HAPPY FACES
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
Charity Number - 1101620
HAROLD SMITH CHARTERED ACCOUNTANTS
ST ASAPH & CRICCIETH
HAPPY FACES
CHARITY INFORMATION FOR THE YEAR ENDED 31 MARCH 2023
| Charity Number | 1101620 |
|---|---|
| Trustees | Ray Herbert |
| Callum Bartley | |
| Tracey Baxter | |
| Denise Whittle | |
| Alan Pollock | |
| David Brierley | |
| Mark Williams | |
| Roz Slater | |
| Charity Address | Tourist Information Centre |
| Rhos Promenade | |
| Rhos on Sea | |
| Colwyn Bay | |
| LL28 4EN | |
| Accountants | Harold Smith |
| Unit 32 Llys Edmund Prys | |
| St Asaph Business Park | |
| Denbighshire | |
| LL17 0JA |
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF HAPPY FACES (REGISTERED CHARITY NO. 1101620)
We report on the accounts for the year ended 31 March 2023
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity's trustees It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
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to follow the procedures laid down by the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s report
Our examination was carried out in accordance with the General Directions given by the Charity
Independent examiner’s statement
In connection with our examination, no matter has come to our attention:
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(1) which gives us reasonable cause to believe that in any material respect the requirements;
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• to keep accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and to comply with the
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· accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in our opinion, attention should be drawn in order to enable a proper understanding
................................................... Dated …………………............ Simon Murray-Williams FCA for and on behalf of Harold Smith Chartered Accountants St. Asaph Business Park Denbighshire LL17 0JA
HAPPY FACES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| General 2023 2022 note TOTAL TOTAL |
General 2023 2022 note TOTAL TOTAL |
|---|---|
| Incoming Resources 2 Donations and legacies Other trading Activities Total Income Resources Expended 3 Raising Funds Charitable Activites Governance Costs Total Expenditure Charitable Activities Net |
£ £ £ 104,947 104,947 41,484 9,457 9,457 5,337 48,502 48,502 73,995 162,906 162,906 120,816 32,989 32,989 36,647 91,653 91,653 71,008 810 810 857 125,452 125,452 108,512 37,453 37,453 12,304 |
HAPPY FACES BALANCE SHEET AS AT 31 MARCH 2023
| £ | £ | £ | £ | |
|---|---|---|---|---|
| 2023 | 2022 | |||
| ASSETS: | ||||
| FIXED ASSETS: | 8,733 | 10,705 | ||
| CURRENT ASSETS: | ||||
| Stock | 41,300 | 40,575 | ||
| Cash at Bank | 50,454 | 16,196 | ||
| Cash in Hand | 2,543 | 2,071 | ||
| 94,297 | 58,842 | |||
| LIABILITIES: | ||||
| CURRENT LIABILITIES: | ||||
| Trade Creditors | 756 | 1,768 | ||
| Other Creditors | 3,697 | 6,654 | ||
| 4,453 | 8,423 | |||
| NET ASSETS: | 98,577 | 61,124 | ||
| CAPITAL & RESERVES (REPRESENTED BY): | ||||
| PROFIT/(LOSS) IN THE YEAR: | 37,453 | 12,304 | ||
| CAPITAL B/F: | 61,124 | 48,820 | ||
| CAPITAL C/F: | 98,577 | 61,124 |
HAPPY FACES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
BASIS OF PREPARATION
The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP). No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).
NOTE 1 : ACCOUNTING POLICIES
Recognition of incoming resources
These are included in the Statement of Financial Activities (SoFA) when:
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the charity becomes entitled to the resources;
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the trustees are virtually certain they will receive the resources; and
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the monetary value can be measured with sufficient reliability.
Incoming resources with related expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations
Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources.
Contractual income and performance related grants
This is only included in the SoFA once the related goods or services have been delivered.
Liability recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance costs
Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with performance conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output.
Grants payable without performance conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.
Tangible fixed assets for use by charity
Fixed assets are stated at cost less accumulated depreciation. Provision for depreciation of fixed assets held for use by the charity is made at annual rates calculated to spread the cost (less anticipated residual disposal value) of each asset evenly over its expected useful life.
HAPPY FACES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
NOTE 2: ANALYSIS OF INCOMING RESOURCES
| General MAR 2023 MAR 2022 TOTAL TOTAL |
|
|---|---|
| Donation and Legacies Donations Gift Aid Charitable Activities Grants Events Other trading Activities Shop Income Total Income |
£ £ £ 97,181 97,181 36,332 7,766 7,766 5,152 |
| 104,947 104,947 41,484 |
|
| - - 2,000 9,457 9,457 3,337 |
|
| 9,457 9,457 5,337 |
|
| 48,502 48,502 73,995 |
|
| 48,502 48,502 73,995 |
|
| 162,906 162,906 120,816 |
HAPPY FACES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
NOTE 3: ANALYSIS OF RESOURCES EXPENDED
| General MAR 2023 MAR 2022 TOTAL TOTAL |
|
|---|---|
| Raising Funds Purchases Charitable Activities Rent Room Hire and Show Expenses Insurance Cleaning Repairs and maintenance Printing, postage and stationery Website costs Advertising Hire of equipment Marathon Entry Fees Marathon Costs Motor running expenses Appeals Bank charges Sundry expenses - allowable Depreciation on FF & E Depreciation on motor vehicles Hire purchase interest Governance Costs ACCOUNTANCY |
£ £ 32,989 32,989 36,647 |
| 32,989 32,989 36,647 |
|
| 10,345 10,345 9,584 5,005 5,005 4,562 1,558 1,558 1,149 167 167 160 1,874 1,874 1,022 2,975 2,975 1,647 - - 1,324 1,384 1,384 60 2,794 2,794 2,793 1,980 1,980 2,220 3,110 3,110 - 5,656 5,656 3,034 44,143 44,143 36,390 - - 680 8,336 8,336 3,589 169 169 187 1,804 1,804 2,254 354 354 354 |
|
| 91,653 91,653 71,009 |
|
| 810 810 820 |
|
| 810 810 820 |
HAPPY FACES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
NOTE 4: TANGIBLE FIXED ASSETS
| Cost At 1st April 2022 Additions At 31st March 2023 Depreciaion At 1st April 2022 Charge for the year At 31st March 2023 Net book value At 31st March 2022 At 31st March 2023 |
Fixture, fittings & Equipment 2,614 - |
Motor Vehicles Total 17,614 20,228 - - 17,614 20,228 8,595 9,523 1,804 1,972 10,399 11,495 9,019 10,705 7,215 8,733 |
|---|---|---|
| 2,614 | ||
| 928 169 |
||
| 1,097 | ||
| 1,686 | ||
| 1,517 |
NOTE 5: RELATED PARTY TRANSACTIONS
There are no related party transactions during the year.