DAYS CHILDRENS CHARtrY NOTES TO THE FINANCIAL STATEMENTS - eoDtinued FOR THE YEAR ENDED 31 March 2024 18. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined position is as follows: Nei movement in funds At 114122 3113124 Unrestricted fvn(ts General fund 285.721 (33.058) 252,663 Re5trieted funds North Wesl North East Yorkshire West Midlands East Midlands East of England London South South East Souih West UK Wide Seoiland Wale5 Northern Ireland 14,300 2.860 11,664 14,900 8,108 8.100 (4,312) (2,610) (8,664) (7,798) 6.434 (1,285) 6.850 (7,200) (20,350) (3,604) (9.779) (5,458) (2,025) (1,800) 9.988 250 i.000 7,102 14.542 6,815 6,850 800 10.650 10,700 15,771 4,000 1,000 8,0(KJ 31.000 14.304 25,550 9.458 3,025 1,800 153.069 (61,601) 91,468 TOTAL FUNDS 438.790 (94,659) 344.131 Page 27 continued...
HAPPY DAYS CHILDRENS CHAIUTY NOTES TO THE FINANCIAL STATEMENTS - cotttinued FOR THE YEAJi ENDED 31 March 2024 18. MOVEMENT IN FUNDS- conlinued A Cent year 12 rnonths 2nd prior year 12 months combined net movement in fijnds, included in lh¢ above are as follows.. Incomin resources Resources expended Movement in funds Unrestrieted funds General fund 733.962 (767,020) (33.058) Restricted funds North West North East Yorkshire West Midlands East Midlands East of England don South South East South West UK Wide Scotland Wales Northern Ireland 140.962 38,857 80,412 150,744 102,471 66.246 16,358 52,656 112,881 36,043
81.915 93,431 15,258 5,450 (145.274) (41,467) (89,076) (158,542) (96,037) (67,531) (9.5081 (59,8561 (133.231) (39,647) {391.694) (98,889) {17,283) (7,250) (4,312) (2,610) (8,664) (7,798) 6.434 (1 ?851 6,850 (7,2001 (20.350) (3,6041 (9.779) (5,458) 12,025) (1.800) 1,293,684 (1,355.285} (61,601) TOTAL FUNDS 2.027.646 (2,122,305) (94,659) 19. RELATED PARTY DISCLOSURES There were no related parry transactions for the year ended 31 Marth 2024. STrL4RE CAPITAL 20. Th¢ company is limited by guarnnlee and has no issued Sha capitsl. The liability of metnbers is limited to £1. Page 28
IIAPPY DAYS CHILDRENS CHARrrY DETAILED STATEMELYf OF FINANCIAL ACTivrrtES FOR THE YEAR ENDED 31 March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Activities for generating fund5 Fundraising events 410.906 318,450 Investment income Deposit account interest 3,980 626 Charitable activities Grants and donations 635.240 658.444 Total incoming resources 1,050,126 977,520 EXPENDITURE Raising donations and legacies Fundraising wages Soci31 securiiy Pensions Fundraisin8 costs Postage and stationery Motor expenses 85,289 8,105 1.911 17,038 12,250 2,096 77,931 7,890 1,795 16.236 12,521 4,910 126,689 121,283 Charitable activities Wages Social s¢cuJity Pensions Grants 10 individuals 90J07 8.581 2,024 662.874 82,514 8,355 1,901 692,411 763,786 785,181 Administration eosts Management Wages Social security P¢nsions Rent and service charges Rates and insurance Computer expense5 Repairs and renewals Telephone Carried fonvard 75,256 7,152 1,687 20,400 901 2,062 2,513 2.552 112.523 68,763 6,982 1,584 18.263 984 4,998 321 2,040 103,935 This page docs not forn) part of the statutory financial statements
HAPPY DAYS CHILDRENS CHARITY DETAILED STATEMEYf OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 March 2024 31.3.24 Management Brought forward Postage and staiionery Motor expenses Sundries Bank charges Staff welfare Hire purchase interest 112,523 6,126 2,096 313 1.161 1,146 2,088 103,93) 6.256 4.910 1.325 1,296 910 125,453 118,632 Finance Depreciation of tangible fd aets Loss on sale of iangible fixed assets 9,021 (8,829) 12.251 192 l2,251 Support tQSts Rent and service charges Rates and insurance Computer expenscs Repairs and renewals Telephonc Postage and stationery 10,201 450 1.031 1,257 1,276 12,250 9.113 493 2,501 161 ,020 12,521 26,465 25,809 Governanee ¢ost$ Accounlancy and legal fees 9,180 7.384 Total resources expended 1,051,765 1,070,540 Net expenditure (1.639) (93.020) Thi5 patre does noi forn) part of the statutory financial statements