## **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;
- 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
- 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:
- (1) which gives us reasonable cause to believe that in any material respect the requirements;
- • to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and to comply with the
- · 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:
- the charity becomes entitled to the resources;
- the trustees are virtually certain they will receive the resources; and
- 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.